Consumers Energy Company Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current Assets
Cash and cash equivalents	$ 157	$ 164
Restricted cash and cash equivalents	27	18
Inventories at average cost
Gas in underground storage	725	840
Materials and supplies	255	212
Generating plant fuel stock	80	65
Deferred property taxes	255	384
Regulatory assets	169	57
Prepayments and other current assets	91	113
Total current assets	2,449	3,433
Other Non‑current Assets
Regulatory assets	3,793	3,595
Accounts receivable	30	23
Postretirement benefits	1,307	1,208
Other	166	310
Total other non‑current assets	5,370	5,207
Total Assets	32,513	31,353
Current Liabilities
Current portion of long-term debt and finance leases	1,043	1,099
Notes payable	247	20
Accrued rate refunds	29	0
Accrued interest	157	122
Accrued taxes	159	538
Regulatory liabilities	75	104
Other current liabilities	163	166
Total current liabilities	2,719	2,985
Non‑current Liabilities
Long-term debt	14,114	13,122
Non-current portion of finance leases	63	68
Regulatory liabilities	3,889	3,796
Postretirement benefits	105	108
Asset retirement obligations	768	746
Deferred investment tax credit	127	129
Deferred income taxes	2,541	2,407
Other non‑current liabilities	429	397
Total non‑current liabilities	22,036	20,773
Commitments and Contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	5,515	5,490
Accumulated other comprehensive loss	(51)	(52)
Retained earnings	1,495	1,350
Total common stockholders’ equity	6,962	6,791
Cumulative preferred stock	224	224
Total stockholders’ equity	7,186	7,015
Total Liabilities and Equity	32,513	31,353
Nonrelated Party
Current Assets
Accounts receivable and accrued revenue, less allowance of $26 in 2023 and $27 in 2022	681	1,564
Current Liabilities
Accounts payable	839	928
Related Party
Current Liabilities
Accounts payable	7	8
Consumers Energy Company
Current Assets
Cash and cash equivalents	7	43
Restricted cash and cash equivalents	27	17
Inventories at average cost
Gas in underground storage	725	840
Materials and supplies	245	206
Generating plant fuel stock	77	59
Deferred property taxes	255	384
Regulatory assets	169	57
Prepayments and other current assets	77	96
Total current assets	2,249	3,236
Plant, Property, and Equipment
Plant, property, and equipment, gross	30,825	29,342
Less accumulated depreciation and amortization	8,730	8,791
Plant, property, and equipment, net	22,095	20,551
Construction work in progress	1,321	994
Total plant, property, and equipment	23,416	21,545
Other Non‑current Assets
Regulatory assets	3,793	3,595
Postretirement benefits	1,217	1,126
Other	134	286
Total other non‑current assets	5,276	5,135
Total Assets	30,941	29,916
Current Liabilities
Current portion of long-term debt and finance leases	622	1,000
Accrued rate refunds	29	0
Accrued interest	116	90
Accrued taxes	168	556
Regulatory liabilities	75	104
Other current liabilities	133	147
Total current liabilities	2,278	2,871
Non‑current Liabilities
Non-current portion of finance leases	40	45
Regulatory liabilities	3,889	3,796
Postretirement benefits	77	79
Asset retirement obligations	736	722
Deferred investment tax credit	127	129
Deferred income taxes	2,729	2,585
Other non‑current liabilities	381	342
Total non‑current liabilities	17,917	16,890
Commitments and Contingencies
Common stockholders’ equity
Common stock	841	841
Other paid-in capital	7,759	7,284
Accumulated other comprehensive loss	(14)	(15)
Retained earnings	2,123	2,008
Total common stockholders’ equity	10,709	10,118
Cumulative preferred stock	37	37
Total stockholders’ equity	10,746	10,155
Total Liabilities and Equity	30,941	29,916
Consumers Energy Company | Nonrelated Party
Current Assets
Accounts receivable and accrued revenue, less allowance of $26 in 2023 and $27 in 2022	658	1,524
Other Non‑current Assets
Accounts receivable	36	29
Current Liabilities
Notes payable	247	20
Accounts payable	801	864
Non‑current Liabilities
Long-term debt	9,644	9,192
Consumers Energy Company | Related Party
Current Assets
Accounts and notes receivable – related parties	9	10
Other Non‑current Assets
Accounts receivable	96	99
Current Liabilities
Notes payable	75	75
Accounts payable	12	15
Non‑current Liabilities
Long-term debt	$ 294	$ 0