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Organization and Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
The table below summarizes the major Consolidated Statements of Financial Position items for consolidated VIEs as of March 31, 2024 and December 31, 2023. All assets and liabilities of a consolidated VIE are presented where it has been determined that a consolidated VIE has either (1) assets that can be used only to settle obligations of the VIE or (2) liabilities for which creditors do not have recourse to the general credit of the primary beneficiary. Assets and liabilities of the DTE Securitization entities have been aggregated due to their similar nature and are separately stated in the table below, comprising the entirety of the DTE Electric amounts. For all other VIEs, assets and liabilities are also aggregated due to their similar nature and presented together with the DTE Securitization entities in the DTE Energy amounts below. VIEs, in which DTE Energy holds a majority voting interest and is the primary beneficiary, that meet the definition of a business and whose assets can be used for purposes other than the settlement of the VIE's obligations have been excluded from the table.
Amounts for the Registrants' consolidated VIEs are as follows:
March 31, 2024December 31, 2023
DTE EnergyDTE ElectricDTE EnergyDTE Electric
(In millions)
ASSETS
Cash and cash equivalents$8 $ $$— 
Restricted cash57 45 25 17 
Accounts receivable19 7 85 
Securitized regulatory assets741 741 758 758 
Notes receivable(a)
544  183 — 
Other current and long-term assets1  
$1,370 $793 $1,062 $782 
LIABILITIES
Accounts payable$20 $ $59 $— 
Accrued interest17 17 
Securitization bonds(b)
769 769 769 769 
Other current and long-term liabilities26 11 20 
$832 $797 $854 $783 
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(a)During the first quarter 2024, a consolidated VIE of DTE Vantage recorded a significant increase in Notes Receivable, primarily due to a one-time payment of $306 million for investments related to a large industrial project. At March 31, 2024, Notes Receivable includes $10 million reported in Current Assets — Other on DTE Energy's Consolidated Statements of Financial Position.
(b)Includes $79 million and $64 million reported in Current portion of long-term debt on the Registrants' Consolidated Statements of Financial Position for the periods ended March 31, 2024 and December 31, 2023, respectively.
Summary of Amounts for Non-Consolidated Variable Interest Entities
Amounts for DTE Energy's non-consolidated VIEs are as follows:
March 31, 2024December 31, 2023
(In millions)
Investments in equity method investees$100 $112 
Notes receivable$18 $15