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Retirement and Postretirement Plans (Tables)
9 Months Ended
Sep. 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 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

)