Financial Instruments (Tables)

9 Months Ended

Oct. 31, 2016

Investments, All Other Investments [Abstract]

Cost And Fair Value Of Financial Instruments Disclosure

The following tables summarize the Company's financial instruments' amortized cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category as of October 31, 2016 and January 31, 2016:

			October 31, 2016
			Amortized Cost		Gross unrealized gains		Gross unrealized losses			Fair Value		Level 1		Level 2		Level 3
Cash equivalents (1):
	Agency bonds		$	7.5	$	—	$	—		$	7.5	$	7.5	$	—	$	—
	Certificates of deposit		101.2		—		—			101.2		101.2		—		—
	Commercial paper		11.8		—		—			11.8		—		11.8		—
	Custody cash deposit		19.5		—		—			19.5		19.5		—		—
	Money market funds		162.3		—		—			162.3		—		162.3		—
	U.S. government securities		631.5		—		—			631.5		631.5		—		—
Marketable securities:
	Short-term available-for-sale
		Agency bonds	15.8		—		—			15.8		15.8		—		—
		Asset backed securities	22.2		—		—			22.2		—		22.2		—
		Certificates of deposit	140.7		0.4		—			141.1		141.1		—		—
		Commercial paper	51.5		—		—			51.5		—		51.5		—
		Corporate bonds	225.7		0.1		(0.1		)	225.7		225.7		—		—
		Municipal bonds	7.1		—		—			7.1		7.1		—		—
		Sovereign debt	11.3		—		—			11.3		—		11.3		—
		U.S. government securities	12.1		—		—			12.1		12.1		—		—
	Short-term trading securities
		Mutual funds	44.2		1.4		—			45.6		45.6		—		—
	Long-term available-for-sale
		Agency bonds	55.5		0.1		(0.1		)	55.5		55.5		—		—
		Asset backed securities	58.3		0.1		—			58.4		—		58.4		—
		Certificates of deposit	1.8		—		—			1.8		1.8		—		—
		Corporate bonds	244.1		0.9		(0.2		)	244.8		244.8		—		—
		Municipal bonds	8.5		—		—			8.5		8.5		—		—
		Sovereign debt	12.6		—		—			12.6		—		12.6		—
		U.S. government securities	73.5		0.1		(0.2		)	73.4		73.4		—		—
Convertible debt securities (2)			6.3		2.4		(1.3		)	7.4		—		—		7.4
Derivative contracts (3)			3.0		9.6		(10.3		)	2.3		—		0.7		1.6
		Total	$	1,928.0	$	15.1	$	(12.2	)	$	1,930.9	$	1,591.1	$	330.8	$	9.0

____________________ 

(1) Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets.

(2) Considered “available-for-sale” and included in “Other assets” in the accompanying Condensed Consolidated Balance Sheets.

(3) Included in “Prepaid expenses and other current assets,” “Other assets,” or “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.

			January 31, 2016
			Amortized Cost		Gross unrealized gains		Gross unrealized losses			Fair Value		Level 1		Level 2		Level 3
Cash equivalents (1):
	Agency bonds		$	8.5	$	—	$	—		$	8.5	$	8.5	$	—	$	—
	Certificates of deposit		267.6		—		—			267.6		267.6		—		—
	Commercial paper		106.6		—		—			106.6		—		106.6		—
	Custody cash deposit		2.1		—		—			2.1		2.1		—		—
	Money market funds		382.4		—		—			382.4		—		382.4		—
	Municipal bonds		5.0		—		—			5.0		5.0		—		—
	U.S. government securities		103.0		—		—			103.0		103.0		—		—
Marketable securities:
	Short-term available-for-sale
		Agency bonds	40.0		—		(0.1		)	39.9		39.9		—		—
		Asset backed securities	7.3		—		—			7.3		—		7.3		—
		Certificates of deposit	190.3		—		—			190.3		190.3		—		—
		Commercial paper	141.1		—		—			141.1		—		141.1		—
		Corporate debt securities	377.1		0.1		(0.3		)	376.9		376.9		—		—
		Municipal bonds	9.7		—		—			9.7		9.7		—		—
		Sovereign debt	20.1		—		—			20.1		—		20.1
		U.S. government securities	74.6		—		—			74.6		74.6		—		—
	Short-term trading securities
		Mutual funds	38.8		0.4		(1.2		)	38.0		38.0		—		—
	Long-term available-for-sale
		Agency bonds	56.8		0.1		—			56.9		56.9		—		—
		Asset backed securities	36.5		0.1		—			36.6		—		36.6		—
		Corporate debt securities	320.9		0.3		(0.8		)	320.4		320.4		—		—
		Municipal bonds	2.9		—		—			2.9		2.9		—		—
		Sovereign debt	16.9		—		—			16.9		—		16.9		—
		U.S. government securities	98.4		0.3		(0.1		)	98.6		98.6		—		—
Convertible debt securities (2)			2.5		2.0		(1.1		)	3.4		—		—		3.4
Derivative contracts (3)			1.5		7.8		(7.4		)	1.9		—		1.6		0.3
		Total	$	2,310.6	$	11.1	$	(11.0	)	$	2,310.7	$	1,594.4	$	712.6	$	3.7

____________________ 

(1) Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets.

(2) Considered “available-for-sale” and included in “Other assets” in the accompanying Condensed Consolidated Balance Sheets.

(3) Included in “Prepaid expenses and other current assets,” “Other assets,” or “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.

Fair Value, Assets Measured on Recurring Basis

A reconciliation of the change in Autodesk’s Level 3 items for the nine months ended October 31, 2016 follows:

	Fair Value Measurements Using Significant Unobservable Inputs
	(Level 3)
		Derivative Contracts		Convertible Debt Securities			Total
Balances, January 31, 2016		$	0.3	$	3.4		$	3.7
Purchases		1.0		4.0			5.0
Gains (losses) included in earnings		0.3		(0.2		)	0.1
Gains included in OCI		—		0.2			0.2
Balances, October 31, 2016		$	1.6	$	7.4		$	9.0

Available-for-sale Securities

The following table summarizes the estimated fair value of Autodesk's “available-for-sale securities” classified by the contractual maturity date of the security:

	October 31, 2016
	Cost		Fair Value
Due within 1 year	$	490.2	$	491.6
Due in 1 year through 5 years	448.3		449.1
Due in 5 years through 10 years	8.5		8.5
Total	$	947.0	$	949.2

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair values of derivative instruments in Autodesk’s Condensed Consolidated Balance Sheets were as follows as of October 31, 2016 and January 31, 2016:

	Balance Sheet Location	Fair Value at
		October 31, 2016		January 31, 2016
Derivative Assets
Foreign currency contracts designated as cash flow hedges	Prepaid expenses and other current assets	$	6.9	$	3.4
Derivatives not designated as hedging instruments	Prepaid expenses and other current assets and Other assets	4.2		4.9
Total derivative assets		$	11.1	$	8.3
Derivative Liabilities
Foreign currency contracts designated as cash flow hedges	Other accrued liabilities	$	5.4	$	3.4
Derivatives not designated as hedging instruments	Other accrued liabilities	3.4		3.0
Total derivative liabilities		$	8.8	$	6.4

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The effects of derivatives designated as hedging instruments on Autodesk’s Condensed Consolidated Statements of Operations were as follows for the three and nine months ended October 31, 2016 and 2015 (amounts presented include any income tax effects):

	Foreign Currency Contracts
	Three Months Ended October 31,						Nine Months Ended October 31,
	2016			2015			2016			2015
Amountof gain (loss) recognized in accumulated other comprehensive income on derivatives (effective portion)	$	1.8		$	(5.0	)	$	(3.1	)	$	1.7
Amount and location of gain (loss) reclassified from accumulated other comprehensive income into income (effective portion)
Net revenue	$	1.0		$	9.5		$	8.4		$	31.8
Operating expenses	1.5			(2.4		)	0.2			(7.9		)
Total	$	2.5		$	7.1		$	8.6		$	23.9
Amount and location of loss recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)
Interest and other expense, net	$	(0.1	)	$	(0.2	)	$	(0.5	)	$	(0.5	)

The effects of derivatives not designated as hedging instruments on Autodesk’s Condensed Consolidated Statements of Operations were as follows for the three and nine months ended October 31, 2016 and 2015 (amounts presented include any income tax effects):

	Three Months Ended October 31,						Nine Months Ended October 31,
	2016			2015			2016			2015
Amount and location of loss recognized in income on derivatives
Interest and other expense, net	$	(1.4	)	$	(2.5	)	$	(12.3	)	$	(1.8	)