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Financial Instruments (Tables)
 3 Months Ended
Apr. 30, 2022
Investments, All Other Investments [Abstract]  
Schedule of Cost and Fair Value of Financial Instruments Disclosure
The following tables summarize the Company's financial instruments' by significant investment category as of April 30, 2022, and January 31, 2022:
April 30, 2022
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$531 $— $— $531 
Commercial paper 117 — — 117 
U.S. government securities20 — — 20 
Agency discount notes8 — — 8 
Other (2)8 — — 8 
Marketable securities:
Short-term
Corporate debt securities28 — — 28 
Asset backed securities20 — — 20 
Certificates of deposit10 — — 10 
Commercial paper6 — — 6 
Other (3)1 2 — 3 
Long-term
Corporate debt securities39 — — 39 
Mutual funds (4) (5)78 8 (1)85 
Convertible debt securities (5) 3 — — 3 
Total$869 $10 $(1)$878 
___________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Consists of custody cash deposits, sovereign bonds, asset backed securities, and certificates of deposit.
(3)Consists of common stock and municipal bonds.
(4)See Note 12, “Deferred Compensation” for more information.
(5)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.
January 31, 2022
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$302 $— $— $302 
Commercial paper55 — — 55 
U.S government securities25 — — 25 
Custody cash deposit18 — — 18 
Corporate debt securities18 — — 18 
Certificates of deposit6 — — 6 
Other (2)4 — — 4 
Marketable securities:
Short-term
Commercial paper103 — — 103 
Corporate debt securities61 — — 61 
Asset backed securities 26 — — 26 
Certificate of deposit14 — — 14 
U.S. government securities 13 — — 13 
Municipal bonds11 — — 11 
Common Stock— 4 — 4 
Other (3)4 — — 4 
Long-term
Corporate debt securities44 — — 44 
Other (4)1 — — 1 
Mutual funds (5) (6)74 16 (1)89 
Total$779 $20 $(1)$798 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Consists of sovereign bonds and municipal bonds.
(3)Consists of sovereign bonds and supranational bonds.
(4)Consists of asset backed securities.
(5)See Note 12, “Deferred Compensation” for more information.
(6)Included in “Prepaid expenses and other current assets,” or “Long-term other assets,” in the accompanying Condensed Consolidated Balance Sheets.
The following tables summarize the Company's financial instruments measured at fair value on a recurring basis by significant investment category as of April 30, 2022, and January 31, 2022:
 
April 30, 2022
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$531 $— $— $531 
Commercial paper — 117 — 117 
U.S. government securities— 20 — 20 
Agency discount notes— 8 — 8 
Other (2)3 5 — 8 
Marketable securities:
Short-term
Corporate debt securities— 28 — 28 
Asset backed securities— 20 — 20 
Certificates of deposit— 10 — 10 
Commercial paper— 6 — 6 
Other (3)2 1 — 3 
Long-term
Corporate debt securities— 39 — 39 
Long-term other assets:
Mutual funds (4) (5)85 — — 85 
Convertible debt securities — — 3 3 
Derivative assets (5):
Derivative contract assets— 94 — 94 
Strategic investments derivative assets — — 2 2 
Derivative liabilities (6):
Derivative contract liabilities— (20)— (20)
Total$621 $328 $5 $954 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Consists of custody cash deposits, sovereign bonds, asset backed securities, and certificates of deposit.
(3)Consists of common stock and municipal bonds.
(4)See Note 12, “Deferred Compensation” for more information.
(5)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets.
(6)Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.
January 31, 2022
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$302 $— $— $302 
Commercial paper— 55 — 55 
U.S government securities— 25 — 25 
Custody cash deposit18 — — 18 
Corporate debt securities — 18 — 18 
Certificates of deposit— 6 — 6 
Other (2)— 4 — 4 
Marketable securities:
Short-term
Commercial paper— 103 — 103 
Corporate debt securities— 61 — 61 
Asset backed securities — 26 — 26 
Certificate of deposit— 14 — 14 
U.S. government securities — 13 — 13 
Municipal bonds— 11 — 11 
Common Stock4 — — 4 
Other (3)— 4 — 4 
Long-term
Corporate debt securities— 44 — 44 
Other (4)— 1 — 1 
Long-term other assets:
Mutual funds (5) (6)89 — — 89 
Derivative assets:
Derivative contract assets (6)— 18 — 18 
Derivative liabilities:
Derivative contract liabilities (7)— (11)— (11)
Total$413 $392 $— $805 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Consists of sovereign bonds and municipal bonds.
(3)Consists of sovereign bonds and supranational bonds.
(4)Consists of asset backed securities.
(5)See Note 12, “Deferred Compensation” for more information.
(6)Included in “Prepaid expenses and other current assets,” or “Long-term other assets,” in the accompanying Condensed Consolidated Balance Sheets.
(7)Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.
Schedule of Investments Classified by Contractual Maturity Date
The following table summarizes the fair values of investments classified as marketable debt securities by contractual maturity date as of April 30, 2022:
Fair Value
Due within 1 year$33 
Due in 1 year through 5 years71 
Total
$104 
Schedule of marketable securities Proceeds from the sale and maturity of marketable debt securities were as follows:
Three Months Ended April 30,
20222021
Marketable debt securities$202 $4 
Schedule of Equity Securities Without Readily Determinable Fair Value Adjustments to the carrying value of our strategic investment equity securities with no readily determined fair values measured using the measurement alternative are included in “Interest and other expense, net” on the Company's Condensed Consolidated Statements of Operations. These adjustments were as follows:
 Three Months Ended April 30,Cumulative Amount as of
20222021April 30, 2022
Upward adjustments$— $1 $23 
Negative adjustments, including impairments (2)(4)(79)
Net adjustments$(2)$(3)$(56)
Schedule of Available-for-sale Securities Reconciliation
A reconciliation of the change in Autodesk’s Level 3 items for the three months ended April 30, 2022, is as follows:
Fair Value Measurements Using
Significant Unobservable Inputs (Level 3)
Derivative ContractConvertible Debt SecuritiesTotal
Balances, January 31, 2022$— $— $— 
Purchases235 
Balances, April 30, 2022$2 $3 $5