Item 1A. Risk Factors

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Item 1A. Risk Factors

See Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2024, for a detailed discussion of risk factors affecting the Company. There have been no material changes in the risk factors described therein.

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

The following table summarizes purchases of equity securities by the issuer during the three-month period ended June 30, 2025:


						Maximum number
						of shares that
				Total cost of shares		may yet be
				purchased as part of		purchased under
	Total number of			publicly announced		the plans or
	shares purchased (1)	Average price		plans or programs (1)		programs (1)
Period	(in millions)	paid per share		(in millions)		(in millions)
April 1-30, 2025	0.7	$	73.98	$	52.6	$	2,607.6
May 1-31, 2025	1.5	$	77.99	113.0		$	2,494.6
June 1-30, 2025	1.0	$	80.57	80.8		2,413.9
	3.2			$	246.4

(1)In August 2024, our Board of Directors approved a share repurchase program authorizing the repurchase of up to $3.0 billion in aggregate value of shares of our common stock. Repurchases under the program are made at management's discretion from time to time on the open market or in privately negotiated transactions and through Rule 10b5-1 plans. The repurchase program has no expiration date, and may be suspended for periods, amended or discontinued at any time. During the quarter ended June 30, 2025, the Company repurchased approximately 3.2 million shares for approximately $246.4 million under the August 2024 share repurchase program. Approximately $2.4 billion remained available for repurchase under the August 2024 share repurchase program as of June 30, 2025.

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