v3.26.1
SAVINGS PLAN MASTER TRUST
 12 Months Ended
Dec. 31, 2025
EBP 007  
EBP, Master Trust [Line Items]  
SAVINGS PLAN MASTER TRUST SAVINGS PLAN MASTER TRUST
The Plan’s investment assets are held in the Savings Plan Master Trust, a tax-exempt collective trust described in IRS Revenue Ruling 81-100. The Plan’s share of the Savings Plan Master Trust’s net assets and investment activities is based upon the total of each individual participant’s share of the Savings Plan Master Trust. There were no transfers in or out of Level 3 during 2025 or 2024.

The major classes of investments of the Savings Plan Master Trust and the Plan's interest in the Savings Plan Master Trust as of December 31, 2025 were as follows:
(Dollars in Thousands)Level 1Level 2Level 3Master Trust TotalPlan's Interest in Master Trust
Mutual Funds$645,028 $— $— $645,028 $3,486 
Bristol-Myers Squibb Company Stock488,202 — — 488,202 8,925 
Money Market Funds347,141 — — 347,141 5,501 
Self-Directed Brokerage Accounts563,112 36,546 — 599,658 4,304 
Total$2,043,483 $36,546 $— 2,080,029 22,216 
Investments Measured at Net Asset Value(a):
Common Collective Trusts10,525,923 43,137 
Net Assets, at Fair Value12,605,952 65,353 
Net Assets, at Contract Value (Note 5)295,677 5,256 
Total Net Assets$12,901,629 $70,609 
The major classes of investments of the Savings Plan Master Trust and the Plan's interest in the Savings Plan Master Trust as of December 31, 2024 were as follows:
(Dollars in Thousands)Level 1Level 2Level 3Master Trust TotalPlan's Interest in Master Trust
Mutual Funds$617,761 $— $— $617,761 $3,319 
Bristol-Myers Squibb Company Stock554,933 — — 554,933 10,041 
Money Market Funds330,035 — — 330,035 5,911 
Self-Directed Brokerage Accounts460,217 37,755 — 497,972 2,774 
Total$1,962,946 $37,755 $— 2,000,701 22,045 
Investments Measured at Net Asset Value(a):
Common Collective Trusts9,317,512 37,439 
Net Assets, at Fair Value11,318,213 59,484 
Net Assets, at Contract Value (Note 5)359,134 7,179 
Total Net Assets$11,677,347 $66,663 

(a)    In accordance with ASC Subtopic 820-10, certain investments that were measured at NAV per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the statements of net assets available for benefit.

Certain of the Plan's money market funds, mutual funds, self-directed brokerage accounts and CCTs include funds that are a party-in-interest to the Plan, which are further described in "Note 7 - Exempt Party-In-Interest Transactions."

The total net investment income of the Savings Plan Master Trust for the year ended December 31, 2025 was as follows:
(Dollars in Thousands)
Net investment income:
Interest income$40,821 
Dividend income39,835 
Net appreciation in fair value of investments1,825,628 
Total net investment income$1,906,284 
Plan's share of net investment income in the Savings Plan Master Trust$9,286