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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues        
Utility operations $ 1,909 $ 1,655 $ 4,143 $ 3,608
Non-utility operations 3,015 1,366 5,358 2,994
Operating Revenues 4,924 3,021 9,501 6,602
Operating Expenses        
Fuel, purchased power, and gas — utility 607 390 1,307 934
Fuel, purchased power, gas, and other — non-utility 3,059 1,347 5,301 2,942
Operation and maintenance 599 568 1,195 1,135
Depreciation and amortization 366 339 724 666
Taxes other than income 115 108 238 223
Asset (gains) losses and impairments, net (5) 27 (5) 27
Operating Expenses 4,741 2,779 8,760 5,927
Operating Income 183 242 741 675
Other (Income) and Deductions        
Interest expense 161 166 315 321
Interest income (8) (6) (16) (10)
Non-operating retirement benefits, net (5) 3 (8) 7
Loss on extinguishment of debt 0 8 0 8
Other income (11) (54) (19) (97)
Other expenses 31 10 44 20
Other (Income) and Deductions 168 127 316 249
Income Before Income Taxes 15 115 425 426
Income Tax Expense (Benefit) (Note 2) (22) 1 (6) (5)
Net Income from Continuing Operations 37 114 431 431
Net Income from Discontinued Operations, Net of Taxes (Note 4) 0 65 0 145
Net Income 37 179 431 576
Less: Net Income (Loss) Attributable to Noncontrolling Interests        
Continuing operations 0 (3) 0 (6)
Discontinued operations 0 3 0 6
Net Income Attributable to DTE Energy Company/DTE Electric Company $ 37 $ 179 $ 431 $ 576
Basic Earnings per Common Share        
Continuing operations (in dollars per share) $ 0.19 $ 0.60 $ 2.22 $ 2.25
Discontinued operations (in dollars per share) 0 0.32 0 0.72
Basic Earnings per Common Share (in dollars per share) 0.19 0.92 2.22 2.97
Diluted Earnings per Common Share        
Continuing operations (in dollars per share) 0.19 0.60 2.22 2.25
Discontinued operations (in dollars per share) 0 0.32 0 0.72
Diluted Earnings per Common Share (in dollars per share) $ 0.19 $ 0.92 $ 2.22 $ 2.97
Weighted Average Common Shares Outstanding        
Basic (in shares) 193 193 193 193
Diluted (in shares) 194 194 194 194