v3.26.1
Employee Benefit Plan, Fair Value and NAV Practical Expedient (Tables) - EPB 012 [Member]
 12 Months Ended
Dec. 31, 2025
Employee Benefit Plan, Investment, Fair Value and NAV [Abstract]  
Employee Benefit Plan, Investment, Fair Value and NAV
The following table presents investments measured at fair value on a recurring basis as of December 31, 2025:
($ amounts in millions)Level 1Level 2Level 3Total
Regions stock fund$340 $— $— $340 
Mutual funds1,024 — — 1,024 
Total assets in the fair value hierarchy$1,364 $— $— $1,364 
Investments measured at NAV:
Collective investment trust funds(a)
2,207 
Total investments at fair value$3,571 
The following table presents investments measured at fair value on a recurring basis as of December 31, 2024:
($ amounts in millions)Level 1Level 2Level 3Total
Regions stock fund$320 $— $— $320 
Mutual funds899 — — 899 
Total assets in the fair value hierarchy$1,219 $— $— $1,219 
Investments measured at NAV:
Collective investment trust funds(a)
1,946 
Total investments at fair value$3,165 

(a) In accordance with ASC 820, Fair Value Measurement, certain investments that were measured at fair value using the NAV per unit (or its equivalent) as a practical expedient are not required to be classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of amounts reported in the fair value hierarchy to the amounts reported in the statements of net assets available for benefits. Also, in accordance with accounting guidance, if an investment is measured using the NAV per unit (or its equivalent) as the practical expedient and that investment is in a fund that files a Form 5500, Annual Return/Report of Employee Benefit Plan, as a direct filing entity, then disclosure of that investment’s strategy is not required.
3. Fair Value of Financial Instruments (continued)
Assets in all levels could result in volatile and material price fluctuations.
The following table summarizes the Plan’s investments with a reported fair value using NAV per unit at December 31. There were no unfunded commitments at December 31, 2025 and 2024.
($ amounts in millions)20252024Redemption PeriodRedemption Notice Period
Morley Stable Value Fund$238 $254 DailyN/A
Pioneer Large Cap Core Equity Trust153 132 Daily5 days if greater than $1 million
Pioneer US Balanced Trust142 136 Daily5 days if greater than $1 million
T. Rowe Price Retirement 2005 Trust4 3 Daily30 days
T. Rowe Price Retirement 2010 Trust2 2 Daily30 days
T. Rowe Price Retirement 2015 Trust7 8 Daily30 days
T. Rowe Price Retirement 2020 Trust26 24 Daily30 days
T. Rowe Price Retirement 2025 Trust75 72 Daily30 days
T. Rowe Price Retirement 2030 Trust123 109 Daily30 days
T. Rowe Price Retirement 2035 Trust169 135 Daily30 days
T. Rowe Price Retirement 2040 Trust165 132 Daily30 days
T. Rowe Price Retirement 2045 Trust173 135 Daily30 days
T. Rowe Price Retirement 2050 Trust143 112 Daily30 days
T. Rowe Price Retirement 2055 Trust105 83 Daily30 days
T. Rowe Price Retirement 2060 Trust65 49 Daily30 days
T. Rowe Price Retirement 2065 Trust18 11 Daily30 days
T. Rowe Price Large Cap Growth396 357 Daily30 days
BNYM EB US Small-Mid Cap Growth Equity Fund108 102 DailyN/A
Victory Integrity Small/Mid Cap Value89 89 DailyN/A
Harding Loevner International Equity6 1 DailyN/A
Total$2,207 $1,946 
Employee Benefit Plan, Investment, Fair Value and NAV [Line Items]  
Employee Benefit Plan, Investment, Fair Value and NAV
The following table presents investments measured at fair value on a recurring basis as of December 31, 2025:
($ amounts in millions)Level 1Level 2Level 3Total
Regions stock fund$340 $— $— $340 
Mutual funds1,024 — — 1,024 
Total assets in the fair value hierarchy$1,364 $— $— $1,364 
Investments measured at NAV:
Collective investment trust funds(a)
2,207 
Total investments at fair value$3,571 
The following table presents investments measured at fair value on a recurring basis as of December 31, 2024:
($ amounts in millions)Level 1Level 2Level 3Total
Regions stock fund$320 $— $— $320 
Mutual funds899 — — 899 
Total assets in the fair value hierarchy$1,219 $— $— $1,219 
Investments measured at NAV:
Collective investment trust funds(a)
1,946 
Total investments at fair value$3,165 

(a) In accordance with ASC 820, Fair Value Measurement, certain investments that were measured at fair value using the NAV per unit (or its equivalent) as a practical expedient are not required to be classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of amounts reported in the fair value hierarchy to the amounts reported in the statements of net assets available for benefits. Also, in accordance with accounting guidance, if an investment is measured using the NAV per unit (or its equivalent) as the practical expedient and that investment is in a fund that files a Form 5500, Annual Return/Report of Employee Benefit Plan, as a direct filing entity, then disclosure of that investment’s strategy is not required.
3. Fair Value of Financial Instruments (continued)
Assets in all levels could result in volatile and material price fluctuations.
The following table summarizes the Plan’s investments with a reported fair value using NAV per unit at December 31. There were no unfunded commitments at December 31, 2025 and 2024.
($ amounts in millions)20252024Redemption PeriodRedemption Notice Period
Morley Stable Value Fund$238 $254 DailyN/A
Pioneer Large Cap Core Equity Trust153 132 Daily5 days if greater than $1 million
Pioneer US Balanced Trust142 136 Daily5 days if greater than $1 million
T. Rowe Price Retirement 2005 Trust4 3 Daily30 days
T. Rowe Price Retirement 2010 Trust2 2 Daily30 days
T. Rowe Price Retirement 2015 Trust7 8 Daily30 days
T. Rowe Price Retirement 2020 Trust26 24 Daily30 days
T. Rowe Price Retirement 2025 Trust75 72 Daily30 days
T. Rowe Price Retirement 2030 Trust123 109 Daily30 days
T. Rowe Price Retirement 2035 Trust169 135 Daily30 days
T. Rowe Price Retirement 2040 Trust165 132 Daily30 days
T. Rowe Price Retirement 2045 Trust173 135 Daily30 days
T. Rowe Price Retirement 2050 Trust143 112 Daily30 days
T. Rowe Price Retirement 2055 Trust105 83 Daily30 days
T. Rowe Price Retirement 2060 Trust65 49 Daily30 days
T. Rowe Price Retirement 2065 Trust18 11 Daily30 days
T. Rowe Price Large Cap Growth396 357 Daily30 days
BNYM EB US Small-Mid Cap Growth Equity Fund108 102 DailyN/A
Victory Integrity Small/Mid Cap Value89 89 DailyN/A
Harding Loevner International Equity6 1 DailyN/A
Total$2,207 $1,946