Financings and Capitalization (Tables)

6 Months Ended

Jun. 30, 2022

Debt Instrument [Line Items]

Schedule of Major Long-Term Debt Retirements

Presented in the following table is a summary of major long-term debt retirements during the six months ended June 30, 2022:

	Principal (In Millions)			Interest Rate	Retirement Date	Maturity Date
CMS Enterprises, including subsidiaries
Term loan facility		$	76	variable	June 2022	October 2025

Schedule of Revolving Credit Facilities

The following credit facilities with banks were available at June 30, 2022:

In Millions
Expiration Date	Amount of Facility			Amount Borrowed			Letters of Credit Outstanding			Amount Available
CMS Energy, parent only
June 5, 2024		$	550		$	—		$	14		$	536
September 23, 2022		50			—			50			—
CMS Enterprises, including subsidiaries
September 25, 20251		$	37		$	—		$	37		$	—
Consumers2
June 5, 2024		$	850		$	—		$	13		$	837
November 19, 2023		250			—			61			189

1This letter of credit facility is available to Aviator Wind Equity Holdings. For more information regarding Aviator Wind Equity Holdings, see Note 12, Variable Interest Entities.

2Obligations under these facilities are secured by first mortgage bonds of Consumers.

Schedule of Forward Contracts

Presented in the following table are details of CMS Energy’s forward sales contracts under this program at June 30, 2022:

			Forward Price Per Share
Contract Date	Maturity Date	Number of Shares	Initial			June 30, 2022
September 15, 2020	December 31, 2022	846,759		$	61.04		$	57.57
December 22, 2020	December 31, 2023	115,595		61.81			58.72

Consumers Energy Company

Debt Instrument [Line Items]

Schedule of Revolving Credit Facilities

The following credit facilities with banks were available at June 30, 2022:

In Millions
Expiration Date	Amount of Facility			Amount Borrowed			Letters of Credit Outstanding			Amount Available
CMS Energy, parent only
June 5, 2024		$	550		$	—		$	14		$	536
September 23, 2022		50			—			50			—
CMS Enterprises, including subsidiaries
September 25, 20251		$	37		$	—		$	37		$	—
Consumers2
June 5, 2024		$	850		$	—		$	13		$	837
November 19, 2023		250			—			61			189

1This letter of credit facility is available to Aviator Wind Equity Holdings. For more information regarding Aviator Wind Equity Holdings, see Note 12, Variable Interest Entities.

2Obligations under these facilities are secured by first mortgage bonds of Consumers.