1 unchanged sentence
Purchases of Equity Securities by the Issuer
−Removed: Repurchases of common stock by the Company during the quarter ended September 30, 2024 are set forth below.
−Removed: During the period from October 1, 2024 to October 23, 2024, the Company repurchased 1.0 million common shares for $115.
−Removed: Repurchases of Common Stock by the Issuer for the Three Months Ended September 30, 2024
+Added: Repurchases of common stock by the Company during the quarter ended March 31, 2025 are set forth below.
+Added: During the period from April 1, 2025 to April 23, 2025, the Company repurchased 1.1 million common shares for $124.
+Added: Repurchases of Common Stock by the Issuer for the Three Months Ended March 31, 2025
Period Total Number
Purchased [1] Average Price
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value
+Added: Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value
of Shares that May Yet Be
2 unchanged sentences
(in millions)
−Removed: July 1, 2024 - July 31, 2024 1,234,716 $ 103.47 1,219,990 $ 523
−Removed: August 1, 2024 - August 31, 2024 1,286,590 $ 110.77 1,276,701 $ 3,683
−Removed: September 1, 2024 - September 30, 2024 1,163,482 $ 117.17 1,163,482 $ 3,548
−Removed: 3,684,788 $ 110.35 3,660,173
+Added: January 1, 2025 - January 31, 2025 1,376,496 $ 111.69 1,370,781 $ 2,996
+Added: February 1, 2025 - February 28, 2025 1,681,035 $ 113.62 1,111,106 $ 2,871
+Added: March 1, 2025 - March 31, 2025 1,049,064 $ 120.40 1,032,782 $ 2,748
+Added: Total 4,106,595 $ 114.70 3,514,669
[1]Includes 591,926 shares in net settlement of employee tax withholding obligations related to equity awards under the Company's incentive stock plans, which were not part of publicly announced share repurchase authorizations.
−Removed: The Company paid an average price per share of $104.08 in employee tax withholding obligations related to net share settlements in the three months ended September 30, 2024.
+Added: The Company paid an average price per share of $113.26 in employee tax withholding obligations related to net share settlements in the three months ended March 31, 2025.
[2]On July 25, 2024, the Board of Directors approved a share repurchase authorization for up to $3.3 billion effective from August 1, 2024 to December 31, 2026.
−Removed: In addition to the authorization covering the period from August 1, 2022 to December 31, 2024, on July 25, 2024, the Board of Directors approved a share repurchase authorization for up to $3.3 billion effective from August 1, 2024 to December 31, 2026.
The timing of any repurchases is dependent on several factors, including the market price of the Company's securities, the Company's capital position, consideration of the effect of any repurchases on the Company's financial strength or credit ratings, the Company's blackout periods, and other considerations.
2 unchanged sentences
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.