XML 30 R21.htm IDEA: XBRL DOCUMENT v3.23.3
Derivative Instruments
 9 Months Ended
Oct. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Derivative Instruments
The fair values of derivative instruments in Autodesk’s Condensed Consolidated Balance Sheets were as follows as of October 31, 2023, and January 31, 2023:
 Balance Sheet LocationFair Value at
October 31, 2023January 31, 2023
Derivative Assets
Foreign currency contracts designated as cash flow hedges
Prepaid expenses and other current assets$23 $9 
Derivatives not designated as hedging instrumentsPrepaid expenses and other current assets4 5 
Total derivative assets$27 $14 
Derivative Liabilities
Foreign currency contracts designated as cash flow hedges
Other accrued liabilities$14 $20 
Derivatives not designated as hedging instrumentsOther accrued liabilities4 11 
Total derivative liabilities$18 $31 

The effects of derivatives designated as hedging instruments on Autodesk’s Condensed Consolidated Statements of Operations were as follows for the three and nine months ended October 31, 2023 and 2022 (amounts presented include any income tax effects):
Three Months Ended October 31,Nine Months Ended October 31,
2023202220232022
Amount of gain (loss) recognized in accumulated other comprehensive income, net of tax, (effective portion)
$4 $26 $(22)$99 
Amount and location of gain (loss) reclassified from accumulated other comprehensive loss into income (effective portion)
Net revenue$14 $19 $51 $36 
Cost of revenue— (1)— (3)
Operating expenses(2)(8)1 (18)
Total$12 $10 $52 $15 

The amount and location of (loss) gain recognized in net income of derivatives not designated as hedging instruments on Autodesk’s Condensed Consolidated Statements of Operations were as follows for the three and nine months ended October 31, 2023 and 2022, (amounts presented include any income tax effects):
 Three Months Ended October 31,Nine Months Ended October 31,
2023202220232022
Interest and other expense, net$(2)$4 $5 $34 

Foreign currency contracts designated as cash flow hedges

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 $1.08 billion at October 31, 2023, and $934 million at January 31, 2023. 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 $42 million remaining in “Accumulated other comprehensive loss” as of October 31, 2023, 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, 2023 and 2022:

Three Months Ended October 31, 2023
Net revenueCost of revenueOperating expenses
Subscription revenue Maintenance revenueCost of subscription and maintenance revenueMarketing and salesResearch and developmentGeneral and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations$1,314$12$94$439$339$165
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$14$—$—$(1)$—$(1)

Nine Months Ended October 31, 2023


Net revenueCost of revenueOperating expenses


Subscription revenue Maintenance RevenueCost of subscription and maintenance revenueMarketing and salesResearch and developmentGeneral 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

$3,777

$40

$285

$1,344

$1,021

$438













Gain on cash flow hedging relationships in Subtopic ASC 815-20












Foreign exchange contracts












Amount of gain reclassified from accumulated other comprehensive income into income

$51

$—

$—

$—

$—

$1
Three Months Ended October 31, 2022
Net RevenueCost of revenueOperating expenses
Subscription RevenueMaintenance RevenueCost of subscription and maintenance revenueMarketing and salesResearch and developmentGeneral and administrative
Total amounts of income and expense line items presented in the condensed consolidated statements of operations$1,188$16$86$454$311$129
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$19$—$(1)$(4)$(2)$(2)
Nine Months Ended October 31, 2022
Net revenueCost of revenueOperating expenses
Subscription revenue Maintenance RevenueCost of subscription and maintenance revenueMarketing and salesResearch and developmentGeneral 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
$3,437$51$253$1,306$906$377
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$36$—$(3)$(9)$(4)$(5)

Derivatives not designated as hedging instruments
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 $48 million at October 31, 2023, and $951 million at January 31, 2023.