Leases (Tables)

3 Months Ended

Mar. 31, 2021

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 three months ended March 31, 2021 and 2020 were as follows:

	For the Three Months Ended March 31,
	Con Edison		CECONY
(Millions of Dollars)	2021	2020	2021	2020
Operating lease cost	$22	$21	$17	$16
Operating lease cash flows	$8	$11	$4	$4

Other information related to leases for Con Edison and CECONY at March 31, 2021 and December 31, 2020 were as follows:

	Con Edison		CECONY
	2021	2020	2021	2020
Weighted Average Remaining Lease Term:
Operating leases	18.9 years	19.1 years	12.8 years	13.0 years
Finance leases	7.3 years	7.3 years	3.8 years	4.0 years
Weighted Average Discount Rate:
Operating leases	4.3%	4.3%	3.6%	3.6%
Finance leases	1.8%	1.8%	1.3%	1.3%

Operating Leases, Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases at March 31, 2021 were as follows:

(Millions of Dollars)	Con Edison		CECONY
Year Ending March 31,	Operating Leases	Finance Leases	Operating Leases	Finance Leases
2022	$86	$1	$62	$1
2023	76	1	58	1
2024	74	—	56	—
2025	75	—	57	—
2026	76	—	58	—
All years thereafter	947	1	449	—
Total future minimum lease payments	$1,334	$3	$740	$2
Less: imputed interest	(465)	—	(152)	—
Total	$869	$3	$588	$2
Reported as of March 31, 2021
Operating lease liabilities (current)	$106	$—	$78	$—
Operating lease liabilities (noncurrent)	763	—	510	—
Other current liabilities	—	1	—	1
Other noncurrent liabilities	—	2	—	1
Total	$869	$3	$588	$2

Finance Leases, Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases at March 31, 2021 were as follows:

(Millions of Dollars)	Con Edison		CECONY
Year Ending March 31,	Operating Leases	Finance Leases	Operating Leases	Finance Leases
2022	$86	$1	$62	$1
2023	76	1	58	1
2024	74	—	56	—
2025	75	—	57	—
2026	76	—	58	—
All years thereafter	947	1	449	—
Total future minimum lease payments	$1,334	$3	$740	$2
Less: imputed interest	(465)	—	(152)	—
Total	$869	$3	$588	$2
Reported as of March 31, 2021
Operating lease liabilities (current)	$106	$—	$78	$—
Operating lease liabilities (noncurrent)	763	—	510	—
Other current liabilities	—	1	—	1
Other noncurrent liabilities	—	2	—	1
Total	$869	$3	$588	$2