Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Current Assets
Cash and cash equivalents	$ 519	$ 140
Restricted cash and cash equivalents	39	17
Accounts receivable and accrued revenue, less allowance of $30 in 2020 and $20 in 2019	648	886
Notes receivable, less allowance of $35 in 2020 and $33 in 2019	272	242
Accounts and notes receivable – related parties	21	17
Inventories at average cost
Gas in underground storage	420	399
Materials and supplies	154	140
Generating plant fuel stock	65	66
Deferred property taxes	199	305
Regulatory assets	9	33
Prepayments and other current assets	148	86
Total current assets	2,494	2,331
Plant, Property, and Equipment
Plant, property, and equipment, gross	27,036	25,390
Less accumulated depreciation and amortization	7,845	7,360
Plant, property, and equipment, net	19,191	18,030
Construction work in progress	1,439	896
Total plant, property, and equipment	20,630	18,926
Other Non-current Assets
Regulatory assets	2,745	2,489
Accounts and notes receivable, less allowance	2,655	2,281
Investments	68	71
Other	688	739
Total other non-current assets	6,156	5,580
Total Assets	29,280	26,837
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	1,799	1,130
Notes payable	0	90
Accounts payable	662	622
Accounts payable – related parties	5	13
Accrued rate refunds	28	35
Accrued interest	108	104
Accrued taxes	128	437
Regulatory liabilities	69	87
Other current liabilities	193	186
Total current liabilities	2,992	2,704
Non-current Liabilities
Long-term debt	13,275	11,951
Non-current portion of finance leases and other financing	61	76
Regulatory liabilities	3,796	3,742
Postretirement benefits	382	674
Asset retirement obligations	510	477
Deferred investment tax credit	116	120
Deferred income taxes	1,821	1,655
Other non-current liabilities	429	383
Total non-current liabilities	20,390	19,078
Commitments and contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	5,225	5,113
Accumulated other comprehensive loss	(79)	(73)
Retained earnings (accumulated deficit)	171	(25)
Total common stockholders’ equity	5,320	5,018
Noncontrolling interests	578	37
Total equity	5,898	5,055
Total Liabilities and Equity	29,280	26,837
Consumers Energy Company
Current Assets
Cash and cash equivalents	199	11
Restricted cash and cash equivalents	24	17
Accounts receivable and accrued revenue, less allowance of $30 in 2020 and $20 in 2019	620	827
Accounts and notes receivable – related parties	8	9
Inventories at average cost
Gas in underground storage	420	399
Materials and supplies	149	135
Generating plant fuel stock	62	63
Deferred property taxes	199	305
Regulatory assets	9	33
Prepayments and other current assets	126	73
Total current assets	1,816	1,872
Plant, Property, and Equipment
Plant, property, and equipment, gross	25,893	24,963
Less accumulated depreciation and amortization	7,747	7,272
Plant, property, and equipment, net	18,146	17,691
Construction work in progress	1,422	879
Total plant, property, and equipment	19,568	18,570
Other Non-current Assets
Regulatory assets	2,745	2,489
Accounts and notes receivable, less allowance	26	29
Accounts and notes receivable – related parties	106	102
Other	575	637
Total other non-current assets	3,452	3,257
Total Assets	24,836	23,699
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	557	221
Notes payable	0	90
Accounts payable	626	593
Accounts payable – related parties	10	20
Accrued rate refunds	28	35
Accrued interest	78	67
Accrued taxes	134	481
Regulatory liabilities	69	87
Other current liabilities	124	118
Total current liabilities	1,626	1,712
Non-current Liabilities
Long-term debt	7,458	7,048
Non-current portion of finance leases and other financing	61	76
Regulatory liabilities	3,796	3,742
Postretirement benefits	339	622
Asset retirement obligations	486	474
Deferred investment tax credit	116	120
Deferred income taxes	2,042	1,864
Other non-current liabilities	349	304
Total non-current liabilities	14,647	14,250
Commitments and contingencies
Common stockholders’ equity
Common stock	841	841
Other paid-in capital	6,024	5,374
Accumulated other comprehensive loss	(27)	(28)
Retained earnings (accumulated deficit)	1,688	1,513
Total common stockholders’ equity	8,526	7,700
Cumulative preferred stock, $4.50 series	37	37
Total equity	8,563	7,737
Total Liabilities and Equity	$ 24,836	$ 23,699