Item 1A. Risk Factors

As of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed in our Annual Report. We may disclose changes to such factors or disclose additional factors from time to time in our future filings with the SEC.

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

Issuer purchases of equity shares

The following table presents the number and average price of shares purchased in each month of the second quarter of fiscal 2025:


(In millions, except share count and per share amount)	(a) Total Number of Shares Purchased	(b) Average Price Paid per Share	(c) Total Number of Shares Purchased as Part of Publicly Announced Program(1)	(d) Maximum Value of Shares that May Yet Be Purchased Under the Program(1)
November 1 - November 30, 2024	308,305	$206.06	308,305	$579
December 1 - December 31, 2024	671,421	$198.91	671,421	$445
January 1 - January 31, 2025	277,502	$179.88	277,502	$396
	1,257,228		1,257,228

(1)In September 2021, the Company announced a program to repurchase up to $1.0 billion of shares. In March 2022, September 2022, June 2023 and June 2024, the Company announced increases of $1.0 billion, $0.5 billion, $0.5 billion and $1.0 billion, respectively. As of January 31, 2025, the Company had completed $3.6 billion of the total $4.0 billion share repurchase program authorized at that time. In March 2025, the Company announced an increase of $1.0 billion, bringing the total authorized share repurchase program to $5.0 billion.

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