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PENSION PLANS AND POST-RETIREMENT BENEFITS (Tables)

3 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

Schedule of Net Benefit Costs

The following tables provide the components of net periodic benefit costs prior to the effects of capitalization and sharing with joint owners of power plants.

			Pension Benefits																		Post-Retirement Benefits
Three Months Ended March 31, 2023			Evergy						Evergy Kansas Central						Evergy Metro						Evergy						Evergy Kansas Central						Evergy Metro
Components of net periodic benefit costs			(millions)
Service cost			$	11.2					$	4.6					$	6.6					$	0.4					$	0.2					$	0.2
Interest cost			22.4						11.4						10.8						2.8						1.4						1.3
Expected return on plan assets			(21.8)						(11.0)						(10.8)						(3.0)						(1.5)						(1.4)
Prior service cost			0.5						0.5						—						—						—						(0.1)
Recognized net actuarial gain			(5.6)						(0.8)						(4.6)						(1.0)						(0.5)						(0.5)
Settlement benefits (costs)			(15.9)						0.4						(16.3)						—						—						—
Net periodic benefit costs before regulatory adjustment and intercompany allocations			(9.2)						5.1						(14.3)						(0.8)						(0.4)						(0.5)
Regulatory adjustment			33.5						7.4						25.9						(0.1)						(0.6)						0.6
Intercompany allocations			—						(0.5)						(0.2)						—						0.1						—
Net periodic benefit costs (income)			$	24.3					$	12.0					$	11.4					$	(0.9)					$	(0.9)					$	0.1

			Pension Benefits																		Post-Retirement Benefits
Three Months Ended March 31, 2022			Evergy						Evergy Kansas Central						Evergy Metro						Evergy						Evergy Kansas Central						Evergy Metro
Components of net periodic benefit costs			(millions)
Service cost			$	19.9					$	7.7					$	12.2					$	0.8					$	0.4					$	0.4
Interest cost			19.8						9.7						9.9						2.0						1.0						1.0
Expected return on plan assets			(26.0)						(12.8)						(14.1)						(2.5)						(1.6)						(0.9)
Prior service cost			0.5						0.5						—						0.1						0.1						(0.4)
Recognized net actuarial (gain)/loss			8.7						6.4						9.7						(0.1)						(0.1)						(0.2)
Net periodic benefit costs before regulatory adjustment and intercompany allocations			22.9						11.5						17.7						0.3						(0.2)						(0.1)
Regulatory adjustment			15.9						2.9						6.5						(0.6)						(0.7)						0.6
Intercompany allocations			—						0.5						(4.5)						—						0.1						(0.1)
Net periodic benefit costs (income)			$	38.8					$	14.9					$	19.7					$	(0.3)					$	(0.8)					$	0.4

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- References

No definition available.

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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

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