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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Current Assets    
Cash and cash equivalents $ 235 $ 266
Restricted cash and cash equivalents 19 19
Accounts receivable and accrued revenue, less allowances 821 774
Notes receivable, less allowances 180 128
Notes receivable held for sale 39 16
Accounts receivable - related parties 12 11
Inventories at average cost    
Gas in underground storage 446 568
Materials and supplies 119 126
Generating plant fuel stock 61 84
Deferred property taxes 250 235
Regulatory assets 17 16
Prepayments and other current assets 81 77
Total current assets 2,280 2,320
Plant, Property, and Equipment    
Plant, property, and equipment, gross 21,010 18,943
Less accumulated depreciation and amortization 6,056 5,747
Plant, property, and equipment, net 14,954 13,196
Construction work in progress 761 1,509
Total plant, property, and equipment [1] 15,715 14,705
Other Non-current Assets    
Regulatory assets 2,091 1,840
Accounts and notes receivable 1,118 1,027
Investments [2] 65 64
Other 353 343
Total other non-current assets 3,627 3,274
Total Assets 21,622 20,299
Current Liabilities    
Current portion of long-term debt, capital leases, and financing obligation 886 706
Notes payable 398 249
Accounts payable 598 633
Accounts payable - related parties 12 9
Accrued rate refunds 21 26
Accrued interest 98 106
Accrued taxes 348 349
Regulatory liabilities 95 82
Other current liabilities 199 142
Total current liabilities 2,655 2,302
Non-current Liabilities    
Long-term debt 8,640 8,400
Non-current portion of capital leases and financing obligation 110 118
Regulatory liabilities 2,041 2,088
Postretirement benefits 789 591
Asset retirement obligations 447 439
Deferred investment tax credit 73 56
Deferred income taxes 2,287 2,017
Other non-current liabilities 290 313
Total non-current liabilities 14,677 14,022
Commitments and Contingencies (Notes 3, 4, and 5)
Common stockholder's equity    
Common stock 3 3
Other paid-in capital 4,916 4,837
Accumulated other comprehensive loss (50) (47)
Retained earnings (Accumulated deficit) (616) (855)
Total common stockholders' equity 4,253 3,938
Noncontrolling interests 37 37
Total equity 4,290 3,975
Total Liabilities and Equity 21,622 20,299
Consumers Energy Company [Member]    
Current Assets    
Cash and cash equivalents 131 50
Restricted cash and cash equivalents 19 19
Accounts receivable and accrued revenue, less allowances 800 758
Notes receivable, less allowances 29  
Accounts receivable - related parties 9 17
Inventories at average cost    
Gas in underground storage 446 568
Materials and supplies 114 120
Generating plant fuel stock 57 80
Deferred property taxes 250 235
Regulatory assets 17 16
Prepayments and other current assets 70 66
Total current assets 1,942 1,929
Plant, Property, and Equipment    
Plant, property, and equipment, gross 20,838 18,797
Less accumulated depreciation and amortization 5,994 5,676
Plant, property, and equipment, net 14,844 13,121
Construction work in progress 759 1,467
Total plant, property, and equipment [1] 15,603 14,588
Other Non-current Assets    
Regulatory assets 2,091 1,840
Accounts and notes receivable 27 10
Investments 33 29
Other 250 239
Total other non-current assets 2,401 2,118
Total Assets 19,946 18,635
Current Liabilities    
Current portion of long-term debt, capital leases, and financing obligation 397 220
Notes payable 398 249
Accounts payable 580 613
Accounts payable - related parties 18 15
Accrued rate refunds 21 26
Accrued interest 67 65
Accrued taxes 354 352
Regulatory liabilities 95 82
Other current liabilities 164 109
Total current liabilities 2,094 1,731
Non-current Liabilities    
Long-term debt 5,253 5,183
Non-current portion of capital leases and financing obligation 110 118
Regulatory liabilities 2,041 2,088
Postretirement benefits 730 529
Asset retirement obligations 446 438
Deferred investment tax credit 73 56
Deferred income taxes 3,042 2,710
Other non-current liabilities 218 236
Total non-current liabilities 11,913 11,358
Commitments and Contingencies (Notes 3, 4, and 5)
Common stockholder's equity    
Common stock 841 841
Other paid-in capital 3,999 3,724
Accumulated other comprehensive loss (3) (6)
Retained earnings (Accumulated deficit) 1,065 950
Total common stockholders' equity 5,902 5,509
Preferred stock 37 37
Total equity 5,939 5,546
Total Liabilities and Equity $ 19,946 $ 18,635
[1] For the year ended December 31, 2016, Consumers' plant additions were $2.3 billion and plant retirements were $285 million. For the year ended December 31, 2015, Consumers' plant additions were $1.4 billion and plant retirements were $187 million.
[2] Consumers had no significant equity method investments.