XML 139 R112.htm IDEA: XBRL DOCUMENT v3.20.4
Income Taxes (Schedule Of Effective Income Rate Reconciliation) (Details) - USD ($)
$ in Millions
1 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2018
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Taxes [Line Items]            
Income from continuing operations before income taxes     $ 885 $ 829 $ 774  
Income tax expense at statutory rate     186 174 163  
Increase (decrease) in income taxes from:            
State and local income taxes, net of federal effect     46 48 46  
TCJA excess deferred taxes     (35) (31) (26)  
Production tax credits     (28) (20) (14)  
Accelerated flow-through of regulatory tax benefits     (13) (13) (39)  
Research and development tax credits, net     (11) (2) (11)  
Refund of alternative minimum tax sequestration     (9) 0 0  
Other, net     (3) (9) (4)  
Income tax expense     $ 133 $ 147 $ 115  
Effective tax rate     15.00% 17.70% 14.90%  
Increase (decrease) in tax credit carryforward     $ (7)      
Consumers Energy Company            
Income Taxes [Line Items]            
Income from continuing operations before income taxes     989 $ 928 $ 847  
Income tax expense at statutory rate     208 195 178  
Increase (decrease) in income taxes from:            
State and local income taxes, net of federal effect     47 53 51  
TCJA excess deferred taxes     (35) (31) (26)  
Production tax credits     (19) (12) (12)  
Accelerated flow-through of regulatory tax benefits     (13) (13) (39)  
Research and development tax credits, net     (11) (2) (11)  
Other, net     (4) (5) 1  
Income tax expense     $ 173 $ 185 $ 142  
Effective tax rate     17.50% 19.90% 16.80%  
Net regulatory tax liability     $ 3,895 $ 3,829    
Plant, property, and equipment (subject to normalization) | Consumers Energy Company            
Increase (decrease) in income taxes from:            
Net regulatory tax liability           $ 1,600
Research Tax Credit Carryforward            
Increase (decrease) in income taxes from:            
Increase (decrease) in tax credit carryforward $ 9          
Research Tax Credit Carryforward | Consumers Energy Company            
Increase (decrease) in income taxes from:            
Increase (decrease) in tax credit carryforward $ 8 $ 8