There have been no material changes from the risk factors previously disclosed in Part I, Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. The following table presents information with respect to the Company’s repurchases of its common stock during the quarter ended June 30, 2026: Period Total Number of Shares Purchased Average Price Paid Per Share(1) Total Number of Shares Purchased as Part of Publicly Announced Repurchase Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions)(1)(2) April 1 - April 30, 2026 609,306 $ 246.18 609,306 $ 1,047 May 1 - May 31, 2026 293,962 $ 258.53 293,962 $ 971 June 1 - June 30, 2026 293,788 $ 251.89 293,788 $ 897 Total for quarter ended June 30, 2026 1,197,056 $ 250.61 1,197,056 (1)Excludes commissions cost. (2)The Company has a Share Repurchase Program (the “Share Repurchase Program”) under which the Company may repurchase shares by means of trading plans established from time to time in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, block trades, private transactions, open market repurchases and/or accelerated share repurchase agreements, or other derivative transactions. There is no stated expiration for the Share Repurchase Program. Under the Share Repurchase Program, the Company may repurchase shares from time to time, in amounts, at prices, and at such times as the Company deems appropriate, subject to market conditions, legal requirements and other considerations. The Company is not obligated to repurchase any specific number of shares or to do so at any particular time, and the Share Repurchase Program may be suspended, modified, or terminated at any time without prior notice. The Share Repurchase Program was authorized by the Company’s Board of Directors in August 2021 at $1,500 million, which was increased by the Board by $2,000 million in July 2024 to a total authorization of $3,500 million. As of August 3, 2026, the Company has approximately $697 million in Board authorization remaining available after giving effect to the additional $200 million share repurchases made in July 2026 at an average price per share of $276.61, which retired approximately 0.7 million additional shares. 36