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Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 385 $ 266
Restricted cash and cash equivalents 18 19
Accounts receivable and accrued revenue, less allowances 603 774
Notes receivable, less allowances 142 128
Notes receivable held for sale 15 16
Accounts receivable - related parties 12 11
Inventories at average cost    
Gas in underground storage 377 568
Materials and supplies 119 126
Generating plant fuel stock 77 84
Deferred property taxes 174 235
Regulatory assets 7 16
Prepayments and other current assets 102 77
Total current assets 2,031 2,320
Plant, Property, and Equipment    
Plant, property, and equipment, gross 20,497 18,943
Less accumulated depreciation and amortization 5,922 5,747
Plant, property, and equipment, net 14,575 13,196
Construction work in progress 612 1,509
Total plant, property, and equipment 15,187 14,705
Other Non-current Assets    
Regulatory assets 1,796 1,840
Accounts and notes receivable 1,098 1,027
Investments 66 64
Other 285 343
Total other non-current assets 3,245 3,274
Total Assets [1] 20,463 20,299
Current Liabilities    
Current portion of long-term debt, capital leases, and financing obligation 918 706
Notes payable   249
Accounts payable 559 633
Accounts payable - related parties 9 9
Accrued rate refunds 41 26
Accrued interest 107 106
Accrued taxes 252 349
Regulatory liabilities 78 82
Other current liabilities 127 142
Total current liabilities 2,091 2,302
Non-current Liabilities    
Long-term debt 8,486 8,400
Non-current portion of capital leases and financing obligation 110 118
Regulatory liabilities 2,070 2,088
Postretirement benefits 570 591
Asset retirement obligations 442 439
Deferred investment tax credit 73 56
Deferred income taxes 2,127 2,017
Other non-current liabilities 301 313
Total non-current liabilities 14,179 14,022
Commitments and Contingencies (Notes 2 and 3)
Common stockholder's equity    
Common stock 3 3
Other paid-in capital 4,906 4,837
Accumulated other comprehensive loss (47) (47)
Retained earnings (Accumulated deficit) (706) (855)
Total common stockholders' equity 4,156 3,938
Noncontrolling interests 37 37
Total equity 4,193 3,975
Total Liabilities and Equity 20,463 20,299
Consumers Energy Company [Member]    
Current Assets    
Cash and cash equivalents 117 50
Restricted cash and cash equivalents 18 19
Accounts receivable and accrued revenue, less allowances 585 758
Accounts receivable - related parties 1 17
Inventories at average cost    
Gas in underground storage 377 568
Materials and supplies 114 120
Generating plant fuel stock 74 80
Deferred property taxes 174 235
Regulatory assets 7 16
Prepayments and other current assets 97 66
Total current assets 1,564 1,929
Plant, Property, and Equipment    
Plant, property, and equipment, gross 20,326 18,797
Less accumulated depreciation and amortization 5,863 5,676
Plant, property, and equipment, net 14,463 13,121
Construction work in progress 609 1,467
Total plant, property, and equipment 15,072 14,588
Other Non-current Assets    
Regulatory assets 1,796 1,840
Accounts and notes receivable 54 10
Investments 37 29
Other 179 239
Total other non-current assets 2,066 2,118
Total Assets [1] 18,702 18,635
Current Liabilities    
Current portion of long-term debt, capital leases, and financing obligation 469 220
Notes payable   249
Accounts payable 545 613
Accounts payable - related parties 15 15
Accrued rate refunds 41 26
Accrued interest 65 65
Accrued taxes 265 352
Regulatory liabilities 78 82
Other current liabilities 93 109
Total current liabilities 1,571 1,731
Non-current Liabilities    
Long-term debt 4,922 5,183
Non-current portion of capital leases and financing obligation 110 118
Regulatory liabilities 2,070 2,088
Postretirement benefits 510 529
Asset retirement obligations 441 438
Deferred investment tax credit 73 56
Deferred income taxes 2,858 2,710
Other non-current liabilities 231 236
Total non-current liabilities 11,215 11,358
Commitments and Contingencies (Notes 2 and 3)
Common stockholder's equity    
Common stock 841 841
Other paid-in capital 3,999 3,724
Accumulated other comprehensive loss (1) (6)
Retained earnings (Accumulated deficit) 1,040 950
Total common stockholders' equity 5,879 5,509
Preferred stock 37 37
Total equity 5,916 5,546
Total Liabilities and Equity $ 18,702 $ 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.