XML 55 R38.htm IDEA: XBRL DOCUMENT
v3.23.2

Financial and Other Derivative Instruments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Fair Value of Derivative Instruments | The following table presents the fair value of derivative instruments for DTE Energy:
| June 30, 2023 |  | December 31, 2022
| Derivative Assets |  | Derivative Liabilities |  | Derivative Assets |  | Derivative Liabilities
| (In millions)
Derivatives designated as hedging instruments |  |  |  |  |  |  |
Interest rate contracts | $ | 4 |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |
Foreign currency exchange contracts | — |  |  | (2) |  |  | — |  |  | (2) |
Total derivatives designated as hedging instruments | $ | 4 |  |  | $ | (2) |  |  | $ | 1 |  |  | $ | (2) |
Derivatives not designated as hedging instruments |  |  |  |  |  |  |
Commodity contracts |  |  |  |  |  |  |
Natural gas | $ | 501 |  |  | $ | (583) |  |  | $ | 744 |  |  | $ | (1,018) |
Electricity | 497 |  |  | (487) |  |  | 963 |  |  | (935) |
Environmental & Other | 354 |  |  | (357) |  |  | 213 |  |  | (214) |
Foreign currency exchange contracts | — |  |  | — |  |  | 1 |  |  | — |
Total derivatives not designated as hedging instruments | $ | 1,352 |  |  | $ | (1,427) |  |  | $ | 1,921 |  |  | $ | (2,167) |
Current | $ | 955 |  |  | $ | (918) |  |  | $ | 1,517 |  |  | $ | (1,535) |
Noncurrent | 401 |  |  | (511) |  |  | 405 |  |  | (634) |
Total derivatives | $ | 1,356 |  |  | $ | (1,429) |  |  | $ | 1,922 |  |  | $ | (2,169) |
Offsetting Assets | The following table presents net cash collateral offsetting arrangements for DTE Energy:
| June 30, 2023 |  | December 31, 2022
| (In millions)
Cash collateral netted against Derivative assets | $ | — |  |  | $ | (90) |
Cash collateral netted against Derivative liabilities | 66 |  |  | 113 |
Cash collateral recorded in Accounts receivable(a) | 53 |  |  | 77 |
Cash collateral recorded in Accounts payable(a) | (3) |  |  | (27) |
Total net cash collateral posted (received) | $ | 116 |  |  | $ | 73 |
_______________________________________ (a)Amounts are recorded net by counterparty. The following table presents the netting offsets of Derivative assets and liabilities for DTE Energy:
| June 30, 2023 |  | December 31, 2022
| Gross Amounts of Recognized Assets (Liabilities) |  | Gross Amounts Offset in the Consolidated Statements of Financial Position |  | Net Amounts of Assets (Liabilities) Presented in the Consolidated Statements of Financial Position |  | Gross Amounts of Recognized Assets (Liabilities) |  | Gross Amounts Offset in the Consolidated Statements of Financial Position |  | Net Amounts of Assets (Liabilities) Presented in the Consolidated Statements of Financial Position
| (In millions)
Derivative assets |  |  |  |  |  |  |  |  |  |  |
Commodity contracts(a) |  |  |  |  |  |  |  |  |  |  |
Natural gas | $ | 501 |  |  | $ | (335) |  |  | $ | 166 |  |  | $ | 744 |  |  | $ | (649) |  |  | $ | 95 |
Electricity | 497 |  |  | (311) |  |  | 186 |  |  | 963 |  |  | (643) |  |  | 320 |
Environmental & Other | 354 |  |  | (340) |  |  | 14 |  |  | 213 |  |  | (196) |  |  | 17 |
Interest rate contracts | 4 |  |  | — |  |  | 4 |  |  | 1 |  |  | — |  |  | 1 |
Foreign currency exchange contracts | — |  |  | — |  |  | — |  |  | 1 |  |  | (1) |  |  | — |
Total derivative assets | $ | 1,356 |  |  | $ | (986) |  |  | $ | 370 |  |  | $ | 1,922 |  |  | $ | (1,489) |  |  | $ | 433 |
Derivative liabilities |  |  |  |  |  |  |  |  |  |  |
Commodity contracts(a) |  |  |  |  |  |  |  |  |  |  |
Natural gas | $ | (583) |  |  | $ | 350 |  |  | $ | (233) |  |  | $ | (1,018) |  |  | $ | 645 |  |  | $ | (373) |
Electricity | (487) |  |  | 352 |  |  | (135) |  |  | (935) |  |  | 665 |  |  | (270) |
Environmental & Other | (357) |  |  | 350 |  |  | (7) |  |  | (214) |  |  | 201 |  |  | (13) |
Foreign currency exchange contracts | (2) |  |  | — |  |  | (2) |  |  | (2) |  |  | 1 |  |  | (1) |
Total derivative liabilities | $ | (1,429) |  |  | $ | 1,052 |  |  | $ | (377) |  |  | $ | (2,169) |  |  | $ | 1,512 |  |  | $ | (657) |
_______________________________________ (a)For contracts with a clearing agent, DTE Energy nets all activity across commodities. This can result in some individual commodities having a contra balance.
Offsetting Liabilities | The following table presents net cash collateral offsetting arrangements for DTE Energy:
| June 30, 2023 |  | December 31, 2022
| (In millions)
Cash collateral netted against Derivative assets | $ | — |  |  | $ | (90) |
Cash collateral netted against Derivative liabilities | 66 |  |  | 113 |
Cash collateral recorded in Accounts receivable(a) | 53 |  |  | 77 |
Cash collateral recorded in Accounts payable(a) | (3) |  |  | (27) |
Total net cash collateral posted (received) | $ | 116 |  |  | $ | 73 |
_______________________________________ (a)Amounts are recorded net by counterparty. The following table presents the netting offsets of Derivative assets and liabilities for DTE Energy:
| June 30, 2023 |  | December 31, 2022
| Gross Amounts of Recognized Assets (Liabilities) |  | Gross Amounts Offset in the Consolidated Statements of Financial Position |  | Net Amounts of Assets (Liabilities) Presented in the Consolidated Statements of Financial Position |  | Gross Amounts of Recognized Assets (Liabilities) |  | Gross Amounts Offset in the Consolidated Statements of Financial Position |  | Net Amounts of Assets (Liabilities) Presented in the Consolidated Statements of Financial Position
| (In millions)
Derivative assets |  |  |  |  |  |  |  |  |  |  |
Commodity contracts(a) |  |  |  |  |  |  |  |  |  |  |
Natural gas | $ | 501 |  |  | $ | (335) |  |  | $ | 166 |  |  | $ | 744 |  |  | $ | (649) |  |  | $ | 95 |
Electricity | 497 |  |  | (311) |  |  | 186 |  |  | 963 |  |  | (643) |  |  | 320 |
Environmental & Other | 354 |  |  | (340) |  |  | 14 |  |  | 213 |  |  | (196) |  |  | 17 |
Interest rate contracts | 4 |  |  | — |  |  | 4 |  |  | 1 |  |  | — |  |  | 1 |
Foreign currency exchange contracts | — |  |  | — |  |  | — |  |  | 1 |  |  | (1) |  |  | — |
Total derivative assets | $ | 1,356 |  |  | $ | (986) |  |  | $ | 370 |  |  | $ | 1,922 |  |  | $ | (1,489) |  |  | $ | 433 |
Derivative liabilities |  |  |  |  |  |  |  |  |  |  |
Commodity contracts(a) |  |  |  |  |  |  |  |  |  |  |
Natural gas | $ | (583) |  |  | $ | 350 |  |  | $ | (233) |  |  | $ | (1,018) |  |  | $ | 645 |  |  | $ | (373) |
Electricity | (487) |  |  | 352 |  |  | (135) |  |  | (935) |  |  | 665 |  |  | (270) |
Environmental & Other | (357) |  |  | 350 |  |  | (7) |  |  | (214) |  |  | 201 |  |  | (13) |
Foreign currency exchange contracts | (2) |  |  | — |  |  | (2) |  |  | (2) |  |  | 1 |  |  | (1) |
Total derivative liabilities | $ | (1,429) |  |  | $ | 1,052 |  |  | $ | (377) |  |  | $ | (2,169) |  |  | $ | 1,512 |  |  | $ | (657) |
_______________________________________ (a)For contracts with a clearing agent, DTE Energy nets all activity across commodities. This can result in some individual commodities having a contra balance.
Netting Offsets of Derivative Assets and Liabilities Reconciliation to the Statements of Financial Position | The following table presents the netting offsets of Derivative assets and liabilities showing the reconciliation of derivative instruments to DTE Energy's Consolidated Statements of Financial Position:
| June 30, 2023 |  | December 31, 2022
| Derivative Assets |  | Derivative Liabilities |  | Derivative Assets |  | Derivative Liabilities
| Current |  | Noncurrent |  | Current |  | Noncurrent |  | Current |  | Noncurrent |  | Current |  | Noncurrent
| (In millions)
Total fair value of derivatives | $ | 955 |  |  | $ | 401 |  |  | $ | (918) |  |  | $ | (511) |  |  | $ | 1,517 |  |  | $ | 405 |  |  | $ | (1,535) |  |  | $ | (634) |
Counterparty netting | (697) |  |  | (289) |  |  | 697 |  |  | 289 |  |  | (1,127) |  |  | (272) |  |  | 1,127 |  |  | 272 |
Collateral adjustment | — |  |  | — |  |  | 35 |  |  | 31 |  |  | (62) |  |  | (28) |  |  | 66 |  |  | 47 |
Total derivatives as reported | $ | 258 |  |  | $ | 112 |  |  | $ | (186) |  |  | $ | (191) |  |  | $ | 328 |  |  | $ | 105 |  |  | $ | (342) |  |  | $ | (315) |
Gain (Loss) Recognized in Income on Derivatives | The effect of derivatives not designated as hedging instruments on DTE Energy's Consolidated Statements of Operations is as follows:
|  | Location of Gain (Loss) Recognized in Income on Derivatives |  | Gain (Loss) Recognized in Income on Derivatives for the Three Months Ended June 30, |  | Gain (Loss) Recognized in Income on Derivatives for the Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
|  |  |  | (In millions)
Commodity contracts |  |  |  |  |  |  |  |
Natural gas |  | Operating Revenues — Non-utility operations |  | $ | 59 |  |  | $ | (32) |  |  | $ | 130 |  |  | $ | (263) |
Natural gas |  | Fuel, purchased power, gas, and other — non-utility |  | (65) |  |  | (165) |  |  | 83 |  |  | (100) |
Electricity |  | Operating Revenues — Non-utility operations |  | 60 |  |  | 110 |  |  | (55) |  |  | 112 |
Environmental & Other |  | Operating Revenues — Non-utility operations |  | — |  |  | 22 |  |  | (1) |  |  | 18 |
Foreign currency exchange contracts |  | Operating Revenues — Non-utility operations |  | (1) |  |  | 2 |  |  | (1) |  |  | — |
Total |  |  |  | $ | 53 |  |  | $ | (63) |  |  | $ | 156 |  |  | $ | (233) |
Volume of Commodity Contracts | The following represents the cumulative gross volume of DTE Energy's derivative contracts outstanding as of June 30, 2023:
Commodity |  | Number of Units
Natural gas (MMBtu) |  | 2,121,182,323 |
Electricity (MWh) |  | 45,914,461 |
Oil (Gallons) |  | 5,688,000 |
Foreign currency exchange ($ CAD) |  | 159,105,250 |
FTR (MWh) |  | 140,020 |
Renewable Energy Certificates (MWh) |  | 11,341,187 |
Carbon emissions (Metric Tons) |  | 1,413,896 |
Interest rate contracts ($ USD) |  | 500,000,000 |

X
- Definition Netting Offsets of Derivative Assets and Liabilities Reconciliation to the Statements of Financial Position [Table Text Block] + References No definition available. + Details
Name: | dte_NettingOffsetsOfDerivativeAssetsAndLiabilitiesReconciliationToStatementsOfFinancialPositionTableTextBlock
Namespace Prefix: | dte_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Volume of Commodity Contracts [Table Text Block] + References No definition available. + Details
Name: | dte_VolumeOfCommodityContractsTableTextBlock
Namespace Prefix: | dte_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483466/210-20-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483466/210-20-50-3 + Details
Name: | us-gaap_OffsettingAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483466/210-20-50-4 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483466/210-20-50-3 + Details
Name: | us-gaap_OffsettingLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration