XML 200 R83.htm IDEA: XBRL DOCUMENT v3.24.0.1
Stock-Based Incentive Compensation Plans and Employee Benefit Plans - Pension and Postretirement Benefits (Details)
$ in Millions
1 Months Ended 12 Months Ended
Dec. 31, 2022
USD ($)
beneficiary
Dec. 31, 2023
USD ($)
defined_benefit_plan
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Defined Benefit Plan Disclosure [Line Items]        
Defined Benefit Plan, Number Of Additional Plans | defined_benefit_plan   3    
Components of net periodic costs [Abstract]        
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Other income (expense), net Other income (expense), net Other income (expense), net
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]   Other income (expense), net Other income (expense), net Other income (expense), net
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Other income (expense), net Other income (expense), net Other income (expense), net
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]   Other income (expense), net Other income (expense), net Other income (expense), net
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]   Other income (expense), net Other income (expense), net Other income (expense), net
Amounts Recognized in Balance Sheets        
Other liabilities — benefit obligations $ (547) $ (572) $ (547)  
Discount rate period   99 years    
Annuity purchase   $ 136    
Changes in plan assets and benefit obligations recognized in other comprehensive income        
Amortization of net loss   (1) (8)  
Amortization of prior service cost   (1) 1  
Settlement   $ 0 (67)  
Defined Benefit Plan, Funded Plan, Closed        
Defined Benefit Plan Disclosure [Line Items]        
Defined Benefit Plan, Number Of Additional Plans | defined_benefit_plan   2    
Defined Benefit Plan, Funded Plan, Frozen        
Defined Benefit Plan Disclosure [Line Items]        
Defined Benefit Plan, Number Of Additional Plans | defined_benefit_plan   1    
Pension Plan        
Components of net periodic costs [Abstract]        
Service cost   $ 25 29  
Interest cost   76 73 $ 59
Expected return on plan assets   (76) (87) (103)
Amortization of net loss   28 31 36
Settlement cost   0 126 38
Net periodic cost (credit)   $ 53 $ 172 69
Assumptions used to determine net periodic benefit (income) cost        
Expected return on plan assets (as a percent)   6.50% 6.50%  
Change in benefit obligation [Roll Forward]        
Benefit obligation, beginning of year   $ 1,553 $ 2,298  
Service cost   25 29  
Interest cost   76 73 59
Benefits paid   (147) (509)  
Actuarial (gain) loss   41 (338)  
Plan amendment   0 0  
Benefit obligation, end of year 1,553 1,548 1,553 2,298
Change in plan assets [Rollforward]        
Fair value of plan assets, beginning of year   1,212 2,072  
Employer contributions   32 35  
Benefits paid   (147) (509)  
Actual investment return   107 (386)  
Fair value of plan assets, end of year 1,212 1,204 1,212 $ 2,072
Funded status, end of year (341) (344) (341)  
Amounts Recognized in Balance Sheets        
Non-current assets 0 4 0  
Current liabilities — other (7) (7) (7)  
Other liabilities — benefit obligations (334) (341) (334)  
Net liability, end of year $ (341) $ (344) $ (341)  
Discount rate (as a percent) 5.15% 4.95% 5.15%  
Rate of increase in compensation levels (as a percent) 4.99% 4.97% 4.99%  
Interest crediting rate (as a percent) 3.00% 3.00% 3.00%  
Pension benefits that have accumulated benefit obligations in excess of plan assets        
Accumulated benefit obligation for all defined benefit pension plans $ 1,548 $ 1,544 $ 1,548  
Amounts recognized in accumulated other comprehensive loss        
Unrecognized actuarial loss (gain) 70 69 70  
Unrecognized prior service cost 0 0 0  
Net amount recognized in accumulated other comprehensive loss (gain) 70 69 70  
Changes in plan assets and benefit obligations recognized in other comprehensive income        
Net loss (gain)   2    
Amortization of net loss   (3)    
Amortization of prior service cost   0    
Settlement   0    
Total recognized in comprehensive income   (1)    
Total expense recognized in net periodic cost and other comprehensive income   52    
Pension Plan | Qualified Plan        
Change in plan assets [Rollforward]        
Employer contributions   24    
Pension benefits that have accumulated benefit obligations in excess of plan assets        
Accumulated benefit obligation 1,497 1,496 1,497  
Projected benefit obligation 1,502 1,500 1,502  
Fair value of plan assets 1,212 1,204 1,212  
Pension Plan | Nonqualified Plan        
Change in plan assets [Rollforward]        
Employer contributions   8    
Pension benefits that have accumulated benefit obligations in excess of plan assets        
Accumulated benefit obligation 51 48 51  
Projected benefit obligation 51 48 51  
Fair value of plan assets 0 $ 0 $ 0  
Pension Plan | CenterPoint Energy        
Defined Benefit Plan Disclosure [Line Items]        
Decrease in benefit obligation from transfer 138      
Decrease in plan assets $ 136      
Change in benefit obligation (as a percent) 9.40%      
Number of beneficiaries | beneficiary 1,119      
Assumptions used to determine net periodic benefit (income) cost        
Discount rate (as a percent)   5.15% 2.80% 2.45%
Expected return on plan assets (as a percent)   6.50% 5.00% 5.00%
Rate of increase in compensation levels (as a percent)   4.99% 4.95% 5.05%
Pension benefits that have accumulated benefit obligations in excess of plan assets        
Settlement charge $ 47      
Other Postretirement Benefits Plan        
Components of net periodic costs [Abstract]        
Service cost   $ 1 $ 2 $ 2
Interest cost   13 9 9
Expected return on plan assets   (5) (5) (4)
Amortization of prior service cost   (2) (3) (4)
Amortization of net loss   8 4 0
Net periodic cost (credit)   $ (1) $ (1) $ 3
Assumptions used to determine net periodic benefit (income) cost        
Discount rate (as a percent)   5.15% 2.85% 2.50%
Expected return on plan assets (as a percent)   5.13% 3.22% 3.20%
Change in benefit obligation [Roll Forward]        
Benefit obligation, beginning of year   $ 263 $ 336  
Service cost   1 2 $ 2
Interest cost   13 9 9
Participant contributions   6 6  
Benefits paid   (20) (20)  
Actuarial (gain) loss   0 (73)  
Plan amendment   0 3  
Benefit obligation, end of year 263 263 263 336
Change in plan assets [Rollforward]        
Fair value of plan assets, beginning of year   109 132  
Employer contributions   7 8  
Participant contributions   6 6  
Benefits paid   (20) (20)  
Actual investment return   10 (17)  
Fair value of plan assets, end of year 109 112 109 132
Funded status, end of year (154) (151) (154)  
Amounts Recognized in Balance Sheets        
Current liabilities — other (7) (7) (7)  
Other liabilities — benefit obligations (147) (144) (147)  
Net liability, end of year $ (154) $ (151) $ (154)  
Discount rate (as a percent) 5.15% 4.95% 5.15%  
Expected return on plan assets (as a percent)   5.13% 3.66%  
Pension benefits that have accumulated benefit obligations in excess of plan assets        
Prescription drug cost trend rate assumed for the next year - Pre-65   9.00% 8.00%  
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 4.50% 4.50% 4.50%  
Amounts recognized in accumulated other comprehensive loss        
Unrecognized actuarial loss (gain) $ (36) $ (34) $ (36)  
Unrecognized prior service cost 13 12 13  
Net amount recognized in accumulated other comprehensive loss (gain) $ (23) (22) $ (23)  
Changes in plan assets and benefit obligations recognized in other comprehensive income        
Net loss (gain)   0    
Amortization of net loss   2    
Amortization of prior service cost   (1)    
Settlement   0    
Total recognized in comprehensive income   1    
Total expense recognized in net periodic cost and other comprehensive income   $ 0    
Minimum | Other Postretirement Benefits Plan        
Pension benefits that have accumulated benefit obligations in excess of plan assets        
Health care cost trend rate assumed for the next year 6.50% 7.25% 6.50%  
Maximum | Other Postretirement Benefits Plan        
Pension benefits that have accumulated benefit obligations in excess of plan assets        
Health care cost trend rate assumed for the next year 23.66% 22.76% 23.66%  
Houston Electric        
Amounts Recognized in Balance Sheets        
Other liabilities — benefit obligations $ (38) $ (32) $ (38)  
Houston Electric | Pension Plan | Qualified Plan        
Change in plan assets [Rollforward]        
Employer contributions   0    
Houston Electric | Pension Plan | Nonqualified Plan        
Change in plan assets [Rollforward]        
Employer contributions   0    
Houston Electric | Other Postretirement Benefits Plan        
Components of net periodic costs [Abstract]        
Service cost   0 0 0
Interest cost   5 4 4
Expected return on plan assets   (4) (4) (3)
Amortization of prior service cost   (5) (4) (5)
Amortization of net loss   4 2 0
Net periodic cost (credit)   $ (8) $ (6) $ (4)
Assumptions used to determine net periodic benefit (income) cost        
Discount rate (as a percent)   5.15% 2.85% 2.50%
Expected return on plan assets (as a percent)   5.26% 3.32% 3.30%
Change in benefit obligation [Roll Forward]        
Benefit obligation, beginning of year   $ 115 $ 148  
Service cost   0 0 $ 0
Interest cost   5 4 4
Participant contributions   2 2  
Benefits paid   (8) (7)  
Actuarial (gain) loss   (1) (32)  
Plan amendment   0 0  
Benefit obligation, end of year 115 113 115 148
Change in plan assets [Rollforward]        
Fair value of plan assets, beginning of year   84 104  
Employer contributions   0 1  
Participant contributions   2 2  
Benefits paid   (8) (7)  
Actual investment return   8 (16)  
Fair value of plan assets, end of year 84 86 84 104
Funded status, end of year (31) (27) (31)  
Amounts Recognized in Balance Sheets        
Current liabilities — other 0 0 0  
Other liabilities — benefit obligations (31) (27) (31)  
Net liability, end of year $ (31) $ (27) $ (31)  
Discount rate (as a percent) 5.15% 4.95% 5.15%  
Expected return on plan assets (as a percent)   5.26% 3.75%  
Pension benefits that have accumulated benefit obligations in excess of plan assets        
Prescription drug cost trend rate assumed for the next year - Pre-65   9.00% 8.00%  
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 4.50% 4.50% 4.50%  
Houston Electric | Minimum | Other Postretirement Benefits Plan        
Pension benefits that have accumulated benefit obligations in excess of plan assets        
Health care cost trend rate assumed for the next year 6.50% 7.25% 6.50%  
Houston Electric | Maximum | Other Postretirement Benefits Plan        
Pension benefits that have accumulated benefit obligations in excess of plan assets        
Health care cost trend rate assumed for the next year 23.66% 22.76% 23.66%  
CERC Corp        
Amounts Recognized in Balance Sheets        
Other liabilities — benefit obligations $ (76) $ (74) $ (76)  
Changes in plan assets and benefit obligations recognized in other comprehensive income        
Amortization of net loss   (2) (1)  
Amortization of prior service cost   2 1  
Settlement   0 0  
CERC Corp | Pension Plan | Qualified Plan        
Change in plan assets [Rollforward]        
Employer contributions   0    
CERC Corp | Pension Plan | Nonqualified Plan        
Change in plan assets [Rollforward]        
Employer contributions   0    
CERC Corp | Other Postretirement Benefits Plan        
Components of net periodic costs [Abstract]        
Service cost   1 1 1
Interest cost   5 3 3
Expected return on plan assets   (1) (1) (1)
Amortization of prior service cost   2 2 1
Amortization of net loss   3 1 0
Net periodic cost (credit)   $ 4 $ 4 $ 4
Assumptions used to determine net periodic benefit (income) cost        
Discount rate (as a percent)   5.15% 2.85% 2.50%
Expected return on plan assets (as a percent)   4.69% 2.86% 2.85%
Change in benefit obligation [Roll Forward]        
Benefit obligation, beginning of year   $ 92 $ 118  
Service cost   1 1 $ 1
Interest cost   5 3 3
Participant contributions   3 3  
Benefits paid   (8) (8)  
Actuarial (gain) loss   0 (27)  
Plan amendment   0 2  
Benefit obligation, end of year 92 93 92 118
Change in plan assets [Rollforward]        
Fair value of plan assets, beginning of year   25 29  
Employer contributions   4 4  
Participant contributions   3 3  
Benefits paid   (8) (8)  
Actual investment return   2 (3)  
Fair value of plan assets, end of year 25 26 25 29
Funded status, end of year (67) (67) (67)  
Amounts Recognized in Balance Sheets        
Current liabilities — other (4) (4) (4)  
Other liabilities — benefit obligations (64) (63) (64)  
Net liability, end of year $ (68) $ (67) $ (68)  
Discount rate (as a percent) 5.15% 4.95% 5.15%  
Expected return on plan assets (as a percent)   4.69% 3.35%  
Pension benefits that have accumulated benefit obligations in excess of plan assets        
Prescription drug cost trend rate assumed for the next year - Pre-65   9.00% 8.00%  
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) 4.50% 4.50% 4.50%  
Amounts recognized in accumulated other comprehensive loss        
Unrecognized actuarial loss (gain) $ (28) $ (27) $ (28)  
Unrecognized prior service cost 11 10 11  
Net amount recognized in accumulated other comprehensive loss (gain) $ (17) (17) $ (17)  
Changes in plan assets and benefit obligations recognized in other comprehensive income        
Net loss (gain)   1    
Amortization of net loss   (2)    
Amortization of prior service cost   1    
Settlement   0    
Total recognized in comprehensive income   0    
Total expense recognized in net periodic cost and other comprehensive income   $ 4    
CERC Corp | Minimum | Other Postretirement Benefits Plan        
Pension benefits that have accumulated benefit obligations in excess of plan assets        
Health care cost trend rate assumed for the next year 6.50% 7.25% 6.50%  
CERC Corp | Maximum | Other Postretirement Benefits Plan        
Pension benefits that have accumulated benefit obligations in excess of plan assets        
Health care cost trend rate assumed for the next year 23.66% 22.76% 23.66%  
Operation And Maintenance Expense | Pension Plan        
Components of net periodic costs [Abstract]        
Service cost   $ 25 $ 29 39
Change in benefit obligation [Roll Forward]        
Service cost   $ 25 $ 29 $ 39