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LEASES (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Schedule of Lease Expense

The Evergy Companies' lease expense is detailed in the following table.

Evergy						2023						2022						2021
Finance lease costs						(millions)
Amortization of right-of-use assets						$	6.1					$	5.3					$	5.1
Interest on lease liabilities						2.3						2.4						2.5
Operating lease costs						20.5						21.9						21.8
Short-term lease costs						4.0						4.9						5.9
Variable lease costs for renewable purchase power agreements						266.5						318.0						280.3
Total lease costs						$	299.4					$	352.5					$	315.6

Evergy Kansas Central						2023						2022						2021
Finance lease costs						(millions)
Amortization of right-of-use assets						$	5.5					$	4.7					$	4.5
Interest on lease liabilities						2.2						2.2						2.4
Operating lease costs						10.0						12.1						12.9
Short-term lease costs						1.5						1.4						1.8
Variable lease costs for renewable purchase power agreements						122.6						155.2						145.8
Total lease costs						$	141.8					$	175.6					$	167.4

Evergy Metro						2023						2022						2021
Finance lease costs						(millions)
Amortization of right-of-use assets						$	0.5					$	0.5					$	0.4
Interest on lease liabilities						0.1						0.1						0.1
Operating lease costs						8.6						8.7						9.0
Short-term lease costs						2.2						3.3						3.0
Variable lease costs for renewable purchase power agreements						107.5						122.6						101.0
Total lease costs						$	118.9					$	135.2					$	113.5

Supplemental cash flow information related to the Evergy Companies' leases is detailed in the following table.

Evergy			2023						2022						2021
Cash paid for amounts included in the measurement of lease liabilities:			(millions)
Operating cash flows from operating leases			$	20.1					$	21.1					$	20.7
Operating cash flows from finance leases			2.3						2.4						2.6
Financing cash flows from finance leases			6.6						5.9						5.3
Right-of-use assets obtained in exchange for new operating lease liabilities			20.1						12.2						16.4
Right-of-use assets obtained in exchange for new finance lease liabilities			11.9						7.0						1.4

Evergy Kansas Central			2023						2022						2021
Cash paid for amounts included in the measurement of lease liabilities:			(millions)
Operating cash flows from operating leases			$	9.9					$	11.4					$	11.8
Operating cash flows from finance leases			2.1						2.2						2.4
Financing cash flows from finance leases			5.7						5.1						4.7
Right-of-use assets obtained in exchange for new operating lease liabilities			9.2						12.0						7.1
Right-of-use assets obtained in exchange for new finance lease liabilities			10.2						7.0						1.4

Evergy Metro			2023						2022						2021
Cash paid for amounts included in the measurement of lease liabilities:			(millions)
Operating cash flows from operating leases			$	9.7					$	9.3					$	10.4
Operating cash flows from finance leases			0.1						0.1						0.1
Financing cash flows from finance leases			0.8						0.7						0.5
Right-of-use assets obtained in exchange for new operating lease liabilities			9.9						0.2						9.3
Right-of-use assets obtained in exchange for new finance lease liabilities			1.7						—						—

Schedule of Payments for Finance Leases

Payments and other supplemental information for finance leases as of December 31, 2023, are detailed in the following table.

						Evergy						Evergy Kansas Central						Evergy Metro
						(millions)
2024						$	9.3					$	8.3					$	0.8
2025						8.1						7.4						0.6
2026						7.8						7.0						0.5
2027						7.3						6.5						0.5
2028						6.7						6.1						0.4
After 2028						35.5						34.8						0.7
Total finance lease payments						74.7						70.1						3.5
Amounts representing imputed interest						(20.0)						(19.2)						(0.6)
Present value of lease payments						54.7						50.9						2.9
Less: current portion						(7.2)						(6.3)						(0.7)
Total long-term obligations under finance leases						$	47.5					$	44.6					$	2.2
Right-of-use assets under finance leases included in property, plant and equipment, net on the consolidated balance sheets						$	323.7					$	63.5					$	2.9
Weighted-average remaining lease term (years)						11.0						11.4						6.0
Weighted-average discount rate						5.5		%				5.6		%				5.8		%

Schedule of Lease Payments for Operating Leases

Lease payments and other supplemental information for operating leases as of December 31, 2023, are detailed in the following table.

						Evergy						Evergy Kansas Central						Evergy Metro
						(millions)
2024						$	21.5					$	9.1					$	11.8
2025						15.5						6.4						8.9
2026						12.1						4.6						7.4
2027						9.8						3.1						6.5
2028						6.3						1.0						5.3
After 2028						18.1						—						18.1
Total operating lease payments						83.3						24.2						58.0
Amounts representing imputed interest						(11.9)						(1.7)						(10.1)
Present value of lease payments						71.4						22.5						47.9
Less: current portion						(18.1)						(8.9)						(8.7)
Total long-term obligations under operating leases						$	53.3					$	13.6					$	39.2
Right-of-use assets under operating leases included in other assets on the consolidated balance sheets						$	71.1					$	22.8					$	35.5
Weighted-average remaining lease term (years)						5.9						3.3						7.2
Weighted-average discount rate						3.2		%				4.1		%				2.5		%

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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