Item 1A. Risk Factors
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Item 1A. Risk Factors
There have been no material changes in our risk factors from those disclosed in Part I, Item 1A of 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
| Total number of shares purchased (1) | Average price paid per share | Total number of shares purchased as part of publicly announced plans or programs | Approximate dollar value of shares that may yet be purchased under the plans or programs ($000’s omitted) (2) | ||||||||||||||||||||
| July 1, 2025 to July 31, 2025 | 888,540 | $ | 112.61 | 888,540 | $ | 1,482,837 | |||||||||||||||||
| August 1, 2025 to August 31, 2025 | 800,141 | $ | 124.93 | 800,141 | $ | 1,382,871 | |||||||||||||||||
| September 1, 2025 to September 30, 2025 | 746,148 | $ | 133.99 | 746,148 | $ | 1,282,898 | |||||||||||||||||
| Total | 2,434,829 | $ | 123.21 | 2,434,829 |
(1) During 2025, participants surrendered shares for payment of minimum tax obligations upon the vesting or exercise of previously granted share-based compensation awards. Such shares were not repurchased as part of our publicly-announced share repurchase programs and are excluded from the table above.
(2) The Board of Directors approved a share repurchase authorization increase of $1.5 billion on January 29, 2025, which was publicly announced on January 30, 2025. There is no expiration date for this program, under which approximately $1.3 billion remained available for repurchases as of September 30, 2025.
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