Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
In June 2025, the Company's Board of Directors approved a $9.0 billion increase to the Company's share repurchase authorization, adding to the $1.1 billion remaining as of March 31, 2025 under the prior share repurchase authorization approved in 2021. The share repurchase authorization does not have an expiration date and may be amended or terminated by the Board of Directors at any time without prior notice. During the three and nine months ended June 30, 2025, the Company repurchased and immediately retired $310 million and $970 million, respectively, of its ordinary shares in open market transactions. As of June 30, 2025, approximately $9.8 billion remains available under the share repurchase authorization. The Company expects to return a portion of the net proceeds of the Residential & Light Commercial transaction to shareholders through the implementation of a $5.0 billion accelerated share repurchase program expected to commence in the coming weeks pursuant to its existing share repurchase authorization.
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The following table presents information regarding the repurchase of the Company’s ordinary shares by the Company as part of its publicly announced program during the three months ended June 30, 2025.
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of the Publicly Announced Program Approximate Dollar Value of Shares that May Yet be Purchased under the Programs
04/01/25 - 04/30/25 2,837,741 $ 75.50 2,837,741 $ 9,869,539,836
05/01/25 - 05/31/25 368,706 94.00 368,706 9,834,880,262
06/01/25 - 6/30/25 592,260 103.29 592,260 9,773,704,862
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.