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LONG-TERM DEBT (Notes) | 6 Months Ended
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Apr. 30, 2022
Debt Disclosure [Abstract] |
LONG-TERM DEBT | LONG-TERM DEBT Senior Notes The following table summarizes the company’s long-term senior notes:
| April 30, 2022 |  | October 31, 2021
| Amortized Principal |  | Amortized Principal
| (in millions)
2023 Senior Notes | 599 |  |  | 599 |
2026 Senior Notes | 299 |  |  | 298 |
2029 Senior Notes | 494 |  |  | 494 |
2030 Senior Notes | 496 |  |  | 496 |
2031 Senior Notes | 842 |  |  | 842 |
Total | $ | 2,730 |  |  | $ | 2,729 |
Term Loan Facility On April 15, 2022, we entered into a term loan agreement with a group of financial institutions, which provided for a $600 million delayed draw term loan that will mature on April 15, 2025. As of April 30, 2022, we had no borrowings outstanding under the term loan facility. Loans under the term loan agreement will bear interest, at our option, either at: (i) the alternate base rate, as defined in the term loan agreement, plus the applicable margin for such loans or (ii) adjusted term SOFR, as defined in the term loan agreement, plus the applicable margin for such loans. The term loan agreement contains customary representations and warranties as well as customary affirmative and negative covenants. On May 4, 2022, we borrowed the full $600 million from the term loan and repaid the $600 million outstanding aggregate principal amount of our 2023 senior notes due July 15, 2023. The total redemption price of approximately $609 million was computed in accordance with the terms of the 2023 senior notes as the present value of the remaining scheduled payments of principal and unpaid interest on the notes being redeemed. In May 2022, we recorded a loss on extinguishment of debt of $9 million in other income (expense), net in the condensed consolidated statement of operations. In addition, $7 million of accrued interest, up to but not including the applicable redemption date, was paid. All outstanding notes listed above are unsecured and rank equally in right of payment with all of Agilent’s other senior unsecured indebtedness. There have been no other changes to the principal, maturity, interest rates and interest payment terms of the Agilent senior notes, detailed in the table above, in the six months ended April 30, 2022 as compared to the senior notes described in our Annual Report on Form 10-K for the fiscal year ended October 31, 2021.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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