Financial Instruments (Tables)

12 Months Ended

Jan. 31, 2018

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 January 31, 2018 and 2017.

			January 31, 2018
			Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value			Level 1		Level 2			Level 3
Cash equivalents (1):
	Agency bonds		$	5.0	$	—	$	—		$	5.0		$	5.0	$	—		$	—
	Certificates of deposit		17.4		—		—			17.4			17.4		—			—
	Commercial paper		324.2		—		—			324.2			—		324.2			—
	Corporate debt securities		5.0		—		—			5.0			5.0		—			—
	Custody cash deposit		5.2		—		—			5.2			5.2		—			—
	Money market funds		278.8		—		—			278.8			—		278.8			—
	Municipal bonds		5.0		—		—			5.0			5.0		—			—
	Sovereign debt		2.0		—		—			2.0			—		2.0			—
Marketable securities:
	Short-term available-for-sale
		Asset backed securities	13.1		—		—			13.1			—		13.1			—
		Commercial paper	27.5		—		—			27.5			—		27.5			—
		Corporate debt securities	99.4		—		(0.1		)	99.3			99.3		—			—
		Other (2)	9.2		—		—			9.2			7.7		1.5			—
		U.S. government securities	37.1		—		—			37.1			37.1		—			—
	Short-term trading securities
		Mutual funds	50.1		8.9		—			59.0			59.0		—			—
	Long-term available-for-sale
		Agency bonds	13.7		—		(0.1		)	13.6			13.6		—			—
		Asset backed securities	36.8		—		(0.2		)	36.6			—		36.6			—
		Corporate debt securities	100.2		0.1		(0.4		)	99.9			99.9		—			—
		Municipal bonds	12.7		—		(0.1		)	12.6			12.6		—			—
		Sovereign debt	2.8		—		—			2.8			—		2.8			—
		U.S. government securities	25.5		—		(0.2		)	25.3			25.3		—			—
Convertible debt securities (3)			7.5		0.5		(0.2		)	7.8			—		—			7.8
Derivative contract assets (4)			2.0		7.5		(1.3		)	8.2			—		7.2			1.0
Derivative contract liabilities (5)			—		—		(26.6		)	(26.6		)	—		(26.6		)	—
		Total	$	1,080.2	$	17.0	$	(29.2	)	$	1,068.0		$	392.1	$	667.1		$	8.8

____________________ 

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

(2) Consists of agency bonds, certificates of deposit, sovereign debt, and municipal bonds.

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

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

(5) Included in “Other accrued liabilities” in the accompanying Consolidated Balance Sheets.

			January 31, 2017
			Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value			Level 1		Level 2			Level 3
Cash equivalents (1):
	Agency bonds		$	6.0	$	—	$	—		$	6.0		$	6.0	$	—		$	—
	Certificates of deposit		63.1		—		—			63.1			63.1		—			—
	Commercial paper		207.4		—		—			207.4			—		207.4			—
	Corporate debt securities		40.2		—		—			40.2			40.2		—			—
	Custody cash deposit		3.2		—		—			3.2			3.2		—			—
	Money market funds		256.5		—		—			256.5			—		256.5			—
	Municipal bonds		5.0		—		—			5.0			5.0		—			—
	Sovereign debt		15.0		—		—			15.0			—		15.0			—
	U.S. government securities		309.5		—		—			309.5			309.5		—			—
Marketable securities:
	Short-term available-for-sale
		Agency bonds	13.2		—					13.2			13.2		—			—
		Asset backed securities	19.6		—		—			19.6			—		19.6			—
		Certificates of deposit	157.3		—		—			157.3			157.3		—			—
		Commercial paper	109.2		—		—			109.2			—		109.2			—
		Corporate debt securities	234.7		—		(0.2		)	234.5			234.5		—			—
		Municipal bonds	43.4		—		—			43.4			43.4		—			—
		Sovereign debt	30.0		—		—			30.0			—		30.0			—
		U.S. government securities	32.3		—		—			32.3			32.3		—			—
	Short-term trading securities
		Mutual funds	44.8		2.5		—			47.3			47.3		—			—
	Long-term available-for-sale
		Agency bonds	7.1		—		—			7.1			7.1		—			—
		Asset backed securities	65.8		0.1		—			65.9			—		65.9			—
		Corporate debt securities	172.1		0.1		(0.1		)	172.1			172.1		—			—
		Municipal bonds	10.7		—		—			10.7			10.7		—			—
		Sovereign debt	1.5		—		—			1.5			—		1.5			—
		U.S. government securities	48.8		0.1		—			48.9			48.9		—			—
Convertible debt securities (2)			4.9		2.3		(1.6		)	5.6			—		—			5.6
Derivative contract assets (3)			2.2		12.3		(1.3		)	13.2			—		11.9			1.3
Derivative contract liabilities (4)			—		—		(10.4		)	(10.4		)	—		(10.4		)	—
		Total	$	1,903.5	$	17.4	$	(13.6	)	$	1,907.3		$	1,193.8	$	706.6		$	6.9

____________________ 

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

(2) Considered "available for sale" securities and included in "Other assets" in the accompanying Consolidated Balance Sheets.

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

(4)

Included in “Other accrued liabilities” in the accompanying Consolidated Balance Sheets.

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

A reconciliation of the change in Autodesk’s Level 3 items for the fiscal year ended January 31, 2018 was as follows:

	Fair Value Measurements Using Significant Unobservable Inputs
	(Level 3)
		Derivative Contracts			Convertible Debt Securities			Total
Balances, January 31, 2017		$	1.3		$	5.6		$	6.9
Purchases		1.1			5.9			7.0
Gains (losses) included in earnings (1)		(1.4		)	(3.2		)	(4.6		)
Gains included in OCI		—			(0.5		)	(0.5		)
Balances, January 31, 2018		$	1.0		$	7.8		$	8.8

____________________ 

(1) Included in “Interest and other expense, net” in the accompanying Consolidated Statement of Operations.

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:

	January 31, 2018
	Cost		Fair Value
Due within in 1 year	$	193.8	$	194.0
Due in 1 year through 5 years	186.9		186.0
Due in 5 years through 10 years	3.7		3.7
Due after 10 years	1.1		1.1
Total	$	385.5	$	384.8

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

The fair value of derivative instruments in Autodesk’s Consolidated Balance Sheets were as follows as of January 31, 2018, and January 31, 2017:

	Balance Sheet Location	Fair Value at
		January 31, 2018		January 31, 2017
Derivative Assets
Foreign currency contracts designated as cash flow hedges	Prepaid expenses and other current assets	$	6.2	$	10.1
Derivatives not designated as hedging instruments	Prepaid expenses and other current assets and Other assets	2.0		3.2
Total derivative assets		$	8.2	$	13.3
Derivative Liabilities
Foreign currency contracts designated as cash flow hedges	Other accrued liabilities	$	18.7	$	4.5
Derivatives not designated as hedging instruments	Other accrued liabilities	7.9		6.0
Total derivative liabilities		$	26.6	$	10.5

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

The effects of derivatives designated as hedging instruments on Autodesk’s Consolidated Statements of Operations were as follows for the fiscal years ended January 31, 2018, 2017, and 2016, respectively (amounts presented include any income tax effects):

	Foreign Currency Contracts
	Fiscal Year Ended January 31,
	2018			2017			2016
Amount of (loss) gain recognized in accumulated other comprehensive loss on derivatives (effective portion)	$	(21.3	)	$	6.3		$	2.2
Amount and location of gain (loss) reclassified from accumulated other comprehensive loss into (loss) income (effective portion)
Net revenue	$	8.0		$	9.2		$	39.8
Operating expenses	1.9			(1.8		)	(10.5		)
Total	$	9.9		$	7.4		$	29.3
Amount and location of loss recognized in (loss) income on derivatives (ineffective portion and amount excluded from effectiveness testing)
Interest and other expense, net	$	(0.2	)	$	(0.3	)	$	(0.7	)

The effects of derivatives not designated as hedging instruments on Autodesk’s Consolidated Statements of Operations were as follows for the fiscal years ended January 31, 2018, 2017, and 2016, respectively (amounts presented include any income tax effects):

	Fiscal Year Ended January 31,
	2018			2017			2016
Amount and location of loss recognized in loss (income) on derivatives
Interest and other expense, net	$	(19.1	)	$	(11.1	)	$	(1.7	)