CMS Energy Corporation 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
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
Assets held for sale	19	429
Prepayments and other current assets	120	104
Total current assets	2,627	2,404
Plant, Property, and Equipment
Plant, property, and equipment, gross	29,893	27,870
Less accumulated depreciation and amortization	8,502	7,938
Plant, property, and equipment, net	21,391	19,932
Construction work in progress	961	1,085
Total plant, property, and equipment	22,352	21,017
Other Non‑current Assets
Regulatory assets	2,259	2,653
Accounts receivable	30	19
Investments	71	70
Assets held for sale	0	2,680
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
Liabilities held for sale	0	953
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
Liabilities held for sale	0	1,894
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
Noncontrolling interests	557	581
Total equity	7,188	6,077
Total Liabilities and Equity	$ 28,753	$ 29,666