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LTIP Units granted in 2023, 2022 and 2021 had a fair value of $ 45,468,000 , $ 15,446,000 and $ 26,194,000 , respectively. The fair value of LTIP Units that vested during the years ended December 31, 2023, 2022 and 2021 was $ 37,198,000 , $ 25,158,000 and $ 36,541,000 , respectively. | text | 25158000 | monetaryItemType | text: <entity> 25158000 </entity> <entity type> monetaryItemType </entity type> <context> LTIP Units granted in 2023, 2022 and 2021 had a fair value of $ 45,468,000 , $ 15,446,000 and $ 26,194,000 , respectively. The fair value of LTIP Units that vested during the years ended December 31, 2023, 2022 and 2021 was $ 37,198,000 , $ 25,158,000 and $ 36,541,000 , respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
LTIP Units granted in 2023, 2022 and 2021 had a fair value of $ 45,468,000 , $ 15,446,000 and $ 26,194,000 , respectively. The fair value of LTIP Units that vested during the years ended December 31, 2023, 2022 and 2021 was $ 37,198,000 , $ 25,158,000 and $ 36,541,000 , respectively. | text | 36541000 | monetaryItemType | text: <entity> 36541000 </entity> <entity type> monetaryItemType </entity type> <context> LTIP Units granted in 2023, 2022 and 2021 had a fair value of $ 45,468,000 , $ 15,446,000 and $ 26,194,000 , respectively. The fair value of LTIP Units that vested during the years ended December 31, 2023, 2022 and 2021 was $ 37,198,000 , $ 25,158,000 and $ 36,541,000 , respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
Vornado restricted stock awards are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant and generally vest over four years . Compensation expense related to Vornado’s restricted stock awards is recognized on a straight-line basis over the vesting period. Dividends paid on unvested Vornado restricted stock are charged directly to retained earnings and amounted to $ 2,000 , $ 18,000 and $ 35,000 for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 2000 | monetaryItemType | text: <entity> 2000 </entity> <entity type> monetaryItemType </entity type> <context> Vornado restricted stock awards are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant and generally vest over four years . Compensation expense related to Vornado’s restricted stock awards is recognized on a straight-line basis over the vesting period. Dividends paid on unvested Vornado restricted stock are charged directly to retained earnings and amounted to $ 2,000 , $ 18,000 and $ 35,000 for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:DividendsShareBasedCompensation |
Vornado restricted stock awards are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant and generally vest over four years . Compensation expense related to Vornado’s restricted stock awards is recognized on a straight-line basis over the vesting period. Dividends paid on unvested Vornado restricted stock are charged directly to retained earnings and amounted to $ 2,000 , $ 18,000 and $ 35,000 for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 18000 | monetaryItemType | text: <entity> 18000 </entity> <entity type> monetaryItemType </entity type> <context> Vornado restricted stock awards are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant and generally vest over four years . Compensation expense related to Vornado’s restricted stock awards is recognized on a straight-line basis over the vesting period. Dividends paid on unvested Vornado restricted stock are charged directly to retained earnings and amounted to $ 2,000 , $ 18,000 and $ 35,000 for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:DividendsShareBasedCompensation |
Vornado restricted stock awards are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant and generally vest over four years . Compensation expense related to Vornado’s restricted stock awards is recognized on a straight-line basis over the vesting period. Dividends paid on unvested Vornado restricted stock are charged directly to retained earnings and amounted to $ 2,000 , $ 18,000 and $ 35,000 for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 35000 | monetaryItemType | text: <entity> 35000 </entity> <entity type> monetaryItemType </entity type> <context> Vornado restricted stock awards are granted at the average of the high and low market price of Vornado’s common shares on the NYSE on the date of grant and generally vest over four years . Compensation expense related to Vornado’s restricted stock awards is recognized on a straight-line basis over the vesting period. Dividends paid on unvested Vornado restricted stock are charged directly to retained earnings and amounted to $ 2,000 , $ 18,000 and $ 35,000 for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:DividendsShareBasedCompensation |
There were no Vornado restricted stock awards granted during the years ended December 31, 2023, 2022 and 2021. The fair value of restricted stock that vested during the years ended December 31, 2023, 2022 and 2021 was $ 291,000 , $ 428,000 and $ 567,000 , respectively. | text | 291000 | monetaryItemType | text: <entity> 291000 </entity> <entity type> monetaryItemType </entity type> <context> There were no Vornado restricted stock awards granted during the years ended December 31, 2023, 2022 and 2021. The fair value of restricted stock that vested during the years ended December 31, 2023, 2022 and 2021 was $ 291,000 , $ 428,000 and $ 567,000 , respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
There were no Vornado restricted stock awards granted during the years ended December 31, 2023, 2022 and 2021. The fair value of restricted stock that vested during the years ended December 31, 2023, 2022 and 2021 was $ 291,000 , $ 428,000 and $ 567,000 , respectively. | text | 428000 | monetaryItemType | text: <entity> 428000 </entity> <entity type> monetaryItemType </entity type> <context> There were no Vornado restricted stock awards granted during the years ended December 31, 2023, 2022 and 2021. The fair value of restricted stock that vested during the years ended December 31, 2023, 2022 and 2021 was $ 291,000 , $ 428,000 and $ 567,000 , respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
There were no Vornado restricted stock awards granted during the years ended December 31, 2023, 2022 and 2021. The fair value of restricted stock that vested during the years ended December 31, 2023, 2022 and 2021 was $ 291,000 , $ 428,000 and $ 567,000 , respectively. | text | 567000 | monetaryItemType | text: <entity> 567000 </entity> <entity type> monetaryItemType </entity type> <context> There were no Vornado restricted stock awards granted during the years ended December 31, 2023, 2022 and 2021. The fair value of restricted stock that vested during the years ended December 31, 2023, 2022 and 2021 was $ 291,000 , $ 428,000 and $ 567,000 , respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The calculation of diluted income (loss) per common share for the years ended December 31, 2023, 2022, and 2021 excluded weighted average potential common shares of 3,458 , 1,706 , and 164 , respectively, as their effect was antidilutive. | text | 3458 | sharesItemType | text: <entity> 3458 </entity> <entity type> sharesItemType </entity type> <context> The calculation of diluted income (loss) per common share for the years ended December 31, 2023, 2022, and 2021 excluded weighted average potential common shares of 3,458 , 1,706 , and 164 , respectively, as their effect was antidilutive. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The calculation of diluted income (loss) per common share for the years ended December 31, 2023, 2022, and 2021 excluded weighted average potential common shares of 3,458 , 1,706 , and 164 , respectively, as their effect was antidilutive. | text | 1706 | sharesItemType | text: <entity> 1706 </entity> <entity type> sharesItemType </entity type> <context> The calculation of diluted income (loss) per common share for the years ended December 31, 2023, 2022, and 2021 excluded weighted average potential common shares of 3,458 , 1,706 , and 164 , respectively, as their effect was antidilutive. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The calculation of diluted income (loss) per common share for the years ended December 31, 2023, 2022, and 2021 excluded weighted average potential common shares of 3,458 , 1,706 , and 164 , respectively, as their effect was antidilutive. | text | 164 | sharesItemType | text: <entity> 164 </entity> <entity type> sharesItemType </entity type> <context> The calculation of diluted income (loss) per common share for the years ended December 31, 2023, 2022, and 2021 excluded weighted average potential common shares of 3,458 , 1,706 , and 164 , respectively, as their effect was antidilutive. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The calculation of diluted income (loss) per Class A unit for the years ended December 31, 2023, 2022, and 2021 excluded weighted average potential Class A units of 3,458 , 1,706 , and 164 , respectively, as their effect was antidilutive. | text | 3458 | sharesItemType | text: <entity> 3458 </entity> <entity type> sharesItemType </entity type> <context> The calculation of diluted income (loss) per Class A unit for the years ended December 31, 2023, 2022, and 2021 excluded weighted average potential Class A units of 3,458 , 1,706 , and 164 , respectively, as their effect was antidilutive. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The calculation of diluted income (loss) per Class A unit for the years ended December 31, 2023, 2022, and 2021 excluded weighted average potential Class A units of 3,458 , 1,706 , and 164 , respectively, as their effect was antidilutive. | text | 1706 | sharesItemType | text: <entity> 1706 </entity> <entity type> sharesItemType </entity type> <context> The calculation of diluted income (loss) per Class A unit for the years ended December 31, 2023, 2022, and 2021 excluded weighted average potential Class A units of 3,458 , 1,706 , and 164 , respectively, as their effect was antidilutive. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The calculation of diluted income (loss) per Class A unit for the years ended December 31, 2023, 2022, and 2021 excluded weighted average potential Class A units of 3,458 , 1,706 , and 164 , respectively, as their effect was antidilutive. | text | 164 | sharesItemType | text: <entity> 164 </entity> <entity type> sharesItemType </entity type> <context> The calculation of diluted income (loss) per Class A unit for the years ended December 31, 2023, 2022, and 2021 excluded weighted average potential Class A units of 3,458 , 1,706 , and 164 , respectively, as their effect was antidilutive. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
). As of December 31, 2023 and 2022, the carrying amount of assets related to our unconsolidated VIEs was $ 109,220,000 and $ 68,223,000 , respectively, included in “investments in partially owned entities” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2023 and 2022 was $ 196,394,000 and $ 68,223,000 , respectively, which includes our completion guarantee provided to the lender of the Pier 94 JV in 2023. | text | 109220000 | monetaryItemType | text: <entity> 109220000 </entity> <entity type> monetaryItemType </entity type> <context> ). As of December 31, 2023 and 2022, the carrying amount of assets related to our unconsolidated VIEs was $ 109,220,000 and $ 68,223,000 , respectively, included in “investments in partially owned entities” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2023 and 2022 was $ 196,394,000 and $ 68,223,000 , respectively, which includes our completion guarantee provided to the lender of the Pier 94 JV in 2023. </context> | us-gaap:Assets |
). As of December 31, 2023 and 2022, the carrying amount of assets related to our unconsolidated VIEs was $ 109,220,000 and $ 68,223,000 , respectively, included in “investments in partially owned entities” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2023 and 2022 was $ 196,394,000 and $ 68,223,000 , respectively, which includes our completion guarantee provided to the lender of the Pier 94 JV in 2023. | text | 68223000 | monetaryItemType | text: <entity> 68223000 </entity> <entity type> monetaryItemType </entity type> <context> ). As of December 31, 2023 and 2022, the carrying amount of assets related to our unconsolidated VIEs was $ 109,220,000 and $ 68,223,000 , respectively, included in “investments in partially owned entities” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2023 and 2022 was $ 196,394,000 and $ 68,223,000 , respectively, which includes our completion guarantee provided to the lender of the Pier 94 JV in 2023. </context> | us-gaap:Assets |
). As of December 31, 2023 and 2022, the carrying amount of assets related to our unconsolidated VIEs was $ 109,220,000 and $ 68,223,000 , respectively, included in “investments in partially owned entities” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2023 and 2022 was $ 196,394,000 and $ 68,223,000 , respectively, which includes our completion guarantee provided to the lender of the Pier 94 JV in 2023. | text | 196394000 | monetaryItemType | text: <entity> 196394000 </entity> <entity type> monetaryItemType </entity type> <context> ). As of December 31, 2023 and 2022, the carrying amount of assets related to our unconsolidated VIEs was $ 109,220,000 and $ 68,223,000 , respectively, included in “investments in partially owned entities” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2023 and 2022 was $ 196,394,000 and $ 68,223,000 , respectively, which includes our completion guarantee provided to the lender of the Pier 94 JV in 2023. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
). As of December 31, 2023 and 2022, the carrying amount of assets related to our unconsolidated VIEs was $ 109,220,000 and $ 68,223,000 , respectively, included in “investments in partially owned entities” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2023 and 2022 was $ 196,394,000 and $ 68,223,000 , respectively, which includes our completion guarantee provided to the lender of the Pier 94 JV in 2023. | text | 68223000 | monetaryItemType | text: <entity> 68223000 </entity> <entity type> monetaryItemType </entity type> <context> ). As of December 31, 2023 and 2022, the carrying amount of assets related to our unconsolidated VIEs was $ 109,220,000 and $ 68,223,000 , respectively, included in “investments in partially owned entities” on our consolidated balance sheets. Our maximum exposure to loss from our unconsolidated VIEs as of December 31, 2023 and 2022 was $ 196,394,000 and $ 68,223,000 , respectively, which includes our completion guarantee provided to the lender of the Pier 94 JV in 2023. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 respectively. As of December 31, 2022, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,423,995,000 and $ 2,345,726,000 , respectively. | text | 4901150000 | monetaryItemType | text: <entity> 4901150000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 respectively. As of December 31, 2022, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,423,995,000 and $ 2,345,726,000 , respectively. </context> | us-gaap:Assets |
As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 respectively. As of December 31, 2022, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,423,995,000 and $ 2,345,726,000 , respectively. | text | 2735826000 | monetaryItemType | text: <entity> 2735826000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 respectively. As of December 31, 2022, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,423,995,000 and $ 2,345,726,000 , respectively. </context> | us-gaap:Liabilities |
As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 respectively. As of December 31, 2022, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,423,995,000 and $ 2,345,726,000 , respectively. | text | 4423995000 | monetaryItemType | text: <entity> 4423995000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 respectively. As of December 31, 2022, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,423,995,000 and $ 2,345,726,000 , respectively. </context> | us-gaap:Assets |
As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 respectively. As of December 31, 2022, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,423,995,000 and $ 2,345,726,000 , respectively. | text | 2345726000 | monetaryItemType | text: <entity> 2345726000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,901,150,000 and $ 2,735,826,000 respectively. As of December 31, 2022, the total assets and liabilities of our consolidated VIEs, excluding the Operating Partnership, were $ 4,423,995,000 and $ 2,345,726,000 , respectively. </context> | us-gaap:Liabilities |
During the year ended December 31, 2023, we realized proceeds of $ 477,000 from maturing U.S. Treasury bills. | text | 477000 | monetaryItemType | text: <entity> 477000 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2023, we realized proceeds of $ 477,000 from maturing U.S. Treasury bills. </context> | us-gaap:ProceedsFromSaleOfShortTermInvestments |
In January 2024, we entered into a forward swap arrangement for the remaining $ 250,000 balance of the $ 500,000 PENN 11 mortgage loan which is effective upon the March 2024 expiration of the current in-place swap. Together with the forward swap above, the loan will bear interest at an all-in swapped rate of 6.28 % effective March 2024 through October 2025. | text | 250000 | monetaryItemType | text: <entity> 250000 </entity> <entity type> monetaryItemType </entity type> <context> In January 2024, we entered into a forward swap arrangement for the remaining $ 250,000 balance of the $ 500,000 PENN 11 mortgage loan which is effective upon the March 2024 expiration of the current in-place swap. Together with the forward swap above, the loan will bear interest at an all-in swapped rate of 6.28 % effective March 2024 through October 2025. </context> | us-gaap:DerivativeAssetNotionalAmount |
In January 2024, we entered into a forward swap arrangement for the remaining $ 250,000 balance of the $ 500,000 PENN 11 mortgage loan which is effective upon the March 2024 expiration of the current in-place swap. Together with the forward swap above, the loan will bear interest at an all-in swapped rate of 6.28 % effective March 2024 through October 2025. | text | 500000 | monetaryItemType | text: <entity> 500000 </entity> <entity type> monetaryItemType </entity type> <context> In January 2024, we entered into a forward swap arrangement for the remaining $ 250,000 balance of the $ 500,000 PENN 11 mortgage loan which is effective upon the March 2024 expiration of the current in-place swap. Together with the forward swap above, the loan will bear interest at an all-in swapped rate of 6.28 % effective March 2024 through October 2025. </context> | us-gaap:LongTermDebt |
In January 2024, we entered into a forward swap arrangement for the remaining $ 250,000 balance of the $ 500,000 PENN 11 mortgage loan which is effective upon the March 2024 expiration of the current in-place swap. Together with the forward swap above, the loan will bear interest at an all-in swapped rate of 6.28 % effective March 2024 through October 2025. | text | 6.28 | percentItemType | text: <entity> 6.28 </entity> <entity type> percentItemType </entity type> <context> In January 2024, we entered into a forward swap arrangement for the remaining $ 250,000 balance of the $ 500,000 PENN 11 mortgage loan which is effective upon the March 2024 expiration of the current in-place swap. Together with the forward swap above, the loan will bear interest at an all-in swapped rate of 6.28 % effective March 2024 through October 2025. </context> | us-gaap:DerivativeFixedInterestRate |
2022 includes the fair value of a $ 100,000 notional swap which expired in October 2023. | text | 100000 | monetaryItemType | text: <entity> 100000 </entity> <entity type> monetaryItemType </entity type> <context> 2022 includes the fair value of a $ 100,000 notional swap which expired in October 2023. </context> | us-gaap:DerivativeAssetNotionalAmount |
The remaining $ 59,800 mortgage loan balance bears interest at a floating rate of SOFR plus 1.80 % ( 7.14 % as of December 31, 2023). | text | 59800 | monetaryItemType | text: <entity> 59800 </entity> <entity type> monetaryItemType </entity type> <context> The remaining $ 59,800 mortgage loan balance bears interest at a floating rate of SOFR plus 1.80 % ( 7.14 % as of December 31, 2023). </context> | us-gaap:LongTermDebt |
The remaining $ 59,800 mortgage loan balance bears interest at a floating rate of SOFR plus 1.80 % ( 7.14 % as of December 31, 2023). | text | 1.80 | percentItemType | text: <entity> 1.80 </entity> <entity type> percentItemType </entity type> <context> The remaining $ 59,800 mortgage loan balance bears interest at a floating rate of SOFR plus 1.80 % ( 7.14 % as of December 31, 2023). </context> | us-gaap:DerivativeBasisSpreadOnVariableRate |
The remaining $ 59,800 mortgage loan balance bears interest at a floating rate of SOFR plus 1.80 % ( 7.14 % as of December 31, 2023). | text | 7.14 | percentItemType | text: <entity> 7.14 </entity> <entity type> percentItemType </entity type> <context> The remaining $ 59,800 mortgage loan balance bears interest at a floating rate of SOFR plus 1.80 % ( 7.14 % as of December 31, 2023). </context> | us-gaap:DerivativeVariableInterestRate |
The remaining $ 21,800 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50 % ( 6.84 % as of December 31, 2023). | text | 21800 | monetaryItemType | text: <entity> 21800 </entity> <entity type> monetaryItemType </entity type> <context> The remaining $ 21,800 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50 % ( 6.84 % as of December 31, 2023). </context> | us-gaap:LongTermDebt |
The remaining $ 21,800 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50 % ( 6.84 % as of December 31, 2023). | text | 1.50 | percentItemType | text: <entity> 1.50 </entity> <entity type> percentItemType </entity type> <context> The remaining $ 21,800 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50 % ( 6.84 % as of December 31, 2023). </context> | us-gaap:DerivativeBasisSpreadOnVariableRate |
The remaining $ 21,800 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50 % ( 6.84 % as of December 31, 2023). | text | 6.84 | percentItemType | text: <entity> 6.84 </entity> <entity type> percentItemType </entity type> <context> The remaining $ 21,800 mortgage loan balance bears interest at a floating rate of SOFR plus 1.50 % ( 6.84 % as of December 31, 2023). </context> | us-gaap:DerivativeVariableInterestRate |
Current SOFR strike rate of 1.00 %. In connection with the arrangement, we made a $ 63,100 up-front payment, of which $ 18,930 was attributable to noncontrolling interests. See Note 9 - | text | 1.00 | percentItemType | text: <entity> 1.00 </entity> <entity type> percentItemType </entity type> <context> Current SOFR strike rate of 1.00 %. In connection with the arrangement, we made a $ 63,100 up-front payment, of which $ 18,930 was attributable to noncontrolling interests. See Note 9 - </context> | us-gaap:DerivativeCapInterestRate |
Current SOFR cap strike rate of 3.89 %. In March 2023, we entered into a forward cap arrangement which is effective upon the March 2024 expiration of the current in-place cap and expires in March 2025. The forward cap has a SOFR strike rate of 3.89 %. | text | 3.89 | percentItemType | text: <entity> 3.89 </entity> <entity type> percentItemType </entity type> <context> Current SOFR cap strike rate of 3.89 %. In March 2023, we entered into a forward cap arrangement which is effective upon the March 2024 expiration of the current in-place cap and expires in March 2025. The forward cap has a SOFR strike rate of 3.89 %. </context> | us-gaap:DerivativeCapInterestRate |
Excludes $ 53,163 and $ 63,572 of deferred financing costs, net and other as of December 31, 2023 and 2022, respectively. | text | 53163 | monetaryItemType | text: <entity> 53163 </entity> <entity type> monetaryItemType </entity type> <context> Excludes $ 53,163 and $ 63,572 of deferred financing costs, net and other as of December 31, 2023 and 2022, respectively. </context> | us-gaap:DeferredFinanceCostsNet |
Excludes $ 53,163 and $ 63,572 of deferred financing costs, net and other as of December 31, 2023 and 2022, respectively. | text | 63572 | monetaryItemType | text: <entity> 63572 </entity> <entity type> monetaryItemType </entity type> <context> Excludes $ 53,163 and $ 63,572 of deferred financing costs, net and other as of December 31, 2023 and 2022, respectively. </context> | us-gaap:DeferredFinanceCostsNet |
We have a number of ground leases which are classified as operating leases. As of December 31, 2023, our ROU assets and lease liabilities were $ 680,044,000 and $ 732,859,000 , respectively. As of December 31, 2022, our ROU assets and lease liabilities were $ 684,380,000 and $ 735,969,000 , respectively. | text | 680044000 | monetaryItemType | text: <entity> 680044000 </entity> <entity type> monetaryItemType </entity type> <context> We have a number of ground leases which are classified as operating leases. As of December 31, 2023, our ROU assets and lease liabilities were $ 680,044,000 and $ 732,859,000 , respectively. As of December 31, 2022, our ROU assets and lease liabilities were $ 684,380,000 and $ 735,969,000 , respectively. </context> | us-gaap:OperatingLeaseRightOfUseAsset |
We have a number of ground leases which are classified as operating leases. As of December 31, 2023, our ROU assets and lease liabilities were $ 680,044,000 and $ 732,859,000 , respectively. As of December 31, 2022, our ROU assets and lease liabilities were $ 684,380,000 and $ 735,969,000 , respectively. | text | 732859000 | monetaryItemType | text: <entity> 732859000 </entity> <entity type> monetaryItemType </entity type> <context> We have a number of ground leases which are classified as operating leases. As of December 31, 2023, our ROU assets and lease liabilities were $ 680,044,000 and $ 732,859,000 , respectively. As of December 31, 2022, our ROU assets and lease liabilities were $ 684,380,000 and $ 735,969,000 , respectively. </context> | us-gaap:OperatingLeaseLiability |
We have a number of ground leases which are classified as operating leases. As of December 31, 2023, our ROU assets and lease liabilities were $ 680,044,000 and $ 732,859,000 , respectively. As of December 31, 2022, our ROU assets and lease liabilities were $ 684,380,000 and $ 735,969,000 , respectively. | text | 684380000 | monetaryItemType | text: <entity> 684380000 </entity> <entity type> monetaryItemType </entity type> <context> We have a number of ground leases which are classified as operating leases. As of December 31, 2023, our ROU assets and lease liabilities were $ 680,044,000 and $ 732,859,000 , respectively. As of December 31, 2022, our ROU assets and lease liabilities were $ 684,380,000 and $ 735,969,000 , respectively. </context> | us-gaap:OperatingLeaseRightOfUseAsset |
We have a number of ground leases which are classified as operating leases. As of December 31, 2023, our ROU assets and lease liabilities were $ 680,044,000 and $ 732,859,000 , respectively. As of December 31, 2022, our ROU assets and lease liabilities were $ 684,380,000 and $ 735,969,000 , respectively. | text | 735969000 | monetaryItemType | text: <entity> 735969000 </entity> <entity type> monetaryItemType </entity type> <context> We have a number of ground leases which are classified as operating leases. As of December 31, 2023, our ROU assets and lease liabilities were $ 680,044,000 and $ 732,859,000 , respectively. As of December 31, 2022, our ROU assets and lease liabilities were $ 684,380,000 and $ 735,969,000 , respectively. </context> | us-gaap:OperatingLeaseLiability |
The future lease payments detailed above exclude the ground and building lease at the Farley Building. The consolidated joint venture, in which we own a 95 % controlling interest, has a 99 -year triple-net lease with Empire State Development ("ESD") for 847,000 rentable square feet of commercial space at the property, comprised of approximately 730,000 square feet of office space and approximately 117,000 square feet of restaurant and retail space. Our lease of the commercial space at the property is accounted for as a “failed sale-leaseback” as a result of us being deemed the "accounting owner" during development of the property in accordance with ASC 842-40-55 and the lease subsequently meeting "finance lease" classification pursuant to ASC 842-40-25 upon substantial completion. The lease calls for annual rent payments and fixed payments in lieu of real estate taxes ("PILOT") through June 2030. Following the fixed PILOT payment period, the PILOT is calculated in a manner consistent with buildings subject to New York City real estate taxes and assessments. As of December 31, 2023, future rent and fixed PILOT payments are $ 527,379,000 . | text | 95 | percentItemType | text: <entity> 95 </entity> <entity type> percentItemType </entity type> <context> The future lease payments detailed above exclude the ground and building lease at the Farley Building. The consolidated joint venture, in which we own a 95 % controlling interest, has a 99 -year triple-net lease with Empire State Development ("ESD") for 847,000 rentable square feet of commercial space at the property, comprised of approximately 730,000 square feet of office space and approximately 117,000 square feet of restaurant and retail space. Our lease of the commercial space at the property is accounted for as a “failed sale-leaseback” as a result of us being deemed the "accounting owner" during development of the property in accordance with ASC 842-40-55 and the lease subsequently meeting "finance lease" classification pursuant to ASC 842-40-25 upon substantial completion. The lease calls for annual rent payments and fixed payments in lieu of real estate taxes ("PILOT") through June 2030. Following the fixed PILOT payment period, the PILOT is calculated in a manner consistent with buildings subject to New York City real estate taxes and assessments. As of December 31, 2023, future rent and fixed PILOT payments are $ 527,379,000 . </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
During the years ended December 31, 2023, 2022 and 2021, we contributed $ 7,913,000 , $ 7,761,000 and $ 19,851,000 , respectively, towards Multiemployer Pension Plans, which is included as a component of “operating” expenses on our consolidated statements of income. During the year ended December 31, 2021, the Company funded its pension withdrawal liability in relation to the permanent closure of Hotel Pennsylvania which resulted in the Company funding more than 5% of total employer contributions to the related plan for the year. For our other Multiemployer Pension Plans, our subsidiaries’ contributions did not represent more than 5% of total employer contributions for the years ended December 31, 2023, 2022 and 2021. | text | 7913000 | monetaryItemType | text: <entity> 7913000 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2023, 2022 and 2021, we contributed $ 7,913,000 , $ 7,761,000 and $ 19,851,000 , respectively, towards Multiemployer Pension Plans, which is included as a component of “operating” expenses on our consolidated statements of income. During the year ended December 31, 2021, the Company funded its pension withdrawal liability in relation to the permanent closure of Hotel Pennsylvania which resulted in the Company funding more than 5% of total employer contributions to the related plan for the year. For our other Multiemployer Pension Plans, our subsidiaries’ contributions did not represent more than 5% of total employer contributions for the years ended December 31, 2023, 2022 and 2021. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
During the years ended December 31, 2023, 2022 and 2021, we contributed $ 7,913,000 , $ 7,761,000 and $ 19,851,000 , respectively, towards Multiemployer Pension Plans, which is included as a component of “operating” expenses on our consolidated statements of income. During the year ended December 31, 2021, the Company funded its pension withdrawal liability in relation to the permanent closure of Hotel Pennsylvania which resulted in the Company funding more than 5% of total employer contributions to the related plan for the year. For our other Multiemployer Pension Plans, our subsidiaries’ contributions did not represent more than 5% of total employer contributions for the years ended December 31, 2023, 2022 and 2021. | text | 7761000 | monetaryItemType | text: <entity> 7761000 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2023, 2022 and 2021, we contributed $ 7,913,000 , $ 7,761,000 and $ 19,851,000 , respectively, towards Multiemployer Pension Plans, which is included as a component of “operating” expenses on our consolidated statements of income. During the year ended December 31, 2021, the Company funded its pension withdrawal liability in relation to the permanent closure of Hotel Pennsylvania which resulted in the Company funding more than 5% of total employer contributions to the related plan for the year. For our other Multiemployer Pension Plans, our subsidiaries’ contributions did not represent more than 5% of total employer contributions for the years ended December 31, 2023, 2022 and 2021. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
During the years ended December 31, 2023, 2022 and 2021, we contributed $ 7,913,000 , $ 7,761,000 and $ 19,851,000 , respectively, towards Multiemployer Pension Plans, which is included as a component of “operating” expenses on our consolidated statements of income. During the year ended December 31, 2021, the Company funded its pension withdrawal liability in relation to the permanent closure of Hotel Pennsylvania which resulted in the Company funding more than 5% of total employer contributions to the related plan for the year. For our other Multiemployer Pension Plans, our subsidiaries’ contributions did not represent more than 5% of total employer contributions for the years ended December 31, 2023, 2022 and 2021. | text | 19851000 | monetaryItemType | text: <entity> 19851000 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2023, 2022 and 2021, we contributed $ 7,913,000 , $ 7,761,000 and $ 19,851,000 , respectively, towards Multiemployer Pension Plans, which is included as a component of “operating” expenses on our consolidated statements of income. During the year ended December 31, 2021, the Company funded its pension withdrawal liability in relation to the permanent closure of Hotel Pennsylvania which resulted in the Company funding more than 5% of total employer contributions to the related plan for the year. For our other Multiemployer Pension Plans, our subsidiaries’ contributions did not represent more than 5% of total employer contributions for the years ended December 31, 2023, 2022 and 2021. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
Multiemployer Health Plans in which our subsidiaries participate provide health benefits to eligible active and retired employees. During the years ended December 31, 2023, 2022 and 2021, our subsidiaries contributed $ 28,764,000 , $ 26,514,000 and $ 23,431,000 , respectively, towards these plans, which is included as a component of “operating” expenses on our consolidated statements of income. | text | 28764000 | monetaryItemType | text: <entity> 28764000 </entity> <entity type> monetaryItemType </entity type> <context> Multiemployer Health Plans in which our subsidiaries participate provide health benefits to eligible active and retired employees. During the years ended December 31, 2023, 2022 and 2021, our subsidiaries contributed $ 28,764,000 , $ 26,514,000 and $ 23,431,000 , respectively, towards these plans, which is included as a component of “operating” expenses on our consolidated statements of income. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
Multiemployer Health Plans in which our subsidiaries participate provide health benefits to eligible active and retired employees. During the years ended December 31, 2023, 2022 and 2021, our subsidiaries contributed $ 28,764,000 , $ 26,514,000 and $ 23,431,000 , respectively, towards these plans, which is included as a component of “operating” expenses on our consolidated statements of income. | text | 26514000 | monetaryItemType | text: <entity> 26514000 </entity> <entity type> monetaryItemType </entity type> <context> Multiemployer Health Plans in which our subsidiaries participate provide health benefits to eligible active and retired employees. During the years ended December 31, 2023, 2022 and 2021, our subsidiaries contributed $ 28,764,000 , $ 26,514,000 and $ 23,431,000 , respectively, towards these plans, which is included as a component of “operating” expenses on our consolidated statements of income. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
Multiemployer Health Plans in which our subsidiaries participate provide health benefits to eligible active and retired employees. During the years ended December 31, 2023, 2022 and 2021, our subsidiaries contributed $ 28,764,000 , $ 26,514,000 and $ 23,431,000 , respectively, towards these plans, which is included as a component of “operating” expenses on our consolidated statements of income. | text | 23431000 | monetaryItemType | text: <entity> 23431000 </entity> <entity type> monetaryItemType </entity type> <context> Multiemployer Health Plans in which our subsidiaries participate provide health benefits to eligible active and retired employees. During the years ended December 31, 2023, 2022 and 2021, our subsidiaries contributed $ 28,764,000 , $ 26,514,000 and $ 23,431,000 , respectively, towards these plans, which is included as a component of “operating” expenses on our consolidated statements of income. </context> | us-gaap:MultiemployerPlanEmployerContributionCost |
In July 2018, we leased 78,000 square feet at 345 Montgomery Street in San Francisco, CA, to a subsidiary of Regus PLC, for an initial term of 15 years. The obligations under the lease were guaranteed by Regus PLC in an amount of up to $ 90,000,000 . The tenant purported to terminate the lease prior to space delivery. We commenced a suit on October 23, 2019 seeking to enforce the lease and the guaranty. On May 11, 2021, the court issued a final statement of decision in our favor and on January 31, 2023, the Court of Appeal affirmed the lower court's decision. On October 9, 2020, the successor to Regus PLC filed for bankruptcy in Luxembourg. In April 2023, we entered into a settlement with affiliates of the successor to Regus PLC, pursuant to which we agreed to discontinue all legal proceedings against the Regus PLC successor and its affiliates in exchange for a payment to us of $ 21,350,000 , which is included in “rental revenues” on our consolidated statements of income for the year ended December 31, 2023, of which $ 6,405,000 is attributable to noncontrolling interest. | text | 90000000 | monetaryItemType | text: <entity> 90000000 </entity> <entity type> monetaryItemType </entity type> <context> In July 2018, we leased 78,000 square feet at 345 Montgomery Street in San Francisco, CA, to a subsidiary of Regus PLC, for an initial term of 15 years. The obligations under the lease were guaranteed by Regus PLC in an amount of up to $ 90,000,000 . The tenant purported to terminate the lease prior to space delivery. We commenced a suit on October 23, 2019 seeking to enforce the lease and the guaranty. On May 11, 2021, the court issued a final statement of decision in our favor and on January 31, 2023, the Court of Appeal affirmed the lower court's decision. On October 9, 2020, the successor to Regus PLC filed for bankruptcy in Luxembourg. In April 2023, we entered into a settlement with affiliates of the successor to Regus PLC, pursuant to which we agreed to discontinue all legal proceedings against the Regus PLC successor and its affiliates in exchange for a payment to us of $ 21,350,000 , which is included in “rental revenues” on our consolidated statements of income for the year ended December 31, 2023, of which $ 6,405,000 is attributable to noncontrolling interest. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
In July 2018, we leased 78,000 square feet at 345 Montgomery Street in San Francisco, CA, to a subsidiary of Regus PLC, for an initial term of 15 years. The obligations under the lease were guaranteed by Regus PLC in an amount of up to $ 90,000,000 . The tenant purported to terminate the lease prior to space delivery. We commenced a suit on October 23, 2019 seeking to enforce the lease and the guaranty. On May 11, 2021, the court issued a final statement of decision in our favor and on January 31, 2023, the Court of Appeal affirmed the lower court's decision. On October 9, 2020, the successor to Regus PLC filed for bankruptcy in Luxembourg. In April 2023, we entered into a settlement with affiliates of the successor to Regus PLC, pursuant to which we agreed to discontinue all legal proceedings against the Regus PLC successor and its affiliates in exchange for a payment to us of $ 21,350,000 , which is included in “rental revenues” on our consolidated statements of income for the year ended December 31, 2023, of which $ 6,405,000 is attributable to noncontrolling interest. | text | 21350000 | monetaryItemType | text: <entity> 21350000 </entity> <entity type> monetaryItemType </entity type> <context> In July 2018, we leased 78,000 square feet at 345 Montgomery Street in San Francisco, CA, to a subsidiary of Regus PLC, for an initial term of 15 years. The obligations under the lease were guaranteed by Regus PLC in an amount of up to $ 90,000,000 . The tenant purported to terminate the lease prior to space delivery. We commenced a suit on October 23, 2019 seeking to enforce the lease and the guaranty. On May 11, 2021, the court issued a final statement of decision in our favor and on January 31, 2023, the Court of Appeal affirmed the lower court's decision. On October 9, 2020, the successor to Regus PLC filed for bankruptcy in Luxembourg. In April 2023, we entered into a settlement with affiliates of the successor to Regus PLC, pursuant to which we agreed to discontinue all legal proceedings against the Regus PLC successor and its affiliates in exchange for a payment to us of $ 21,350,000 , which is included in “rental revenues” on our consolidated statements of income for the year ended December 31, 2023, of which $ 6,405,000 is attributable to noncontrolling interest. </context> | us-gaap:LossContingencyDamagesAwardedValue |
In July 2018, we leased 78,000 square feet at 345 Montgomery Street in San Francisco, CA, to a subsidiary of Regus PLC, for an initial term of 15 years. The obligations under the lease were guaranteed by Regus PLC in an amount of up to $ 90,000,000 . The tenant purported to terminate the lease prior to space delivery. We commenced a suit on October 23, 2019 seeking to enforce the lease and the guaranty. On May 11, 2021, the court issued a final statement of decision in our favor and on January 31, 2023, the Court of Appeal affirmed the lower court's decision. On October 9, 2020, the successor to Regus PLC filed for bankruptcy in Luxembourg. In April 2023, we entered into a settlement with affiliates of the successor to Regus PLC, pursuant to which we agreed to discontinue all legal proceedings against the Regus PLC successor and its affiliates in exchange for a payment to us of $ 21,350,000 , which is included in “rental revenues” on our consolidated statements of income for the year ended December 31, 2023, of which $ 6,405,000 is attributable to noncontrolling interest. | text | 6405000 | monetaryItemType | text: <entity> 6405000 </entity> <entity type> monetaryItemType </entity type> <context> In July 2018, we leased 78,000 square feet at 345 Montgomery Street in San Francisco, CA, to a subsidiary of Regus PLC, for an initial term of 15 years. The obligations under the lease were guaranteed by Regus PLC in an amount of up to $ 90,000,000 . The tenant purported to terminate the lease prior to space delivery. We commenced a suit on October 23, 2019 seeking to enforce the lease and the guaranty. On May 11, 2021, the court issued a final statement of decision in our favor and on January 31, 2023, the Court of Appeal affirmed the lower court's decision. On October 9, 2020, the successor to Regus PLC filed for bankruptcy in Luxembourg. In April 2023, we entered into a settlement with affiliates of the successor to Regus PLC, pursuant to which we agreed to discontinue all legal proceedings against the Regus PLC successor and its affiliates in exchange for a payment to us of $ 21,350,000 , which is included in “rental revenues” on our consolidated statements of income for the year ended December 31, 2023, of which $ 6,405,000 is attributable to noncontrolling interest. </context> | us-gaap:LossContingencyDamagesAwardedValue |
As of December 31, 2023, $ 30,233,000 of letters of credit were outstanding under one of our unsecured revolving credit facilities. Our unsecured revolving credit facilities contain financial covenants that require us to maintain minimum interest coverage and maximum debt to market capitalization ratios, and provide for increased interest rates in the event of a decline in the credit rating assigned to our senior unsecured notes. Our unsecured revolving credit facilities also contain customary conditions precedent to borrowing, including representations and warranties, and also contain customary events of default that could give rise to accelerated repayment, including such items as failure to pay interest or principal. | text | 30233000 | monetaryItemType | text: <entity> 30233000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, $ 30,233,000 of letters of credit were outstanding under one of our unsecured revolving credit facilities. Our unsecured revolving credit facilities contain financial covenants that require us to maintain minimum interest coverage and maximum debt to market capitalization ratios, and provide for increased interest rates in the event of a decline in the credit rating assigned to our senior unsecured notes. Our unsecured revolving credit facilities also contain customary conditions precedent to borrowing, including representations and warranties, and also contain customary events of default that could give rise to accelerated repayment, including such items as failure to pay interest or principal. </context> | us-gaap:LettersOfCreditOutstandingAmount |
Our 95 % consolidated joint venture ( 5 % is owned by Related Companies ("Related")) developed and owns the Farley Building. In connection with the development of the property, the joint venture admitted a historic Tax Credit Investor partner. Under the terms of the historic tax credit arrangement, the joint venture is required to comply with various laws, regulations, and contractual provisions. Non-compliance with applicable requirements could result in projected tax benefits not being realized and, therefore, may require a refund or reduction of the Tax Credit Investor’s capital contributions. As of December 31, 2023, the Tax Credit Investor has made $ 205,068,000 in capital contributions. Vornado and Related have guaranteed certain of the joint venture’s obligations to the Tax Credit Investor. | text | 95 | percentItemType | text: <entity> 95 </entity> <entity type> percentItemType </entity type> <context> Our 95 % consolidated joint venture ( 5 % is owned by Related Companies ("Related")) developed and owns the Farley Building. In connection with the development of the property, the joint venture admitted a historic Tax Credit Investor partner. Under the terms of the historic tax credit arrangement, the joint venture is required to comply with various laws, regulations, and contractual provisions. Non-compliance with applicable requirements could result in projected tax benefits not being realized and, therefore, may require a refund or reduction of the Tax Credit Investor’s capital contributions. As of December 31, 2023, the Tax Credit Investor has made $ 205,068,000 in capital contributions. Vornado and Related have guaranteed certain of the joint venture’s obligations to the Tax Credit Investor. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
Our 95 % consolidated joint venture ( 5 % is owned by Related Companies ("Related")) developed and owns the Farley Building. In connection with the development of the property, the joint venture admitted a historic Tax Credit Investor partner. Under the terms of the historic tax credit arrangement, the joint venture is required to comply with various laws, regulations, and contractual provisions. Non-compliance with applicable requirements could result in projected tax benefits not being realized and, therefore, may require a refund or reduction of the Tax Credit Investor’s capital contributions. As of December 31, 2023, the Tax Credit Investor has made $ 205,068,000 in capital contributions. Vornado and Related have guaranteed certain of the joint venture’s obligations to the Tax Credit Investor. | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> Our 95 % consolidated joint venture ( 5 % is owned by Related Companies ("Related")) developed and owns the Farley Building. In connection with the development of the property, the joint venture admitted a historic Tax Credit Investor partner. Under the terms of the historic tax credit arrangement, the joint venture is required to comply with various laws, regulations, and contractual provisions. Non-compliance with applicable requirements could result in projected tax benefits not being realized and, therefore, may require a refund or reduction of the Tax Credit Investor’s capital contributions. As of December 31, 2023, the Tax Credit Investor has made $ 205,068,000 in capital contributions. Vornado and Related have guaranteed certain of the joint venture’s obligations to the Tax Credit Investor. </context> | us-gaap:EquityMethodInvestmentOwnershipPercentage |
Our 95 % consolidated joint venture ( 5 % is owned by Related Companies ("Related")) developed and owns the Farley Building. In connection with the development of the property, the joint venture admitted a historic Tax Credit Investor partner. Under the terms of the historic tax credit arrangement, the joint venture is required to comply with various laws, regulations, and contractual provisions. Non-compliance with applicable requirements could result in projected tax benefits not being realized and, therefore, may require a refund or reduction of the Tax Credit Investor’s capital contributions. As of December 31, 2023, the Tax Credit Investor has made $ 205,068,000 in capital contributions. Vornado and Related have guaranteed certain of the joint venture’s obligations to the Tax Credit Investor. | text | 205068000 | monetaryItemType | text: <entity> 205068000 </entity> <entity type> monetaryItemType </entity type> <context> Our 95 % consolidated joint venture ( 5 % is owned by Related Companies ("Related")) developed and owns the Farley Building. In connection with the development of the property, the joint venture admitted a historic Tax Credit Investor partner. Under the terms of the historic tax credit arrangement, the joint venture is required to comply with various laws, regulations, and contractual provisions. Non-compliance with applicable requirements could result in projected tax benefits not being realized and, therefore, may require a refund or reduction of the Tax Credit Investor’s capital contributions. As of December 31, 2023, the Tax Credit Investor has made $ 205,068,000 in capital contributions. Vornado and Related have guaranteed certain of the joint venture’s obligations to the Tax Credit Investor. </context> | us-gaap:OtherOwnershipInterestsValue |
As of December 31, 2023, we have construction commitments aggregating approximately $ 91,372,000 . | text | 91372000 | monetaryItemType | text: <entity> 91372000 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, we have construction commitments aggregating approximately $ 91,372,000 . </context> | us-gaap:OtherCommitment |
We manage and lease the real estate assets of Interstate pursuant to a management agreement for which we receive an annual fee equal to 4 % of annual base rent and percentage rent. The management agreement has a term of one year and is automatically renewable unless terminated by either of the parties on 60 days’ notice at the end of the term. We believe, based upon comparable fees charged by other real estate companies, that the management agreement terms are consistent with the market. We earned $ 206,000 , $ 204,000 , and $ 203,000 of management fees under the agreement for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 4 | percentItemType | text: <entity> 4 </entity> <entity type> percentItemType </entity type> <context> We manage and lease the real estate assets of Interstate pursuant to a management agreement for which we receive an annual fee equal to 4 % of annual base rent and percentage rent. The management agreement has a term of one year and is automatically renewable unless terminated by either of the parties on 60 days’ notice at the end of the term. We believe, based upon comparable fees charged by other real estate companies, that the management agreement terms are consistent with the market. We earned $ 206,000 , $ 204,000 , and $ 203,000 of management fees under the agreement for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:PropertyManagementFeePercentFee |
We manage and lease the real estate assets of Interstate pursuant to a management agreement for which we receive an annual fee equal to 4 % of annual base rent and percentage rent. The management agreement has a term of one year and is automatically renewable unless terminated by either of the parties on 60 days’ notice at the end of the term. We believe, based upon comparable fees charged by other real estate companies, that the management agreement terms are consistent with the market. We earned $ 206,000 , $ 204,000 , and $ 203,000 of management fees under the agreement for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 206000 | monetaryItemType | text: <entity> 206000 </entity> <entity type> monetaryItemType </entity type> <context> We manage and lease the real estate assets of Interstate pursuant to a management agreement for which we receive an annual fee equal to 4 % of annual base rent and percentage rent. The management agreement has a term of one year and is automatically renewable unless terminated by either of the parties on 60 days’ notice at the end of the term. We believe, based upon comparable fees charged by other real estate companies, that the management agreement terms are consistent with the market. We earned $ 206,000 , $ 204,000 , and $ 203,000 of management fees under the agreement for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:PropertyManagementFeeRevenue |
We manage and lease the real estate assets of Interstate pursuant to a management agreement for which we receive an annual fee equal to 4 % of annual base rent and percentage rent. The management agreement has a term of one year and is automatically renewable unless terminated by either of the parties on 60 days’ notice at the end of the term. We believe, based upon comparable fees charged by other real estate companies, that the management agreement terms are consistent with the market. We earned $ 206,000 , $ 204,000 , and $ 203,000 of management fees under the agreement for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 204000 | monetaryItemType | text: <entity> 204000 </entity> <entity type> monetaryItemType </entity type> <context> We manage and lease the real estate assets of Interstate pursuant to a management agreement for which we receive an annual fee equal to 4 % of annual base rent and percentage rent. The management agreement has a term of one year and is automatically renewable unless terminated by either of the parties on 60 days’ notice at the end of the term. We believe, based upon comparable fees charged by other real estate companies, that the management agreement terms are consistent with the market. We earned $ 206,000 , $ 204,000 , and $ 203,000 of management fees under the agreement for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:PropertyManagementFeeRevenue |
We manage and lease the real estate assets of Interstate pursuant to a management agreement for which we receive an annual fee equal to 4 % of annual base rent and percentage rent. The management agreement has a term of one year and is automatically renewable unless terminated by either of the parties on 60 days’ notice at the end of the term. We believe, based upon comparable fees charged by other real estate companies, that the management agreement terms are consistent with the market. We earned $ 206,000 , $ 204,000 , and $ 203,000 of management fees under the agreement for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 203000 | monetaryItemType | text: <entity> 203000 </entity> <entity type> monetaryItemType </entity type> <context> We manage and lease the real estate assets of Interstate pursuant to a management agreement for which we receive an annual fee equal to 4 % of annual base rent and percentage rent. The management agreement has a term of one year and is automatically renewable unless terminated by either of the parties on 60 days’ notice at the end of the term. We believe, based upon comparable fees charged by other real estate companies, that the management agreement terms are consistent with the market. We earned $ 206,000 , $ 204,000 , and $ 203,000 of management fees under the agreement for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:PropertyManagementFeeRevenue |
We operate in two reportable segments, New York and Other, which is based on how we manage our business. | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> We operate in two reportable segments, New York and Other, which is based on how we manage our business. </context> | us-gaap:NumberOfReportableSegments |
As of December 31, 2023, TEP's future minimum operating lease payments, excluding payments to lessors for variable costs, are $ 1 million or less in each year from 2024 through 2028 and $ 3 million thereafter. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, TEP's future minimum operating lease payments, excluding payments to lessors for variable costs, are $ 1 million or less in each year from 2024 through 2028 and $ 3 million thereafter. </context> | us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive |
a 6.93 % return on original cost rate base of $ 3.6 billion, which includes a return on equity of 9.55 % and an average cost of debt of 3.82 %; | text | 9.55 | percentItemType | text: <entity> 9.55 </entity> <entity type> percentItemType </entity type> <context> a 6.93 % return on original cost rate base of $ 3.6 billion, which includes a return on equity of 9.55 % and an average cost of debt of 3.82 %; </context> | us-gaap:PublicUtilitiesApprovedReturnOnEquityPercentage |
a capital structure for rate making purposes of approximately 54 % common equity and 46 % long-term debt; | text | 54 | percentItemType | text: <entity> 54 </entity> <entity type> percentItemType </entity type> <context> a capital structure for rate making purposes of approximately 54 % common equity and 46 % long-term debt; </context> | us-gaap:PublicUtilitiesApprovedEquityCapitalStructurePercentage |
a capital structure for rate making purposes of approximately 54 % common equity and 46 % long-term debt; | text | 46 | percentItemType | text: <entity> 46 </entity> <entity type> percentItemType </entity type> <context> a capital structure for rate making purposes of approximately 54 % common equity and 46 % long-term debt; </context> | us-gaap:PublicUtilitiesApprovedDebtCapitalStructurePercentage |
Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. </context> | us-gaap:CapitalizedComputerSoftwareAccumulatedAmortization |
Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. | text | 110 | monetaryItemType | text: <entity> 110 </entity> <entity type> monetaryItemType </entity type> <context> Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. </context> | us-gaap:CapitalizedComputerSoftwareAccumulatedAmortization |
Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. </context> | us-gaap:CapitalizedComputerSoftwareAmortization1 |
Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. | text | 30 | monetaryItemType | text: <entity> 30 </entity> <entity type> monetaryItemType </entity type> <context> Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. </context> | us-gaap:CapitalizedComputerSoftwareAmortization1 |
Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. </context> | us-gaap:CapitalizedComputerSoftwareAmortization1 |
Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths |
Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo |
Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearThree |
Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFour |
Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Intangible Plant primarily consists of computer software. Accumulated amortization of computer software costs was $ 100 million and $ 110 million as of December 31, 2023 and 2022, respectively. Amortization of computer software costs totaled $ 27 million in 2023, $ 30 million in 2022, and $ 33 million in 2021. Future estimated amortization costs for existing computer software are $ 24 million in 2024, $ 19 million in 2025, $ 16 million in 2026, $ 11 million in 2027, and $ 7 million in 2028. </context> | us-gaap:FiniteLivedIntangibleAssetsAmortizationExpenseYearFive |
Includes $ 10 million | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> Includes $ 10 million </context> | us-gaap:AccountsReceivableGrossCurrent |
and $ 52 million as of December 31, 2023 and 2022, respectively, of receivables related to revenue from derivative instruments. | text | 52 | monetaryItemType | text: <entity> 52 </entity> <entity type> monetaryItemType </entity type> <context> and $ 52 million as of December 31, 2023 and 2022, respectively, of receivables related to revenue from derivative instruments. </context> | us-gaap:AccountsReceivableGrossCurrent |
In February 2023, TEP issued and sold $ 375 million aggregate principal amount of 5.50 % senior unsecured notes due April 2053. TEP may redeem the notes prior to October 15, 2052, with a make-whole premium plus accrued interest. On or after October 15, 2052, TEP may redeem the notes at par plus accrued interest | text | 5.50 | percentItemType | text: <entity> 5.50 </entity> <entity type> percentItemType </entity type> <context> In February 2023, TEP issued and sold $ 375 million aggregate principal amount of 5.50 % senior unsecured notes due April 2053. TEP may redeem the notes prior to October 15, 2052, with a make-whole premium plus accrued interest. On or after October 15, 2052, TEP may redeem the notes at par plus accrued interest </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In March 2023, TEP repaid at maturity $ 150 million aggregate principal amount of 3.85 % senior unsecured notes. | text | 150 | monetaryItemType | text: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> In March 2023, TEP repaid at maturity $ 150 million aggregate principal amount of 3.85 % senior unsecured notes. </context> | us-gaap:ExtinguishmentOfDebtAmount |
In March 2023, TEP repaid at maturity $ 150 million aggregate principal amount of 3.85 % senior unsecured notes. | text | 3.85 | percentItemType | text: <entity> 3.85 </entity> <entity type> percentItemType </entity type> <context> In March 2023, TEP repaid at maturity $ 150 million aggregate principal amount of 3.85 % senior unsecured notes. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In March 2023, TEP redeemed at par prior to maturity $ 91 million aggregate principal amount of tax-exempt bonds bearing interest at a rate of 4.00 % per annum. | text | 91 | monetaryItemType | text: <entity> 91 </entity> <entity type> monetaryItemType </entity type> <context> In March 2023, TEP redeemed at par prior to maturity $ 91 million aggregate principal amount of tax-exempt bonds bearing interest at a rate of 4.00 % per annum. </context> | us-gaap:ExtinguishmentOfDebtAmount |
In March 2023, TEP redeemed at par prior to maturity $ 91 million aggregate principal amount of tax-exempt bonds bearing interest at a rate of 4.00 % per annum. | text | 4.00 | percentItemType | text: <entity> 4.00 </entity> <entity type> percentItemType </entity type> <context> In March 2023, TEP redeemed at par prior to maturity $ 91 million aggregate principal amount of tax-exempt bonds bearing interest at a rate of 4.00 % per annum. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In February 2022, TEP issued and sold $ 325 million aggregate principal amount of 3.25 % senior unsecured notes due May 2032. TEP may redeem the notes prior to February 15, 2032, with a make-whole premium plus accrued interest. On or after February 15, 2032, TEP may redeem the notes at par plus accrued interest. TEP used the net proceeds to redeem debt in March 2022 and June 2022 and for general corporate purposes. | text | 3.25 | percentItemType | text: <entity> 3.25 </entity> <entity type> percentItemType </entity type> <context> In February 2022, TEP issued and sold $ 325 million aggregate principal amount of 3.25 % senior unsecured notes due May 2032. TEP may redeem the notes prior to February 15, 2032, with a make-whole premium plus accrued interest. On or after February 15, 2032, TEP may redeem the notes at par plus accrued interest. TEP used the net proceeds to redeem debt in March 2022 and June 2022 and for general corporate purposes. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In March 2022, TEP redeemed at par prior to maturity $ 177 million aggregate principal amount of fixed rate tax-exempt bonds bearing interest at a rate of 4.50 % per annum. | text | 177 | monetaryItemType | text: <entity> 177 </entity> <entity type> monetaryItemType </entity type> <context> In March 2022, TEP redeemed at par prior to maturity $ 177 million aggregate principal amount of fixed rate tax-exempt bonds bearing interest at a rate of 4.50 % per annum. </context> | us-gaap:ExtinguishmentOfDebtAmount |
In March 2022, TEP redeemed at par prior to maturity $ 177 million aggregate principal amount of fixed rate tax-exempt bonds bearing interest at a rate of 4.50 % per annum. | text | 4.50 | percentItemType | text: <entity> 4.50 </entity> <entity type> percentItemType </entity type> <context> In March 2022, TEP redeemed at par prior to maturity $ 177 million aggregate principal amount of fixed rate tax-exempt bonds bearing interest at a rate of 4.50 % per annum. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In June 2022, TEP redeemed at par prior to maturity $ 16 million aggregate principal amount of fixed rate tax-exempt bonds bearing interest at a rate of 4.50 % per annum. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> In June 2022, TEP redeemed at par prior to maturity $ 16 million aggregate principal amount of fixed rate tax-exempt bonds bearing interest at a rate of 4.50 % per annum. </context> | us-gaap:ExtinguishmentOfDebtAmount |
In June 2022, TEP redeemed at par prior to maturity $ 16 million aggregate principal amount of fixed rate tax-exempt bonds bearing interest at a rate of 4.50 % per annum. | text | 4.50 | percentItemType | text: <entity> 4.50 </entity> <entity type> percentItemType </entity type> <context> In June 2022, TEP redeemed at par prior to maturity $ 16 million aggregate principal amount of fixed rate tax-exempt bonds bearing interest at a rate of 4.50 % per annum. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
Total long-term debt excludes $ 19 million of related unamortized debt issuance costs and $ 9 million of unamortized original issue discount. | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> Total long-term debt excludes $ 19 million of related unamortized debt issuance costs and $ 9 million of unamortized original issue discount. </context> | us-gaap:UnamortizedDebtIssuanceExpense |
Total long-term debt excludes $ 19 million of related unamortized debt issuance costs and $ 9 million of unamortized original issue discount. | text | 9 | monetaryItemType | text: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> Total long-term debt excludes $ 19 million of related unamortized debt issuance costs and $ 9 million of unamortized original issue discount. </context> | us-gaap:DebtInstrumentUnamortizedDiscount |
Includes a $ 5 million LOC at a rate of 1.025 % per annum as of December 31, 2022, which was cancelled in August 2023. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Includes a $ 5 million LOC at a rate of 1.025 % per annum as of December 31, 2022, which was cancelled in August 2023. </context> | us-gaap:LineOfCredit |
Includes a $ 5 million LOC at a rate of 1.025 % per annum as of December 31, 2022, which was cancelled in August 2023. | text | 1.025 | percentItemType | text: <entity> 1.025 </entity> <entity type> percentItemType </entity type> <context> Includes a $ 5 million LOC at a rate of 1.025 % per annum as of December 31, 2022, which was cancelled in August 2023. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
As of February 8, 2024, there was $ 235 million available under the 2021 Credit Agreement. | text | 235 | monetaryItemType | text: <entity> 235 </entity> <entity type> monetaryItemType </entity type> <context> As of February 8, 2024, there was $ 235 million available under the 2021 Credit Agreement. </context> | us-gaap:LineOfCreditFacilityRemainingBorrowingCapacity |
In September 2023, TEP entered into an EPC agreement to develop Roadrunner Reserve I at a cost of $ 294 million. TEP will own and operate the facility, which will be located in southeast Tucson and have a nominal capacity rating of 200 MW and storage capacity of 800 MWh. Roadrunner Reserve I is expected to be placed in service in the second half of 2025. As of December 31, 2023, TEP has made payments of $ 90 million in connection with the construction and development of Roadrunner Reserve I. | text | 294 | monetaryItemType | text: <entity> 294 </entity> <entity type> monetaryItemType </entity type> <context> In September 2023, TEP entered into an EPC agreement to develop Roadrunner Reserve I at a cost of $ 294 million. TEP will own and operate the facility, which will be located in southeast Tucson and have a nominal capacity rating of 200 MW and storage capacity of 800 MWh. Roadrunner Reserve I is expected to be placed in service in the second half of 2025. As of December 31, 2023, TEP has made payments of $ 90 million in connection with the construction and development of Roadrunner Reserve I. </context> | us-gaap:LongTermPurchaseCommitmentAmount |
TEP is liable for a portion of final mine reclamation costs for the mines at San Juan and Four Corners. TEP's share of final mine reclamation costs at Four Corners is $ 6 million upon the expiration of the Four Corners coal supply agreement in 2031. TEP ceased operations at San Juan upon expiration of the coal supply agreement in 2022. As of December 31, 2023, TEP's remaining final mine reclamation liability at San Juan was $ 25 million. TEP established a trust to fund its share of estimated final mine reclamation costs at San Juan, which will remain in effect through the completion of final mine reclamation activities currently projected to be 2039. For additional information see Note 1, Restricted Cash, and Note 3, Plant in Service. TEP's aggregate liability balance related to San Juan and Four Corners final mine reclamation totaled $ 29 million and $ 37 million as of December 31, 2023 and 2022, respectively, and was recorded in Other on the Consolidated Balance Sheets. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> TEP is liable for a portion of final mine reclamation costs for the mines at San Juan and Four Corners. TEP's share of final mine reclamation costs at Four Corners is $ 6 million upon the expiration of the Four Corners coal supply agreement in 2031. TEP ceased operations at San Juan upon expiration of the coal supply agreement in 2022. As of December 31, 2023, TEP's remaining final mine reclamation liability at San Juan was $ 25 million. TEP established a trust to fund its share of estimated final mine reclamation costs at San Juan, which will remain in effect through the completion of final mine reclamation activities currently projected to be 2039. For additional information see Note 1, Restricted Cash, and Note 3, Plant in Service. TEP's aggregate liability balance related to San Juan and Four Corners final mine reclamation totaled $ 29 million and $ 37 million as of December 31, 2023 and 2022, respectively, and was recorded in Other on the Consolidated Balance Sheets. </context> | us-gaap:EnvironmentalExitCostsAnticipatedCost |
TEP is liable for a portion of final mine reclamation costs for the mines at San Juan and Four Corners. TEP's share of final mine reclamation costs at Four Corners is $ 6 million upon the expiration of the Four Corners coal supply agreement in 2031. TEP ceased operations at San Juan upon expiration of the coal supply agreement in 2022. As of December 31, 2023, TEP's remaining final mine reclamation liability at San Juan was $ 25 million. TEP established a trust to fund its share of estimated final mine reclamation costs at San Juan, which will remain in effect through the completion of final mine reclamation activities currently projected to be 2039. For additional information see Note 1, Restricted Cash, and Note 3, Plant in Service. TEP's aggregate liability balance related to San Juan and Four Corners final mine reclamation totaled $ 29 million and $ 37 million as of December 31, 2023 and 2022, respectively, and was recorded in Other on the Consolidated Balance Sheets. | text | 25 | monetaryItemType | text: <entity> 25 </entity> <entity type> monetaryItemType </entity type> <context> TEP is liable for a portion of final mine reclamation costs for the mines at San Juan and Four Corners. TEP's share of final mine reclamation costs at Four Corners is $ 6 million upon the expiration of the Four Corners coal supply agreement in 2031. TEP ceased operations at San Juan upon expiration of the coal supply agreement in 2022. As of December 31, 2023, TEP's remaining final mine reclamation liability at San Juan was $ 25 million. TEP established a trust to fund its share of estimated final mine reclamation costs at San Juan, which will remain in effect through the completion of final mine reclamation activities currently projected to be 2039. For additional information see Note 1, Restricted Cash, and Note 3, Plant in Service. TEP's aggregate liability balance related to San Juan and Four Corners final mine reclamation totaled $ 29 million and $ 37 million as of December 31, 2023 and 2022, respectively, and was recorded in Other on the Consolidated Balance Sheets. </context> | us-gaap:EnvironmentalExitCostsAnticipatedCost |
TEP is liable for a portion of final mine reclamation costs for the mines at San Juan and Four Corners. TEP's share of final mine reclamation costs at Four Corners is $ 6 million upon the expiration of the Four Corners coal supply agreement in 2031. TEP ceased operations at San Juan upon expiration of the coal supply agreement in 2022. As of December 31, 2023, TEP's remaining final mine reclamation liability at San Juan was $ 25 million. TEP established a trust to fund its share of estimated final mine reclamation costs at San Juan, which will remain in effect through the completion of final mine reclamation activities currently projected to be 2039. For additional information see Note 1, Restricted Cash, and Note 3, Plant in Service. TEP's aggregate liability balance related to San Juan and Four Corners final mine reclamation totaled $ 29 million and $ 37 million as of December 31, 2023 and 2022, respectively, and was recorded in Other on the Consolidated Balance Sheets. | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> TEP is liable for a portion of final mine reclamation costs for the mines at San Juan and Four Corners. TEP's share of final mine reclamation costs at Four Corners is $ 6 million upon the expiration of the Four Corners coal supply agreement in 2031. TEP ceased operations at San Juan upon expiration of the coal supply agreement in 2022. As of December 31, 2023, TEP's remaining final mine reclamation liability at San Juan was $ 25 million. TEP established a trust to fund its share of estimated final mine reclamation costs at San Juan, which will remain in effect through the completion of final mine reclamation activities currently projected to be 2039. For additional information see Note 1, Restricted Cash, and Note 3, Plant in Service. TEP's aggregate liability balance related to San Juan and Four Corners final mine reclamation totaled $ 29 million and $ 37 million as of December 31, 2023 and 2022, respectively, and was recorded in Other on the Consolidated Balance Sheets. </context> | us-gaap:EnvironmentalExitCostsCostsAccruedToDate |
TEP is liable for a portion of final mine reclamation costs for the mines at San Juan and Four Corners. TEP's share of final mine reclamation costs at Four Corners is $ 6 million upon the expiration of the Four Corners coal supply agreement in 2031. TEP ceased operations at San Juan upon expiration of the coal supply agreement in 2022. As of December 31, 2023, TEP's remaining final mine reclamation liability at San Juan was $ 25 million. TEP established a trust to fund its share of estimated final mine reclamation costs at San Juan, which will remain in effect through the completion of final mine reclamation activities currently projected to be 2039. For additional information see Note 1, Restricted Cash, and Note 3, Plant in Service. TEP's aggregate liability balance related to San Juan and Four Corners final mine reclamation totaled $ 29 million and $ 37 million as of December 31, 2023 and 2022, respectively, and was recorded in Other on the Consolidated Balance Sheets. | text | 37 | monetaryItemType | text: <entity> 37 </entity> <entity type> monetaryItemType </entity type> <context> TEP is liable for a portion of final mine reclamation costs for the mines at San Juan and Four Corners. TEP's share of final mine reclamation costs at Four Corners is $ 6 million upon the expiration of the Four Corners coal supply agreement in 2031. TEP ceased operations at San Juan upon expiration of the coal supply agreement in 2022. As of December 31, 2023, TEP's remaining final mine reclamation liability at San Juan was $ 25 million. TEP established a trust to fund its share of estimated final mine reclamation costs at San Juan, which will remain in effect through the completion of final mine reclamation activities currently projected to be 2039. For additional information see Note 1, Restricted Cash, and Note 3, Plant in Service. TEP's aggregate liability balance related to San Juan and Four Corners final mine reclamation totaled $ 29 million and $ 37 million as of December 31, 2023 and 2022, respectively, and was recorded in Other on the Consolidated Balance Sheets. </context> | us-gaap:EnvironmentalExitCostsCostsAccruedToDate |
TEP has joint generation participation agreements with participants at Four Corners and Luna, which expire in 2041 and 2046, respectively. The participants at Four Corners and Luna, including TEP, have guaranteed certain performance obligations. Specifically, in the event of payment default, each non-defaulting participant has agreed to bear its proportionate share of expenses otherwise payable by the defaulting participant. In exchange, the non-defaulting participants are entitled to receive their proportionate share of the generation capacity of the defaulting participant. There is no maximum potential amount of future payments TEP could be required to make under the Luna guarantee. The maximum potential amount of future payments on the non-defaulting parties is $ 250 million at Four Corners. As of December 31, 2023, there have been no such payment defaults under either of the participation agreements. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> TEP has joint generation participation agreements with participants at Four Corners and Luna, which expire in 2041 and 2046, respectively. The participants at Four Corners and Luna, including TEP, have guaranteed certain performance obligations. Specifically, in the event of payment default, each non-defaulting participant has agreed to bear its proportionate share of expenses otherwise payable by the defaulting participant. In exchange, the non-defaulting participants are entitled to receive their proportionate share of the generation capacity of the defaulting participant. There is no maximum potential amount of future payments TEP could be required to make under the Luna guarantee. The maximum potential amount of future payments on the non-defaulting parties is $ 250 million at Four Corners. As of December 31, 2023, there have been no such payment defaults under either of the participation agreements. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
TEP has joint generation participation agreements with participants at Four Corners and Luna, which expire in 2041 and 2046, respectively. The participants at Four Corners and Luna, including TEP, have guaranteed certain performance obligations. Specifically, in the event of payment default, each non-defaulting participant has agreed to bear its proportionate share of expenses otherwise payable by the defaulting participant. In exchange, the non-defaulting participants are entitled to receive their proportionate share of the generation capacity of the defaulting participant. There is no maximum potential amount of future payments TEP could be required to make under the Luna guarantee. The maximum potential amount of future payments on the non-defaulting parties is $ 250 million at Four Corners. As of December 31, 2023, there have been no such payment defaults under either of the participation agreements. | text | 250 | monetaryItemType | text: <entity> 250 </entity> <entity type> monetaryItemType </entity type> <context> TEP has joint generation participation agreements with participants at Four Corners and Luna, which expire in 2041 and 2046, respectively. The participants at Four Corners and Luna, including TEP, have guaranteed certain performance obligations. Specifically, in the event of payment default, each non-defaulting participant has agreed to bear its proportionate share of expenses otherwise payable by the defaulting participant. In exchange, the non-defaulting participants are entitled to receive their proportionate share of the generation capacity of the defaulting participant. There is no maximum potential amount of future payments TEP could be required to make under the Luna guarantee. The maximum potential amount of future payments on the non-defaulting parties is $ 250 million at Four Corners. As of December 31, 2023, there have been no such payment defaults under either of the participation agreements. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
TEP has joint generation participation agreements with participants at Four Corners and Luna, which expire in 2041 and 2046, respectively. The participants at Four Corners and Luna, including TEP, have guaranteed certain performance obligations. Specifically, in the event of payment default, each non-defaulting participant has agreed to bear its proportionate share of expenses otherwise payable by the defaulting participant. In exchange, the non-defaulting participants are entitled to receive their proportionate share of the generation capacity of the defaulting participant. There is no maximum potential amount of future payments TEP could be required to make under the Luna guarantee. The maximum potential amount of future payments on the non-defaulting parties is $ 250 million at Four Corners. As of December 31, 2023, there have been no such payment defaults under either of the participation agreements. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> TEP has joint generation participation agreements with participants at Four Corners and Luna, which expire in 2041 and 2046, respectively. The participants at Four Corners and Luna, including TEP, have guaranteed certain performance obligations. Specifically, in the event of payment default, each non-defaulting participant has agreed to bear its proportionate share of expenses otherwise payable by the defaulting participant. In exchange, the non-defaulting participants are entitled to receive their proportionate share of the generation capacity of the defaulting participant. There is no maximum potential amount of future payments TEP could be required to make under the Luna guarantee. The maximum potential amount of future payments on the non-defaulting parties is $ 250 million at Four Corners. As of December 31, 2023, there have been no such payment defaults under either of the participation agreements. </context> | us-gaap:GuaranteeObligationsCurrentCarryingValue |
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