filings.toolsItem 1A. Risk Factors
2K characters. Original on sec.gov · Markdown
Item 1A. Risk Factors
The risks that we believe are material to our investors are detailed under the caption “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2025 (which is on file with the SEC).
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
A summary of the share repurchase activity for the company’s second quarter of 2026 follows:
| Period | Total number of shares purchased | Average price paid per share (1) | Total number of shares purchased as part of publicly announced plans or programs (2) | Maximum dollar amount of shares that may yet be purchased under the plans or programs (1)(2) (in millions) | ||||||||||||||||||||||
| Fiscal April (Mar. 29 - Apr. 2) | — | $ | — | — | $ | 2,000 | ||||||||||||||||||||
| Fiscal May (Apr. 3 - May 30) | 1,534,188 | 478.98 | 1,534,188 | 1,265 | ||||||||||||||||||||||
| Fiscal June (May 31 - Jun. 27) | 537,650 | 493.16 | 537,650 | 1,000 | ||||||||||||||||||||||
| Total second quarter | 2,071,838 | $ | 482.66 | 2,071,838 | $ | 1,000 |
(1) Amounts exclude excise taxes and other transaction costs.
(2) On November 6, 2025, the Board of Directors authorized the repurchase of up to $5.00 billion of the company’s common stock. All of the shares of common stock repurchased by the company during 2026 were under this program.
Previous: Item 4. Controls and Procedures · Next: Item 5. Other Information