Board lifts share repurchase authorization to $5.0 billion

On April 30, 2026 the board increased the authorized amount under the common stock repurchase program to an aggregate of $5.0 billion, including amounts still remaining under earlier authorizations. About $0.6 billion remained as of March 31, 2026, before the increase. The company said it will fund buybacks from cash, cash equivalents and investments and can suspend them at any time.

• Total authorization now $5.0 billion, including remaining amounts from earlier approvals
• About $0.6 billion remained as of March 31, 2026
• Q1 2026 buybacks: 2.3 million shares at an average $489.55, totaling $1,127.5 million
• Program has no obligation to buy any set amount and can be suspended