filings.toolsItem 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, 2025.
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) | ||||||||||||||||||||
| April 1, 2026 to April 30, 2026 | 834,684 | $ | 122.69 | 834,684 | $ | 2,072,314 | |||||||||||||||||
| May 1, 2026 to May 31, 2026 | 1,456,923 | $ | 114.83 | 1,456,923 | $ | 1,905,014 | |||||||||||||||||
| June 1, 2026 to June 30, 2026 | 831,609 | $ | 124.19 | 831,609 | $ | 1,801,734 | |||||||||||||||||
| Total | 3,123,216 | $ | 119.42 | 3,123,216 |
(1) During 2026, 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) On January 29, 2025, the Board of Directors approved an increase to our share repurchase authorization of $1.5 billion, which was publicly announced on January 30, 2025. On April 22, 2026, the Board of Directors approved an additional increase to our share repurchase authorization of $1.5 billion, which was publicly announced on April 23, 2026. There is no expiration date for these programs, under which $1.8 billion remained available for repurchases as of June 30, 2026.
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