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Retirement and Postretirement Plans
 9 Months Ended
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.