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Consolidated Statements Of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating Revenue $ 1,371 $ 1,350 $ 3,172 $ 3,461
Operating Expenses        
Fuel for electric generation 97 134 222 301
Purchased and interchange power 365 341 711 690
Purchased power - related parties 21 17 43 40
Cost of gas sold 91 113 445 702
Maintenance and other operating expenses 276 312 569 595
Depreciation and amortization 176 169 414 391
General taxes 60 60 147 141
Total operating expenses 1,086 1,146 2,551 2,860
Operating Income 285 204 621 601
Other Income (Expense)        
Interest income 2 1 3 2
Allowance for equity funds used during construction 3 2 6 4
Income from equity method investees 3 1 7 5
Other income 2 3 5 6
Other expense (4) (4) (7) (8)
Total other income 6 3 14 9
Interest Charges        
Interest on long-term debt 103 97 203 193
Other interest expense 7 7 14 13
Allowance for borrowed funds used during construction (2) (1) (3) (2)
Total interest charges 108 103 214 204
Income Before Income Taxes 183 104 421 406
Income Tax Expense 58 36 132 136
Net Income 125 68 289 270
Income Attributable to Noncontrolling Interests 1 1 1 1
Net Income Available to Common Stockholders $ 124 $ 67 $ 288 $ 269
Basic Earnings Per Average Common Share $ 0.45 $ 0.25 $ 1.04 $ 0.98
Diluted Earnings Per Average Common Share 0.45 0.25 1.04 0.98
Dividends declared per common share $ 0.31 $ 0.29 $ 0.62 $ 0.58
Consumers Energy Company [Member]        
Operating Revenue $ 1,293 $ 1,281 $ 3,016 $ 3,309
Operating Expenses        
Fuel for electric generation 73 110 172 243
Purchased and interchange power 360 337 703 683
Purchased power - related parties 21 17 43 40
Cost of gas sold 87 108 438 691
Maintenance and other operating expenses 254 291 523 556
Depreciation and amortization 173 168 410 388
General taxes 61 58 146 137
Total operating expenses 1,029 1,089 2,435 2,738
Operating Income 264 192 581 571
Other Income (Expense)        
Interest income 1 1 2 2
Interest and dividend income - related parties 1   1  
Allowance for equity funds used during construction 3 2 6 4
Other income 2 3 5 15
Other expense (4) (4) (7) (8)
Total other income 3 2 7 13
Interest Charges        
Interest on long-term debt 65 63 130 126
Other interest expense 3 4 6 7
Allowance for borrowed funds used during construction (2) (1) (3) (2)
Total interest charges 66 66 133 131
Income Before Income Taxes 201 128 455 453
Income Tax Expense 69 44 151 154
Net Income 132 84 304 299
Preferred Stock Dividends 1 1 1 1
Net Income Available to Common Stockholders $ 131 $ 83 $ 303 $ 298