A Dark Vector Cognition product

Item 1A. Risk Factors

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Item 1A. Risk Factors

There have been no material changes to the risk factors previously disclosed in Part I, Item 1A, of our 2025 Annual Report.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The table below sets forth certain information regarding BD’s purchases of its common stock during the fiscal quarter ended June 30, 2026.

Issuer Purchases of Equity Securities

PeriodTotal Number of Shares Purchased (1)Average Price Paid per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsMaximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (2)
April 1 – 30, 20262,452$156.00—11,513,362
May 1 – 31, 2026 (3)3,211,754124.563,211,4398,301,923
June 1 – 30, 2026———8,301,923
Total3,214,206$124.583,211,4398,301,923

(1)Includes 2,767 shares purchased during the quarter in open market transactions by the trust relating to BD’s Deferred Compensation and Retirement Benefit Restoration Plan and 1996 Directors’ Deferral Plan.

(2)Includes shares remaining under the repurchase program authorized by the Board of Directors on January 27, 2026, which permits the repurchase of up to 10 million shares of BD common stock and has no expiration date. During May 2026, BD fully utilized the repurchase program authorized by the Board of Directors on January 28, 2025, which permitted the repurchase of up to 10 million shares of BD common stock.

(3)Shares purchased includes 3,211,439 shares received upon final settlement of accelerated share repurchase (“ASR”) agreements executed in February 2026 with an aggregate value of $2 billion. The total average price paid per share in the table above reflects the volume weighted average price of BD's shares over the terms of the ASR agreements. Additional disclosures regarding the transactions are provided in Note 4 to the condensed consolidated financial statements contained in Item 1. Financial Statements.

Item 3. Defaults Upon Senior Securities

Not applicable.

Item 4. Mine Safety Disclosures

Not applicable.

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