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Derivative Instruments | 6 Months Ended
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Jul. 31, 2024
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 July 31, 2024, and January 31, 2024:
| Balance Sheet Location |  | Fair Value at
| July 31, 2024 |  | January 31, 2024
Derivative Assets |  |  |  |  |
Foreign currency contracts designated as cash flow hedges | Prepaid expenses and other current assets |  | $ | 7 |  |  | $ | 8 |
Derivatives not designated as hedging instruments | Prepaid expenses and other current assets |  | 5 |  |  | 13 |
Total derivative assets |  |  | $ | 12 |  |  | $ | 21 |
Derivative Liabilities |  |  |  |  |
Foreign currency contracts designated as cash flow hedges | Other accrued liabilities |  | $ | 5 |  |  | $ | 8 |
Derivatives not designated as hedging instruments | Other accrued liabilities |  | 5 |  |  | 7 |
Total derivative liabilities |  |  | $ | 10 |  |  | $ | 15 |
The effects of derivatives designated as hedging instruments on Autodesk’s Condensed Consolidated Statements of Operations were as follows for the three and six months ended July 31, 2024 and 2023 (amounts presented include any income tax effects):
| Three Months Ended July 31, |  | Six Months Ended July 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Amount of loss recognized in accumulated other comprehensive income, net of tax, (effective portion) | $ | (5) |  |  | $ | (13) |  |  | $ | (3) |  |  | $ | (26) |
Amount and location of gain (loss) reclassified from accumulated other comprehensive loss into income (effective portion) |  |  |  |  |  |  |
Net revenue | $ | 5 |  |  | $ | 17 |  |  | $ | 10 |  |  | $ | 37 |
Cost of revenue | — |  |  | — |  |  | — |  |  | — |
Operating expenses | (2) |  |  | 1 |  |  | (4) |  |  | 3 |
Total | $ | 3 |  |  | $ | 18 |  |  | $ | 6 |  |  | $ | 40 |
The amount and location of gains or losses 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 six months ended July 31, 2024 and 2023, (amounts presented include any income tax effects):
| Three Months Ended July 31, |  | Six Months Ended July 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Interest and other income (expense), net | $ | 1 |  |  | $ | 5 |  |  | $ | 1 |  |  | $ | 7 |
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 $1.61 billion at July 31, 2024, and $1.25 billion at January 31, 2024. 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 $20 million remaining in “Accumulated other comprehensive loss” as of July 31, 2024, 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 six months ended July 31, 2024 and 2023:
|  | Three Months Ended July 31, 2024
|  | 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 |  | $ | 1,408 |  | $ | 11 |  | $ | 100 |  | $ | 480 |  | $ | 368 |  | $ | 161
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 |  | $ | 5 |  | $ | — |  | $ | — |  | $ | (1) |  | $ | (1) |  | $ | —
|  | Six Months Ended July 31, 2024
|  | 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 |  | $ | 2,738 |  | $ | 22 |  | $ | 200 |  | $ | 949 |  | $ | 714 |  | $ | 316
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 |  | $ | 10 |  | $ | — |  | $ | — |  | $ | (2) |  | $ | (2) |  | $ | —
|  | Three Months Ended July 31, 2023
|  | 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 |  | $ | 1,270 |  | $ | 14 |  | $ | 95 |  | $ | 449 |  | $ | 355 |  | $ | 141
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 |  | $ | 17 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 1
|  | Six Months Ended July 31, 2023
|  | 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 |  | $ | 2,463 |  | $ | 28 |  | $ | 191 |  | $ | 905 |  | $ | 682 |  | $ | 273
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 |  | $ | 37 |  | $ | — |  | $ | — |  | $ | 1 |  | $ | — |  | $ | 2
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 $61 million at July 31, 2024, and $455 million at January 31, 2024.

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/815/tableOfContent + Details
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