Consumers Energy Company Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities
Net Income	$ 738	$ 578
Adjustments to reconcile net income to net cash provided by operating activities
Deferred income taxes and investment tax credits	103	96
Other non‑cash operating activities and reconciling adjustments	(152)	(171)
Changes in assets and liabilities
Accounts receivable and accrued revenue	185	497
Inventories	51	63
Accounts payable and accrued rate refunds	15	(123)
Other current assets and liabilities	(3)	(56)
Other non‑current assets and liabilities	162	171
Net cash provided by operating activities	1,967	1,904
Cash Flows from Investing Activities
Cost to retire property and other investing activities	(125)	(126)
Net cash used in investing activities	(2,101)	(2,737)
Cash Flows from Financing Activities
Proceeds from issuance of debt	1,447	2,905
Retirement of debt	(789)	(1,846)
Increase (decrease) in notes payable	(93)	227
Other financing costs	(25)	(43)
Net cash provided by financing activities	353	835
Net Increase in Cash and Cash Equivalents, Including Restricted Amounts	219	2
Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period	248	182
Cash and Cash Equivalents, Including Restricted Amounts, End of Period	467	184
Non‑cash transactions
Capital expenditures not paid	387	268
Appliance Service Plan Business
Cash Flows from Investing Activities
Proceeds from sale of ASP business	124	0
Capital Expenditures
Cash Flows from Investing Activities
Capital expenditures (excludes assets placed under finance lease)	(2,100)	(1,799)
Covert Plant Acquisition
Cash Flows from Investing Activities
Capital expenditures (excludes assets placed under finance lease)	0	(812)
Consumers Energy Company
Cash Flows from Operating Activities
Net Income	726	577
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	878	839
Deferred income taxes and investment tax credits	99	107
Other non‑cash operating activities and reconciling adjustments	(64)	(48)
Changes in assets and liabilities
Accounts receivable and accrued revenue	184	474
Inventories	50	64
Accounts payable and accrued rate refunds	25	(114)
Other current assets and liabilities	(29)	(85)
Other non‑current assets and liabilities	145	152
Net cash provided by operating activities	2,014	1,966
Cash Flows from Investing Activities
Cost to retire property and other investing activities	(119)	(122)
Net cash used in investing activities	(1,994)	(2,592)
Cash Flows from Financing Activities
Proceeds from issuance of debt	1,297	2,020
Retirement of debt	(322)	(1,639)
Increase (decrease) in notes payable	(93)	227
Stockholder contribution	320	475
Return of stockholder contribution	(320)	0
Payment of dividends on common and preferred stock	(545)	(462)
Other financing costs	(10)	(21)
Net cash provided by financing activities	327	600
Net Increase in Cash and Cash Equivalents, Including Restricted Amounts	347	(26)
Cash and Cash Equivalents, Including Restricted Amounts, Beginning of Period	56	60
Cash and Cash Equivalents, Including Restricted Amounts, End of Period	403	34
Non‑cash transactions
Capital expenditures not paid	382	264
Consumers Energy Company | Appliance Service Plan Business
Cash Flows from Investing Activities
Proceeds from sale of ASP business	124	0
Consumers Energy Company | Capital Expenditures
Cash Flows from Investing Activities
Capital expenditures (excludes assets placed under finance lease)	(1,999)	(1,658)
Consumers Energy Company | Covert Plant Acquisition
Cash Flows from Investing Activities
Capital expenditures (excludes assets placed under finance lease)	$ 0	$ (812)