Exit Activities and Discontinued Operations - (Tables)

12 Months Ended

Dec. 31, 2022

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Retention Benefit Liability Roll Forward

Presented in the following table is a reconciliation of the retention benefit liability recorded in other liabilities on Consumers’ consolidated balance sheets:

In Millions
Years Ended December 31	2022			2021
Retention benefit liability at beginning of period		$	14		$	11
Costs deferred as a regulatory asset		24			7
Costs incurred and capitalized		—			1
Costs paid or settled		(17)			(5)
Retention benefit liability at the end of the period1		$	21		$	14

1Includes current portion of other liabilities of $13 million at December 31, 2022 and $5 million at December 31, 2021.

Schedule of Income, Assets, and Liabilities from Discontinued Operations

The table below presents the financial results of EnerBank included in income from discontinued operations:

In Millions
Years Ended December 31	2022			2021			2020
Operating revenue		$	—		$	209		$	262
Expenses
Operating expenses		—			60			130
Interest expense		—			34			56
Income before income taxes		$	—		$	115		$	76
Gain on sale		5			657			—
Income from discontinued operations before income taxes		$	5		$	772		$	76
Income tax expense		1			170			18
Income from discontinued operations, net of tax		$	4		$	602		$	58

Consumers Energy Company

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Retention Benefit Liability Roll Forward

Presented in the following table is a reconciliation of the retention benefit liability recorded in other liabilities on Consumers’ consolidated balance sheets:

In Millions
Years Ended December 31	2022			2021
Retention benefit liability at beginning of period		$	14		$	11
Costs deferred as a regulatory asset		24			7
Costs incurred and capitalized		—			1
Costs paid or settled		(17)			(5)
Retention benefit liability at the end of the period1		$	21		$	14

1Includes current portion of other liabilities of $13 million at December 31, 2022 and $5 million at December 31, 2021.