Income Taxes (Tables)

12 Months Ended

Jan. 31, 2024

The provision for income taxes consists of the following:


	Fiscal year ended January 31,
	2024		2023		2022
Federal:
Current	$	86	$	219	$	(1)
Deferred	(97)		(222)		(5)
State:
Current	21		28		2
Deferred	3		(19)		1
Foreign:
Current	206		151		83
Deferred	11		(34)		(12)
Income tax provision	$	230	$	123	$	68

Schedule of Differences Between The U.S. Statutory Rate and The Aggregate Income Tax Provision

The differences between the U.S. statutory rate and the aggregate income tax provision are as follows:


	Fiscal year ended January 31,
	2024		2023		2022
Income tax provision at U.S. Federal statutory rate	$	239	$	199	$	119
State income tax benefit, net of the U.S. Federal benefit	24		(3)		2
Foreign income taxed at rates different from the U.S. statutory rate	(12)		22		(25)
Valuation allowance adjustment	1		(38)		—
Tax effect of non-deductible stock-based compensation	38		34		32
Stock compensation (windfall) / shortfall	2		10		(43)
Research and development tax credit benefit	(17)		(12)		(19)
Closure of income tax audits and changes in uncertain tax positions	13		11		—
Tax effect of officer compensation in excess of $1 million	8		10		7
Non-deductible expenses	2		1		5
Global intangible low-taxed income, foreign derived intangible income	(39)		(106)		24
India withholding tax refund	—		—		(44)
Acquisition-related integrations	(29)		(2)		9
Other	—		(3)		1
Income tax provision	$	230	$	123	$	68

Schedule of Components of Deferred Tax Assets and Liabilities

Significant components of Autodesk’s deferred tax assets and liabilities are as follows:


	January 31,
	2024		2023
Stock-based compensation	$	53	$	54
Research and development tax credit carryforwards	118		103
Foreign tax credit carryforwards	4		—
Accrued compensation and benefits	11		7
Other accruals not currently deductible for tax	15		26
Capitalized research and development	514		340
Fixed assets	21		22
Lease liability	80		92
Tax loss carryforwards	10		38
Deferred revenue	538		653
Purchased technology	33		(26)
Other	31		23
Total deferred tax assets	1,428		1,332
Less: valuation allowance	(149)		(148)
Net deferred tax assets	1,279		1,184
Indefinite lived intangibles	(128)		(109)
Right-of-use assets	(52)		(58)
Unremitted earnings of foreign subsidiaries	—		(2)
Deferred taxes on foreign earnings	(29)		(33)
Total deferred tax liabilities	(209)		(202)
Net deferred tax assets	$	1,070	$	982

Schedule of Unrecognized Tax Benefits Reconciliation

A reconciliation of the beginning and ending amount of the gross unrecognized tax benefits is as follows:


	Fiscal Year Ended January 31,
	2024		2023		2022
Gross unrecognized tax benefits at the beginning of the fiscal year (1)	$	238	$	217	$	198
Increases for tax positions of prior years (1)	23		9		9
Decreases for tax positions of prior years (1)	(11)		(3)		—
Increases for tax positions related to the current year (1)	13		21		10
Decreases relating to settlements with taxing authorities	—		(5)		—
Reductions as a result of lapse of the statute of limitations	(2)		(1)		—
Gross unrecognized tax benefits at the end of the fiscal year	$	261	$	238	$	217

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(1)During the year ended January 31, 2024, the Company corrected its presentation to remove correlative benefits related to certain transfer pricing matters. The above comparatives for fiscal 2023 and 2022 have been corrected to conform to the current period presentation. The effect of the change on the ending gross unrecognized tax benefits was $15 million in fiscal 2023 and $10 million in fiscal 2022.