Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Repurchases of Equity Securities
The following table provides information about repurchases by us of shares of our common stock during the quarter ended October 2, 2026:
(in millions, except average price paid per share) Total Number of Shares Purchased Average Price Paid per Share (1)
Total Number of Shares Purchased As Part of Publicly Announced Program (2)
Maximum Value of Shares that May Yet be Purchased Under the Program (2)
Jul. 4, 2026 - Jul. 31, 2026 0.7 $ 526.29 0.7 $ 2,860
Aug. 1, 2026 - Aug. 28, 2026 0.5 488.15 0.5 $ 2,630
Aug. 29, 2026 - Oct. 2, 2026 1.0⁽³⁾ 461.59 0.8 $ 2,259
Total for the quarter ended Oct. 2, 2026 2.2 2.0
(1) Includes commissions.
(2) On May 9, 2025, our Board of Directors authorized the Share Repurchase Program for the repurchase of up to $2.0 billion of our common stock, and on February 2, 2026, our Board of Directors authorized the repurchase of up to an additional $4.0 billion of the Company’s common stock. There is no expiration date for the Share Repurchase Program. Repurchases under the Share Repurchase Program may be made in the open market or in privately negotiated transactions and may be made under a Rule 10b5-1 plan. We expect share repurchases to be funded principally by operating cash flows. The amount and timing of share repurchases will depend on market conditions and other corporate considerations. We may suspend or discontinue the Share Repurchase Program at any time.
(3) Amount includes an aggregate of 176,008 shares of our common stock that we received during the month ended October 2, 2026 upon the settlement of $378 million notional amount of Capped Calls in connection with the settlement of the same principal amount of Convertible Notes that had been tendered by the holders. This transaction is not part of our publicly announced Share Repurchase Program and the shares received from the settlement of these Capped Calls are not reflected in the column captioned “Average Price Paid per Share.”
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