Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

Presented in the following table are CMS Energy’s and Consumers’ assets and liabilities recorded at fair value on a recurring basis:

In Millions
	CMS Energy, including Consumers						Consumers
	September 30 2022			December 31 2021			September 30 2022			December 31 2021
Assets1
Restricted cash equivalents		$	27		$	24		$	27		$	22
Nonqualified deferred compensation plan assets		22			27			17			21
Derivative instruments		3			2			3			2
Total assets		$	52		$	53		$	47		$	45
Liabilities1
Nonqualified deferred compensation plan liabilities		$	22		$	27		$	17		$	21
Derivative instruments		—			7			—			—
Total liabilities		$	22		$	34		$	17		$	21

1All assets and liabilities were classified as Level 1 with the exception of derivative contracts, which were classified as Level 2 or Level 3.

Consumers Energy Company

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

Presented in the following table are CMS Energy’s and Consumers’ assets and liabilities recorded at fair value on a recurring basis:

In Millions
	CMS Energy, including Consumers						Consumers
	September 30 2022			December 31 2021			September 30 2022			December 31 2021
Assets1
Restricted cash equivalents		$	27		$	24		$	27		$	22
Nonqualified deferred compensation plan assets		22			27			17			21
Derivative instruments		3			2			3			2
Total assets		$	52		$	53		$	47		$	45
Liabilities1
Nonqualified deferred compensation plan liabilities		$	22		$	27		$	17		$	21
Derivative instruments		—			7			—			—
Total liabilities		$	22		$	34		$	17		$	21

1All assets and liabilities were classified as Level 1 with the exception of derivative contracts, which were classified as Level 2 or Level 3.