v3.26.3
Retirement and Postretirement Plans (Tables)
9 Months Ended
Sep. 30, 2026
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):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Service cost

 

$

-

 

 

$

-

 

 

$

1

 

 

$

-

 

Interest cost

 

 

22

 

 

 

20

 

 

 

61

 

 

 

59

 

Expected return on plan assets

 

 

(29

)

 

 

(26

)

 

 

(84

)

 

 

(77

)

Amortization of net gain

 

 

-

 

 

 

(1

)

 

 

-

 

 

 

(4

)

Net periodic benefit credit

 

$

(7

)

 

$

(7

)

 

$

(22

)

 

$

(22

)

Schedule of Expected Pension Benefit Plan Contributions

The following table presents the estimated contribution to and benefit payments from the plan assets (in millions). Actual contributions may differ materially from these estimates.

Estimated Employer Contributions

 

 

 

2026 to participant benefits

 

$

9

 

Estimated Benefit Payments

 

 

 

2026

 

$

29

 

2027

 

 

33

 

2028

 

 

33

 

2029

 

 

32

 

2030

 

 

31

 

2031-2035

 

 

135