| Schedule of Master Trust |
The following tables present the Master Trust balances and the Plan’s interest in the Master Trust balances as of December 31, 2025 and 2024: | | | | | | | | | | | |
| Master Trust Balances as of December 31, 2025 | | Plan’s interest in Master Trust Balances as of December 31, 2025 | Company common stock | $ | 228,264,940 | |
| $ | 221,300,718 | | Common collective trusts | 5,547,791,181 | |
| 5,460,537,926 | | Mutual funds | 234,860,058 | |
| 232,970,000 | | Cash equivalents | 21,041,877 | |
| 20,700,731 | | Total investments at fair value | $ | 6,031,958,056 | |
| $ | 5,935,509,375 | | Investment contracts at contract value (see note 5) | 386,072,611 | |
| 381,115,519 | | Total investments | $ | 6,418,030,667 | |
| $ | 6,316,624,894 | |
| | | | | | | | | | | |
| Master Trust Balances as of December 31, 2024 | | Plan’s interest in Master Trust Balances as of December 31, 2024 | Company common stock | $ | 309,098,578 | |
| $ | 298,435,503 | | Common collective trusts | 4,863,355,623 | |
| 4,794,935,812 | | Mutual funds | 201,558,912 | |
| 200,155,977 | | Cash equivalents | 14,576,829 | |
| 14,315,257 | | Total investments at fair value | $ | 5,388,589,942 | |
| $ | 5,307,842,549 | | Investment contracts at contract value (see note 5) | 399,239,232 | |
| 394,546,633 | | Total investments | $ | 5,787,829,174 | |
| $ | 5,702,389,182 | |
The following table presents the net appreciation in fair values of investment and investment income of the Master Trust and Plan for the Year Ended December 31, 2025: | | | | | | | | | | | |
| Master Trust Balances | | Plan’s interest in Master Trust Balances | Net appreciation | $ | 826,950,750 | |
| $ | 815,326,799 | | Interest, dividends and other income | 30,659,229 | |
| 30,215,532 | | Total investment income | $ | 857,609,979 | |
| $ | 845,542,331 | |
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