What changed
The Board approved an amendment increasing the stock repurchase program to 1,000,000 shares, authorizing up to 994,606 additional shares beyond the prior authorization of 11,757,964 shares. Through November 4, 2026, the company repurchased 11,752,570 shares at an aggregate price of $1,711,769,315, exclusive of excise tax. Repurchases will be funded with available cash and may occur in the open market or privately negotiated transactions.
Why it matters
The Board approved an amendment increasing the stock repurchase program to 1,000,000 shares, authorizing up to 994,606 additional shares beyond the prior authorization of 11,757,964 shares. Through No