| Schedule on Plan's investment assets at fair value |
The following tables set forth, by level within the fair value hierarchy, the Plan’s investment assets at fair value as of December 31, 2025 and 2024. As required, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement:
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Fair Value Measurements at December 31,
2025 |
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Total |
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Level I |
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Level II |
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Level III |
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Mutual funds |
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$ |
35,920,873 |
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$ |
35,920,873 |
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$ |
— |
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$ |
— |
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$ |
— |
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Common collective trust |
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140,257 |
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— |
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— |
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— |
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140,257 |
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South Bow common stock |
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734,705 |
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734,705 |
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— |
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— |
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— |
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TC Energy common stock |
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518,568 |
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518,568 |
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— |
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— |
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— |
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Total |
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$ |
37,314,403 |
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$ |
37,174,146 |
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$ |
— |
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$ |
— |
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$ |
140,257 |
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Fair Value Measurements at December 31,
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Mutual funds |
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$ |
29,820,401 |
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$ |
29,820,401 |
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$ |
— |
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$ |
— |
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$ |
— |
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Common collective trust |
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179,484 |
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— |
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— |
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— |
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179,484 |
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South Bow common stock |
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425,398 |
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425,398 |
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— |
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— |
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— |
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TC Energy common stock |
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532,968 |
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532,968 |
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— |
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— |
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— |
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Total |
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$ |
30,958,251 |
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$ |
30,778,767 |
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$ |
— |
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$ |
— |
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$ |
179,484 |
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| 1 |
Fair value is measured using net asset value as a practical expedient and is therefore excluded from the fair value hierarchy. |
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