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The information set forth in this report should be read in conjunction with the risk factors discussed in Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2025. Such risks are not the only risks facing the Company. Additional risks and uncertainties not currently known to the Company or that the Company currently deems to be immaterial may also materially adversely affect the Company's business, financial condition and/or operating results.
Item 2. Unregistered Sale of Equity Securities and Use of Proceeds
The following table provides information about the Company's purchases of equity during the three months ended June 30, 2026. The table excludes 162,648 shares that were surrendered to cover taxes on the vesting of restricted stock.
Total number of shares purchased Average price per share Total number of shares purchased as part of publicly announced programs (1) Approximate dollar value of shares that may yet be purchased under the program as of the end of the period (millions of dollars)
April — $ — — $ 1,096
May 2,819,429 $ 99.33 2,819,429 $ 816
June 210,232 $ 95.13 210,232 $ 796
3,029,661 3,029,661
In July 2024, the Company's Board of Directors authorized the repurchase of an aggregate amount of $2,000 of the Company's common stock through the end of 2027. Share repurchases under the Company's program may be made in the open market or through privately negotiated transactions, and at times and in such amounts as management deems appropriate.
Item 3. Defaults Upon Senior Securities
There were no events required to be reported under Item 3 for the six months ended June 30, 2026.
Item 4. Mine Safety Disclosures
Not applicable.