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Leases
 6 Months Ended
Jun. 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
June 30, 2021
(In millions)
2021$13 
202222 
202321 
202422 
202522 
2026 and Thereafter292 
Total minimum future lease receipts392 
Residual value of leased pipeline17 
Less unearned income206 
Net investment in finance lease203 
Less current portion8 
$195 
Interest income recognized under finance leases was $5 million and $4 million for the three months ended June 30, 2021 and 2020, respectively, and $9 million and $8 million for the six months ended June 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 June 30,Six Months Ended June 30,
2021202020212020
(In millions)
Fixed payments$16 $17 $33 $33 
Variable payments18 16 35 39 
34 33 68 72 
Operating revenues24 23 48 52 
Other income10 10 20 20 
$34 $33 $68 $72 
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
June 30, 2021
(In millions)
2021$13 
202222 
202321 
202422 
202522 
2026 and Thereafter292 
Total minimum future lease receipts392 
Residual value of leased pipeline17 
Less unearned income206 
Net investment in finance lease203 
Less current portion8 
$195 
Interest income recognized under finance leases was $5 million and $4 million for the three months ended June 30, 2021 and 2020, respectively, and $9 million and $8 million for the six months ended June 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 June 30,Six Months Ended June 30,
2021202020212020
(In millions)
Fixed payments$16 $17 $33 $33 
Variable payments18 16 35 39 
34 33 68 72 
Operating revenues24 23 48 52 
Other income10 10 20 20 
$34 $33 $68 $72 
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
June 30, 2021
(In millions)
2021$13 
202222 
202321 
202422 
202522 
2026 and Thereafter292 
Total minimum future lease receipts392 
Residual value of leased pipeline17 
Less unearned income206 
Net investment in finance lease203 
Less current portion8 
$195 
Interest income recognized under finance leases was $5 million and $4 million for the three months ended June 30, 2021 and 2020, respectively, and $9 million and $8 million for the six months ended June 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 June 30,Six Months Ended June 30,
2021202020212020
(In millions)
Fixed payments$16 $17 $33 $33 
Variable payments18 16 35 39 
34 33 68 72 
Operating revenues24 23 48 52 
Other income10 10 20 20 
$34 $33 $68 $72