Autodesk 2009 Annual Report Download - page 162

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AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
The following table summarizes the valuation of Autodesk’s investments and financial instruments, which
were determined by fair value hierarchy at January 31, 2009:
Fair Value Measurements
at January 31, 2009 Using
Quoted Prices
in Active
Markets for
Identical Assets
Significant
Other
Observable
Inputs
Significant
Unobservable
Inputs
Total(Level 1) (Level 2) (Level 3)
Assets
Cash equivalents(1):
Term deposits .............................. $— $340.0 $ — $340.0
Money market funds ......................... — 63.5 — 63.5
US Treasury bills ........................... 25.0 — — 25.0
Agencies .................................. 55.0 — — 55.0
Commercial paper .......................... — 206.1 — 206.1
Marketable securities:
Money market funds ......................... — — 33.3 33.3
Mutual funds ............................... 19.9 — — 19.9
Bank time deposits .......................... — 10.3 — 10.3
Taxable auction-rate securities . . . . . . . . . . . . . . . . . — — 7.6 7.6
Foreign currency derivative contracts(2) . . . . . . . . . . . . . — 2.1 — 2.1
Total ..................................... $99.9 $622.0 $40.9 $762.8
(1) Included in “Cash and cash equivalents” in the accompanying Consolidated Balance Sheets.
(2) Included in “Prepaid expenses and other current assets” in the accompanying Consolidated Balance Sheets.
Autodesk’s cash equivalents and marketable securities are primarily classified within Level 1 or Level 2 of the
fair value hierarchy because they are valued primarily using quoted market prices, or alternative pricing sources and
models utilizing market observable inputs with reasonable levels of price transparency. A reconciliation of the
change in Autodesk’s Level 3 items for the fiscal year ended January 31, 2009 was as follows:
Fair Value Measurements Using
(Level 3)
Money Market
Funds
Taxable
Auction-Rate
Securities Total
BalanceatJanuary31,2008 ..................................... $ — $8.4 $ 8.4
Transfers in to Level 3 ...................................... 106.4 — 106.4
Transfers out of Level 3 .................................... (68.6) — (68.6)
Total gains or losses (realized/unrealized):
Included in “Accumulated other comprehensive income
(loss)” ............................................ — 0.6 0.6
Included in “Interest and other income (expense), net” ........ (4.5) (1.4) (5.9)
Balance at January 31, 2009 ................................. $ 33.3 $ 7.6 $ 40.9
The amount of total gains or losses for the period included in “Interest and
other income (expense), net” attributable to the change in unrealized
gains or losses related to assets still held at the reporting date ......... $ (4.5) $(1.4) $ (5.9)
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