32 unchanged sentences
Repurchase of Equity Securities
+Added: On November 13, 2025, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares (the “2025 Repurchase Program”), which was approximately 10% of the total shares of our outstanding common stock at the time.
+Added: During the fourth quarter of 2025, we did not repurchase any shares under the 2025 Repurchase Program and, as of December 31, 2025, 30 million shares remained under the 2025 Repurchase Program.
On June 22, 2022, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares (the “2022 Repurchase Program”), which was approximately 9% of the total shares of our outstanding common stock at that time.
−Removed: During the fourth quarter of 2024, we repurchased 2.6 million shares under the 2022 Repurchase Program and, as of December 31, 2024, 12.0 million shares remained under the 2022 Repurchase Program.
+Added: During the fourth quarter of 2025, we received 4.6 million shares under the 2022 Repurchase Program, which included 0.6 million shares received from the conclusion of our accelerated share repurchase ("ASR") agreement that we entered into on August 12, 2025.
+Added: As of December 31, 2025, 2.7 million shares remained under the 2022 Repurchase Program.
Further discussion relating to our ASR agreements can be found in Note 9 - Equity to the Consolidated Financial Statements and Supplementary Data, in the Annual Report on Form 10-K.
Repurchased shares may be used for general corporate purposes, including the issuance of shares for stock compensation plans and to offset the dilutive effect of the exercise of employee stock options.
−Removed: Our 2022 Repurchase Program has no expiration date and purchases under the program may be made from time to time on the open market and in private transactions, depending on market conditions.
+Added: Our 2025 Repurchase Program and 2022 Repurchase Program have no expiration date and purchases under these programs may be made from time to time on the open market and in private transactions, depending on market conditions.
The following table provides information on our purchases of our outstanding common stock during the fourth quarter of 2025 pursuant to our 2022 Repurchase Program (column c).
7 unchanged sentences
Total — Quarter 4,700,236 $ 514.16 4,642,485 2.7 million
−Removed: 1 Includes 2.3 million shares received from the initiation of our ASR agreement that we entered into on October 28, 2024.
+Added: 1 Includes 0.6 million shares received from the conclusion of our ASR agreement that we entered into on August 12, 2025.
+Added: 2 Includes 4.0 million shares received from the initiation of our ASR agreement that we entered into on December 4, 2025.
Average price paid per share information does not include this accelerated share repurchase transaction.
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.