CMS Energy Corporation 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
Plant, Property, and Equipment
Plant, property, and equipment, gross	33,680	33,135
Less accumulated depreciation and amortization	9,160	9,007
Plant, property, and equipment, net	24,520	24,128
Construction work in progress	1,357	944
Total plant, property, and equipment	25,877	25,072
Other Non‑current Assets
Regulatory assets	3,585	3,683
Accounts receivable	22	22
Investments	73	76
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 redeemable perpetual preferred stock	224	224
Total stockholders’ equity	8,003	7,544
Noncontrolling interests	538	581
Total equity	8,541	8,125
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 Assets
Accounts receivable – related parties	8	11
Current Liabilities
Accounts payable	$ 7	$ 7