v3.26.1
Master Trust Investment Information
 12 Months Ended
Dec. 31, 2025
EBP 029  
EBP, Master Trust [Line Items]  
Master Trust Investment Information Master Trust Investment Information
The Plans’ investments are held in a Master Trust. The Plans have specific interests in certain investments of the Master Trust based on account balances of the participants and their investment options. The Master Trust assets are allocated among the participating plans by assigning to each plan those transactions (primarily contributions, benefit payments, and plan-specific expenses) that can be specifically identified and by allocating among all plans, in proportion to the fair value of the assets assigned to each plan, income and expenses resulting from the collective investment of the assets of the Master Trust. The Master Trust is composed of the divided interests held by the Salaried Plan and the Hourly Plan. Investments and the income therefrom are allocated to participating Plans based on each Plan's participation in investment options within the Master Trust.

The following table presents the Master Trust balances and the Plans' interest in the Master Trust balances as of December 31, 2025 and 2024:

December 31, 2025
Master TrustSalaried Plan Interest in Master Trust BalancesHourly Plan Plan Interest in Master Trust Balances
Investment securities at fair value:
ADM and other common stock$301,444,591 $226,847,905 $74,596,686 
Mutual funds199,559,176 170,672,201 28,886,975 
Common collective trust funds2,592,308,159 1,987,739,267 604,568,892 
3,093,311,926 2,385,259,373 708,052,553 
Investment in synthetic contract at contract value186,619,618 141,062,145 45,557,473 
$3,279,931,544 $2,526,321,518 $753,610,026 

December 31, 2024
Master TrustSalaried Plan Interest in Master Trust BalancesHourly Plan Plan Interest in Master Trust Balances
Investment securities at fair value:
ADM and other common stock$281,573,085 $211,281,429 $70,291,656 
Mutual funds484,280,708 420,395,306 63,885,402 
Common collective trust funds1,977,184,661 1,491,654,830 485,529,831 
2,743,038,454 2,123,331,565 619,706,889 
Investment in synthetic contract at contract value211,500,496 161,269,314 50,231,182 
$2,954,538,950 $2,284,600,879 $669,938,071 
5.     Master Trust Investment Information (continued)

Summarized financial information with respect to the Master Trust’s net investment income is as follows for the years ended December 31, 2025 and 2024:

Year Ended December 31
20252024
Net appreciation in fair value of investments$384,510,720 $147,102,762 
Dividend and interest income65,482,408 59,549,156 
Total investment gain$449,993,128 $206,651,918 
EBP 030  
EBP, Master Trust [Line Items]  
Master Trust Investment Information Master Trust Investment Information
The Plans’ investments are held in a Master Trust. The Plans have specific interests in certain investments of the Master Trust based on account balances of the participants and their investment options. The Master Trust assets are allocated among the participating plans by assigning to each plan those transactions (primarily contributions, benefit payments, and plan-specific expenses) that can be specifically identified and by allocating among all plans, in proportion to the fair value of the assets assigned to each plan, income and expenses resulting from the collective investment of the assets of the Master Trust. The Master Trust is composed of the divided interests held by the Salaried Plan and the Hourly Plan. Investments and the income therefrom are allocated to participating Plans based on each Plan's participation in investment options within the Master Trust.

The following table presents the Master Trust balances and the Plans' interest in the Master Trust balances as of December 31, 2025 and 2024:

December 31, 2025
Master TrustSalaried Plan Interest in Master Trust BalancesHourly Plan Plan Interest in Master Trust Balances
Investment securities at fair value:
ADM and other common stock$301,444,591 $226,847,905 $74,596,686 
Mutual funds199,559,176 170,672,201 28,886,975 
Common collective trust funds2,592,308,159 1,987,739,267 604,568,892 
3,093,311,926 2,385,259,373 708,052,553 
Investment in synthetic contract at contract value186,619,618 141,062,145 45,557,473 
$3,279,931,544 $2,526,321,518 $753,610,026 

December 31, 2024
Master TrustSalaried Plan Interest in Master Trust BalancesHourly Plan Plan Interest in Master Trust Balances
Investment securities at fair value:
ADM and other common stock$281,573,085 $211,281,429 $70,291,656 
Mutual funds484,280,708 420,395,306 63,885,402 
Common collective trust funds1,977,184,661 1,491,654,830 485,529,831 
2,743,038,454 2,123,331,565 619,706,889 
Investment in synthetic contract at contract value211,500,496 161,269,314 50,231,182 
$2,954,538,950 $2,284,600,879 $669,938,071 
5.     Master Trust Investment Information (continued)

Summarized financial information with respect to the Master Trust’s net investment income is as follows for the years ended December 31, 2025 and 2024:

Year Ended December 31
20252024
Net appreciation in fair value of investments$384,510,720 $147,102,762 
Dividend and interest income65,482,408 59,549,156 
Total investment gain$449,993,128 $206,651,918