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: July 1, 2025 through July 31, 2025 934,237 $ — (3) 934,237 $ 2,000,000,000
−Removed: August 1, 2025 through August 31, 2025 388,662 $ — (3) 388,662 $ 2,000,000,000
−Removed: September 1, 2025 through September 30, 2025 6,368,213 $ — (4) 6,368,213 $ 1,750,000,000
+Added: January 1, 2026 through January 31, 2026 24,563,132 $ — (3)(4) 24,563,132 $ 550,000,000
+Added: February 1, 2026 through February 28, 2026 — $ — — $ 550,000,000
+Added: March 1, 2026 through March 31, 2026 3,866,690 $ — (4)(5) 3,866,690 $ 450,000,095
Total 28,429,822 28,429,822
−Removed: (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.
(1) 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.
−Removed: (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 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.
−Removed: This share amount was based on the $26.49 closing price of the Company's common stock on April 25, 2025.
−Removed: 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.
−Removed: 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.
−Removed: (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.
−Removed: 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.
−Removed: 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.
−Removed: Upon completion of the Third
−Removed: Quarter 2025 ASR Program in October 2025, the average purchase price per share for the 7,777,764 shares repurchased was $32.14.
+Added: (2) Excludes immaterial amount of excise tax on share repurchases, net of issuances.
+Added: (3) Under a forward contract entered into by the Company in December 2025, the Company committed $750 million for the January 2026 ASR Program under which the Company paid $750 million in January 2026 and received total delivery of 17,965,193 shares as settlement in full.
+Added: Upon completion of the January 2026 ASR Program in January 2026, the average purchase price per share for the 17,965,193 shares repurchased was $41.75.
+Added: (4) Under the First Quarter 2026 ASR Program, the Company paid $400 million and received an initial delivery of 6,597,939 shares during January 2026, representing an estimated 80 percent of the shares to be purchased by the Company under the First Quarter 2026 ASR Program.
+Added: This share amount was based on the $48.50 closing price of the Company's common stock on January 29, 2026.
+Added: Upon settlement, the third-party financial institution delivered 1,372,650 additional shares of the Company’s common stock to the Company in March 2026 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 First Quarter 2026 ASR Program in March 2026, the average purchase price per share for the 7,970,589 shares repurchased was $50.18.
+Added: (5) During the period from March 13, 2026 through March 19, 2026, the Company repurchased $100 million of its outstanding common stock on the open market.
+Added: The Company received a total of 2,494,040 shares of its common stock through the open market repurchases at an average price of $40.12 per share.
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.