filings.toolsItem 1A. Risk Factors.
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Item 1A. Risk Factors.
There have been no material changes to the risk factors disclosed in 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.
Our share repurchase activity in the three months ended March 29, 2025 was:
| Total Number of Shares Purchased**(a)** | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs**(b)** | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions) | |||||||||||||||||||||||
| 12/29/2024 — 2/1/2025 | 1,471 | $ | 30.55 | — | $ | 1,901 | ||||||||||||||||||||
| 2/2/2025 — 3/1/2025 | 3,792,538 | 30.25 | 3,300,000 | 1,802 | ||||||||||||||||||||||
| 3/2/2025 — 3/29/2025 | 3,674,407 | 30.42 | 3,319,577 | 1,702 | ||||||||||||||||||||||
| Total | 7,468,416 | 6,619,577 |
(a) Includes (1) shares purchased pursuant to the share repurchase program described in (b) below, and (2) shares withheld for tax liabilities associated with the vesting of RSUs and PSUs.
(b) On November 27, 2023, the Company announced that the Board of Directors approved a share repurchase program authorizing the Company to purchase up to $3.0 billion of the Company’s common stock through December 26, 2026. The Company is not obligated to repurchase any specific number of shares and the program may be modified, suspended, or discontinued at any time. Under the program, shares may be repurchased in open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act, privately negotiated transactions, transactions structured through investment banking institutions, or other means.
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