XML 59 R44.htm IDEA: XBRL DOCUMENT v3.22.2.2
Exit Activities and Discontinued Operations - (Tables)
9 Months Ended
Sep. 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
Nine Months Ended
September 3020222021
Retention benefit liability at beginning of period$14 $11 
Costs deferred as a regulatory asset1
14 
Costs incurred and capitalized— 
Retention benefit liability at the end of the period2
$28 $17 
1Includes $11 million for the three months ended September 30, 2022 and $2 million for the three months ended September 30, 2021.
2Includes current portion of other liabilities of $25 million at September 30, 2022 and $5 million at September 30, 2021.
Schedule of Income, Assets, and Liabilities from Discontinued Operations The table below presents the financial results of EnerBank included in income from discontinued operations:
In Millions
Three Months EndedNine Months Ended
September 302022202120222021
Operating revenue$— $70 $— $209 
Expenses
Operating expenses— 17 — 60 
Interest expense— 11 — 34 
Income before income taxes$— $42 $— $115 
Gain on sale1
— (3)(8)
Income from discontinued operations before income taxes$— $39 $$107 
Income tax expense— 25 
Income from discontinued operations, net of tax$— $30 $$82 
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
Nine Months Ended
September 3020222021
Retention benefit liability at beginning of period$14 $11 
Costs deferred as a regulatory asset1
14 
Costs incurred and capitalized— 
Retention benefit liability at the end of the period2
$28 $17 
1Includes $11 million for the three months ended September 30, 2022 and $2 million for the three months ended September 30, 2021.
2Includes current portion of other liabilities of $25 million at September 30, 2022 and $5 million at September 30, 2021.