UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: 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.
+Added: As of December 31, 2025, approximately $4.8 billion remains available under the share repurchase program which was authorized by the Company's Board of Directors in June 2025.
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.
−Removed: 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.
−Removed: As of June 30, 2025, approximately $9.8 billion remains available under the share repurchase authorization.
−Removed: 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.
−Removed: 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.
+Added: On August 7, 2025, the Company entered into accelerated share repurchase transactions (the “ASR Transactions”) to repurchase an aggregate of $5.0 billion (the “Repurchase Price”) of the Company’s ordinary shares (the “Shares”).
+Added: The ASR Transactions are being completed under the Company’s current share repurchase authorization.
+Added: Under the terms of the ASR Transactions, on August 11, 2025, the Company paid the Repurchase Price to the Counterparties in exchange for an initial delivery of approximately 43,140,640 Shares.
+Added: The total number of Shares to be repurchased under the ASR Transactions will be based on volume-weighted average prices of the Shares during the term of the ASR Transactions, less a discount and subject to customary adjustments.
+Added: The ASR Transactions are scheduled to terminate in the second quarter of fiscal 2026.
+Added: 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 December 31, 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
2 unchanged sentences
11/01/25 - 11/30/25
+Added: — — — 4,753,103,166
+Added: 12/01/25 - 12/31/25
+Added: — — — 4,753,103,166
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.