Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Carrying Amounts and Fair Values of Financial Instruments

For information about assets and liabilities recorded at fair value and for additional details regarding the fair value hierarchy, see Note 5, Fair Value Measurements.


In Millions
	December 31, 2023															December 31, 2022
	Carrying Amount			Fair Value												Carrying Amount			Fair Value
				Total			Level												Total			Level
							1			2			3									1			2			3
CMS Energy, including Consumers
Assets
Long-term receivables1		$	11		$	11		$	—		$	—		$	11		$	14		$	14		$	—		$	—		$	14

Liabilities
Long-term debt2		15,483			14,305			1,103			11,186			2,016			14,212			12,384			987			8,741			2,656
Long-term payables3		11			11			—			—			11			9			7			—			—			7
Consumers
Assets
Long-term receivables1		$	11		$	11		$	—		$	—		$	11		$	14		$	14		$	—		$	—		$	14

Notes receivable – related party4		97			97			—			—			97			101			101			—			—			101
Liabilities
Long-term debt5		10,762			9,757			—			7,741			2,016			10,183			8,728			—			6,172			2,556
Long-term debt – related party		424			303			—			303			—			—			—			—			—			—
Long-term payables		5			5			—			—			5			—			—			—			—			—

1Includes current portion of long-term accounts receivable and notes receivable of $6 million at December 31, 2023 and $7 million at December 31, 2022.

2Includes current portion of long-term debt of $975 million at December 31, 2023 and $1,090 million at December 31, 2022.

3Includes current portion of long-term payables of $2 million at December 31, 2022.

4Includes current portion of notes receivable – related party of $7 million at December 31, 2023 and 2022.

5Includes current portion of long-term debt of $725 million at December 31, 2023 and $991 million at December 31, 2022.

Consumers Energy Company

Financial Instruments [Line Items]