Consumers Energy Company Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 699	$ 227
Restricted cash and cash equivalents	90	21
Inventories at average cost
Gas in underground storage	419	587
Materials and supplies	280	267
Generating plant fuel stock	80	84
Deferred property taxes	309	426
Regulatory assets	183	203
Prepayments and other current assets	100	80
Total current assets	2,985	2,839
Other Non‑current Assets
Regulatory assets	3,585	3,683
Accounts and notes receivable – related parties	22	22
Postretirement benefits	1,550	1,468
Other	263	357
Total other non‑current assets	5,493	5,606
Total Assets	34,355	33,517
Current Liabilities
Current portion of long-term debt and finance leases	772	980
Notes payable	0	93
Accrued rate refunds	50	54
Accrued interest	155	142
Accrued taxes	449	612
Regulatory liabilities	120	56
Other current liabilities	186	149
Total current liabilities	2,528	2,895
Non‑current Liabilities
Long-term debt	14,917	14,508
Non-current portion of finance leases	79	62
Regulatory liabilities	4,080	3,894
Postretirement benefits	103	106
Asset retirement obligations	769	771
Deferred investment tax credit	124	126
Deferred income taxes	2,785	2,615
Other non‑current liabilities	429	415
Total non‑current liabilities	23,286	22,497
Commitments and Contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	5,991	5,705
Accumulated other comprehensive loss	(45)	(46)
Retained earnings	1,830	1,658
Total common stockholders’ equity	7,779	7,320
Cumulative preferred stock	224	224
Total stockholders’ equity	8,003	7,544
Total Liabilities and Equity	34,355	33,517
Nonrelated Party
Current Assets
Accounts receivable and accrued revenue, less allowance of $23 in 2024 and $21 in 2023	817	933
Current Liabilities
Accounts payable	789	802
Related Party
Current Liabilities
Accounts payable	7	7
Consumers Energy Company
Current Assets
Cash and cash equivalents	607	35
Restricted cash and cash equivalents	89	21
Inventories at average cost
Gas in underground storage	419	587
Materials and supplies	269	257
Generating plant fuel stock	77	80
Deferred property taxes	309	426
Regulatory assets	183	203
Prepayments and other current assets	86	65
Total current assets	2,842	2,594
Plant, Property, and Equipment
Plant, property, and equipment, gross	32,224	31,723
Less accumulated depreciation and amortization	8,925	8,796
Plant, property, and equipment, net	23,299	22,927
Construction work in progress	1,232	845
Total plant, property, and equipment	24,531	23,772
Other Non‑current Assets
Regulatory assets	3,585	3,683
Postretirement benefits	1,443	1,367
Other	196	313
Total other non‑current assets	5,345	5,486
Total Assets	32,718	31,852
Current Liabilities
Current portion of long-term debt and finance leases	772	731
Accrued rate refunds	50	54
Accrued interest	128	110
Accrued taxes	438	614
Regulatory liabilities	120	56
Other current liabilities	155	128
Total current liabilities	2,435	2,563
Non‑current Liabilities
Non-current portion of finance leases	37	39
Regulatory liabilities	4,080	3,894
Postretirement benefits	75	77
Asset retirement obligations	736	739
Deferred investment tax credit	124	126
Deferred income taxes	2,956	2,789
Other non‑current liabilities	380	364
Total non‑current liabilities	19,390	18,489
Commitments and Contingencies
Common stockholders’ equity
Common stock	841	841
Other paid-in capital	7,759	7,759
Accumulated other comprehensive loss	(15)	(15)
Retained earnings	2,271	2,178
Total common stockholders’ equity	10,856	10,763
Cumulative preferred stock	37	37
Total stockholders’ equity	10,893	10,800
Total Liabilities and Equity	32,718	31,852
Consumers Energy Company | Nonrelated Party
Current Assets
Accounts receivable and accrued revenue, less allowance of $23 in 2024 and $21 in 2023	794	909
Other Non‑current Assets
Accounts receivable	28	28
Current Liabilities
Notes payable	0	93
Accounts payable	758	764
Non‑current Liabilities
Long-term debt	10,339	10,037
Consumers Energy Company | Related Party
Current Assets
Accounts and notes receivable – related parties	9	11
Other Non‑current Assets
Accounts and notes receivable – related parties	93	95
Current Liabilities
Accounts payable	14	13
Non‑current Liabilities
Long-term debt	$ 663	$ 424