Dispositions (Tables)

12 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table shows the pre-tax operating income for the Clean Energy Businesses. The 2023 period shown is through the date of the sale of the Clean Energy Businesses; there is no applicable data for the year ended December 31, 2024.

	For the Year Ended December 31,
(Millions of Dollars)	2023	2022
Pre-tax operating income	$25	$466
Pre-tax operating income, excluding non-controlling interest	21	406

The carrying amounts of the major classes of assets and liabilities of Broken Bow II, that were transferred from Con Edison to RWE in January 2025, were presented on a held-for-sale basis as of December 31, 2023 and 2024, and accordingly, excluded net deferred tax liability balances, as follows:

(Millions of Dollars)	December 31, 2024	December 31, 2023
ASSETS
CURRENT ASSETS
Cash and temporary cash investments	$1	$—
Accounts receivable and other receivables - net allowance for uncollectible accounts	2	1
Accrued unbilled revenue	—	1
Restricted cash	8	5
Other current assets	—	1
TOTAL CURRENT ASSETS	11	8
NON-UTILITY PLANT
Non-utility property, net accumulated depreciation	59	76
NET PLANT	59	76
OTHER NONCURRENT ASSETS
Intangible assets, less accumulated amortization	56	72
Operating lease right-of-use asset	7	7
TOTAL OTHER NONCURRENT ASSETS	63	79
TOTAL ASSETS	$133	$163

(Millions of Dollars)	December 31, 2024	December 31, 2023
LIABILITIES
CURRENT LIABILITIES
Long-term debt due within one year	$2	$2
Operating lease liabilities	2	2
Other current liabilities	10	4
TOTAL CURRENT LIABILITIES	14	8
NONCURRENT LIABILITIES
Asset retirement obligations	3	3
Operating lease liabilities	5	5
TOTAL NONCURRENT LIABILITIES	8	8
LONG-TERM DEBT	57	60
TOTAL LIABILITIES	$79	$76