XML 65 R66.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Benefit Plans and Other Postretirement Benefits, Pension Plan Benefit Obligations, Cash Flows and Benefit Costs (Details)
$ in Millions
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Plan
Dec. 31, 2018
USD ($)
Plan
Dec. 31, 2017
USD ($)
Plan
Significant Assumptions Used to Measure Costs [Abstract]        
Liability, Defined Benefit Plan, Noncurrent   $ (235.9) $ (305.1)  
Pension Plan        
Defined Benefit Plan Disclosure [Line Items]        
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement [1]   0.0 (48.8) $ (48.2)
Defined Benefit Plan, Accumulated Benefit Obligation   872.0 845.0  
Change in Projected Benefit Obligation [Roll Forward]        
Obligation at Jan. 1 $ 942.2 907.0 1,035.1  
Service cost   25.4 28.0 27.8
Interest cost   37.1 35.2 40.7
Plan amendments   1.0 0.0  
Actuarial loss (gain)   61.7 (50.8)  
Defined Benefit Plan, Benefit Obligation, Contributions by Plan Participant   0.0 0.0  
Benefit payments   (90.0) (140.5)  
Obligation at Dec. 31   942.2 907.0 1,035.1
Defined Benefit Plan, Plan Assets, Payment for Settlement   105.0    
Change in Fair Value of Plan Assets [Roll Forward]        
Fair value of plan assets at Jan. 1 $ 815.2 710.6 824.5  
Actual return (loss) on plan assets   147.8 (36.5)  
Employer contributions   46.8 63.1  
Benefit payments   (90.0) (140.5)  
Fair value of plan assets at Dec. 31   815.2 710.6 824.5
Funded Status of Plans at Dec. 31 [Abstract]        
Funded status   (127.0) (196.4)  
Amounts Not Yet Recognized as Components of Net Periodic Benefit Cost [Abstract]        
Net loss   440.0 502.0  
Prior service (credit) cost   (0.2) (1.2)  
Total   439.8 500.8  
Amounts Not Yet Recognized as Components of Net Periodic Benefit Cost Have Been Recorded as Follows Based Upon Expected Recovery in Rates [Abstract]        
Current regulatory assets   29.3 35.5  
Noncurrent regulatory assets   410.5 465.3  
Total   $ 439.8 $ 500.8  
Significant Assumptions Used to Measure Benefit Obligations [Abstract]        
Discount rate for year-end valuation (as a percent)   3.49% 4.31%  
Expected average long-term increase in compensation level (as a percent)   3.75% 3.75%  
Cash Flows [Abstract]        
Total contributions to Xcel Energy's pension plans during the period   $ 47.0 $ 63.0 61.0
Components of Net Periodic Benefit Cost (Credit) [Abstract]        
Service cost   25.4 28.0 27.8
Interest cost   37.1 35.2 40.7
Expected return on plan assets   (54.3) (58.2) (60.1)
Amortization of prior service cost (credit)   (0.1) (0.1) 1.1
Amortization of net loss   30.2 38.5 39.6
Net periodic pension cost   38.3 92.2 97.3
Costs not recognized due to effects of regulation   (5.2) (66.0) (72.2)
Net benefit cost recognized for financial reporting   33.1 26.2 $ 25.1
Significant Assumptions Used to Measure Costs [Abstract]        
Defined Benefit Plan, Plan Assets, Contributions by Plan Participant   0.0 0.0  
Liability, Defined Benefit Plan, Current   0.0 0.0  
Liability, Defined Benefit Plan, Noncurrent   (127.0) (196.4)  
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position   $ (127.0) $ (196.4)  
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate   4.31% 3.63% 4.13%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase   3.75% 3.75% 3.75%
Amounts Not Yet Recognized As Components Of Net Periodic Benefit Cost Recorded As Deferred Income Taxes   $ 0.0 $ 0.0  
Amounts Not Yet Recognized As Components Of Net Periodic Benefit Cost Recorded As Net-Of-Tax Accumulated Other Comprehensive Income   0.0 0.0  
Defined Benefit Plan, Accumulated Benefit Obligation   $ (872.0) $ (845.0)  
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets   7.10% 7.10% 7.10%
Xcel Energy Inc. | Pension Plan        
Cash Flows [Abstract]        
Number of pension plans to which contributions were made | Plan   4 4 4
Total contributions to Xcel Energy's pension plans during the period   $ 154.0 $ 150.0 $ 162.0
Subsequent Event        
Cash Flows [Abstract]        
Number of pension plans to which contributions were made 4      
Significant Assumptions Used to Measure Costs [Abstract]        
Expected contribution to postretirement health care plans next year $ 7.0      
Subsequent Event | Pension Plan        
Cash Flows [Abstract]        
Total contributions to Xcel Energy's pension plans during the period 44.0      
Subsequent Event | Xcel Energy Inc.        
Significant Assumptions Used to Measure Costs [Abstract]        
Expected contribution to postretirement health care plans next year 10.0      
Subsequent Event | Xcel Energy Inc. | Pension Plan        
Cash Flows [Abstract]        
Total contributions to Xcel Energy's pension plans during the period $ 150.0      
[1] A settlement charge is required when the amount of lump-sum distributions during the year is greater than the sum of the service and interest cost components of the annual net periodic pension cost. In 2018 and 2017, as a result of lump-sum distributions during the 2018 and 2017 plan years, NSP-Minnesota recorded a total pension settlement charge of $48.8 million in 2018 and $48.2 million in 2017 ,