Consumers Energy Company Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 168	$ 452
Restricted cash and cash equivalents	27	24
Accounts receivable and accrued revenue	1,161	931
Accounts receivable – related parties	14	12
Inventories at average cost
Gas in underground storage	1,057	462
Materials and supplies	196	168
Generating plant fuel stock	51	37
Deferred property taxes	234	356
Regulatory assets	15	46
Prepayments and other current assets	103	139
Total current assets	3,026	2,627
Other Non‑current Assets
Regulatory assets	3,427	2,259
Accounts receivable	28	30
Other	1,481	1,414
Total other non‑current assets	5,006	3,774
Total Assets	30,372	28,753
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	1,000	382
Accounts payable	949	875
Accounts payable – related parties	7	11
Accrued rate refunds	0	12
Accrued interest	117	107
Accrued taxes	178	515
Regulatory liabilities	67	146
Other current liabilities	170	156
Total current liabilities	2,488	2,204
Non‑current Liabilities
Long-term debt	12,685	12,046
Non-current portion of finance leases and other financing	70	46
Regulatory liabilities	3,862	3,802
Postretirement benefits	136	142
Asset retirement obligations	747	628
Deferred investment tax credit	130	112
Deferred income taxes	2,367	2,210
Other non‑current liabilities	383	375
Total non‑current liabilities	20,380	19,361
Commitments and Contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	5,423	5,406
Accumulated other comprehensive loss	(52)	(59)
Retained earnings	1,315	1,057
Total common stockholders’ equity	6,689	6,407
Cumulative preferred stock	224	224
Total stockholders’ equity	6,913	6,631
Total Liabilities and Equity	30,372	28,753
Consumers Energy Company
Current Assets
Cash and cash equivalents	83	22
Restricted cash and cash equivalents	27	22
Accounts receivable and accrued revenue	1,121	905
Accounts receivable – related parties	9	9
Inventories at average cost
Gas in underground storage	1,057	462
Materials and supplies	190	163
Generating plant fuel stock	46	33
Deferred property taxes	234	356
Regulatory assets	15	46
Prepayments and other current assets	85	103
Total current assets	2,867	2,121
Plant, Property, and Equipment
Plant, property, and equipment, gross	28,978	28,771
Less accumulated depreciation and amortization	8,704	8,371
Plant, property, and equipment, net	20,274	20,400
Construction work in progress	939	915
Total plant, property, and equipment	21,213	21,315
Other Non‑current Assets
Regulatory assets	3,427	2,259
Accounts receivable	34	36
Accounts and notes receivable – related parties	99	102
Other	1,352	1,307
Total other non‑current assets	4,912	3,704
Total Assets	28,992	27,140
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	1,000	374
Notes payable – related parties	0	392
Accounts payable	881	835
Accounts payable – related parties	12	16
Accrued rate refunds	0	12
Accrued interest	86	75
Accrued taxes	218	529
Regulatory liabilities	67	146
Other current liabilities	147	109
Total current liabilities	2,411	2,488
Non‑current Liabilities
Long-term debt	8,756	8,050
Non-current portion of finance leases and other financing	47	46
Regulatory liabilities	3,862	3,802
Postretirement benefits	100	104
Asset retirement obligations	723	605
Deferred investment tax credit	130	112
Deferred income taxes	2,516	2,340
Other non‑current liabilities	330	314
Total non‑current liabilities	16,464	15,373
Commitments and Contingencies
Common stockholders’ equity
Common stock	841	841
Other paid-in capital	7,284	6,599
Accumulated other comprehensive loss	(30)	(32)
Retained earnings	1,985	1,834
Total common stockholders’ equity	10,080	9,242
Cumulative preferred stock	37	37
Total stockholders’ equity	10,117	9,279
Total Liabilities and Equity	$ 28,992	$ 27,140