Consumers Energy Company Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 389	$ 164
Restricted cash and cash equivalents	17	18
Inventories at average cost
Gas in underground storage	570	840
Materials and supplies	244	212
Generating plant fuel stock	73	65
Deferred property taxes	282	384
Regulatory assets	182	57
Prepayments and other current assets	125	113
Total current assets	2,603	3,433
Other Non‑current Assets
Regulatory assets	3,807	3,595
Accounts receivable	24	23
Postretirement benefits	1,274	1,208
Other	221	310
Total other non‑current assets	5,398	5,207
Total Assets	32,265	31,353
Current Liabilities
Current portion of long-term debt and finance leases	1,132	1,099
Notes payable	0	20
Accrued rate refunds	21	0
Accrued interest	145	122
Accrued taxes	405	538
Regulatory liabilities	88	104
Other current liabilities	187	166
Total current liabilities	2,737	2,985
Non‑current Liabilities
Long-term debt	13,925	13,122
Non-current portion of finance leases	65	68
Regulatory liabilities	3,922	3,796
Postretirement benefits	106	108
Asset retirement obligations	759	746
Deferred investment tax credit	127	129
Deferred income taxes	2,503	2,407
Other non‑current liabilities	415	397
Total non‑current liabilities	21,822	20,773
Commitments and Contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	5,506	5,490
Accumulated other comprehensive loss	(51)	(52)
Retained earnings	1,463	1,350
Total common stockholders’ equity	6,921	6,791
Cumulative preferred stock	224	224
Total stockholders’ equity	7,145	7,015
Total Liabilities and Equity	32,265	31,353
Nonrelated Party
Current Assets
Accounts receivable and accrued revenue, less allowance of $27 in both periods	708	1,564
Current Liabilities
Accounts payable	752	928
Related Party
Current Liabilities
Accounts payable	7	8
Consumers Energy Company
Current Assets
Cash and cash equivalents	99	43
Restricted cash and cash equivalents	17	17
Inventories at average cost
Gas in underground storage	570	840
Materials and supplies	235	206
Generating plant fuel stock	70	59
Deferred property taxes	282	384
Regulatory assets	182	57
Prepayments and other current assets	107	96
Total current assets	2,256	3,236
Plant, Property, and Equipment
Plant, property, and equipment, gross	30,445	29,342
Less accumulated depreciation and amortization	8,550	8,791
Plant, property, and equipment, net	21,895	20,551
Construction work in progress	1,126	994
Total plant, property, and equipment	23,021	21,545
Other Non‑current Assets
Regulatory assets	3,807	3,595
Postretirement benefits	1,187	1,126
Other	190	286
Total other non‑current assets	5,311	5,135
Total Assets	30,588	29,916
Current Liabilities
Current portion of long-term debt and finance leases	697	1,000
Accrued rate refunds	21	0
Accrued interest	111	90
Accrued taxes	413	556
Regulatory liabilities	88	104
Other current liabilities	161	147
Total current liabilities	2,224	2,871
Non‑current Liabilities
Non-current portion of finance leases	42	45
Regulatory liabilities	3,922	3,796
Postretirement benefits	78	79
Asset retirement obligations	735	722
Deferred investment tax credit	127	129
Deferred income taxes	2,682	2,585
Other non‑current liabilities	364	342
Total non‑current liabilities	17,641	16,890
Commitments and Contingencies
Common stockholders’ equity
Common stock	841	841
Other paid-in capital	7,759	7,284
Accumulated other comprehensive loss	(15)	(15)
Retained earnings	2,101	2,008
Total common stockholders’ equity	10,686	10,118
Cumulative preferred stock	37	37
Total stockholders’ equity	10,723	10,155
Total Liabilities and Equity	30,588	29,916
Consumers Energy Company | Nonrelated Party
Current Assets
Accounts receivable and accrued revenue, less allowance of $27 in both periods	686	1,524
Other Non‑current Assets
Accounts receivable	30	29
Current Liabilities
Notes payable	0	20
Accounts payable	712	864
Non‑current Liabilities
Long-term debt	9,456	9,192
Consumers Energy Company | Related Party
Current Assets
Accounts and notes receivable – related parties	8	10
Other Non‑current Assets
Accounts receivable	97	99
Current Liabilities
Notes payable	6	75
Accounts payable	15	15
Non‑current Liabilities
Long-term debt	$ 235	$ 0