Other Postretirement Benefits (Tables)

6 Months Ended

Jun. 30, 2022

Retirement Benefits [Abstract]

Total Periodic Benefit Costs

The components of the Companies’ total periodic benefit cost for the three and six months ended June 30, 2022 and 2021 were as follows:

	For the Three Months Ended June 30,
	Con Edison		CECONY
(Millions of Dollars)	2022	2021	2022	2021
Service cost – including administrative expenses	$72	$85	$67	$80
Interest cost on projected benefit obligation	126	118	119	111
Expected return on plan assets	(292)	(274)	(277)	(260)
Recognition of net actuarial loss	94	197	89	187
Recognition of prior service credit	(4)	(4)	(5)	(5)
TOTAL PERIODIC BENEFIT COST/(CREDIT)	$(4)	$122	$(7)	$113
Cost capitalized	(35)	(41)	(33)	(39)
Reconciliation to rate level	66	(54)	62	(52)
Total expense recognized	$27	$27	$22	$22

	For the Six Months Ended June 30,
	Con Edison		CECONY
(Millions of Dollars)	2022	2021	2022	2021
Service cost – including administrative expenses	$144	$171	$135	$160
Interest cost on projected benefit obligation	252	236	237	222
Expected return on plan assets	(585)	(548)	(554)	(520)
Recognition of net actuarial loss	189	393	179	373
Recognition of prior service credit	(8)	(8)	(10)	(10)
TOTAL PERIODIC BENEFIT COST/(CREDIT)	($8)	$244	($13)	$225
Cost capitalized	(68)	(79)	(65)	(75)
Reconciliation to rate level	130	(111)	123	(106)
Total expense recognized	$54	$54	$45	$44

The components of the Companies’ total periodic other postretirement benefit cost/(credit) for the three and six months ended June 30, 2022 and 2021 were as follows:

	For the Three Months Ended June 30,
	Con Edison		CECONY
(Millions of Dollars)	2022	2021	2022	2021
Service cost - including administrative expenses	$4	$7	$3	$5
Interest cost on projected other postretirement benefit obligation	9	8	7	7
Expected return on plan assets	(18)	(17)	(15)	(14)
Recognition of net actuarial loss/(gain)	(6)	6	(3)	5
Recognition of prior service credit	(1)	(1)	—	—
TOTAL PERIODIC OTHER POSTRETIREMENT BENEFIT COST/(CREDIT)	$(12)	$3	$(8)	$3
Cost capitalized	(2)	(3)	(1)	(3)
Reconciliation to rate level	11	—	8	(1)
Total credit recognized	($3)	$—	$(1)	$(1)

	For the Six Months Ended June 30,
	Con Edison		CECONY
(Millions of Dollars)	2022	2021	2022	2021
Service cost - including administrative expenses	$9	$13	$7	$10
Interest cost on projected other postretirement benefit obligation	18	16	15	13
Expected return on plan assets	(36)	(34)	(29)	(27)
Recognition of net actuarial loss/(gain)	(7)	12	(4)	10
Recognition of prior service credit	(1)	(1)	—	(1)
TOTAL PERIODIC OTHER POSTRETIREMENT BENEFIT COST/(CREDIT)	$(17)	$6	$(11)	$5
Cost capitalized	(4)	(6)	(3)	(5)
Reconciliation to rate level	15	—	12	(3)
Total credit recognized	($6)	$—	$(2)	$(3)