
			October 31, 2021
			Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Level 1		Level 2		Level 3
Cash equivalents (1):
	Money market funds		$	1,016.8	$	—	$	—	$	1,016.8	$	1,016.8	$	—	$	—
	U.S. government securities		20.0		—		—		20.0		—		20.0		—


	Commercial paper		18.2		—		—		18.2		—		18.2		—

	Municipal bonds		5.0		—		—		5.0		—		5.0		—
	Other (2)		3.0		—		—		3.0		1.9		1.1		—

Marketable securities:
	Short-term

		Commercial paper	28.0		—		—		28.0		—		28.0		—
		Corporate debt securities	8.8		—		—		8.8		—		8.8		—
		Common stock	—		6.4		—		6.4		6.4		—		—







	Long-term

		Corporate debt securities	19.7		—		—		19.7		—		19.7		—



Mutual funds (3) (4)			71.7		24.6		—		96.3		96.3		—		—
Strategic investments derivative assets (4)			0.1		0.4		(0.3)		0.2		—		—		0.2
Derivative contract assets (4)			0.6		26.2		(0.1)		26.7		—		26.7		—
Derivative contract liabilities (5)			—		—		(7.8)		(7.8)		—		(7.8)		—
		Total	$	1,191.9	$	57.6	$	(8.2)	$	1,241.3	$	1,121.4	$	119.7	$	0.2


			January 31, 2021
			Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Level 1		Level 2		Level 3
Cash equivalents (1):


	Commercial paper		$	36.0	$	—	$	—	$	36.0	$	—	$	36.0	$	—


	Money market funds		686.9		—		—		686.9		686.9		—		—


	Other (2)		4.4		—		—		4.4		4.0		0.4		—
Marketable securities:
	Short-term



		Other (3)	4.0		—		—		4.0		—		4.0		—


Mutual funds (4) (5)			64.5		16.5		—		81.0		81.0		—		—







Strategic investments derivative asset (5)			0.1		0.4		(0.3)		0.2		—		—		0.2
Derivative contract assets (5)			0.4		9.8		(0.4)		9.8		—		9.8		—
Derivative contract liabilities (6)			—		—		(17.5)		(17.5)		—		(17.5)		—
		Total	$	796.3	$	26.7	$	(18.2)	$	804.8	$	771.9	$	32.7	$	0.2

Autodesk applies fair value accounting for certain financial assets and liabilities, which consist of cash equivalents, marketable securities, and other financial instruments, on a recurring basis. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

As of both October 31, 2021, and January 31, 2021, Autodesk had no material unrealized losses, individually and in the aggregate, for marketable debt securities that are in a continuous unrealized loss position for greater than 12 months. Total unrealized gains for securities with net gains in accumulated other comprehensive income were not material for the nine months ended October 31, 2021.

Autodesk monitors all marketable debt securities for potential credit losses by reviewing indicators such as, but not limited to, current credit rating, change in credit rating, credit outlook, and default risk. There were no allowances for credit losses as of both October 31, 2021, and January 31, 2021. There were no write offs of accrued interest receivables for the nine months ended October 31, 2021 and 2020.

There was no realized gain or loss for the sales or redemptions of marketable debt securities during both the nine months ended October 31, 2021 and 2020. Realized gains and losses from the sales or redemptions of marketable debt securities are recorded in “Interest and other expense, net” on the Company's Condensed Consolidated Statements of Operations.

Proceeds from the sale and maturity of marketable debt securities for the three and nine months ended October 31, 2021, were none and $4.0 million, respectively. Proceeds from the sale and maturity of marketable debt securities for the three and nine months ended October 31, 2020, were $6.0 million and $17.0 million, respectively.

As of October 31, 2021, and January 31, 2021, Autodesk had $139.8 million and $134.1 million, respectively, in direct investments in privately held companies. These strategic investment equity securities do not have readily determined fair values, and Autodesk uses the measurement alternative to account for the adjustment to these investments in a given quarter. If Autodesk determines that an impairment has occurred, Autodesk writes down the investment to its fair value.

Adjustments to the carrying value of our strategic investment equity securities with no readily determined fair values measured using the measurement alternative were as follows:


	Nine Months Ended October 31,				Cumulative Amount as of
	2021		2020		October 31, 2021
Upward adjustments (1)	$	7.2	$	3.0	$	23.2
Negative adjustments, including impairments (1)	(10.5)		(36.2)		(71.1)
Net adjustments	$	(3.3)	$	(33.2)	$	(47.9)

During the three and nine months ended October 31, 2021, Autodesk recognized gains of none and $8.1 million on the disposition of strategic investment equity securities, respectively. There were no gains or losses recognized on the disposition of strategic investment equity securities for both the three and nine months ended October 31, 2020.

Autodesk uses foreign currency contracts to reduce the exchange rate impact on a portion of the net revenue or operating expense of certain anticipated transactions. These currency collars and forward contracts are designated and documented as cash flow hedges. The notional amounts of these contracts are presented net settled and were $941.3 million at October 31, 2021, and $1.14 billion at January 31, 2021. Outstanding contracts are recognized as either assets or liabilities on the Company's Condensed Consolidated Balance Sheet at fair value. The majority of the net gain of $14.2 million remaining in “Accumulated other comprehensive loss” as of October 31, 2021, is expected to be recognized into earnings within the next 24 months.

The location and amount of gain or loss recognized in income on cash flow hedges together with the total amount of income or expense presented in the Company's Condensed Consolidated Statements of Operations where the effects of the hedge are recorded were as follows for the three and nine months ended October 31, 2021 and 2020:


	Three Months Ended October 31, 2021
	Net revenue				Cost of revenue		Operating expenses
	Subscription revenue		Maintenance revenue		Cost of subscription and maintenance revenue		Marketing and sales		Research and development		General and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded	$	1,070.7	$	17.6	$	74.8	$	419.4	$	282.1	$	112.8

(Loss) on cash flow hedging relationships in Subtopic ASC 815-20
Foreign exchange contracts
Amount of (loss) reclassified from accumulated other comprehensive income into income	$	(3.0)	$	—	$	(0.3)	$	(1.0)	$	(0.3)	$	(0.5)

	Nine Months Ended October 31, 2021
	Net revenue				Cost of revenue		Operating expenses
	Subscription revenue		Maintenance Revenue		Cost of subscription and maintenance revenue		Marketing and sales		Research and development		General and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded	$	3,034.9	$	53.6	$	219.3	$	1,195.3	$	824.5	$	344.1

(Loss) on cash flow hedging relationships in Subtopic ASC 815-20
Foreign exchange contracts
Amount of (loss) reclassified from accumulated other comprehensive income into income	$	(12.4)	$	(1.2)	$	—	$	(0.4)	$	(0.5)	$	(0.1)


	Three Months Ended October 31, 2020
	Net Revenue				Cost of revenue		Operating expenses
	Subscription Revenue		Maintenance Revenue		Cost of subscription and maintenance revenue		Marketing and sales		Research and development		General and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded	$	884.4	$	39.8	$	60.7	$	359.3	$	233.0	$	98.8

Gain (loss) on cash flow hedging relationships in Subtopic ASC 815-20
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	$	(0.3)	$	0.1	$	0.4	$	1.6	$	0.3	$	0.7

	Nine Months Ended October 31, 2020
	Net revenue				Cost of revenue		Operating expenses
	Subscription revenue		Maintenance Revenue		Cost of subscription and maintenance revenue		Marketing and sales		Research and development		General and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations in which the effects of cash flow hedges are recorded	$	2,528.6	$	153.1	$	176.6	$	1,051.5	$	682.9	$	296.8

Gain (loss) on cash flow hedging relationships in Subtopic ASC 815-20
Foreign exchange contracts
Amount of gain (loss) reclassified from accumulated other comprehensive income into income	$	3.4	$	0.7	$	0.1	$	0.3	$	0.2	$	0.1

During the fiscal quarter ended October 31, 2021, Autodesk entered into interest rate lock arrangements to mitigate the risk of changes in interest rates prior to completion of a debt offering. The interest rate locks hedged the cash flow risk for each of the interest payments on the planned fixed-rate debt issue. The interest rate lock hedges were terminated in October 2021 in connection with the debt offering completed in that month. See Note 14, “Borrowing Arrangements,” for further discussion. The aggregate fair value of the terminated interest rate lock hedges, net of tax, in the amount of $4.0 million have been classified as an increase to accumulated other comprehensive income and will be amortized as a reduction to interest expense over the term of the related debt issuance. The Company had cash inflows of $4.0 million in the fiscal quarter ended October 31, 2021, associated with the termination of the interest rate lock arrangements, included in “Other financing activities” in our Condensed Consolidated Statement of Cash Flows.

Autodesk uses foreign currency contracts that are not designated as hedging instruments to reduce the exchange rate risk associated primarily with foreign currency denominated receivables, payables, and cash. The notional amounts of these foreign currency contracts are presented net settled and were $71.2 million at October 31, 2021, and $434.5 million at January 31, 2021.


	Balance Sheet Location	Fair Value at
		October 31, 2021		January 31, 2021
Derivative Assets
Foreign currency contracts designated as cash flow hedges	Prepaid expenses and other current assets	$	18.2	$	4.7
Derivatives not designated as hedging instruments	Prepaid expenses and other current assets and long-term other assets	8.7		5.3
Total derivative assets		$	26.9	$	10.0
Derivative Liabilities
Foreign currency contracts designated as cash flow hedges	Other accrued liabilities	$	5.9	$	16.5
Derivatives not designated as hedging instruments	Other accrued liabilities	1.9		1.0
Total derivative liabilities		$	7.8	$	17.5


	Three Months Ended October 31,				Nine Months Ended October 31,
	2021		2020		2021		2020
Amount of gain (loss) recognized in accumulated other comprehensive income on derivatives (effective portion)	$	14.7	$	6.7	$	24.6	$	(6.8)
Amount and location of (loss) gain reclassified from accumulated other comprehensive loss into income (effective portion)
Net revenue	$	(3.0)	$	(0.2)	$	(13.6)	$	4.1
Cost of revenue	(0.3)		0.4		—		0.1
Operating expenses	(1.8)		2.6		(1.0)		0.6
Total	$	(5.1)	$	2.8	$	(14.6)	$	4.8