UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 11-K

(MARK ONE)

x      ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
           
 

FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2013.

OR

o      TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
           
 

FOR THE TRANSITION PERIOD FROM                   TO                   

COMMISSION FILE NUMBER: 001-15405

A. FULL TITLE OF THE PLAN AND THE ADDRESS OF THE PLAN, IF DIFFERENT FROM THAT OF THE ISSUER NAMED BELOW:
      

AGILENT TECHNOLOGIES, INC.
401(K) PLAN

      
B. NAME OF ISSUER OF THE SECURITIES HELD PURSUANT TO THE PLAN AND THE ADDRESS OF ITS PRINCIPAL EXECUTIVE OFFICE:

AGILENT TECHNOLOGIES, INC.
5301 STEVENS CREEK BOULEVARD
SANTA CLARA, CALIFORNIA 95051

 



TABLE OF CONTENTS

PAGE
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 1
 
FINANCIAL STATEMENTS
 
       Statements of net assets available for benefits 2
 
       Statements of changes in net assets available for benefits 3
 
       Notes to financial statements 4
 
SUPPLEMENTAL SCHEDULES REQUIRED BY THE DEPARTMENT OF LABOR
 
       Schedule H, line 4(a) – Schedule of delinquent participant contributions 15
 
       Schedule H, line 4(i) – Schedule of assets (held at end of year) 16



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Participants and
Plan Administrator of the
Agilent Technologies, Inc. 401(k) Plan

We have audited the financial statements of the Agilent Technologies, Inc. 401(k) Plan (the Plan) as of December 31, 2013 and 2012, and for the years then ended, as listed in the accompanying table of contents. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the Plan’s management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2013 and 2012, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules, as listed in the accompanying table of contents, are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, as amended. These supplemental schedules are the responsibility of the Plan’s management. The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.

/s/ Moss Adams LLP

Campbell, California
June 25, 2014

1



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
(in thousands)

      December 31,
2013       2012
Assets:
       Investments, at fair value $      2,302,307 $      1,961,599
 
Receivables:
       Notes receivable from participants 15,715 15,308
       Receivable from broker for securities sold 987 3,174
 
              Total receivables 16,702 18,482
 
              Total assets 2,319,009 1,980,081
 
Liabilities:
       Accrued fees payable 101 94
       Payable to broker for securities purchased 1,090 4,147
 
              Total liabilities 1,191 4,241
 
Net assets at fair value 2,317,818 1,975,840
 
       Adjustment from fair value to contract value  
              for fully benefit-responsive investment contracts (5,112 ) (12,181 )
 
Net assets available for benefits $ 2,312,706 $ 1,963,659

See accompanying notes.

2



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
(in thousands)

Years ended
December 31,
      2013       2012
Additions to net assets attributed to:
       Investment and other income:
              Dividends and interest $      57,367 $      44,776
              Net realized and unrealized appreciation
                     in fair value of investments 342,934 182,490
 
400,301 227,266
 
       Contributions:
              Participants' 70,497 69,064
              Employer's 25,184 24,842
 
95,681 93,906
   
                            Total additions 495,982 321,172
 
Deductions from net assets attributed to
       withdrawals and distributions 146,935 114,579
 
Net increase in net assets 349,047 206,593
 
Net assets available for benefits:
       Beginning of year 1,963,659 1,757,066
 
       End of year $ 2,312,706 $ 1,963,659

See accompanying notes.

3



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
 

NOTE 1 – THE PLAN AND ITS SIGNIFICANT ACCOUNTING POLICIES

General The following description of the Agilent Technologies, Inc. 401(k) Plan (the Plan) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.

The Plan is a defined contribution plan that was established in 2000 by Agilent Technologies, Inc. (the Company) to provide benefits to eligible employees, as defined in the Plan document. The Plan administrator believes that the Plan is currently designed and operated in compliance with the applicable requirements of the Internal Revenue Code of 1986 (the Code), as amended, and the provisions of the Employee Retirement Income Security Act of 1974 (ERISA), as amended. The Company intends that the Plan be qualified pursuant to Sections 401(a) and 401(k) of the Code.

Administration The Board of Directors of the Company has appointed a Benefits Committee (the Committee) with certain authority to manage the policy, design and administration of the Plan. The Company has contracted with Fidelity Management Trust Company (Fidelity) to act as the trustee and an affiliate of Fidelity to process and maintain the records of participant data. Substantially all expenses incurred for administering the Plan are paid by the Company.

Estimates – The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Plan’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.

Basis of accounting – The financial statements of the Plan are prepared on the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America.

Investments valuation and income recognitionInvestments of the Plan are held by Fidelity, as trustee, and invested based solely upon instructions received from participants.

The Plan’s investments are stated at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note 3 for discussion of fair value measurements.

Purchases and sales of securities are recorded on a trade date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation includes the Plan’s gains and losses on investments bought or sold as well as held during the year.

Investment contracts held by a defined contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount the participants would receive if they were to initiate permitted transactions under the terms of the Plan. The statements of net assets available for benefits present the fair value of the investment contracts as well as the adjustment to fully benefit-responsive investment contracts from fair value to contract value. The statements of changes in net assets available for benefits are prepared on a contract value basis.

4



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
 

Notes receivable from participants – Notes receivable from participants (notes receivable) are measured at their unpaid principal balance plus any accrued but unpaid interest. Delinquent notes receivable are reclassified as distributions based upon the terms of the Plan document.

Income taxes – The Plan has been amended since receiving its latest favorable determination letter dated October 24, 2013. The Company believes that the Plan is operated in accordance with, and qualifies under, the applicable requirements of the Code and related state statutes, and that the trust, which forms a part of the Plan, is exempt from federal income and state franchise taxes.

In accordance with guidance on accounting for uncertainty in income taxes (ASC 740-10), management evaluated the Plan’s tax positions and does not believe the Plan has any uncertain tax positions that require disclosure or adjustment to the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan Administrator believes the Plan is no longer subject to income tax examinations for years prior to 2010.

Risks and uncertainties – The Plan provides for various investment options in any combination of investment securities offered by the Plan, including the Company’s common stock. Investment securities are exposed to various risks, such as interest rate, market fluctuations and credit risks. Due to the risk associated with certain investment securities, it is at least reasonably possible that changes in market values, interest rates or other factors in the near term would materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits and the statements of changes in net assets available for benefits.

Subsequent events – The Plan has evaluated subsequent events through June 25, 2014, which is the date the financial statements were available to be issued.

NOTE 2 – STABLE VALUE FUND

Stable Value Fund – The Stable Value Fund’s objective is to protect principal while providing a higher rate of return than shorter maturity investments, such as money market funds or certificates of deposit. To achieve this, the Stable Value Fund invests in instruments which are not expected to experience significant price fluctuation in most economic or interest rate environments. However, there is no assurance that this objective can be achieved.

The Plan’s Stable Value Fund is composed primarily of investments in bank collective funds and synthetic investment contracts (synthetic GICs) and a traditional investment contract (traditional GIC). Since the Stable Value Fund is fully benefit responsive, contract value is the relevant measurement attribute for that portion of the net assets available for benefits attributable to the investments included in the Stable Value Fund. Contract value represents contributions made plus interest accrued at the contract rate, less withdrawals. Traditional GICs are issued by insurance companies and typically pay a guaranteed fixed or floating rate of interest over the life of the contract with a repayment of principal at maturity. A Synthetic GIC is similar to a Traditional GIC but has unbundled the insurance and investment components of the Traditional GIC. Synthetic GICs consist of various contracts with banks or other institutions which provide for fully benefit-responsive withdrawals and transfers by Plan participants in the Stable Value Fund at contract value. The fund requires 30 days advance written notice prior to redemption at the Plan level.

5



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
 

The Plan’s GICs consist of the following (in thousands):

As of December 31, 2013:

Major Year-end Investments Investment Adjustments
credit contract at fair contracts at to contract value
Carrier Name       ratings       value(1)       value (1)       fair value       (2)
Traditional GIC
Jackson National Life Insurance AA/A1/AA $      4,745 $      4,809 $                 (64 )
Synthetic GICs    
Monumental Life Insurance Co. AA-/A1/AA- 82,146 $      83,785 63 (1,702 )
Prudential Insurance Co. AA-/A1/A+ 77,852 79,576 (1,724 )
RGA Reinsurance Co. AA-/A1/A+ 84,259 85,881 (1,622 )
 
Total $ 249,002 $ 249,242 $ 4,872 $ (5,112 )
____________________
 
(1)  Note: Total year-end contract value and investments at fair value do not include assets held in cash, which are approximately $18,784,000 as of December 31, 2013.
(2) Adjustments from fair value to contract value for fully benefit-responsive investment contracts.

As of December 31, 2012:

Major Year-end Investments Investment Adjustments
credit contract at fair contracts at to contract value
Carrier Name       ratings       value       value (1)       fair value       (2)
Traditional GIC
Jackson National Life Insurance AA/A1/AA $      4,664 $      4,744 $              (80 )
Synthetic GICs    
Monumental Life Insurance Co. AA-/A1/AA- 79,853 $      84,526 59 (4,732 )
Natixis Financial Products Inc. A/A2/A+ 67,712 72,110 (4,398 )
RGA Reinsurance Co. AA-/A1/A+ 70,638 73,609 (2,971 )
 
Total $ 222,867 $ 230,245 $ 4,803 $ (12,181 )
____________________
 
(1)  Note: Total year-end contract value and investments at fair value do not include assets held in cash, which are approximately $18,649,000 as of December 31, 2012.
(2) Adjustments from fair value to contract value for fully benefit-responsive investment contracts.

There are no reserves against contract value for credit risk of the contract issuer or otherwise. The crediting interest rate is based on a formula agreed upon with the contract issuer, but it may not be less than zero. Such interest rates are reviewed on a periodic basis for resetting. The relationship of future crediting rates and the adjustment to contract value reported on the statements of net assets available for benefits is provided through the mechanism of the crediting rate formula. The difference between the contract value and the fair value of the investments of each contract is periodically amortized into each contract’s crediting rate. The amortization factor is calculated by dividing the difference between the fair value of the investment and the contract value of the duration of the bond portfolio covered by the investment contract.

6



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
 

The average yields on the fund are as follows for the years ended December 31:

      2013       2012
Average yields:  
       Based on actual earnings   2.24% 2.60%
       Based on interest rate credited to participants 2.20% 2.48%

The key factors that could influence future interest crediting rates include, but are not limited to: (1) the Plan’s cash flows, (2) changes in interest rates, (3) total return performance of the fair market value bond strategies underlying each synthetic GIC contract, (4) default or credit failures of any of the securities, investment contracts or other investments held in the fund, or (5) the initiation of an extended termination of one or more of the synthetic GIC contracts by the contract issuer.

Certain employer initiated events or other external events not initiated by Plan participants will limit the ability of the Plan to transact at contract value with the issuer. Such events include but are not limited to, the following: (1) the Plan’s failure to qualify under the Internal Revenue Code of 1986, as amended, (2) amendments to the Plan documents (including complete or partial Plan termination or merger with another plan), (3) changes to the Plan’s prohibition on competing investment options or establishment of a competing plan by the Plan sponsor, (4) bankruptcy of the Plan sponsor or other Plan sponsor events (for example, divestitures or spin-offs of a subsidiary) that cause a significant withdrawal from the Plan or (5) events resulting in a material and adverse financial impact on the contract issuer, including changes in the tax code, laws or regulations. The Plan administrator does not believe that the occurrence of any such value event, which would limit the Plan’s ability to transact at contract value with participants, is probable.

The synthetic GICs do not permit the contract issuer to terminate the agreement prior to the scheduled maturity date unless there is a breach in contract which is not corrected within the specified cure period.

NOTE 3 – FAIR VALUE MEASUREMENTS

The fair value measurements standard establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy under the standard are described below:

Basis of fair value measurement

Level 1 – Unadjusted quoted prices for identical assets in active markets that the Plan has the ability to access.

Level 2 – Quoted prices for similar assets in active markets; quoted prices for identical or similar assets in inactive markets; inputs other than quoted prices that are observable for the asset; and inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset or liability has a specified (contractual) term, the level 2 input must be observable for substantially the full term of the asset or liability.

Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement.

7



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
 

The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs.

Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2013 and 2012.

Bank collective funds: Investments are stated at fair value determined as of the close of regular trading. The index funds and U.S. government securities are valued at the net asset value (NAV) of units held as determined by the trustee. The NAV is based on the fair value of the underlying investments held by the fund less its liabilities. The guaranteed investment contracts are valued at fair value by the insurance company by discounting the related cash flows based on current yields of similar instruments with comparable durations considering the credit worthiness of the issuer (see Note 2).

Wrapper contracts: Valued utilizing replacement cost methodology.

Collective trust funds: Valued at the NAV of units held of a bank collective trust. The NAV is based on the fair value of the underlying investments held by the fund less its liabilities.

Mutual funds and money market funds: Valued at the NAV of shares held by the Plan at year end based on the closing price reported on the active market on which the individual funds are traded.

Common stocks and employer stock: Valued at the closing price reported on the active market on which the individual securities are traded.

The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.

8



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
 

The following tables set forth by level within the fair value hierarchy, the Plan’s assets at fair value, as of December 31, 2013 and 2012.

Investment Assets at Fair Value as of December 31, 2013

(in thousands)
Description       Level 1       Level 2       Level 3       Total
Mutual funds:
       Index funds $           442,020 $      442,020
       Growth funds 739,976 739,976
       Fixed income 154,006 154,006
       Other funds 9,024 9,024
       Total mutual funds 1,345,026 1,345,026
 
Common stocks:
       Industrial 2,442 2,442
       Telecommunications 3,064 3,064
       Consumer 7,831 7,831
       Financial institutions 6,378 6,378
       Energy 6,381 6,381
       Media 1,631 1,631
       Pharmaceuticals 4,182 4,182
       Technology 5,151 5,151
       Transportation 1,703 1,703
       Other 2,851 2,851
       Total common stocks 41,614 41,614
 
Bank collective funds:
       Index funds $      206,720 206,720
       U.S. government securities 34,975 34,975
       Guaranteed investment contract 249,242 249,242
       Wrapper contracts $      4,872 4,872
       Total bank collective funds 490,937 4,872 495,809
 
Collective trust fund 338,612 338,612
Employer stock 61,462 61,462
Money market funds 19,784 19,784
Total assets at fair value $ 1,467,886 $ 829,549 $ 4,872 $ 2,302,307

9



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
 

Investment Assets at Fair Value as of December 31, 2012

(in thousands)
 
Description       Level 1       Level 2       Level 3       Total
Mutual funds:
       Index funds $      316,885 $      316,885
       Balanced funds 239,792 239,792
       Growth funds 592,122 592,122
       Fixed income 201,482 201,482
       Other funds 6,466 6,466
       Total mutual funds 1,356,747 1,356,747
 
Common stocks:
       Industrial 3,210 3,210
       Telecommunications 536 536
       Consumer 7,058 7,058
       Financial institutions 4,849 4,849
       Energy 4,414 4,414
       Media 2,388 2,388
       Pharmaceuticals 2,734 2,734
       Technology 3,397 3,397
       Other 1,106 1,106
       Total common stocks 29,692 29,692
 
Bank collective funds:
       Index funds $      178,000 178,000
       U.S. government securities 60,200 60,200
       Guaranteed investment contract 230,245 230,245
       Wrapper contracts $      4,803 4,803
       Total bank collective funds 468,445 4,803 473,248
 
Collective trust fund 30,489 30,489
Employer stock 51,016 51,016
Money market funds 20,407 20,407
Total assets at fair value $ 1,457,862 $ 498,934 $ 4,803 $ 1,961,599

NOTE 4 – RELATED PARTY TRANSACTIONS

Certain Plan investments are managed by an affiliate of Fidelity, the trustee of the Plan. Any purchases and sales of these funds are performed in the open market at fair value. Such transactions, while considered party-in-interest transactions under ERISA regulations, are permitted under the provisions of the Plan and are specifically exempt from the prohibition of party-in-interest transactions under ERISA.

As allowed by the Plan, participants may elect to invest a portion of their accounts in the Agilent Technologies Stock Fund (the Fund), which is primarily invested in shares of Company common stock. Investments in the Fund are at the direction of the Plan participants. Participants are not permitted to allocate more than 25% of their total contributions, including Company matching contributions, to the Fund and the maximum amount of the participant’s account balance that can be allocated to the Fund is limited to 25% of the participant’s account. Effective as of December 28, 2012, the Plan was amended to provide that if a participant’s total investment in the Fund is greater than 25% of the participant’s total Plan account balance, the amount in excess of the limit must be transferred to a different investment option available under the Plan. If an affected participant did not make an alternative investment election, the amount in excess of the limit was transferred to the Plan’s default investment option. The shares of Company common stock are traded in the open market.

10



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
 

The number of shares of the Company common stock in the Fund was 1,074,707 and 1,246,120 as of December 31, 2013 and 2012, respectively. The fair value of the Company common stock included in the Fund was approximately $61,462,000 and $51,016,000 at December 31, 2013 and 2012, respectively. The Fund assigns units of participation to those participants with account balances in the Fund. The total number of units in the Fund at December 31, 2013 and 2012 was 1,467,880 and 1,693,270, respectively, and the net unit value was $42.32 and $30.37, respectively, at these dates. The Fund is comprised primarily of Company common stock purchased on the open market. The Fund also includes a minor investment in the Fidelity Institutional Money Market Fund.

In January 2012, the Company approved the initiation of a quarterly cash dividend to Company shareholders. As a result, the Company determined that it was desirable to convert the Fund to an Employee Stock Ownership Plan component under the 401(k) Plan (the “ESOP”). The Company’s Compensation Committee approved the ESOP conversion in March 2012 and the Benefits Committee approved it in June 2012. Effective June 27, 2012, the Plan was amended to adopt the ESOP conversion. Under the terms of the ESOP, participants may elect to either receive any dividends in cash or reinvest the dividends into the Fund.

NOTE 5 – PARTICIPATION AND BENEFITS

Eligibility – Employees who are eligible to participate in the Plan include those employees of the Company and its designated domestic subsidiaries who are on the U.S. dollar payroll and who are employed as regular full-time or regular part-time employees of the Company. There is no waiting period for eligibility.

Participant contributions – Upon initially becoming an eligible employee, a participant is deemed to have elected a 3% pre-tax deferral effective on the first day of commencement of participation, unless that employee makes a change to that election in the manner prescribed by the Plan. Participating employees can elect to have the Company contribute up to 50% of their eligible pre-tax or after-tax compensation, not to exceed the amount allowable under the Plan document and current income tax regulations. Participants who elect to have the Company contribute a portion of their compensation to the Plan agree to accept an equivalent reduction in taxable or taxed compensation. Contributions withheld are invested in accordance with the participant’s direction. The Plan also allows eligible participants to make a catch-up contribution up to the maximum allowed under current income tax regulations.

Participants are also allowed to make rollover contributions of eligible distributions received from other tax-qualified employer-sponsored retirement plans. Such contributions are deposited in the appropriate investment funds in accordance with the participant’s direction and the Plan’s provisions.

Employer contributions – The Company makes matching contributions as required by the Plan document. In 2013 and 2012, the Company matched 100% of the employee’s salary deferral for the first 3% of employee’s eligible pre-tax or taxed compensation, and 50% of the employee’s salary deferral for the next 2% of employee’s eligible pre-tax or taxed compensation. The Company matching contribution was deposited into the individual employee’s Plan account after the end of each pay period.

Both employee deferrals and Company contributions in 2013 and 2012 have been made in cash for all funds; however, Company contributions may be made in either cash or common stock of the Company. No Company contributions have been made in the form of common stock of the Company in 2013 and 2012.

11



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
 

Vesting Participants are 100% vested in their salary deferrals of eligible pre-taxed or taxed compensation, rollover contributions, and Company matching contributions, subject to the terms of the Plan.

Participant accounts – Each participant’s account is credited with the participant’s salary deferrals of eligible pre-taxed or taxed compensation, Plan earnings or losses and an allocation of the Company’s matching contribution. Allocation of the Company’s matching contribution is based on participant salary deferrals of eligible pre-taxed or taxed compensation, as defined in the Plan.

Participants can transfer their invested funds among the available investment options and/or change the investment of their future contributions as often as desired. These transfers and changes must be made in whole percent increments. Initial contributions for new hires are automatically invested in the retirement age-appropriate Vanguard Target Retirement Fund, the fund designated as the Plan default fund until the participant makes a change to that investment election.

Payment of benefits – Upon termination of employment, the participants or beneficiaries may elect to leave their account balance in the Plan, or receive their total benefits in a lump sum amount equal to the value of the participant’s interest in their account, in the form of rollovers or payments in cash and Company stock. The Plan allows for automatic lump sum distribution of participant account balances that do not exceed $1,000.

Notes receivable from participants – The Plan allows participants to borrow not less than $1,000 and up to the lesser of $50,000 or 50% of their account balance. The notes receivable are secured by the participant’s balance. Such notes receivable bear interest at a rate fixed at the time of the loan at the prime rate plus one-half percent and must be repaid to the Plan between one year and four years. Generally, notes receivable are repaid semi-monthly via automatic payroll deduction. The Plan allows terminated participants to electronically continue to repay their notes receivable after termination of employment. The specific terms and conditions of such notes receivable are established by the Committee. Outstanding notes receivable at December 31, 2013 carry interest rates ranging from 3.75% to 9.25%.

NOTE 6 – INVESTMENTS

The following table is a summary of the fair values of investments and investment funds that represent 5% or more of the Plan’s net assets at December 31 (in thousands):

      2013       2012
Pyramid Intermediate Fixed Income Fund $       163,361 $       *
Pyramid Short Managed Maturing Fund * 156,635
BlackRock ACWI Ex US Non-Lending Index 130,433 100,541
Fidelity Contrafund 260,286 210,060
Fidelity Low-Priced Stock Funds 157,122 121,072
Harbor Capital Appreciation Fund 188,163 148,071
PIMCO Total Return Fund 154,006 201,482
Vanguard Extended Market Index Fund 135,511 *
Vanguard Institutional Index Plus Fund 306,509 228,222
____________________

* Less than 5% of the Plan’s net assets at year end

12



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
 

The Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year appreciated in value as follows for the years ended December 31 (in thousands):

      2013       2012
Common stock   $       29,558 $       15,289
Bank collective funds 9,495 20,542
Collective trust funds 26,300 3,869
Mutual funds 277,581 142,790
$ 342,934 $ 182,490

NOTE 7 – RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 (in thousands):

December 31,
      2013       2012
Net assets available for benefits per the financial statements $       2,312,706 $       1,963,659
Adjustment from contract value to fair value for fully benefit-responsive investment
       contracts 5,112 12,181
Net assets available for benefits at fair value per the Form 5500 $ 2,312,818 $ 1,975,840

As described in Note 1, fully benefit-responsive investment contracts are reported at fair value in the Form 5500 and are reported at contract value in the financial statements.

The following is a reconciliation of the affected components of the changes in net assets available for benefits per the financial statements to the Form 5500 (in thousands) for the year ended December 31, 2013:

Amount per the
financial Adjustment to Amount per the
        statements       fair value       Form 5500
Investment and other income $            400,301 $            (7,069 ) $            393,232

NOTE 8 – PLAN TERMINATION OR MODIFICATION

The Company intends to continue the Plan indefinitely for the benefit of its participants; however, it reserves the right to terminate or modify the Plan at any time by resolution of its Board of Directors and subject to the provisions of ERISA.

13



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
NOTES TO FINANCIAL STATEMENTS
 

NOTE 9 – SUBSEQUENT EVENTS

In June 2012, the Company acquired Dako, a Denmark based cancer diagnostics company. The Dako 401(k) Plan was merged into the Agilent Plan on May 1, 2014 and approximately $39 million was transferred into the Plan.

The Agilent Stock Fund will be eliminated as an investment option effective July 31, 2014.

As of August 1, 2014 (the “Transaction Date”), Agilent Technologies, Inc. will create a wholly-owned subsidiary titled Keysight Technologies, Inc. (“Keysight”) in order to complete a planned corporate separation of the Keysight operations as of the Transaction Date and subsequent distribution of all outstanding Keysight common stock to Agilent’s shareholders as of November 1, 2014. In connection with this transaction, the Keysight Technologies, Inc. 401(k) Plan (the “Keysight 401(k) Plan”) will be established as of the Transaction Date, and the portion of the assets and liabilities of the Plan attributable to certain Participants in the Keysight 401(k) Plan who had participated in the Plan (“Former Agilent Participants”) are expected to be transferred to the Keysight 401(k) Plan as of the Transaction Date. On and after the Transaction Date, all Former Agilent Participants’ Plan Benefits will be payable from the Keysight 401(k) Plan rather than the Plan.

14



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
SCHEDULE H, LINE 4(a) – SCHEDULE OF DELINQUENT PARTICIPANT CONTRIBUTIONS
December 31, 2013
 

Plan sponsor: Agilent Technologies, Inc.
Employer identification number: 77-051772
Plan number: #003
Schedule H, Line 4(a)

Totals that constitute nonexempt prohibited transactions
Corrected in
Participant Contributions accordance with
contributions Contributions pending the principles of
transferred late   Contributions corrected   correction VFCP and PTE
to Plan       not corrected        outside VFCP       in VFCP       2002-51
$1,915 $1,915

15



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
SCHEDULE H, LINE 4(i) – SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2013

Plan sponsor: Agilent Technologies, Inc.
Employer identification number: 77-051772
Plan number: #003
Schedule H, Line 4(i)

Identity of issue, borrower, Description of investment including maturity date, Current
            lessor or similar party       rate of interest, collateral, par or maturity value       value
Stable Value Fund Holdings:  
*        Money Market Money market $ 18,783,725
                             
       Pyramid Intermediate Fixed Income Fund Bank Collective Fund 163,361,273
           Pyramid Intermediate Managed Maturing Fund Bank Collective Fund 41,899,455
       Pyramid Short Managed Maturing Fund Bank Collective Fund 43,980,878
              Total bank collective funds 249,241,606
 
       Jackson National Life Insurance Wrapper Contracts 4,808,985
       Monumental Life Insurance Co Wrapper Contracts 63,001
              Total investment contracts at fair value 4,871,986
 
Total fair value of underlying assets of Stable Value Fund 272,897,317
 
BlackRock US Debt Index Fund Bank Collective Fund 76,287,346
BlackRock ACWI Ex US Non-Lending Index Bank Collective Fund 130,432,650
State Street Global Advisors TIPS Fund Bank Collective Fund 34,974,774
Small Cap Core - Copper Rock Small Cap Collective Trust Fund 39,278,386
Harbor Capital Appreciation Fund Mutual Fund 188,162,911
Templeton Foreign Fund A Mutual Fund 94,453,221
PIMCO Total Return Fund Mutual Fund 154,005,685
Domini Social Equity Fund Mutual Fund 9,025,632
Small Cap Core - Goldman Sachs Mutual Fund 39,951,444
* Agilent Technologies, Inc. common stock Common Stock 61,462,493
*        Fidelity Institutional Money Market Fund   Money Market 692,276
* Fidelity Contrafund Mutual Fund 260,286,262
* Fidelity Low-Priced Stock Fund Mutual Fund 157,122,110
Vanguard Extended Market Index Fund Mutual Fund 135,510,695
Vanguard Institutional Index Fund Mutual Fund 306,509,272
Vanguard Target Retirement Income Fund Collective Trust Fund 10,086,537
Vanguard Target Retirement 2010 Fund Collective Trust Fund 14,869,304
Vanguard Target Retirement 2015 Fund Collective Trust Fund 40,468,226
Vanguard Target Retirement 2020 Fund Collective Trust Fund 60,058,314
Vanguard Target Retirement 2025 Fund Collective Trust Fund 55,715,432
Vanguard Target Retirement 2030 Fund Collective Trust Fund 36,048,057
Vanguard Target Retirement 2035 Fund Collective Trust Fund 31,577,214
Vanguard Target Retirement 2040 Fund Collective Trust Fund 26,573,410
Vanguard Target Retirement 2045 Fund Collective Trust Fund 12,451,037
Vanguard Target Retirement 2050 Fund Collective Trust Fund 8,769,811
Vanguard Target Retirement 2055 Fund Collective Trust Fund 2,444,011
Vanguard Target Retirement 2060 Fund Collective Trust Fund 272,373
 
AllianceBernstein US Value Equities Portfolio:
*        Fidelity Institutional Money Market Fund Money Market 307,941

16



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
SCHEDULE H, LINE 4(i) – SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2013

Identity of issue, borrower, Description of investment including maturity date, Current
            lessor or similar party       rate of interest, collateral, par or maturity value       value
       3M CO Common Stock 52,594
       AETNA Inc Common Stock 404,681
       AMDOCS LTD Common Stock 140,216
       American Electric Power Common Stock 112,176
       American FINL Group Inc OHIO Common Stock 334,776
       American International Group Common Stock 678,965
       AON PLC Common Stock 486,562
       Apple Inc Common Stock 911,804
       Applied Materials Inc Common Stock 366,183
       Arrow Electronics Inc Common Stock 238,700
       Assurant Inc Common Stock 232,295
       AT&T Inc Common Stock 657,492
       Atmos Energy Corp Common Stock 222,558
       Bank Of America Corp Common Stock 1,005,822
       Berkshire Hathaway Inc CL B Common Stock 130,416
       Boeing Co Common Stock 122,841
       Capital One Financial Corp Common Stock 589,897
       Celgene Corp Common Stock 84,480
       Centerpoint Energy Inc Common Stock 217,892
       Centurylink Inc Common Stock 79,625
       Chesapeake Energy Corp Common Stock 24,426
       Chevron Corp Common Stock 899,352
       CHUBB Corp Common Stock 521,802
       CISCO System Inc Common Stock 424,305
       CIT Group Inc Common Stock 453,531
       CITIGROUP Inc Common Stock 875,448
       COCA COLA Co Common Stock 53,703
       COCA-COLA Enterprises Inc New Common Stock 24,272
       Colgate-Palmolive Co Common Stock 24,454
       Comcast Corp CL A Common Stock 207,860
       Covidien PLC Common Stock 112,365
       CVS Caremark Corp Common Stock 193,239
       DELTA Air Inc Common Stock 167,567
       Discover Fin Svs Common Stock 408,435
       DTE Energy Co        Common Stock 23,236
       E Trade Financial Corp Common Stock 159,084
       Edison Intl Common Stock 463,000
       Electronic Arts Inc Common Stock 442,742
       Everest Reinsurance Group LTD Common Stock 120,799
       Exxon Mobil Corp Common Stock 941,160
       FEDEX Corp Common Stock 25,160
       FIFTH THIRD BANCORP Common Stock 63,090
       Ford Motor Co Common Stock 450,556
       Gamestop Corp CL A Common Stock 349,746
       Gannett Inc Common Stock 357,918
       General Electric Co Common Stock 997,868
       General Motors Co Common Stock 465,918
       Genworth Financial Inc A Common Stock   385,144
       Gilead Sciences Inc Common Stock 270,540
       Glaxosmithkline PLC Spons ADR Common Stock 405,764
       Goldman Sachs Group Inc Common Stock 416,561
       Google Inc A Common Stock 392,249
                             
17



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
SCHEDULE H, LINE 4(i) – SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2013

Identity of issue, borrower, Description of investment including maturity date, Current
            lessor or similar party       rate of interest, collateral, par or maturity value       value
       Halliburton Co Common Stock 482,125
       Harris Corp Common Stock 356,031
       Health Net Inc Common Stock 166,152
       Hess Corp Common Stock 705,500
       Hewlett-Packard Co Common Stock 808,622
       Hollyfrontier Corp Common Stock 21,118
       Home Depot Inc Common Stock 172,914
       Huntington Bancshares Inc Common Stock 53,075
       Illinois Tool Works Inc Common Stock 538,112
       ING US Inc Common Stock 108,965
       Ingersoll Rand PLC Common Stock 20,020
       INTL BUS MACH Corp Common Stock 161,310
       Johnson & Johnson Common Stock 1,034,967
       JPMorgan Chase & Co Common Stock 678,368
       KEYCORP Common Stock 26,840
       Kimberly Clark Corp Common Stock 57,453
       Kraft Foods Group Inc Common Stock 40,440
       Kroger Co Common Stock 616,668
       LAM Research Corp Common Stock 234,135
       Lear Corp New Common Stock 129,552
       Liberty Global PLC CL A Common Stock 160,805
       Liberty Global PLC CL C Common Stock 286,772
       Lincoln National Corp Common Stock 480,066
       Lowes Cos Inc Common Stock 247,750
       Lyndellbasell Inds Class A Common Stock 746,604
       Macys Inc Common Stock 391,155
       Marathon Oil Corp Common Stock 49,420
       Marathon Petroleum Corp Common Stock 660,456
       MasterCard Inc CL A Common Stock 104,432
       McDonald Corp Common Stock 67,921
       McGraw Hill Financial Inc Common Stock 52,785
       Medtronic Inc Common Stock 619,812
       Merck & Co Inc New Common Stock 445,445
       Metlife Inc Common Stock 37,744
       MICRON Technology Inc Common Stock 198,016
       Microsoft Corp Common Stock 456,646
       Mondelez International Inc Common Stock 77,660
       Nabors Industries LTD Common Stock 98,542
       NIKE Inc CL B Common Stock 58,980
       Northrop Grumman Corp Common Stock 97,419
       NVIDIA Corp Common Stock 22,428
       Occidental Petroleum Corp Common Stock 684,720
       Oracle Corp Common Stock 294,602
       Parker Hannifin Corp Common Stock 86,832
       Partnerre LTD Common Stock 442,806
       Pepsico Inc Common Stock 149,292
                               
18



AGILENT TECHNOLOGIES, INC.
401(k) PLAN
SCHEDULE H, LINE 4(i) – SCHEDULE OF ASSETS (HELD AT END OF YEAR)
December 31, 2013

Identity of issue, borrower, Description of investment including maturity date, Current
            lessor or similar party       rate of interest, collateral, par or maturity value       value
       PFIZER Inc Common Stock 1,359,972
       Philip Morris Intl Inc Common Stock 461,789
       Phillips 66 Common Stock 158,116
       PNC Financial Services GRP Inc Common Stock 46,548
       PPL Corporation Common Stock 19,559
       Procter & Gamble Co Common Stock   488,460
       PulteGroup Inc Common Stock 468,510
       Regal Entertainment Group CL A Common Stock 95,305
       Regions Financial Corp Common Stock 29,670
       Reinsurance Group Of America Common Stock 135,468
       Roche Holding LTD Spon ADR Common Stock 224,640
       Sempra Energy Common Stock 24,684
       Staples Inc Common Stock 22,246
       State Street Corp Common Stock 113,754
       Suntrust Banks Inc Common Stock 150,921
       Symantec Corp Common Stock 220,473
       TE Connectivity LTD Common Stock 30,310
       Time Warner Inc Common Stock 216,132
       TJX Companies Inc Common Stock 739,268
       Travelers Companies Inc Common Stock 117,702
       TRW Automotive HLDGS Corp Common Stock 342,194
       Twenty First Century Fox Inc A Common Stock 457,340
       UGI Corp New Common Stock 178,278
       Union Pacific Corp Common Stock 121,800
       UNUM Group Common Stock 22,802
       US Bancorp Del Common Stock 177,760
       Valero Energy Corp Common Stock 660,240
       Vertex Pharmaceuticals Inc Common Stock 163,460
       VIACOM Inc CL B Common Stock 353,727
       VISA Inc CL A Common Stock 66,804
       Vodafone Group PLC Spon ADR Common Stock 499,237
       WAL MART Stories Inc Common Stock 157,380
       WellPoint Inc Common Stock 101,629
       Wells Fargo & Co Common Stock 967,020
       Xerox Corp Common Stock 546,433
       XL Group PLC Common Stock 19,104
       Thomson Reuters Corp Foreign Stock 32,147
                               
              Total fair value of common stock 41,613,628
 
              Total fair value of underlying assets of AllianceBernstein
                     US Value Equities 41,921,569
 
* Notes receivable from participants Interest rates ranging from 3.75% to 9.25% 15,714,569
 
Total   $ 2,318,022,338
____________________

* Party-in-interest

19



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 thereunto duly authorized.

AGILENT TECHNOLOGIES, INC.
 
 
Dated: June 25, 2014 By:    
  Guillermo Gualino
Vice President, Treasurer

20



EXHIBIT INDEX

Exhibit
Number       Description
23.1 Consent of Moss Adams LLP

21