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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 266 $ 207
Restricted cash and cash equivalents 19 37
Accounts receivable and accrued revenue, less allowances 774 881
Notes receivable, less allowances 128 98
Notes receivable held for sale 16 41
Accounts receivable - related parties $ 11 11
Accrued gas revenue 27
Inventories at average cost    
Gas in underground storage $ 568 681
Materials and supplies 126 117
Generating plant fuel stock 84 120
Deferred property taxes 235 216
Regulatory assets 16 89
Prepayments and other current assets 77 72
Total current assets 2,320 2,597
Plant, Property, and Equipment    
Plant, property, and equipment, gross 18,943 17,721
Less accumulated depreciation and amortization 5,747 5,415
Plant, property, and equipment, net 13,196 12,306
Construction work in progress 1,509 1,106
Total plant, property, and equipment [1] 14,705 13,412
Other Non-current Assets    
Regulatory assets 1,840 1,956
Accounts and notes receivable 1,027 807
Investments [2] 64 61
Other 384 352
Total other non-current assets 3,315 3,176
Total Assets 20,340 19,185
Current Liabilities    
Current portion of long-term debt, capital leases, and financing obligation 706 540
Notes payable 249 60
Accounts payable 633 678
Accounts payable - related parties, current 9 10
Accrued rate refunds 26 6
Accrued interest 106 108
Accrued taxes 349 316
Regulatory liabilities 82 67
Other current liabilities 142 163
Total current liabilities 2,302 1,948
Non-current Liabilities    
Long-term debt 8,441 8,016
Non-current portion of capital leases and financing obligation 118 123
Regulatory liabilities 2,088 2,095
Postretirement benefits 591 872
Asset retirement obligations 439 340
Deferred investment tax credit 56 37
Deferred income taxes 2,017 1,748
Other non-current liabilities 313 299
Total non-current liabilities $ 14,063 $ 13,530
Commitments and Contingencies (Notes 3, 4, and 5)
Common stockholder's equity    
Common stock $ 3 $ 3
Other paid-in capital 4,837 4,774
Accumulated other comprehensive loss (47) (49)
Retained earnings (Accumulated deficit) (855) (1,058)
Total common stockholders' equity 3,938 3,670
Noncontrolling interests 37 37
Total equity 3,975 3,707
Total Liabilities and Equity 20,340 19,185
Consumers Energy Company [Member]    
Current Assets    
Cash and cash equivalents 50 71
Restricted cash and cash equivalents 19 37
Accounts receivable and accrued revenue, less allowances 758 863
Accounts receivable - related parties 17 1
Accrued gas revenue   27
Inventories at average cost    
Gas in underground storage 568 681
Materials and supplies 120 113
Generating plant fuel stock 80 112
Deferred property taxes 235 216
Regulatory assets 16 89
Prepayments and other current assets 66 63
Total current assets 1,929 2,273
Plant, Property, and Equipment    
Plant, property, and equipment, gross 18,797 17,580
Less accumulated depreciation and amortization 5,676 5,346
Plant, property, and equipment, net 13,121 12,234
Construction work in progress 1,467 1,103
Total plant, property, and equipment [1] 14,588 13,337
Other Non-current Assets    
Regulatory assets 1,840 1,956
Accounts and notes receivable 10 7
Investments 29 38
Other 262 236
Total other non-current assets 2,141 2,237
Total Assets 18,658 17,847
Current Liabilities    
Current portion of long-term debt, capital leases, and financing obligation 220 145
Notes payable 249 60
Accounts payable 613 662
Accounts payable - related parties, current 15 12
Accrued rate refunds 26 6
Accrued interest 65 70
Accrued taxes 352 149
Regulatory liabilities 82 67
Other current liabilities 109 135
Total current liabilities 1,731 1,306
Non-current Liabilities    
Long-term debt 5,206 5,154
Non-current portion of capital leases and financing obligation 118 123
Regulatory liabilities 2,088 2,095
Postretirement benefits 529 793
Asset retirement obligations 438 339
Deferred investment tax credit 56 37
Deferred income taxes 2,710 2,486
Other non-current liabilities 236 237
Total non-current liabilities $ 11,381 $ 11,264
Commitments and Contingencies (Notes 3, 4, and 5)
Common stockholder's equity    
Common stock $ 841 $ 841
Other paid-in capital 3,724 3,574
Accumulated other comprehensive loss (6) (7)
Retained earnings (Accumulated deficit) 950 832
Total common stockholders' equity 5,509 5,240
Preferred stock 37 37
Total equity 5,546 5,277
Total Liabilities and Equity $ 18,658 $ 17,847
[1] For the year ended December 31, 2015, utility plant additions were $1.4 billion and utility plant retirements were $187 million. For the year ended December 31, 2014, utility plant additions were $1.6 billion and utility plant retirements were $126 million.
[2] Consumers had no significant equity method investments.