XML 73 R51.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate Reconciliation | The Registrants' total Income Tax Expense varied from the statutory federal income tax rate for the following reasons:
| 2023 |  | 2022 |  | 2021
DTE Energy | (In millions)
Income Before Income Taxes | $ | 1,566 |  |  | $ | 1,112 |  |  | $ | 656 |
Income tax expense at 21% statutory rate | $ | 329 |  |  | $ | 234 |  |  | $ | 138 |
Production tax credits | (91) |  |  | (91) |  |  | (138) |
TCJA regulatory liability amortization | (63) |  |  | (155) |  |  | (103) |
Investment tax credits | (44) |  |  | (1) |  |  | (3) |
Enactment of state income tax legislation, net of federal benefit | (1) |  |  | — |  |  | 8 |
State deferred tax remeasurement due to separation of DT Midstream, net of federal benefit | — |  |  | — |  |  | (85) |
Valuation allowance on charitable contribution carryforwards | — |  |  | 9 |  |  | 18 |
State and local income taxes, excluding items above, net of federal benefit | 59 |  |  | 42 |  |  | 30 |
Other, net | (20) |  |  | (9) |  |  | 5 |
Income Tax Expense (Benefit) | $ | 169 |  |  | $ | 29 |  |  | $ | (130) |
Effective income tax rate | 10.8 | % |  | 2.6 | % |  | (19.9) | %
| 2023 |  | 2022 |  | 2021
DTE Electric | (In millions)
Income Before Income Taxes | $ | 850 |  |  | $ | 981 |  |  | $ | 970 |
Income tax expense at 21% statutory rate | $ | 179 |  |  | $ | 206 |  |  | $ | 204 |
Production tax credits | (79) |  |  | (83) |  |  | (70) |
TCJA regulatory liability amortization | (53) |  |  | (145) |  |  | (73) |
State and local income taxes, excluding items above, net of federal benefit | 45 |  |  | 56 |  |  | 54 |
Other, net | (14) |  |  | (8) |  |  | (11) |
Income Tax Expense | $ | 78 |  |  | $ | 26 |  |  | $ | 104 |
Effective income tax rate | 9.2 | % |  | 2.7 | % |  | 10.7 | %
Schedule of Components of Income Tax Expense (Benefit) | Components of the Registrants' Income Tax Expense were as follows:
| 2023 |  | 2022 |  | 2021
DTE Energy | (In millions)
Current income tax benefit |  |  |  |  |
Federal | $ | (10) |  |  | $ | (13) |  |  | $ | (33) |
State and other income tax | (2) |  |  | (2) |  |  | (12) |
Total current income taxes | (12) |  |  | (15) |  |  | (45) |
Deferred income tax expense (benefit) |  |  |  |  |
Federal | 103 |  |  | (13) |  |  | (42) |
State and other income tax | 78 |  |  | 57 |  |  | (43) |
Total deferred income taxes | 181 |  |  | 44 |  |  | (85) |
| $ | 169 |  |  | $ | 29 |  |  | $ | (130) |
| 2023 |  | 2022 |  | 2021
DTE Electric | (In millions)
Current income tax expense (benefit) |  |  |  |  |
Federal | $ | 1 |  |  | $ | 1 |  |  | $ | (11) |
State and other income tax | (5) |  |  | — |  |  | (7) |
Total current income taxes | (4) |  |  | 1 |  |  | (18) |
Deferred income tax expense (benefit) |  |  |  |  |
Federal | 19 |  |  | (46) |  |  | 47 |
State and other income tax | 63 |  |  | 71 |  |  | 75 |
Total deferred income taxes | 82 |  |  | 25 |  |  | 122 |
| $ | 78 |  |  | $ | 26 |  |  | $ | 104 |
Schedule of Deferred Tax Assets and Liabilities | The Registrants' deferred tax assets (liabilities) were comprised of the following at December 31:
| DTE Energy |  | DTE Electric
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In millions)
Property, plant, and equipment | $ | (3,423) |  |  | $ | (3,897) |  |  | $ | (2,693) |  |  | $ | (3,188) |
Regulatory assets and liabilities | (1,158) |  |  | (493) |  |  | (1,314) |  |  | (589) |
Tax credit carryforwards | 1,519 |  |  | 1,378 |  |  | 572 |  |  | 487 |
Pension and benefits | 77 |  |  | 111 |  |  | 69 |  |  | 103 |
Federal net operating loss carryforward | 202 |  |  | 266 |  |  | 71 |  |  | 58 |
State and local net operating loss carryforwards | 76 |  |  | 97 |  |  | 49 |  |  | 38 |
Investments in equity method investees | (33) |  |  | 65 |  |  | — |  |  | — |
Other | 130 |  |  | 137 |  |  | 137 |  |  | 145 |
| (2,610) |  |  | (2,336) |  |  | (3,109) |  |  | (2,946) |
Less: Valuation allowance | (39) |  |  | (58) |  |  | — |  |  | — |
Long-term deferred income tax liabilities | $ | (2,649) |  |  | $ | (2,394) |  |  | $ | (3,109) |  |  | $ | (2,946) |
Deferred income tax assets | $ | 2,415 |  |  | $ | 2,317 |  |  | $ | 1,202 |  |  | $ | 1,081 |
Deferred income tax liabilities | (5,064) |  |  | (4,711) |  |  | (4,311) |  |  | (4,027) |
| $ | (2,649) |  |  | $ | (2,394) |  |  | $ | (3,109) |  |  | $ | (2,946) |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits for the Registrants is as follows:
| 2023 |  | 2022 |  | 2021
DTE Energy | (In millions)
Balance at January 1 | $ | 13 |  |  | $ | 10 |  |  | $ | 10 |
Additions for tax positions of prior years | 2 |  |  | 5 |  |  | — |
Reductions for tax positions of prior years | (5) |  |  | (2) |  |  | — |
Settlements | (10) |  |  | — |  |  | — |
Balance at December 31 | $ | — |  |  | $ | 13 |  |  | $ | 10 |
| 2023 |  | 2022 |  | 2021
DTE Electric | (In millions)
Balance at January 1 | $ | 13 |  |  | $ | 13 |  |  | $ | 13 |
Settlements | (13) |  |  | — |  |  | — |
Balance at December 31 | $ | — |  |  | $ | 13 |  |  | $ | 13 |

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

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 9 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 12 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration