v3.26.3
Cash and Cash Equivalents
 9 Months Ended
Sep. 30, 2026
Cash and Cash Equivalents [Line Items]  
Cash and Cash Equivalents Cash and Cash Equivalents
Presented in the following table are the components of total cash and cash equivalents, including restricted amounts, and their location on CMS Energy’s and Consumers’ consolidated balance sheets:
In Millions
September 30, 2026December 31, 2025
CMS Energy, including Consumers
Cash and cash equivalents$451 $509 
Restricted cash and cash equivalents102 106 
Current assets held for sale26 — 
Cash and cash equivalents, including restricted amounts – CMS Energy$579 $615 
Consumers
Cash and cash equivalents$257 $25 
Restricted cash and cash equivalents68 86 
Cash and cash equivalents, including restricted amounts – Consumers$325 $111 
Cash and Cash Equivalents: Cash and cash equivalents include short-term, highly liquid investments with original maturities of three months or less.
Restricted Cash and Cash Equivalents: Restricted cash and cash equivalents are held primarily for the repayment of securitization bonds and funds held in escrow. These amounts are classified as current assets since they relate to payments that could or will occur within one year.
Current Assets Held for Sale: During the three months ended September 30, 2026, NorthStar Clean Energy committed to plans to sell certain consolidated renewable energy projects. Accordingly, the cash and cash equivalents of the projects to be sold are presented as held for sale on CMS Energy’s consolidated balance sheet at September 30, 2026. For additional information, see Note 14, Exit Activities and Asset Sales.
Consumers Energy Company  
Cash and Cash Equivalents [Line Items]  
Cash and Cash Equivalents Cash and Cash Equivalents
Presented in the following table are the components of total cash and cash equivalents, including restricted amounts, and their location on CMS Energy’s and Consumers’ consolidated balance sheets:
In Millions
September 30, 2026December 31, 2025
CMS Energy, including Consumers
Cash and cash equivalents$451 $509 
Restricted cash and cash equivalents102 106 
Current assets held for sale26 — 
Cash and cash equivalents, including restricted amounts – CMS Energy$579 $615 
Consumers
Cash and cash equivalents$257 $25 
Restricted cash and cash equivalents68 86 
Cash and cash equivalents, including restricted amounts – Consumers$325 $111 
Cash and Cash Equivalents: Cash and cash equivalents include short-term, highly liquid investments with original maturities of three months or less.
Restricted Cash and Cash Equivalents: Restricted cash and cash equivalents are held primarily for the repayment of securitization bonds and funds held in escrow. These amounts are classified as current assets since they relate to payments that could or will occur within one year.
Current Assets Held for Sale: During the three months ended September 30, 2026, NorthStar Clean Energy committed to plans to sell certain consolidated renewable energy projects. Accordingly, the cash and cash equivalents of the projects to be sold are presented as held for sale on CMS Energy’s consolidated balance sheet at September 30, 2026. For additional information, see Note 14, Exit Activities and Asset Sales.