Item 1A. Risk Factors
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Item 1A. Risk Factors
Additional information regarding risk factors can be found under "Recent Developments" in the "Business Overview" and "Cautionary Note Concerning Factors That May Affect Future Results" sections of Management's Discussion and Analysis of Financial Condition and Results of Operations in this Form 10-Q.
Except as otherwise noted above, there have been no material changes in the Company's risk factors from those disclosed in Item 1A "Risk Factors," in our 2022 Form 10-K.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
The following table provides information about our purchases during the quarter ended June 30, 2023 of equity securities that are registered by us pursuant to Section 12 of the Exchange Act.
| 2023 | Total Number of Shares Purchased (thousands) | Average Price Paid per Share (1) | Total Number of Shares Purchased as Part of a Publicly Announced Program (thousands) | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (dollars in millions) | ||||||||||||||||||||||
| April 1 - April 30 | — | $ | — | — | $ | 1,825 | ||||||||||||||||||||
| May 1 - May 31 | 1,323 | 83.84 | 1,323 | $ | 1,714 | |||||||||||||||||||||
| June 1 - June 30 | 768 | 83.52 | 768 | $ | 1,650 | |||||||||||||||||||||
| Total | 2,091 | $ | 83.73 | 2,091 |
(1) Average price paid per share includes any broker commissions associated with the repurchases.
On December 1, 2022, our Board of Directors approved a share repurchase program for up to $2.0 billion of Common Stock. As of June 30, 2023, the maximum dollar value of shares that may yet be purchased under this current program was approximately $1.7 billion. Under this program, shares may be purchased on the open market, in privately negotiated transactions, under accelerated share repurchase programs or under plans complying with Rules 10b5-1 and 10b-18 under the Exchange Act.
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