Consumers Energy Company Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 571	$ 164
Restricted cash and cash equivalents	27	18
Accounts receivable and accrued revenue	1,009	1,564
Accounts receivable – related parties	13	16
Inventories at average cost
Gas in underground storage	437	840
Materials and supplies	228	212
Generating plant fuel stock	61	65
Deferred property taxes	310	384
Regulatory assets	203	57
Prepayments and other current assets	130	113
Total current assets	2,989	3,433
Other Non‑current Assets
Regulatory assets	3,804	3,595
Accounts receivable	23	23
Postretirement benefits	1,241	1,208
Other	254	310
Total other non‑current assets	5,394	5,207
Total Assets	31,386	31,353
Current Liabilities
Current portion of long-term debt and finance leases	1,433	1,099
Notes payable	0	20
Accounts payable	679	928
Accounts payable – related parties	8	8
Accrued rate refunds	28	0
Accrued interest	125	122
Accrued taxes	408	538
Regulatory liabilities	107	104
Other current liabilities	154	166
Total current liabilities	2,942	2,985
Non‑current Liabilities
Long-term debt	12,985	13,122
Non-current portion of finance leases	66	68
Regulatory liabilities	3,886	3,796
Postretirement benefits	107	108
Asset retirement obligations	762	746
Deferred investment tax credit	128	129
Deferred income taxes	2,451	2,407
Other non‑current liabilities	407	397
Total non‑current liabilities	20,792	20,773
Commitments and Contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	5,494	5,490
Accumulated other comprehensive loss	(51)	(52)
Retained earnings	1,410	1,350
Total common stockholders’ equity	6,856	6,791
Cumulative preferred stock	224	224
Total stockholders’ equity	7,080	7,015
Total Liabilities and Equity	31,386	31,353
Consumers Energy Company
Current Assets
Cash and cash equivalents	317	43
Restricted cash and cash equivalents	26	17
Accounts receivable and accrued revenue	980	1,524
Accounts receivable – related parties	12	10
Inventories at average cost
Gas in underground storage	437	840
Materials and supplies	222	206
Generating plant fuel stock	57	59
Deferred property taxes	310	384
Regulatory assets	203	57
Prepayments and other current assets	106	96
Total current assets	2,670	3,236
Plant, Property, and Equipment
Plant, property, and equipment, gross	29,721	29,342
Less accumulated depreciation and amortization	8,948	8,791
Plant, property, and equipment, net	20,773	20,551
Construction work in progress	1,012	994
Total plant, property, and equipment	21,785	21,545
Other Non‑current Assets
Regulatory assets	3,804	3,595
Accounts receivable	29	29
Accounts and notes receivable – related parties	98	99
Postretirement benefits	1,156	1,126
Other	230	286
Total other non‑current assets	5,317	5,135
Total Assets	29,772	29,916
Current Liabilities
Current portion of long-term debt and finance leases	998	1,000
Notes payable	0	20
Notes payable – related parties	0	75
Accounts payable	633	864
Accounts payable – related parties	15	15
Accrued rate refunds	28	0
Accrued interest	93	90
Accrued taxes	433	556
Regulatory liabilities	107	104
Other current liabilities	123	147
Total current liabilities	2,430	2,871
Non‑current Liabilities
Long-term debt	9,304	9,192
Non-current portion of finance leases	43	45
Regulatory liabilities	3,886	3,796
Postretirement benefits	79	79
Asset retirement obligations	737	722
Deferred investment tax credit	128	129
Deferred income taxes	2,636	2,585
Other non‑current liabilities	354	342
Total non‑current liabilities	17,167	16,890
Commitments and Contingencies
Common stockholders’ equity
Common stock	841	841
Other paid-in capital	7,359	7,284
Accumulated other comprehensive loss	(15)	(15)
Retained earnings	1,953	2,008
Total common stockholders’ equity	10,138	10,118
Cumulative preferred stock	37	37
Total stockholders’ equity	10,175	10,155
Total Liabilities and Equity	$ 29,772	$ 29,916