v3.26.1
Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2025
EBP-001  
EBP, Investment, Fair Value and NAV [Line Items]  
EBP, Investment, Fair Value and NAV [Table Text Block]
The following tables set forth by level within the fair value hierarchy a summary of the Plan’s interest in Master Trust and Plan’s investments measured at fair value on a recurring basis at December 31, 2025 and 2024.
Fair Value Measurements at December 31, 2025
(in thousands)Quoted Prices
in Active
Markets
(Level 1)		Other
Observable
Inputs
(Level 2)		Total
Fair
Value
Cash and cash equivalents$61,365 $— $61,365 
Debt securities:
  U.S. government and agencies77,846 186,311 264,157 
  Corporate and other— 198,274 198,274 
Mutual funds239 — 239 
Self-directed brokerage accounts1,156,447 39,337 1,195,784 
Common stock2,542,342 — 2,542,342 
           Total assets in the fair value hierarchy$3,838,239 $423,922 4,262,161 
Instruments measured at NAV24,652,641 
Total investments at fair value$28,914,802 
Fair Value Measurements at December 31, 2024
(in thousands)Quoted Prices
in Active
Markets
(Level 1)		Other
Observable
Inputs
(Level 2)		Total
Fair
Value
Cash and cash equivalents$27,785 $— $27,785 
Debt securities:
  U.S. government and agencies
76,137 162,636 238,773 
  Corporate and other
— 200,107 200,107 
Mutual funds616,141 — 616,141 
Self-directed brokerage accounts924,672 32,256 956,928 
Common stock2,731,135 — 2,731,135 
           Total assets in the fair value hierarchy
$4,375,870 $394,999 4,770,869 
Instruments measured at NAV20,479,663 
Total investments at fair value$25,250,532 
Investments Measured Using the NAV Per Share Practical Expedient
The following table summarizes investments for which fair value is measured using the NAV per share practical expedient as of December 31, 2025 and 2024.
Investment
Fair Value(1)
Unfunded Commitment
Redemption Frequency(2)
Redemption Notice Period(3)(4)
(in thousands)(in thousands)
December 31, 2025
Common collective trusts$24,652,641 $— ImmediateVarious
December 31, 2024
Common collective trusts$20,479,663 $— ImmediateVarious
(1)    The fair value of investments are based on the fair values of the underlying investments in the funds.
(2)    Certain events may cause funds held in the common collective trusts to be deferred, including, but not limited to, the following:
(i)Closing or disruption of the financial markets or exchanges in which a transaction is unable to be settled prudently.
(ii)An emergency situation in which the disposition of assets would be seriously prejudicial to participants.
(iii)Breakdown in the means of communication normally employed to determine fair market value of an investment.
(iv)Investments cannot be effected at normal rates of exchange.
None of these events occurred in 2025 and 2024.
(3)    Certain common collective trusts require redemption notice periods for plan withdrawals at the discretion of the investment advisor.
(4)    Certain common collective trusts require redemption notice periods for participant withdrawals at the discretion of the investment advisor.