filings.toolsItem 1A. RISK FACTORS
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Item 1A. RISK FACTORS
There have been no material changes from the risk factors previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.
ITEM 2 — UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table provides information about share repurchases made each month by the Company of its common stock during the quarter ended June 30, 2026:
| Period | Total Number of Shares Purchased | Weighted Average Price Paid Per Share**(1)** | Total Number of Shares Purchased as Part of a Publicly Announced Program | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (in millions)****(2) | ||||||||||||||||||||||
| April 1, 2026 — April 30, 2026 | 3,700,889 | $ | 53.89 | 3,700,889 | $ | 617 | ||||||||||||||||||||
| May 1, 2026 — May 31, 2026 | 10,502,071 | $ | 52.24 | 10,502,071 | $ | 69 | ||||||||||||||||||||
| June 1, 2026 — June 30, 2026 | 831,496 | $ | 47.30 | 831,496 | $ | 29 | ||||||||||||||||||||
| Total | 15,034,456 | 15,034,456 |
(1)Calculated excluding commissions and excise tax.
(2)In October 2025, our Board of Directors authorized increasing the remaining share repurchase amount of the share repurchase program from $645 million to $2.0 billion and extending its expiration date from November 3, 2026 to November 3, 2027. In July 2026, our Board of Directors authorized increasing the remaining share repurchase amount of the share repurchase program to $6.0 billion and extending its expiration date from November 3, 2027 to July 21, 2029.
All repurchases under the stock repurchase program are made from time to time at our discretion in accordance with applicable federal securities laws in the open market or otherwise, including pursuant to plans designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, privately negotiated transactions, accelerated share repurchases or block trades, subject to market conditions, applicable legal requirements and other factors. All share repurchases of our common stock have been recorded as treasury shares.
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