Item 1A. Risk Factors.

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Item 1A. Risk Factors.

There have been no material changes with respect to the risk factors disclosed in our 2025 Form 10-K.

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds.

A summary of our common stock repurchases (in millions, except average price per share) during the 12 weeks ended June 13, 2026 is set forth in the table below.

Issuer Purchases of Common Stock

PeriodTotal Number of Shares Repurchased**(a)**Average Price Paid Per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsApproximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
3/21/2026$9,807
3/22/2026 - 4/18/20260.5$154.150.5(87)
9,720
4/19/2026 - 5/16/20260.6$153.830.6(91)
9,629
5/17/2026 - 6/13/20260.8$145.280.8(111)
Total1.9$150.521.9$9,518

(a)All shares were repurchased in open market transactions pursuant to the $10 billion repurchase program authorized by our Board and publicly announced on February 3, 2026, which commenced on February 1, 2026 and will expire on February 28, 2030. Shares repurchased under this program may be repurchased in open market transactions, in privately negotiated transactions, in accelerated stock repurchase transactions or otherwise.

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