XML 43 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current Assets    
Cash and cash equivalents $ 758 $ 172
Restricted cash and cash equivalents 31 32
Accounts receivable and accrued revenue, less allowances 1,032 914
Notes receivable 69 63
Accounts receivable - related parties 10 10
Accrued power supply and gas revenue 188  
Inventories at average cost    
Gas in underground storage 340 660
Materials and supplies 112 107
Generating plant fuel stock 85 114
Deferred income taxes 42 126
Deferred property taxes 167 202
Regulatory assets 16 40
Prepayments and other current assets 119 86
Total current assets 2,969 2,526
Plant, Property, and Equipment    
Plant, property, and equipment, gross 16,322 16,184
Less accumulated depreciation and amortization 5,168 5,087
Plant, property, and equipment, net 11,154 11,097
Construction work in progress 1,206 1,149
Total plant, property, and equipment 12,360 12,246
Other Non-current Assets    
Regulatory assets 1,496 1,530
Accounts and notes receivable, less allowances 646 646
Investments 61 59
Other 392 409
Total other non-current assets 2,595 2,644
Total Assets 17,924 17,416
Current Liabilities    
Current portion of long-term debt, capital and financing obligations 666 562
Notes payable   170
Accounts payable 632 585
Accounts payable - related parties 10 10
Accrued rate refunds   12
Accrued interest 67 96
Accrued taxes 225 297
Regulatory liabilities 70 67
Other current liabilities 131 146
Total current liabilities 1,801 1,945
Non-current Liabilities    
Long-term debt 7,536 7,101
Non-current portion of capital and financing obligations 135 138
Regulatory liabilities 2,236 2,215
Postretirement benefits 240 239
Asset retirement obligations 328 325
Deferred investment tax credit 39 40
Deferred income taxes 1,647 1,616
Other non-current liabilities 307 306
Total non-current liabilities 12,468 11,980
Commitments and Contingencies (Notes 1 and 2)      
Equity    
Common stock 3 3
Other paid-in capital 4,746 4,715
Accumulated other comprehensive loss (21) (22)
Retained earnings (Accumulated deficit) (1,110) (1,242)
Total common stockholders equity 3,618 3,454
Noncontrolling interests 37 37
Total equity 3,655 3,491
Total Liabilities and Equity 17,924 17,416
Consumers Energy Company [Member]
   
Current Assets    
Cash and cash equivalents 178 18
Restricted cash and cash equivalents 31 31
Accounts receivable and accrued revenue, less allowances 1,013 902
Notes receivable   14
Accounts receivable - related parties 1 4
Accrued power supply and gas revenue 188  
Inventories at average cost    
Gas in underground storage 340 653
Materials and supplies 107 103
Generating plant fuel stock 84 113
Deferred property taxes 167 202
Regulatory assets 16 40
Prepayments and other current assets 111 77
Total current assets 2,236 2,157
Plant, Property, and Equipment    
Plant, property, and equipment, gross 16,181 16,044
Less accumulated depreciation and amortization 5,102 5,022
Plant, property, and equipment, net 11,079 11,022
Construction work in progress 1,204 1,147
Total plant, property, and equipment 12,283 12,169
Other Non-current Assets    
Regulatory assets 1,496 1,530
Accounts and notes receivable, less allowances 2 11
Investments 32 29
Other 263 283
Total other non-current assets 1,793 1,853
Total Assets 16,312 16,179
Current Liabilities    
Current portion of long-term debt, capital and financing obligations 65 64
Notes payable   170
Accounts payable 611 571
Accounts payable - related parties 16 13
Accrued rate refunds   12
Accrued interest 43 63
Accrued taxes 343 353
Deferred income taxes 94 55
Regulatory liabilities 70 67
Other current liabilities 101 112
Total current liabilities 1,343 1,480
Non-current Liabilities    
Long-term debt 4,567 4,579
Non-current portion of capital and financing obligations 135 138
Regulatory liabilities 2,236 2,215
Postretirement benefits 180 179
Asset retirement obligations 327 324
Deferred investment tax credit 39 40
Deferred income taxes 2,137 2,115
Other non-current liabilities 253 252
Total non-current liabilities 9,874 9,842
Commitments and Contingencies (Notes 1 and 2)      
Equity    
Common stock 841 841
Other paid-in capital 3,407 3,257
Accumulated other comprehensive loss   (2)
Retained earnings (Accumulated deficit) 810 724
Total common stockholders equity 5,058 4,820
Preferred stock 37 37
Total equity 5,095 4,857
Total Liabilities and Equity $ 16,312 $ 16,179