Item 1A. Risk Factors
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Item 1A. Risk Factors
There have been no material changes to the risk factors previously disclosed in the Form 10-K.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
The following table provides information with respect to acquisitions by the Company of shares of its common stock during the quarter ended June 29, 2024.
| Period | (a) Total Number of Shares Purchased | (b) Average Price Paid per Share (1) | (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Program (2) | (d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Program*(2)* | |||||||||||||||||||
| 3/27/2024 to 4/24/2024 | 95,769 | $ | 344.92 | 95,769 | $ | 2,409,304,466 | |||||||||||||||||
| 4/25/2024 to 5/22/2024 | 55,716 | $ | 343.28 | 55,716 | $ | 2,390,178,226 | |||||||||||||||||
| 5/23/2024 to 6/27/2024 | 51,347 | $ | 359.63 | 51,347 | $ | 2,371,712,306 | |||||||||||||||||
| Total | 202,832 | $ | 348.19 | 202,832 |
**(1)**Average price paid per share of common stock repurchased excludes commissions paid to brokers and excise tax. As of January 1, 2023, the Company's share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction Act of 2022. The amount of excise tax incurred is included in the Company's Condensed Consolidated Statement of Stockholders' Equity for the quarter ended June 29, 2024.
**(2)**As originally announced on July 28, 2011, and subsequently amended, the Board of Directors has authorized the Company to repurchase an aggregate amount of up to $18.0 billion of its outstanding shares of common stock (the “share repurchase program”). The share repurchase program does not have an expiration date. As of June 29, 2024, the Company had used approximately $15.6 billion, to repurchase shares, leaving $2.4 billion of authority available for future repurchases.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
None.
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