Rendering

Component: (Network and Table)
Network
2302301 - Disclosure - Financial Instruments (Tables)
(http://www.usa.autodesk.com/role/FinancialInstrumentsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Investments, All Other Investments [Abstract]Period [Axis]
2016-02-01 - 2017-01-31
Investments, All Other Investments [Abstract]
 
Cost and Fair Value of Financial Instruments Disclosure
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 January 31, 2017 and 2016.
 
 
 
January 31, 2017
 
 
 
Amortized Cost
 
Gross unrealized gains
 
Gross unrealized losses
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Cash equivalents (1):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency bonds
$
6.0

 
$

 
$

 
$
6.0

 
$
6.0

 
$

 
$

 
Certificates of deposit
63.1

 

 

 
63.1

 
63.1

 

 

 
Commercial paper
207.4

 

 

 
207.4

 

 
207.4

 

 
Corporate debt securities
40.2

 

 

 
40.2

 
40.2

 

 

 
Custody cash deposit
3.2

 

 

 
3.2

 
3.2

 

 

 
Money market funds
256.5

 

 

 
256.5

 

 
256.5

 

 
Municipal bonds
5.0

 

 

 
5.0

 
5.0

 

 

 
Sovereign debt
15.0

 

 

 
15.0

 

 
15.0

 

 
U.S. government securities
309.5

 

 

 
309.5

 
309.5

 

 

Marketable securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Short-term available-for-sale
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency bonds
13.2

 

 

 
13.2

 
13.2

 

 

 
 
Asset backed securities
19.6

 

 

 
19.6

 

 
19.6

 

 
 
Certificates of deposit
157.3

 

 

 
157.3

 
157.3

 

 

 
 
Commercial paper
109.2

 

 

 
109.2

 

 
109.2

 

 
 
Corporate bonds
234.7

 

 
(0.2
)
 
234.5

 
234.5

 

 

 
 
Municipal bonds
43.4

 

 

 
43.4

 
43.4

 

 

 
 
Sovereign debt
30.0

 

 

 
30.0

 

 
30.0

 

 
 
U.S. government securities
32.3

 

 

 
32.3

 
32.3

 

 

 
Short-term trading securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mutual funds
44.8

 
2.5

 

 
47.3

 
47.3

 

 

 
Long-term available-for-sale
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency bonds
7.1

 

 

 
7.1

 
7.1

 

 

 
 
Asset backed securities
65.8

 
0.1

 

 
65.9

 

 
65.9

 

 
 
Corporate bonds
172.1

 
0.1

 
(0.1
)
 
172.1

 
172.1

 

 

 
 
Municipal bonds
10.7

 

 

 
10.7

 
10.7

 

 

 
 
Sovereign debt
1.5

 

 

 
1.5

 

 
1.5

 

 
 
U.S. government securities
48.8

 
0.1

 

 
48.9

 
48.9

 

 

Convertible debt securities (2)
4.9

 
2.3

 
(1.6
)
 
5.6

 

 

 
5.6

Derivative contracts (3)
2.2

 
12.3

 
(11.7
)
 
2.8

 

 
1.5

 
1.3

 
 
Total
$
1,903.5

 
$
17.4

 
$
(13.6
)
 
$
1,907.3

 
$
1,193.8

 
$
706.6

 
$
6.9

____________________ 
(1)
Included in “Cash and cash equivalents” in the accompanying Consolidated Balance Sheets.
(2)
Considered "available for sale" and included in "Other assets" in the accompanying Consolidated Balance Sheets.
(3)
Included in “Prepaid expenses and other current assets,” "Other assets," or “Other accrued liabilities” in the accompanying Consolidated Balance Sheets.
 
 
 
 
January 31, 2016
 
 
 
Amortized Cost
 
Gross unrealized gains
 
Gross unrealized losses
 
Fair Value
 
Level 1
 
Level 2
 
Level 3
Cash equivalents (1):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency bonds
$
8.5

 
$

 
$

 
$
8.5

 
$
8.5

 
$

 
$

 
Certificates of deposit
267.6

 

 

 
267.6

 
267.6

 

 

 
Commercial paper
106.6

 

 

 
106.6

 

 
106.6

 

 
Custody cash deposit
2.1

 

 

 
2.1

 
2.1

 

 

 
Money market funds
382.4

 

 

 
382.4

 

 
382.4

 

 
Municipal bonds
5.0

 

 

 
5.0

 
5.0

 

 

 
U.S. government securities
103.0

 

 

 
103.0

 
103.0

 

 

Marketable securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Short-term available-for-sale
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency bonds
40.0

 

 
(0.1
)
 
39.9

 
39.9

 

 

 
 
Asset backed securities
7.3

 

 

 
7.3

 

 
7.3

 

 
 
Certificates of deposit
190.3

 

 

 
190.3

 
190.3

 

 

 
 
Commercial paper
141.1

 

 

 
141.1

 

 
141.1

 

 
 
Corporate debt securities
377.1

 
0.1

 
(0.3
)
 
376.9

 
376.9

 

 

 
 
Municipal bonds
9.7

 

 

 
9.7

 
9.7

 

 

 
 
Sovereign debt
20.1

 

 

 
20.1

 

 
20.1

 

 
 
U.S. government securities
74.6

 

 

 
74.6

 
74.6

 

 

 
Short-term trading securities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mutual funds
38.8

 
0.4

 
(1.2
)
 
38.0

 
38.0

 

 

 
Long-term available-for-sale
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency bonds
56.8

 
0.1

 

 
56.9

 
56.9

 

 

 
 
Asset backed securities
36.5

 
0.1

 

 
36.6

 

 
36.6

 

 
 
Corporate debt securities
320.9

 
0.3

 
(0.8
)
 
320.4

 
320.4

 

 

 
 
Municipal bonds
2.9

 

 

 
2.9

 
2.9

 

 

 
 
Sovereign debt
16.9

 

 

 
16.9

 

 
16.9

 

 
 
U.S. government securities
98.4

 
0.3

 
(0.1
)
 
98.6

 
98.6

 

 

Convertible debt securities (2)
2.5

 
2.0

 
(1.1
)
 
3.4

 

 

 
3.4

Derivative contracts (3)
1.5

 
7.8

 
(7.4
)
 
1.9

 

 
1.6

 
0.3

 
 
Total
$
2,310.6

 
$
11.1

 
$
(11.0
)
 
$
2,310.7

 
$
1,594.4

 
$
712.6

 
$
3.7

____________________ 
(1)
Included in “Cash and cash equivalents” in the accompanying Consolidated Balance Sheets.
(2)
Considered "available for sale" securities and included in "Other assets" in the accompanying Consolidated Balance Sheets.
(3)
Included in “Prepaid expenses and other current assets,” "Other assets," or “Other accrued liabilities” in the accompanying Consolidated Balance Sheets.
 
 
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
A reconciliation of the change in Autodesk’s Level 3 items for the fiscal year ended January 31, 2017 was as follows:
 
Fair Value Measurements Using
Significant Unobservable Inputs
 
(Level 3)
 
 
Derivative Contracts
 
Convertible Debt Securities
 
Total
Balances, January 31, 2016
 
$
0.3

 
$
3.4

 
$
3.7

Purchases
 
1.1

 
4.0

 
5.1

Settlements
 
(0.7
)
 
(1.7
)
 
(2.4
)
Gains (losses) included in earnings
 
0.6

 
0.1

 
0.7

Gains included in OCI
 

 
(0.2
)
 
(0.2
)
Balances, January 31, 2017
 
$
1.3

 
$
5.6

 
$
6.9



 
 
Available-for-sale Securities
The following table summarizes the estimated fair value of Autodesk's “available-for-sale securities” classified by the contractual maturity date of the security:
 
January 31, 2017
 
Cost
 
Fair Value
Due within in 1 year
$
635.6

 
$
635.9

Due in 1 year through 5 years
305.4

 
305.8

Due in 5 years through 10 years
2.6

 
2.6

Due after 10 years
7.0

 
7.0

Total
$
950.6

 
$
951.3

 
 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The fair value of derivative instruments in Autodesk’s Consolidated Balance Sheets were as follows as of January 31, 2017 and January 31, 2016:
 
Balance Sheet Location
 
Fair Value at
 
January 31, 2017
 
January 31, 2016
Derivative Assets
 
 
 
 
 
Foreign currency contracts designated as cash flow hedges
Prepaid expenses and other current assets
 
$
10.1

 
$
3.4

Derivatives not designated as hedging instruments
Prepaid expenses and other current assets and Other assets
 
3.2

 
4.9

Total derivative assets
 
 
$
13.3

 
$
8.3

Derivative Liabilities
 
 
 
 
 
Foreign currency contracts designated as cash flow hedges
Other accrued liabilities
 
$
4.5

 
$
3.4

Derivatives not designated as hedging instrument
Other accrued liabilities
 
6.0

 
3.0

Total derivative liabilities
 
 
$
10.5

 
$
6.4



 
 
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The effects of derivatives designated as hedging instruments on Autodesk’s Consolidated Statements of Operations were as follows for the fiscal years ended January 31, 2017, 2016, and 2015, respectively (amounts presented include any income tax effects):
 
Foreign Currency Contracts
 
Fiscal Year Ended January 31,
 
2017
 
2016
 
2015
Amount of gain recognized in accumulated other comprehensive income on derivatives (effective portion)
$
6.3

 
$
2.2

 
$
46.4

Amount and location of gain reclassified from accumulated other comprehensive income into income (effective portion)
 
 
 
 
 
Net revenue
$
9.2

 
$
39.8

 
$
10.5

Operating expenses
(1.8
)
 
(10.5
)
 
(3.5
)
Total
$
7.4

 
$
29.3

 
$
7.0

Amount and location of (loss) gain recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)
 
 
 
 
 
Interest and other expense, net
$
(0.3
)
 
$
(0.7
)
 
$
0.9


The effects of derivatives not designated as hedging instruments on Autodesk’s Consolidated Statements of Operations were as follows for the fiscal years ended January 31, 2017, 2016, and 2015, respectively (amounts presented include any income tax effects):
 
Fiscal Year Ended January 31,
 
2017
 
2016
 
2015
Amount and location of (loss) gain recognized in income on derivatives
 
 
 
 
 
Interest and other expense, net
$
(11.1
)
 
$
(1.7
)
 
$
(25.5
)