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Interest Rate Derivatives (Details) - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Other Current Assets |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Net |  | $ 97 | $ 279
Other Current Assets | Fair Value, Measured on a Recurring Basis |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 218 | 520
Netting | [1] | 124 | 244
Derivative Asset, Net |  | 94 | 276
Other Current Assets | Level 1 | Fair Value, Measured on a Recurring Basis |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 11 | 32
Other Current Assets | Level 2 | Fair Value, Measured on a Recurring Basis |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 152 | 278
Other Current Assets | Level 3 | Fair Value, Measured on a Recurring Basis |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 55 | 210
Other Noncurrent Assets |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Net |  | 97 | 93
Other Noncurrent Assets | Fair Value, Measured on a Recurring Basis |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 164 | 179
Netting | [1] | 69 | 89
Derivative Asset, Net |  | 95 | 90
Other Noncurrent Assets | Level 1 | Fair Value, Measured on a Recurring Basis |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 24 | 34
Other Noncurrent Assets | Level 2 | Fair Value, Measured on a Recurring Basis |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 62 | 71
Other Noncurrent Assets | Level 3 | Fair Value, Measured on a Recurring Basis |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 78 | 74
Commodity Trading | Other Current Assets | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 184 | 324
Netting | [1] | 124 | 242
Derivative Asset, Net |  | 60 | 82
Commodity Trading | Other Current Assets | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 11 | 32
Commodity Trading | Other Current Assets | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 152 | 259
Commodity Trading | Other Current Assets | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 21 | 33
Commodity Trading | Other Noncurrent Assets | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 164 | 179
Netting | [1] | 69 | 89
Derivative Asset, Net |  | 95 | 90
Commodity Trading | Other Noncurrent Assets | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 24 | 34
Commodity Trading | Other Noncurrent Assets | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 62 | 71
Commodity Trading | Other Noncurrent Assets | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 78 | 74
Electric Commodity | Other Current Assets | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 34 | 177
Netting | [1] | 0 | 2
Derivative Asset, Net |  | 34 | 175
Electric Commodity | Other Current Assets | Level 1 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 0 | 0
Electric Commodity | Other Current Assets | Level 2 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 0 | 0
Electric Commodity | Other Current Assets | Level 3 | Fair Value, Measured on a Recurring Basis | Other Derivative Instruments |  |  |
Derivative [Line Items] |  |  |
Derivative Asset, Gross |  | 34 | $ 177
Interest Rate Swap |  |  |
Derivative [Line Items] |  |  |
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net |  | 2 |
Derivative Liability, Notional Amount |  | 495 |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |  |
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net |  | $ 2 |
[1] | Xcel Energy nets derivative instruments and related collateral on its consolidated balance sheets when supported by a legally enforceable master netting agreement. At March 31, 2023 and Dec. 31, 2022, derivative assets and liabilities include no obligations to return cash collateral. At March 31, 2023 and Dec. 31, 2022, derivative assets and liabilities include rights to reclaim cash collateral of $29 million and $53 million, respectively. Counterparty netting amounts presented exclude settlement receivables and payables and non-derivative amounts that may be subject to the same master netting agreements.

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