XML 60 R39.htm IDEA: XBRL DOCUMENT v3.23.4
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Oct. 31, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Allocated Share-based compensation expense disclosure
The impact on our results for share-based compensation was as follows:

Years Ended October 31,
202320222021
(in millions)
Cost of products and services$34 $30 $26 
Research and development13 14 12 
Selling, general and administrative65 82 73 
Total share-based compensation expense$112 $126 $111 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The following assumptions were used to estimate the fair value of awards granted.

 Years Ended October 31,
 202320222021
Stock Option Plan:
Weighted average risk-free interest rate3.9%1.5%0.5%
Dividend yield0.6%0.5%0.7%
Weighted average volatility28%26%26%
Expected life5.5 years5.5 years5.5 years
LTPP:   
Volatility of Agilent shares31%29%30%
Volatility of selected peer-company shares
22%-84%
23%-81%
24%-57%
Pair-wise correlation with selected peers42%41%45%
Post-vest restriction discount for all executive awards7.1%6.5%6.8%
Summary of stock option award activity
The following table summarizes employee stock option award activity of our employees and directors for 2023.

Options
Outstanding
Weighted
Average
Exercise Price
 (in thousands) 
Outstanding at October 31, 20221,097 $94 
Granted269 $147 
Exercised(249)$41 
Cancelled(37)$142 
Outstanding at October 31, 20231,080 $118 
Schedule of share-based compensation, shares authorized under stock option plans, by exercise price range
The options outstanding and exercisable for equity share-based payment awards at October 31, 2023 were as follows:

 Options OutstandingOptions Exercisable
Range of
Exercise Prices
Number
Outstanding
Weighted
Average
Remaining
Contractual
Life
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
Number
Exercisable
Weighted
Average
Remaining
Contractual
Life
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
 (in thousands)(in years) (in thousands)(in thousands)(in years) (in thousands)
$40.01 - $50.00
210 1.0$41 13,088 210 1.0$41 13,088 
$100.00- $110.00
311 7.0$110 — 177 7.0$110 — 
$110.01 - $150.00
319 8.8$143 — 40 8.3$136 — 
$150.01 & Over
240 8.0$161 — 80 8.0$161 — 
1,080 6.6$118 $13,088 507 4.8$92 $13,088 
Schedule of Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value
The following table summarizes the aggregate intrinsic value of options exercised and the fair value of options granted in 2023, 2022 and 2021:

Aggregate
Intrinsic Value
Weighted
Average
Exercise
Price
Per Share Value Using Black-Scholes Model
 (in thousands) 
Options exercised in fiscal 2021$34,305 $33 
Black Scholes per share value of options granted during fiscal 2021$26 
Options exercised in fiscal 2022$10,765 $38 
Black Scholes per share value of options granted during fiscal 2022$39 
Options exercised in fiscal 2023$25,303 $41 
Black Scholes per share value of options granted during fiscal 2023$47 
Share-Based Payment Arrangement, Activity
The following table summarizes non-vested award activity in 2023 primarily for our LTPP and restricted stock unit awards.
SharesWeighted
Average
Grant Price
 (in thousands) 
Non-vested at October 31, 20222,103 $114 
Granted864 $146 
Vested(1,096)$90 
Forfeited(181)$134 
Change in LTPP shares in the year due to exceeding performance targets199 $79 
Non-vested at October 31, 20231,889 $136