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, 2025. 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, 2025.
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 2026:
| 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 | 231.8 | $ | 386.32 | 230.4 | $ | 4,679,538 | ||||||||||||||||||||
| February 1 - February 28 | 232.1 | 453.35 | 202.6 | 4,587,615 | ||||||||||||||||||||||
| March 1 - March 31 | 315.6 | 432.18 | 248.3 | 4,481,184 | ||||||||||||||||||||||
| Total | 779.5 | $ | 424.84 | 681.3 |
(a) Share repurchases are made from time to time in accordance with management's capital allocation strategy, subject to market conditions and regulatory requirements. Repurchases occur in the open market or through one or more other public or private transactions pursuant to plans complying with Rules 10b5-1 under the Exchange Act. In December 2024, our Board of Directors authorized the repurchase of up to $5.0 billion of our ordinary shares. During the three months ended March 31, 2026, we repurchased approximately $287 million of our ordinary shares, consistent with our capital allocation strategy, which left $4.5 billion remaining under the program.
(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 1,473 shares in January, 29,514 shares in February, and 67,357 shares in March in transactions outside of the repurchase programs.
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