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 September 30, 2025:
+Added: The following table summarizes the Company's stock repurchase activity for the three months ended March 31, 2026:
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: July 2025 — $ — — $ 852
−Removed: August 2025 — $ — — $ 852
−Removed: September 2025 — $ — — $ 852
−Removed: Total quarter ended September 30, 2025 — $ — — $ 852
−Removed: (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.
−Removed: 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 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.
+Added: January 2026 80,113 $ 217.30 80,113 $ 760
+Added: February 2026 64,734 $ 260.72 64,734 $ 1,183
+Added: March 2026 832,532 $ 249.75 832,532 $ 975
+Added: Total quarter ended March 31, 2026 977,379 $ 247.82 977,379 $ 975
+Added: (1) On February 6, 2026, the Board of Directors reauthorized the stock repurchase program and refreshed the amount available for stock repurchases to $1.2 billion of the Company’s outstanding shares.
+Added: This new stock repurchase authorization supersedes the previous authorization of $1.0 billion, of which approximately $760 million remained at the reauthorization date.
+Added: No time limit was set for the completion of the program, which conforms to the requirements under the agreements governing the Company's credit facilities 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 September 30, 2025, approximately $852 million was remaining under the stock repurchase plan.
+Added: As of March 31, 2026, approximately $975 million was remaining under the stock repurchase plan.
MINE SAFETY DISCLOSURES
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