Item 1A. RISK FACTORS
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Item 1A. RISK FACTORS
There have been no material changes from the risk factors disclosed in our annual report on Form 10-K for the year December 31, 2020. However, to the extent the COVID-19 pandemic adversely affects our business, financial condition, results of operation, and liquidity, it may also have the effect of heightening many of the other risks described in such risk factors.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
*(a)*Unregistered Sales of Equity Securities. Not applicable.
*(b)*Use of Proceeds. Not applicable.
*(c)*Issuer Purchases of Equity Securities. The following table discloses purchases of shares of our common stock made by us or on our behalf during the third quarter of 2021.
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Not Purchased as Part of Publicly Announced Plans or Programs (a) | 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 (b) | |||||||||||||||||||||||||||
| July 2021 | 2,276 | $ | 74.38 | 2,276 | — | $1.4 billion | ||||||||||||||||||||||||||
| August 2021 | 1,676 | $ | 67.75 | 1,676 | — | $1.4 billion | ||||||||||||||||||||||||||
| September 2021 | 2,357 | $ | 65.31 | 2,357 | — | $1.4 billion | ||||||||||||||||||||||||||
| Total | 6,309 | $ | 69.23 | 6,309 | — | $1.4 billion |
(a)The shares reported in this column represent purchases settled in the third quarter of 2021 relating to (i) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans and (ii) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options, the vesting of restricted stock, and other stock compensation transactions in accordance with the terms of our stock-based compensation plans.
(b)On January 23, 2018, we announced that our board of directors authorized our purchase of up to $2.5 billion of our outstanding common stock (the 2018 Program), with no expiration date. As of September 30, 2021, we had $1.4 billion remaining available for purchase under the 2018 Program. We have not purchased any shares of our common stock under the 2018 Program since mid-March 2020, and we will evaluate the timing of repurchases when appropriate. We have no obligation to make purchases under the 2018 Program.
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