Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current Assets
Cash and cash equivalents	$ 834	$ 140
Restricted cash and cash equivalents	27	17
Accounts receivable and accrued revenue, less allowance of $22 in 2020 and $20 in 2019	884	886
Notes receivable, less allowance of $33 in both periods	241	223
Notes receivable held for sale	0	19
Accounts and notes receivable – related parties	25	17
Accrued gas revenue	1	0
Inventories at average cost
Gas in underground storage	225	399
Materials and supplies	143	140
Generating plant fuel stock	66	66
Deferred property taxes	246	305
Regulatory assets	24	33
Prepayments and other current assets	101	86
Total current assets	2,817	2,331
Plant, Property, and Equipment
Plant, property, and equipment, gross	25,675	25,390
Less accumulated depreciation and amortization	7,563	7,360
Plant, property, and equipment, net	18,112	18,030
Construction work in progress	1,032	896
Total plant, property, and equipment	19,144	18,926
Other Non-current Assets
Regulatory assets	2,465	2,489
Accounts and notes receivable, less allowance of $66 in 2020 and $- in 2019	2,226	2,281
Investments	72	71
Other	723	739
Total other non-current assets	5,486	5,580
Total Assets	27,447	26,837
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	1,721	1,130
Notes payable	0	90
Accounts payable	490	622
Accounts payable – related parties	7	13
Accrued rate refunds	42	35
Accrued interest	100	104
Accrued taxes	330	437
Regulatory liabilities	88	87
Other current liabilities	162	186
Total current liabilities	2,940	2,704
Non-current Liabilities
Long-term debt	12,545	11,951
Non-current portion of finance leases and other financing	71	76
Regulatory liabilities	3,807	3,742
Postretirement benefits	141	674
Asset retirement obligations	485	477
Deferred investment tax credit	119	120
Deferred income taxes	1,722	1,655
Other non-current liabilities	395	383
Total non-current liabilities	19,285	19,078
Commitments and contingencies
Common stockholders’ equity
Common stock, authorized 350.0 shares; outstanding 286.2 shares in 2020 and 283.9 shares in 2019	3	3
Other paid-in capital	5,207	5,113
Accumulated other comprehensive loss	(76)	(73)
Retained earnings (accumulated deficit)	51	(25)
Total common stockholders’ equity	5,185	5,018
Noncontrolling interests	37	37
Total equity	5,222	5,055
Total Liabilities and Equity	27,447	26,837
Consumers Energy Company
Current Assets
Cash and cash equivalents	604	11
Restricted cash and cash equivalents	24	17
Accounts receivable and accrued revenue, less allowance of $22 in 2020 and $20 in 2019	785	827
Accounts and notes receivable – related parties	8	9
Accrued gas revenue	1	0
Inventories at average cost
Gas in underground storage	225	399
Materials and supplies	137	135
Generating plant fuel stock	64	63
Deferred property taxes	246	305
Regulatory assets	24	33
Prepayments and other current assets	85	73
Total current assets	2,203	1,872
Plant, Property, and Equipment
Plant, property, and equipment, gross	25,246	24,963
Less accumulated depreciation and amortization	7,471	7,272
Plant, property, and equipment, net	17,775	17,691
Construction work in progress	1,013	879
Total plant, property, and equipment	18,788	18,570
Other Non-current Assets
Regulatory assets	2,465	2,489
Accounts and notes receivable, less allowance of $66 in 2020 and $- in 2019	29	29
Accounts and notes receivable – related parties	102	102
Other	619	637
Total other non-current assets	3,215	3,257
Total Assets	24,206	23,699
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	521	221
Notes payable	0	90
Accounts payable	458	593
Accounts payable – related parties	16	20
Accrued rate refunds	42	35
Accrued interest	78	67
Accrued taxes	363	481
Regulatory liabilities	88	87
Other current liabilities	105	118
Total current liabilities	1,671	1,712
Non-current Liabilities
Long-term debt	7,616	7,048
Non-current portion of finance leases and other financing	71	76
Regulatory liabilities	3,807	3,742
Postretirement benefits	103	622
Asset retirement obligations	482	474
Deferred investment tax credit	119	120
Deferred income taxes	1,923	1,864
Other non-current liabilities	311	304
Total non-current liabilities	14,432	14,250
Commitments and contingencies
Common stockholders’ equity
Common stock, authorized 350.0 shares; outstanding 286.2 shares in 2020 and 283.9 shares in 2019	841	841
Other paid-in capital	5,724	5,374
Accumulated other comprehensive loss	(28)	(28)
Retained earnings (accumulated deficit)	1,529	1,513
Total common stockholders’ equity	8,066	7,700
Cumulative preferred stock, $4.50 series	37	37
Total equity	8,103	7,737
Total Liabilities and Equity	$ 24,206	$ 23,699