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
The Plan measures and discloses certain financial assets and liabilities at fair value. As of December 31, 2025 and 2024, the Plan’s valuation methodologies used to measure the fair values of common stock and mutual funds was derived from quoted market prices as substantially all of these instruments have active markets or contain underlying assets that may be so valued. As more fully described in Note 2, CCTs are valued using NAV practical expedient measuring the net asset value of the underlying investments at year end.
 
The methods described above for measuring fair values as of December 31, 2025 and 2024 may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Administrator believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. There have been no changes in the techniques used at December 31, 2025 and 2024.
 
The following tables summarize each class of the Plan’s investments:

Fair Value Measurement at Reporting Date
December 31, 2025Level 1Level 2Level 3Total
Mutual Funds$217,987,227 $— $— $217,987,227 
Common Stock64,947,471 — — 64,947,471 
Total Assets in the fair value hierarchy$282,934,698 $— $— $282,934,698 
Investments measured at NAV practical expedient669,432,970 
Investments at fair value$952,367,668 
 
 
December 31, 2024Level 1Level 2Level 3Total
Mutual Funds$191,576,927 $— $— $191,576,927 
Common Stock55,679,017 — — 55,679,017 
Total Assets in the fair value hierarchy$247,255,944 $— $— $247,255,944 
Investments measured at NAV practical expedient564,837,050 
Investments at fair value$812,092,994