v3.26.1
Fair Value Measurements
 12 Months Ended
Dec. 31, 2025
EBP 001  
EBP, Investment, Fair Value and NAV [Line Items]  
Fair Value Measurements Fair Value Measurements
Accounting Standards Codification 820, Fair Value Measurements and Disclosures, provides a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value, as follows: Level 1, which refers to securities valued using unadjusted quoted prices from active markets for identical assets; Level 2, which refers to securities not traded on an active market but for which observable market inputs are readily available; and Level 3, which refers to securities valued based on significant unobservable inputs. Assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

Financial Assets Carried at Fair Value

The following table provides information as of December 31, 2025 and 2024 about the Plan’s financial assets carried at fair value on a recurring basis.

2025Quoted Prices in Active Markets for Identical AssetsSignificant Other Observable Inputs
(In thousands)(Level 1)(Level 2)Total
Assets at fair value:
Common stock$775,757 $— $775,757 
Pooled separate accounts:
     Fixed maturities— 307,268 307,268 
     Equity securities— 10,218,818 10,218,818 
     Total assets at fair value$775,757 $10,526,086 $11,301,843 
2024Quoted Prices in Active Markets for Identical AssetsSignificant Other Observable Inputs
(In thousands)(Level 1)(Level 2)Total
Assets at fair value:
Common stock$885,305 $— $885,305 
Pooled separate accounts:
     Fixed maturities— 278,518 278,518 
     Equity securities— 9,362,630 9,362,630 
     Total assets at fair value$885,305 $9,641,148 $10,526,453