filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
For information regarding risk factors that could affect our business, results of operations, financial condition or future results, see Part I, “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the fiscal year ended August 31, 2023. For further information on our forward-looking statements see Part I of this Quarterly Report on Form 10-Q.
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds |
The following table provides information relating to our repurchase of common stock, excluding excise tax, during the three months ended May 31, 2024:
| Period | Total Number of Shares Purchased**(1)** | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program**(2)** | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (in millions)****(2) | |||||||||||||||||||
| March 1, 2024 – March 31, 2024 | 1,843,540 | $ | 131.15 | 1,843,452 | $ | 934 | |||||||||||||||||
| April 1, 2024 – April 30, 2024 | 1,897,938 | $ | 136.09 | 1,890,514 | $ | 676 | |||||||||||||||||
| May 1, 2024 – May 31, 2024 | — | $ | — | — | $ | 676 | |||||||||||||||||
| Total | 3,741,478 | $ | 133.66 | 3,733,966 |
(1)The purchases include amounts that are attributable to 7,512 shares surrendered to us by employees to satisfy, in connection with the vesting of restricted stock unit awards, their tax withholding obligations.
(2)In September 2022, our Board of Directors authorized the repurchase of up to $1.0 billion of our common stock as publicly announced in a press release on September 27, 2022 (the “2023 Share Repurchase Program”). As of August 31, 2023, 2.7 million shares had been repurchased for $224 million, excluding excise tax. In September 2023, our Board of Directors amended and increased the 2023 Share Repurchase Program to allow for the repurchase of up to $2.5 billion of our common stock as publicly announced in a press release on September 28, 2023.
| Item 3. Defaults Upon Senior Securities |
None.
| Item 4. Mine Safety Disclosures |
Not applicable.
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