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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 182 $ 235
Restricted cash and cash equivalents 17 19
Accounts receivable and accrued revenue, less allowance 1,032 821
Notes receivable, less allowance 198 180
Notes receivable held for sale 2 39
Accounts receivable - related parties 12 12
Inventories at average cost    
Gas in underground storage 458 446
Materials and supplies 133 119
Generating plant fuel stock 81 61
Deferred property taxes 257 250
Regulatory assets 20 17
Prepayments and other current assets 83 81
Total current assets 2,475 2,280
Plant, Property, and Equipment    
Plant, property, and equipment, gross 22,506 21,010
Less accumulated depreciation and amortization 6,510 6,056
Plant, property, and equipment, net 15,996 14,954
Construction work in progress 765 761
Total plant, property, and equipment [1] 16,761 15,715
Other Non-current Assets    
Regulatory assets 1,764 2,091
Accounts and notes receivable 1,187 1,118
Investments [2] 64 65
Other 799 353
Total other non-current assets 3,814 3,627
Total Assets 23,050 21,622
Current Liabilities    
Current portion of long-term debt, capital leases, and financing obligation 1,103 886
Notes payable 170 398
Accounts payable 725 598
Accounts payable - related parties 15 12
Accrued rate refunds 33 21
Accrued interest 103 98
Accrued taxes 360 348
Regulatory liabilities 80 95
Other current liabilities 195 199
Total current liabilities 2,784 2,655
Non-current Liabilities    
Long-term debt 9,123 8,640
Non-current portion of capital leases and financing obligation 91 110
Regulatory liabilities 3,715 2,041
Postretirement benefits 766 789
Asset retirement obligations 430 447
Deferred investment tax credit 87 73
Deferred income taxes 1,269 2,287
Other non-current liabilities 307 290
Total non-current liabilities 15,788 14,677
Commitments and Contingencies (Notes 3 and 4)
Common stockholder's equity    
Common stock 3 3
Other paid-in capital 5,019 4,916
Accumulated other comprehensive loss (50) (50)
Retained earnings (Accumulated deficit) (531) (616)
Total common stockholders' equity 4,441 4,253
Noncontrolling interests 37 37
Total equity 4,478 4,290
Total Liabilities and Equity 23,050 21,622
Consumers Energy Company [Member]    
Current Assets    
Cash and cash equivalents 44 131
Restricted cash and cash equivalents 17 19
Accounts receivable and accrued revenue, less allowance 885 800
Notes receivable, less allowance 17 29
Accounts receivable - related parties 2 9
Inventories at average cost    
Gas in underground storage 458 446
Materials and supplies 128 114
Generating plant fuel stock 76 57
Deferred property taxes 257 250
Regulatory assets 20 17
Prepayments and other current assets 71 70
Total current assets 1,975 1,942
Plant, Property, and Equipment    
Plant, property, and equipment, gross 22,318 20,838
Less accumulated depreciation and amortization 6,441 5,994
Plant, property, and equipment, net 15,877 14,844
Construction work in progress 753 759
Total plant, property, and equipment [1] 16,630 15,603
Other Non-current Assets    
Regulatory assets 1,764 2,091
Accounts and notes receivable 22 27
Investments 21 33
Other 687 250
Total other non-current assets 2,494 2,401
Total Assets 21,099 19,946
Current Liabilities    
Current portion of long-term debt, capital leases, and financing obligation 365 397
Notes payable 170 398
Accounts payable 701 580
Accounts payable - related parties 19 18
Accrued rate refunds 33 21
Accrued interest 67 67
Accrued taxes 542 354
Regulatory liabilities 80 95
Other current liabilities 159 164
Total current liabilities 2,136 2,094
Non-current Liabilities    
Long-term debt 5,561 5,253
Non-current portion of capital leases and financing obligation 91 110
Regulatory liabilities 3,715 2,041
Postretirement benefits 711 730
Asset retirement obligations 429 446
Deferred investment tax credit 87 73
Deferred income taxes 1,640 3,042
Other non-current liabilities 241 218
Total non-current liabilities 12,475 11,913
Commitments and Contingencies (Notes 3 and 4)
Common stockholder's equity    
Common stock 841 841
Other paid-in capital 4,449 3,999
Accumulated other comprehensive loss (12) (3)
Retained earnings (Accumulated deficit) 1,173 1,065
Total common stockholders' equity 6,451 5,902
Preferred stock 37 37
Total equity 6,488 5,939
Total Liabilities and Equity $ 21,099 $ 19,946
[1] For the year ended December 31, 2017, Consumers' plant additions were $1.7 billion and plant retirements were $214 million. For the year ended December 31, 2016, Consumers' plant additions were $2.3 billion and plant retirements were $285 million.
[2] Consumers had no significant equity method investments.