Leases (Tables)

3 Months Ended

Mar. 31, 2019

Lease Costs, Cash Flows and Other Related Information



	Con Edison	CECONY
Weighted Average Remaining Lease Term:
Operating leases	19.3 years	14.7 years
Finance leases	10.0 years	2.5 years
Weighted Average Discount Rate:
Operating leases	4.3%	3.6%
Finance leases	4.2%	5.3%

Operating lease cost and cash paid for amounts included in the measurement of lease liabilities were as follows for Con Edison and CECONY for the three months ended March 31, 2019:

Operating Leases, Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases at March 31, 2019 were as follows:



(Millions of Dollars)	Con Edison			CECONY
Year Ending March 31,	Operating Leases	Finance Leases		Operating Leases	Finance Leases
2020	$79	$1		$58	$1
2021	74	—		58	—
2022	71	—		55	—
2023	69	—		53	—
2024	68	—		53	—
All years thereafter	973	1		553	—
Total future minimum lease payments	$1,334	$2		$830	$1
Less: imputed interest	(459)	—		(191)	—
Total	$875	$2		$639	$1
Reported as of March 31, 2019
Operating lease liabilities (current)	$50		$—	$41		$—
Operating lease liabilities (noncurrent)	825	—		598	—
Other current liabilities	—	1		—	1
Other noncurrent liabilities	—	1		—	—
Total	$875	$2		$639	$1

Finance Leases, Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases at March 31, 2019 were as follows:



(Millions of Dollars)	Con Edison			CECONY
Year Ending March 31,	Operating Leases	Finance Leases		Operating Leases	Finance Leases
2020	$79	$1		$58	$1
2021	74	—		58	—
2022	71	—		55	—
2023	69	—		53	—
2024	68	—		53	—
All years thereafter	973	1		553	—
Total future minimum lease payments	$1,334	$2		$830	$1
Less: imputed interest	(459)	—		(191)	—
Total	$875	$2		$639	$1
Reported as of March 31, 2019
Operating lease liabilities (current)	$50		$—	$41		$—
Operating lease liabilities (noncurrent)	825	—		598	—
Other current liabilities	—	1		—	1
Other noncurrent liabilities	—	1		—	—
Total	$875	$2		$639	$1

Future Minimum Lease Commitments Accounted for Under Topic 840

The future minimum lease commitments at December 31, 2018, accounted for under Topic 840, for the Companies’ operating lease agreements that are not cancellable by the Companies were as follows:



(Millions of Dollars)	Con Edison	CECONY
2019	$72	$56
2020	72	56
2021	71	54
2022	68	53
2023	68	53
All years thereafter	890	592
Total	$1,241	$864

(Millions of Dollars)

Con Edison

Operating lease cost

Operating lease cash flows