Item 1A. Risk Factors.
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Item 1A. Risk Factors.
The Company and its subsidiaries face a number of risks and uncertainties. In addition to the other information in this report and our other filings with the SEC, readers should consider carefully the risk factors discussed in "Part I, Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025.
If any of the risks described in our Annual Report on Form 10-K or such other risks actually occur, our business, results of operations or financial condition could be materially adversely affected.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
Issuer Repurchases of Equity Securities
For the three months ended March 31, 2026, the Company repurchased 4.2 million shares of its common stock for $750 million. At March 31, 2026, the Company remained authorized to repurchase up to approximately $4.9 billion in shares of its common stock. There is no time limit on the authorization.
| Period | (a) Total Number of Shares (or Units) Purchased | (b) Average Price Paid per Share (or Unit) | (c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs | (d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs | |||||||||||||||||||
| January 1 - 31, 2026 | 820,037 | $ | 182.9185 | 820,037 | $ | 5,525,345,373 | |||||||||||||||||
| February 1 - 28, 2026 | 1,852,282 | $ | 178.9176 | 1,852,282 | $ | 5,193,939,578 | |||||||||||||||||
| March 1 - 31, 2026 | 1,519,498 | $ | 176.7646 | 1,519,498 | $ | 4,925,346,151 | |||||||||||||||||
| Total | 4,191,817 | $ | 178.9198 | 4,191,817 | $ | 4,925,346,151 |
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosure.
Not Applicable.
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