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Pension Benefits (Tables) | 9 Months Ended
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Sep. 30, 2021
Retirement Benefits [Abstract] |
Total Periodic Benefit Costs | The components of the Companies’ total periodic benefit cost for the three and nine months ended September 30, 2021 and 2020 were as follows:
| For the Three Months Ended September 30,
| Con Edison | CECONY
(Millions of Dollars) | 2021 | 2020 | 2021 | 2020
Service cost – including administrative expenses | $85 | $73 | $80 | $69
Interest cost on projected benefit obligation | 118 | 137 | 111 | 129
Expected return on plan assets | (274) | (258) | (260) | (245)
Recognition of net actuarial loss | 197 | 175 | 187 | 165
Recognition of prior service credit | (4) | (4) | (5) | (5)
TOTAL PERIODIC BENEFIT COST | $122 | $123 | $113 | $113
Cost capitalized | (41) | (34) | (39) | (32)
Reconciliation to rate level | (54) | (62) | (52) | (59)
Total expense recognized | $27 | $27 | $22 | $22
| For the Nine Months Ended September 30,
| Con Edison | CECONY
(Millions of Dollars) | 2021 | 2020 | 2021 | 2020
Service cost – including administrative expenses | $257 | $220 | $241 | $206
Interest cost on projected benefit obligation | 353 | 412 | 332 | 387
Expected return on plan assets | (822) | (775) | (779) | (735)
Recognition of net actuarial loss | 590 | 524 | 559 | 496
Recognition of prior service credit | (12) | (12) | (15) | (15)
TOTAL PERIODIC BENEFIT COST | $366 | $369 | $338 | $339
Cost capitalized | (120) | (98) | (113) | (93)
Reconciliation to rate level | (165) | (188) | (158) | (179)
Total expense recognized | $81 | $83 | $67 | $67
The components of the Companies’ total periodic other postretirement benefit cost/(credit) for the three and nine months ended September 30, 2021 and 2020 were as follows:
| For the Three Months Ended September 30,
| Con Edison | CECONY
(Millions of Dollars) | 2021 | 2020 | 2021 | 2020
Service cost - including administrative expenses | $2 | $5 | $1 | $4
Interest cost on projected other postretirement benefit obligation | 7 | 9 | 6 | 8
Expected return on plan assets | (17) | (16) | (14) | (14)
Recognition of net actuarial loss | 4 | 3 | 3 | 3
Recognition of prior service credit | — |  | (1) | — |  | — |
TOTAL PERIODIC OTHER POSTRETIREMENT BENEFIT COST | $(4) | $— |  | $(4) | $1
Cost capitalized | (3) | (2) | (3) | (2)
Reconciliation to rate level | 7 | 2 | 6 | — |
Total credit recognized | $— |  | $— |  | $(1) | $(1)
| For the Nine Months Ended September 30,
| Con Edison | CECONY
(Millions of Dollars) | 2021 | 2020 | 2021 | 2020
Service cost - including administrative expenses | $15 | $16 | $11 | $12
Interest cost on projected other postretirement benefit obligation | 23 | 28 | 19 | 23
Expected return on plan assets | (51) | (49) | (41) | (41)
Recognition of net actuarial loss | 17 | 34 | 13 | 32
Recognition of prior service credit | (2) | (3) | (1) |  | (1)
TOTAL PERIODIC OTHER POSTRETIREMENT BENEFIT COST | $2 | $26 | $1 | $25
Cost capitalized | (9) | (7) | (7) | (5)
Reconciliation to rate level | 7 | (19) | 2 | (24)
Total credit recognized | $— |  | $— |  | $(4) | $(4)

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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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