v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 011  
EBP, Master Trust [Line Items]  
EBP, Investment, Fair Value and NAV
The following tables set forth by level the fair value hierarchy of the investments held by the DC Master Trust and the Plan as of December 31, 2025 and 2024 ($ in thousands):
As of December 31, 2025
Level 1Level 2Level 3NAV (a)Total
DC Master Trust
Short-term investment funds$— $— $— $21,639 $21,639 
HII common stock274,356 — — — 274,356 
Collective trust funds— — — 5,820,851 5,820,851 
Schwab Personal Choice Retirement Account448,209 3,028 — — 451,237 
Total assets in the DC Master Trust$722,565 $3,028 $— $5,842,490 $6,568,083 
Other Plan Investments
Short-term investment fund$— $— $— $5,886 $5,886 
Total Other Plan Investments$— $— $— $5,886 $5,886 
(a) Investments in collective trust funds are measured at fair value using NAV as a practical expedient, and therefore have not been classified in the fair value hierarchy.
As of December 31, 2024
Level 1Level 2Level 3NAV (a)Total
DC Master Trust
Short-term investment funds$— $— $— $21,658 $21,658 
HII common stock181,010 — — — 181,010 
Collective trust funds— — — 5,040,576 5,040,576 
Schwab Personal Choice Retirement Account399,055 2,591 — — 401,646 
Total assets in the DC Master Trust$580,065 $2,591 $— $5,062,234 $5,644,890 
Other Plan Investments
Short-term investment fund$— $— $— $5,170 $5,170 
Total Other Plan Investments$— $— $— $5,170 $5,170 
(a) Investments in collective trust funds are measured at fair value using NAV as a practical expedient, and therefore have not been classified in the fair value hierarchy.