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Pension Benefits (Tables) | 6 Months Ended
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Jun. 30, 2022
Retirement Benefits [Abstract] |
Total Periodic Benefit Costs | The components of the Companies’ total periodic benefit cost for the three and six months ended June 30, 2022 and 2021 were as follows:
| For the Three Months Ended June 30,
| Con Edison | CECONY
(Millions of Dollars) | 2022 | 2021 | 2022 | 2021
Service cost – including administrative expenses | $72 | $85 | $67 | $80
Interest cost on projected benefit obligation | 126 | 118 | 119 | 111
Expected return on plan assets | (292) | (274) | (277) | (260)
Recognition of net actuarial loss | 94 | 197 | 89 | 187
Recognition of prior service credit | (4) | (4) | (5) | (5)
TOTAL PERIODIC BENEFIT COST/(CREDIT) | $(4) | $122 | $(7) | $113
Cost capitalized | (35) | (41) | (33) | (39)
Reconciliation to rate level | 66 | (54) | 62 | (52)
Total expense recognized | $27 | $27 | $22 | $22
| For the Six Months Ended June 30,
| Con Edison | CECONY
(Millions of Dollars) | 2022 | 2021 | 2022 | 2021
Service cost – including administrative expenses | $144 | $171 | $135 | $160
Interest cost on projected benefit obligation | 252 | 236 | 237 | 222
Expected return on plan assets | (585) | (548) | (554) | (520)
Recognition of net actuarial loss | 189 | 393 | 179 | 373
Recognition of prior service credit | (8) | (8) | (10) | (10)
TOTAL PERIODIC BENEFIT COST/(CREDIT) | ($8) | $244 | ($13) | $225
Cost capitalized | (68) | (79) | (65) | (75)
Reconciliation to rate level | 130 | (111) | 123 | (106)
Total expense recognized | $54 | $54 | $45 | $44
The components of the Companies’ total periodic other postretirement benefit cost/(credit) for the three and six months ended June 30, 2022 and 2021 were as follows:
| For the Three Months Ended June 30,
| Con Edison | CECONY
(Millions of Dollars) | 2022 | 2021 | 2022 | 2021
Service cost - including administrative expenses | $4 | $7 | $3 | $5
Interest cost on projected other postretirement benefit obligation | 9 | 8 | 7 | 7
Expected return on plan assets | (18) | (17) | (15) | (14)
Recognition of net actuarial loss/(gain) | (6) | 6 | (3) | 5
Recognition of prior service credit | (1) | (1) | — |  | — |
TOTAL PERIODIC OTHER POSTRETIREMENT BENEFIT COST/(CREDIT) | $(12) | $3 |  | $(8) | $3
Cost capitalized | (2) | (3) | (1) | (3)
Reconciliation to rate level | 11 | — |  | 8 | (1)
Total credit recognized | ($3) |  | $— |  | $(1) | $(1)
| For the Six Months Ended June 30,
| Con Edison | CECONY
(Millions of Dollars) | 2022 | 2021 | 2022 | 2021
Service cost - including administrative expenses | $9 | $13 | $7 | $10
Interest cost on projected other postretirement benefit obligation | 18 | 16 | 15 | 13
Expected return on plan assets | (36) | (34) | (29) | (27)
Recognition of net actuarial loss/(gain) | (7) | 12 | (4) | 10
Recognition of prior service credit | (1) |  | (1) | — |  | (1)
TOTAL PERIODIC OTHER POSTRETIREMENT BENEFIT COST/(CREDIT) | $(17) | $6 |  | $(11) | $5
Cost capitalized | (4) | (6) | (3) | (5)
Reconciliation to rate level | 15 | — |  | 12 | (3)
Total credit recognized | ($6) |  | $— |  | $(2) | $(3)

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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 https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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