Exit Activities and Discontinued Operations - (Tables)

3 Months Ended

Mar. 31, 2022

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Retention Benefit Liability Roll Forward

Presented in the following table is a reconciliation of the retention benefit liability recorded in other liabilities on Consumers’ consolidated balance sheets:

In Millions
Three Months Ended March 31	2022			2021
Retention benefit liability at beginning of period		$	14		$	11
Costs deferred as a regulatory asset		1			2
Retention benefit liability at the end of the period1		$	15		$	13

1Includes current portion of other liabilities of $5 million at March 31, 2022 and $4 million at March 31, 2021.

Schedule of Income, Assets, and Liabilities from Discontinued Operations

The table below presents the financial results of EnerBank included in income from discontinued operations:

In Millions
Three Months Ended March 31	2022			2021
Operating revenue		$	—		$	70
Expenses
Operating expenses		—			15
Interest expense		—			12
Income before income taxes		$	—		$	43
Gain on sale		5			—
Income from discontinued operations before income taxes		$	5		$	43
Income tax expense		1			9
Income from discontinued operations, net of tax		$	4		$	34

Consumers Energy Company

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Schedule of Retention Benefit Liability Roll Forward

Presented in the following table is a reconciliation of the retention benefit liability recorded in other liabilities on Consumers’ consolidated balance sheets:

In Millions
Three Months Ended March 31	2022			2021
Retention benefit liability at beginning of period		$	14		$	11
Costs deferred as a regulatory asset		1			2
Retention benefit liability at the end of the period1		$	15		$	13

1Includes current portion of other liabilities of $5 million at March 31, 2022 and $4 million at March 31, 2021.