Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

Presented in the following table are CMS Energy’s and Consumers’ assets and liabilities recorded at fair value on a recurring basis:

In Millions
	CMS Energy, including Consumers						Consumers
	March 31 2022			December 31 2021			March 31 2022			December 31 2021
Assets1
Cash equivalents		$	40		$	—		$	—		$	—
Restricted cash equivalents		28			24			26			22
Nonqualified deferred compensation plan assets		26			27			20			21
Derivative instruments		1			2			1			2
Total assets		$	95		$	53		$	47		$	45
Liabilities1
Nonqualified deferred compensation plan liabilities		$	26		$	27		$	20		$	21
Derivative instruments		3			7			—			—
Total liabilities		$	29		$	34		$	20		$	21

1All assets and liabilities were classified as Level 1 with the exception of derivative contracts, which were classified as Level 2 or Level 3.

Consumers Energy Company

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Assets And Liabilities Measured At Fair Value On A Recurring Basis

Presented in the following table are CMS Energy’s and Consumers’ assets and liabilities recorded at fair value on a recurring basis:

In Millions
	CMS Energy, including Consumers						Consumers
	March 31 2022			December 31 2021			March 31 2022			December 31 2021
Assets1
Cash equivalents		$	40		$	—		$	—		$	—
Restricted cash equivalents		28			24			26			22
Nonqualified deferred compensation plan assets		26			27			20			21
Derivative instruments		1			2			1			2
Total assets		$	95		$	53		$	47		$	45
Liabilities1
Nonqualified deferred compensation plan liabilities		$	26		$	27		$	20		$	21
Derivative instruments		3			7			—			—
Total liabilities		$	29		$	34		$	20		$	21

1All assets and liabilities were classified as Level 1 with the exception of derivative contracts, which were classified as Level 2 or Level 3.