XML 63 R42.htm IDEA: XBRL DOCUMENT v3.25.4
Retirement Benefits (Tables)
 12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Benefit Obligations and Fair Value of Plan Assets
The benefit obligations and fair value of plan assets for the qualified pension plans as of December 31, 2025 and 2024 were as follows:
 20252024
Benefit obligation
$(1,195)$(1,225)
Fair value of plan assets
1,816 1,764 
Over (under) funded status
$621 $539 
Schedule of Significant Weighted-Average Actuarial Assumptions
The following table represents the significant weighted-average actuarial assumptions for the qualified pension plans:
Net periodic benefit cost
202520242023
Discount rate5.47 %4.91 %5.18 %
Expected rate of return on plan assets5.63 %6.47 %6.58 %
Interest crediting rate4.50 %4.50 %4.25 %
Benefit obligation
202520242023
Discount rate5.24 %5.47 %4.91 %
Interest crediting rate4.50 %4.50 %4.50 %
Schedule of Fair Value of Pension Plan Assets
The fair values of our qualified pension plan assets by category at December 31, 2025 and 2024 were as follows:
20252024
Cash and cash equivalents
$32 $36 
Fixed maturity securities
704 620 
Equity securities
269 378 
Mutual funds48 44 
Insurance company contracts
142 143 
Collective investment trusts484 413 
Commingled fund86 69 
Partnerships
51 61 
Total fair value of plan assets
$1,816 $1,764