v3.26.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
EBP 010  
EBP, Investment, Fair Value and NAV [Line Items]  
Summary of Fair Value Hierarchy Master Trust Investment Assets at Fair Value and NAV

As of December 31, 2025 and 2024, the Plan held no investments outside of its interest held in the Master Trust. The following table sets forth by level, within the fair value hierarchy, the Master Trust’s investment assets at fair value as of December 31, 2025:

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Ashland Common Stock Fund

 

 

 

 

 

 

 

 

 

 

 

Money Market Fund

$

252

 

 

$

 

 

$

 

 

$

252

 

Ashland Inc. Common Stock

 

28,860

 

 

 

 

 

 

 

 

 

28,860

 

Shares of Registered Investment Companies

 

171,539

 

 

 

 

 

 

 

 

 

171,539

 

Stable Value Fund Money Market Fund

 

3,577

 

 

 

 

 

 

 

 

 

3,577

 

Total assets in the fair value hierarchy

 

204,228

 

 

 

 

 

 

 

 

 

204,228

 

Common/Collective Trusts (a)

 

 

 

 

 

 

 

 

 

 

1,164,998

 

Investments at fair value

$

204,228

 

 

$

 

 

$

 

 

$

1,369,226

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)
Common/Collective Trusts are measured at fair value using the net asset value per share or its equivalent as a practical expedient and are therefore not required to be classified in the fair value hierarchy.

The following table sets forth by level, within the fair value hierarchy, the Master Trust’s investment assets at fair value as of December 31, 2024:

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Ashland Common Stock Fund

 

 

 

 

 

 

 

 

 

 

 

Money Market Fund

$

397

 

 

$

 

 

$

 

 

$

397

 

Ashland Inc. Common Stock

 

38,372

 

 

 

 

 

 

 

 

 

38,372

 

Shares of Registered Investment Companies

 

162,677

 

 

 

 

 

 

 

 

 

162,677

 

Stable Value Fund Money Market Fund

 

1,793

 

 

 

 

 

 

 

 

 

1,793

 

Total assets in the fair value hierarchy

 

203,239

 

 

 

 

 

 

 

 

 

203,239

 

Common/Collective Trusts (a)

 

 

 

 

 

 

 

 

 

 

1,099,829

 

Investments at fair value

$

203,239

 

 

$

 

 

$

 

 

$

1,303,068

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)
Common/Collective Trusts are measured at fair value using the net asset value per share or its equivalent as a practical expedient and are therefore not required to be classified in the fair value hierarchy.
The following table sets forth the investments valued at NAV as of December 31, 2025:

 

 

Fair Value

 

 

Unfunded Commitments

 

Redemption Frequency

 

Other Redemption Restrictions

 

Redemption Notice Period

Common/Collective Trusts

$

1,164,998

 

 

None

 

Daily

 

None

 

None

The following table sets forth the investments valued at NAV as of December 31, 2024:

 

 

Fair Value

 

 

Unfunded Commitments

 

Redemption Frequency

 

Other Redemption Restrictions

 

Redemption Notice Period

Common/Collective Trusts

$

1,099,829

 

 

None

 

Daily

 

None

 

None