v3.26.1
SAVINGS PLAN MASTER TRUST (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 002  
EBP, Master Trust [Line Items]  
Schedule of Master Trust
The major classes of investments of the Savings Plan Master Trust and the Program's interest in the Savings Plan Master Trust as of December 31, 2025 were as follows:
(Dollars in Thousands)Level 1Level 2Level 3Master Trust TotalProgram's Interest in Master Trust
Mutual Funds$645,028 $— $— $645,028 $59,285 
Bristol-Myers Squibb Company Stock488,202 — — 488,202 12,747 
Money Market Funds347,141 — — 347,141 2,512 
Self-Directed Brokerage Accounts563,112 36,546 — 599,658 8,376 
Total$2,043,483 $36,546 $— 2,080,029 82,920 
Investments Measured at Net Asset Value(a):
Common Collective Trusts10,525,923 162,799 
Net Assets, at Fair Value12,605,952 245,719 
Net Assets, at Contract Value (Note 5)295,677 — 
Total Net Assets$12,901,629 $245,719 

The major classes of investments of the Savings Plan Master Trust and the Program's interest in the Savings Plan Master Trust as of December 31, 2024 were as follows:
(Dollars in Thousands)Level 1Level 2Level 3Master Trust TotalProgram's Interest in Master Trust
Mutual Funds$617,761 $— $— $617,761 $54,803 
Bristol-Myers Squibb Company Stock554,933 — — 554,933 13,935 
Money Market Funds330,035 — — 330,035 2,299 
Self-Directed Brokerage Accounts460,217 37,755 — 497,972 7,104 
Total$1,962,946 $37,755 $— 2,000,701 78,141 
Investments Measured at Net Asset Value(a):
Common Collective Trusts9,317,512 154,741 
Net Assets, at Fair Value11,318,213 232,882 
Net Assets, at Contract Value (Note 5)359,134 — 
Total Net Assets$11,677,347 $232,882 

(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 benefits.
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 
Program's share of net investment income in the Savings Plan Master Trust$34,206