XML 26 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 195 $ 182
Restricted cash and cash equivalents 26 17
Accounts receivable and accrued revenue, less allowance 1,002 1,032
Notes receivable, less allowance 201 198
Notes receivable held for sale 2 2
Accounts receivable - related parties 13 12
Inventories at average cost    
Gas in underground storage 244 458
Materials and supplies 136 133
Generating plant fuel stock 65 81
Deferred property taxes 207 257
Regulatory assets 15 20
Prepayments and other current assets 101 83
Total current assets 2,207 2,475
Plant, Property, and Equipment    
Plant, property, and equipment, gross 22,878 22,506
Less accumulated depreciation and amortization 6,682 6,510
Plant, property, and equipment, net 16,196 15,996
Construction work in progress 708 765
Total plant, property, and equipment 16,904 16,761
Other Non-current Assets    
Regulatory assets 1,718 1,764
Accounts and notes receivable 1,183 1,187
Investments 67 64
Other 789 799
Total other non-current assets 3,757 3,814
Total Assets 22,868 23,050
Current Liabilities    
Current portion of long-term debt, capital leases, and financing obligation 1,286 1,103
Notes payable   170
Accounts payable 534 725
Accounts payable - related parties 6 15
Accrued rate refunds 46 33
Accrued interest 77 103
Accrued taxes 265 360
Regulatory liabilities 134 80
Other current liabilities 134 195
Total current liabilities 2,482 2,784
Non-current Liabilities    
Long-term debt 8,996 9,123
Non-current portion of capital leases and financing obligation 86 91
Regulatory liabilities 3,747 3,715
Postretirement benefits 778 766
Asset retirement obligations 427 430
Deferred investment tax credit 86 87
Deferred income taxes 1,326 1,269
Other non-current liabilities 307 307
Total non-current liabilities 15,753 15,788
Commitments and Contingencies (Notes 2 and 3)
Common stockholder's equity    
Common stock 3 3
Other paid-in capital 5,037 5,019
Accumulated other comprehensive loss (61) (50)
Retained earnings (Accumulated deficit) (383) (531)
Total common stockholders' equity 4,596 4,441
Noncontrolling interests 37 37
Total equity 4,633 4,478
Total Liabilities and Equity 22,868 23,050
Consumers Energy Company [Member]    
Current Assets    
Cash and cash equivalents 115 44
Restricted cash and cash equivalents 26 17
Accounts receivable and accrued revenue, less allowance 858 885
Notes receivable, less allowance 17 17
Accounts receivable - related parties 2 2
Inventories at average cost    
Gas in underground storage 244 458
Materials and supplies 131 128
Generating plant fuel stock 62 76
Deferred property taxes 207 257
Regulatory assets 15 20
Prepayments and other current assets 89 71
Total current assets 1,766 1,975
Plant, Property, and Equipment    
Plant, property, and equipment, gross 22,692 22,318
Less accumulated depreciation and amortization 6,612 6,441
Plant, property, and equipment, net 16,080 15,877
Construction work in progress 688 753
Total plant, property, and equipment 16,768 16,630
Other Non-current Assets    
Regulatory assets 1,718 1,764
Accounts and notes receivable 22 22
Investments 1 21
Other 674 687
Total other non-current assets 2,415 2,494
Total Assets 20,949 21,099
Current Liabilities    
Current portion of long-term debt, capital leases, and financing obligation 715 365
Notes payable   170
Accounts payable 514 701
Accounts payable - related parties 10 19
Accrued rate refunds 46 33
Accrued interest 50 67
Accrued taxes 484 542
Regulatory liabilities 134 80
Other current liabilities 103 159
Total current liabilities 2,056 2,136
Non-current Liabilities    
Long-term debt 5,211 5,561
Non-current portion of capital leases and financing obligation 86 91
Regulatory liabilities 3,747 3,715
Postretirement benefits 721 711
Asset retirement obligations 426 429
Deferred investment tax credit 86 87
Deferred income taxes 1,659 1,640
Other non-current liabilities 244 241
Total non-current liabilities 12,180 12,475
Commitments and Contingencies (Notes 2 and 3)
Common stockholder's equity    
Common stock 841 841
Other paid-in capital 4,549 4,449
Accumulated other comprehensive loss (29) (12)
Retained earnings (Accumulated deficit) 1,315 1,173
Total common stockholders' equity 6,676 6,451
Preferred stock 37 37
Total equity 6,713 6,488
Total Liabilities and Equity $ 20,949 $ 21,099