Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2023

Inter-segment billing for goods and services exchanged between segments is based upon tariffed or market-based prices of the provider. Such billing primarily consists of power sales, sale and transportation of natural gas, and renewable natural gas sales in the segments below, as well as charges from Electric to other segments for use of the shared capital assets of DTE Electric. For 2021, inter-segment billing also included the sale of reduced emissions fuel at DTE Vantage.


	Year Ended December 31,
	2023		2022		2021
	(In millions)
Electric(a)	$	72	$	71	$	64
Gas	17		13		14
DTE Vantage	68		78		575
Energy Trading	85		102		56
Corporate and Other	—		—		2
	$	242	$	264	$	711

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(a)Inter-segment billing for the Electric segment includes $3 million, $6 million, and $4 million relating to Non-utility operations for the years ended December 31, 2023, 2022, and 2021, respectively.

Financial data of DTE Energy's business segments follows:


	Electric		Gas	DTE Vantage	Energy Trading	Corporate and Other	Reclassifications and Eliminations	Total
	(In millions)
2023
Operating Revenues — Utility operations	$	5,804	1,748	—	—	—	(86)	$	7,466
Operating Revenues — Non-utility operations	$	14	—	809	4,612	—	(156)	$	5,279
Depreciation and amortization	$	1,340	209	53	4	—	—	$	1,606
Interest expense	$	432	102	15	18	270	(46)	$	791
Interest income	$	(20)	(9)	(32)	(9)	(33)	46	$	(57)
Equity earnings (losses) of equity method investees	$	—	1	7	—	(5)	—	$	3
Income Tax Expense (Benefit)	$	78	93	(22)	112	(92)	—	$	169
Net Income (Loss) Attributable to DTE Energy Company	$	772	294	153	336	(158)	—	$	1,397
Investment in equity method investees	$	5	16	118	—	27	—	$	166
Capital expenditures and acquisitions	$	3,128	746	57	3	—	—	$	3,934
Goodwill	$	1,208	743	25	17	—	—	$	1,993
Total Assets	$	32,292	7,722	1,122	1,166	4,150	(1,697)	$	44,755


	Electric		Gas	DTE Vantage	Energy Trading	Corporate and Other	Reclassifications and Eliminations	Total
	(In millions)
2022
Operating Revenues — Utility operations	$	6,397	1,924	—	—	—	(78)	$	8,243
Operating Revenues — Non-utility operations	$	15	—	848	10,308	—	(186)	$	10,985
Depreciation and amortization	$	1,218	192	52	5	1	—	$	1,468
Interest expense	$	372	91	15	17	210	(30)	$	675
Interest income	$	(8)	(8)	(28)	(6)	(26)	30	$	(46)
Equity earnings of equity method investees	$	—	2	—	—	(16)	—	$	(14)
Income Tax Expense (Benefit)	$	25	88	18	(31)	(71)	—	$	29
Net Income (Loss) Attributable to DTE Energy Company	$	956	272	92	(92)	(145)	—	$	1,083
Investment in equity method investees	$	6	15	111	—	33	—	$	165
Capital expenditures and acquisitions	$	2,620	693	62	3	—	—	$	3,378
Goodwill	$	1,208	743	25	17	—	—	$	1,993
Total Assets	$	30,342	7,321	1,077	1,385	4,409	(1,851)	$	42,683


	Electric		Gas	DTE Vantage	Energy Trading	Corporate and Other(a)	Reclassifications and Eliminations	Total from Continuing Operations		Discontinued Operations	Total
	(In millions)
2021
Operating Revenues — Utility operations	$	5,809	1,553	—	—	—	(74)	$	7,288
Operating Revenues — Non-utility operations	$	12	—	1,482	6,831	2	(651)	$	7,676
Depreciation and amortization	$	1,122	177	71	6	1	—	$	1,377
Interest expense	$	338	81	28	5	270	(92)	$	630
Interest income	$	—	(6)	(23)	(1)	(84)	92	$	(22)
Equity earnings of equity method investees	$	—	1	8	—	29	—	$	38
Income Tax Expense (Benefit)	$	104	38	(31)	(27)	(214)	—	$	(130)
Net Income (Loss) Attributable to DTE Energy Company	$	864	214	168	(83)	(367)	—	$	796	111	$	907
Investment in equity method investees	$	6	13	118	—	50	—	$	187
Capital expenditures and acquisitions	$	3,016	621	69	6	—	—	$	3,712	60	$	3,772
Goodwill	$	1,208	743	25	17	—	—	$	1,993
Total Assets	$	28,524	6,729	983	1,174	4,281	(1,972)	$	39,719	—	$	39,719

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(a)Corporate and Other results include significant one-time items resulting from the separation of DT Midstream, including a loss on debt extinguishment of $376 million following the settlement of intercompany borrowings with DT Midstream and optional redemption of DTE Energy long-term debt. DTE Energy also recognized a tax benefit of $85 million for the remeasurement of state deferred tax liabilities following the separation of DT Midstream.