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Consolidated Statements of Changes In Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Other Paid-in Capital
Accumulated Other Comprehensive Loss
Retirement benefits liability
Derivative instruments
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Preferred Stock
Noncontrolling Interests
Consumers Energy Company
Consumers Energy Company
Common Stock
Consumers Energy Company
Other Paid-in Capital
Consumers Energy Company
Accumulated Other Comprehensive Loss
Consumers Energy Company
Retirement benefits liability
Consumers Energy Company
Retained Earnings (Accumulated Deficit)
Consumers Energy Company
Cumulative Preferred Stock
Total Equity at Beginning of Period at Dec. 31, 2019 $ 5,055 $ 3 $ 5,113 $ (73) $ (69) $ (4) $ (25) $ (51) $ 0 $ 37 $ 7,737 $ 841 $ 5,374 $ (28) $ (28) $ 1,513 $ 37
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Stock issued     125           0                
Common stock repurchased     (13)                            
Stockholder contribution                         650        
Net loss arising during the period, net of tax (5)       (5)                        
Settlement arising during the period, net of tax 1       1                        
Amortization of net actuarial loss 3       3           1       1    
Amortization of prior service credit (1)       (1)                        
Unrealized gain (loss) on derivative instruments (5)         (5)                      
Reclassification adjustments included in net income 1         1                      
Net Income 590           597     (7) 625         625  
Dividends declared on common stock             (350)                 (449)  
Dividends declared on preferred stock             0                 (1)  
Impact of purchase and consolidation of VIE                   101              
Sale of membership interest in VIE to tax equity investor                   417              
Contribution from noncontrolling interest                   31              
Distributions and other changes in noncontrolling interests                   (1)              
Total Equity at End of Period at Sep. 30, 2020 $ 5,898 3 5,225 (79) (71) (8) 171   0 578 8,563 841 6,024 (27) (27) 1,688 37
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Dividends declared per common share (in dollars per share) $ 1.2225                                
Dividends declared per preferred stock Series C depositary share (in dollars per share) $ 0                                
Total Equity at Beginning of Period at Jun. 30, 2020 $ 5,251 3 5,217 (76) (68) (8) 70 0 0 37 8,505 841 6,024 (28) (28) 1,631 37
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Stock issued     8           0                
Common stock repurchased     0                            
Stockholder contribution                         0        
Net loss arising during the period, net of tax (5)       (5)                        
Settlement arising during the period, net of tax 1       1                        
Amortization of net actuarial loss 1       1           1       1    
Amortization of prior service credit 0       0                        
Unrealized gain (loss) on derivative instruments (1)         (1)                      
Reclassification adjustments included in net income 1         1                      
Net Income 210           218     (8) 230         230  
Dividends declared on common stock             (117)                 (173)  
Dividends declared on preferred stock             0                 0  
Impact of purchase and consolidation of VIE                   101              
Sale of membership interest in VIE to tax equity investor                   417              
Contribution from noncontrolling interest                   31              
Distributions and other changes in noncontrolling interests                   0              
Total Equity at End of Period at Sep. 30, 2020 $ 5,898 3 5,225 (79) (71) (8) 171   0 578 8,563 841 6,024 (27) (27) 1,688 37
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Dividends declared per common share (in dollars per share) $ 0.4075                                
Dividends declared per preferred stock Series C depositary share (in dollars per share) $ 0                                
Total Equity at Beginning of Period at Dec. 31, 2020 $ 6,077 3 5,365 (86) (80) (6) 214 0 0 581 8,556 841 6,024 (36) (36) 1,690 37
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Stock issued     41           224                
Common stock repurchased     (9)                            
Stockholder contribution                         575        
Net loss arising during the period, net of tax 0       0                        
Settlement arising during the period, net of tax 0       0                        
Amortization of net actuarial loss 5       5           2       2    
Amortization of prior service credit (1)       (1)                        
Unrealized gain (loss) on derivative instruments 1         1                      
Reclassification adjustments included in net income 0         0                      
Net Income 696           714     (18) 712         712  
Dividends declared on common stock             (378)                 (570)  
Dividends declared on preferred stock             (3)                 (1)  
Impact of purchase and consolidation of VIE                   0              
Sale of membership interest in VIE to tax equity investor                   0              
Contribution from noncontrolling interest                   1              
Distributions and other changes in noncontrolling interests                   (1)              
Total Equity at End of Period at Sep. 30, 2021 $ 6,653 3 5,397 (81) (76) (5) 547   224 563 9,274 841 6,599 (34) (34) 1,831 37
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Dividends declared per common share (in dollars per share) $ 1.3050                                
Dividends declared per preferred stock Series C depositary share (in dollars per share) $ 0.3063                                
Total Equity at Beginning of Period at Jun. 30, 2021 $ 6,366 3 5,389 (82) (77) (5) 487 $ 0 0 569 8,977 841 6,299 (35) (35) 1,835 37
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Stock issued     8           224                
Common stock repurchased     0                            
Stockholder contribution                         300        
Net loss arising during the period, net of tax 0       0                        
Settlement arising during the period, net of tax 0       0                        
Amortization of net actuarial loss 1       1           1       1    
Amortization of prior service credit 0       0                        
Unrealized gain (loss) on derivative instruments 0         0                      
Reclassification adjustments included in net income 0         0                      
Net Income 183           189     (6) 186         186  
Dividends declared on common stock             (126)                 (190)  
Dividends declared on preferred stock             (3)                 0  
Impact of purchase and consolidation of VIE                   0              
Sale of membership interest in VIE to tax equity investor                   0              
Contribution from noncontrolling interest                   0              
Distributions and other changes in noncontrolling interests                   0              
Total Equity at End of Period at Sep. 30, 2021 $ 6,653 $ 3 $ 5,397 $ (81) $ (76) $ (5) $ 547   $ 224 $ 563 $ 9,274 $ 841 $ 6,599 $ (34) $ (34) $ 1,831 $ 37
Increase (Decrease) in Stockholders' Equity [Roll Forward]                                  
Dividends declared per common share (in dollars per share) $ 0.4350                                
Dividends declared per preferred stock Series C depositary share (in dollars per share) $ 0.3063