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Leases (Tables)
 12 Months Ended
Dec. 31, 2023
Leases [Abstract]  
Lease Costs, Cash Flows and Other Related Information
Operating lease cost and cash paid for amounts included in the measurement of lease liabilities for the years ended December 31, 2023, 2022, and 2021 were as follows:

Con Edison (a)CECONY
(Millions of Dollars)202320222021202320222021
Operating lease cost$70 $88 $86 $66 $67 $66 
Operating lease cash flows$68 $83 $80 $65 $64 $63 
(a)Amounts for Con Edison include amounts for the Clean Energy Businesses through February 2023. On March 1, 2023, Con Edison completed the sale of all of the stock of the Clean Energy Businesses. See Note W and Note X.
Other information related to leases for Con Edison and CECONY at December 31, 2023 and 2022 was as follows:
Con EdisonCECONY
2023202220232022
Weighted Average Remaining Lease Term:
Operating leases, (a) (b)11.4 years12.3 years11.4 years12.4 years
Finance leases6.6 years7.2 years2.7 years2.3 years
Weighted Average Discount Rate:
Operating leases, (a) (b)3.7%3.7%3.7%3.7%
Finance leases3.0%1.9%3.1%1.0%
(a)Amounts for Con Edison in 2022 exclude operating leases of the Clean Energy Businesses, inclusive of Broken Bow II, that were classified as held for sale as of December 31, 2022. Including the operating leases of the Clean Energy Businesses would result in a weighted average remaining lease term of 18.3 years and a weighted average discount rate of 4.4 percent as of December 31, 2022. On March 1, 2023, Con Edison completed the sale of all of the stock of the Clean Energy Businesses. See Note W and Note X.
(b)Amounts for Con Edison in 2023 exclude the operating lease of Broken Bow II, that was classified as held for sale as of December 31, 2023. Including the operating lease of Broken Bow II would result in a weighted average remaining lease term of 11.6 years and a weighted average discount rate of 3.8 percent as of December 31, 2023. See Note W and Note X.
Operating Leases, Future Minimum Lease Payments
Future minimum lease payments under non-cancellable leases at December 31, 2023 were as follows:
(Millions of Dollars)Con EdisonCECONY
Year Ending December 31, (b)Operating LeasesFinance LeasesOperating LeasesFinance Leases
2024$67$1$66$1
202566—66—
202666—66—
202765—65—
202860—60—
All years thereafter3651365—
Total future minimum lease payments$689$2$688$1
Less: imputed interest(144)—(143)—
Total$545$2$545$1
Reported as of December 31, 2023
Operating lease liabilities (current) (a)$116$—$116$—
Operating lease liabilities held for sale (current)2———
Operating lease liabilities (noncurrent) (a)429—429—
Operating lease liabilities held for sale (noncurrent)5———
Other current liabilities—1—1
Other noncurrent liabilities—1——
Total$552$2$545$1
(a)Amounts exclude operating lease liabilities of Broken Bow II ($7 million) that are classified as current and noncurrent liabilities held for sale on Con Edison's consolidated balance sheet as of December 31, 2023. See Note X.
(b)Amounts exclude operating lease future minimum lease payments of Broken Bow II, of $3 million in total for years ended December 31, 2024 through 2028, and $10 million for all years thereafter, and imputed interest of $6 million.
Finance Leases, Future Minimum Lease Payments
Future minimum lease payments under non-cancellable leases at December 31, 2023 were as follows:
(Millions of Dollars)Con EdisonCECONY
Year Ending December 31, (b)Operating LeasesFinance LeasesOperating LeasesFinance Leases
2024$67$1$66$1
202566—66—
202666—66—
202765—65—
202860—60—
All years thereafter3651365—
Total future minimum lease payments$689$2$688$1
Less: imputed interest(144)—(143)—
Total$545$2$545$1
Reported as of December 31, 2023
Operating lease liabilities (current) (a)$116$—$116$—
Operating lease liabilities held for sale (current)2———
Operating lease liabilities (noncurrent) (a)429—429—
Operating lease liabilities held for sale (noncurrent)5———
Other current liabilities—1—1
Other noncurrent liabilities—1——
Total$552$2$545$1
(a)Amounts exclude operating lease liabilities of Broken Bow II ($7 million) that are classified as current and noncurrent liabilities held for sale on Con Edison's consolidated balance sheet as of December 31, 2023. See Note X.
(b)Amounts exclude operating lease future minimum lease payments of Broken Bow II, of $3 million in total for years ended December 31, 2024 through 2028, and $10 million for all years thereafter, and imputed interest of $6 million.