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v3.24.0.1

Segment and Related Information (Tables) | 12 Months Ended
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Dec. 31, 2023
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 2021, inter-segment billing also included the sale of reduced emissions fuel at DTE Vantage.
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (In millions)
Electric(a) | $ | 72 |  |  | $ | 71 |  |  | $ | 64 |
Gas | 17 |  |  | 13 |  |  | 14 |
DTE Vantage | 68 |  |  | 78 |  |  | 575 |
Energy Trading | 85 |  |  | 102 |  |  | 56 |
Corporate and Other | — |  |  | — |  |  | 2 |
| $ | 242 |  |  | $ | 264 |  |  | $ | 711 |
_______________________________________ (a)Inter-segment billing for the Electric segment includes $3 million, $6 million, and $4 million relating to Non-utility operations for the years ended December 31, 2023, 2022, and 2021, 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)
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Operating Revenues — Utility operations | $ | 5,804 |  |  | 1,748 |  |  | — |  |  | — |  |  | — |  |  | (86) |  |  | $ | 7,466 |  |  |  |  |
Operating Revenues — Non-utility operations | $ | 14 |  |  | — |  |  | 809 |  |  | 4,612 |  |  | — |  |  | (156) |  |  | $ | 5,279 |  |  |  |  |
Depreciation and amortization | $ | 1,340 |  |  | 209 |  |  | 53 |  |  | 4 |  |  | — |  |  | — |  |  | $ | 1,606 |  |  |  |  |
Interest expense | $ | 432 |  |  | 102 |  |  | 15 |  |  | 18 |  |  | 270 |  |  | (46) |  |  | $ | 791 |  |  |  |  |
Interest income | $ | (20) |  |  | (9) |  |  | (32) |  |  | (9) |  |  | (33) |  |  | 46 |  |  | $ | (57) |  |  |  |  |
Equity earnings (losses) of equity method investees | $ | — |  |  | 1 |  |  | 7 |  |  | — |  |  | (5) |  |  | — |  |  | $ | 3 |  |  |  |  |
Income Tax Expense (Benefit) | $ | 78 |  |  | 93 |  |  | (22) |  |  | 112 |  |  | (92) |  |  | — |  |  | $ | 169 |  |  |  |  |
Net Income (Loss) Attributable to DTE Energy Company | $ | 772 |  |  | 294 |  |  | 153 |  |  | 336 |  |  | (158) |  |  | — |  |  | $ | 1,397 |  |  |  |  |
Investment in equity method investees | $ | 5 |  |  | 16 |  |  | 118 |  |  | — |  |  | 27 |  |  | — |  |  | $ | 166 |  |  |  |  |
Capital expenditures and acquisitions | $ | 3,128 |  |  | 746 |  |  | 57 |  |  | 3 |  |  | — |  |  | — |  |  | $ | 3,934 |  |  |  |  |
Goodwill | $ | 1,208 |  |  | 743 |  |  | 25 |  |  | 17 |  |  | — |  |  | — |  |  | $ | 1,993 |  |  |  |  |
Total Assets | $ | 32,292 |  |  | 7,722 |  |  | 1,122 |  |  | 1,166 |  |  | 4,150 |  |  | (1,697) |  |  | $ | 44,755 |  |  |  |  |
| 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 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.

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