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Other Postretirement Benefits | 9 Months Ended
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Sep. 30, 2024
Retirement Benefits [Abstract] |
Other Postretirement Benefits | Other Postretirement Benefits Total Periodic Benefit Credit The components of the Companies’ total periodic other postretirement benefit credit for the three and nine months ended September 30, 2024 and 2023 were as follows:
| For the Three Months Ended September 30,
| Con Edison | CECONY
(Millions of Dollars) | 2024 | 2023 | 2024 | 2023
Service cost - including administrative expenses | $3 | $4 | $3 | $3
Interest cost on projected other postretirement benefit obligation | 12 | 14 | 10 | 12
Expected return on plan assets | (17) | (18) | (14) | (14)
Recognition of net actuarial gain | (5) | (4) | (4) | (2)
TOTAL PERIODIC OTHER POSTRETIREMENT CREDIT | $(7) | $(4) | $(5) | $(1)
Cost capitalized | (2) | (2) | (1) | (2)
Reconciliation to rate level | 4 | 1 | 3 | —
Total credit recognized | $(5) | $(5) | $(3) | $(3)
| For the Nine Months Ended September 30,
| Con Edison | CECONY
(Millions of Dollars) | 2024 | 2023 | 2024 | 2023
Service cost - including administrative expenses | $9 | $11 | $8 | $9
Interest cost on projected other postretirement benefit obligation | 35 | 43 | 30 | 37
Expected return on plan assets | (51) | (53) | (41) | (42)
Recognition of net actuarial gain | (14) | (12) | (11) | (6)
Recognition of prior service credit | (1) | (1) | — | —
TOTAL PERIODIC OTHER POSTRETIREMENT CREDIT | $(22) | $(12) | $(14) | $(2)
Cost capitalized | (4) | (5) | (4) | (4)
Reconciliation to rate level | 12 | 2 | 10 | (2)
Total credit recognized | $(14) | $(15) | $(8) | $(8)
For information about the presentation of the components of other postretirement benefit credit, see Note E. Contributions As of September 30, 2024, the Companies contributed $7 million (all of which was made by CECONY) to the other postretirement benefit plans in 2024. 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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