XML 93 R96.htm IDEA: XBRL DOCUMENT v2.4.0.8
Retirement Benefits (Schedule Of Benefit Obligations In Excess Of Fair Value Of Plan Assets) (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Pension [Member]
     
Defined Benefit Plan Disclosure [Line Items]      
Benefit obligation at beginning of period $ 2,354 $ 2,072  
Service cost 53 48  
Interest cost 94 99  
Actuarial (gain) loss (308) 249  
Benefits paid (120) (114)  
Benefit obligation at end of period 2,073 2,354  
Plan assets at fair value at beginning of period 1,727 1,626  
Actual return on plan assets 206 215  
Company contributions 150    
Actual benefits paid (119) (114)  
Plan assets at fair value at end of period 1,964 1,727  
Funded status (109) [1] (627) [1]  
Pension [Member] | Consumers Energy Company [Member]
     
Defined Benefit Plan Disclosure [Line Items]      
Funded status (86) (590)  
DB SERP [Member]
     
Defined Benefit Plan Disclosure [Line Items]      
Benefit obligation at beginning of period 144 127  
Service cost 1 1  
Interest cost 6 6  
Actuarial (gain) loss (12) 16  
Benefits paid (7) (6)  
Benefit obligation at end of period 132 144  
Company contributions 7 6  
Actual benefits paid (7) (6)  
Funded status (132) (144)  
DB SERP [Member] | Consumers Energy Company [Member]
     
Defined Benefit Plan Disclosure [Line Items]      
Benefit obligation at beginning of period 100 85  
Service cost 1 1  
Interest cost 4 4  
Actuarial (gain) loss (8) 13  
Benefits paid (4) (3)  
Benefit obligation at end of period 93 100  
Company contributions 4 3  
Actual benefits paid (4) (3)  
Funded status (93) (100)  
OPEB [Member]
     
Defined Benefit Plan Disclosure [Line Items]      
Benefit obligation at beginning of period 1,729 [2] 1,641  
Service cost 29 32 27
Interest cost 65 82 77
Plan amendments (208) [3]    
Actuarial (gain) loss (440) 25  
Benefits paid (52) [4] (51) [4]  
Benefit obligation at end of period 1,123 [2] 1,729 [2] 1,641
Plan assets at fair value at beginning of period 1,047 924  
Actual return on plan assets 150 108  
Company contributions 72 65  
Actual benefits paid (51) [4] (50) [4]  
Plan assets at fair value at end of period 1,218 1,047 924
Funded status 95 (682)  
Prescription Drug Benefit, Effect of Subsidy on Net Periodic Postretirement Benefit Cost   20 26
Capitalization Prescription Drug Benefit, Effect of Subsidy on Net Periodic Postretirement Benefit Cost   7 9
Defined Benefit Plan, Gross Prescription Drug Subsidy Receipts Received 5 5 5
OPEB [Member] | Consumers Energy Company [Member]
     
Defined Benefit Plan Disclosure [Line Items]      
Benefit obligation at beginning of period 1,670 [2] 1,585  
Service cost 28 31 26
Interest cost 63 79 74
Plan amendments (200)    
Actuarial (gain) loss (424) 24  
Benefits paid (49) [4] (49) [4]  
Benefit obligation at end of period 1,088 [2] 1,670 [2] 1,585
Plan assets at fair value at beginning of period 978 861  
Actual return on plan assets 141 101  
Company contributions 71 64  
Actual benefits paid (49) [4] (48) [4]  
Plan assets at fair value at end of period 1,141 978 861
Funded status 53 (692)  
Prescription Drug Benefit, Effect of Subsidy on Net Periodic Postretirement Benefit Cost   19 25
Capitalization Prescription Drug Benefit, Effect of Subsidy on Net Periodic Postretirement Benefit Cost   7 9
Defined Benefit Plan, Gross Prescription Drug Subsidy Receipts Received $ 4 $ 5 $ 5
[1] At December 31, 2013, $86 million of the total funded status of the Pension Plan was attributable to Consumers based on an allocation of expenses. At December 31, 2012, $590 million of the total funded status of the Pension Plan was attributable to Consumers based on an allocation of expenses.
[2] The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 established a prescription drug benefit under Medicare (Medicare Part D) and a federal subsidy, which is tax-exempt, to sponsors of retiree health care benefit plans that provide a benefit that is actuarially equivalent to Medicare Part D. In 2010, the Health Care Acts repealed these tax-exempt deductions for years beginning after December 31, 2012. The Medicare Part D subsidy annualized reduction in net OPEB cost for CMS Energy was $20 million for 2012 and $26 million for 2011. Consumers’ Medicare Part D subsidy annualized reduction in net OPEB costs was $19 million for 2012 and $25 million for 2011. The reduction for CMS Energy and Consumers included $7 million for 2012 and $9 million for 2011 in capitalized OPEB costs.
[3] Plan amendments resulted from changing the Medicare drug program provided through the OPEB Plan from an employer-sponsored prescription drug plan with a retiree drug subsidy to an EGWP to begin on January 1, 2015, and from certain benefit changes to the OPEB Plan, to begin on January 1, 2016.
[4] CMS Energy received payments of $5 million in each of 2013, 2012, and 2011 for the Medicare Part D subsidies. Consumers received payments of $4 million in 2013 and $5 million in each of 2012 and 2011 for the Medicare Part D subsidies. The Medicare Part D subsidy payments are used to pay OPEB Plan benefits.