Item 1A. RISK FACTORS

Reference is made to the factors set forth under the caption “Forward-Looking Statements” in Part I, Item 2 of this quarterly report on Form 10-Q and other risk factors described in our annual report on Form 10-K for the year ended December 31, 2022, which are incorporated herein by reference. There have not been any material changes to the risk factors previously disclosed in our annual report on Form 10-K for the year ended December 31, 2022.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

During January 2023, our Board of Directors authorized a share repurchase program for up to $3 billion of our outstanding common stock. During the quarter ended September 30, 2023, we repurchased 4,166,799 shares of our common stock at an average price of $273.59 per share through market purchases pursuant to the authorization. At September 30, 2023, we had $1.685 billion of repurchase authorization available under the authorization.

The following table provides certain information with respect to our repurchases of common stock from July 1, 2023 through September 30, 2023 (dollars in billions, except per share amounts).

On October 23, 2023, our Board of Directors declared a quarterly dividend of $0.60 per share on our common stock, payable on December 28, 2023 to stockholders of record at the close of business on December 14, 2023. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to the final determination of our Board of Directors. Our ability to declare future dividends may also from time to time be limited by the terms of our debt agreements.