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      "text": "On July 28th the Board of Directors approved a $1 billion increase to our existing $1 billion share repurchase program (announced in 2021), bringing our total authorization under the program to $2 billion.",
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      "text": "Our approach to capital allocation prioritizes profitable growth while maintaining a balance sheet that can support our long term strategy. To the extent excess capacity arises above these needs, we plan to take our shareholders into consideration. As an initial step in this regard, on July 28th the Board of Directors approved a $1 billion increase to our existing $1 billion share repurchase program (announced in 2021), bringing our total authorization under the program to $2 billion. With $104 million utilized under the existing authorization (from August 2021 through January 2022), the $1 billion increase brings the total remaining authorization to $1.9 billion.",
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      "text": "The share repurchase authorization expires on April 21st, 2026 and can be renewed by decision at a general meeting of shareholders of the Company. Any repurchase program would be executed in accordance with the Company’s capital allocation strategy, the rules of the U.S. Securities and Exchange Commission and other applicable legal requirements. The repurchase program does not obligate the Company to acquire any particular amount of ordinary shares and could be suspended or discontinued at any time at the Company’s discretion.",
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