UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: The following table summarizes the Company's stock repurchase activity for the three months ended March 31, 2025:
+Added: The following table summarizes the Company's stock repurchase activity for the three months ended June 30, 2025:
Issuer Purchases of Common Stock
In millions, except shares and price per share Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Programs (1) Maximum Dollar Value of Shares That May Yet Be Purchased Under the Programs (1)
−Removed: January 2025 391,477 $ 196.42 391,477 $ 923
−Removed: February 2025 101,579 $ 206.47 101,579 $ 902
−Removed: March 2025 — $ — — $ 902
−Removed: Total quarter ended March 31, 2025 493,056 $ 198.49 493,056 $ 902
+Added: April 2025 — $ — — $ 902
+Added: May 2025 — $ — — $ 902
+Added: June 2025 245,919 $ 203.32 245,919 $ 852
+Added: Total quarter ended June 30, 2025 245,919 $ 203.32 245,919 $ 852
(1) On December 3, 2024, the Board of Directors authorized an additional $1.0 billion to the Company's existing stock repurchase program for stock repurchases of the Company’s outstanding shares.
This new authorization provides an additional $1.0 billion that became available for repurchases after the remaining availability as of December 3, 2024 was expended.
−Removed: No time limit was set for the completion of the program which conforms to the requirements under the 2022 Credit Agreement, the 2024 Credit Agreement and the indentures for the Senior Notes currently outstanding.
+Added: No time limit was set for the completion of the program, which conformed to the requirements under the 2022 Credit Agreement and the 2024 Credit Agreement, and complies with the requirements under the 2025 Credit Agreement and the indentures for the Senior Notes currently outstanding.
The Company may repurchase shares in the future at any time, depending upon market conditions, our capital needs and other factors.
Purchases of shares may be made by open market purchases or privately negotiated purchases and may be made pursuant to Rule 10b5-1 plan or otherwise.
−Removed: As of March 31, 2025, approximately $902 million was remaining under the stock repurchase plan.
+Added: As of June 30, 2025, approximately $852 million was remaining under the stock repurchase plan.
MINE SAFETY DISCLOSURES
1 unchanged sentence
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.