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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
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,
202420232022
(in millions)
Cost of products and services$41 $34 $30 
Research and development16 13 14 
Selling, general and administrative73 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,
 202420232022
Stock Option Plan:
Weighted average risk-free interest rate4.4%3.9%1.5%
Dividend yield0.8%0.6%0.5%
Weighted average volatility29%28%26%
Expected life5.5 years5.5 years5.5 years
LTPP:   
Volatility of Agilent shares28%31%29%
Volatility of selected peer-company shares
16%-70%
22%-84%
23%-81%
Pair-wise correlation with selected peers30%42%41%
Post-vest restriction discount for all executive awards6.4%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, 20231,080 $118 
Granted335 $126 
Exercised(300)$64 
Cancelled(110)$140 
Outstanding at October 31, 20241,005 $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 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)
$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.
SharesWeighted
Average
Grant Price
 (in thousands) 
Non-vested at October 31, 20231,889 $136 
Granted1,200 $126 
Vested(855)$121 
Forfeited(129)$139 
Change in LTPP shares in the year due to exceeding performance targets31 $111 
Non-vested at October 31, 20242,136 $136