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RETIREMENT PLANS AND POST RETIREMENT PENSION PLANS (Tables)

12 Months Ended

Oct. 31, 2019

Defined Benefit Plan [Abstract]

Schedule of net pension and post-retirement benefit costs

For the years ended October 31, 2019, 2018 and 2017, components of net periodic benefit cost and other amounts recognized in other comprehensive income were comprised of:

	Pensions																								U.S. Post-Retirement Benefit Plans
	U.S. Plans												Non-U.S. Plans
	2019				2018				2017				2019				2018				2017				2019				2018				2017
	(in millions)
Net periodic benefit cost (benefit)
Service cost — benefits earned during the period	$	—			$	—			$	—			$	20			$	20			$	19			$	—			$	1			$	1
Interest cost on benefit obligation	18				16				15				14				13				12				4				3				3
Expected return on plan assets	(27		)		(28		)		(25		)		(43		)		(46		)		(41		)		(7		)		(7		)		(7		)
Amortization of net actuarial loss	1				1				3				34				29				36				4				8				11
Amortization of prior service benefit	—				—				—				—				—				—				(8		)		(8		)		(9		)
Total periodic benefit cost (benefit)	$	(8	)		$	(11	)		$	(7	)		$	25			$	16			$	26			$	(7	)		$	(3	)		$	(1	)
Curtailments and settlements	$	—			$	—			$	—			$	—			$	(5	)		$	(32	)		$	—			$	—			$	—
Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss
Net actuarial (gain) loss	$	51			$	2			$	(19	)		$	104			$	49			$	(128	)		$	5			$	(2	)		$	(9	)
Amortization of net actuarial loss	(1		)		(1		)		(3		)		(34		)		(29		)		(36		)		(4		)		(8		)		(11		)
Prior service cost (benefit)	—				—				—				—				—				—				—				—				—
Amortization of prior service benefit	—				—				—				—				—				—				8				8				9
Gain due to settlement	—				—				—				—				—				32				—				—				—
Foreign currency	—				—				—				(3		)		1				2				—				—				—
Total recognized in other comprehensive (income) loss	$	50			$	1			$	(22	)		$	67			$	21			$	(130	)		$	9			$	(2	)		$	(11	)
Total recognized in net periodic benefit cost (benefit) and other comprehensive (income) loss	$	42			$	(10	)		$	(29	)		$	92			$	32			$	(136	)		$	2			$	(5	)		$	(12	)

Schedule of Funded status of Defined Benefit and Post-Retirement Benefit plans

Funded Status.    As of October 31, 2019 and 2018, the funded status of the defined benefit and post-retirement benefit plans was:

	U.S. Defined Benefit Plans								Non-U.S. Defined Benefit Plans								U.S. Post-Retirement Benefit Plans
	2019				2018				2019				2018				2019				2018
	(in millions)
Change in fair value of plan assets:
Fair value — beginning of year	$	401			$	414			$	825			$	855			$	90			$	95
Actual return on plan assets	50				8				85				(9		)		11				1
Employer contributions	—				—				21				21				—				—
Participants' contributions	—				—				1				—				—				—
Benefits paid	(19		)		(21		)		(29		)		(26		)		(6		)		(6		)
Settlements	—				—				—				5				—				—
Currency impact	—				—				8				(21		)		—				—
Fair value — end of year	$	432			$	401			$	911			$	825			$	95			$	90
Change in benefit obligation:
Benefit obligation — beginning of year	$	420			$	445			$	913			$	935			$	87			$	97
Service cost	—				—				20				20				—				1
Interest cost	18				16				14				13				4				3
Participants' contributions	—				—				1				—				—				—
Plan amendment	—				—				—				1				—				—
Actuarial (gain) loss	74				(19		)		143				(6		)		9				(7		)
Benefits paid	(21		)		(22		)		(29		)		(27		)		(6		)		(7		)
Currency impact	—				—				5				(23		)		—				—
Benefit obligation — end of year	$	491			$	420			$	1,067			$	913			$	94			$	87
Overfunded (underfunded) status of PBO	$	(59	)		$	(19	)		$	(156	)		$	(88	)		$	1			$	3
Amounts recognized in the consolidated balance sheet consist of:
Other assets	$	—			$	—			$	106			$	95			$	1			$	3
Employee compensation and benefits	(1		)		(1		)		—				—				—				—
Retirement and post-retirement benefits	(58		)		(18		)		(262		)		(183		)		—				—
Total net asset (liability)	$	(59	)		$	(19	)		$	(156	)		$	(88	)		$	1			$	3
Amounts Recognized in Accumulated Other Comprehensive Income (loss):
Actuarial (gains) losses	$	115			$	65			$	330			$	263			$	10			$	10
Prior service costs (benefits)	—				—				—				—				(12		)		(20		)
Total	$	115			$	65			$	330			$	263			$	(2	)		$	(10	)

Amounts in accumulated other comprehensive income expected to be recognized as components of net expense during the next fiscal year

The amounts in accumulated other comprehensive income expected to be recognized by Agilent as components of net expense during 2020 are as follows:

	U.S. Defined Benefit Plans				Non-U.S. Defined Benefit Plans				U.S. Post-Retirement Benefit Plans
	(in millions)
Amortization of net prior service cost (benefit)	$	—			$	—			$	(7	)
Amortization of actuarial net loss (gain)	$	3			$	48			$	4

Defined benefit plan assets by fair value hierarchy

The following tables present the fair value of non-U.S. Defined Benefit Plans assets classified under the appropriate level of the fair value hierarchy as of October 31, 2019 and 2018:

					Fair Value Measurement at October 31, 2019 Using
	October 31, 2019				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Not Subject to Leveling (1)
	(in millions)
Cash and Cash Equivalents	$	1			$	—			$	1			$	—			$	—
Equity	512				318				61				—				133
Fixed Income	398				98				213				—				87
Other Investments	—				—				—				—				—
Total assets measured at fair value	$	911			$	416			$	275			$	—			$	220

(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

					Fair Value Measurement at October 31, 2018 Using
	October 31, 2018				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Not Subject to Leveling (1)
	(in millions)
Cash and Cash Equivalents	$	2			$	—			$	2			$	—			$	—
Equity	489				298				60				—				131
Fixed Income	334				76				228				—				30
Other Investments	—				—				—				—				—
Total assets measured at fair value	$	825			$	374			$	290			$	—			$	161

(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

The following tables present the fair value of U.S. Defined Benefit Plans assets classified under the appropriate level of the fair value hierarchy as of October 31, 2019 and 2018.

					Fair Value Measurement at October 31, 2019 Using
	October 31, 2019				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Not Subject to Leveling (1)
	(in millions)
Cash and Cash Equivalents	$	1			$	—			$	—			$	—			$	1
Equity	336				78				—				—				258
Fixed Income	91				46				—				—				45
Other Investments	4				—				—				4				—
Total assets measured at fair value	$	432			$	124			$	—			$	4			$	304

(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

					Fair Value Measurement at October 31, 2018 Using
	October 31, 2018				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Not Subject to Leveling (1)
	(in millions)
Cash and Cash Equivalents	$	4			$	—			$	—			$	—			$	4
Equity	308				69				—				—				239
Fixed Income	83				36				5				—				42
Other Investments	6				—				—				6				—
Total assets measured at fair value	$	401			$	105			$	5			$	6			$	285

(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

The following tables present the fair value of U.S. Post-Retirement Benefit Plans assets classified under the appropriate level of the fair value hierarchy as of October 31, 2019 and 2018.

					Fair Value Measurement at October 31, 2019 Using
	October 31, 2019				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Not Subject to Leveling (1)
	(in millions)
Cash and Cash Equivalents	$	3			$	—			$	—			$	—			$	3
Equity	69				18				—				—				51
Fixed Income	21				11				—				—				10
Other Investments	2				—				—				2				—
Total assets measured at fair value	$	95			$	29			$	—			$	2			$	64

(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

					Fair Value Measurement at October 31, 2018 Using
	October 31, 2018				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Other Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)				Not Subject to Leveling (1)
	(in millions)
Cash and Cash Equivalents	$	3			$	—			$	—			$	—			$	3
Equity	65				15				—				—				50
Fixed Income	18				9				—				—				9
Other Investments	4				—				—				4				—
Total assets measured at fair value	$	90			$	24			$	—			$	4			$	62

(1) Investments measured at the net asset value per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy.

Defined benefit plans assets measured at fair value using significant unobservable inputs (level 3)

For U.S. Defined Benefit Plans assets measured at fair value using significant unobservable inputs (level 3), the following table summarizes the change in balances during 2019 and 2018:

	Years Ended October 31.
	2019				2018
Balance, beginning of year	$	6			$	7
Realized gains/(losses)	(1		)		—
Unrealized gains/(losses)	1				1
Purchases, sales, issuances, and settlements	(2		)		(2		)
Transfers in (out)	—				—
Balance, end of year	$	4			$	6

For U.S. Post-Retirement Benefit Plans assets measured at fair value using significant unobservable inputs (level 3), the following table summarizes the change in balances during 2019 and 2018:

	Years Ended October 31,
	2019				2018
Balance, beginning of year	$	4			$	4
Realized gains/(losses)	(1		)		—
Unrealized gains/(losses)	—				1
Purchases, sales, issuances, and settlements	(1		)		(1		)
Transfers in (out)	—				—
Balance, end of year	$	2			$	4

Combined projected benefit obligation, accumulated benefit obligations and fair value of plan assets

The table below presents the combined projected benefit obligation ("PBO"), accumulated benefit obligation ("ABO") and fair value of plan assets, grouping plans using comparisons of the PBO and ABO relative to the plan assets as of October 31, 2019 or 2018.

	2019								2018
	Benefit Obligation								Benefit Obligation
					Fair Value of Plan Assets								Fair Value of Plan Assets
	PBO								PBO
	(in millions)
U.S. defined benefit plans where PBO exceeds the fair value of plan assets	$	491			$	432			$	420			$	401
U.S. defined benefit plans where fair value of plan assets exceeds PBO	—				—				—				—
Total	$	491			$	432			$	420			$	401
Non-U.S. defined benefit plans where PBO exceeds or is equal to the fair value of plan assets	$	752			$	490			$	563			$	380
Non-U.S. defined benefit plans where fair value of plan assets exceeds PBO	315				421				350				445
Total	$	1,067			$	911			$	913			$	825
	ABO								ABO
U.S. defined benefit plans where ABO exceeds the fair value of plan assets	$	491			$	432			$	420			$	401
U.S. defined benefit plans where the fair value of plan assets exceeds ABO	—				—				—				—
Total	$	491			$	432			$	420			$	401
Non-U.S. defined benefit plans where ABO exceeds or is equal to the fair value of plan assets	$	651			$	418			$	543			$	380
Non-U.S. defined benefit plans where fair value of plan assets exceeds ABO	381				493				343				445
Total	$	1,032			$	911			$	886			$	825

Schedule of expected benefit payments

The following table presents expected future benefit payments for the next 10 years:

	U.S. Defined Benefit Plans				Non-U.S. Defined Benefit Plans				U.S. Post-Retirement Benefit Plans
	(in millions)
2020	$	35			$	25			$	8
2021	$	36			$	27			$	8
2022	$	33			$	29			$	7
2023	$	35			$	32			$	7
2024	$	37			$	32			$	7
2025 - 2029	$	146			$	170			$	35

Assumptions used to calculate the net periodic cost and benefit obligation

Assumptions used to calculate the net periodic cost in each year were as follows:

	For years ended October 31,
	2019		2018		2017
U.S. defined benefit plans:
Discount rate	4.50%		3.75%		3.75%
Expected long-term return on assets	7.00%		7.00%		7.25%
Non-U.S. defined benefit plans:
Discount rate	0.83-2.68%		0.67-2.52%		0.22-2.66%
Average increase in compensation levels	2.25-3.25%		2.00-3.25%		2.00-4.25%
Expected long-term return on assets	4.00-5.75%		4.00-6.00%		4.00-6.25%
U.S. post-retirement benefits plans:
Discount rate	4.25%		3.50%		3.50%
Expected long-term return on assets	7.00%		7.00%		7.25%
Current medical cost trend rate	6.00%		6.00%		6.00%
Ultimate medical cost trend rate	3.50%		3.50%		3.50%
Medical cost trend rate decreases to ultimate rate in year	2029		2029		2029

Assumptions used to calculate the benefit obligation were as follows:

	As of the Years Ending October 31,
	2019		2018
U.S. defined benefit plans:
Discount rate	3.25%		4.50%
Non-U.S. defined benefit plans:
Discount rate	0.22-1.81%		0.83-2.68%
Average increase in compensation levels	2.25-3.00%		2.25-3.25%
U.S. post-retirement benefits plans:
Discount rate	3.00%		4.25%
Current medical cost trend rate	6.25%		6.00%
Ultimate medical cost trend rate	4.50%		3.50%
Medical cost trend rate decreases to ultimate rate in year	2029		2029

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