Autodesk 2016 Annual Report Download - page 177

2016 Form 10-K 105
The estimated amounts that will be amortized from AOCI into net periodic benefit cost over the next fiscal year for the
qualified defined benefit pension plans are as follows:
Pension
Benefits
Amortization of prior service credit $ (0.1)
Amortization of the net loss 1.5
Total amortization $ 1.4
Assumptions
Weighted average actuarial assumptions used to determine costs for the plans for each period were as follows:
Fiscal Year Ended January 31,
2016 2015 2014
Discount rate 3.2% 3.3% 2.3%
Expected long-term rate of return on plan assets 3.8% 3.9% 1.9%
Rate of compensation increase 2.2% 2.2% 2.2%
The weighted-average expected long-term rate of return for the plan assets is 3.8%. The weighted-average expected long-
term rate of return on plan assets is based on the interest rates guaranteed under the insurance contracts, and the expected rate of
return appropriate for each category of assets weighted for the distribution within the diversified investment fund. The
assumptions used for the plans are based upon customary rates and practices for the location of the plans. Factors such as asset
class allocations, long-term rates of return (actual and expected), and results of periodic asset liability modeling studies are
considered when constructing the long-term rate of return assumption for our defined benefit pension plans.
Weighted average actuarial assumptions used to determine benefit obligations for the plans at the end of each period were
as follows:
Fiscal Year Ended January 31,
2016 2015 2014
Discount rate 2.2% 2.4% 2.2%
Rate of compensation increase 2.6% 1.2% 2.2%
In selecting the appropriate discount rate for the plans, the Company uses country-specific information, adjusted to reflect
the duration of the particular plan. The discount rate was based on highly rated long-term bond indexes and yield curves that
match the duration of the plan’s benefit obligations.
Defined Contribution Plans
Autodesk also provides defined contribution plans in certain foreign countries where required by statute. Autodesk’s
funding policy for foreign defined contribution plans is consistent with the local requirements in each country. Autodesk’s
contributions to these plans were $23.0 million in fiscal 2016, $23.5 million in fiscal 2015, and $22.3 million in fiscal 2014.
Other Plans
In addition, Autodesk offers a non-qualified deferred compensation plan to certain key employees whereby they may
defer a portion (or all) of their annual compensation until retirement or a different date specified by the employee in accordance
with terms of the plan. See Note 6, “Deferred Compensation,” for further discussion.
2016 Annual Report