| Summary of By Level Within Fair Value Hierarchy, Plan's Assets Fair Value |
The following tables set forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2025 and 2024:
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Assets at fair value as of December 31, 2025 |
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Total |
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Level 1 |
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Level 2 |
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Level 3 |
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Common/collective trust funds |
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$ |
1,220,829,081 |
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$ |
— |
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$ |
1,220,829,081 |
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$ |
— |
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Money market funds |
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89,127 |
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89,127 |
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— |
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— |
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Mutual funds |
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423,577,200 |
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423,577,200 |
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— |
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— |
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Participant self-directed brokerage account |
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201,060,562 |
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201,060,562 |
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— |
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— |
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BAT Stock Fund: |
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BAT American Depository Shares |
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147,840,765 |
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147,840,765 |
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— |
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— |
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Fidelity money market fund |
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2,702,938 |
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2,702,938 |
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— |
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— |
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Total BAT Stock Fund |
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150,543,703 |
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150,543,703 |
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— |
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— |
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Stable value collective trust fund |
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243,095,162 |
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— |
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243,095,162 |
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— |
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Total investments at fair value |
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$ |
2,239,194,835 |
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$ |
775,270,592 |
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$ |
1,463,924,243 |
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$ |
— |
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Assets at fair value as of December 31, 2024 |
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Total |
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Level 1 |
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Level 2 |
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Level 3 |
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Common/collective trust funds |
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$ |
651,401,086 |
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$ |
— |
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$ |
651,401,086 |
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$ |
— |
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Money market funds |
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105,409 |
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105,409 |
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— |
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— |
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Mutual funds |
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808,872,959 |
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808,872,959 |
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— |
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— |
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Participant self-directed brokerage account |
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175,264,994 |
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175,264,994 |
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— |
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— |
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BAT Stock Fund: |
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BAT American Depository Shares |
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99,635,022 |
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99,635,022 |
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— |
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— |
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Fidelity money market fund |
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1,652,804 |
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1,652,804 |
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— |
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— |
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Total BAT Stock Fund |
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101,287,826 |
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101,287,826 |
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— |
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— |
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Stable value collective trust fund |
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265,563,658 |
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— |
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265,563,658 |
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— |
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Total investments at fair value |
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$ |
2,002,495,932 |
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$ |
1,085,531,188 |
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$ |
916,964,744 |
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$ |
— |
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