v3.26.1
Fair Value Measurement (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 005  
EBP, Investment, Fair Value and NAV [Line Items]  
EBP, Investment, Fair Value and NAV
The following tables present the financial instruments of the master trust at fair value by caption on the statements of net assets available for benefits and by category of the valuation hierarchy (as described above) as of December 31, 2025 and 2024. The master trust had no assets classified within Level 2 or Level 3 of the valuation hierarchy.
Master trust assets measured at fair value on a recurring basis: 
December 31, 2025Level 1NAV (a)Total
Common collective trusts$— $681,459,280 $681,459,280 
Registered investment companies452,989,632 — 452,989,632 
Pooled separate accounts— 151,624,798 151,624,798 
Corporate common stock93,113,165 — 93,113,165 
Cash4,805,431 — 4,805,431 
$550,908,228 $833,084,078 $1,383,992,306 


December 31, 2024Level 1NAV (a)Total
Common collective trusts$— $611,412,373 $611,412,373 
Registered investment companies385,843,440 — 385,843,440 
Pooled separate accounts— 140,662,433 140,662,433 
Corporate common stock68,021,722 — 68,021,722 
Cash3,451,804 — 3,451,804 
$457,316,966 $752,074,806 $1,209,391,772 
(a) Certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in Note 3 and to the statements of net assets available for benefits.
The following table presents the financial instruments of these self-directed accounts at fair value by caption on the statements of net assets available for benefits and by category of the valuation hierarchy (as described above) as of December 31, 2025 and 2024.
December 31, 2025Level 1Total
Registered investment companies$3,938,119 $3,938,119 
December 31, 2024Level 1Total
Registered investment companies$2,184,749 $2,184,749