Leases (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lease Costs, Cash Flows and Other Related Information

Other information related to leases for Con Edison and CECONY at September 30, 2019 was as follows:

	Con Edison	CECONY
Weighted Average Remaining Lease Term:
Operating leases	18.9 years	14.3 years
Finance leases	11.2 years	2.3 years
Weighted Average Discount Rate:
Operating leases	4.3%	3.6%
Finance leases	3.8%	4.7%

Operating lease cost and cash paid for amounts included in the measurement of lease liabilities for the three and nine months ended September 30, 2019 were as follows:

	For the Three Months Ended September 30, 2019
(Millions of Dollars)	Con Edison		CECONY
Operating lease cost		$21		$16
Operating lease cash flows		$10		$5

	For the Nine Months Ended September 30, 2019
(Millions of Dollars)	Con Edison		CECONY
Operating lease cost		$62		$48
Operating lease cash flows		$27		$13

Operating Leases, Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases at September 30, 2019 were as follows:

(Millions of Dollars)	Con Edison			CECONY
Year Ending September 30,	Operating Leases	Finance Leases		Operating Leases	Finance Leases
2020	$74	$1		$58	$1
2021	73	—		57	—
2022	69	—		53	—
2023	69	—		53	—
2024	69	—		53	—
All years thereafter	966	1		550	—
Total future minimum lease payments	$1,320	$2		$824	$1
Less: imputed interest	(442)	—		(180)	—
Total	$878	$2		$644	$1
Reported as of September 30, 2019
Operating lease liabilities (current)	$59		$—	$49		$—
Operating lease liabilities (noncurrent)	819	—		595	—
Other current liabilities	—	1		—	1
Other noncurrent liabilities	—	1		—	—
Total	$878	$2		$644	$1

Finance Leases, Future Minimum Lease Payments

Future minimum lease payments under non-cancellable leases at September 30, 2019 were as follows:

(Millions of Dollars)	Con Edison			CECONY
Year Ending September 30,	Operating Leases	Finance Leases		Operating Leases	Finance Leases
2020	$74	$1		$58	$1
2021	73	—		57	—
2022	69	—		53	—
2023	69	—		53	—
2024	69	—		53	—
All years thereafter	966	1		550	—
Total future minimum lease payments	$1,320	$2		$824	$1
Less: imputed interest	(442)	—		(180)	—
Total	$878	$2		$644	$1
Reported as of September 30, 2019
Operating lease liabilities (current)	$59		$—	$49		$—
Operating lease liabilities (noncurrent)	819	—		595	—
Other current liabilities	—	1		—	1
Other noncurrent liabilities	—	1		—	—
Total	$878	$2		$644	$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