CMS Energy Corporation Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 446	$ 452
Restricted cash and cash equivalents	28	24
Accounts receivable and accrued revenue	1,042	931
Accounts receivable – related parties	10	12
Inventories at average cost
Gas in underground storage	233	462
Materials and supplies	174	168
Generating plant fuel stock	47	37
Deferred property taxes	287	356
Regulatory assets	34	46
Prepayments and other current assets	158	139
Total current assets	2,459	2,627
Plant, Property, and Equipment
Plant, property, and equipment, gross	30,199	29,893
Less accumulated depreciation and amortization	8,543	8,502
Plant, property, and equipment, net	21,656	21,391
Construction work in progress	884	961
Total plant, property, and equipment	22,540	22,352
Other Non‑current Assets
Regulatory assets	2,138	2,259
Accounts receivable	30	30
Investments	71	71
Other	1,502	1,414
Total other non‑current assets	3,741	3,774
Total Assets	28,740	28,753
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	382	382
Accounts payable	687	875
Accounts payable – related parties	8	11
Accrued rate refunds	0	12
Accrued interest	112	107
Accrued taxes	389	515
Regulatory liabilities	92	146
Other current liabilities	144	156
Total current liabilities	1,814	2,204
Non‑current Liabilities
Long-term debt	12,045	12,046
Non-current portion of finance leases and other financing	46	46
Regulatory liabilities	3,874	3,802
Postretirement benefits	140	142
Asset retirement obligations	619	628
Deferred investment tax credit	111	112
Deferred income taxes	2,315	2,210
Other non‑current liabilities	371	375
Total non‑current liabilities	19,521	19,361
Commitments and Contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	5,406	5,406
Accumulated other comprehensive loss	(54)	(59)
Retained earnings	1,275	1,057
Total common stockholders’ equity	6,630	6,407
Cumulative preferred stock	224	224
Total stockholders’ equity	6,854	6,631
Noncontrolling interests	551	557
Total equity	7,405	7,188
Total Liabilities and Equity	$ 28,740	$ 28,753