v3.26.1
Fair Value of Investments
 12 Months Ended
Dec. 31, 2025
EBP 002  
EBP, Schedule of Asset Held for Investment [Line Items]  
Fair Value of Investments Fair Value of Investments
The Plan's investments are measured at fair value on a recurring basis. Accounting Standards Codification Topic 820 describes three levels of inputs that may be used to measure fair value:

Level 1    Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2    Quoted prices for identical or similar assets or liabilities in markets that are not considered to be active or identical or similar financial instruments for which all significant inputs are observable, either directly or indirectly.
Level 3    Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

The Plan’s mutual funds, equity securities, and self-directed brokerage accounts are generally classified within Level 1 of the fair value hierarchy. The fair value of these investments is valued based on quoted market prices in active markets.

The following tables set forth by level within the fair value hierarchy a summary of the Plan’s investments measured at fair value on a recurring basis at December 31, 2025 and 2024:
Investment Assets at Fair Value as of December 31, 2025
Level 1Total
Mutual funds$161,146,928 $161,146,928 
Investments in self-directed brokerage accounts 131,975,846 131,975,846 
Investments in Expedia Group, Inc. common stock41,338,094 41,338,094 
Total investments at fair value$334,460,868 334,460,868 
Common collective trust funds measured at NAV*1,758,484,477 
Total investments$2,092,945,345 
Investment Assets at Fair Value as of December 31, 2024
Level 1Total
Mutual funds$162,074,205 $162,074,205 
Investments in self-directed brokerage accounts 100,981,317 100,981,317 
Investments in Expedia Group, Inc. common stock30,970,534 30,970,534 
Total investments at fair value$294,026,056 294,026,056 
Common collective trust funds measured at NAV*1,453,904,077 
Total investments$1,747,930,133 

* Certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in these tables are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the statements of net assets available for benefits.
As of December 31, 2025 and 2024, there were no unfunded commitments for investments.