XML 132 R106.htm IDEA: XBRL DOCUMENT v3.24.0.1
Pension Benefits - Schedule of Funded Status (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CHANGE IN PLAN ASSETS      
Fair value of plan assets at beginning of year $ 459    
FAIR VALUE OF PLAN ASSETS AT END OF YEAR 524 $ 459  
Pension Benefits      
CHANGE IN PROJECTED BENEFIT OBLIGATION      
Projected benefit obligation at beginning of year 12,113 17,357 $ 18,965
Service cost – excluding administrative expenses 156 283 337
Interest cost on projected benefit obligation 649 505 471
Net actuarial loss/(gain) 599 (5,102) (1,547)
Plan amendments 3 0 0
Benefits paid (808) (930) (869)
PROJECTED BENEFIT OBLIGATION AT END OF YEAR 12,712 12,113 17,357
CHANGE IN PLAN ASSETS      
Fair value of plan assets at beginning of year 14,979 18,504 17,022
Actual return on plan assets 1,261 (2,583) 1,935
Employer contributions 21 30 469
Benefits paid (808) (930) (869)
Administrative expenses (49) (42) (53)
FAIR VALUE OF PLAN ASSETS AT END OF YEAR 15,404 14,979 18,504
FUNDED STATUS 2,692 2,866 1,147
Unrecognized net loss/(gain) (757) (1,485) 205
Unrecognized prior service credits (105) (124) (140)
Accumulated benefit obligation 11,739 11,167 15,469
CECONY      
CHANGE IN PLAN ASSETS      
Fair value of plan assets at beginning of year 439    
FAIR VALUE OF PLAN ASSETS AT END OF YEAR 502 439  
CECONY | Pension Benefits      
CHANGE IN PROJECTED BENEFIT OBLIGATION      
Projected benefit obligation at beginning of year 11,395 16,341 17,821
Service cost – excluding administrative expenses 146 266 317
Interest cost on projected benefit obligation 611 475 443
Net actuarial loss/(gain) 572 (4,845) (1,441)
Plan amendments 0 0 0
Benefits paid (747) (842) (799)
PROJECTED BENEFIT OBLIGATION AT END OF YEAR 11,977 11,395 16,341
CHANGE IN PLAN ASSETS      
Fair value of plan assets at beginning of year 14,248 17,566 16,147
Actual return on plan assets 1,201 (2,453) 1,838
Employer contributions 18 17 432
Benefits paid (747) (842) (799)
Administrative expenses (46) (40) (52)
FAIR VALUE OF PLAN ASSETS AT END OF YEAR 14,674 14,248 17,566
FUNDED STATUS 2,697 2,853 1,225
Unrecognized net loss/(gain) (705) (1,397) 207
Unrecognized prior service credits (124) (143) (163)
Accumulated benefit obligation $ 11,031 $ 10,478 $ 14,504