Retirement plans

3 Months Ended

Mar. 31, 2025

Retirement Benefits [Abstract]

Retirement plans

NOTE 5 – Retirement plans

We have various defined benefit retirement plans. Our principal defined benefit pension plan is the TEGNA Retirement Plan (TRP). The total net pension obligations, including both current and non-current liabilities, as of March 31, 2025, were $72.0 million, of which $9.7 million is recorded as a current obligation within accrued liabilities on the Condensed Consolidated Balance Sheets.

Pension costs (income), which primarily include costs for the qualified TRP and the non-qualified TEGNA Supplemental Retirement Plan (SERP), are presented in the following table (in thousands):

	Quarter ended Mar. 31,
	2025			2024
Interest cost on benefit obligation	$	5,425		$	5,675
Expected return on plan assets		(4,425	)		(5,500	)
Amortization of prior service (credit) cost		(50	)		25
Amortization of actuarial loss		1,425			1,475
Expense for company-sponsored retirement plans	$	2,375		$	1,675

Benefits no longer accrue for TRP and SERP participants as a result of amendments to the plans in past years, and as such we no longer incur a service cost component of pension expense. All other components of our pension expense presented above are included within the “Other non-operating items, net” line item of the Consolidated Statements of Income.

During the three months ended March 31, 2025 and 2024 we did not make any cash contributions to the TRP. We made benefit payments to participants of the SERP of $0.9 million during each of the three-month periods ended March 31, 2025 and 2024. We do not expect to make any contributions to the TRP in 2025. We expect to make additional cash payments of $5.0 million to our SERP participants during the remainder of 2025.