v3.26.1
DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 2025
EBP 002  
EBP, Derivative [Line Items]  
Schedule of Notional Value of Derivative Contracts
The following table summarizes the gross notional value of derivative contracts outstanding as of December 31, 2025 and 2024. The gross notional amounts give an indication of the volume of the Master Trust’s derivative activity and significantly exceed the fair value of the derivative investments, which is more representative of the economic exposure associated with derivatives in the Master Trust.
Interest RateCreditForeign
Currency
EquityFuture
Settlement
Total
December 31, 2025
Forward contracts$— $— $471 $— $— $471 
Futures3,262 — 11 304 — 3,577 
Options— — — — 
Swaps997 — — — 1,006 
TBAs— — — — 677 677 
Total$4,261 $$482 $304 $677 $5,733 
December 31, 2024
Forward contracts$— $— $276 $— $— $276 
Futures2,793 — 277 — 3,075 
Options53 — 16 — — 69 
Swaps1,294 50 — — — 1,344 
TBAs— — — — 725 725 
Total$4,140 $50 $297 $277 $725 $5,489