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v3.23.3

Leases (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022
Lessee, Lease, Description [Line Items] |  |  |  |  |  |  |  |  |  |
Finance Lease, Right-of-Use Asset, Amortization |  | $ 1 |  | $ 1 |  | $ 2 |  | $ 3 |  |
Finance Lease, Interest Expense |  | 4 |  | 4 |  | 12 |  | 12 |  |
Finance Lease, Cost |  | 5 |  | 5 |  | 14 |  | 15 |  |
Operating Lease, Cost |  | 72 | [1] | 67 | [1] | 217 | [2] | 210 | [2] |
Lessee, Operating Lease, Liability, to be Paid |  | 1,401 |  |  |  | 1,401 |  |  |  |
Finance Lease, Liability, Payment, Due | [3] | 220 |  |  |  | 220 |  |  |  |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount |  | (240) |  |  |  | (240) |  |  |  |
Finance Lease, Liability, Undiscounted Excess Amount | [3] | (156) |  |  |  | (156) |  |  |  |
Operating Lease, Liability |  | 1,161 |  |  |  | 1,161 |  |  |  |
Finance Lease, Liability | [3] | 64 |  |  |  | 64 |  |  |  |
Operating Lease, Liability, Current |  | (231) |  |  |  | (231) |  |  |  | $ (217)
Finance Lease, Liability, Current | [3] | (2) |  |  |  | (2) |  |  |  |
Operating lease liabilities |  | 930 |  |  |  | 930 |  |  |  | $ 1,038
Finance Lease, Liability, Noncurrent | [3] | 62 |  |  |  | 62 |  |  |  |
Short-term Lease, Cost |  | $ 1 |  | 1 |  | $ 6 |  | 4 |  |
WYCO, Inc. |  |  |  |  |  |  |  |  |  |
Lessee, Lease, Description [Line Items] |  |  |  |  |  |  |  |  |  |
Equity Method Investment, Ownership Percentage |  | 50.00% |  |  |  | 50.00% |  |  |  |
PPAs |  |  |  |  |  |  |  |  |  |
Lessee, Lease, Description [Line Items] |  |  |  |  |  |  |  |  |  |
Operating Lease, Cost |  | $ 61 |  | 59 |  | $ 182 |  | 182 |  |
Lessee, Operating Lease, Liability, to be Paid |  | 1,108 |  |  |  | 1,108 |  |  |  |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount |  | (139) |  |  |  | (139) |  |  |  |
Operating Lease, Liability |  | 969 |  |  |  | 969 |  |  |  |
Property, Plant and Equipment, Other Types |  |  |  |  |  |  |  |  |  |
Lessee, Lease, Description [Line Items] |  |  |  |  |  |  |  |  |  |
Operating Lease, Cost |  | 11 | [4] | $ 8 | [4] | 35 | [5] | $ 28 | [5] |
Lessee, Operating Lease, Liability, to be Paid |  | 293 |  |  |  | 293 |  |  |  |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount |  | (101) |  |  |  | (101) |  |  |  |
Operating Lease, Liability |  | $ 192 |  |  |  | $ 192 |  |  |  |
[1] | PPA capacity payments are included in electric fuel and purchased power on the consolidated statements of income. Expense for other operating leases is included in O&M expense and electric fuel and purchased power.
[2] | PPA capacity payments are included in electric fuel and purchased power on the consolidated statements of income. Expense for other operating leases is included in O&M expense and electric fuel and purchased power.
[3] | Excludes certain amounts related to Xcel Energy’s 50% ownership interest in WYCO.
[4] | Includes short-term lease expense of $1 million for both 2023 and 2022.
[5] | Includes short-term lease expense of $6 million and $4 million for 2023 and 2022, respectively.

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