| Schedule of Total of Investments in Master Trust |
The following table presents the total of investments in the Master Trust (in thousands):
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December 31, 2025 |
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|
December 31, 2024 |
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Master
Trust |
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Plan’s
Investment |
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|
Master
Trust |
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|
Plan’s
Investment |
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Investments: |
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Mutual Funds |
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$ |
1,568,564 |
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$ |
1,040,492 |
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|
$ |
1,427,910 |
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|
$ |
933,824 |
|
Company Stock Fund |
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|
731,913 |
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|
|
478,851 |
|
|
|
710,698 |
|
|
|
462,925 |
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Common / Collective Trusts |
|
|
5,004,869 |
|
|
|
3,250,161 |
|
|
|
4,331,428 |
|
|
|
2,795,601 |
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Total investments measured at fair value |
|
|
7,305,346 |
|
|
|
4,769,504 |
|
|
|
6,470,036 |
|
|
|
4,192,350 |
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Investments measured at contract value |
|
|
656,934 |
|
|
|
436,796 |
|
|
|
688,896 |
|
|
|
452,311 |
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Total |
|
$ |
7,962,280 |
|
|
$ |
5,206,300 |
|
|
$ |
7,158,932 |
|
|
$ |
4,644,661 |
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Plan’s Percentage of Investment in Master Trust Net Assets |
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|
|
|
|
65 |
% |
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|
|
|
65 |
% |
|
| Schedule of Investment Income for Master Trust |
Investment income for the Master Trust was as follows (in thousands):
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Year Ended
December 31,
2025 |
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Investment income: |
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|
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Net investment appreciation |
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$ |
914,202 |
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Interest and dividend income |
|
|
152,929 |
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Total |
|
$ |
1,067,131 |
|
Plan’s percentage of investment income from the Master Trust |
|
65 % |
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|