XML 21 R13.htm IDEA: XBRL DOCUMENT v3.26.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
EBP 006  
EBP, Investment, Fair Value and NAV [Line Items]  
Fair Value Hierarchy for Financial Assets
The following table represents the Plan's fair value hierarchy for its financial assets measured at fair value on a recurring basis as of December 31, 2025:
 Fair Value Measurements at December 31, 2025
 TotalQuoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Mutual funds$223,739,629 $223,739,629 $— $— 
Brown-Forman Corporation
  Class B common stock
15,950,837 15,950,837 — — 
Total assets in fair value hierarchy239,690,466 239,690,466 — — 
Investments measured at net
      asset value (a):
Collective trust funds301,419,729 — — — 
Pooled separate accounts66,901,171 — — — 
Investments at fair value$608,011,366 $239,690,466 $— $— 


The following table represents the Plan's fair value hierarchy for its financial assets measured at fair value on a recurring basis as of December 31, 2024:
 Fair Value Measurements at December 31, 2024
 TotalQuoted Prices
in Active
Markets for
Identical Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Mutual funds$365,225,666 $365,225,666 $— $— 
Brown-Forman Corporation
    Class B common stock
32,456,610 32,456,610 — — 
Total assets in fair value hierarchy397,682,276 397,682,276 — — 
Investments measured at net
      asset value (a):
Collective trust funds207,823,970 — — — 
Pooled separate accounts38,226,964 — — — 
Investments at fair value$643,733,210 $397,682,276 $— $— 

(a) In accordance with Financial Accounting Standards Board guidance, investments measured at fair value using NAV as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in these tables are intended to permit reconciliation of the fair value hierarchy to the investments at fair value presented in the statement of net assets available for benefits. This amount represents investments in collective trust funds and pooled separate accounts which each file a Form 5500 as a direct filing entity. As such, significant investment strategies have not been disclosed for these investments.