Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current Assets
Cash and cash equivalents	$ 1,587	$ 140
Restricted cash and cash equivalents	17	17
Accounts receivable and accrued revenue, less allowance of $33 in 2020 and $20 in 2019	737	886
Notes receivable, less allowance of $35 in 2020 and $33 in 2019	264	242
Accounts and notes receivable – related parties	20	17
Inventories at average cost
Gas in underground storage	285	399
Materials and supplies	150	140
Generating plant fuel stock	71	66
Deferred property taxes	223	305
Regulatory assets	16	33
Prepayments and other current assets	162	86
Total current assets	3,532	2,331
Plant, Property, and Equipment
Plant, property, and equipment, gross	25,911	25,390
Less accumulated depreciation and amortization	7,697	7,360
Plant, property, and equipment, net	18,214	18,030
Construction work in progress	1,222	896
Total plant, property, and equipment	19,436	18,926
Other Non-current Assets
Regulatory assets	2,485	2,489
Accounts and notes receivable, less allowance	2,353	2,281
Investments	68	71
Other	707	739
Total other non-current assets	5,613	5,580
Total Assets	28,581	26,837
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	1,744	1,130
Notes payable	0	90
Accounts payable	629	622
Accounts payable – related parties	6	13
Accrued rate refunds	44	35
Accrued interest	109	104
Accrued taxes	326	437
Regulatory liabilities	84	87
Other current liabilities	181	186
Total current liabilities	3,123	2,704
Non-current Liabilities
Long-term debt	13,414	11,951
Non-current portion of finance leases and other financing	67	76
Regulatory liabilities	3,809	3,742
Postretirement benefits	140	674
Asset retirement obligations	483	477
Deferred investment tax credit	118	120
Deferred income taxes	1,763	1,655
Other non-current liabilities	413	383
Total non-current liabilities	20,207	19,078
Commitments and contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	5,217	5,113
Accumulated other comprehensive loss	(76)	(73)
Retained earnings (accumulated deficit)	70	(25)
Total common stockholders’ equity	5,214	5,018
Noncontrolling interests	37	37
Total equity	5,251	5,055
Total Liabilities and Equity	28,581	26,837
Consumers Energy Company
Current Assets
Cash and cash equivalents	1,215	11
Restricted cash and cash equivalents	14	17
Accounts receivable and accrued revenue, less allowance of $33 in 2020 and $20 in 2019	653	827
Accounts and notes receivable – related parties	8	9
Inventories at average cost
Gas in underground storage	285	399
Materials and supplies	145	135
Generating plant fuel stock	68	63
Deferred property taxes	223	305
Regulatory assets	16	33
Prepayments and other current assets	143	73
Total current assets	2,770	1,872
Plant, Property, and Equipment
Plant, property, and equipment, gross	25,468	24,963
Less accumulated depreciation and amortization	7,600	7,272
Plant, property, and equipment, net	17,868	17,691
Construction work in progress	1,211	879
Total plant, property, and equipment	19,079	18,570
Other Non-current Assets
Regulatory assets	2,485	2,489
Accounts and notes receivable, less allowance	26	29
Accounts and notes receivable – related parties	101	102
Other	599	637
Total other non-current assets	3,211	3,257
Total Assets	25,060	23,699
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	556	221
Notes payable	0	90
Accounts payable	595	593
Accounts payable – related parties	13	20
Accrued rate refunds	44	35
Accrued interest	70	67
Accrued taxes	341	481
Regulatory liabilities	84	87
Other current liabilities	117	118
Total current liabilities	1,820	1,712
Non-current Liabilities
Long-term debt	7,867	7,048
Non-current portion of finance leases and other financing	67	76
Regulatory liabilities	3,809	3,742
Postretirement benefits	102	622
Asset retirement obligations	480	474
Deferred investment tax credit	118	120
Deferred income taxes	1,958	1,864
Other non-current liabilities	334	304
Total non-current liabilities	14,735	14,250
Commitments and contingencies
Common stockholders’ equity
Common stock	841	841
Other paid-in capital	6,024	5,374
Accumulated other comprehensive loss	(28)	(28)
Retained earnings (accumulated deficit)	1,631	1,513
Total common stockholders’ equity	8,468	7,700
Cumulative preferred stock, $4.50 series	37	37
Total equity	8,505	7,737
Total Liabilities and Equity	$ 25,060	$ 23,699