Item 1A. Risk Factors.

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Item 1A. Risk Factors.

For the three and nine months ended September 30, 2022 there were no material changes from risk factors disclosed in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, and as updated in the Company's Form 10-Q for the period ended June 30, 2022.

**Item 2.**Unregistered Sales of Equity Securities and Use of Proceeds.

Issuer Purchases of Equity Securities


	(a)	(b)		(c)	(d)
Total Number of Shares Purchased	Average Price Paid per Share	Total Number of Shares Purchased as Part of Publicly Announced Program		Approximate Dollar Value (in thousands) of Shares that may yet be Purchased under the Program


July 1 to July 31, 2022	69,336	$	1,189.72	69,336	$	1,425,938
August 1 to August 31, 2022	78,525	$	1,329.46	78,525	$	1,321,540
September 1 to September 30, 2022	72,618	$	1,213.32	72,618	$	1,233,430
Total	220,479	$	1,247.26	220,479	$	1,233,430

In November 2022, the Company's Board of Directors authorized an additional $2.5 billion to be added to its share repurchase program, which has $1.2 billion of remaining availability as of September 30, 2022. We have purchased 30.8 million shares since the inception of the program through September 30, 2022.

During the nine months ended September 30, 2022 and 2021, we spent $825.0 million and $727.5 million on the repurchase of 629,380 and 557,310 shares at an average price per share of $1,310.79 and $1,305.35, respectively. We also reissued 80,466 shares and 71,124 shares held in treasury upon the exercise of stock options and vesting of restricted stock units during the nine months ended September 30, 2022 and 2021, respectively.

**Item 3.**Defaults Upon Senior Securities. None

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