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Leases (Tables)
 12 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Components of Lease Cost and Other Information Related to Leases
The following is a summary of the components of lease cost for the years ended December 31:
DTE EnergyDTE Electric
202420232022202420232022
(In millions)
Operating lease cost$26 $22 $18 $22 $17 $12 
Finance lease cost:
Amortization of right-of-use assets4 7 7 3 6 6 
Interest of lease liabilities1 — 1 1 — — 
Total finance lease cost5 7 8 4 6 6 
Variable lease cost17 13 9 — — — 
Short-term lease cost18 12 19 10 4 10 
$66 $54 $54 $36 $27 $28 
The following is a summary of other information related to leases for the years ended December 31:
DTE EnergyDTE Electric
202420232022202420232022
(In millions)
Supplemental Cash Flows Information
Cash paid for amounts included in the measurement of these liabilities:
Operating cash flows for finance leases$9 $9 $8 $7 $7 $7 
Operating cash flows for operating leases$19 $19 $17 $15 $15 $12 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$75 $61 $5 $74 $61 $2 
Finance leases$16 $5 $3 $14 $5 $1 
Weighted Average Remaining Lease Term (Years)
Operating leases23.318.712.824.819.811.1
Finance leases7.48.98.24.04.51.1
Weighted Average Discount Rate
Operating leases4.8 %4.4 %3.7 %4.9 %4.5 %3.4 %
Finance leases4.6 %4.0 %2.4 %5.8 %5.4 %1.0 %
Schedule of Maturities of Operating Leases
The Registrants' future minimum lease payments under leases for remaining periods as of December 31, 2024 are as follows:
DTE EnergyDTE Electric
Operating LeasesFinance LeasesOperating LeasesFinance Leases
(In millions)
2025$22 $5 $18 $4 
202622 4 19 3 
202722 4 19 3 
202820 4 18 3 
202916 1 13 — 
2030 and thereafter264 7 241 — 
Total future minimum lease payments366 25 328 13 
Imputed interest(178)(2)(168)(1)
Lease liabilities$188 $23 $160 $12 
Schedule of Maturities of Finance Leases
The Registrants' future minimum lease payments under leases for remaining periods as of December 31, 2024 are as follows:
DTE EnergyDTE Electric
Operating LeasesFinance LeasesOperating LeasesFinance Leases
(In millions)
2025$22 $5 $18 $4 
202622 4 19 3 
202722 4 19 3 
202820 4 18 3 
202916 1 13 — 
2030 and thereafter264 7 241 — 
Total future minimum lease payments366 25 328 13 
Imputed interest(178)(2)(168)(1)
Lease liabilities$188 $23 $160 $12 
Schedule of Finance Leases Reported on Consolidated Statement of Financial Position
Finance leases reported on the Consolidated Statements of Financial Position of the Registrants are as follows for the years ended December 31:
DTE EnergyDTE Electric
2024202320242023
(In millions)
Right-of-use assets, within Property, plant, and equipment, net$23 $18 $12 $6 
Current lease liabilities, within Current portion of long-term debt$5 $3 $4 $2 
Long-term lease liabilities$18 $13 $8 $4 
Schedule of Lease Income Associated with Operating Leases
DTE Energy’s lease income associated with operating leases was included on the Consolidated Statements of Operations for the years ended December 31:
202420232022
(In millions)
Fixed payments$15 $15 $15 
Variable payments45 44 67 
$60 $59 $82 
Schedule of Minimum Future Rental Revenues under Operating Leases
DTE Energy’s minimum future rental revenues under operating leases for remaining periods as of December 31, 2024 are as follows:
DTE Energy
(In millions)
2025$14 
202611 
202710 
20286 
20296 
2030 and thereafter29 
$76 
Schedule of Property under Operating Leases
The following is a summary of property under operating leases for DTE Energy as of December 31:
20242023
(In millions)
Gross property under operating leases$227 $228 
Accumulated amortization of property under operating leases$118 $118