13 unchanged sentences
(in millions, except average price per share)
−Removed: Beginning repurchase authority $ 20,150
August 30—September 26, 2025 2.1 $ 353.68 2.1 $ 8,088
−Removed: Accelerated share repurchases (2),(3)
−Removed: 4.6 $ — 4.6 $ (2,500) (3)
September 27—October 24, 2025 2.3 $ 345.96 2.3 $ 7,307
−Removed: Shares repurchased — $ — — $ —
October 25—November 28, 2025 2.8 $ 332.31 2.8 $ 6,369
−Removed: Shares repurchased — $ — — $ —
Total 7.2 7.2
1 unchanged sentence
(1) In March 2024, our Board of Directors granted authority to repurchase up to $25 billion in our common stock through March 14, 2028.
−Removed: (2) In June 2024, we entered into an accelerated share repurchase agreement (“ASR”) with a large financial institution whereupon we provided them with a prepayment of $2.5 billion and received an initial delivery of shares at contract inception representing a portion of the prepayment.
−Removed: Upon final settlement of this ASR in September 2024, we received an incremental delivery of 1.0 million shares of our common stock.
−Removed: Under this ASR, we repurchased a total of 4.6 million shares at an average price of $546.30.
−Removed: (3) In September 2024, we entered into an ASR with a large financial institution whereupon we provided them with a prepayment of $2.5 billion and received an initial delivery of 3.6 million shares of our common stock at contract inception, representing a portion of the prepayment.
−Removed: Subsequent to November 29, 2024, this ASR was settled which resulted in total repurchases of 5.0 million shares at an average price of $501.37.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.