v3.26.1
Plan's Interest in Master Trust (Tables)
 12 Months Ended
Dec. 31, 2025
EBP-001  
EBP, Master Trust [Line Items]  
EBP, Master Trust [Table Text Block]
The following tables present the net assets of the Master Trust and the Plan’s interest as of December 31, 2025 and 2024.
2025
(in thousands)Master Trust BalancesPlan’s Interest in Master Trust Balances
Cash and cash equivalents$81,994 $56,692 
Debt securities:
U.S. government and agencies340,587 264,157 
Corporate and other255,642 198,274 
Mutual funds405 239 
Common stock3,322,885 2,279,639 
Common collective trusts32,615,272 24,652,641 
Total investments - at fair value36,616,785 27,451,642 
Stable value investment fund (Note 5)1,041,114 831,017 
Total investments37,657,899 28,282,659 
Accrued income9,345 7,055 
Accrued liabilities(7,602)(5,422)
Total net assets$37,659,642 $28,284,292 
2024
(in thousands)Master Trust BalancesPlan’s Interest in Master Trust Balances
Cash and cash equivalents$28,384 $22,613 
Debt securities:
U.S. government and agencies287,260 238,773 
Corporate and other240,742 200,107 
Mutual funds774,528 616,141 
Common stock3,031,090 2,274,135 
Common collective trusts25,622,427 20,479,663 
Total investments - at fair value29,984,431 23,831,432 
Stable value investment fund (Note 5)1,018,451 832,463 
Total investments31,002,882 24,663,895 
Accrued income9,416 7,574 
Accrued liabilities(7,354)(5,520)
Total net assets$31,004,944 $24,665,949 
The Master Trust had the following investment income for the year ended December 31, 2025.
2025
(in thousands)Master Trust Balances
Net appreciation in fair value of investments$5,180,999 
Interest and dividends25,382 
Total investment income$5,206,381 
Plan’s interest in Master Trust investment income$4,118,527