Item 1A. RISK FACTORS
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Item 1A. RISK FACTORS
There have been no material changes in risk factors for the Company in the period covered by this report. For information regarding factors that could affect the Company’s results of operations, financial condition and liquidity, see the risk factors discussed in Part I, “Item 1A. Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
A summary of our ordinary shares repurchased during the three months ended March 31, 2026, is shown below:
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share (2) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet be Purchased Under the Program (in millions) (3) | ||||||||||||||||||||||
| January 1, 2026 to January 31, 2026 | — | $ | — | — | $ | 2,115 | ||||||||||||||||||||
| February 1, 2026 to February 28, 2026 | 151,863 | $ | 76.04 | 151,863 | $ | 2,104 | ||||||||||||||||||||
| March 1, 2026 to March 31, 2026 | 896,574 | $ | 71.04 | 896,574 | $ | 2,040 | ||||||||||||||||||||
| Total | 1,048,437 | $ | 71.76 | 1,048,437 |
| (1) | The total number of shares purchased under the plans authorized by the Board of Directors are described below. | ||||
| (2) | Excluding commissions. | ||||
| (3) | In July 2024, the Board of Directors authorized a new share repurchase program of up to $5.0 billion. This program commenced following completion of the Company’s January 2019 share repurchase program of up to $2.0 billion. The timing of repurchases is dependent on price, market conditions and applicable regulatory requirements. | ||||
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