v3.26.1
Fair Value Measurements
 12 Months Ended
Dec. 31, 2025
EBP 075  
EBP, Investment, Fair Value and NAV [Line Items]  
Fair Value Measurements Plan InvestmentsThe following represents the fair value of Plan investments at December 31, 2025 and 2024:
20252024
Cash and cash equivalents$382 $394 
Equity securities4,068,928 3,460,935 
Common/Collective funds5,249,674 4,638,894 
Self-directed brokerage account331,278 269,785 
Total Plan investments at fair value$9,650,262 $8,370,008 
Fair Value Measurements
 The following is a summary of Plan investments measured at fair value on a recurring basis at December 31, 2025:
TotalQuoted Prices
In Active
Markets
(Level 1)		Significant Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents$382 $382 $— $— 
Equity securities4,068,928 4,068,928 — — 
Self-directed brokerage account331,278 331,278 — — 
Total Plan investments in the fair value hierarchy4,400,588 $4,400,588 $— $— 
Plan investments measured at net asset value (a)
5,249,674 
Plan investments at fair value$9,650,262 
The following is a summary of Plan investments measured at fair value on a recurring basis at December 31, 2024:
TotalQuoted Prices
In Active
Markets
(Level 1)		Significant Other
Observable
Inputs
(Level 2)		Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents$394 $394 $— $— 
Equity securities3,460,935 3,460,935 — — 
Self-directed brokerage account269,785 269,785 — — 
Total Plan investments in the fair value hierarchy3,731,114 $3,731,114 $— $— 
Plan investments measured at net asset value (a)
4,638,894 
Plan investments at fair value$8,370,008 
(a) Plan investments measured at net asset value per share (or its equivalent) as a practical expedient to fair value have not been classified in the fair value hierarchy. These amounts are being presented in the tables above to permit reconciliation of the fair value hierarchy to the amounts presented in the Statement of Net Assets Available for Benefits.
Refer to Note 1 for fund information included in the fair value tables above. The following is a description of the valuation methodologies used to measure the fair values in the tables above. There have been no changes in the methodologies used to measure fair value at December 31, 2025 and 2024.
Cash and cash equivalents: Valued at cost, which approximates fair value.
Equity securities: Measured at fair value using quoted market prices.
Self-directed brokerage account: Valued at the closing price reported on the open market of the individual securities.
Plan investments measured at net asset value per share are excluded from the fair value hierarchy. These Plan investments can be redeemed daily, without restriction on the timing of the redemption. Redemption of the entire investment balance generally requires at least 30-days' notice. At December 31, 2025 and 2024, the Plan had no unfunded commitments related to these investments.
The primary investment objective of all investment funds is to obtain a maximum total return and capital appreciation in an amount that at least equals various market-based benchmarks.