v3.26.3
CMS Energy Corporation Consolidated Statements of Changes in Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Other Paid-in Capital
Accumulated Other Comprehensive Loss
Retirement benefits liability
Retained Earnings
Cumulative Redeemable Perpetual Preferred Stock, Series C
Noncontrolling Interests
Noncontrolling Interests
Class B Membership
Noncontrolling Interests
Class A - Tax Equity Membership
Total Equity at Beginning of Period at Dec. 31, 2024 $ 8,748 $ 3 $ 6,009   $ (41) $ 2,035 $ 224 $ 518    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Common stock issued     393              
Common stock repurchased     (13)              
Adjustment for sale of membership interests in VIEs     (34)           $ 78 $ 0
Amortization of net actuarial loss 1       1          
Amortization of prior service credit (1)       (1)          
Net income attributable to CMS Energy 760         782        
Dividends declared on common stock           (487)        
Dividends declared on preferred stock           (7)        
Impact of sale and deconsolidation of VIE               0    
Loss Attributable to Noncontrolling Interests, Including Impairment $(102), $—, $(102), and $— (22)             (22)    
Other changes in noncontrolling interests               (7)    
Total Equity at End of Period at Sep. 30, 2025 $ 9,431 3 6,355 $ (41)   2,323 224 567    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Dividends declared per common share (in dollars per share) $ 1.6275                  
Dividends declared per preferred stock Series C depositary share (in dollars per share) $ 0.7875                  
Total Equity at Beginning of Period at Jun. 30, 2025 $ 8,971 3 5,998   (41) 2,210 224 577    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Common stock issued     358              
Common stock repurchased     (1)              
Adjustment for sale of membership interests in VIEs     0           0 0
Amortization of net actuarial loss 1       1          
Amortization of prior service credit (1)       (1)          
Net income attributable to CMS Energy 272         277        
Dividends declared on common stock           (162)        
Dividends declared on preferred stock           (2)        
Impact of sale and deconsolidation of VIE               0    
Loss Attributable to Noncontrolling Interests, Including Impairment $(102), $—, $(102), and $— (5)             (5)    
Other changes in noncontrolling interests               (5)    
Total Equity at End of Period at Sep. 30, 2025 $ 9,431 3 6,355 (41)   2,323 224 567    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Dividends declared per common share (in dollars per share) $ 0.5425                  
Dividends declared per preferred stock Series C depositary share (in dollars per share) $ 0.2625                  
Total Equity at Beginning of Period at Dec. 31, 2025 $ 9,711 3 6,510   (36) 2,443 224 567    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Common stock issued     550              
Common stock repurchased     (14)              
Adjustment for sale of membership interests in VIEs     0           0 324
Amortization of net actuarial loss 1       1          
Amortization of prior service credit 0       0          
Net income attributable to CMS Energy 282         583        
Dividends declared on common stock           (531)        
Dividends declared on preferred stock           (7)        
Impact of sale and deconsolidation of VIE               (12)    
Loss Attributable to Noncontrolling Interests, Including Impairment $(102), $—, $(102), and $— (301)             (301)    
Other changes in noncontrolling interests               (9)    
Total Equity at End of Period at Sep. 30, 2026 $ 10,295 3 7,046 (35)   2,488 224 569    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Dividends declared per common share (in dollars per share) $ 1.7100                  
Dividends declared per preferred stock Series C depositary share (in dollars per share) $ 0.7875                  
Total Equity at Beginning of Period at Jun. 30, 2026 $ 10,399 3 7,036   (35) 2,546 224 625    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Common stock issued     10              
Common stock repurchased     0              
Adjustment for sale of membership interests in VIEs     0           $ 0 $ 172
Amortization of net actuarial loss 0       0          
Amortization of prior service credit 0       $ 0          
Net income attributable to CMS Energy (91)         123        
Dividends declared on common stock           (179)        
Dividends declared on preferred stock           (2)        
Impact of sale and deconsolidation of VIE               (12)    
Loss Attributable to Noncontrolling Interests, Including Impairment $(102), $—, $(102), and $— (214)             (214)    
Other changes in noncontrolling interests               (2)    
Total Equity at End of Period at Sep. 30, 2026 $ 10,295 $ 3 $ 7,046 $ (35)   $ 2,488 $ 224 $ 569    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Dividends declared per common share (in dollars per share) $ 0.5700                  
Dividends declared per preferred stock Series C depositary share (in dollars per share) $ 0.2625