v3.26.1
Fair Value Measurements
 12 Months Ended
Dec. 31, 2025
EBP 003  
EBP, Investment, Fair Value and NAV [Line Items]  
Fair Value Measurements Fair Value Measurements
The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described as follows:
•Level 1. Inputs to the valuation methodology are unadjusted quoted prices for identical assets in active markets that the Plan has the ability to access.
•Level 2. Inputs to the valuation methodology include quoted prices for similar assets in active markets; quoted prices for identical or similar assets in inactive markets; inputs other than quoted prices that are observable for the asset; inputs that are derived principally from or corroborated by observable market data by correlation or other means. If the asset has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset.
•Level 3. Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
The asset's fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques maximize the use of relevant observable inputs and minimize the use of unobservable inputs. There have been no changes in the methodologies used at December 31, 2025 and 2024.
Assets Measured at Fair Value on a Recurring Basis
The following table sets forth by level, within the fair value hierarchy, the Plan's assets at fair value as of December 31, 2025.

Assets at Fair Value Classified as Level 1Investments Measured at Net Asset ValueTotal
Assets
Company common stock$366,081,670 $— $366,081,670 
Mutual funds729,844,190 — 729,844,190 
Self-directed brokerage accounts3,438,555,654 — 3,438,555,654 
Collective trust funds— 22,738,904,423 22,738,904,423 
Total investments, at fair value$4,534,481,514 $22,738,904,423 $27,273,385,937 

The following table sets forth by level, within the fair value hierarchy, the Plan's assets at fair value as of December 31, 2024.
Assets at Fair Value Classified as Level 1Investments Measured at Net Asset ValueTotal
Assets
Company common stock$224,220,871 $— $224,220,871 
Mutual funds736,060,100 — 736,060,100 
Self-directed brokerage accounts2,997,158,611 — 2,997,158,611 
Collective trust funds— 20,670,879,318 20,670,879,318 
Total investments, at fair value$3,957,439,582 $20,670,879,318 $24,628,318,900 
Assets Reported at Net Asset Value
The following table summarizes investments held by the Plan measured at fair valued based on net asset value per share as of December 31, 2025 and 2024, respectively.
20252024Redemption PeriodRedemption Notice
Collective trust funds$22,738,904,423 $20,670,879,318 Daily
0 - 5 days