Consumers Energy Company Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 77	$ 452
Restricted cash and cash equivalents	19	24
Accounts receivable and accrued revenue	991	931
Accounts receivable – related parties	13	12
Inventories at average cost
Gas in underground storage	606	462
Materials and supplies	184	168
Generating plant fuel stock	55	37
Deferred property taxes	258	356
Regulatory assets	23	46
Prepayments and other current assets	167	139
Total current assets	2,393	2,627
Other Non‑current Assets
Regulatory assets	3,367	2,259
Accounts receivable	29	30
Other	1,555	1,414
Total other non‑current assets	5,020	3,774
Total Assets	29,040	28,753
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	674	382
Notes payable	45	0
Accounts payable	906	875
Accounts payable – related parties	8	11
Accrued rate refunds	0	12
Accrued interest	107	107
Accrued taxes	392	515
Regulatory liabilities	76	146
Other current liabilities	181	156
Total current liabilities	2,389	2,204
Non‑current Liabilities
Long-term debt	11,667	12,046
Non-current portion of finance leases and other financing	44	46
Regulatory liabilities	3,873	3,802
Postretirement benefits	137	142
Asset retirement obligations	620	628
Deferred investment tax credit	131	112
Deferred income taxes	2,326	2,210
Other non‑current liabilities	382	375
Total non‑current liabilities	19,180	19,361
Commitments and Contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	5,417	5,406
Accumulated other comprehensive loss	(52)	(59)
Retained earnings	1,286	1,057
Total common stockholders’ equity	6,654	6,407
Cumulative preferred stock	224	224
Total stockholders’ equity	6,878	6,631
Total Liabilities and Equity	29,040	28,753
Consumers Energy Company
Current Assets
Cash and cash equivalents	8	22
Restricted cash and cash equivalents	18	22
Accounts receivable and accrued revenue	944	905
Accounts receivable – related parties	9	9
Inventories at average cost
Gas in underground storage	606	462
Materials and supplies	179	163
Generating plant fuel stock	51	33
Deferred property taxes	258	356
Regulatory assets	23	46
Prepayments and other current assets	108	103
Total current assets	2,204	2,121
Plant, Property, and Equipment
Plant, property, and equipment, gross	28,304	28,771
Less accumulated depreciation and amortization	8,561	8,371
Plant, property, and equipment, net	19,743	20,400
Construction work in progress	838	915
Total plant, property, and equipment	20,581	21,315
Other Non‑current Assets
Regulatory assets	3,367	2,259
Accounts receivable	35	36
Accounts and notes receivable – related parties	100	102
Other	1,428	1,307
Total other non‑current assets	4,930	3,704
Total Assets	27,715	27,140
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	674	374
Notes payable	45	0
Notes payable – related parties	32	392
Accounts payable	854	835
Accounts payable – related parties	15	16
Accrued rate refunds	0	12
Accrued interest	75	75
Accrued taxes	427	529
Regulatory liabilities	76	146
Other current liabilities	149	109
Total current liabilities	2,347	2,488
Non‑current Liabilities
Long-term debt	7,738	8,050
Non-current portion of finance leases and other financing	44	46
Regulatory liabilities	3,873	3,802
Postretirement benefits	101	104
Asset retirement obligations	596	605
Deferred investment tax credit	131	112
Deferred income taxes	2,470	2,340
Other non‑current liabilities	328	314
Total non‑current liabilities	15,281	15,373
Commitments and Contingencies
Common stockholders’ equity
Common stock	841	841
Other paid-in capital	7,284	6,599
Accumulated other comprehensive loss	(31)	(32)
Retained earnings	1,956	1,834
Total common stockholders’ equity	10,050	9,242
Cumulative preferred stock	37	37
Total stockholders’ equity	10,087	9,279
Total Liabilities and Equity	$ 27,715	$ 27,140