Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table provides information relating to our repurchase of common stock, excluding excise tax, during the three months ended November 30, 2024:
Period Total Number of
Shares Purchased (1)
Average Price
Paid per Share Total Number of Shares Purchased
as Part of Publicly Announced Program (2)(3)
Approximate Dollar Value of Shares
that May Yet Be Purchased Under
the Program (in millions) (3)
September 1, 2024 – September 30, 2024 980,164 $ 107.07 980,164 $ 1,000
October 1, 2024 – October 31, 2024 1,367,543 $ 123.80 1,044,543 $ 871
November 1, 2024 – November 30, 2024 786,013 $ 130.62 786,013 $ 768
Total 3,133,720 $ 120.28 2,810,720
(1) The purchases include amounts that are attributable to 323,000 shares surrendered to us by employees to satisfy, in connection with the vesting of restricted stock unit awards, their tax withholding obligations.
(2) In September 2023, our Board of Directors amended and increased the 2023 Share Repurchase Program to allow for the repurchase of up to $2.5 billion of our common stock as publicly announced in a press release on September 28, 2023 (the “Amended 2023 Repurchase Program”). In September 2024, an ASR transaction was completed, and 1.0 million additional shares were delivered under the ASR agreements. For more information, see “Liquidity and Capital Resources - Dividends and Share Repurchases”.
(3) In September 2024, our Board of Directors authorized the repurchase of up to $1.0 billion of our common stock as publicly announced in a press release on September 26, 2024 ("the 2025 Share Repurchase Program").
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.