Item 1A. Risk Factors
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Item 1A. Risk Factors
In addition to the other information set forth in this Form 10-Q, you should carefully consider the factors discussed in the “Our Operating Environment” and “Forward-Looking Statements and Factors That May Affect Future Results” sections of the MD&A and in Part I, Item 1A. “Risk Factors,” of our 2023 Annual Report on Form 10-K, which could materially affect our business, financial condition, or future results and which are incorporated by reference herein. There have been no material changes from the risk factors disclosed in our 2023 Annual Report on Form 10-K.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
In December 2021, our Board of Directors authorized a $3.5 billion multi-year share repurchase program. As of June 30, 2024, there was $623 million remaining under this program.
The following table provides information with respect to the shares of the company’s common stock repurchased during the three months ended
June 30, 2024:
| Issuer Purchases of Equity Securities(b) | |||||||||||||||||||||||
| Total Number of Shares Purchased(a) | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under Plans or Programs | ||||||||||||||||||||
| April 1 - April 30, 2024 | 732,133 | $158.01 | 731,203 | $1,039,868,455 | |||||||||||||||||||
| May 1 - May 31, 2024 | 1,829,359 | $168.92 | 1,828,242 | $731,020,492 | |||||||||||||||||||
| June 1 - June 30, 2024 | 626,801 | $171.91 | 626,440 | $622,950,682 | |||||||||||||||||||
| 3,188,293 | $167.01 | 3,185,885 | $622,950,682 |
(a) The company repurchased 2,408 shares during the three-month period ended June 30, 2024 that were not part of the publicly announced multi-year share repurchase authorization. These shares were reacquired from employees to satisfy tax withholding requirements on the vesting of restricted shares from equity-based awards.
(b) Amounts exclude the impact of excise tax on net share repurchases.
Item 3. Defaults Upon Senior Securities
None
Item 4. Mine Safety Disclosures
None
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