Discontinued Operations

3 Months Ended

Mar. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

DISCONTINUED OPERATIONS

Separation of DT Midstream

On July 1, 2021, DTE Energy completed the separation of DT Midstream, its former natural gas pipeline, storage, and gathering non-utility business. The table below reflects the financial results of DT Midstream that are included in discontinued operations within the Consolidated Statements of Operations. These results include the impact of tax-related adjustments and all transaction costs related to the separation. General corporate overhead costs have been excluded and no portion of corporate interest costs were allocated to discontinued operations.

	Three Months Ended March 31,
	2021
	(In millions)
Operating Revenues — Non-utility operations	$	197
Operating Expenses
Cost of gas and other — non-utility	5
Operation and maintenance(a)	41
Depreciation and amortization	41
Taxes other than income	7
Asset (gains) losses and impairments, net	(1)
	93
Operating Income	104
Other (Income) and Deductions
Interest expense	26
Interest income	(3)
Other income	(33)
	(10)
Income from Discontinued Operations Before Income Taxes	114
Income Tax Expense	34
Net Income from Discontinued Operations, Net of Taxes	80
Less: Net Income Attributable to Noncontrolling Interests	3
Net Income from Discontinued Operations	$	77

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(a)Includes separation transaction costs of $10 million for the three months ended March 31, 2021 for various legal, accounting and other professional services fees.

The following table is a summary of significant non-cash items and capital expenditures of discontinued operations included in DTE Energy's Consolidated Statements of Cash Flows:

	Three Months Ended March 31,
	2021
	(In millions)
Operating Activities
Depreciation and amortization	$	41
Deferred income taxes	33
Equity earnings of equity method investees	(31)
Investing Activities
Plant and equipment expenditures — non-utility	$	(27)