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Other Postretirement Benefits | 6 Months Ended
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Jun. 30, 2023
Retirement Benefits [Abstract] |
Other Postretirement Benefits | Other Postretirement Benefits Total Periodic Benefit Cost The components of the Companies’ total periodic other postretirement benefit cost/(credit) for the three and six months ended June 30, 2023 and 2022 were as follows:
| For the Three Months Ended June 30,
| Con Edison | CECONY
(Millions of Dollars) | 2023 | 2022 | 2023 | 2022
Service cost - including administrative expenses | $4 | $4 | $3 | $3
Interest cost on projected other postretirement benefit obligation | 14 | 9 | 12 | 7
Expected return on plan assets | (18) | (18) | (14) | (15)
Recognition of net actuarial gain | (4) | (6) | (2) | (3)
Recognition of prior service credit | — | (1) | — | —
TOTAL PERIODIC OTHER POSTRETIREMENT CREDIT | $(4) | $(12) | $(1) | $(8)
Cost capitalized | (2) | (2) | (1) | (1)
Reconciliation to rate level | 1 | 11 | — | 8
Total credit recognized | $(5) | $(3) | $(2) | $(1)
| For the Six Months Ended June 30,
| Con Edison | CECONY
(Millions of Dollars) | 2023 | 2022 | 2023 | 2022
Service cost - including administrative expenses | $7 | $9 | $6 | $7
Interest cost on projected other postretirement benefit obligation | 28 | 18 | 25 | 15
Expected return on plan assets | (35) | (36) | (28) | (29)
Recognition of net actuarial gain | (8) | (7) | (4) | (4)
Recognition of prior service credit | (1) | (1) | — | —
TOTAL PERIODIC OTHER POSTRETIREMENT CREDIT | $(9) | $(17) | $(1) | $(11)
Cost capitalized | (3) | (4) | (2) | (3)
Reconciliation to rate level | 2 | 15 | (2) | 12
Total credit recognized | $(10) | $(6) | $(5) | $(2)
For information about the presentation of the components of other postretirement benefit costs, see Note E. Expected Contributions Based on estimates as of June 30, 2023, the Companies expect to make a contribution of $15 million (all of which is to be made by CECONY) to the other postretirement benefit plans in 2023. The Companies' policy is to fund the total periodic benefit cost of the plans to the extent tax deductible.

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- Definition The entire disclosure for postemployment benefits, which may include supplemental unemployment benefits, obligations recognized for all types of benefits provided to former or inactive employees, their beneficiaries, and covered dependents after employment but before retirement. Disclosure may also include discussion that an obligation for postemployment benefits is not accrued in accordance with regulation only because the amount cannot be reasonably estimated. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 712 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//712/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 712 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481565/712-10-50-2 + Details
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