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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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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,
| 2023 |  | 2022 |  | 2021
| (in millions)
Cost of products and services | $ | 34 |  |  | $ | 30 |  |  | $ | 26 |
Research and development | 13 |  |  | 14 |  |  | 12 |
Selling, general and administrative | 65 |  |  | 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,
| 2023 |  | 2022 |  | 2021
Stock Option Plan: |  |  |  |  |
Weighted average risk-free interest rate | 3.9% |  | 1.5% |  | 0.5%
Dividend yield | 0.6% |  | 0.5% |  | 0.7%
Weighted average volatility | 28% |  | 26% |  | 26%
Expected life | 5.5 years |  | 5.5 years |  | 5.5 years
LTPP: |  |  |  |  |
Volatility of Agilent shares | 31% |  | 29% |  | 30%
Volatility of selected peer-company shares | 22%-84% |  | 23%-81% |  | 24%-57%
Pair-wise correlation with selected peers | 42% |  | 41% |  | 45%
Post-vest restriction discount for all executive awards | 7.1% |  | 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, 2022 | 1,097 |  |  | $ | 94 |
Granted | 269 |  |  | $ | 147 |
Exercised | (249) |  |  | $ | 41 |
Cancelled | (37) |  |  | $ | 142 |
Outstanding at October 31, 2023 | 1,080 |  |  | $ | 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 Outstanding |  | Options 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.
| Shares |  | Weighted Average Grant Price
| (in thousands) |  |
Non-vested at October 31, 2022 | 2,103 |  |  | $ | 114 |
Granted | 864 |  |  | $ | 146 |
Vested | (1,096) |  |  | $ | 90 |
Forfeited | (181) |  |  | $ | 134 |
Change in LTPP shares in the year due to exceeding performance targets | 199 |  |  | $ | 79 |
Non-vested at October 31, 2023 | 1,889 |  |  | $ | 136 |

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