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Financial Instruments (Tables) | 9 Months Ended
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Oct. 31, 2021
Investments, All Other Investments [Abstract] |
Schedule of Financial Instruments' Amortized Cost, Gross Unrealized Gains, Gross Unrealized Losses, and Fair Value by Significant Investment Category | The following tables summarize the Company's financial instruments' amortized cost, gross unrealized gains, gross unrealized losses, and fair value by significant investment category as of October 31, 2021, and January 31, 2021:
|  |  | 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 |
____________________ (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, corporate debt securities, and certificates of deposit. (3)See Note 12, “Deferred Compensation” for more information. (4)Included in “Prepaid expenses and other current assets” or “Long-term other assets” in the accompanying Condensed Consolidated Balance Sheets. (5)Included in “Other accrued liabilities” in the accompanying Condensed Consolidated Balance Sheets.
|  |  | 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 |
____________________ (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 and certificates of deposit. (3)Consists of commercial paper 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.
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 October 31, 2021:
| Fair Value
Due within 1 year | $ | 36.8 |
Due in 1 year through 5 years | 19.7
Total | $ | 56.5 |
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 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) |  |  |  |  |
____________________ (1)Included in “Interest and other expense, net” on the Company's Condensed Consolidated Statements of Operations.
Schedule of Location and Amount of Gain or (Loss) Recognized | 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
Schedule of Fair Values of Derivative Instruments | The fair values of derivative instruments in Autodesk’s Condensed Consolidated Balance Sheets were as follows as of October 31, 2021, and 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 |
Schedule of Derivatives Designated as Hedging Instruments | 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, 2021 and 2020 (amounts presented include any income tax effects):
| 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 |
The effects 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, 2021 and 2020 (amounts presented include any income tax effects):
| Three Months Ended October 31, |  | Nine Months Ended October 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
Amount and location of (loss) gain recognized on derivatives in net income |  |  |  |  |  |  |
Interest and other expense, net | $ | 5.9 |  |  | $ | (0.8) |  |  | $ | 11.1 |  |  | $ | (6.2) |

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