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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Components of Stock-Based Compensation
The following table summarizes the components of stock-based compensation for DTE Energy:
202120202019
(In millions)
Stock-based compensation expense$71 $63 $71 
Tax benefit$13 $12 $13 
Stock-based compensation cost capitalized in Property, plant, and equipment(a)
$ $— $16 
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(a)In DTE Electric's May 2020 rate order, the MPSC disallowed certain capital expenditures related to incentive compensation. Therefore, beginning in 2020, no stock-based compensation cost will be capitalized in Property, plant, and equipment.
Schedule of Activity Relating to Performance Share Awards
DTE Energy recorded activity relating to performance share awards as follows:
202120202019
(In millions, except per share amounts)
Weighted average grant date fair value of awards granted (per share)$118.43 $129.68 $115.85 
Awards settled in cash(a)
$12 $21 $19 
Awards settled in stock(a)
$74 $53 $79 
Compensation expense$58 $50 $60 
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(a)Sum of awards settled in cash and stock approximates the intrinsic value of the awards.
Schedule of Stock-based Compensation, Performance Shares Activity Rollforward
The following table summarizes DTE Energy’s performance share activity for the period ended December 31, 2021:
Performance SharesWeighted Average
Grant Date
Fair Value
Balance at December 31, 20201,127,437 $117.06 
Grants(a)
567,196 $118.43 
Forfeitures(b)
(162,091)$123.04 
Payouts(429,925)$107.84 
Balance at December 31, 20211,102,617 $120.33 
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(a)Includes 166,686 incremental shares granted in 2021 to DTE Energy employees who did not separate with DT Midstream. The shares were granted to preserve the value of unvested 2019-2021 awards, considering the impact from the spin-off of DT Midstream on DTE Energy's stock price.
(b)Includes the cancellation of 95,923 shares that were held by employees that separated due to the spin-off of DT Midstream.
Schedule of Unrecognized Compensation Cost, Non-Vested Awards
As of December 31, 2021, DTE Energy's total unrecognized compensation cost related to non-vested stock incentive plan arrangements and the weighted average recognition period was as follows:
Unrecognized
Compensation
Cost
Weighted Average
to be Recognized
(In millions)(In years)
Stock awards$19 1.50
Performance shares44 1.04
$63 1.18