Exit Activities and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring Cost and Reserve [Line Items]

Schedule of Retention Benefit Liability Roll Forward

Presented in the following table is a reconciliation of the retention benefit liability recorded in other liabilities on Consumers’ consolidated balance sheets:

In Millions
Years Ended December 31	2023			2022
Retention benefit liability at beginning of period		$	21		$	14
Costs deferred as a regulatory asset		16			24
Costs paid or settled		(21)			(17)
Retention benefit liability at the end of the period1		$	16		$	21

1Includes current portion of other liabilities of $7 million at December 31, 2023 and $13 million at December 31, 2022.

Schedule of Income, Assets, and Liabilities from Discontinued Operations

The table below presents the financial results of EnerBank included in income from discontinued operations:

In Millions
Years Ended December 31	2022			2021
Operating revenue		$	—		$	209
Expenses
Operating expenses		—			60
Interest expense		—			34
Income before income taxes		$	—		$	115
Gain on sale		5			657
Income from discontinued operations before income taxes		$	5		$	772
Income tax expense		1			170
Income from discontinued operations, net of tax		$	4		$	602

Consumers Energy Company

Restructuring Cost and Reserve [Line Items]

Schedule of Retention Benefit Liability Roll Forward

Presented in the following table is a reconciliation of the retention benefit liability recorded in other liabilities on Consumers’ consolidated balance sheets:

In Millions
Years Ended December 31	2023			2022
Retention benefit liability at beginning of period		$	21		$	14
Costs deferred as a regulatory asset		16			24
Costs paid or settled		(21)			(17)
Retention benefit liability at the end of the period1		$	16		$	21

1Includes current portion of other liabilities of $7 million at December 31, 2023 and $13 million at December 31, 2022.