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Leases
 9 Months Ended
Sep. 30, 2021
Leases [Abstract]  
Leases LEASES
Lessor
During the first quarter 2021, DTE Energy completed construction of and began operating certain energy infrastructure assets for a large industrial customer under a long-term agreement, where the assets will transfer to the customer at the end of the contract term in 2040. DTE Energy has accounted for a portion of the agreement as a finance lease arrangement, recognizing an additional net investment of $31 million.
The components of DTE Energy’s net investment in finance leases for remaining periods were as follows:
DTE Energy
September 30, 2021
(In millions)
2021$6 
202222 
202322 
202422 
202522 
2026 and Thereafter292 
Total minimum future lease receipts386 
Residual value of leased pipeline17 
Less unearned income202 
Net investment in finance lease201 
Less current portion7 
$194 
Interest income recognized under finance leases was $4 million for the three months ended September 30, 2021 and 2020 and $13 million and $12 million for the nine months ended September 30, 2021 and 2020, respectively.
DTE Energy’s lease income associated with operating leases, including the line items in which it was included on the Consolidated Statements of Operations, was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
(In millions)
Fixed payments$13 $14 $42 $43 
Variable payments55 43 90 82 
$68 $57 $132 $125 
Operating revenues$26 $26 $70 $74 
Other income42 31 62 51 
$68 $57 $132 $125 
Leases LEASES
Lessor
During the first quarter 2021, DTE Energy completed construction of and began operating certain energy infrastructure assets for a large industrial customer under a long-term agreement, where the assets will transfer to the customer at the end of the contract term in 2040. DTE Energy has accounted for a portion of the agreement as a finance lease arrangement, recognizing an additional net investment of $31 million.
The components of DTE Energy’s net investment in finance leases for remaining periods were as follows:
DTE Energy
September 30, 2021
(In millions)
2021$6 
202222 
202322 
202422 
202522 
2026 and Thereafter292 
Total minimum future lease receipts386 
Residual value of leased pipeline17 
Less unearned income202 
Net investment in finance lease201 
Less current portion7 
$194 
Interest income recognized under finance leases was $4 million for the three months ended September 30, 2021 and 2020 and $13 million and $12 million for the nine months ended September 30, 2021 and 2020, respectively.
DTE Energy’s lease income associated with operating leases, including the line items in which it was included on the Consolidated Statements of Operations, was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
(In millions)
Fixed payments$13 $14 $42 $43 
Variable payments55 43 90 82 
$68 $57 $132 $125 
Operating revenues$26 $26 $70 $74 
Other income42 31 62 51 
$68 $57 $132 $125 
Leases LEASES
Lessor
During the first quarter 2021, DTE Energy completed construction of and began operating certain energy infrastructure assets for a large industrial customer under a long-term agreement, where the assets will transfer to the customer at the end of the contract term in 2040. DTE Energy has accounted for a portion of the agreement as a finance lease arrangement, recognizing an additional net investment of $31 million.
The components of DTE Energy’s net investment in finance leases for remaining periods were as follows:
DTE Energy
September 30, 2021
(In millions)
2021$6 
202222 
202322 
202422 
202522 
2026 and Thereafter292 
Total minimum future lease receipts386 
Residual value of leased pipeline17 
Less unearned income202 
Net investment in finance lease201 
Less current portion7 
$194 
Interest income recognized under finance leases was $4 million for the three months ended September 30, 2021 and 2020 and $13 million and $12 million for the nine months ended September 30, 2021 and 2020, respectively.
DTE Energy’s lease income associated with operating leases, including the line items in which it was included on the Consolidated Statements of Operations, was as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2021202020212020
(In millions)
Fixed payments$13 $14 $42 $43 
Variable payments55 43 90 82 
$68 $57 $132 $125 
Operating revenues$26 $26 $70 $74 
Other income42 31 62 51 
$68 $57 $132 $125