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Financial Instruments (Tables)
 3 Months Ended
Apr. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Investment
The following tables summarize the Company's financial instruments by significant investment category as of April 30, 2023, and January 31, 2023:
April 30, 2023
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$576 $— $— $576 
Commercial paper 203 — — 203 
Certificates of deposit137 — — 137 
Other (2)20 — — 20 
Marketable securities:
Short-term
Commercial paper120 — — 120 
Corporate debt securities40 — — 40 
U.S. government securities33 — — 33 
Asset-backed securities21 — — 21 
Other (3)8 — — 8 
Long-term
Corporate debt securities74 1 (1)74 
U.S. government securities55 — — 55 
Asset-backed securities22 — — 22 
Agency mortgage backed securities19 — — 19 
Other (4)15 — — 15 
Mutual funds (5) (6)84 7 (1)90 
Convertible debt securities (6) 3 1 (2)2 
Total$1,430 $9 $(4)$1,435 
___________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Agency discount notes, sovereign bonds, mortgage-backed securities, municipal bonds, and asset-backed securities.
(3)Consists of mortgage-backed securities, agency discount notes, and agency mortgage-backed securities.
(4)Consists of agency bonds, agency collateralized mortgage obligations, mortgage-backed securities, and collateralized mortgage obligations.
(5)See Note 11, “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.
January 31, 2023
Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Cash equivalents (1):
Money market funds$737 $— $— $737 
Commercial paper169 — — 169 
Certificates of deposit35 — — 35 
U.S government securities13 — — 13 
Other (2)12 — — 12 
Marketable securities:
Short-term
Corporate debt securities44 — — 44 
Commercial paper42 — — 42 
Asset-backed securities 19 — — 19 
U.S. government securities 17 — — 17 
Other (3)3 — — 3 
Long-term
Corporate debt securities45 — — 45 
U.S. government securities35 — — 35 
Asset backed securities13 — — 13 
Other (4)9 — — 9 
Mutual funds (5) (6)81 6 (1)86 
Convertible debt securities (6)3 1 (2)2 
Strategic investments derivative asset (6)2 — (2)— 
Total$1,279 $7 $(5)$1,281 
____________________ 
(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, agency discount notes, municipal bonds, corporate debt securities, asset-backed securities, and mortgage-backed securities.
(3)Consists of mortgage-backed securities, agency mortgage-backed securities, common stock, and agency collateralized mortgage obligations.
(4)Consists of agency mortgage-backed securities, agency bonds, agency collateralized mortgage obligations, mortgage-backed securities, and collateralized mortgage obligations.
(5)See Note 11, “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.
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, 2023:
Fair Value
Due within 1 year$191 
Due in 1 year through 5 years197 
Due in 5 years through 10 years8 
Due after 10 years11 
Total
$407 
Schedule of Marketable Securities Proceeds from the sale and maturity of marketable debt securities were as follows:
Three Months Ended April 30,
20232022
Marketable debt securities$163 $202 
Schedule of Equity Securities Without Readily Determinable Fair Value Adjustments to the carrying value of our strategic investment equity securities with no readily determined fair values measured using the measurement alternative are included in “Interest and other income (expense), net” on the Company's Condensed Consolidated Statements of Operations. These adjustments were as follows:
 Three Months Ended April 30,Cumulative Amount as of
20232022April 30, 2023
Upward adjustments$— $— $29 
Negative adjustments, including impairments — (2)(86)
Net unrealized adjustments$— $(2)$(57)
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, 2023, is as follows:
Fair Value Measurements Using
Significant Unobservable Inputs (Level 3)
Derivative ContractConvertible Debt SecuritiesTotal
Balances, January 31, 2023
$— $2 $2 
Gain included in earnings1 — 1 
Balances, April 30, 2023
$1 $2 $3 
Fair Value, by Balance Sheet Grouping
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, 2023, and January 31, 2023:  
April 30, 2023
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$576 $— $— $576 
Commercial paper — 203 — 203 
Certificates of deposit— 137 — 137 
Other (2)— 20 — 20 
Marketable securities:
Short-term
Commercial paper— 120 — 120 
Corporate debt securities— 40 — 40 
U.S. government securities— 33 — 33 
Asset-backed securities— 21 — 21 
Other (3)— 8 — 8 
Long-term
Corporate debt securities— 74 — 74 
U.S. government securities— 55 — 55 
Asset-backed securities— 22 — 22 
Agency mortgage backed securities— 19 — 19 
Other (4)— 15 — 15 
Long-term other assets:
Mutual funds (5)(6)90 — — 90 
Convertible debt securities (6)— — 2 2 
Derivative assets:
Derivative contract assets (6)— 14 — 14 
Strategic investments derivative assets (6)— — 1 1 
Derivative liabilities:
Derivative contract liabilities (7)— (17)— (17)
Total$666 $764 $3 $1,433 
____________________ 
(1)Included in “Cash and cash equivalents” in the accompanying Condensed Consolidated Balance Sheets. These investments are classified as debt securities.
(2)Agency discount notes, sovereign bonds, mortgage-backed securities, municipal bonds, and asset-backed securities.
(3)Consists of mortgage-backed securities, agency discount notes, and agency mortgage-backed securities.
(4)Consists of agency bonds, agency collateralized mortgage obligations, mortgage-backed securities, and collateralized mortgage obligations.
(5)See Note 11, “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.
January 31, 2023
Level 1Level 2Level 3Total
Assets:
Cash equivalents (1):
Money market funds$737 $— $— $737 
Commercial paper— 169 — 169 
Certificates of deposit— 35 — 35 
U.S government securities— 13 — 13 
Other (2)4 8 — 12 
Marketable securities:
Short-term
Corporate debt securities— 44 — 44 
Commercial paper— 42 — 42 
Asset backed securities — 19 — 19 
U.S. government securities — 17 — 17 
Other (3)— 3 — 3 
Long-term
Corporate debt securities— 45 — 45 
U.S. government securities— 35 — 35 
Asset backed securities— 13 — 13 
Other (4)— 9 — 9 
Long-term other assets:
Mutual funds (5) (6)86 — — 86 
Convertible debt securities (6)— — 2 2 
Derivative assets:
Derivative contract assets (6)— 14 — 14 
Derivative liabilities:
Derivative contract liabilities (7)— (31)— (31)
Total$827 $435 $2 $1,264 
____________________ 
(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, agency discount notes, municipal bonds, corporate debt securities, asset-backed securities, and mortgage-backed securities.
(3)Consists of mortgage-backed securities, agency mortgage-backed securities, common stock, and agency collateralized mortgage obligations.
(4)Consists of agency mortgage-backed securities, agency bonds, agency collateralized mortgage obligations, mortgage-backed securities, and collateralized mortgage obligations.
(5)See Note 11, “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.