XML 25 R14.htm IDEA: XBRL DOCUMENT v3.25.2
INCOME TAXES (Notes)
 9 Months Ended
Jul. 31, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
For the three and nine months ended July 31, 2025, our income tax expense was $30 million with an effective tax rate of 8.2 percent and $124 million with an effective tax rate of 12.5 percent, respectively. For the three and nine months ended July 31, 2025, our effective tax rate and the resulting provision for income taxes were impacted by the tax benefit of $28 million related to the release of tax reserves due to a remeasurement of the liability.

For the three and nine months ended July 31, 2024, our income tax expense was $61 million with an effective tax rate of 17.8 percent and $182 million with an effective tax rate of 16.3 percent, respectively. For the three months ended July 31, 2024, there were no significant discrete items. For the nine months ended July 31, 2024, our effective tax rate and the resulting provision for income taxes were impacted by the tax expense of $12 million related to an audit settlement.

In the U.S., tax years remain open back to the year 2021 for federal income tax purposes and 2020 for significant states. In other major jurisdictions where we conduct business, the tax years generally remain open back to the year 2014.

With these jurisdictions and the U.S., it is reasonably possible that some tax audits may be completed over the next twelve months. However, management is not able to provide a reasonably reliable estimate of the timing of any other future tax payments or change in unrecognized tax benefits, if any.

The United States enacted the One Big Beautiful Bill Act ("OBBBA") on July 4, 2025, which permanently extends many of the expiring provisions from the Tax Cuts and Jobs Act ("TCJA") and modifies several international provisions, which are generally applicable to Agilent in fiscal year 2027. The OBBBA is not expected to have any material impact on our effective tax rate or cash flow in the current fiscal year. We are assessing the potential impacts the OBBBA may have on fiscal year 2026 and beyond.