XML 58 R41.htm IDEA: XBRL DOCUMENT v3.21.2
Financings And Capitalization (Narrative) (Details)
1 Months Ended 9 Months Ended
Jul. 01, 2021
USD ($)
$ / shares
shares
Oct. 28, 2021
USD ($)
Dec. 31, 2020
USD ($)
Sep. 30, 2021
USD ($)
shares
Sep. 30, 2020
USD ($)
Jul. 31, 2020
USD ($)
Financing And Capitalization [Line Items]            
Limitation on payment of stock dividends       $ 5,900,000,000    
Dividends paid       570,000,000    
Stock offering program maximum value       $ 500,000,000    
Number of shares required to settle forward contracts (in shares) | shares       10,266    
Issuance of preferred stock, net of issuance costs       $ 224,000,000 $ 0  
Term Loan Facility Due November 2021 | Subsequent Event            
Financing And Capitalization [Line Items]            
Debt retirement, principal   $ 200,000,000        
Series C Preferred Stock Depositary Shares            
Financing And Capitalization [Line Items]            
Number of shares issued (in shares) | shares 9,200,000          
Depositary share conversion ratio 0.001          
Issue price (in dollars per share) | $ / shares $ 25.00          
Issuance of preferred stock, net of issuance costs $ 224,000,000          
Dividend rate 4.20%          
Optional redemption price (in dollars per share) | $ / shares $ 25.00          
Series C Preferred Stock            
Financing And Capitalization [Line Items]            
Optional redemption price (in dollars per share) | $ / shares $ 25,000          
Consumers Energy Company            
Financing And Capitalization [Line Items]            
Notes payable – related parties     $ 307,000,000 0    
Unrestricted retained earnings       1,800,000,000    
Consumers Energy Company | Tax Exempt Revenue Bonds Due 2035 | Tax Exempt Revenue Bonds            
Financing And Capitalization [Line Items]            
Debt repurchased           $ 35,000,000
Consumers Energy Company | Tax Exempt Revenue Bonds Due 2026 | Tax Exempt Revenue Bonds | Subsequent Event            
Financing And Capitalization [Line Items]            
Debt reissued   $ 35,000,000        
Interest rate   0.875%        
Consumers Energy Company | Credit Agreement            
Financing And Capitalization [Line Items]            
Maximum borrowing capacity     $ 350,000,000      
Notes payable – related parties       0    
Consumers Energy Company | Credit Agreement | Subsequent Event            
Financing And Capitalization [Line Items]            
Maximum borrowing capacity   $ 500,000,000        
Consumers Energy Company | Credit Agreement | London Interbank Offered Rate (LIBOR)            
Financing And Capitalization [Line Items]            
Basis spread on variable rate     0.10%      
Consumers Energy Company | Commercial Paper            
Financing And Capitalization [Line Items]            
Short-term debt authorized borrowings       500,000,000    
Short-term borrowings outstanding       $ 0