Capitalization

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Capitalization

Capitalization

The carrying amounts and fair values of long-term debt at March 31, 2022 and December 31, 2021 were:

(Millions of Dollars)	2022		2021
Long-Term Debt (including current portion) (a)	Carrying Amount	Fair Value	Carrying Amount	Fair Value
Con Edison	$23,022	$23,812	$23,044	$26,287
CECONY	$18,384	$19,175	$18,382	$21,382

(a)Amounts shown are net of unamortized debt expense and unamortized debt discount of $223 million and $191 million for Con Edison and CECONY, respectively, as of March 31, 2022 and $226 million and $193 million for Con Edison and CECONY, respectively, as of December 31, 2021.

The fair values of the Companies' long-term debt have been estimated primarily using available market information and at March 31, 2022 are classified as Level 2 liabilities (see Note O).