Investment And Other Income, Net

3 Months Ended

Mar. 31, 2025

Investment And Other Income, Net [Abstract]

Investment and Other Income, Net

(11) Investment and Other Income, Net:

The components of investment and other income, net are as follows:

	For the three months ended ‎March 31,
($ in millions)	2025		2024
Interest and dividend income	$	9	$	18
Pension benefit		6		12
OPEB costs		(1)		(1)
OPEB remeasurement gain (loss)		(8)		9
Pension remeasurement gain		44		74
All other, net		(1)		-
Total investment and other income, net	$	49	$	112

Investment and other income, net decreased by $63 million for the three months ended March 31, 2025, compared to the three months ended March 31, 2024. This decrease was primarily attributable to a $9 million reduction in interest and dividend income, which reflected lower average cash and short-term investment balances during the current quarter. Additionally, as a result of special termination benefit enhancements related to a voluntary separation plan, Frontier remeasured its pension plan and postretirement benefit plan obligations, resulting in a post-retirement remeasurement loss of $8 million, compared to a gain of $9 million in the prior-year quarter. These decreases were partially offset by a pension remeasurement gain of $44 million, which was lower than the $74 million gain recognized in the prior year quarter.

Pension and OPEB benefit (cost) consists of interest costs, expected return on plan assets, amortization of prior service (costs) and recognition of actuarial (gain) loss. Service cost components of pension and OPEB benefit costs are included in “Selling, general, and administrative expenses” on our consolidated statements of operations.