0001104659-12-007470.txt : 20120402 0001104659-12-007470.hdr.sgml : 20120402 20120207181312 ACCESSION NUMBER: 0001104659-12-007470 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120207 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AGILENT TECHNOLOGIES INC CENTRAL INDEX KEY: 0001090872 STANDARD INDUSTRIAL CLASSIFICATION: INSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS [3825] IRS NUMBER: 770518772 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 5301 STEVENS CREEK BLVD CITY: SANTA CLARA STATE: CA ZIP: 95051 BUSINESS PHONE: 408-345-8296 MAIL ADDRESS: STREET 1: 5301 STEVENS CREEK BLVD, MS 1A-LC STREET 2: P.O. BOX 58059 CITY: SANTA CLARA STATE: CA ZIP: 95052-8059 FORMER COMPANY: FORMER CONFORMED NAME: HP MEASUREMENT INC DATE OF NAME CHANGE: 19990716 CORRESP 1 filename1.htm

 

February 7, 2012

 

VIA EDGAR

 

Mr. Brian Cascio

Accounting Branch Chief

U.S. Securities and Exchange Commission

Division of Corporation Finance

100 F Street, NE

Washington, DC 20549

 

Re:

Agilent Technologies, Inc.

 

Form 10-K for the Fiscal Year Ended October 31, 2011

 

Filed December 16, 2011

 

File No. 001-15405

 

Dear Mr. Cascio:

 

This letter responds to the letter (the “Comment Letter”) dated January 30, 2012 including the comment of the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) with respect to the above referenced Annual Report on Form 10-K for the fiscal year ended October 31, 2011 of Agilent Technologies, Inc. For the convenience of the Staff, we have included in bold text the Staff’s comment with our response.

 

Schedule II

 

1.              Please tell us why this schedule does not include the valuation allowance associated with your accounts receivable.  Refer to Rules 5-04(c) and 12-09 of Regulation S-X.

 

We advise the Staff that we annually consider the guidance in Rule 5-04(c) of Regulation S-X relating to Valuation and Qualifying Accounts.  In our annual review, for each year in the three year period ended October 31, 2011, we have concluded that the balances and activity related to the valuation allowance for doubtful accounts have not been material.  As a result, in accordance with Rule 4-02 of Regulation S-X, we have not disclosed such information in Schedule II.  Supplementally, we are disclosing the following information to the Staff.  The allowance for doubtful accounts balances were $2 million, $3 million, $5 million and $7 million as of October 31, 2008, 2009, 2010 and 2011, respectively, which was less than 1% of total accounts receivable at each applicable year-end.  Additionally, the charges and deductions for each year’s activity were not material at less than 1% of the year’s operating expenses.

 

We further advise the Staff that we will include such information in Schedule II to the extent the balances or activity become material in the future.   In addition, in our future Annual Report on Form 10-K, we will give the amounts of the allowance for doubtful accounts, if material, or state that they are not material in the footnotes of the financial statements.

 

In connection with this response, we acknowledge that (i) we are responsible for the adequacy and accuracy of the disclosure in the filing referenced above; (ii) Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect to the filing referenced above; and (iii) we may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

 

If you have any questions with respect to this letter, please contact the undersigned at 408-345-8070.

 

 

Sincerely,

 

 

 

/s/ Didier Hirsch

 

Didier Hirsch

 

Senior Vice President and Chief Financial Officer

 

cc:

Praveen Kartholy

 

 

Kate Tillan

 

 

 

 

 

Marie Oh Huber

 

 

Stephen Williams

 

 

Angie Haist-Bowen