Leases (Tables)

3 Months Ended

Mar. 31, 2020

Lease Costs, Cash Flows and Other Related Information

Other information related to leases for Con Edison and CECONY at March 31, 2020 and December 31, 2019 were as follows:



	Con Edison		CECONY
	2020	2019	2020	2019
Weighted Average Remaining Lease Term:
Operating leases	19.5 years	19.8 years	13.8 years	14.0 years
Finance leases	13.1 years	12.2 years	2.5 years	2.4 years
Weighted Average Discount Rate:
Operating leases	4.3%	4.3%	3.6%	3.6%
Finance leases	3.2%	3.5%	3.5%	4.1%

Operating lease cost and cash paid for amounts included in the measurement of lease liabilities for the three months ended March 31, 2020 and 2019 were as follows:



	Con Edison				CECONY
(Millions of Dollars)	2020		2019		2020		2019
Operating lease cost		$21		$21		$16		$16
Operating lease cash flows		$11		$8		$4		$4

Operating Leases, Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases at March 31, 2020 were as follows:



(Millions of Dollars)	Con Edison			CECONY
Year Ending March 31,	Operating Leases	Finance Leases		Operating Leases	Finance Leases
2021	$77		$—	$59		$—
2022	74	—		56	—
2023	72	—		54	—
2024	72	—		54	—
2025	72	—		55	—
All years thereafter	983	1		499	—
Total future minimum lease payments	$1,350	$1		$777		$—
Less: imputed interest	(474)	—		(170)	—
Total	$876	$1		$607		$—
Reported as of March 31, 2020
Operating lease liabilities (current)	$77		$—	$59		$—
Operating lease liabilities (noncurrent)	799	—		548	—
Other noncurrent liabilities	—	1		—	—
Total	$876	$1		$607		$—

Finance Leases, Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases at March 31, 2020 were as follows:



(Millions of Dollars)	Con Edison			CECONY
Year Ending March 31,	Operating Leases	Finance Leases		Operating Leases	Finance Leases
2021	$77		$—	$59		$—
2022	74	—		56	—
2023	72	—		54	—
2024	72	—		54	—
2025	72	—		55	—
All years thereafter	983	1		499	—
Total future minimum lease payments	$1,350	$1		$777		$—
Less: imputed interest	(474)	—		(170)	—
Total	$876	$1		$607		$—
Reported as of March 31, 2020
Operating lease liabilities (current)	$77		$—	$59		$—
Operating lease liabilities (noncurrent)	799	—		548	—
Other noncurrent liabilities	—	1		—	—
Total	$876	$1		$607		$—