XML 49 R27.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Earnings Per Share | 12 Months Ended
--- | ---
Dec. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE Basic earnings per share is calculated by dividing net income, adjusted for income allocated to participating securities, by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflect the dilution that would occur if any potentially dilutive instruments were exercised or converted into common shares. DTE Energy's participating securities are restricted shares under the stock incentive program that contain rights to receive non-forfeitable dividends. Equity units and performance shares do not receive cash dividends; as such, these awards are not considered participating securities. For additional information regarding performance shares, see Note 21 to the Consolidated Financial Statements, "Stock-Based Compensation." The following is a reconciliation of DTE Energy's basic and diluted income per share calculation for the years ended December 31:
| 2023 |  | 2022 |  | 2021
| (In millions, except per share amounts)
Basic Earnings per Share |  |  |  |  |
Net Income Attributable to DTE Energy Company — continuing operations | $ | 1,397 |  |  | $ | 1,083 |  |  | $ | 796 |
Less: Allocation of earnings to net restricted stock awards | 3 |  |  | 3 |  |  | 2 |
| $ | 1,394 |  |  | $ | 1,080 |  |  | $ | 794 |
Net Income Attributable to DTE Energy Company — discontinued operations | — |  |  | — |  |  | 111 |
Net income available to common shareholders — basic | $ | 1,394 |  |  | $ | 1,080 |  |  | $ | 905 |
Average number of common shares outstanding — basic | 206 |  |  | 195 |  |  | 193 |
Income from continuing operations | $ | 6.77 |  |  | $ | 5.53 |  |  | $ | 4.11 |
Income from discontinued operations | — |  |  | — |  |  | 0.57 |
Basic Earnings per Common Share | $ | 6.77 |  |  | $ | 5.53 |  |  | $ | 4.68 |
Diluted Earnings per Share |  |  |  |  |
Net Income Attributable to DTE Energy Company — continuing operations | $ | 1,397 |  |  | $ | 1,083 |  |  | $ | 796 |
Less: Allocation of earnings to net restricted stock awards | 3 |  |  | 3 |  |  | 2 |
| $ | 1,394 |  |  | $ | 1,080 |  |  | $ | 794 |
Net Income Attributable to DTE Energy Company — discontinued operations | — |  |  | — |  |  | 111 |
Net income available to common shareholders — diluted | $ | 1,394 |  |  | $ | 1,080 |  |  | $ | 905 |
Average number of common shares outstanding — basic | 206 |  |  | 195 |  |  | 193 |
Average performance share awards | — |  |  | 1 |  |  | 1 |
Average number of common shares outstanding — diluted | 206 |  |  | 196 |  |  | 194 |
Income from continuing operations | $ | 6.76 |  |  | $ | 5.52 |  |  | $ | 4.10 |
Income from discontinued operations | — |  |  | — |  |  | 0.57 |
Diluted Earnings per Common Share(a) | $ | 6.76 |  |  | $ | 5.52 |  |  | $ | 4.67 |
_______________________________________ (a)Equity units excluded from the calculation of diluted EPS were approximately 11.5 million for the year ended December 31, 2021, as the dilutive stock price threshold was not met. These equity units were settled in November 2022 resulting in the issuance of common stock.

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

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration