Document
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

January 25, 2019
Date of Report (Date of earliest event reported)

AGILENT TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
 
001-15405
 
77-0518772
(State or other Jurisdiction
 
(Commission File Number)
 
(IRS Employer
of Incorporation)
 
 
 
Identification No.)
 
 
 
 
 

5301 Stevens Creek Boulevard
Santa Clara, CA 95051
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (408) 345-8886

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o 


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o 







Item 8.01 Other Events.

As of November 1, 2018, we adopted Accounting Standards Update (ASU) No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Costs, which amends ASC 715, Compensation - Retirement Benefits, to require employers that present a measure of operating income in their statements of operations to include only the service cost component of net periodic postretirement benefit cost in operating expenses. The service cost component of net periodic pension and postretirement benefit cost should be presented in the same operating expense line items as other employee compensation costs arising from services rendered during the period. The other components of net periodic pension and postretirement benefit costs, including interest costs, expected return on assets, amortization of prior service cost/credit and actuarial gains/losses, and settlement and curtailment effects, are to be included separately and outside of any subtotal of operating income. This guidance impacted the presentation of our condensed consolidated statements of operations with no impact on net income. As adoption is required to be on a retrospective basis, we are furnishing this Current Report on Form 8-K to provide our historical condensed consolidated statements of operations and selected segment information presented herein.

This Current Report on Form 8-K should be read in conjunction with the Annual Report on Form 10-K and other filings.  The information contained in this report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of Section 18. Furthermore, the information contained in this report shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits
 
The following is furnished as an exhibit to this report and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended:
 
Exhibit No.
 
Description
 
 
 
 
Condensed consolidated statements of operations for the fiscal quarters ended January 31, April 30, July 31, and October 31, 2017 and 2018. Condensed consolidated statements of operations for the six months ended April 30, 2017 and 2018. Condensed consolidated statements of operations for the nine months ended July 31, 2017 and 2018. Condensed consolidated statements of operations for the fiscal years ended October 31, 2017 and 2018.

Selected segment information for the fiscal quarters ended January 31, 2017 and 2018, April 30, 2017 and 2018, July 31, 2017 and 2018 and October 31, 2017 and 2018 and fiscal years ended October 31, 2017 and 2018.




2




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
 
 
 
AGILENT TECHNOLOGIES, INC.
 
 
 
 
 
By:
/s/ P. Diana Chiu
 
Name:
P. Diana Chiu
 
Title:
Vice President, Assistant General Counsel and
 
 
Assistant Secretary
 
 
 
 
Date: January 25, 2019
 

3



EXHIBIT INDEX

Exhibit No.
 
Description
 
 
 
99.1

 
Condensed consolidated statements of operations for the fiscal quarters ended January 31, April 30, July 31, and October 31, 2017 and 2018. Condensed consolidated statements of operations for the six months ended April 30, 2017 and 2018. Condensed consolidated statements of operations for the nine months ended July 31, 2017 and 2018. Condensed consolidated statements of operations for the fiscal years ended October 31, 2017 and 2018.

Selected segment information for the fiscal quarters ended January 31, 2017 and 2018, April 30, 2017 and 2018, July 31, 2017 and 2018 and October 31, 2017 and 2018 and fiscal years ended October 31, 2017 and 2018.




4
Exhibit
AGILENT TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In millions, except per share amounts)


 
 
 
Three Months Ended
 
 
 
January 31, 2018
 
 
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
 
 
 
 
 
 
 
 
Net revenue
 
$
1,211

 
 
 
$
1,211

 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
Cost of products and services
 
538

 
3
 
541

 
Research and development
 
93

 
1
 
94

 
Selling, general and administrative
 
341

 
6
 
347

 
Total costs and expenses
 
972

 

 
982

 
 
 
 
 
 
 
 
 
Income from operations
 
239

 

 
229

 
 
 
 
 
 
 
 
 
Interest income
 
9

 
 
 
9

 
Interest expense
 
(20
)
 
 
 
(20
)
 
Other income (expense), net
 
5

 
10
 
15

 
 
 
 
 
 
 
 
 
Income before taxes
 
233

 

 
233

 
 
 
 
 
 
 
 
 
Provision for income taxes
 
553

 
 
 
553

 
 
 
 
 
 
 
 
 
Net loss
 
$
(320
)
 

 
$
(320
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss per share:
 
 
 
 
 
 
 
Basic
 
$
(0.99
)
 

 
$
(0.99
)
 
Diluted
 
$
(0.99
)
 

 
$
(0.99
)
 
 
 
 
 
 
 
 
 
Weighted average shares used in computing net loss per share:
 
 
 
 
 
 
 
Basic
 
323

 
 
 
323

 
Diluted
 
323

 
 
 
323

 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.149

 
 
 
$
0.149

 
 




AGILENT TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In millions, except per share amounts)


 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
April 30, 2018
 
April 30, 2018
 
 
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
1,206

 
 
 
$
1,206

 
$
2,417

 
 
 
$
2,417

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of products and services
 
562

 
1
 
563

 
1,100

 
4
 
1,104

 
Research and development
 
91

 
1
 
92

 
184

 
2
 
186

 
Selling, general and administrative
 
338

 
3
 
341

 
679

 
9
 
688

 
Total costs and expenses
 
991

 
 
 
996

 
1,963

 
 
 
1,978

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from operations
 
215

 
 
 
210

 
454

 
 
 
439

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
 
10

 
 
 
10

 
19

 
 
 
19

 
Interest expense
 
(19
)
 
 
 
(19
)
 
(39
)
 
 
 
(39
)
 
Other income (expense), net
 
21

 
5
 
26

 
26

 
15
 
41

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before taxes
 
227

 
 
 
227

 
460

 
 
 
460

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for income taxes
 
22

 
 
 
22

 
575

 
 
 
575

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
205

 
 
 
$
205

 
$
(115
)
 
 
 
$
(115
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.64

 

 
$
0.64

 
$
(0.36
)
 
 
 
$
(0.36
)
 
Diluted
 
$
0.63

 

 
$
0.63

 
$
(0.36
)
 
 
 
$
(0.36
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares used in computing net income (loss) per share:
 
 
 
 
 
 
 
Basic
 
322

 
 
 
322

 
323

 
 
 
323

 
Diluted
 
326

 
 
 
326

 
323

 
 
 
323

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.149

 
 
 
$
0.149

 
$
0.298

 
 
 
$
0.298

 




AGILENT TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In millions, except per share amounts)


 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
July 31, 2018
 
July 31, 2018
 
 
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
1,203

 
 
 
$
1,203

 
$
3,620

 
 
 
$
3,620

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of products and services
 
542

 
2
 
544

 
1,642

 
6
 
1,648

 
Research and development
 
97

 
 
97

 
281

 
2
 
283

 
Selling, general and administrative
 
339

 
2
 
341

 
1,018

 
11
 
1,029

 
Total costs and expenses
 
978

 
 
 
982

 
2,941

 
 
 
2,960

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from operations
 
225

 
 
 
221

 
679

 
 
 
660

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
 
9

 
 
 
9

 
28

 
 
 
28

 
Interest expense
 
(18
)
 
 
 
(18
)
 
(57
)
 
 
 
(57
)
 
Other income (expense), net
 
26

 
4
 
30

 
52

 
19
 
71

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before taxes
 
242

 
 
 
242

 
702

 
 
 
702

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for income taxes
 
6

 
 
 
6

 
581

 
 
 
581

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
236

 
 
 
$
236

 
$
121

 
 
 
$
121

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.74

 
 
 
$
0.74

 
$
0.38

 
 
 
$
0.38

 
Diluted
 
$
0.73

 
 
 
$
0.73

 
$
0.37

 
 
 
$
0.37

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares used in computing net income per share:
 
 
 
 
 
 
 
Basic
 
320

 
 
 
320

 
322

 
 
 
322

 
Diluted
 
324

 
 
 
324

 
326

 
 
 
326

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.149

 
 
 
$
0.149

 
$
0.447

 
 
 
$
0.447

 





AGILENT TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In millions, except per share amounts)


 
 
 
Three Months Ended
 
Year Ended
 
 
 
October 31, 2018
 
October 31, 2018
 
 
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
1,294

 
 
 
$
1,294

 
$
4,914

 
 
 
$
4,914

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of products and services
 
585

 
1
 
586

 
2,227

 
7
 
2,234

 
Research and development
 
104

 
 
104

 
385

 
2
 
387

 
Selling, general and administrative
 
356

 
4
 
360

 
1,374

 
15
 
1,389

 
Total costs and expenses
 
1,045

 
 
 
1,050

 
3,986

 
 
 
4,010

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from operations
 
249

 
 
 
244

 
928

 
 
 
904

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
 
10

 
 
 
10

 
38

 
 
 
38

 
Interest expense
 
(18
)
 
 
 
(18
)
 
(75
)
 
 
 
(75
)
 
Other income (expense), net
 
3

 
5
 
8

 
55

 
24
 
79

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before taxes
 
244

 
 
 
244

 
946

 
 
 
946

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for income taxes
 
49

 
 
 
49

 
630

 
 
 
630

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
195

 
 
 
$
195

 
$
316

 
 
 
$
316

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.61

 
 
 
$
0.61

 
$
0.98

 
 
 
$
0.98

 
Diluted
 
$
0.61

 
 
 
$
0.61

 
$
0.97

 
 
 
$
0.97

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares used in computing net income per share:
 
 
 
 
 
 
 
Basic
 
319

 
 
 
319

 
321

 
 
 
321

 
Diluted
 
322

 
 
 
322

 
325

 
 
 
325

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.149

 
 
 
$
0.149

 
$
0.596

 
 
 
$
0.596

 




AGILENT TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In millions, except per share amounts)


 
 
 
Three Months Ended
 
 
 
January 31, 2017
 
 
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
 
 
 
 
 
 
 
 
Net revenue
 
$
1,067

 
 
 
$
1,067

 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
Cost of products and services
 
493

 
10
 
503

 
Research and development
 
79

 
3
 
82

 
Selling, general and administrative
 
289

 
19
 
308

 
Total costs and expenses
 
861

 

 
893

 
 
 
 
 
 
 
 
 
Income from operations
 
206

 

 
174

 
 
 
 
 
 
 
 
 
Interest income
 
4

 
 
 
4

 
Interest expense
 
(20
)
 
 
 
(20
)
 
Other income (expense), net
 
3

 
32
 
35

 
 
 
 
 
 
 
 
 
Income before taxes
 
193

 

 
193

 
 
 
 
 
 
 
 
 
Provision for income taxes
 
25

 
 
 
25

 
 
 
 
 
 
 
 
 
Net income
 
$
168

 

 
$
168

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
Basic
 
$
0.52

 

 
$
0.52

 
Diluted
 
$
0.52

 

 
$
0.52

 
 
 
 
 
 
 
 
 
Weighted average shares used in computing net income per share:
 
 
 
 
 
 
 
Basic
 
322

 
 
 
322

 
Diluted
 
326

 
 
 
326

 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.132

 
 
 
$
0.132

 




AGILENT TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In millions, except per share amounts)


 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
April 30, 2017
 
April 30, 2017
 
 
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
1,102

 
 
 
$
1,102

 
$
2,169

 
 
 
$
2,169

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of products and services
 
510

 
 
510

 
1,003

 
10
 
1,013

 
Research and development
 
84

 
 
84

 
163

 
3
 
166

 
Selling, general and administrative
 
307

 
1
 
308

 
596

 
20
 
616

 
Total costs and expenses
 
901

 
 
 
902

 
1,762

 
 
 
1,795

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from operations
 
201

 
 
 
200

 
407

 
 
 
374

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
 
5

 
 
 
5

 
9

 
 
 
9

 
Interest expense
 
(20
)
 
 
 
(20
)
 
(40
)
 
 
 
(40
)
 
Other income (expense), net
 
5

 
1
 
6

 
8

 
33
 
41

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before taxes
 
191

 
 
 
191

 
384

 
 
 
384

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for income taxes
 
27

 
 
 
27

 
52

 
 
 
52

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
164

 
 
 
$
164

 
$
332

 
 
 
$
332

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.51

 
 
 
$
0.51

 
$
1.03

 
 
 
$
1.03

 
Diluted
 
$
0.50

 
 
 
$
0.50

 
$
1.02

 
 
 
$
1.02

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares used in computing net income per share:
 
 
 
 
 
 
 
Basic
 
321

 
 
 
321

 
322

 
 
 
322

 
Diluted
 
325

 
 
 
325

 
325

 
 
 
325

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.132

 
 
 
$
0.132

 
$
0.264

 
 
 
$
0.264

 





AGILENT TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In millions, except per share amounts)


 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
July 31, 2017
 
July 31, 2017
 
 
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
1,114

 
 
 
$
1,114

 
$
3,283

 
 
 
$
3,283

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of products and services
 
518

 
 
518

 
1,521

 
10
 
1,531

 
Research and development
 
87

 
(1)
 
86

 
250

 
2
 
252

 
Selling, general and administrative
 
308

 
1
 
309

 
904

 
21
 
925

 
Total costs and expenses
 
913

 
 
 
913

 
2,675

 
 
 
2,708

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from operations
 
201

 
 
 
201

 
608

 
 
 
575

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
 
6

 
 
 
6

 
15

 
 
 
15

 
Interest expense
 
(19
)
 
 
 
(19
)
 
(59
)
 
 
 
(59
)
 
Other income (expense), net
 
5

 
 
 
5

 
13

 
33
 
46

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before taxes
 
193

 
 
 
193

 
577

 
 
 
577

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for income taxes
 
18

 
 
 
18

 
70

 
 
 
70

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
175

 
 
 
$
175

 
$
507

 
 
 
$
507

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.55

 
 
 
$
0.55

 
$
1.57

 
 
 
$
1.57

 
Diluted
 
$
0.54

 
 
 
$
0.54

 
$
1.56

 
 
 
$
1.56

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares used in computing net income per share:
 
 
 
 
 
 
 
Basic
 
321

 
 
 
321

 
322

 
 
 
322

 
Diluted
 
326

 
 
 
326

 
325

 
 
 
325

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.132

 
 
 
$
0.132

 
$
0.396

 
 
 
$
0.396

 





AGILENT TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In millions, except per share amounts)


 
 
 
Three Months Ended
 
Year Ended
 
 
 
October 31, 2017
 
October 31, 2017
 
 
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
As Previously Reported
 
Pension Adjustment
 
As Adjusted
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net revenue
 
$
1,189

 
 
 
$
1,189

 
$
4,472

 
 
 
$
4,472

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Costs and expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of products and services
 
542

 
 
542

 
2,063

 
10
 
2,073

 
Research and development
 
89

 
 
89

 
339

 
2
 
341

 
Selling, general and administrative
 
325

 
1
 
326

 
1,229

 
22
 
1,251

 
Total costs and expenses
 
956

 
 
 
957

 
3,631

 
 
 
3,665

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from operations
 
233

 
 
 
232

 
841

 
 
 
807

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest income
 
7

 
 
 
7

 
22

 
 
 
22

 
Interest expense
 
(20
)
 
 
 
(20
)
 
(79
)
 
 
 
(79
)
 
Other income (expense), net
 
6

 
1
 
7

 
19

 
34
 
53

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income before taxes
 
226

 
 
 
226

 
803

 
 
 
803

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Provision for income taxes
 
49

 
 
 
49

 
119

 
 
 
119

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
177

 
 
 
$
177

 
$
684

 
 
 
$
684

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.55

 
 
 
$
0.55

 
$
2.12

 
 
 
$
2.12

 
Diluted
 
$
0.54

 
 
 
$
0.54

 
$
2.10

 
 
 
$
2.10

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares used in computing net income per share:
 
 
 
 
 
 
 
Basic
 
322

 
 
 
322

 
322

 
 
 
322

 
Diluted
 
326

 
 
 
326

 
326

 
 
 
326

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash dividends declared per common share
 
$
0.132

 
 
 
$
0.132

 
$
0.528

 
 
 
$
0.528

 







AGILENT TECHNOLOGIES, INC.
LIFE SCIENCES AND APPLIED MARKETS SEGMENT
(Unaudited)
 
All periods below were revised to include the impact of the adoption of ASU 2017-07.
 
(In millions, except margins data)
 
2018
 
 
 
Q1
 
Q2
 
Q3
 
Q4
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross margin %
 
62.1
%
 
59.7
%
 
61.3
%
 
62.1
%
 
61.3
%
 
 
 
 
 
 
 
 
 
 
 
 
 
Research and development expenses
 
$
54

 
$
54

 
$
54

 
$
58

 
$
220

 
 
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expenses
 
$
162

 
$
154

 
$
155

 
$
159

 
$
630

 
 
 
 
 
 
 
 
 
 
 
 
 
Income from operations
 
$
154

 
$
113

 
$
122

 
$
154

 
$
543

 
 
 
 
 
 
 
 
 
 
 
 
 
Operating margin %
 
25.9
%
 
21.0
%
 
22.7
%
 
25.7
%
 
23.9
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2017
 
 
 
Q1
 
Q2
 
Q3
 
Q4
 
Total