Consumers Energy Company Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 412	$ 227
Restricted cash and cash equivalents	55	21
Inventories at average cost
Gas in underground storage	536	587
Materials and supplies	294	267
Generating plant fuel stock	54	84
Deferred property taxes	277	426
Regulatory assets	180	203
Prepayments and other current assets	92	80
Total current assets	2,703	2,839
Other Non‑current Assets
Regulatory assets	3,560	3,683
Accounts and notes receivable – related parties	20	22
Postretirement benefits	1,591	1,468
Other	198	357
Total other non‑current assets	5,443	5,606
Total Assets	34,817	33,517
Current Liabilities
Current portion of long-term debt and finance leases	507	980
Notes payable	0	93
Accrued rate refunds	53	54
Accrued interest	161	142
Accrued taxes	183	612
Regulatory liabilities	120	56
Other current liabilities	213	149
Total current liabilities	2,191	2,895
Non‑current Liabilities
Long-term debt	15,548	14,508
Non-current portion of finance leases	112	62
Regulatory liabilities	4,075	3,894
Postretirement benefits	102	106
Asset retirement obligations	761	771
Deferred investment tax credit	123	126
Deferred income taxes	2,837	2,615
Other non‑current liabilities	427	415
Total non‑current liabilities	23,985	22,497
Commitments and Contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	6,001	5,705
Accumulated other comprehensive loss	(45)	(46)
Retained earnings	1,928	1,658
Total common stockholders’ equity	7,887	7,320
Cumulative preferred stock	224	224
Total stockholders’ equity	8,111	7,544
Total Liabilities and Equity	34,817	33,517
Nonrelated Party
Current Assets
Accounts receivable and accrued revenue, less allowance of $22 in 2024 and $21 in 2023	794	933
Current Liabilities
Accounts payable	947	802
Related Party
Current Liabilities
Accounts payable	7	7
Consumers Energy Company
Current Assets
Cash and cash equivalents	349	35
Restricted cash and cash equivalents	54	21
Inventories at average cost
Gas in underground storage	536	587
Materials and supplies	286	257
Generating plant fuel stock	51	80
Deferred property taxes	277	426
Regulatory assets	180	203
Prepayments and other current assets	80	65
Total current assets	2,587	2,594
Plant, Property, and Equipment
Plant, property, and equipment, gross	32,695	31,723
Less accumulated depreciation and amortization	9,065	8,796
Plant, property, and equipment, net	23,630	22,927
Construction work in progress	1,645	845
Total plant, property, and equipment	25,275	23,772
Other Non‑current Assets
Regulatory assets	3,560	3,683
Postretirement benefits	1,481	1,367
Other	138	313
Total other non‑current assets	5,298	5,486
Total Assets	33,160	31,852
Current Liabilities
Current portion of long-term debt and finance leases	507	731
Notes payable	0	93
Accrued rate refunds	53	54
Accrued interest	124	110
Accrued taxes	173	614
Regulatory liabilities	120	56
Other current liabilities	183	128
Total current liabilities	2,074	2,563
Non‑current Liabilities
Non-current portion of finance leases	70	39
Regulatory liabilities	4,075	3,894
Postretirement benefits	74	77
Asset retirement obligations	727	739
Deferred investment tax credit	123	126
Deferred income taxes	3,002	2,789
Other non‑current liabilities	378	364
Total non‑current liabilities	20,104	18,489
Commitments and Contingencies
Common stockholders’ equity
Common stock	841	841
Other paid-in capital	7,759	7,759
Accumulated other comprehensive loss	(14)	(15)
Retained earnings	2,359	2,178
Total common stockholders’ equity	10,945	10,763
Cumulative preferred stock	37	37
Total stockholders’ equity	10,982	10,800
Total Liabilities and Equity	33,160	31,852
Consumers Energy Company | Nonrelated Party
Current Assets
Accounts receivable and accrued revenue, less allowance of $22 in 2024 and $21 in 2023	763	909
Other Non‑current Assets
Accounts receivable	26	28
Current Liabilities
Accounts payable	901	764
Non‑current Liabilities
Long-term debt	10,924	10,037
Consumers Energy Company | Related Party
Current Assets
Accounts and notes receivable – related parties	11	11
Other Non‑current Assets
Accounts and notes receivable – related parties	93	95
Current Liabilities
Accounts payable	13	13
Non‑current Liabilities
Long-term debt	$ 731	$ 424