Leases (Tables)

6 Months Ended

Jun. 30, 2022

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 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
Operating lease cost	$22	$22	$17	$16
Operating lease cash flows	$8	$8	$4	$4

	For the Six Months Ended June 30,
	Con Edison		CECONY
(Millions of Dollars)	2022	2021	2022	2021
Operating lease cost	$44	$43	$33	$33
Operating lease cash flows	$17	$16	$8	$9

Other information related to leases for Con Edison and CECONY at June 30, 2022 and December 31, 2021 were as follows:

	Con Edison		CECONY
	2022	2021	2022	2021
Weighted Average Remaining Lease Term:
Operating leases	18.4 years	18.5 years	12.8 years	12.1 years
Finance leases	7.2 years	7.1 years	2.8 years	3.1 years
Weighted Average Discount Rate:
Operating leases	4.3%	4.3%	3.7%	3.5%
Finance leases	1.8%	1.8%	1.0%	1.1%

Operating Leases, Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases at June 30, 2022 were as follows:

(Millions of Dollars)	Con Edison		CECONY
Year Ending June 30,	Operating Leases	Finance Leases	Operating Leases	Finance Leases
2023	$86	$—	$63	$—
2024	81	1	62	1
2025	82	—	63	—
2026	82	—	64	—
2027	80	—	63	—
All years thereafter	964	1	476	—
Total future minimum lease payments	$1,375	$2	$791	$1
Less: imputed interest	(474)	—	(173)	—
Total	$901	$2	$618	$1
Reported as of June 30, 2022
Operating lease liabilities (current)	$127	$—	$96	$—
Operating lease liabilities (noncurrent)	774	—	522	—
Other noncurrent liabilities	—	2	—	1
Total	$901	$2	$618	$1

Finance Leases, Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases at June 30, 2022 were as follows:

(Millions of Dollars)	Con Edison		CECONY
Year Ending June 30,	Operating Leases	Finance Leases	Operating Leases	Finance Leases
2023	$86	$—	$63	$—
2024	81	1	62	1
2025	82	—	63	—
2026	82	—	64	—
2027	80	—	63	—
All years thereafter	964	1	476	—
Total future minimum lease payments	$1,375	$2	$791	$1
Less: imputed interest	(474)	—	(173)	—
Total	$901	$2	$618	$1
Reported as of June 30, 2022
Operating lease liabilities (current)	$127	$—	$96	$—
Operating lease liabilities (noncurrent)	774	—	522	—
Other noncurrent liabilities	—	2	—	1
Total	$901	$2	$618	$1