
	December 31, 2025				December 31, 2024
	Master Trust Assets		Plan's Interest in Master Trust		Master Trust Assets		Plan's Interest in Master Trust
Master Trust Assets
Southwest Airlines Co. Stable Value Fund	$	—	$	—	$	1,159,079	$	1,159,079

The following are the changes in net assets for the Master Trust for the year ended December 31, 2025 (in thousands):


Additions (deductions) to Master Trust net assets attributed to:
Interest and dividends	$	33,791
Net transfers	(135,240)
Master Trust termination	(1,025,562)
FMV Adjustment	(32,068)
Net decrease in net assets in the Master Trust	(1,159,079)

Net assets in the Master Trust at beginning of year	$	1,159,079
Net assets in the Master Trust at end of year	$	—


	Year Ended
	December 31, 2025
	Master Trust		Plan's
	Income		Interest
Master Trust Income
Interest and dividends	$	33,791	100.0	%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

- Definition

Tabular disclosure of master trust arrangement in which employee stock purchase, saving, or similar plan (employee benefit plan (EBP)) participates.

+ References + Details