Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: There were no sales of unregistered securities during the first fiscal quarter of 2025.
+Added: There were no sales of unregistered securities during the second fiscal quarter of 2025.
Share Repurchases
On January 25, 2023, the Company's Board of Directors authorized a share repurchase program of up to $1.0 billion of the Company's stock, to expire on January 25, 2026 (the "2023 Repurchase Authorization").
−Removed: A summary of repurchases of the Company’s common stock made during the first quarter of fiscal 2025 under the 2023 Share Repurchase Authorization follows:
−Removed: Period Total Number of Shares Purchased Average Price Per Share (1) Total Number of Shares Purchased under the 2023 Repurchase Authorization Approximate Dollar Value of Shares that May Yet Be Purchased Under the 2023 Repurchase Authorization
−Removed: September 28, 2024 - October 25, 2024 65,671 $141.31 65,671 $463,134,855
−Removed: October 26, 2024 - November 22, 2024 170,266 $140.59 170,266 $439,197,414
−Removed: November 23, 2024 - December 27, 2024 1,219,902 $138.05 1,219,902 $270,788,109
+Added: On January 30, 2025, the Company's Board of Directors authorized an incremental share repurchase program of up to $1.5 billion of the Company's common stock, to expire on January 30, 2028 (the "2025 Repurchase Authorization").
+Added: An aggregate summary of repurchases of the Company’s common stock made during the second quarter of fiscal 2025 under the 2023 Share Repurchase Authorization and the 2025 Share Repurchase Authorization follows:
+Added: Period Total Number of Shares Purchased Average Price Per Share (1) Total Number of Shares Purchased under the 2023 and 2025 Repurchase Authorizations
+Added: Approximate Dollar Value of Shares that May Yet Be Purchased Under the 2023 and 2025 Repurchase Authorizations
+Added: December 28, 2024 - January 24, 2025 392,787 $135.59 392,787 $217,531,896
+Added: January 25, 2025 - February 21, 2025 494,266 $134.40 494,266 $151,103,572
+Added: February 22, 2025 - March 28, 2025 1,837,345 $125.77 1,837,345 $1,420,011,932
2,724,398 2,724,398
(1) Includes commissions paid and excise tax due under the Inflation Reduction Act of 2022 and calculated at the average price per share.
−Removed: On January 30, 2025, the Company's Board of Directors authorized an incremental share repurchase program of up to $1.5 billion of the Company's common stock, to expire on January 30, 2028 (the "2025 Repurchase Authorization").
−Removed: No repurchase activity has taken place under the 2025 Share Repurchase Authorization to date.
Our share repurchase program does not obligate the Company to purchase any shares.
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