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Separation, Description of the Business, and Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Corporate allocation amounts from DTE Energy are as follows:


	Year Ended December 31,
	2021		2020		2019
	(millions)
Operation and maintenance	$	32	$	29	$	23
Other expense	—		1		1
Total DTE Energy corporate allocations	$	32	$	30	$	24

The following is a summary of DT Midstream's balances with related parties:


	December 31,
	2021		2020
	(millions)
Accounts receivable from DTE Energy	$	—	$	3
Notes receivable from DTE Energy	—		263
Notes receivable from Vector — current	4		—
Notes receivable from Vector — long-term	—		4
Accounts payable to DTE Energy	—		10
Short-term borrowings due to DTE Energy	—		3,175

The following is a summary of DT Midstream’s transactions with related parties:


	Year Ended December 31,
	2021		2020		2019
	(millions)
Revenues
Pipeline	$	5	$	16	$	12
Gathering	10		10		21
Other Costs
Interest income	(5)		(6)		(8)
Interest expense	43		110		75
Operation and maintenance and Other expense	43		54		33
Other
Notes receivable (due from) repaid by DTE Energy	263		(146)		91
Short-term borrowings (repayment of borrowings) from DTE Energy	(3,175)		253		1,235
Dividend to DTE Energy	(501)		—		—
Contributions from DTE Energy	110		252		1,274
Non-cash distributions to DTE Energy	(10)		(62)		(64)

Schedule of Variable Interest Entities

The following table summarizes the major items in the Consolidated Statements of Financial Position for consolidated VIEs as of December 31, 2021 and 2020. All assets and liabilities of a consolidated VIE are presented where it has been determined that a consolidated VIE has either (1) assets that can be used only to settle obligations of the VIE or (2) liabilities for which creditors do not have recourse to the general credit of the primary beneficiary. VIEs, in which DT Midstream holds a majority voting interest and is the primary beneficiary, that meet the definition of a business and whose assets can be used for purposes other than the settlement of the VIE's obligations have been excluded from the table below.

Amounts for consolidated VIEs are as follows:


	December 31,
	2021		2020

	(millions)
ASSETS (a)
Cash	$	23	$	34
Accounts receivable — third party	8		8
Other current assets	3		2
Intangible assets, net	513		527
Property, plant and equipment, net	408		411
Goodwill	25		25
	$	980	$	1,007

LIABILITIES (a)
Accounts payable and other current liabilities	$	5	$	2
Other noncurrent liabilities	4		5
	$	9	$	7

_____________________________________

(a)Amounts shown are 100% of the consolidated VIEs' assets and liabilities.

Amounts for non-consolidated VIEs are as follows:


	December 31,
	2021		2020

	(millions)
Investments in equity method investees	$	—	$	1,349
Notes receivable — current	5		11
Notes receivable — noncurrent	2		15
Future funding commitments	$	—	$	21

Schedule of Equity Method Investments

Equity method investees are described below:


	Investments As of				% Owned As of
	December 31,				December 31,
Equity Method Investee	2021		2020		2021	2020


	(millions)
NEXUS	$	1,348	$	1,349	50%	50%
Vector Pipeline	136		134		40%	40%
Millennium Pipeline	207		208		26%	26%
Total investments in equity method investees	$	1,691	$	1,691

The following table presents summarized financial information of non-consolidated equity method investees in which DT Midstream owns 50% or less. The amounts included below represent 100% of the results of continuing operations of such entities.

Summarized balance sheet data is as follows:


	December 31,
	2021		2020
	(millions)
Current assets	$	201	$	213
Non-current assets	4,300		4,394
Current liabilities	225		201
Non-current liabilities	$	521	$	603

Summarized income statement data is as follows:


	Year Ended December 31,
	2021		2020		2019
	(millions)
Operating revenues	$	738	$	708	$	677
Operating expenses	371		381		369
Net Income	$	333	$	294	$	276

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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