Acquisitions

9 Months Ended

Oct. 31, 2020

During the three and nine months ended October 31, 2020, Autodesk completed two business combinations. The acquisition-date fair value of the cash consideration transferred totaled $45.4 million. The results of operations for these acquisitions were included in the accompanying Condensed Consolidated Statement of Operations from the dates of the respective acquisitions. Pro forma results of operations have not been presented because the effects of these acquisitions were not material to Autodesk's Condensed Consolidated Financial Statements.

The acquisitions were accounted for as business combinations, and Autodesk recorded the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition. The fair values assigned to the identifiable intangible assets acquired were based on estimates and assumptions determined by management. Autodesk recorded the excess of consideration transferred over the aggregate fair values as goodwill. The goodwill recorded was primarily attributable to synergies expected to arise after the acquisition. There is no amount of goodwill that is deductible for U.S. income tax purposes.

The following table summarizes the fair value of the assets acquired and liabilities assumed by major class for the business combinations that were completed during the three and nine months ended October 31, 2020:


(in millions)	Aggregate Total
Developed technologies	$	12.0
Customer relationships	5.7
Trade name	0.8


Goodwill	31.4
Deferred revenue and long-term deferred revenue	(2.2)
Net tangible liabilities	(2.3)
Total	$	45.4

For the business combinations, the allocation of purchase price consideration to certain assets and liabilities is not yet finalized. For the items not yet finalized, Autodesk's estimates and assumptions are subject to change within the measurement period (up to one year from the acquisition date). The primary areas of the preliminary purchase price allocation that are not yet

finalized are amounts for tax assets and liabilities, pending finalization of estimates and assumptions for certain tax aspects of the transaction and residual goodwill.