v3.26.1
Master Trust Information
 12 Months Ended
Dec. 31, 2025
EBP 001  
EBP, Master Trust [Line Items]  
Master Trust Information Master Trust Information
The Trustee holds all of the investments and is authorized to execute transactions. Financial information relating to the assets held by the Master Trust is included in the accompanying financial statements based on information provided by the Trustee. The Plan holds a divided interest in the assets of the Master Trust. The Plan’s share of net assets in the Master Trust and net appreciation, interest and dividends in the Master Trust, were determined by the trustee of the Plan as of December 31, 2025 and 2024 and for the year ended December 31, 2025 on the basis of the Plan’s specific ownership interest in the Master Trust’s underlying assets, plus the Plan’s cumulative contributions, less the Plan’s cumulative benefit payments and share of administrative expenses.
Investment gains and administrative expenses related to the Master Trust are allocated to the individual plans based upon average monthly balances by each plan.
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
Parent Company common stock
$
228,264,940 

$
6,964,222 
Common collective trusts
5,547,791,181 

87,253,255 
Mutual funds
234,860,058 
1,890,058 
Cash equivalents
21,041,877 

341,146 
Total investments at fair value
$
6,031,958,056 

$
96,448,681 
Investment contracts at contract value (see Note 5)
386,072,611 

4,957,092 
Total investments
$
6,418,030,667 

$
101,405,773 


Master Trust Balances as of December 31, 2024
Plan’s interest in Master Trust Balances as of December 31, 2024
Parent Company common stock
$
309,098,578 

$
10,663,075 
Common collective trusts
4,863,355,623 

68,419,811 
Mutual funds
201,558,912 
1,402,935 
Cash equivalents
14,576,829 

261,572 
Total investments at fair value
$
5,388,589,942 

$
80,747,393 
Investment contracts at contract value (see Note 5)
399,239,232 

4,692,599 
Total investments
$
5,787,829,174 

$
85,439,992 
The following table presents the net appreciation in fair values of investments 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 

$
11,623,951 
Interest, dividends and other income
30,659,229 

443,697 
Total investment income
$
857,609,979 

$
12,067,648