Item 1A. Risk Factors

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Item 1A. Risk Factors

In addition to the other information set forth in this report, consideration should be given to the factors discussed in Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024. If any of those factors were to occur, they could materially adversely affect our business, financial condition or future results, and could cause actual results to differ materially from those expressed in forward-looking statements in this report. We have not had material changes with respect to the risk factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2024.

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

Issuer Purchases of Equity Securities

The following table presents the amount of our common share purchase activity for the periods indicated.


					Maximum dollar
				Total number of	value of shares
				shares purchased	that may yet be
	Total number of	Average		as part of publicly	purchased under
	shares	price paid		announced	the programs (in
Period	purchased (1)	per share		programs	millions) (2)
January 1, 2025 — January 31, 2025	883,214	$	80.07	883,214	$	715.5
February 1, 2025 — February 28, 2025	778,084	$	83.13	664,501	$	2,160.5
March 1, 2025 — March 31, 2025	1,227,398	$	85.41	888,509	$	2,085.8
Total	2,888,696			2,436,224

(1)	Includes the number of shares of common stock utilized to execute certain stock incentive awards and shares purchased as part of publicly announced programs.

(2)	In February 2024, our Board authorized a share repurchase program of up to $1.5 billion of our outstanding common stock, which has no expiration date. In February 2025, our Board authorized a share repurchase program of up to $1.5 billion of our outstanding common stock, which has no expiration date.

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