Income Taxes (Tables)

12 Months Ended

Jan. 31, 2021

Income Tax Disclosure [Abstract]

Provision for Income Taxes

The provision for income taxes consists of the following:

	Fiscal year ended January 31,
	2021		2020		2019
Federal:
Current	$	9.8	$	(2.3)	$	(13.3)
Deferred	(741.0)		7.6		(6.7)
State:
Current	19.0		(0.4)		(1.8)
Deferred	(57.5)		2.1		0.1
Foreign:
Current	87.6		69.6		65.3
Deferred	20.6		3.7		(5.5)
Income tax provision (benefit)	$	(661.5)	$	80.3	$	38.1

Differences Between The U.S. Statutory Rate and The Aggregate Income Tax Provision

The differences between the U.S. statutory rate and the aggregate income tax provision are as follows:

	Fiscal year ended January 31,
	2021		2020		2019
Income tax provision (benefit) at U.S. Federal statutory rate	$	114.8	$	61.9	$	(9.0)
State income tax benefit, net of the U.S. Federal benefit	(7.9)		(5.3)		(11.4)
Foreign income taxed at rates different from the U.S. statutory rate	(15.7)		(41.2)		117.8
Valuation allowance adjustment	(661.7)		65.3		18.8
Transition tax and revisions due to subsequent regulations			9.6		(16.0)
Tax effect of non-deductible stock-based compensation	20.4		24.9		7.6
Stock compensation windfall / shortfall	(35.4)		(22.4)		(39.4)
Research and development tax credit benefit	(22.1)		(19.8)		(23.5)
Closure of income tax audits and changes in uncertain tax positions	—		(2.0)		(12.7)
Tax effect of officer compensation in excess of $1.0 million	4.6		3.4		5.0
Non-deductible expenses	2.3		5.4		1.5
Global intangible low-taxed income, foreign derived intangible income	(65.0)		—		—
Other	4.2		0.5		(0.6)
Income tax provision (benefit)	$	(661.5)	$	80.3	$	38.1

Components of Deferred Tax Assets and Liabilities

Significant components of Autodesk’s deferred tax assets and liabilities are as follows:

	January 31,
	2021		2020
Stock-based compensation	$	39.0	$	32.8
Research and development tax credit carryforwards	220.4		263.4
Foreign tax credit carryforwards	69.9		253.9
Accrued compensation and benefits	3.4		3.4
Other accruals not currently deductible for tax	14.1		28.4
Purchased technology and capitalized software	48.2		37.7
Fixed assets	8.1		11.6
Lease liability	114.2		106.4
Tax loss carryforwards	65.5		241.2
Deferred revenue	501.5		29.2
Other	40.2		28.0
Total deferred tax assets	1,124.5		1,036.0
Less: valuation allowance	(186.5)		(883.4)
Net deferred tax assets	938.0		152.6
Indefinite lived intangibles	(83.1)		(76.5)
Right-of-use assets	(101.6)		(101.3)
Unremitted earnings of foreign subsidiaries	(1.6)		(0.9)
Total deferred tax liabilities	(186.3)		(178.7)
Net deferred tax assets (liabilities)	$	751.7	$	(26.1)

Unrecognized Tax Benefits Reconciliation

A reconciliation of the beginning and ending amount of the gross unrecognized tax benefits is as follows:

	Fiscal Year Ended January 31,
	2021		2020		2019
Gross unrecognized tax benefits at the beginning of the fiscal year	$	220.6	$	209.0	$	337.6
Increases for tax positions of prior years	12.7		2.8		7.9
Decreases for tax positions of prior years	(41.1)		(0.4)		(146.3)
Increases for tax positions related to the current year	6.4		11.1		10.3
Decreases relating to settlements with taxing authorities	—		—		—
Reductions as a result of lapse of the statute of limitations	(0.6)		(1.9)		(0.5)
Gross unrecognized tax benefits at the end of the fiscal year	$	198.0	$	220.6	$	209.0