Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
On July 29, 2026, our Board of Directors approved a $10 billion increase to our share repurchase authorization. Any future share repurchases will be made at the company’s discretion, subject to market conditions and other factors, and in accordance with applicable regulatory requirements.
Millions of Dollars
Period Total Number of Shares Purchased* Average Price Paid per Share** Total Number of
Shares Purchased
as Part of Publicly
Announced Plans
or Programs*** Approximate Dollar
Value of Shares
that May Yet Be
Purchased Under the
Plans or Programs
April 1-30, 2026 780,330 $ 166.42 780,330 $ 1,905
May 1-31, 2026 678,880 177.36 678,880 1,785
June 1-30, 2026 708,970 177.69 708,970 1,659
Total 2,168,180 $ 173.53 2,168,180
* Includes repurchase of shares of common stock from company employees in connection with the company’s broad-based employee incentive plans, when applicable.
** Average price paid per share includes excise taxes.
*** Since the inception of our share repurchase program in 2012, our Board of Directors has authorized an aggregate of $35 billion of repurchases of our outstanding common stock. Our share repurchase authorizations do not expire. Any future share repurchases will be made at the company’s discretion, subject to market conditions and other factors, and in accordance with applicable regulatory requirements. Shares of stock repurchased are held as treasury shares.
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