v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 004  
EBP, Investment, Fair Value and NAV [Line Items]  
Fair Value Measurments
The following table sets forth by level, within the fair value hierarchy, the assets of the Master Trust at their fair value as of December 31, 2025: 
(in thousands)
(Level 1)(Level 2)Total
Mutual funds$975,058 $— $975,058 
Common stock904,135 — 904,135 
Self-directed brokerage fund186,251 13,242 199,493 
Separately managed account753,524 — 753,524 
Total assets in the fair value hierarchy$2,818,968 $13,242 $2,832,210 
Investments measured at NAV(1)
9,235,568 
Investments at fair value$12,067,778 
The following table sets forth by level, within the fair value hierarchy, the assets at fair value of the Master Trust as of December 31, 2024:
(in thousands)
(Level 1)(Level 2)Total
Mutual funds$952,431 $— $952,431 
Common stock838,435 — 838,435 
Self-directed brokerage fund148,390 14,107 162,497 
Separately managed account767,754 — 767,754 
Total assets in the fair value hierarchy$2,707,010 $14,107 $2,721,117 
Investments measured at NAV(1)
9,099,674 
Investments at fair value$11,820,791 
(1)Investments measured at NAV per share or its equivalent are not 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 line items presented in the statements of net assets available for benefits. These investments, which represent the Master Trust’s investments in collective trusts, have no unfunded commitments, have a daily redemption frequency and do not have a redemption notice period.