15 unchanged sentences
1,541,446,222
−Removed: (1) Total number of shares purchased during the quarter includes 8,034 shares of our common stock surrendered by a participant to satisfy tax withholding obligations in connection with the vesting of equity awards issued under our 2016 Stock Incentive Plan.
+Added: (1) Total number of shares purchased during the quarter includes 2,021 shares of our common stock surrendered by participants to satisfy tax withholding obligations in connection with the vesting of equity awards issued under our stock incentive plans.
(2) Average price paid per share excludes a 1% excise tax imposed by the Inflation Reduction Act of 2022.
−Removed: (3) The total number of shares purchased includes the final settlement of 133,012 shares of our common stock under an accelerated share repurchase agreement entered into with a third-party financial institution on May 28, 2024 (the “ASR Agreement”).
−Removed: See discussion of the ASR Agreement within this section.
On July 28, 2021, we announced that our Board of Directors had approved a stock repurchase program authorizing us to repurchase up to an aggregate of $2.0 billion of our outstanding common stock (the “2021 Repurchase Program”).
−Removed: The 2021 Repurchase Program began after the completion of our prior repurchase program in January 2022 and was completed in May 2024.
+Added: The 2021 Repurchase Program began after completion of our prior repurchase program in January 2022 and was completed in May 2024.
On July 26, 2023, we announced that our Board of Directors had approved a new stock repurchase program authorizing us to repurchase up to an aggregate of $3.0 billion of our outstanding common stock (the “2023 Repurchase Program”).
2 unchanged sentences
Shares of our common stock repurchased under our repurchase programs are canceled at the time of repurchase and are classified as authorized but unissued shares of our common stock.
−Removed: On May 28, 2024, we entered into the ASR Agreement with a third-party financial institution.
−Removed: The ASR Agreement was accounted for as a settled treasury stock purchase and a forward stock purchase contract.
−Removed: The par value of the initial shares received was recorded as a reduction to common stock, with the excess purchase price recorded as a reduction to retained earnings.
−Removed: The forward stock purchase contract was accounted for as a contract indexed to our own stock and is classified within capital in excess of par value on our Balance Sheets.
−Removed: The ASR Agreement was settled with the final number of shares received based on the daily volume-weighted average share price of our common stock over the term of the agreement, less a negotiated discount.
−Removed: Under the ASR Agreement, we paid the third-party financial institution $200.0 million and received an initial delivery of 923,201 shares of our common stock for $160.0 million, representing approximately 80% of the total value of shares to be received by us under the ASR Agreement, and the remaining balance of $40.0 million was settled in November 2024.
−Removed: In total, we repurchased 1,056,213 shares for $200.0 million under the ASR Agreement.
At December 31, 2025, we had $1.54 billion remaining authorized under the 2023 Repurchase Program.
6 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.