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Revenue Recognition | 6 Months Ended
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Jun. 30, 2020
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition The following table presents, for the three and six months ended June 30, 2020 and 2019, revenue from contracts with customers as defined in ASC Topic 606, "Revenue from Contracts with Customers," as well as additional revenue from sources other than contracts with customers, disaggregated by major source.
| For the Three Months Ended June 30, 2020 | For the Three Months Ended June 30, 2019
(Millions of Dollars) | Revenues from contracts with customers |  | Other revenues (a) | Total operating revenues | Revenues from contracts with customers |  | Other revenues (a) | Total operating revenues
CECONY |  |  |  |  |  |  |  |
Electric | $1,781 |  | $64 | $1,845 | $1,751 |  | $82 | $1,833
Gas | 399 |  | 17 | 416 | 400 |  | 8 | 408
Steam | 81 |  | 3 | 84 | 86 |  | 4 | 90
Total CECONY | $2,261 |  | $84 | $2,345 | $2,237 |  | $94 | $2,331
O&R |  |  |  |  |  |  |  |
Electric | 139 |  | (1) | 138 | 140 |  | (2) | 138
Gas | 37 |  | — |  | 37 | 39 |  | 2 | 41
Total O&R | $176 |  | $(1) | $175 | $179 |  |  | $— |  | $179
Clean Energy Businesses |  |  |  |  |  |  |  |
Renewables | 178 | (b) | — |  | 178 | 171 | (b) | — |  | 171
Energy services | 11 |  | — |  | 11 | 16 |  | — |  | 16
Other | — |  |  | 9 | 9 | — |  |  | 46 | 46
Total Clean Energy Businesses | $189 |  | $9 | $198 | $187 |  | $46 | $233
Con Edison Transmission | 1 |  | — |  | 1 | 1 |  | — |  | 1
Total Con Edison | $2,627 |  | $92 | $2,719 | $2,604 |  | $140 | $2,744
(a) For the Utilities, this includes revenue from alternative revenue programs, such as the revenue decoupling mechanisms under their New York electric and gas rate plans. For the Clean Energy Businesses, this includes revenue from wholesale services. (b) Included within the totals for Renewables revenue at the Clean Energy Businesses is $2 million and $4 million for the three months ended June 30, 2020 and 2019, respectively, of revenue related to engineering, procurement and construction services.
| For the Six Months Ended June 30, 2020 | For the Six Months Ended June 30, 2019
(Millions of Dollars) | Revenues from contracts with customers |  | Other revenues (a) | Total operating revenues | Revenues from contracts with customers |  | Other revenues (a) | Total operating revenues
CECONY |  |  |  |  |  |  |  |
Electric | $3,514 |  | $102 | $3,616 | $3,465 |  | $165 | $3,630
Gas | 1,232 |  | 18 | 1,250 | 1,310 |  | 20 | 1,330
Steam | 325 |  | 9 | 334 | 402 |  | 9 | 411
Total CECONY | $5,071 |  | $129 | $5,200 | $5,177 |  | $194 | $5,371
O&R |  |  |  |  |  |  |  |
Electric | 267 |  | 7 | 274 | 283 |  | — |  | 283
Gas | 130 |  | 4 | 134 | 153 |  | 1 | 154
Total O&R | $397 |  | $11 | $408 | $436 |  | $1 | $437
Clean Energy Businesses |  |  |  |  |  |  |  |
Renewables | 292 | (b) | — |  | 292 | 278 | (b) | — |  | 278
Energy services | 22 |  | — |  | 22 | 39 |  | — |  | 39
Other | — |  |  | 30 | 30 | — |  |  | 133 | 133
Total Clean Energy Businesses | $314 |  | $30 | $344 | $317 |  | $133 | $450
Con Edison Transmission | 2 |  | — |  | 2 | 2 |  | — |  | 2
Other (c) | — |  |  | (1) | (1) | — |  |  | (2) | (2)
Total Con Edison | $5,784 |  | $169 | $5,953 | $5,932 |  | $326 | $6,258
(a) | For the Utilities, this includes revenue from alternative revenue programs, such as the revenue decoupling mechanisms under their New York electric and gas rate plans. For the Clean Energy Businesses, this includes revenue from wholesale services.
(b) Included within the totals for Renewables revenue at the Clean Energy Businesses is $4 million and $6 million for the six months ended June 30, 2020 and 2019, respectively, of revenue related to engineering, procurement and construction services.
(c) | P arent company and consolidation adjustments.
| 2020 | 2019
(Millions of Dollars) | Unbilled contract revenue (a) | Unearned revenue (b) |  | Unbilled contract revenue (a) | Unearned revenue (b) |  |
Beginning balance as of January 1, | $29 | $17 |  | $29 | $20 |
Additions (c) | 58 | 31 |  | 44 | — |  |
Subtractions (c) | 65 | 1 | (d) | 38 | 2 | (d)
Ending balance as of June 30, | $22 | $47 |  | $35 | $18 |
(a) | Unbilled contract revenue represents accumulated incurred costs and earned profits on contracts (revenue arrangements), which have been recorded as revenue, but have not yet been billed to customers, and which represent contract assets as defined in Topic 606. Substantially all accrued unbilled contract revenue is expected to be collected within one year. Unbilled contract revenue arises from the cost-to-cost method of revenue recognition. Unbilled contract revenue from fixed-price type contracts is converted to billed receivables when amounts are invoiced to customers according to contractual billing terms, which generally occur when deliveries or other performance milestones are completed.
(b) | Unearned revenue represents a liability for billings to customers in excess of earned revenue, which are contract liabilities as defined in Topic 606.
(c) | Additions for unbilled contract revenue and subtractions for unearned revenue represent additional revenue earned. Additions for unearned revenue and subtractions for unbilled contract revenue represent billings. Activity also includes appropriate balance sheet classification for the period.
(d) | Of the subtractions from unearned revenue, $1 million and $2 million were included in the balances as of January 1, 2020 and 2019, respectively.
As of June 30, 2020, the aggregate amount of the remaining fixed performance obligations of the Clean Energy Businesses under contracts with customers for energy services is $70 million, of which $34 million will be recognized within the next two years, and the remaining $36 million will be recognized pursuant to long-term service and maintenance agreements. In March 2020, the Utilities began suspending new late payment charges and certain other fees for all customers. The estimated amount of these foregone revenues for the three months ended June 30, 2020 was $21 million and $20 million for Con Edison and CECONY, respectively. The estimated amount of these foregone revenues for the six months ended June 30, 2020 was $24 million and $23 million for Con Edison and CECONY, respectively. The Utilities also began providing payment extensions for all customers that were scheduled to be disconnected prior to the start of the COVID-19 pandemic. See "COVID-19 Regulatory Matters" in Note B.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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