10 unchanged sentences
or programs (1)
−Removed: June 29, 2025 to July 26, 2025
−Removed: July 27, 2025 to August 30, 2025
−Removed: August 31, 2025 to September 27, 2025
−Removed: (1) In May 2014, we announced a capital allocation philosophy that included a share repurchase program.
−Removed: The Board of Directors initially authorized the repurchase of up to $500.0 million of the Company’s outstanding common stock over twelve-month period, at prevailing market prices, through either open market or privately negotiated transactions.
−Removed: The Board expanded this authorization in February 2015 and again in October 2018, each time adding $250.0 million with no expiration date.
−Removed: In February 2023, the Board of Directors increased the program by an additional $400.0 million, also with no stated expiration date.
−Removed: In February 2025, the Board authorized a further $700.0 million increase, again with no expiration date.
−Removed: As of September 27, 2025, we have repurchased 8,662,681 shares for approximately $1.5 billion under this program.
+Added: December 28, 2025 to January 24, 2026
+Added: January 25, 2026 to February 28, 2026
+Added: March 1, 2026 to March 28, 2026
+Added: (1) In February 2025, the Board of Directors increased the authorized capacity under our share repurchase program by $700.0 million, bringing the total authorization to $2.1 billion, with no stated expiration date.
+Added: We are not obligated to make repurchases and may discontinue the program at any time.
+Added: Any purchases will be funded through available liquidity and ongoing cash flows, and will be made subject to prevailing market and economic conditions.
+Added: As of March 28, 2026, we had approximately $510.6 million of remaining capacity under the share repurchase program.
+Added: Since the program’s inception in May 2014, we have repurchased approximately 9.0 million shares for a total of $1.6 billion.
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.