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Consolidated Statements of Financial Position (Unaudited) - DTE Electric Company - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 292 $ 26
Restricted cash 57 25
Accounts receivable (less allowance for doubtful accounts of $40 and $41, respectively)    
Accounts receivable 1,435 1,632
Other 180 155
Inventories    
Fuel 309 421
Materials and supplies 740 633
Regulatory assets 51 108
Other 297 242
Total Current Assets 3,752 3,539
Investments    
Nuclear decommissioning trust funds 2,134 2,041
Other 162 168
Total Investments 2,454 2,375
Property    
Property, plant, and equipment 37,928 37,274
Accumulated depreciation and amortization (9,343) (9,105)
Total Property 28,585 28,169
Other Assets    
Regulatory assets 6,334 6,209
Securitized regulatory assets 741 758
Operating lease right-of-use assets 152 132
Other 260 262
Total Other Assets 11,111 10,672
Total Assets 45,902 44,755
Accounts payable    
Accounts payable 1,098 1,361
Accrued interest 238 170
Current portion long-term debt, including securitization bonds and finance leases 2,409 2,142
Regulatory liabilities 35 71
Short-term borrowings    
Short-term borrowings 290 1,283
Operating lease liabilities 16 17
Other 462 452
Total Current Liabilities 4,975 5,883
Long-Term Debt (net of current portion)    
Mortgage bonds, notes, and other 17,655 15,819
Securitization bonds 690 705
Finance lease liabilities 19 13
Total Long-Term Debt (net of current portion) 19,248 17,420
Other Liabilities    
Deferred income taxes 2,706 2,649
Regulatory liabilities 2,625 2,603
Asset retirement obligations 3,605 3,556
Unamortized investment tax credit 180 181
Nuclear decommissioning 333 320
Operating lease liabilities 130 108
Other 181 197
Total Other Liabilities 10,501 10,397
Commitments and Contingencies (Notes 4 and 11)
Equity    
Common stock ($10 par value, 400,000,000 shares authorized, and 138,632,324 shares issued and outstanding for both periods) 6,710 6,713
Retained earnings 4,505 4,404
Total DTE Energy/DTE Electric Company Equity 11,173 11,050
Total Liabilities and Equity 45,902 44,755
DTE Electric    
Current Assets    
Cash and cash equivalents 195 15
Restricted cash 45 17
Accounts receivable (less allowance for doubtful accounts of $40 and $41, respectively)    
Other 63 55
Inventories    
Fuel 193 191
Materials and supplies 441 409
Regulatory assets 46 99
Prepaid property tax 108 60
Other 44 54
Total Current Assets 1,896 1,676
Investments    
Nuclear decommissioning trust funds 2,134 2,041
Other 60 53
Total Investments 2,194 2,094
Property    
Property, plant, and equipment 28,471 27,936
Accumulated depreciation and amortization (6,783) (6,570)
Total Property 21,688 21,366
Other Assets    
Regulatory assets 5,724 5,596
Securitized regulatory assets 741 758
Prepaid postretirement costs — affiliates 388 378
Operating lease right-of-use assets 123 101
Other 213 216
Total Other Assets 7,189 7,049
Total Assets 32,967 32,185
Accounts payable    
Accrued interest 131 113
Current portion long-term debt, including securitization bonds and finance leases 432 166
Regulatory liabilities 32 49
Short-term borrowings    
Short-term borrowings 210 385
Operating lease liabilities 14 15
Other 175 169
Total Current Liabilities 1,731 1,651
Long-Term Debt (net of current portion)    
Mortgage bonds, notes, and other 10,819 10,174
Securitization bonds 690 705
Finance lease liabilities 8 4
Total Long-Term Debt (net of current portion) 11,517 10,883
Other Liabilities    
Deferred income taxes 3,149 3,109
Regulatory liabilities 1,709 1,710
Asset retirement obligations 3,372 3,326
Unamortized investment tax credit 180 181
Nuclear decommissioning 333 320
Accrued pension liability — affiliates 321 334
Accrued postretirement liability — affiliates 282 290
Operating lease liabilities 105 81
Other 68 76
Total Other Liabilities 9,519 9,427
Commitments and Contingencies (Notes 4 and 11)
Equity    
Common stock ($10 par value, 400,000,000 shares authorized, and 138,632,324 shares issued and outstanding for both periods) 7,361 7,361
Retained earnings 2,839 2,863
Total DTE Energy/DTE Electric Company Equity 10,200 10,224
Total Liabilities and Equity 32,967 32,185
DTE Electric | Affiliates    
Accounts receivable (less allowance for doubtful accounts of $40 and $41, respectively)    
Accounts receivable 10 12
Accounts payable    
Accounts payable 87 58
DTE Electric | Customer/ Other    
Accounts receivable (less allowance for doubtful accounts of $40 and $41, respectively)    
Accounts receivable 751 764
Accounts payable    
Accounts payable $ 650 $ 696