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Consolidated Statements of Financial Position (Unaudited) - DTE Electric Company - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 20 $ 26
Restricted cash 67 25
Accounts receivable (less allowance for doubtful accounts of $42 and $41, respectively)    
Accounts receivable 1,503 1,632
Other 247 155
Inventories    
Fuel 392 421
Materials and supplies 772 633
Regulatory assets 48 108
Other 203 242
Total Current Assets 4,516 3,539
Investments    
Nuclear decommissioning trust funds 2,170 2,041
Other 166 168
Total Investments 2,461 2,375
Property    
Property, plant, and equipment 38,985 37,274
Accumulated depreciation and amortization (9,540) (9,105)
Total Property 29,445 28,169
Other Assets    
Regulatory assets 6,501 6,209
Securitized regulatory assets 725 758
Prepaid postretirement costs — affiliates 674 633
Operating lease right-of-use assets 173 132
Other 279 262
Total Other Assets 11,389 10,672
Total Assets 47,811 44,755
Accounts payable    
Accounts payable 1,307 1,361
Accrued interest 229 170
Current portion long-term debt, including securitization bonds and finance leases 3,209 2,142
Regulatory liabilities 46 71
Short-term borrowings    
Short-term borrowings 560 1,283
Operating lease liabilities 17 17
Other 533 452
Total Current Liabilities 6,507 5,883
Long-Term Debt (net of current portion)    
Mortgage bonds, notes, and other 17,701 15,819
Securitization bonds 671 705
Finance lease liabilities 18 13
Total Long-Term Debt (net of current portion) 19,274 17,420
Other Liabilities    
Deferred income taxes 2,843 2,649
Regulatory liabilities 2,645 2,603
Asset retirement obligations 3,867 3,556
Unamortized investment tax credit 179 181
Nuclear decommissioning 339 320
Accrued pension liability — affiliates 307 350
Accrued postretirement liability — affiliates 297 301
Operating lease liabilities 152 108
Other 186 197
Total Other Liabilities 10,918 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) 6,732 6,713
Retained earnings 4,404 4,404
Total DTE Energy/DTE Electric Company Equity 11,106 11,050
Total Liabilities and Equity 47,811 44,755
DTE Electric    
Current Assets    
Cash and cash equivalents 8 15
Restricted cash 53 17
Accounts receivable (less allowance for doubtful accounts of $42 and $41, respectively)    
Other 145 55
Inventories    
Fuel 210 191
Materials and supplies 465 409
Regulatory assets 44 99
Other 97 114
Total Current Assets 1,915 1,676
Investments    
Nuclear decommissioning trust funds 2,170 2,041
Other 63 53
Total Investments 2,233 2,094
Property    
Property, plant, and equipment 29,290 27,936
Accumulated depreciation and amortization (6,919) (6,570)
Total Property 22,371 21,366
Other Assets    
Regulatory assets 5,895 5,596
Securitized regulatory assets 725 758
Prepaid postretirement costs — affiliates 402 378
Operating lease right-of-use assets 144 101
Other 232 216
Total Other Assets 7,398 7,049
Total Assets 33,917 32,185
Accounts payable    
Accrued interest 141 113
Current portion long-term debt, including securitization bonds and finance leases 432 166
Regulatory liabilities 24 49
Short-term borrowings    
Short-term borrowings 560 385
Operating lease liabilities 14 15
Other 188 169
Total Current Liabilities 2,198 1,651
Long-Term Debt (net of current portion)    
Mortgage bonds, notes, and other 10,821 10,174
Securitization bonds 671 705
Finance lease liabilities 8 4
Total Long-Term Debt (net of current portion) 11,500 10,883
Other Liabilities    
Deferred income taxes 3,281 3,109
Regulatory liabilities 1,716 1,710
Asset retirement obligations 3,631 3,326
Unamortized investment tax credit 179 181
Nuclear decommissioning 339 320
Accrued pension liability — affiliates 309 334
Accrued postretirement liability — affiliates 285 290
Operating lease liabilities 127 81
Other 68 76
Total Other Liabilities 9,935 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 2,923 2,863
Total DTE Energy/DTE Electric Company Equity 10,284 10,224
Total Liabilities and Equity 33,917 32,185
DTE Electric | Affiliates    
Accounts receivable (less allowance for doubtful accounts of $42 and $41, respectively)    
Accounts receivable 8 12
Accounts payable    
Accounts payable 61 58
Short-term borrowings    
Short-term borrowings 51 0
DTE Electric | Customer/ Other    
Accounts receivable (less allowance for doubtful accounts of $42 and $41, respectively)    
Accounts receivable 885 764
Accounts payable    
Accounts payable $ 727 $ 696