Consumers Energy Company Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Current Assets
Cash and cash equivalents	$ 452	$ 32
Restricted cash and cash equivalents	24	17
Accounts receivable and accrued revenue	931	853
Assets held for sale	19	429
Accounts receivable – related parties	12	19
Inventories at average cost
Gas in underground storage	462	353
Materials and supplies	168	155
Generating plant fuel stock	37	68
Deferred property taxes	356	332
Regulatory assets	46	42
Prepayments and other current assets	120	104
Total current assets	2,627	2,404
Other Non‑current Assets
Regulatory assets	2,259	2,653
Accounts receivable	30	19
Other	1,414	823
Total other non‑current assets	3,774	6,245
Total Assets	28,753	29,666
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	382	591
Accounts payable	875	661
Accounts payable – related parties	11	7
Accrued rate refunds	12	20
Accrued interest	107	104
Accrued taxes	515	454
Regulatory liabilities	146	151
Other current liabilities	156	133
Total current liabilities	2,204	3,074
Non‑current Liabilities
Long-term debt	12,046	11,744
Non-current portion of finance leases and other financing	46	56
Regulatory liabilities	3,802	3,744
Postretirement benefits	142	152
Asset retirement obligations	628	553
Deferred investment tax credit	112	115
Deferred income taxes	2,210	1,863
Other non‑current liabilities	375	394
Total non‑current liabilities	19,361	20,515
Commitments and Contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	5,406	5,365
Accumulated other comprehensive loss	(59)	(86)
Retained earnings	1,057	214
Total common stockholders’ equity	6,407	5,496
Cumulative preferred stock	224	0
Total stockholders’ equity	6,631	5,496
Total Liabilities and Equity	28,753	29,666
Consumers Energy Company
Current Assets
Cash and cash equivalents	22	20
Restricted cash and cash equivalents	22	15
Accounts receivable and accrued revenue	905	828
Assets held for sale	19	0
Accounts receivable – related parties	9	18
Inventories at average cost
Gas in underground storage	462	353
Materials and supplies	163	149
Generating plant fuel stock	33	67
Deferred property taxes	356	332
Regulatory assets	46	42
Prepayments and other current assets	84	68
Total current assets	2,121	1,892
Plant, Property, and Equipment
Plant, property, and equipment, gross	28,771	26,757
Less accumulated depreciation and amortization	8,371	7,844
Plant, property, and equipment, net	20,400	18,913
Construction work in progress	915	1,058
Total plant, property, and equipment	21,315	19,971
Other Non‑current Assets
Regulatory assets	2,259	2,653
Accounts receivable	36	25
Accounts and notes receivable – related parties	102	105
Other	1,307	753
Total other non‑current assets	3,704	3,536
Total Assets	27,140	25,399
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	374	384
Notes payable – related parties	392	307
Accounts payable	835	636
Accounts payable – related parties	16	7
Accrued rate refunds	12	20
Accrued interest	75	72
Accrued taxes	529	458
Regulatory liabilities	146	151
Other current liabilities	109	104
Total current liabilities	2,488	2,139
Non‑current Liabilities
Long-term debt	8,050	7,742
Non-current portion of finance leases and other financing	46	56
Regulatory liabilities	3,802	3,744
Postretirement benefits	104	112
Asset retirement obligations	605	530
Deferred investment tax credit	112	115
Deferred income taxes	2,340	2,094
Other non‑current liabilities	314	311
Total non‑current liabilities	15,373	14,704
Commitments and Contingencies
Common stockholders’ equity
Common stock	841	841
Other paid-in capital	6,599	6,024
Accumulated other comprehensive loss	(32)	(36)
Retained earnings	1,834	1,690
Total common stockholders’ equity	9,242	8,519
Cumulative preferred stock	37	37
Total stockholders’ equity	9,279	8,556
Total Liabilities and Equity	$ 27,140	$ 25,399