Exit Activities and Discontinued Operations - (Tables)

6 Months Ended

Jun. 30, 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
	Six Months Ended
June 30	2022			2021
Retention benefit liability at beginning of period		$	14		$	11
Costs deferred as a regulatory asset1		3			4
Retention benefit liability at the end of the period2		$	17		$	15

1Includes $2 million for the three months ended June 30, 2022 and 2021.

2Includes current portion of other liabilities of $6 million at June 30, 2022 and $5 million at June 30, 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						Six Months Ended
June 30	2022			2021			2022			2021
Operating revenue		$	—		$	69		$	—		$	139
Expenses
Operating expenses		—			28			—			43
Interest expense		—			11			—			23
Income before income taxes		$	—		$	30		$	—		$	73
Gain on sale1		—			(5)			5			(5)
Income from discontinued operations before income taxes		$	—		$	25		$	5		$	68
Income tax expense		—			7			1			16
Income from discontinued operations, net of tax		$	—		$	18		$	4		$	52

1Amounts in 2021 represent transaction costs.

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
	Six Months Ended
June 30	2022			2021
Retention benefit liability at beginning of period		$	14		$	11
Costs deferred as a regulatory asset1		3			4
Retention benefit liability at the end of the period2		$	17		$	15

1Includes $2 million for the three months ended June 30, 2022 and 2021.

2Includes current portion of other liabilities of $6 million at June 30, 2022 and $5 million at June 30, 2021.