CMS Energy Corporation 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
Plant, Property, and Equipment
Plant, property, and equipment, gross	34,156	33,135
Less accumulated depreciation and amortization	9,312	9,007
Plant, property, and equipment, net	24,844	24,128
Construction work in progress	1,827	944
Total plant, property, and equipment	26,671	25,072
Other Non‑current Assets
Regulatory assets	3,560	3,683
Accounts receivable	20	22
Investments	74	76
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 redeemable perpetual preferred stock	224	224
Total stockholders’ equity	8,111	7,544
Noncontrolling interests	530	581
Total equity	8,641	8,125
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 Assets
Accounts receivable – related parties	9	11
Current Liabilities
Accounts payable	$ 7	$ 7