filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
Except for the risk factor update disclosed in Part II, Item 1A, “Risk Factors” of our Quarterly Report on Form 10-Q for the quarter ended March 29, 2026, there have been no other material changes to our risk factors disclosed in Part I, Item 1A, “Risk Factors” of our 2025 Form 10-K. These risks and uncertainties described in our risk factors have the potential to materially affect our business, results of operations, financial condition, cash flows, projected results and future prospects. These risks are not exclusive and additional risks to which we are subject include the factors mentioned under “Forward-Looking Statements” and the risks described in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Form 10-Q.
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds
There were no sales of unregistered equity securities during the quarter ended June 28, 2026.
There were no repurchases of our common stock in the open market during the quarter ended June 28, 2026.
| Period (a) | Total Number of Shares Purchased | 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 (b) | |||||||||||||||||||||||||||||||
| (in millions) | |||||||||||||||||||||||||||||||||||
| March 30, 2026 – April 26, 2026 (c) | — | $ | — | — | $ | 8,324 | |||||||||||||||||||||||||||||
| April 27, 2026 – May 31, 2026 (c) | — | $ | — | — | $ | 8,324 | |||||||||||||||||||||||||||||
| June 1, 2026 – June 28, 2026 (c) | — | $ | — | — | $ | 8,324 | |||||||||||||||||||||||||||||
| Total (c) | — | $ | — | — | |||||||||||||||||||||||||||||||
(a)We close our books and records on the last Sunday of each month to align our financial closing with our business processes, except for the month of December, as our fiscal year ends on December 31. As a result, our fiscal months often differ from the calendar months. For example, June 28, 2026 was the last day of our June 2026 fiscal month.
(b)In 2010, our Board of Directors approved a share repurchase program pursuant to which we are authorized to repurchase our common stock in privately negotiated transactions or in the open market at prices per share not exceeding the then-current market prices. We did not repurchase any shares during the quarter ended June 28, 2026.
(c)During the quarter ended June 28, 2026, we withheld and retired 357 shares of common stock with an average price of $512.87 per share solely to satisfy tax withholding obligations associated with the vesting of restricted stock units and performance stock units.
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