Consumers Energy Company Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 446	$ 452
Restricted cash and cash equivalents	28	24
Accounts receivable and accrued revenue	1,042	931
Accounts receivable – related parties	10	12
Inventories at average cost
Gas in underground storage	233	462
Materials and supplies	174	168
Generating plant fuel stock	47	37
Deferred property taxes	287	356
Regulatory assets	34	46
Prepayments and other current assets	158	139
Total current assets	2,459	2,627
Other Non‑current Assets
Regulatory assets	2,138	2,259
Accounts receivable	30	30
Other	1,502	1,414
Total other non‑current assets	3,741	3,774
Total Assets	28,740	28,753
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	382	382
Accounts payable	687	875
Accounts payable – related parties	8	11
Accrued rate refunds	0	12
Accrued interest	112	107
Accrued taxes	389	515
Regulatory liabilities	92	146
Other current liabilities	144	156
Total current liabilities	1,814	2,204
Non‑current Liabilities
Long-term debt	12,045	12,046
Non-current portion of finance leases and other financing	46	46
Regulatory liabilities	3,874	3,802
Postretirement benefits	140	142
Asset retirement obligations	619	628
Deferred investment tax credit	111	112
Deferred income taxes	2,315	2,210
Other non‑current liabilities	371	375
Total non‑current liabilities	19,521	19,361
Commitments and Contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	5,406	5,406
Accumulated other comprehensive loss	(54)	(59)
Retained earnings	1,275	1,057
Total common stockholders’ equity	6,630	6,407
Cumulative preferred stock	224	224
Total stockholders’ equity	6,854	6,631
Total Liabilities and Equity	28,740	28,753
Consumers Energy Company
Current Assets
Cash and cash equivalents	12	22
Restricted cash and cash equivalents	26	22
Accounts receivable and accrued revenue	1,011	905
Accounts receivable – related parties	8	9
Inventories at average cost
Gas in underground storage	233	462
Materials and supplies	169	163
Generating plant fuel stock	46	33
Deferred property taxes	287	356
Regulatory assets	34	46
Prepayments and other current assets	121	103
Total current assets	1,947	2,121
Plant, Property, and Equipment
Plant, property, and equipment, gross	29,076	28,771
Less accumulated depreciation and amortization	8,403	8,371
Plant, property, and equipment, net	20,673	20,400
Construction work in progress	829	915
Total plant, property, and equipment	21,502	21,315
Other Non‑current Assets
Regulatory assets	2,138	2,259
Accounts receivable	36	36
Accounts and notes receivable – related parties	101	102
Other	1,390	1,307
Total other non‑current assets	3,665	3,704
Total Assets	27,114	27,140
Current Liabilities
Current portion of long-term debt, finance leases, and other financing	374	374
Notes payable – related parties	0	392
Accounts payable	647	835
Accounts payable – related parties	13	16
Accrued rate refunds	0	12
Accrued interest	80	75
Accrued taxes	396	529
Regulatory liabilities	92	146
Other current liabilities	122	109
Total current liabilities	1,724	2,488
Non‑current Liabilities
Long-term debt	8,051	8,050
Non-current portion of finance leases and other financing	46	46
Regulatory liabilities	3,874	3,802
Postretirement benefits	103	104
Asset retirement obligations	595	605
Deferred investment tax credit	111	112
Deferred income taxes	2,458	2,340
Other non‑current liabilities	314	314
Total non‑current liabilities	15,552	15,373
Commitments and Contingencies
Common stockholders’ equity
Common stock	841	841
Other paid-in capital	7,049	6,599
Accumulated other comprehensive loss	(31)	(32)
Retained earnings	1,942	1,834
Total common stockholders’ equity	9,801	9,242
Cumulative preferred stock	37	37
Total stockholders’ equity	9,838	9,279
Total Liabilities and Equity	$ 27,114	$ 27,140