A family of Microsoft word processing software products for creating web, email, and print documents.
If you read any book about typography line spacing is defined as the sum of a font size and leading (see Wikipedia https://en.wikipedia.org/wiki/Leading) both are values in the unit points defined as 1/72 inch due to typographic history and completely independent for a certain font design. The result always is an exact decimal value. A kind of "Arial line spacing" or "Minion line spacing" doesn't exist. The leading is not part of the font design. The only indirect line spacing feature as part of a font design is, that a 10pt Arial compared to 10pt Times New Roman need not to give the identical size impression (the visual glyph sizes need no to be identical). But the line spacing defined as font size + leading i.e. 10 +2 = 12 must be the exact value independent from the chosen font, otherwise a typographic designer wouldn't be able to design so called line grids (http://thinkingwithtype.com/grid/) for books using different fonts.
But the best esthetic line spacing is dependent from the chosen font and the used fon sizes, yes that's true. But a line spacing value of 1, 1.22 etc. is an exact decimal number. To combine this exact number with obscure dynamic factors derived from a certain font (which factors?) contradicts to an intuitive usability concept: So at least this line spacing should be called "Microsoft automatic" then I immediately know this is a kind of an implemented bug, like all other features in Word named with "auto..."
I must say this because all automatic Word features result in bugs because Microsoft never implement functions based on use cases but on statistical behaviors of customers (Example: if a customer uses a number at the beginning of a sentence this is because he wants to introduce a list, so let's automatically adjust a list style and a list format to this sentence). And Microsoft never tests implemented features against typical (very different) use cases. Otherwise they would have realized the side effects that all automatic features imply, at least if you want to use Word for longer documents. So this is the same with the obscure Open Type line spacing feature. The incorrect page numbers in TOC and index I think are also due to the strange line spacing calculation.