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v3.25.2

Leases (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024 | Dec. 31, 2024
Lessee, Lease, Description [Line Items] |  |  |  |  |  |  |  |  |  |
Finance Lease, Right-of-Use Asset, Amortization |  | $ 1 |  | $ 1 |  | $ 2 |  | $ 2 |  |
Finance Lease, Interest Expense |  | 3 |  | 3 |  | 7 |  | 7 |  |
Finance Lease, Cost |  | 4 |  | 4 |  | 9 |  | 9 |  |
Operating Lease, Cost |  | 64 | [1] | 68 | [1] | 134 | [2] | 137 | [2] |
Lessee, Operating Lease, Liability, to be Paid |  | 1,480 |  |  |  | 1,480 |  |  |  |
Finance Lease, Liability, Payment, Due | [3] | 204 |  |  |  | 204 |  |  |  |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount |  | (324) |  |  |  | (324) |  |  |  |
Finance Lease, Liability, Undiscounted Excess Amount | [3] | (143) |  |  |  | (143) |  |  |  |
Operating Lease, Liability |  | 1,156 |  |  |  | 1,156 |  |  |  |
Finance Lease, Liability | [3] | 61 |  |  |  | 61 |  |  |  |
Operating Lease, Liability, Current |  | (211) |  |  |  | (211) |  |  |  | $ (227)
Finance Lease, Liability, Current | [3] | (2) |  |  |  | (2) |  |  |  |
Operating lease liabilities |  | 945 |  |  |  | 945 |  |  |  | $ 867
Finance Lease, Liability, Noncurrent | [3] | $ 59 |  |  |  | $ 59 |  |  |  |
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 |  | $ 54 |  | 57 |  | $ 111 |  | 115 |  |
Lessee, Operating Lease, Liability, to be Paid |  | 954 |  |  |  | 954 |  |  |  |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount |  | (120) |  |  |  | (120) |  |  |  |
Operating Lease, Liability |  | 834 |  |  |  | 834 |  |  |  |
Property, Plant and Equipment, Other Types |  |  |  |  |  |  |  |  |  |
Lessee, Lease, Description [Line Items] |  |  |  |  |  |  |  |  |  |
Operating Lease, Cost |  | 10 | [4] | $ 11 | [4] | 23 | [5] | $ 22 | [5] |
Lessee, Operating Lease, Liability, to be Paid |  | 526 |  |  |  | 526 |  |  |  |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount |  | (204) |  |  |  | (204) |  |  |  |
Operating Lease, Liability |  | $ 322 |  |  |  | $ 322 |  |  |  |
[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 immaterial short-term lease expense.
[5] | Includes immaterial short-term lease expense.

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