Item 1A. Risk Factors

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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 Transition 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 2026:


(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)
April 1- April 30, 2026	234,808	$254.69	234,808	$2,000
May 1 - May 31, 2026	438,062	$235.16	438,062	$1,897
June 1 - June 30, 2026	145,125	$227.36	145,125	$1,864
	817,995		817,995

(1)On April 30, 2026, the Board authorized a new share repurchase program of up to $2 billion in aggregate purchases of common stock, replacing the prior program. As of June 30, 2026, the Company has completed $136 million in share repurchases under the April 2026 program.

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