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Pension Benefits (Tables) | 9 Months Ended
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Sep. 30, 2023
Retirement Benefits [Abstract] |
Total Periodic Benefit Costs | The components of the Companies’ total periodic benefit cost/(credit) for the three and nine months ended September 30, 2023 and 2022 were as follows:
| For the Three Months Ended September 30,
| Con Edison | CECONY
(Millions of Dollars) | 2023 | 2022 | 2023 | 2022
Service cost – including administrative expenses | $40 | $72 | $38 | $67
Interest cost on projected benefit obligation | 162 | 126 | 153 | 119
Expected return on plan assets | (279) | (292) | (265) | (277)
Recognition of net actuarial loss/(gain) | (58) | 94 | (55) | 89
Recognition of prior service credit | (4) | (4) | (5) | (5)
TOTAL PERIODIC BENEFIT CREDIT | $(139) | $(4) | $(134) | $(7)
Cost capitalized | (19) | (32) | (18) | (30)
Reconciliation to rate level | 72 | 63 | 66 | 59
Total expense (credit) recognized | $(86) | $27 | $(86) | $22
| For the Nine Months Ended September 30,
| Con Edison | CECONY
(Millions of Dollars) | 2023 | 2022 | 2023 | 2022
Service cost – including administrative expenses | $122 | $215 | $113 | $202
Interest cost on projected benefit obligation | 486 | 379 | 458 | 357
Expected return on plan assets | (837) | (876) | (795) | (832)
Recognition of net actuarial loss/(gain) | (174) | 283 | (164) | 268
Recognition of prior service credit | (12) | (12) | (15) | (15)
TOTAL PERIODIC BENEFIT CREDIT | $(415) | $(11) | $(403) | $(20)
Cost capitalized | (61) | (100) | (58) | (95)
Reconciliation to rate level | 218 | 192 | 202 | 182
Total expense (credit) recognized | $(258) | $81 | $(259) | $67
The components of the Companies’ total periodic other postretirement benefit cost/(credit) for the three and nine months ended September 30, 2023 and 2022 were as follows:
| For the Three Months Ended September 30,
| Con Edison | CECONY
(Millions of Dollars) | 2023 | 2022 | 2023 | 2022
Service cost - including administrative expenses | $4 | $5 | $3 | $4
Interest cost on projected other postretirement benefit obligation | 14 | 8 | 12 | 8
Expected return on plan assets | (18) | (18) | (14) | (14)
Recognition of net actuarial gain | (4) | (4) | (2) | (3)
Recognition of prior service credit | — | — | — | —
TOTAL PERIODIC OTHER POSTRETIREMENT CREDIT | $(4) | $(9) | $(1) | $(5)
Cost capitalized | (2) | (2) | (2) | (2)
Reconciliation to rate level | 1 | 7 | — | 6
Total credit recognized | $(5) | $(4) | $(3) | $(1)
| For the Nine Months Ended September 30,
| Con Edison | CECONY
(Millions of Dollars) | 2023 | 2022 | 2023 | 2022
Service cost - including administrative expenses | $11 | $14 | $9 | $11
Interest cost on projected other postretirement benefit obligation | 43 | 26 | 37 | 23
Expected return on plan assets | (53) | (54) | (42) | (43)
Recognition of net actuarial gain | (12) | (11) | (6) | (7)
Recognition of prior service credit | (1) | (1) | — | —
TOTAL PERIODIC OTHER POSTRETIREMENT CREDIT | $(12) | $(26) | $(2) | $(16)
Cost capitalized | (5) | (6) | (4) | (5)
Reconciliation to rate level | 2 | 22 | (2) | 18
Total credit recognized | $(15) | $(10) | $(8) | $(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 -Topic 715 -SubTopic 20 -Subparagraph (h) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480506/715-20-50-1 + Details
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