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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Components of Stock-Based Compensation
The following table summarizes the components of stock-based compensation for DTE Energy:
202020192018
(In millions)
Stock-based compensation expense$63 $71 $64 
Tax benefit$12 $13 $13 
Stock-based compensation cost capitalized in Property, plant, and equipment(a)
$ $16 $11 
_______________________________________
(a)In DTE Electric's May 2020 rate order, the MPSC disallowed certain capital expenditures related to incentive compensation. Therefore, beginning in 2020, no stock-based compensation cost will be capitalized in Property, plant, and equipment. Refer to Note 10 to the Consolidated Financial Statements, "Regulatory Matters," for further information.
Schedule of Activity Relating to Performance Share Awards
DTE Energy recorded activity relating to performance share awards as follows:
202020192018
(In millions, except per share amounts)
Weighted average grant date fair value of awards granted (per share)$129.68 $115.85 $105.64 
Awards settled in cash(a)
$21 $19 $13 
Awards settled in stock(a)
$53 $79 $39 
Compensation expense$50 $60 $53 
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(a)Sum of awards settled in cash and stock approximates the intrinsic value of the awards.
Schedule of Stock-based Compensation, Performance Shares Activity Rollforward
The following table summarizes DTE Energy’s performance share activity for the period ended December 31, 2020:
Performance SharesWeighted Average
Grant Date
Fair Value
Balance at December 31, 20191,226,031 $107.35 
Grants383,813 $129.68 
Forfeitures(43,768)$116.94 
Payouts(438,639)$99.22 
Balance at December 31, 20201,127,437 $117.06 
Schedule of Unrecognized Compensation Cost, Non-Vested Awards
As of December 31, 2020, DTE Energy's total unrecognized compensation cost related to non-vested stock incentive plan arrangements and the weighted average recognition period was as follows:
Unrecognized
Compensation
Cost
Weighted Average
to be Recognized
(In millions)(In years)
Stock awards$19 1.60
Performance shares49 1.04
$68 1.19