Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
We may repurchase shares of our common stock from time to time pursuant to our $5.0 billion common stock repurchase authorization, which was approved by our Board of Directors in April 2025. The authorization has no expiration date. During the three months ended June 30, 2026, we repurchased 4.2 million shares of our common stock at a total cost including commissions and excise taxes of $615.7 million. At June 30, 2026, there was $1.1 billion remaining on the repurchase authorization. The following table sets forth additional information concerning our common stock repurchases during the quarter.
Period
Total Number of Shares Purchased
Average Price Paid per Share
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
(In millions)
April 2026 2,101,812 $ 147.00 2,101,812 $ 1,401.7
May 2026 1,886,687 143.78 1,886,687 1,130.5
June 2026 240,962 147.47 240,962 1,095.0
Total 4,229,461 $ 145.59 4,229,461 $ 1,095.0
The share repurchases may be effected through Rule 10b5-1 plans or open market purchases, each in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended (Exchange Act). Shares repurchased in April 2026 included 1,606,712 shares purchased pursuant to a trading plan under Rule 10b5-1 of the Exchange Act.
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