SHORT-TERM DEBT (Notes)

3 Months Ended

Jan. 31, 2020

Short-term Debt [Abstract]

SHORT-TERM DEBT

SHORT-TERM DEBT

Credit Facilities

On March 13, 2019, Agilent entered into a credit agreement with a group of financial institutions which provided for a $1 billion five-year unsecured credit facility that will expire on March 13, 2024. For the three months ended January 31, 2020, we borrowed $432 million and repaid $372 million under the credit facility. As of January 31, 2020, the company had borrowings of $175 million outstanding under the credit facility. We were in compliance with the covenants for the credit facility during the three months ended January 31, 2020. On August 7, 2019, we entered into an amendment to the credit agreement, which provided for a $500 million short-term loan facility that was used in full to complete the BioTek acquisition and which is outstanding at January 31, 2020. On October 21, 2019, we entered into a second amendment to the credit agreement, which refreshed the amount available for additional incremental term loan facilities under the credit agreement to permit additional incremental facilities of up to $500 million. We had no borrowings under the additional incremental loan facilities as of January 31, 2020.