| Summary of Plan assets measured at fair value on a recurring basis |
The following table sets forth, by level within the fair value hierarchy, Plan assets measured at fair value on a recurring basis as of December 31, 2025:
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Quoted Prices
In Active
Markets for
Identified Assets
(Level 1) |
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Significant
Other
Observable
Inputs
(Level 2) |
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Measured
at Net Asset
Value as a
Practical
Expedient (a) |
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Total |
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Assets |
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Common stocks-Plan sponsor stock |
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$ |
373,736,635 |
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$ |
— |
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$ |
— |
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$ |
373,736,635 |
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Common stocks-other than Plan sponsor stock |
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270,317,866 |
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— |
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— |
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270,317,866 |
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American depositary receipts (ADRs) |
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5,396,777 |
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— |
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— |
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5,396,777 |
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Collective trust funds |
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— |
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— |
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2,473,417,186 |
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2,473,417,186 |
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Mutual funds |
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202,962,583 |
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— |
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— |
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202,962,583 |
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Total assets reported at fair value |
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$ |
852,413,861 |
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$ |
— |
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$ |
2,473,417,186 |
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$ |
3,325,831,047 |
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| (a) |
In accordance with accounting guidance, certain investments measured at NAV per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amount measured at NAV presented in this table is intended to permit reconciliation of the fair value hierarchy to the investments at fair value presented in the statement of net assets available for benefits. | The following table sets forth, by level within the fair value hierarchy, Plan assets measured at fair value on a recurring basis as of December 31, 2024:
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Quoted Prices |
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Significant |
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Measured |
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In Active |
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Other |
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at Net Asset |
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Markets for |
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Observable |
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Value as a |
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Identified Assets |
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Inputs |
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Practical |
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(Level 1) |
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(Level 2) |
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Expedient (a) |
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Total |
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Assets |
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Common stocks-Plan sponsor stock |
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$ |
339,649,785 |
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$ |
— |
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$ |
— |
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$ |
339,649,785 |
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Common stocks-other than Plan sponsor stock |
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280,317,600 |
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— |
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— |
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280,317,600 |
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American depositary receipts (ADRs) |
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6,026,309 |
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— |
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— |
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6,026,309 |
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Collective trust funds |
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— |
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— |
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2,118,884,192 |
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2,118,884,192 |
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Mutual funds |
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|
197,609,176 |
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— |
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— |
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197,609,176 |
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Total assets reported at fair value |
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$ |
823,602,870 |
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$ |
— |
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$ |
2,118,884,192 |
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$ |
2,942,487,062 |
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| (a) |
In accordance with accounting guidance, certain investments measured at NAV per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amount measured at NAV presented in this table is intended to permit reconciliation of the fair value hierarchy to the investments at fair value presented in the statement of net assets available for benefits. |
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