Item 1A. RISK FACTORS

There have been no material changes from the risk factors disclosed in

Part 1, Item 1A, of our Annual Report on

Form 10-K for the year ended December 28, 2024.

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES

AND USE OF PROCEEDS

Purchases of equity securities by the issuer

Our share repurchase program, announced on March 3, 2003, originally

allowed us to repurchase up to two million

shares pre-stock splits (eight million shares post-stock splits) of our common

stock, which represented

approximately 2.3% of the shares outstanding at the commencement

of the program.

Subsequent additional

increases totaling $5.9 billion, authorized by our Board, to the repurchase

program provide for a total of $6.0 billion

(including $500 million authorized on January 27, 2025) of shares

of our common stock to be repurchased under

this program.

Subject to market conditions and other factors, we plan to

continue to accelerate our share repurchase

activity.

As of March 29, 2025, we had repurchased approximately $5.3 billion of

common stock (98,069,939 shares) under

these initiatives, with $718 million available for future common stock

share repurchases.

The following table summarizes repurchases of our common stock

under our stock repurchase program during the

fiscal quarter ended March 29, 2025:

Total Number

Maximum Number

Total

of Shares

of Shares

Number

Average

Purchased as Part

that May Yet

of Shares

Price Paid

of Our Publicly

Be Purchased Under

Fiscal Month

Purchased (1)

Per Share

Announced Program

Our Program (2)

12/29/2024 through 2/1/2025

-

$

-

-

10,999,064

2/2/2025 through 3/1/2025

450,000

72.99

450,000

11,737,257

3/2/2025 through 3/29/2025

1,805,485

71.23

1,805,485

10,470,368

2,255,485

2,255,485

(1)

All repurchases were executed in the open market under our existing publicly announced authorized program.

(2)

The maximum number of shares that may yet be purchased under this program is determined at the end of each month based on the

closing price of our common stock at that time.

This table excludes shares withheld from employees to satisfy minimum tax withholding

requirements for equity-based transactions.