XML 86 R62.htm IDEA: XBRL DOCUMENT v3.25.0.1
Segment and Related Information (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Financial Data of Business Segments
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.
Year Ended December 31,
202420232022
(In millions)
Electric segment(a)
$71 $72 $71 
Gas segment16 17 13 
DTE Vantage segment43 68 78 
Energy Trading segment100 85 102 
$230 $242 $264 
_______________________________________
(a)Inter-segment billing for the Electric segment relating to Non-utility operations includes $3 million for the years ended December 31, 2024 and 2023 and $6 million for the year ended December 31, 2022.
Financial data of DTE Energy's business segments follows:
Electric(a)
Gas
DTE
Vantage
Energy
Trading
Total
Reportable
Segments
Corporate
and
Other
Reclassifications
and
Eliminations
Total
(In millions)
2024 Segment profit (loss)
Operating Revenues — Utility operations$6,277 1,798 — — $8,075 — (85)$7,990 
Operating Revenues — Non-utility operations$16 — 753 3,843 $4,612 — (145)$4,467 
Depreciation and amortization$1,447 221 59 5 $1,732 — — $1,732 
Interest expense$498 118 28 14 $658 351 (58)$951 
Interest income$(7)(10)(76)(15)$(108)(86)58 $(136)
Equity earnings (losses) of equity method investees$— 1 15 — $16 (1)— $15 
Other segment items (pre-tax)(b)
$3,314 1,134 629 3,672 $8,749 6 (230)$8,525 
Income Tax Expense (Benefit)$(31)77 (37)42 $51 (85)— $(34)
Net Income (Loss) Attributable to DTE Energy Company$1,072 257 135 125 $1,589 (185)— $1,404 
2024 Other segment financial data
Investment in equity method investees$5 18 82 — $105 23 — $128 
Capital expenditures and acquisitions$3,659 740 65 3 $4,467 — — $4,467 
Goodwill$1,208 743 25 17 $1,993 — — $1,993 
Total Assets$35,400 8,474 2,065 1,159 $47,098 4,723 (2,975)$48,846 
2023 Segment profit (loss)
Operating Revenues — Utility operations$5,804 1,748 — — $7,552 — (86)$7,466 
Operating Revenues — Non-utility operations$14 — 809 4,612 $5,435 — (156)$5,279 
Depreciation and amortization$1,340 209 53 4 $1,606 — — $1,606 
Interest expense$432 102 15 18 $567 270 (46)$791 
Interest income$(20)(9)(32)(9)$(70)(33)46 $(57)
Equity earnings (losses) of equity method investees$— 1 7 — $8 (5)— $3 
Other segment items (pre-tax)(b)
$3,216 1,058 635 4,151 $9,060 18 (242)$8,836 
Income Tax Expense (Benefit)$78 93 (22)112 $261 (92)— $169 
Net Income (Loss) Attributable to
DTE Energy Company
$772 294 153 336 $1,555 (158)— $1,397 
2023 Other segment financial data
Investment in equity method investees$5 16 118 — $139 27 — $166 
Capital expenditures and acquisitions$3,128 746 57 3 $3,934 — — $3,934 
Goodwill$1,208 743 25 17 $1,993 — — $1,993 
Total Assets$32,292 7,722 1,122 1,166 $42,302 4,150 (1,697)$44,755 
_______________________________________
(a)The Electric segment consists principally of DTE Electric. Refer to the DTE Electric Consolidated Statements of Operations and the DTE Electric Consolidated Statements of Financial Position for the standalone DTE Electric amounts.
(b)Other segment items include Fuel, purchased power, and gas — utility; Fuel, purchased power, gas, and other — non-utility; Operation and maintenance; Taxes other than income; Asset (gains) losses and impairments, net; Non-operating retirement benefits, net; Other income; and Other expenses.
Electric(a)
Gas
DTE
Vantage
Energy
Trading
Total
Reportable
Segments
Corporate
and
Other
Reclassifications
and
Eliminations
Total
(In millions)
2022 Segment profit (loss)
Operating Revenues — Utility operations$6,397 1,924 — — $8,321 — (78)$8,243 
Operating Revenues — Non-utility operations$15 — 848 10,308 $11,171 — (186)$10,985 
Depreciation and amortization$1,218 192 52 5 $1,467 1 — $1,468 
Interest expense$372 91 15 17 $495 210 (30)$675 
Interest income$(8)(8)(28)(6)$(50)(26)30 $(46)
Equity earnings (losses) of equity method investees$— 2 — — $2 (16)— $(14)
Other segment items (pre-tax)(b)
$3,849 1,287 699 10,415 $16,250 47 (264)$16,033 
Income Tax Expense (Benefit)$25 88 18 (31)$100 (71)— $29 
Net Income (Loss) Attributable to DTE Energy Company$956 272 92 (92)$1,228 (145)— $1,083 
2022 Other segment financial data
Investment in equity method investees$6 15 111 — $132 33 — $165 
Capital expenditures and acquisitions$2,620 693 62 3 $3,378 — — $3,378 
Goodwill$1,208 743 25 17 $1,993 — — $1,993 
Total Assets$30,342 7,321 1,077 1,385 $40,125 4,409 (1,851)$42,683 
_______________________________________
(a)The Electric segment consists principally of DTE Electric. Refer to the DTE Electric Consolidated Statements of Operations and the DTE Electric Consolidated Statements of Financial Position for the standalone DTE Electric amounts.
(b)Other segment items include Fuel, purchased power, and gas — utility; Fuel, purchased power, gas, and other — non-utility; Operation and maintenance; Taxes other than income; Asset (gains) losses and impairments, net; Non-operating retirement benefits, net; Other income; and Other expenses.