v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 334  
EBP, Investment, Fair Value and NAV [Line Items]  
EBP, Investment, Fair Value and NAV
The following tables summarize investment assets measured at fair value at December 31, 2025 and 2024. During the years presented, there have been no transfers of assets between Levels 1, 2 and 3 as defined above:
Investment Assets at Fair Value at December 31, 2025 
 Level 1Level 2Level 3Total
Mutual Funds$22,405,910 $— $— $22,405,910 
Self-Directed Brokerage Account83,532,436 — — 83,532,436 
Linde Stock626,051,633 — — 626,051,633 
Total Investments, at Fair Value$731,989,979 — — 731,989,979 
Common Trusts*2,216,356,850 
Total Fair Value Investments$2,948,346,829 
Investment Assets at Fair Value at December 31, 2024 
 Level 1Level 2Level 3Total
Mutual Funds$59,584,006 — — $59,584,006 
Self-Directed Brokerage Account74,075,697 — — 74,075,697 
Linde Stock661,053,870 — — 661,053,870 
Total Investments, at Fair Value$794,713,573 — — 794,713,573 
Common Trusts*1,933,890,127 
Total Fair Value Investments$2,728,603,700 
 
* Common trusts are measured using the Net Asset Value (“NAV”) as a practical expedient for fair value as permissible under ASC Topic 820 and have not been categorized in the fair value hierarchy. Common trust NAVs are provided by the trustee and are determined by reference to the fair value of the underlying securities of the trust, less its liabilities, which are valued primarily through the use of directly or indirectly observable inputs. Depending on the common trust, underlying securities may include marketable equity securities with small, moderate, or large market capitalizations; international marketable equity securities and other investments; domestic fixed income securities; money market funds; or investment contracts issued by insurance companies and other financial institutions.