Reportable Segments

6 Months Ended

Jun. 30, 2025

Segment Reporting Information [Line Items]

Reportable segments consist of business units defined by the products and services they offer. CMS Energy’s and Consumers’ chief operating decision-maker is the CEO. The chief operating decision-maker evaluates segment performance and profitability using net income available to CMS Energy’s common stockholders. This metric provides a clear, consistent basis for analyzing the financial results of each segment and supports decision-making regarding the allocation of resources.

Resource allocation to CMS Energy’s and Consumers’ segments begins with the annual budgeting process, which establishes initial funding and resource levels for each segment. The budget incorporates key financial and operational inputs, including anticipated revenues, expenses, and capital requirements, aligning with CMS Energy’s and Consumers’ strategic objectives and regulatory obligations. The chief operating decision-maker reviews budget-to-actual variances on a monthly basis and makes interim decisions to reallocate resources among segments as needed, ensuring a timely and effective response to changing conditions. For the electric utility and gas utility segments, the chief operating decision-maker uses this assessment to determine whether the segments are achieving their regulatory authorized return on equity.

CMS Energy

The segments reported for CMS Energy are:

•electric utility, consisting of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan

•gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan

•NorthStar Clean Energy, consisting of various subsidiaries engaging in domestic independent power production, including the development and operation of renewable generation, and the marketing of independent power production

CMS Energy presents corporate interest and other expenses, discontinued operations, and Consumers’ other consolidated entities within other reconciling items.

Consumers

The segments reported for Consumers are:

•electric utility, consisting of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan

•gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan

Consumers’ other consolidated entities are presented within other reconciling items.


In Millions
Three Months Ended June 30, 2025	Electric Utility			Gas Utility			NorthStar Clean Energy			Segments Total			Other Reconciling Items			Consolidated
CMS Energy, including Consumers
Operating revenue		$	1,359		$	387		$	92		$	1,838		$	—		$	1,838
Operating expenses
Power supply cost1		537			—			66			603			—			603
Cost of gas sold		—			123			1			124			—			124
Maintenance and other operating expenses		264			112			18			394			3			397
Depreciation and amortization		222			54			12			288			—			288
General taxes		73			33			3			109			—			109
Total operating expenses		1,096			322			100			1,518			3			1,521
Operating Income (Loss)		263			65			(8)			320			(3)			317
Other income		36			23			2			61			76			137
Interest charges		89			51			(1)			139			60			199
Income (Loss) Before Income Taxes		210			37			(5)			242			13			255
Income tax expense (benefit)		42			12			(18)			36			26			62
Income (Loss) From Continuing Operations		168			25			13			206			(13)			193
Other segment items2		(1)			—			9			8			(3)			5
Net Income (Loss) Available to Common Stockholders		$	167		$	25		$	22		$	214		$	(16)		$	198
Property, plant, and equipment, gross		$	20,761	3	$	13,609	3	$	1,562		$	35,932		$	30		$	35,962
Total assets		21,942		3	13,388		3	2,105			37,435			264			37,699

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of loss attributable to noncontrolling interests and preferred stock dividends.

3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.


In Millions
Three Months Ended June 30, 2025	Electric Utility			Gas Utility			Segments Total			Other Reconciling Items			Consolidated
Consumers
Operating revenue		$	1,359		$	387		$	1,746		$	—		$	1,746
Operating expenses
Power supply cost1		537			—			537			—			537
Cost of gas sold		—			123			123			—			123
Maintenance and other operating expenses		264			112			376			—			376
Depreciation and amortization		222			54			276			—			276
General taxes		73			33			106			—			106
Total operating expenses		1,096			322			1,418			—			1,418
Operating Income		263			65			328			—			328
Other income		36			23			59			1			60
Interest charges		89			51			140			1			141
Income Before Income Taxes		210			37			247			—			247
Income tax expense		42			12			54			5			59
Net Income (Loss)		168			25			193			(5)			188
Other segment items2		(1)			—			(1)			—			(1)
Net Income (Loss) Available to Common Stockholder		$	167		$	25		$	192		$	(5)		$	187
Property, plant, and equipment, gross		$	20,761	3	$	13,609	3	$	34,370		$	36		$	34,406
Total assets		21,997		3	13,430		3	35,427			40			35,467

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of preferred stock dividends.

3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.


In Millions
Three Months Ended June 30, 2024	Electric Utility			Gas Utility			NorthStar Clean Energy			Segments Total			Other Reconciling Items			Consolidated
CMS Energy, including Consumers
Operating revenue		$	1,226		$	307		$	74		$	1,607		$	—		$	1,607
Operating expenses
Power supply cost1		444			—			35			479			—			479
Cost of gas sold		—			66			—			66			—			66
Maintenance and other operating expenses		261			116			24			401			3			404
Depreciation and amortization		209			51			13			273			—			273
General taxes		68			31			3			102			—			102
Total operating expenses		982			264			75			1,321			3			1,324
Operating Income (Loss)		244			43			(1)			286			(3)			283
Other income		36			23			2			61			52			113
Interest charges		79			46			—			125			48			173
Income Before Income Taxes		201			20			1			222			1			223
Income tax expense		30			5			2			37			4			41
Income (Loss) From Continuing Operations		171			15			(1)			185			(3)			182
Other segment items2		(1)			—			17			16			(3)			13
Net Income (Loss) Available to Common Stockholders		$	170		$	15		$	16		$	201		$	(6)		$	195
Property, plant, and equipment, gross		$	19,557	3	$	12,638	3	$	1,464		$	33,659		$	21		$	33,680
Total assets		20,122		3	12,469		3	1,659			34,250			105			34,355

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of income from discontinued operations, net of tax, loss attributable to noncontrolling interests, and preferred stock dividends.

3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.


In Millions
Three Months Ended June 30, 2024	Electric Utility			Gas Utility			Segments Total			Other Reconciling Items			Consolidated
Consumers
Operating revenue		$	1,226		$	307		$	1,533		$	—		$	1,533
Operating expenses
Power supply cost1		444			—			444			—			444
Cost of gas sold		—			66			66			—			66
Maintenance and other operating expenses		261			116			377			—			377
Depreciation and amortization		209			51			260			1			261
General taxes		68			31			99			—			99
Total operating expenses		982			264			1,246			1			1,247
Operating Income (Loss)		244			43			287			(1)			286
Other income		36			23			59			—			59
Interest charges		79			46			125			1			126
Income (Loss) Before Income Taxes		201			20			221			(2)			219
Income tax expense		30			5			35			6			41
Net Income (Loss)		171			15			186			(8)			178
Other segment items2		(1)			—			(1)			—			(1)
Net Income (Loss) Available to Common Stockholder		$	170		$	15		$	185		$	(8)		$	177
Property, plant, and equipment, gross		$	19,557		$	12,638		$	32,195		$	29		$	32,224
Total assets		20,180			12,512			32,692			26			32,718

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of preferred stock dividends.

3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.

Presented in the following tables is financial information by segment:


In Millions
Six Months Ended June 30, 2025	Electric Utility			Gas Utility			NorthStar Clean Energy			Segments Total			Other Reconciling Items			Consolidated
CMS Energy, including Consumers
Operating revenue		$	2,658		$	1,436		$	191		$	4,285		$	—		$	4,285
Operating expenses
Power supply cost1		1,083			—			135			1,218			—			1,218
Cost of gas sold		—			505			2			507			—			507
Maintenance and other operating expenses		521			228			48			797			5			802
Depreciation and amortization		443			208			25			676			—			676
General taxes		146			119			6			271			—			271
Total operating expenses		2,193			1,060			216			3,469			5			3,474
Operating Income (Loss)		465			376			(25)			816			(5)			811
Other income		63			42			3			108			79			187
Interest charges		171			99			(1)			269			116			385
Income (Loss) Before Income Taxes		357			319			(21)			655			(42)			613
Income tax expense (benefit)		65			81			(7)			139			(14)			125
Income (Loss) From Continuing Operations		292			238			(14)			516			(28)			488
Other segment items2		(1)			—			18			17			(5)			12
Net Income (Loss) Available to Common Stockholders		$	291		$	238		$	4		$	533		$	(33)		$	500

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of loss attributable to noncontrolling interests and preferred stock dividends.


In Millions
Six Months Ended June 30, 2025	Electric Utility			Gas Utility			Segments Total			Other Reconciling Items			Consolidated
Consumers
Operating revenue		$	2,658		$	1,436		$	4,094		$	—		$	4,094
Operating expenses
Power supply cost1		1,083			—			1,083			—			1,083
Cost of gas sold		—			505			505			—			505
Maintenance and other operating expenses		521			228			749			—			749
Depreciation and amortization		443			208			651			—			651
General taxes		146			119			265			—			265
Total operating expenses		2,193			1,060			3,253			—			3,253
Operating Income		465			376			841			—			841
Other income		63			42			105			1			106
Interest charges		171			99			270			1			271
Income Before Income Taxes		357			319			676			—			676
Income tax expense (benefit)		65			81			146			(4)			142
Net Income		292			238			530			4			534
Other segment items2		(1)			—			(1)			—			(1)
Net Income Available to Common Stockholder		$	291		$	238		$	529		$	4		$	533

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of preferred stock dividends.


In Millions
Six Months Ended June 30, 2024	Electric Utility			Gas Utility			NorthStar Clean Energy			Segments Total			Other Reconciling Items			Consolidated
CMS Energy, including Consumers
Operating revenue		$	2,358		$	1,272		$	153		$	3,783		$	—		$	3,783
Operating expenses
Power supply cost1		893			—			74			967			—			967
Cost of gas sold		—			416			1			417			—			417
Maintenance and other operating expenses		499			256			46			801			5			806
Depreciation and amortization		422			194			24			640			1			641
General taxes		139			112			6			257			—			257
Total operating expenses		1,953			978			151			3,082			6			3,088
Operating Income (Loss)		405			294			2			701			(6)			695
Other income		70			45			8			123			76			199
Interest charges		160			94			1			255			95			350
Income (Loss) Before Income Taxes		315			245			9			569			(25)			544
Income tax expense (benefit)		47			61			3			111			(12)			99
Income (Loss) From Continuing Operations		268			184			6			458			(13)			445
Other segment items2		(1)			—			41			40			(5)			35
Net Income (Loss) Available to Common Stockholders		$	267		$	184		$	47		$	498		$	(18)		$	480

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of loss attributable to noncontrolling interests and preferred stock dividends.


In Millions
Six Months Ended June 30, 2024	Electric Utility			Gas Utility			Segments Total			Other Reconciling Items			Consolidated
Consumers
Operating revenue		$	2,358		$	1,272		$	3,630		$	—		$	3,630
Operating expenses
Power supply cost1		893			—			893			—			893
Cost of gas sold		—			416			416			—			416
Maintenance and other operating expenses		499			256			755			—			755
Depreciation and amortization		422			194			616			1			617
General taxes		139			112			251			—			251
Total operating expenses		1,953			978			2,931			1			2,932
Operating Income (Loss)		405			294			699			(1)			698
Other income		70			45			115			—			115
Interest charges		160			94			254			1			255
Income (Loss) Before Income Taxes		315			245			560			(2)			558
Income tax expense (benefit)		47			61			108			(3)			105
Net Income		268			184			452			1			453
Other segment items2		(1)			—			(1)			—			(1)
Net Income Available to Common Stockholder		$	267		$	184		$	451		$	1		$	452

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of preferred stock dividends.

Consumers Energy Company

Segment Reporting Information [Line Items]

Reportable Segments

CMS Energy

The segments reported for CMS Energy are:

•electric utility, consisting of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan

•gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan

CMS Energy presents corporate interest and other expenses, discontinued operations, and Consumers’ other consolidated entities within other reconciling items.

Consumers

The segments reported for Consumers are:

•electric utility, consisting of regulated activities associated with the generation, purchase, distribution, and sale of electricity in Michigan

•gas utility, consisting of regulated activities associated with the purchase, transmission, storage, distribution, and sale of natural gas in Michigan

Consumers’ other consolidated entities are presented within other reconciling items.


In Millions
Three Months Ended June 30, 2025	Electric Utility			Gas Utility			NorthStar Clean Energy			Segments Total			Other Reconciling Items			Consolidated
CMS Energy, including Consumers
Operating revenue		$	1,359		$	387		$	92		$	1,838		$	—		$	1,838
Operating expenses
Power supply cost1		537			—			66			603			—			603
Cost of gas sold		—			123			1			124			—			124
Maintenance and other operating expenses		264			112			18			394			3			397
Depreciation and amortization		222			54			12			288			—			288
General taxes		73			33			3			109			—			109
Total operating expenses		1,096			322			100			1,518			3			1,521
Operating Income (Loss)		263			65			(8)			320			(3)			317
Other income		36			23			2			61			76			137
Interest charges		89			51			(1)			139			60			199
Income (Loss) Before Income Taxes		210			37			(5)			242			13			255
Income tax expense (benefit)		42			12			(18)			36			26			62
Income (Loss) From Continuing Operations		168			25			13			206			(13)			193
Other segment items2		(1)			—			9			8			(3)			5
Net Income (Loss) Available to Common Stockholders		$	167		$	25		$	22		$	214		$	(16)		$	198
Property, plant, and equipment, gross		$	20,761	3	$	13,609	3	$	1,562		$	35,932		$	30		$	35,962
Total assets		21,942		3	13,388		3	2,105			37,435			264			37,699

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of loss attributable to noncontrolling interests and preferred stock dividends.

3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.


In Millions
Three Months Ended June 30, 2025	Electric Utility			Gas Utility			Segments Total			Other Reconciling Items			Consolidated
Consumers
Operating revenue		$	1,359		$	387		$	1,746		$	—		$	1,746
Operating expenses
Power supply cost1		537			—			537			—			537
Cost of gas sold		—			123			123			—			123
Maintenance and other operating expenses		264			112			376			—			376
Depreciation and amortization		222			54			276			—			276
General taxes		73			33			106			—			106
Total operating expenses		1,096			322			1,418			—			1,418
Operating Income		263			65			328			—			328
Other income		36			23			59			1			60
Interest charges		89			51			140			1			141
Income Before Income Taxes		210			37			247			—			247
Income tax expense		42			12			54			5			59
Net Income (Loss)		168			25			193			(5)			188
Other segment items2		(1)			—			(1)			—			(1)
Net Income (Loss) Available to Common Stockholder		$	167		$	25		$	192		$	(5)		$	187
Property, plant, and equipment, gross		$	20,761	3	$	13,609	3	$	34,370		$	36		$	34,406
Total assets		21,997		3	13,430		3	35,427			40			35,467

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of preferred stock dividends.

3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.


In Millions
Three Months Ended June 30, 2024	Electric Utility			Gas Utility			NorthStar Clean Energy			Segments Total			Other Reconciling Items			Consolidated
CMS Energy, including Consumers
Operating revenue		$	1,226		$	307		$	74		$	1,607		$	—		$	1,607
Operating expenses
Power supply cost1		444			—			35			479			—			479
Cost of gas sold		—			66			—			66			—			66
Maintenance and other operating expenses		261			116			24			401			3			404
Depreciation and amortization		209			51			13			273			—			273
General taxes		68			31			3			102			—			102
Total operating expenses		982			264			75			1,321			3			1,324
Operating Income (Loss)		244			43			(1)			286			(3)			283
Other income		36			23			2			61			52			113
Interest charges		79			46			—			125			48			173
Income Before Income Taxes		201			20			1			222			1			223
Income tax expense		30			5			2			37			4			41
Income (Loss) From Continuing Operations		171			15			(1)			185			(3)			182
Other segment items2		(1)			—			17			16			(3)			13
Net Income (Loss) Available to Common Stockholders		$	170		$	15		$	16		$	201		$	(6)		$	195
Property, plant, and equipment, gross		$	19,557	3	$	12,638	3	$	1,464		$	33,659		$	21		$	33,680
Total assets		20,122		3	12,469		3	1,659			34,250			105			34,355

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of income from discontinued operations, net of tax, loss attributable to noncontrolling interests, and preferred stock dividends.

3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.


In Millions
Three Months Ended June 30, 2024	Electric Utility			Gas Utility			Segments Total			Other Reconciling Items			Consolidated
Consumers
Operating revenue		$	1,226		$	307		$	1,533		$	—		$	1,533
Operating expenses
Power supply cost1		444			—			444			—			444
Cost of gas sold		—			66			66			—			66
Maintenance and other operating expenses		261			116			377			—			377
Depreciation and amortization		209			51			260			1			261
General taxes		68			31			99			—			99
Total operating expenses		982			264			1,246			1			1,247
Operating Income (Loss)		244			43			287			(1)			286
Other income		36			23			59			—			59
Interest charges		79			46			125			1			126
Income (Loss) Before Income Taxes		201			20			221			(2)			219
Income tax expense		30			5			35			6			41
Net Income (Loss)		171			15			186			(8)			178
Other segment items2		(1)			—			(1)			—			(1)
Net Income (Loss) Available to Common Stockholder		$	170		$	15		$	185		$	(8)		$	177
Property, plant, and equipment, gross		$	19,557		$	12,638		$	32,195		$	29		$	32,224
Total assets		20,180			12,512			32,692			26			32,718

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of preferred stock dividends.

3Amounts include a portion of Consumers’ other common assets attributable to both the electric and gas utility businesses.

Presented in the following tables is financial information by segment:


In Millions
Six Months Ended June 30, 2025	Electric Utility			Gas Utility			NorthStar Clean Energy			Segments Total			Other Reconciling Items			Consolidated
CMS Energy, including Consumers
Operating revenue		$	2,658		$	1,436		$	191		$	4,285		$	—		$	4,285
Operating expenses
Power supply cost1		1,083			—			135			1,218			—			1,218
Cost of gas sold		—			505			2			507			—			507
Maintenance and other operating expenses		521			228			48			797			5			802
Depreciation and amortization		443			208			25			676			—			676
General taxes		146			119			6			271			—			271
Total operating expenses		2,193			1,060			216			3,469			5			3,474
Operating Income (Loss)		465			376			(25)			816			(5)			811
Other income		63			42			3			108			79			187
Interest charges		171			99			(1)			269			116			385
Income (Loss) Before Income Taxes		357			319			(21)			655			(42)			613
Income tax expense (benefit)		65			81			(7)			139			(14)			125
Income (Loss) From Continuing Operations		292			238			(14)			516			(28)			488
Other segment items2		(1)			—			18			17			(5)			12
Net Income (Loss) Available to Common Stockholders		$	291		$	238		$	4		$	533		$	(33)		$	500

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of loss attributable to noncontrolling interests and preferred stock dividends.


In Millions
Six Months Ended June 30, 2025	Electric Utility			Gas Utility			Segments Total			Other Reconciling Items			Consolidated
Consumers
Operating revenue		$	2,658		$	1,436		$	4,094		$	—		$	4,094
Operating expenses
Power supply cost1		1,083			—			1,083			—			1,083
Cost of gas sold		—			505			505			—			505
Maintenance and other operating expenses		521			228			749			—			749
Depreciation and amortization		443			208			651			—			651
General taxes		146			119			265			—			265
Total operating expenses		2,193			1,060			3,253			—			3,253
Operating Income		465			376			841			—			841
Other income		63			42			105			1			106
Interest charges		171			99			270			1			271
Income Before Income Taxes		357			319			676			—			676
Income tax expense (benefit)		65			81			146			(4)			142
Net Income		292			238			530			4			534
Other segment items2		(1)			—			(1)			—			(1)
Net Income Available to Common Stockholder		$	291		$	238		$	529		$	4		$	533

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of preferred stock dividends.


In Millions
Six Months Ended June 30, 2024	Electric Utility			Gas Utility			NorthStar Clean Energy			Segments Total			Other Reconciling Items			Consolidated
CMS Energy, including Consumers
Operating revenue		$	2,358		$	1,272		$	153		$	3,783		$	—		$	3,783
Operating expenses
Power supply cost1		893			—			74			967			—			967
Cost of gas sold		—			416			1			417			—			417
Maintenance and other operating expenses		499			256			46			801			5			806
Depreciation and amortization		422			194			24			640			1			641
General taxes		139			112			6			257			—			257
Total operating expenses		1,953			978			151			3,082			6			3,088
Operating Income (Loss)		405			294			2			701			(6)			695
Other income		70			45			8			123			76			199
Interest charges		160			94			1			255			95			350
Income (Loss) Before Income Taxes		315			245			9			569			(25)			544
Income tax expense (benefit)		47			61			3			111			(12)			99
Income (Loss) From Continuing Operations		268			184			6			458			(13)			445
Other segment items2		(1)			—			41			40			(5)			35
Net Income (Loss) Available to Common Stockholders		$	267		$	184		$	47		$	498		$	(18)		$	480

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of loss attributable to noncontrolling interests and preferred stock dividends.


In Millions
Six Months Ended June 30, 2024	Electric Utility			Gas Utility			Segments Total			Other Reconciling Items			Consolidated
Consumers
Operating revenue		$	2,358		$	1,272		$	3,630		$	—		$	3,630
Operating expenses
Power supply cost1		893			—			893			—			893
Cost of gas sold		—			416			416			—			416
Maintenance and other operating expenses		499			256			755			—			755
Depreciation and amortization		422			194			616			1			617
General taxes		139			112			251			—			251
Total operating expenses		1,953			978			2,931			1			2,932
Operating Income (Loss)		405			294			699			(1)			698
Other income		70			45			115			—			115
Interest charges		160			94			254			1			255
Income (Loss) Before Income Taxes		315			245			560			(2)			558
Income tax expense (benefit)		47			61			108			(3)			105
Net Income		268			184			452			1			453
Other segment items2		(1)			—			(1)			—			(1)
Net Income Available to Common Stockholder		$	267		$	184		$	451		$	1		$	452

1Power supply costs comprise of fuel for electric generation, purchased and interchange power, and purchased power – related parties.

2Other segment items comprise of preferred stock dividends.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details