Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: Our stock repurchase activity for each of the three months in the quarter ended September 30, 2025 was:
+Added: Our stock repurchase activity for each of the three months in the quarter ended March 31, 2026 was:
Issuer Purchases of Equity Securities
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Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (2) (4)
−Removed: July 1-31, 2025 1,539,955 $ 65.16 1,534,753 $ 7,334
−Removed: August 1-31, 2025 2,226,530 62.88 2,225,557 7,194
−Removed: September 1-30, 2025 283 62.37 — 7,194
−Removed: For the Quarter Ended September 30, 2025 3,766,768 63.81 3,760,310
+Added: January 1-31, 2026 7,421 $ 54.25 — $ 6,702
+Added: February 1-28, 2026 215,174 61.44 — 6,702
+Added: March 1-31, 2026 233,989 59.67 — 6,702
+Added: For the Quarter Ended March 31, 2026 456,584 60.42 —
(1) The total number of shares purchased (and the average price paid per share) reflects:
(i) shares purchased pursuant to the repurchase program described in (2) below;
−Removed: and (ii) shares tendered to us by employees who used shares to exercise options and to pay the related taxes for grants of deferred stock that vested, totaling 5,202 shares, 973 shares and 283 shares for the fiscal months of July, August and September 2025, respectively.
+Added: and (ii) shares tendered to us by employees who used shares to exercise options and to pay the related taxes for grants of deferred stock that vested, totaling 7,421 shares, 215,174 shares and 233,989 shares for the months of January, February and March 2026, respectively.
(2) Effective January 1, 2025, our Board of Directors authorized a program for the repurchase of up to $9.0 billion of our Common Stock through December 31, 2027, excluding excise taxes.
−Removed: During the nine months ended September 30, 2025, we repurchased $1.8 billion and, as of September 30, 2025, we had approximately $7.2 billion of share repurchase authorization remaining.
+Added: During the three months ended March 31, 2026, we did not repurchase any shares.
+Added: As of March 31, 2026, we had approximately $6.7 billion of share repurchase authorization remaining.
See related information in Note 9, Shareholders' Equity .
−Removed: (3) Our share repurchases in excess of issuances are subject to a 1% excise tax enacted by the Inflation Reduction Act.
(3) Any excise tax incurred on share repurchases is recognized as part of the cost basis of the shares acquired.
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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.