3 unchanged sentences
Period Total number of shares purchased Average price paid per share (2) Total number of shares purchased as part of publicly announced plans or programs Maximum dollar value of shares that may yet be purchased under the plans or programs
−Removed: April 1, 2025 through April 30, 2025 49,542,378 $ — (3) (4) 49,542,378 $ —
−Removed: May 1, 2025 through May 31, 2025 — $ — — $ —
−Removed: June 1, 2025 through June 30, 2025 — $ — — $ —
+Added: July 1, 2025 through July 31, 2025 934,237 $ — (3) 934,237 $ 2,000,000,000
+Added: August 1, 2025 through August 31, 2025 388,662 $ — (3) 388,662 $ 2,000,000,000
+Added: September 1, 2025 through September 30, 2025 6,368,213 $ — (4) 6,368,213 $ 1,750,000,000
Total 7,691,112 7,691,112
(1) On September 25, 2024, the Board authorized the repurchase of up to $2.5 billion of the Company’s common stock, of which no amounts remained as of the end of second quarter 2025.
−Removed: On July 23, 2025, the Board approved a new $2.0 billion share repurchase authorization of the Company's common stock.
+Added: On July 23, 2025, the Board approved a $2.0 billion share repurchase authorization of the Company's common stock.
Subject to certain conditions, repurchases may be made in accordance with applicable securities laws in open market or private, including accelerated, repurchase transactions from time to time, depending on market conditions.
(2) Excludes excise tax incurred on share repurchases, net of issuances.
−Removed: (3) Under an accelerated share repurchase program entered into by the Company with third-party financial institutions in first quarter 2025 (the "First Quarter 2025 ASR Program"), the Company paid $750 million and received an initial delivery of 19,867,550 shares during February 2025, representing an estimated 80 percent of the shares to be purchased by the Company under the First Quarter 2025 ASR Program.
−Removed: This share amount was based on the $30.20 closing price of the Company's common stock on February 19, 2025.
−Removed: Final settlement of the First Quarter 2025 ASR Program occurred in April 2025 and was based on a discount to the volume-weighted average price per share of the Company's common stock during a calculation period completed in April 2025.
−Removed: Upon settlement, the third-party financial institutions delivered 4,242,267 additional shares of the Company’s common stock to the Company.
−Removed: Upon completion of the First Quarter 2025 ASR Program in April 2025, the average purchase price per share for the 24,109,817 shares repurchased was $31.11.
(3) Under an accelerated share repurchase program entered into by the Company with third-party financial institutions in second quarter 2025 (the "Second Quarter 2025 ASR Program"), the Company paid $1.5 billion and received an initial delivery of 45,300,111 shares during April 2025, representing an estimated 80 percent of the shares to be purchased by the Company under the Second Quarter 2025 ASR Program.
This share amount was based on the $26.49 closing price of the Company's common stock on April 25, 2025.
−Removed: Final settlement of the Second Quarter 2025 ASR Program is scheduled to occur by the end of July 2025 and will be based on a discount to the volume-weighted average price per share of the Company's common stock during a calculation period to be completed at time of settlement.
+Added: Upon settlement, the third-party financial institutions delivered 934,237 additional shares of the Company’s common stock to the Company in July 2025, and 388,662 additional shares of the Company's common stock to the Company in August 2025 based on a discount to the volume-weighted average price per share of the Company's common stock during the calculation period.
+Added: Upon completion of the Second Quarter 2025 ASR Program in August 2025, the average purchase price per share for the 46,623,010 shares repurchased was $32.17.
+Added: (4) Under an accelerated share repurchase program entered into by the Company with a third-party financial institution in third quarter 2025 (the "Third Quarter 2025 ASR Program"), the Company paid $250 million and received an initial delivery of 6,368,213 shares during September 2025, representing an estimated 80 percent of the shares to be purchased by the Company under the Third Quarter 2025 ASR Program.
+Added: This share amount was based on the $31.39 and $31.43 closing price of the Company's common stock on September 5, 2025 and September 15, 2025, respectively.
+Added: Upon settlement, the third-party financial institution delivered 1,409,551 additional shares of the Company’s common stock to the Company in October 2025 based on a discount to the volume-weighted average price per share of the Company's common stock during the calculation period.
+Added: Upon completion of the Third
+Added: Quarter 2025 ASR Program in October 2025, the average purchase price per share for the 7,777,764 shares repurchased was $32.14.
Defaults Upon Senior Securities
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.