Item 1A. Risk Factors
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Item 1A. Risk Factors
There have been no material changes to our risk factors contained in our Annual Report on Form 10-K for the period ended December 31, 2022. For further discussion of our risk factors, refer to Item 1A. "Risk Factors" contained in our Annual Report on Form 10-K for the period ended December 31, 2022.
Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
The following table provides information with respect to purchases of our ordinary shares during the first quarter of 2023:
| Period | Total number of shares purchased (000's) (a) (b) | Average price paid per share (a) (b) | Total number of shares purchased as part of program (000's) (a) | Approximate dollar value of shares still available to be purchased under the program ($000's) (a) | ||||||||||||||||||||||
| January 1 - January 31 | 3.5 | $ | 168.09 | — | $ | 199,776 | ||||||||||||||||||||
| February 1 - February 28 | 600.9 | 183.22 | 561.4 | 96,918 | ||||||||||||||||||||||
| March 1 - March 31 | 1,148.0 | 185.11 | 1,065.3 | 2,899,773 | ||||||||||||||||||||||
| Total | 1,752.4 | $ | 184.43 | 1,626.7 |
(a) Share repurchases are made from time to time in accordance with management's capital allocation strategy, subject to market conditions and regulatory requirements. In February 2022, our Board of Directors authorized a share repurchase program of up to $3.0 billion of our ordinary shares (2022 Authorization) upon the completion of our $2.0 billion ordinary share repurchase program authorized in 2021 (2021 Authorization). During the three months ended March 31, 2023, we repurchased and canceled approximately $300 million of our ordinary shares, thus completing the 2021 Authorization in March 2023 and initiating repurchases under the 2022 Authorization of approximately $100 million of our ordinary shares leaving $2.9 billion remaining under the 2022 Authorization.
(b) We may also reacquire shares outside of the repurchase program from time to time in connection with the surrender of shares to cover taxes on vesting of share-based awards. We reacquired 3,508 shares in January, 39,478 shares in February, and 82,777 shares in March in transactions outside of the repurchase programs.
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