Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

The following table sets forth certain information regarding the Retirement Plan as of the dates indicated:


	December 31,
	2025		2024
Change in Projected Benefit Obligation:
Projected benefit obligation at beginning of year	$	106	$	115
Interest cost	5		5
Actuarial (gain) loss	1		(6)
Annuity payments	(6)		(7)
Settlements	(2)		(1)
Projected benefit obligation at end of year	$	104	$	106
Change in Plan Assets:
Fair value of assets at beginning of year	$	246	$	253
Actual return on plan assets	34		—
Annuity payments	(6)		(6)
Settlements	(2)		(1)
Fair value of assets at end of year	$	272	$	246
Funded status (included in Other assets)	$	168	$	140
Changes recognized in other comprehensive income (loss) for the year ended December 31:
Amortization of actuarial loss	$	(3)	$	(3)
Net actuarial (gain) loss arising during the year	(17)		10
Total recognized in other comprehensive income (loss) for the year (pre-tax)	$	(20)	$	7
Accumulated other comprehensive loss (pre-tax) not yet recognized in net periodic benefit cost at December 31:
Actuarial loss, net	$	29	$	49
Total accumulated other comprehensive loss (pre-tax)	$	29	$	49

Schedule of Net Benefit Costs

The components of net periodic pension expense (income) were as follows for the years indicated:


	Years Ended December 31,
	2025		2024		2023
Components of net periodic pension (income):
Interest cost	$	5	$	5	$	5
Expected return on plan assets	(16)		(17)		(14)
Amortization of net actuarial loss	3		3		7
Net periodic pension (income)	$	(8)	$	(9)	$	(2)

Schedule of Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets

The following table indicates the weighted average assumptions used in determining the net periodic benefit cost for the years indicated:


	Years Ended December 31,
	2025		2024		2023
Discount rate	5.38	%	4.73	%	4.92	%
Expected rate of return on plan assets	6.75		6.75		6.25

Schedule of Allocation of Plan Assets

The asset allocation guidelines in the table below reflect the plan sponsor’s risk tolerance and long-term objectives for the Plan:


Asset Allocation Parameters by Asset Class
Equity	Minimum	Target	Maximum
U.S. Large-Cap		27%
U.S. Mid/Small-Cap		14%
Non-U.S.		14%
Total - Equity	45%	55%	65%

Fixed Income
Long/Intermediate Duration		43%
Money Market/Cash Equivalents		2%
Total - Fixed Income/Cash Equivalents	35%	45%	55%

The following tables present information about the fair value measurements of the investments held by the Retirement Plan as of December 31, 2025 and as of December 31, 2024:


	December 31, 2025
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Equity:
Large-cap value	$	14	$	14	$	—	$	—
Large-cap core	19		19		—		—
Mid-cap core	18		18		—		—
Small-cap core	19		19		—		—
International growth	26		26		—		—
International value	13		13		—		—
Large-cap growth	27		27		—		—

Mutual Funds Fixed Income - Intermediate - Core Plus	110		110		—		—



Common Stock	12		12		—		—
Common/Collective Trust-Equity Large cap value	14		—		14


	$	272	$	258	$	14	$	—


	December 31, 2024
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Equity:
Large-cap value	$	14	$	14	$	—	$	—
Large-cap core	21		21		—		—
Mid-cap core	17		17		—		—
Small-cap core	17		17		—		—
International growth	18		18		—		—
International value	12		12		—		—
Large-cap growth	28		28		—		—

Mutual Funds Fixed Income - Intermediate - Core Plus	96		96		—		—



Common Stock	9		9		—		—
Common/Collective Trust-Equity Large cap value	14		—		14		—


	$	246	$	232	$	14	$	—

Schedule of Defined Benefit Plan, Plan Assets, Allocation

The asset allocations for the Retirement Plan were as follows:


	December 31,
	2025		2024
Equity securities	60	%	61	%
Debt securities	40	%	39	%

Total	100	%	100	%

Schedule of Expected Benefit Payments

The following annuity payments, which reflect expected future service, as appropriate, are expected to be paid by the Retirement Plan during the years indicated:



2026	$	9
2027	8
2028	8
2029	8
2030	8
2031 and thereafter	41
Total	$	82