AGILENT TECHNOLOGIES, INC.

Regulatory Filings • Mar 3, 2021

305B2 1 d133879d305b2.htm 305B2 305B2

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939

OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

☒ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)

Citibank, N.A.

A National Banking Association	13-5266470
	(I.R.S. employer identification no.)
388 Greenwich Street, New York, New York	10013
(Address of principal executive office)	(Zip code)

Agilent Technologies, Inc.

(Exact name of Registrant as specified in its charter)

Delaware
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)

5301 Stevens Creek Boulevard

Santa Clara, California 95051

(Address, including zip code and telephone number, including area code, of registrant’s principal executive offices)

Debt Securities

ITEM 1. General information. Furnish the following information as to the Trustee:

(a) Name and address of each examining or supervising authority to which it is subject.

Name	Address
Comptroller of the Currency	Washington, D.C.

Federal Reserve Bank of New York	33 Liberty Street, New York, NY
Federal Deposit Insurance Corporation	Washington, D.C.

(b) Whether it is authorized to exercise corporate trust powers.

Yes.

ITEM 2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

Items 3-15. Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

ITEM 16. List of Exhibits.

List below all exhibits filed as a part of this Statement of Eligibility.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as exhibits hereto.

Exhibit 1 - Copy of Articles of Association of the Trustee, as now in effect. (Exhibit 1 to T-1 to Registration Statement No. 2-79983).

Exhibit 2 - Copy of certificate of authority of the Trustee to commence business. (Exhibit 2 to T-1 to Registration Statement No. 2-29577).

Exhibit 3 - Copy of authorization of the Trustee to exercise corporate trust powers. (Exhibit 3 to T-1 to Registration Statement No. 2-55519).

Exhibit 4 - Copy of existing By-Laws of the Trustee. (Exhibit 4 to T-1 to Registration Statement No. 33-34988).

Exhibit 5 - Not applicable.

Exhibit 6 - The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939 (Exhibit 6 to T-1 to Registration Statement No. 33-19227).

Exhibit 7 - Report of Condition of Citibank, N.A. as of December 31, 2020 published pursuant to the law or the requirements of its supervising or examining authority, attached as Exhibit 7.

Exhibit 8 - Not applicable.

Exhibit 9 - Not applicable.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Citibank, N.A., a national banking association organized and existing under the laws of the United States of America, has duly caused this Statement of Eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York, on the 3 rd day of March, 2021.

CITIBANK, N.A.
By: /s/ Danny
Lee
Name: Danny Lee
Title: Senior Trust Officer

Exhibit 7

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

	December 31, 2019	March 31, 2020 (1)		June 30, 2020 (1)		September 30, 2020		December 31, 2020 (2)		3Q20		4Q19
Assets
Cash and due from banks (including segregated cash and other deposits)	$ 23,967	$	23,755	$	22,889	$	25,308	$	26,349		4	%	10	%
Deposits with banks, net of allowance	169,952		262,165		286,884		298,387		283,266		(5	%)	67	%
Securities borrowed and purchased under agreements to resell, net of allowance	251,322		262,536		282,917		289,358		294,712		2	%	17	%
Brokerage receivables, net of allowance	39,857		68,555		51,633		51,610		44,806		(13	%)	12	%
Trading account assets	276,140		365,000		362,311		348,209		375,079		8	%	36	%
Investments
Available-for-sale debt securities, net of allowance	280,265		308,219		342,256		343,690		335,084		(3	%)	20	%
Held-to-maturity debt securities, net of allowance	80,775		82,315		83,332		96,065		104,943		9	%	30	%
Equity securities	7,523		8,349		7,665		7,769		7,332		(6	%)	(3	%)
Total investments	368,563		398,883		433,253		447,524		447,359		—		21	%
Loans, net of unearned income
Consumer	309,548		288,430		281,113		280,025		288,839		3	%	(7	%)
Corporate	389,935		432,590		404,179		386,886		387,044		—		(1	%)
Loans, net of unearned income	699,483		721,020		685,292		666,911		675,883		1	%	(3	%)
Allowance for credit losses on loans (ACLL)	(12,783	)	(20,380	)	(26,298	)	(26,426	)	(24,956	)	6	%	(95	%)
Total loans, net	686,700		700,640		658,994		640,485		650,927		2	%	(5	%)
Goodwill	22,126		21,264		21,399		21,624		22,162		2	%	—
Intangible assets (including MSRs)	4,822		4,560		4,451		4,804		4,747		(1	%)	(2	%)
Other assets, net of allowance	107,709		112,756		108,068		107,150		110,683		3	%	3	%
Total assets	$ 1,951,158	$	2,220,114	$	2,232,799	$	2,234,459	$	2,260,090		1	%	16	%
Liabilities
Non-interest-bearing deposits in U.S. offices	$ 98,811	$	113,371	$	115,386	$	121,183	$	126,942		5	%	28	%
Interest-bearing deposits in U.S. offices	401,418		462,327		490,823		497,487		503,213		1	%	25	%
Total U.S. deposits	500,229		575,698		606,209		618,670		630,155		2	%	26	%
Non-interest-bearing deposits in offices outside the
U.S.	85,692		85,439		87,479		94,208		100,543		7	%	17	%
Interest-bearing deposits in offices outside the U.S.	484,669		523,774		539,972		549,745		549,973		—		13	%
Total international deposits	570,361		609,213		627,451		643,953		650,516		1	%	14	%
Total deposits	1,070,590		1,184,911		1,233,660		1,262,623		1,280,671		1	%	20	%
Securities loaned and sold under agreements to resell	166,339		222,324		215,722		207,227		199,525		(4	%)	20	%
Brokerage payables	48,601		74,368		60,567		54,328		50,484		(7	%)	4	%
Trading account liabilities	119,894		163,995		149,264		146,990		168,027		14	%	40	%
Short-term borrowings	45,049		54,951		40,156		37,439		29,514		(21	%)	(34	%)
Long-term debt	248,760		266,098		279,775		273,254		271,686		(1	%)	9	%
Other liabilities (3)	57,979		60,141		61,269		58,003		59,983		3	%	3	%
Total liabilities	$ 1,757,212	$	2,026,788	$	2,040,413	$	2,039,864	$	2,059,890		1	%	17	%
Equity
Stockholders’ equity
Preferred stock	$ 17,980	$	17,980	$	17,980	$	17,980	$	19,480		8	%	8	%
Common stock	31		31		31		31		31		—		—
Additional paid-in capital	107,840		107,550		107,668		107,764		107,846		—		—
Retained earnings	165,369		163,782		163,515		165,303		168,272		2	%	2	%
Treasury stock, at cost	(61,660	)	(64,147	)	(64,143	)	(64,137	)	(64,129	)	—		(4	%)
Accumulated other comprehensive income (loss) (AOCI)	(36,318	)	(32,521	)	(33,345	)	(33,065	)	(32,058	)	3	%	12	%
Total common equity	$ 175,262	$	174,695	$	173,726	$	175,896	$	179,962		2	%	3	%
Total Citigroup stockholders’ equity	$ 193,242	$	192,675	$	191,706	$	193,876	$	199,442		3	%	3	%
Noncontrolling interests	704		651		680		719		758		5	%	8	%
Total equity	193,946		193,326		192,386		194,595		200,200		3	%	3	%
Total liabilities and equity	$ 1,951,158	$	2,220,114	$	2,232,799	$	2,234,459	$	2,260,090		1	%	16	%

(1) See footnote 1 on page 1.

(2) Not used.

(3) Includes allowance for credit losses for unfunded lending commitments. See page 23 for amounts by period.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.