Consumers Energy Company Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 844	$ 103
Restricted cash and cash equivalents	81	75
Inventories at average cost
Gas in underground storage	402	435
Materials and supplies	305	299
Generating plant fuel stock	29	35
Deferred property taxes	324	448
Regulatory assets	132	229
Prepayments and other current assets	140	103
Total current assets	3,193	2,790
Other Non‑current Assets
Regulatory assets	3,570	3,569
Accounts and notes receivable – related parties	68	20
Postretirement benefits	1,705	1,627
Other	254	384
Total other non‑current assets	5,659	5,669
Total Assets	37,699	35,920
Current Liabilities
Current portion of long-term debt and finance leases	1,125	1,195
Notes payable	0	65
Accrued rate refunds	4	38
Accrued interest	170	156
Accrued taxes	461	654
Regulatory liabilities	93	111
Other current liabilities	197	209
Total current liabilities	3,196	3,521
Non‑current Liabilities
Long-term debt	16,781	15,194
Non-current portion of finance leases	139	112
Regulatory liabilities	4,164	4,067
Postretirement benefits	93	96
Asset retirement obligations	747	728
Deferred investment tax credit	120	122
Deferred income taxes	3,079	2,925
Other non‑current liabilities	409	407
Total non‑current liabilities	25,532	23,651
Commitments and Contingencies
Common stockholders’ equity
Common stock	3	3
Other paid-in capital	5,998	6,009
Accumulated other comprehensive loss	(41)	(41)
Retained earnings	2,210	2,035
Total common stockholders’ equity	8,170	8,006
Cumulative preferred stock	224	224
Total stockholders’ equity	8,394	8,230
Total Liabilities and Equity	37,699	35,920
Nonrelated Party
Current Assets
Accounts receivable and accrued revenue, less allowance of $30 in 2025 and $23 in 2024	924	1,049
Current Liabilities
Accounts payable	1,139	1,085
Related Party
Current Liabilities
Accounts payable	7	8
Consumers Energy Company
Current Assets
Cash and cash equivalents	599	44
Restricted cash and cash equivalents	81	75
Inventories at average cost
Gas in underground storage	402	435
Materials and supplies	296	291
Generating plant fuel stock	25	30
Deferred property taxes	324	448
Regulatory assets	132	229
Prepayments and other current assets	130	86
Total current assets	2,883	2,674
Plant, Property, and Equipment
Plant, property, and equipment, gross	34,406	33,434
Less accumulated depreciation and amortization	9,600	9,310
Plant, property, and equipment, net	24,806	24,124
Construction work in progress	2,253	1,766
Total plant, property, and equipment	27,059	25,890
Other Non‑current Assets
Regulatory assets	3,570	3,569
Postretirement benefits	1,586	1,514
Other	205	323
Total other non‑current assets	5,525	5,524
Total Assets	35,467	34,088
Current Liabilities
Current portion of long-term debt and finance leases	576	456
Notes payable	0	65
Accrued rate refunds	4	38
Accrued interest	140	130
Accrued taxes	522	678
Regulatory liabilities	93	111
Other current liabilities	152	185
Total current liabilities	2,531	2,592
Non‑current Liabilities
Non-current portion of finance leases	86	69
Regulatory liabilities	4,164	4,067
Postretirement benefits	68	70
Asset retirement obligations	713	694
Deferred investment tax credit	120	122
Deferred income taxes	3,148	3,053
Other non‑current liabilities	354	349
Total non‑current liabilities	21,238	20,065
Commitments and Contingencies
Common stockholders’ equity
Common stock	841	841
Other paid-in capital	8,324	8,174
Accumulated other comprehensive loss	(11)	(11)
Retained earnings	2,507	2,390
Total common stockholders’ equity	11,661	11,394
Cumulative preferred stock	37	37
Total stockholders’ equity	11,698	11,431
Total Liabilities and Equity	35,467	34,088
Consumers Energy Company \| Nonrelated Party
Current Assets
Accounts receivable and accrued revenue, less allowance of $30 in 2025 and $23 in 2024	884	1,019
Other Non‑current Assets
Accounts receivable	74	26
Current Liabilities
Accounts payable	1,029	917
Non‑current Liabilities
Long-term debt	11,581	10,818
Consumers Energy Company \| Related Party
Current Assets
Accounts and notes receivable – related parties	10	17
Other Non‑current Assets
Accounts and notes receivable – related parties	90	92
Current Liabilities
Accounts payable	15	12
Non‑current Liabilities
Long-term debt	$ 1,004	$ 823

Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current AND Amount received for services rendered and products shipped, but not yet billed, for non-contractual agreements due within one year or the normal operating cycle, if longer.

No definition available.