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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Schedule of Fuel Inventory and Supplies

The following table separately states the balances for fuel inventory and supplies.

			December 31
			2023						2022
Evergy			(millions)
Fuel inventory			$	257.3					$	180.7
Supplies			518.9						492.2
Fuel inventory and supplies			$	776.2					$	672.9
Evergy Kansas Central
Fuel inventory			$	138.6					$	97.2
Supplies			273.3						252.3
Fuel inventory and supplies			$	411.9					$	349.5
Evergy Metro
Fuel inventory			$	81.5					$	59.0
Supplies			183.1						181.6
Fuel inventory and supplies			$	264.6					$	240.6

Schedule of Allowance for Funds used During Construction

The amounts of the Evergy Companies' AFUDC for borrowed and equity funds are detailed in the following table.

			2023						2022						2021
Evergy			(millions)
AFUDC borrowed funds			$	39.3					$	15.8					$	14.7
AFUDC equity funds			10.8						22.5						29.4
Total			$	50.1					$	38.3					$	44.1
Evergy Kansas Central
AFUDC borrowed funds			$	22.2					$	6.9					$	7.1
AFUDC equity funds			6.4						8.5						14.9
Total			$	28.6					$	15.4					$	22.0
Evergy Metro
AFUDC borrowed funds			$	11.8					$	6.5					$	6.0
AFUDC equity funds			4.4						14.2						12.6
Total			$	16.2					$	20.7					$	18.6

The average rates used in the calculation of AFUDC are detailed in the following table.

			2023						2022						2021
Evergy Kansas Central			5.7%						3.1%						4.9%
Evergy Metro			5.2%						5.7%						5.6%
Evergy Missouri West			5.6%						2.3%						2.6%

Schedule pf Depreciable Lives of Property Plant and Equipment

The depreciable lives of Evergy's, Evergy Kansas Central's and Evergy Metro's property, plant and equipment are detailed in the following table.

						Evergy															Evergy Kansas Central																					Evergy Metro
						(years)
Generating facilities						5			to			66												5			to			66												7			to			58
Transmission facilities						27			to			66												29			to			63												27			to			64
Distribution facilities						10			to			63												13			to			61												10			to			54
Other						5			to			57												5			to			57												8			to			37

Schedule of Cash Surrender Value of Corporate Owned Life Insurance

Substantially all of Evergy's COLI-related balances relate to Evergy Kansas Central's COLI activity.

						December 31
						2023						2022
Evergy						(millions)
Cash surrender value of policies						$	1,349.9					$	1,387.4
Borrowings against policies						(1,221.1)						(1,256.6)
Corporate-owned life insurance, net						$	128.8					$	130.8

Schedule of Other Income Expense

The table below shows the detail of other expense for each of the Evergy Companies.

			2023						2022						2021
Evergy			(millions)
Non-service cost component of net benefit cost			$	(51.2)					$	(62.9)					$	(55.6)
Other			(23.9)						(34.4)						(31.8)
Other expense			$	(75.1)					$	(97.3)					$	(87.4)
Evergy Kansas Central
Non-service cost component of net benefit cost			$	(17.6)					$	(17.1)					$	(15.6)
Other			(21.1)						(22.5)						(20.3)
Other expense			$	(38.7)					$	(39.6)					$	(35.9)
Evergy Metro
Non-service cost component of net benefit cost			$	(24.8)					$	(31.0)					$	(26.7)
Other			(2.2)						(2.9)						(2.7)
Other expense			$	(27.0)					$	(33.9)					$	(29.4)

Schedule of Earnings Per Share, Basic and Diluted

The following table reconciles Evergy's basic and diluted EPS.

			2023						2022						2021
Income			(millions, except per share amounts)
Net income			$	743.6					$	765.0					$	891.9
Less: Net income attributable to noncontrolling interests			12.3						12.3						12.2
Net income attributable to Evergy, Inc.			$	731.3					$	752.7					$	879.7
Common Shares Outstanding
Weighted average number of common shares outstanding - basic			230.0						229.9						229.0
Add: effect of dilutive securities			0.5						0.4						0.6
Diluted average number of common shares outstanding			230.5						230.3						229.6
Basic EPS			$	3.18					$	3.27					$	3.84
Diluted EPS			$	3.17					$	3.27					$	3.83

Anti-dilutive securities excluded from the computation of diluted EPS for 2023 and 2022 were 3,950,000 common shares issuable pursuant to a warrant. Also, there was no dilution resulting from Evergy's convertible notes in 2023. There were no anti-dilutive securities excluded from the computation of diluted EPS for 2021.

Supplemental Cash Flow Information

Supplemental Cash Flow Information

Year Ended December 31						2023						2022						2021
Evergy						(millions)
Cash paid for (received from):
Interest, net of amount capitalized						$	500.9					$	393.7					$	356.9
Interest of VIEs						—						—						0.2
Income taxes, net of refunds						34.4						21.6						(19.6)
Non-cash investing transactions:
Property, plant and equipment additions						251.3						354.7						269.3

Year Ended December 31						2023						2022						2021
Evergy Kansas Central						(millions)
Cash paid for (received from):
Interest, net of amount capitalized						$	195.3					$	170.2					$	149.3
Interest of VIEs						—						—						0.2
Income taxes, net of refunds						54.4						79.8						37.5
Non-cash investing transactions:
Property, plant and equipment additions						134.1						203.9						101.9

Year Ended December 31						2023						2022						2021
Evergy Metro						(millions)
Cash paid for (received from):
Interest, net of amount capitalized						$	134.3					$	114.6					$	110.8
Income taxes, net of refunds						9.8						(15.2)						36.6
Non-cash investing transactions:
Property, plant and equipment additions						83.2						125.8						102.2

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