Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Schedule Of Carrying Amounts And Fair Values Of Financial Instruments

Presented in the following table are the carrying amounts and fair values, by level within the fair value hierarchy, of CMS Energy’s and Consumers’ financial instruments that are not recorded at fair value. The table excludes cash, cash equivalents, short‑term financial instruments, and trade accounts receivable and payable whose carrying amounts approximate their fair values. For information about assets and liabilities recorded at fair value and for additional details regarding the fair value hierarchy, see Note 5, Fair Value Measurements.

In Millions
	September 30, 2020															December 31, 2019
				Fair Value															Fair Value
	Carrying						Level									Carrying						Level
	Amount			Total			1			2			3			Amount			Total			1			2			3
CMS Energy, including Consumers
Assets
Long-term receivables¹		$	18		$	18		$	—		$	—		$	18		$	20		$	20		$	—		$	—		$	20
Notes receivable²		2,907			3,259			—			—			3,259			2,500			2,652			—			—			2,652
Securities held to maturity		30			31			—			31			—			26			26			—			26			—
Liabilities
Long-term debt³		15,054			17,104			1,185			13,992			1,927			13,062			14,185			1,197			11,048			1,940
Long-term payables4		31			33			—			—			33			30			32			—			—			32
Consumers
Assets
Long-term receivables¹		$	18		$	18		$	—		$	—		$	18		$	20		$	20		$	—		$	—		$	20
Notes receivable – related party5		108			108			—			—			108			103			103			—			—			103
Liabilities
Long-term debt6		7,995			9,440			—			7,513			1,927			7,250			8,010			—			6,070			1,940

¹  Includes current portion of long-term accounts receivable of $12 million at September 30, 2020 and $13 million at December 31, 2019.

²  Includes current portion of notes receivable of $272 million at September 30, 2020 and $242 million at December 31, 2019. For further details, see Note 7, Notes Receivable.

³  Includes current portion of long‑term debt of $1.8 billion at September 30, 2020 and $1.1 billion at December 31, 2019.

⁴  Includes current portion of long‑term payables of $6 million at September 30, 2020 and $1 million at December 31, 2019.

⁵  Includes current portion of notes receivable – related party of $7 million at September 30, 2020 and December 31, 2019. For further details, see Note 7, Notes Receivable.

⁶ 

Includes current portion of long‑term debt of $537 million at September 30, 2020 and $202 million at December 31, 2019.

Schedule Of Investment Securities

Presented in the following table are these investment securities:

In Millions
	September 30, 2020												December 31, 2019
	Cost			Unrealized Gains			Unrealized Losses			Fair Value			Cost			Unrealized Gains			Unrealized Losses			Fair Value
CMS Energy
Debt securities		$	30		$	1		$	—		$	31		$	26		$	—		$	—		$	26

Consumers Energy Company

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Schedule Of Carrying Amounts And Fair Values Of Financial Instruments

Presented in the following table are the carrying amounts and fair values, by level within the fair value hierarchy, of CMS Energy’s and Consumers’ financial instruments that are not recorded at fair value. The table excludes cash, cash equivalents, short‑term financial instruments, and trade accounts receivable and payable whose carrying amounts approximate their fair values. For information about assets and liabilities recorded at fair value and for additional details regarding the fair value hierarchy, see Note 5, Fair Value Measurements.

In Millions
	September 30, 2020															December 31, 2019
				Fair Value															Fair Value
	Carrying						Level									Carrying						Level
	Amount			Total			1			2			3			Amount			Total			1			2			3
CMS Energy, including Consumers
Assets
Long-term receivables¹		$	18		$	18		$	—		$	—		$	18		$	20		$	20		$	—		$	—		$	20
Notes receivable²		2,907			3,259			—			—			3,259			2,500			2,652			—			—			2,652
Securities held to maturity		30			31			—			31			—			26			26			—			26			—
Liabilities
Long-term debt³		15,054			17,104			1,185			13,992			1,927			13,062			14,185			1,197			11,048			1,940
Long-term payables4		31			33			—			—			33			30			32			—			—			32
Consumers
Assets
Long-term receivables¹		$	18		$	18		$	—		$	—		$	18		$	20		$	20		$	—		$	—		$	20
Notes receivable – related party5		108			108			—			—			108			103			103			—			—			103
Liabilities
Long-term debt6		7,995			9,440			—			7,513			1,927			7,250			8,010			—			6,070			1,940

¹  Includes current portion of long-term accounts receivable of $12 million at September 30, 2020 and $13 million at December 31, 2019.

²  Includes current portion of notes receivable of $272 million at September 30, 2020 and $242 million at December 31, 2019. For further details, see Note 7, Notes Receivable.

³  Includes current portion of long‑term debt of $1.8 billion at September 30, 2020 and $1.1 billion at December 31, 2019.

⁴  Includes current portion of long‑term payables of $6 million at September 30, 2020 and $1 million at December 31, 2019.

⁵  Includes current portion of notes receivable – related party of $7 million at September 30, 2020 and December 31, 2019. For further details, see Note 7, Notes Receivable.

⁶ 

Includes current portion of long‑term debt of $537 million at September 30, 2020 and $202 million at December 31, 2019.