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Other Postretirement Benefits
 3 Months Ended
Mar. 31, 2022
Retirement Benefits [Abstract]  
Other Postretirement Benefits Other Postretirement Benefits
Total Periodic Benefit Cost
The components of the Companies’ total periodic other postretirement benefit cost/(credit) for the three months ended March 31, 2022 and 2021 were as follows:
 
For the Three Months Ended March 31,
  
          Con Edison          CECONY
(Millions of Dollars)2022202120222021
Service cost - including administrative expenses$5$7$4$5
Interest cost on projected other postretirement benefit obligation9887
Expected return on plan assets(18)(17)(14)(14)
Recognition of net actuarial loss(1)6(1)5
Recognition of prior service credit— (1)— — 
TOTAL PERIODIC OTHER POSTRETIREMENT BENEFIT COST$(5)$3 $(3)$3
Cost capitalized(2)(3)(2)(2)
Reconciliation to rate level4— 4(2)
Total credit recognized($3)$— $(1)$(1)
For information about the presentation of the components of other postretirement benefit costs, see Note E. The "Pensions and retiree benefits" noncurrent asset and noncurrent liability on the Companies' consolidated balance sheets as of March 31, 2022 reflect the December 31, 2021 funded status and final census data, and current year activity. The other postretirement benefit plans valuation for 2022 is expected to be finalized in the second quarter of 2022.

Expected Contributions
Based on estimates as of March 31, 2022, the Companies expect to make a contribution of $8 million (all of which is to be made by CECONY) to the other postretirement benefit plans in 2022. The Companies' policy is to fund the total periodic benefit cost of the plans to the extent tax deductible.