CMS Energy Corporation 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
Plant, Property, and Equipment
Plant, property, and equipment, gross	30,866	30,491
Less accumulated depreciation and amortization	9,126	8,960
Plant, property, and equipment, net	21,740	21,531
Construction work in progress	1,263	1,182
Total plant, property, and equipment	23,003	22,713
Other Non‑current Assets
Regulatory assets	3,804	3,595
Accounts receivable	23	23
Investments	72	71
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
Noncontrolling interests	572	580
Total equity	7,652	7,595
Total Liabilities and Equity	$ 31,386	$ 31,353