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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Oct. 31, 2024
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,
| 2024 |  | 2023 |  | 2022
| (in millions)
Cost of products and services | $ | 41 |  |  | $ | 34 |  |  | $ | 30 |
Research and development | 16 |  |  | 13 |  |  | 14 |
Selling, general and administrative | 73 |  |  | 65 |  |  | 82 |
Total share-based compensation expense | $ | 130 |  |  | $ | 112 |  |  | $ | 126 |
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,
| 2024 |  | 2023 |  | 2022
Stock Option Plan: |  |  |  |  |
Weighted average risk-free interest rate | 4.4% |  | 3.9% |  | 1.5%
Dividend yield | 0.8% |  | 0.6% |  | 0.5%
Weighted average volatility | 29% |  | 28% |  | 26%
Expected life | 5.5 years |  | 5.5 years |  | 5.5 years
LTPP: |  |  |  |  |
Volatility of Agilent shares | 28% |  | 31% |  | 29%
Volatility of selected peer-company shares | 16%-70% |  | 22%-84% |  | 23%-81%
Pair-wise correlation with selected peers | 30% |  | 42% |  | 41%
Post-vest restriction discount for all executive awards | 6.4% |  | 7.1% |  | 6.5%
Summary of stock option award activity | The following table summarizes employee stock option award activity of our employees and directors for 2024.
| Options Outstanding |  | Weighted Average Exercise Price
| (in thousands) |  |
Outstanding at October 31, 2023 | 1,080 |  |  | $ | 118 |
Granted | 335 |  |  | $ | 126 |
Exercised | (300) |  |  | $ | 64 |
Cancelled | (110) |  |  | $ | 140 |
Outstanding at October 31, 2024 | 1,005 |  |  | $ | 134 |
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, 2024 were as follow:
| 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)
$100.00- $110.00 | 242 |  |  | 6.0 |  | $ | 110 |  |  | 4,951 |  |  | 187 |  |  | 6.0 |  | $ | 110 |  |  | 3,832 |
$110.01 - $150.00 | 559 |  |  | 8.6 |  | $ | 134 |  |  | 1,930 |  |  | 95 |  |  | 8.0 |  | $ | 143 |  |  | 139 |
$150.01 & Over | 204 |  |  | 7.0 |  | $ | 161 |  |  | — |  |  | 120 |  |  | 7.0 |  | $ | 161 |  |  | — |
| 1,005 |  |  | 7.7 |  | $ | 134 |  |  | $ | 6,881 |  |  | 402 |  |  | 6.8 |  | $ | 133 |  |  | $ | 3,971 |
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 2024, 2023 and 2022:
| Aggregate Intrinsic Value |  | Weighted Average Exercise Price |  | Per Share Value Using Black-Scholes Model
| (in thousands) |  |  |  |
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 |
Options exercised in fiscal 2024 | $ | 22,762 |  |  | $ | 64 |  |  |
Black Scholes per share value of options granted during fiscal 2024 |  |  |  |  | $ | 41 |
Share-Based Payment Arrangement, Activity | The following table summarizes non-vested award activity in 2024 primarily for our LTPP and restricted stock unit awards.
| Shares |  | Weighted Average Grant Price
| (in thousands) |  |
Non-vested at October 31, 2023 | 1,889 |  |  | $ | 136 |
Granted | 1,200 |  |  | $ | 126 |
Vested | (855) |  |  | $ | 121 |
Forfeited | (129) |  |  | $ | 139 |
Change in LTPP shares in the year due to exceeding performance targets | 31 |  |  | $ | 111 |
Non-vested at October 31, 2024 | 2,136 |  |  | $ | 136 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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