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Retirement and Postretirement Plans | 9 Months Ended
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Sep. 30, 2025
Retirement Benefits [Abstract] |
Retirement and Postretirement Plans | Note 9: Retirement and Postretirement Plans Nexstar has various funded, qualified non-contributory defined benefit retirement plans which cover certain employees and former employees. All these retirement plans are frozen in terms of pay and service, except for a plan with immaterial pension benefit obligations. Nexstar also has various other postretirement benefit plans (“OPEB”), including retiree medical savings account plans which reimburse eligible retired employees for certain medical expenses and unfunded plans that provide certain health and life insurance benefits to certain retired employees. The periodic benefit cost (credit) related to OPEB is not significant. 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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Service cost |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1 |
Interest cost |  |  | 20 |  |  |  | 20 |  |  |  | 59 |  |  |  | 58 |
Expected return on plan assets |  |  | (26 | ) |  |  | (25 | ) |  |  | (77 | ) |  |  | (75 | )
Amortization of net gain |  |  | (1 | ) |  |  | (1 | ) |  |  | (4 | ) |  |  | (4 | )
Net periodic benefit credit |  | $ | (7 | ) |  | $ | (6 | ) |  | $ | (22 | ) |  | $ | (20 | )
During the three and nine months ended September 30, 2025, Nexstar contributed $7 million and $15 million, respectively, to the pension benefit plans. Nexstar anticipates nominal contributions during the remainder of 2025.

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