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v3.22.4

Segment and Related Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Financial Data of Business Segments | Inter-segment billing for goods and services exchanged between segments is based upon tariffed or market-based prices of the provider. Such billing primarily consists of power sales, sale and transportation of natural gas, and renewable natural gas sales in the segments below, as well as charges from Electric to other segments for use of the shared capital assets of DTE Electric. For the prior periods, inter-segment billing also included the sale of reduced emissions fuel at DTE Vantage.
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
| (In millions)
Electric(a) | $ | 71 |  |  | $ | 64 |  |  | $ | 61 |
Gas | 13 |  |  | 14 |  |  | 16 |
DTE Vantage | 78 |  |  | 575 |  |  | 464 |
Energy Trading | 102 |  |  | 56 |  |  | 31 |
Corporate and Other | — |  |  | 2 |  |  | 2 |
| $ | 264 |  |  | $ | 711 |  |  | $ | 574 |
_______________________________________ (a)Inter-segment billing for the Electric segment includes $6 million, $4 million, and $2 million relating to Non-utility operations for the years ended December 31, 2022, 2021, and 2020, respectively. Financial data of DTE Energy's business segments follows:
| Electric |  | Gas |  | DTE Vantage |  | Energy Trading |  | Corporate and Other |  | Reclassifications and Eliminations |  | Total |  |  |  |
| (In millions)
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating Revenues — Utility operations | $ | 6,397 |  |  | 1,924 |  |  | — |  |  | — |  |  | — |  |  | (78) |  |  | $ | 8,243 |  |  |  |  |
Operating Revenues — Non-utility operations | $ | 15 |  |  | — |  |  | 848 |  |  | 10,308 |  |  | — |  |  | (186) |  |  | $ | 10,985 |  |  |  |  |
Depreciation and amortization | $ | 1,218 |  |  | 192 |  |  | 52 |  |  | 5 |  |  | 1 |  |  | — |  |  | $ | 1,468 |  |  |  |  |
Interest expense | $ | 372 |  |  | 91 |  |  | 15 |  |  | 17 |  |  | 210 |  |  | (30) |  |  | $ | 675 |  |  |  |  |
Interest income | $ | (8) |  |  | (8) |  |  | (28) |  |  | (6) |  |  | (26) |  |  | 30 |  |  | $ | (46) |  |  |  |  |
Equity earnings (losses) of equity method investees | $ | — |  |  | 2 |  |  | — |  |  | — |  |  | (16) |  |  | — |  |  | $ | (14) |  |  |  |  |
Income Tax Expense (Benefit) | $ | 25 |  |  | 88 |  |  | 18 |  |  | (31) |  |  | (71) |  |  | — |  |  | $ | 29 |  |  |  |  |
Net Income (Loss) Attributable to DTE Energy Company | $ | 956 |  |  | 272 |  |  | 92 |  |  | (92) |  |  | (145) |  |  | — |  |  | $ | 1,083 |  |  |  |  |
Investment in equity method investees | $ | 6 |  |  | 15 |  |  | 111 |  |  | — |  |  | 33 |  |  | — |  |  | $ | 165 |  |  |  |  |
Capital expenditures and acquisitions | $ | 2,620 |  |  | 693 |  |  | 62 |  |  | 3 |  |  | — |  |  | — |  |  | $ | 3,378 |  |  |  |  |
Goodwill | $ | 1,208 |  |  | 743 |  |  | 25 |  |  | 17 |  |  | — |  |  | — |  |  | $ | 1,993 |  |  |  |  |
Total Assets | $ | 30,342 |  |  | 7,321 |  |  | 1,077 |  |  | 1,385 |  |  | 4,409 |  |  | (1,851) |  |  | $ | 42,683 |  |  |  |  |
| Electric |  | Gas |  | DTE Vantage |  | Energy Trading |  | Corporate and Other(a) |  | Reclassifications and Eliminations |  | Total from Continuing Operations |  | Discontinued Operations |  | Total
| (In millions)
2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating Revenues — Utility operations | $ | 5,809 |  |  | 1,553 |  |  | — |  |  | — |  |  | — |  |  | (74) |  |  | $ | 7,288 |  |  |  |  |
Operating Revenues — Non-utility operations | $ | 12 |  |  | — |  |  | 1,482 |  |  | 6,831 |  |  | 2 |  |  | (651) |  |  | $ | 7,676 |  |  |  |  |
Depreciation and amortization | $ | 1,122 |  |  | 177 |  |  | 71 |  |  | 6 |  |  | 1 |  |  | — |  |  | $ | 1,377 |  |  |  |  |
Interest expense | $ | 338 |  |  | 81 |  |  | 28 |  |  | 5 |  |  | 270 |  |  | (92) |  |  | $ | 630 |  |  |  |  |
Interest income | $ | — |  |  | (6) |  |  | (23) |  |  | (1) |  |  | (84) |  |  | 92 |  |  | $ | (22) |  |  |  |  |
Equity earnings of equity method investees | $ | — |  |  | 1 |  |  | 8 |  |  | — |  |  | 29 |  |  | — |  |  | $ | 38 |  |  |  |  |
Income Tax Expense (Benefit) | $ | 104 |  |  | 38 |  |  | (31) |  |  | (27) |  |  | (214) |  |  | — |  |  | $ | (130) |  |  |  |  |
Net Income (Loss) Attributable to DTE Energy Company | $ | 864 |  |  | 214 |  |  | 168 |  |  | (83) |  |  | (367) |  |  | — |  |  | $ | 796 |  |  | 111 |  |  | $ | 907 |
Investment in equity method investees | $ | 6 |  |  | 13 |  |  | 118 |  |  | — |  |  | 50 |  |  | — |  |  | $ | 187 |  |  |  |  |
Capital expenditures and acquisitions | $ | 3,016 |  |  | 621 |  |  | 69 |  |  | 6 |  |  | — |  |  | — |  |  | $ | 3,712 |  |  | 60 |  |  | $ | 3,772 |
Goodwill | $ | 1,208 |  |  | 743 |  |  | 25 |  |  | 17 |  |  | — |  |  | — |  |  | $ | 1,993 |  |  |  |  |
Total Assets | $ | 28,524 |  |  | 6,729 |  |  | 983 |  |  | 1,174 |  |  | 4,281 |  |  | (1,972) |  |  | $ | 39,719 |  |  | — |  |  | $ | 39,719 |
_______________________________________ (a)Corporate and Other results include significant one-time items resulting from the separation of DT Midstream, including a loss on debt extinguishment of $376 million following the settlement of intercompany borrowings with DT Midstream and optional redemption of DTE Energy long-term debt. DTE Energy also recognized a tax benefit of $85 million for the remeasurement of state deferred tax liabilities following the separation of DT Midstream.
| Electric |  | Gas |  | DTE Vantage |  | Energy Trading |  | Corporate and Other |  | Reclassifications and Eliminations |  | Total from Continuing Operations |  | Discontinued Operations |  | Total
| (In millions)
2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating Revenues — Utility operations | $ | 5,506 |  |  | 1,414 |  |  | — |  |  | — |  |  | — |  |  | (75) |  |  | $ | 6,845 |  |  |  |  |
Operating Revenues — Non-utility operations | $ | 14 |  |  | — |  |  | 1,224 |  |  | 3,863 |  |  | 2 |  |  | (525) |  |  | $ | 4,578 |  |  |  |  |
Depreciation and amortization | $ | 1,057 |  |  | 157 |  |  | 72 |  |  | 5 |  |  | 1 |  |  | — |  |  | $ | 1,292 |  |  |  |  |
Interest expense | $ | 337 |  |  | 80 |  |  | 37 |  |  | 6 |  |  | 325 |  |  | (184) |  |  | $ | 601 |  |  |  |  |
Interest income | $ | (4) |  |  | (5) |  |  | (22) |  |  | (2) |  |  | (180) |  |  | 184 |  |  | $ | (29) |  |  |  |  |
Equity earnings of equity method investees | $ | — |  |  | 1 |  |  | 17 |  |  | — |  |  | 8 |  |  | — |  |  | $ | 26 |  |  |  |  |
Income Tax Expense (Benefit) | $ | 108 |  |  | 48 |  |  | (40) |  |  | 12 |  |  | (91) |  |  | — |  |  | $ | 37 |  |  |  |  |
Net Income (Loss) Attributable to DTE Energy Company | $ | 777 |  |  | 186 |  |  | 134 |  |  | 36 |  |  | (79) |  |  | — |  |  | $ | 1,054 |  |  | 314 |  |  | $ | 1,368 |
Investment in equity method investees | $ | 6 |  |  | 12 |  |  | 125 |  |  | — |  |  | 34 |  |  | — |  |  | $ | 177 |  |  |  |  |
Capital expenditures and acquisitions | $ | 2,701 |  |  | 574 |  |  | 186 |  |  | 5 |  |  | — |  |  | — |  |  | $ | 3,466 |  |  | 517 |  |  | $ | 3,983 |
Goodwill | $ | 1,208 |  |  | 743 |  |  | 25 |  |  | 17 |  |  | — |  |  | — |  |  | $ | 1,993 |  |  |  |  |
Total Assets | $ | 26,588 |  |  | 6,339 |  |  | 696 |  |  | 807 |  |  | 5,063 |  |  | (2,073) |  |  | $ | 37,420 |  |  | 8,076 |  |  | $ | 45,496 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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