Benefit Plans and Other Postretirement Benefits (Tables)

3 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

Components of Net Periodic Benefit Cost (Credit)

Components of Net Periodic Benefit Cost

	Three Months Ended March 31
	2022		2021		2022		2021
(Millions of Dollars)	Pension Benefits				Postretirement Health Care Benefits
Service cost	$	7	$	7	$	—	$	—
Interest cost (a)	6		6		1		1
Expected return on plan assets (a)	(12)		(13)		—		—
Amortization of prior service credit (a)	—		—		(1)		(1)
Amortization of net loss (a)	6		9		—		—
Settlement charge (b)	(1)		—		—		—
Net periodic benefit cost	6		9		—		—
Effects of regulation	1		(1)		—		—
Net benefit cost recognized for financial reporting	$	7	$	8	$	—	$	—

(a)     The components of net periodic cost other than the service cost component are included in the line item “Other income, net” in the consolidated statements of income or capitalized on the consolidated balance sheets as a regulatory asset.

(b)     In the first quarter of 2022, NSP-Minnesota recognized $1 million in settlement charge true-ups related to fourth quarter 2021.

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[1] The components of net periodic cost other than the service cost component are included in the line item “Other income, net” in the consolidated statements of income or capitalized on the consolidated balance sheets as a regulatory asset.