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LONG-TERM DEBT | 12 Months Ended
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Oct. 31, 2019
Debt Disclosure [Abstract] |
LONG-TERM DEBT | LONG-TERM DEBT Senior Notes The following table summarizes the company's long-term senior notes and the related interest rate swaps:
| October 31, 2019 |  | October 31, 2018
| Amortized Principal |  | Swap |  | Total |  | Amortized Principal |  | Swap |  | Total
| (in millions)
2020 Senior Notes | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 499 |  |  | $ | 7 |  |  | $ | 506 |
2022 Senior Notes | 399 |  |  | — |  |  | 399 |  |  | 399 |  |  | — |  |  | 399 |
2023 Senior Notes | 597 |  |  | — |  |  | 597 |  |  | 597 |  |  | — |  |  | 597 |
2026 Senior Notes | 298 |  |  | — |  |  | 298 |  |  | 297 |  |  | — |  |  | 297 |
2029 Senior Notes | 492 |  |  | — |  |  | 492 |  |  | — |  |  | — |  |  | — |
Total | $ | 1,786 |  |  | $ | — |  |  | $ | 1,786 |  |  | $ | 1,792 |  |  | $ | 7 |  |  | $ | 1,799 |
2020 Senior Notes The 2020 senior notes were repaid in 2019, see Note 17, "Short-Term Debt". 2022 Senior Notes On September 10, 2012, the company issued an aggregate principal amount of $400 million in senior notes ("2022 senior notes"). The 2022 senior notes were issued at 99.80% of their principal amount. The notes will mature on October 1, 2022, and bear interest at a fixed rate of 3.20% per annum. The interest is payable semi-annually on April 1st and October 1st of each year and payments commenced on April 1, 2013. In July 2012, Agilent executed treasury lock agreements for $400 million in connection with future interest payments to be made on our 2022 senior notes issued on September 10, 2012. The treasury lock contracts were terminated on September 10, 2012 and we recognized a deferred gain in accumulated other comprehensive income which is being amortized to interest expense over the life of the 2022 senior notes. The remaining gain to be amortized related to the treasury lock agreements at October 31, 2019 was $1 million. 2023 Senior Notes On June 18, 2013, the company issued aggregate principal amount of $600 million in senior notes ("2023 senior notes"). The 2023 senior notes were issued at 99.544% of their principal amount. The notes will mature on July 15, 2023 and bear interest at a fixed rate of 3.875% per annum. The interest is payable semi-annually on January 15th and July 15th of each year and payments commenced January 15, 2014. 2026 Senior Notes On September 15, 2016, the company issued aggregate principal amount of $300 million in senior notes ("2026 senior notes"). The 2026 senior notes were issued at 99.624% of their principal amount. The notes will mature on September 22, 2026 and bear interest at a fixed rate of 3.05% per annum. The interest is payable semi-annually on March 22nd and September 22nd of each year and payments commenced March 22, 2017. In February 2016, Agilent executed three forward-starting pay fixed/receive variable interest rate swaps for the notional amount of $300 million in connection with future interest payments to be made on our 2026 senior notes issued on September 15, 2016. The swap arrangements were terminated on September 15, 2016 with a payment of $10 million and we recognized this as a deferred loss in accumulated other comprehensive income which is being amortized to interest expense over the life of the 2026 senior notes.The remaining loss to be amortized related to the interest rate swap agreements at October 31, 2019 was $7 million. 2029 Senior Notes On September 5, 2019, the company issued an aggregate principal amount of $500 million in senior notes ("2029 senior notes"). The 2029 senior notes were issued at 99.316% of their principal amount. The notes will mature on September 15, 2029, and bear interest at a fixed rate of 2.75% per annum. The interest is payable semi-annually on March 15th and September 15th of each year and payments commence on March 15, 2020. In August 2019, Agilent executed treasury lock agreements for $250 million in connection with future interest payments to be made on our 2029 senior notes issued on September 5, 2019. We designated the treasury lock as a cash flow hedge. The treasury lock contracts were terminated on September 6, 2019 and we recognized a deferred loss of $6 million in accumulated other comprehensive income which is being amortized to interest expense over the life of the 2029 senior notes. The remaining loss to be amortized related to the treasury lock agreements at October 31, 2019 was $6 million. Capital Leases The company leases certain property and equipment under capital leases. As of October 31, 2019, the non-current portion of the company’s capital lease obligations had an aggregate carrying value of $5 million to be paid over 12 years.

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