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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 177 $ 266
Restricted cash and cash equivalents 28 19
Accounts receivable and accrued revenue, less allowances 730 774
Notes receivable, less allowances 135 128
Notes receivable held for sale 16 16
Accounts receivable - related parties 11 11
Inventories at average cost    
Gas in underground storage 314 568
Materials and supplies 120 126
Generating plant fuel stock 64 84
Deferred property taxes 193 235
Regulatory assets 11 16
Prepayments and other current assets 91 77
Total current assets 1,890 2,320
Plant, Property, and Equipment    
Plant, property, and equipment, gross 19,334 18,943
Less accumulated depreciation and amortization 5,878 5,747
Plant, property, and equipment, net 13,456 13,196
Construction work in progress 1,451 1,509
Total plant, property, and equipment 14,907 14,705
Other Non-current Assets    
Regulatory assets 1,827 1,840
Accounts and notes receivable 1,034 1,027
Investments 64 64
Other 315 343
Total other non-current assets 3,240 3,274
Total Assets [1] 20,037 20,299
Current Liabilities    
Current portion of long-term debt, capital leases, and financing obligation 950 706
Notes payable   249
Accounts payable 534 633
Accounts payable - related parties 9 9
Accrued rate refunds 34 26
Accrued interest 72 106
Accrued taxes 254 349
Regulatory liabilities 76 82
Other current liabilities 118 142
Total current liabilities 2,047 2,302
Non-current Liabilities    
Long-term debt 8,170 8,400
Non-current portion of capital leases and financing obligation 114 118
Regulatory liabilities 2,092 2,088
Postretirement benefits 581 591
Asset retirement obligations 440 439
Deferred investment tax credit 55 56
Deferred income taxes 2,078 2,017
Other non-current liabilities 314 313
Total non-current liabilities $ 13,844 $ 14,022
Commitments and Contingencies (Notes 2 and 3)
Common stockholder's equity    
Common stock $ 3 $ 3
Other paid-in capital 4,897 4,837
Accumulated other comprehensive loss (47) (47)
Retained earnings (Accumulated deficit) (744) (855)
Total common stockholders' equity 4,109 3,938
Noncontrolling interests 37 37
Total equity 4,146 3,975
Total Liabilities and Equity 20,037 20,299
Consumers Energy Company [Member]    
Current Assets    
Cash and cash equivalents 27 50
Restricted cash and cash equivalents 28 19
Accounts receivable and accrued revenue, less allowances 713 758
Accounts receivable - related parties 1 17
Inventories at average cost    
Gas in underground storage 314 568
Materials and supplies 115 120
Generating plant fuel stock 63 80
Deferred property taxes 193 235
Regulatory assets 11 16
Prepayments and other current assets 84 66
Total current assets 1,549 1,929
Plant, Property, and Equipment    
Plant, property, and equipment, gross 19,165 18,797
Less accumulated depreciation and amortization 5,821 5,676
Plant, property, and equipment, net 13,344 13,121
Construction work in progress 1,449 1,467
Total plant, property, and equipment 14,793 14,588
Other Non-current Assets    
Regulatory assets 1,827 1,840
Accounts and notes receivable 10 10
Investments 34 29
Other 209 239
Total other non-current assets 2,080 2,118
Total Assets [1] 18,422 18,635
Current Liabilities    
Current portion of long-term debt, capital leases, and financing obligation 469 220
Notes payable   249
Accounts payable 521 613
Accounts payable - related parties 15 15
Accrued rate refunds 34 26
Accrued interest 47 65
Accrued taxes 262 352
Regulatory liabilities 76 82
Other current liabilities 87 109
Total current liabilities 1,511 1,731
Non-current Liabilities    
Long-term debt 4,934 5,183
Non-current portion of capital leases and financing obligation 114 118
Regulatory liabilities 2,092 2,088
Postretirement benefits 519 529
Asset retirement obligations 439 438
Deferred investment tax credit 55 56
Deferred income taxes 2,799 2,710
Other non-current liabilities 243 236
Total non-current liabilities $ 11,195 $ 11,358
Commitments and Contingencies (Notes 2 and 3)
Common stockholder's equity    
Common stock $ 841 $ 841
Other paid-in capital 3,874 3,724
Accumulated other comprehensive loss (3) (6)
Retained earnings (Accumulated deficit) 967 950
Total common stockholders' equity 5,679 5,509
Preferred stock 37 37
Total equity 5,716 5,546
Total Liabilities and Equity $ 18,422 $ 18,635
[1] CMS Energy and Consumers changed the reporting of debt issuance costs on their consolidated balance sheets in accordance with ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs, as of January 1, 2016, and retrospectively adjusted prior-period amounts for comparability. For further details on the implementation of this standard, see Note 1, New Accounting Standards.