XML 72 R55.htm IDEA: XBRL DOCUMENT v3.22.0.1
Benefit Plans and Other Postretirement Benefits, Pension Plan Benefit Obligations, Cash Flows and Benefit Costs (Details)
12 Months Ended
Dec. 31, 2021
USD ($)
Plan
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Defined Benefit Plan Disclosure [Line Items]      
Operating and maintenance expenses $ 271,000,000 $ 275,000,000 $ 285,000,000
Funded Status of Plans at Dec. 31 [Abstract]      
Liability, Defined Benefit Plan, Noncurrent (8,000,000) (42,000,000)  
Significant Assumptions Used to Measure Costs [Abstract]      
annual interest crediting rates 2.35 2.37 3.12
Pension Plan [Member]      
Defined Benefit Plan Disclosure [Line Items]      
Defined Benefit Plan, Plan Assets, Payment for Settlement   2,000,000  
Accumulated Benefit Obligation at Dec. 31 506,000,000 519,000,000  
Operating and maintenance expenses   1,000,000 1,000,000
Change in Projected Benefit Obligation [Roll Forward]      
Obligation at Jan. 1 562,000,000 519,000,000  
Service cost 11,000,000 10,000,000 9,000,000
Interest cost 15,000,000 18,000,000 20,000,000
Plan amendments 0 0  
Actuarial loss (13,000,000) 45,000,000  
Benefit payments (30,000,000) (30,000,000)  
Obligation at Dec. 31 545,000,000 562,000,000 519,000,000
Change in Fair Value of Plan Assets [Roll Forward]      
Fair value of plan assets at Jan. 1 527,000,000 [1] 458,000,000  
Actual return on plan assets 46,000,000 84,000,000  
Employer contributions 14,000,000 15,000,000  
Benefit payments (30,000,000) (30,000,000)  
Fair value of plan assets at Dec. 31 557,000,000 [1] 527,000,000 [1] 458,000,000
Funded Status of Plans at Dec. 31 [Abstract]      
Funded status 12,000,000 (35,000,000)  
Liability, Defined Benefit Plan, Noncurrent 0 (35,000,000)  
Assets for Plan Benefits, Defined Benefit Plan 12,000,000 0  
Amounts Not Yet Recognized as Components of Net Periodic Benefit Cost Have Been Recorded as Follows Based Upon Expected Recovery Rates [Abstract]      
Net loss 143,000,000 186,000,000  
Prior service credit (1,000,000) (1,000,000)  
Total 142,000,000 185,000,000  
Amounts Not Yet Recognized as Components of Net Periodic Benefit Cost Have Been Recorded as Follows Based Upon Expected Recovery in Rates [Abstract]      
Current regulatory assets 11,000,000 11,000,000  
Noncurrent regulatory assets 131,000,000 174,000,000  
Amounts Not Yet Recognized As Components Of Net Periodic Benefit Cost Recorded As Current Regulatory Liabilities 0 0  
Amounts Not Yet Recognized As Components Of Net Periodic Benefit Cost Recorded As Noncurrent Regulatory Liabilities 0 0  
Total $ 142,000,000 $ 185,000,000  
Significant Assumptions Used to Measure Benefit Obligations [Abstract]      
Discount rate for year-end valuation (as a percent) 3.08% 2.71%  
Expected average long-term increase in compensation level (as a percent) 3.75% 3.75%  
Components of Net Periodic Benefit Cost (Credit) [Abstract]      
Service cost $ 11,000,000 $ 10,000,000 9,000,000
Interest cost 15,000,000 18,000,000 20,000,000
Expected return on plan assets (30,000,000) (29,000,000) (28,000,000)
Amortization of prior service cost 0 0 0
Amortization of net loss 14,000,000 12,000,000 11,000,000
Net periodic pension cost 10,000,000 11,000,000 14,000,000
Net benefit cost recognized for financial reporting $ 10,000,000 $ 13,000,000 $ 15,000,000
Significant Assumptions Used to Measure Costs [Abstract]      
Discount rate (as a percent) 2.71% 3.49% 4.31%
Expected average long-term increase in compensation level (as a percent) 3.75% 3.75% 3.75%
Expected average long-term rate of return on assets (as a percent) 6.39% 6.78% 6.78%
Plan participant's contributions $ 0 $ 0  
Plan participant's contributions 0 0  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position 12,000,000 (35,000,000)  
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement [2] 0 0 $ 2,000,000
Defined Benefit Plan, Costs Not Recognized Due To Regulation 0 2,000,000 1,000,000
Pension Plan [Member] | SPS [Member]      
Cash Flows [Abstract]      
Payment for Pension Benefits 15,000,000 14,000,000 18,000,000
Other Postretirement Benefits Plan [Member]      
Change in Projected Benefit Obligation [Roll Forward]      
Obligation at Jan. 1 38,000,000 44,000,000  
Service cost 1,000,000 1,000,000 1,000,000
Interest cost 1,000,000 1,000,000 2,000,000
Plan amendments 0 0  
Actuarial loss (3,000,000) (5,000,000)  
Benefit payments (3,000,000) (4,000,000)  
Obligation at Dec. 31 34,000,000 38,000,000 44,000,000
Change in Fair Value of Plan Assets [Roll Forward]      
Fair value of plan assets at Jan. 1 44,000,000 [1] 44,000,000  
Actual return on plan assets 1,000,000 3,000,000  
Employer contributions 0 0  
Benefit payments (3,000,000) (4,000,000)  
Fair value of plan assets at Dec. 31 43,000,000 [1] 44,000,000 [1] 44,000,000
Funded Status of Plans at Dec. 31 [Abstract]      
Funded status 9,000,000 6,000,000  
Liability, Defined Benefit Plan, Noncurrent 0 0  
Assets for Plan Benefits, Defined Benefit Plan 9,000,000 6,000,000  
Amounts Not Yet Recognized as Components of Net Periodic Benefit Cost Have Been Recorded as Follows Based Upon Expected Recovery Rates [Abstract]      
Net loss (19,000,000) (18,000,000)  
Prior service credit (1,000,000) (1,000,000)  
Total (20,000,000) (19,000,000)  
Amounts Not Yet Recognized as Components of Net Periodic Benefit Cost Have Been Recorded as Follows Based Upon Expected Recovery in Rates [Abstract]      
Current regulatory assets 0 0  
Noncurrent regulatory assets 0 0  
Amounts Not Yet Recognized As Components Of Net Periodic Benefit Cost Recorded As Current Regulatory Liabilities (1,000,000) (1,000,000)  
Amounts Not Yet Recognized As Components Of Net Periodic Benefit Cost Recorded As Noncurrent Regulatory Liabilities (19,000,000) (18,000,000)  
Total $ (20,000,000) $ (19,000,000)  
Significant Assumptions Used to Measure Benefit Obligations [Abstract]      
Discount rate for year-end valuation (as a percent) 3.09% 2.65%  
Components of Net Periodic Benefit Cost (Credit) [Abstract]      
Service cost $ 1,000,000 $ 1,000,000 1,000,000
Interest cost 1,000,000 1,000,000 2,000,000
Expected return on plan assets (2,000,000) (2,000,000) (2,000,000)
Amortization of prior service cost 0 0 (1,000,000)
Amortization of net loss (1,000,000) 0 0
Net periodic pension cost (1,000,000) 0 0
Net benefit cost recognized for financial reporting $ (1,000,000) $ 0 $ 0
Significant Assumptions Used to Measure Costs [Abstract]      
Discount rate (as a percent) 2.65% 3.47% 4.32%
Expected average long-term increase in compensation level (as a percent) 0.00% 0.00% 0.00%
Expected average long-term rate of return on assets (as a percent) 4.10% 4.50% 5.30%
Plan participant's contributions $ 0 $ 1,000,000  
Plan participant's contributions 1,000,000 1,000,000  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position $ 9,000,000 $ 6,000,000  
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Pre-65 5.30% 5.50%  
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Post-65 4.90% 5.00%  
Ultimate health care trend assumption rate (as a percent) 4.50% 4.50%  
Period until ultimate trend rate is reached (in years) $ 4 $ 5  
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement [2] 0 0 $ 0
Defined Benefit Plan, Costs Not Recognized Due To Regulation $ 0 $ 0 $ 0
Parent Company [Member] | Pension Plan [Member]      
Cash Flows [Abstract]      
Number of pension plans to which contributions were made | Plan 4    
[1] See Note 8 for further information on fair value measurement inputs and methods.
[2] A settlement charge is required when the amount of all lump-sum distributions during the year is greater than the sum of the service and interest cost components of the annual net periodic pension cost. In 2019, as a result of lump-sum distributions during each plan year, SPS recorded a total pension settlement charge of $2 million. A total of $1 million of that amount was recorded in the income statement in 2019. There were no settlement charges recorded to the qualified pension plans in 2021 or 2020.