filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
In addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the risk factors discussed in Part I, “Item 1A. Risk Factors” in our 2024 Annual Report on Form 10-K, which could materially affect our business, financial condition, or results of operations. There have been no material changes to the risk factors previously disclosed in our 2024 Annual Report on Form 10-K.
2025 3Q Form 10-Q 88
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(a) and (b)
Not Applicable
(c) In April 2025, our Board of Directors authorized the repurchase of up to $1.0 billion of our common shares. The timing of share repurchases depends upon marketplace conditions and other factors, and the program remains subject to the discretion of our Board of Directors.
Our share repurchase activity for each of the three months in the period ended September 30, 2025 was as follows:
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Maximum Number of Shares (or Approximate Dollar Value) that May Yet Be Purchased Under the Plans or Programs (1) | ||||||||||||||
| July 1, 2025 to July 31, 2025 | — | $ | — | $ | 1,000,000,000 | ||||||||||||
| August 1, 2025 to August 31, 2025 | — | — | 1,000,000,000 | ||||||||||||||
| September 1, 2025 to September 30, 2025 | — | — | 1,000,000,000 | ||||||||||||||
| Total | — | $ | — | $ | 1,000,000,000 |
(1) The number shown represents, as of the end of each period, the approximate dollar value of Common Stock that may yet be purchased under publicly-announced share repurchase authorizations.
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