Consumers Energy Company Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 164	$ 452
Restricted cash and cash equivalents	18	24
Accounts receivable and accrued revenue	1,564	931
Accounts receivable – related parties	16	12
Inventories at average cost
Gas in underground storage	840	462
Materials and supplies	212	168
Generating plant fuel stock	65	37
Deferred property taxes	384	356
Regulatory assets	57	46
Prepayments and other current assets	113	139
Total current assets	3,433	2,627
Other Non‑current Assets
Regulatory assets	3,595	2,259
Accounts receivable	23	30
Postretirement benefits	1,208	1,150
Other	310	264
Total other non‑current assets	5,207	3,774
Total Assets	31,353	28,753
Current Liabilities
Current portion of long-term debt and finance leases	1,099	382
Notes payable	20	0
Accounts payable	928	875
Accounts payable – related parties	8	11
Accrued rate refunds	0	12
Accrued interest	122	107
Accrued taxes	538	515
Regulatory liabilities	104	146
Other current liabilities	166	156
Total current liabilities	2,985	2,204
Non‑current Liabilities
Long-term debt	13,122	12,046
Non-current portion of finance leases	68	46
Regulatory liabilities	3,796	3,802
Postretirement benefits	108	142
Asset retirement obligations	746	628
Deferred investment tax credit	129	112
Deferred income taxes	2,407	2,210
Other non‑current liabilities	397	375
Total non‑current liabilities	20,773	19,361
Commitments and Contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	5,490	5,406
Accumulated other comprehensive loss	(52)	(59)
Retained earnings	1,350	1,057
Total common stockholders’ equity	6,791	6,407
Cumulative preferred stock	224	224
Total stockholders’ equity	7,015	6,631
Total Liabilities and Equity	31,353	28,753
Consumers Energy Company
Current Assets
Cash and cash equivalents	43	22
Restricted cash and cash equivalents	17	22
Accounts receivable and accrued revenue	1,524	905
Accounts receivable – related parties	10	9
Inventories at average cost
Gas in underground storage	840	462
Materials and supplies	206	163
Generating plant fuel stock	59	33
Deferred property taxes	384	356
Regulatory assets	57	46
Prepayments and other current assets	96	103
Total current assets	3,236	2,121
Plant, Property, and Equipment
Plant, property, and equipment, gross	29,342	28,771
Less accumulated depreciation and amortization	8,791	8,371
Plant, property, and equipment, net	20,551	20,400
Construction work in progress	994	915
Total plant, property, and equipment	21,545	21,315
Other Non‑current Assets
Regulatory assets	3,595	2,259
Accounts receivable	29	36
Accounts and notes receivable – related parties	99	102
Postretirement benefits	1,126	1,056
Other	286	251
Total other non‑current assets	5,135	3,704
Total Assets	29,916	27,140
Current Liabilities
Current portion of long-term debt and finance leases	1,000	374
Notes payable	20	0
Notes payable – related parties	75	392
Accounts payable	864	835
Accounts payable – related parties	15	16
Accrued rate refunds	0	12
Accrued interest	90	75
Accrued taxes	556	529
Regulatory liabilities	104	146
Other current liabilities	147	109
Total current liabilities	2,871	2,488
Non‑current Liabilities
Long-term debt	9,192	8,050
Non-current portion of finance leases	45	46
Regulatory liabilities	3,796	3,802
Postretirement benefits	79	104
Asset retirement obligations	722	605
Deferred investment tax credit	129	112
Deferred income taxes	2,585	2,340
Other non‑current liabilities	342	314
Total non‑current liabilities	16,890	15,373
Commitments and Contingencies
Common stockholders’ equity
Common stock	841	841
Other paid-in capital	7,284	6,599
Accumulated other comprehensive loss	(15)	(32)
Retained earnings	2,008	1,834
Total common stockholders’ equity	10,118	9,242
Cumulative preferred stock	37	37
Total stockholders’ equity	10,155	9,279
Total Liabilities and Equity	$ 29,916	$ 27,140