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Retirement and Postretirement Plans (Tables)
6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Summary of Components of Net Periodic Benefit Cost (Credit) for Plans

The following tables provide the components of net periodic benefit cost (credit) for Nexstar’s pension benefit plans (in millions):

 

 

Pension Benefit Plans

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Interest cost

 

$

19

 

 

$

19

 

 

$

39

 

 

$

38

 

Expected return on plan assets

 

 

(26

)

 

 

(25

)

 

 

(52

)

 

 

(50

)

Amortization of net gain

 

 

(1

)

 

 

(1

)

 

 

(3

)

 

 

(3

)

Net periodic benefit credit

 

$

(8

)

 

$

(7

)

 

$

(16

)

 

$

(15

)