Retirement Benefits (Tables)

3 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Components Of Net Periodic Benefit Cost

The following table presents the components of the net periodic benefit cost (income) incurred for Ameren’s pension and postretirement benefit plans for the three months ended March 31, 2024 and 2023:

	Pension Benefits				Postretirement Benefits
	Three Months				Three Months
	2024		2023		2024		2023
Service cost(a)	$	21	$	23	$	3	$	3
Non-service cost components:
Interest cost	55		55		11		11
Expected return on plan assets(b)	(82)		(83)		(23)		(23)
Amortization of(b):
Prior service benefit	—		—		(1)		(1)
Actuarial (gain)	(17)		(29)		(10)		(11)
Total non-service cost components(c)	$	(44)	$	(57)	$	(23)	$	(24)
Net periodic benefit income(d)	$	(23)	$	(34)	$	(20)	$	(21)

(a)Service cost, net of capitalization, is reflected in “Operating Expenses – Other operations and maintenance” on Ameren’s statement of income.

(b)Prior service benefit is amortized on a straight-line basis over the average future service of active participants benefiting under a plan amendment. Net actuarial gains or losses related to the net benefit obligation subject to amortization are amortized on a straight-line basis over 10 years. The difference between the actual and expected return on plan assets is amortized over 4 years.

(c)Non-service cost components are reflected in “Other Income, Net” on Ameren’s consolidated statement of income. See Note 5 – Other Income, Net for additional information.

(d)Does not include the impact of the tracker for the difference between the level of pension and postretirement benefit costs (income) incurred by Ameren Missouri under GAAP and the level of such costs included in rates.

Summary Of Benefit Plan Costs Incurred

Ameren Missouri and Ameren Illinois are responsible for their respective share of Ameren’s pension and other postretirement costs. The following table presents the respective share of net periodic pension and other postretirement benefit costs (income) incurred for the three months ended March 31, 2024 and 2023:

	Pension Benefits				Postretirement Benefits
	Three Months				Three Months
	2024		2023		2024		2023
Ameren Missouri(a)	$	(12)	$	(18)	$	(7)	$	(8)
Ameren Illinois	(9)		(14)		(13)		(13)
Other	(2)		(2)		—		—
Ameren(a)	$	(23)	$	(34)	$	(20)	$	(21)

(a)Does not include the impact of the tracker for the difference between the level of pension and postretirement benefit costs (income) incurred by Ameren Missouri under GAAP and the level of such costs included in rates.