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Consolidated Statements of Changes in Stockholders' Equity/Member's Equity - USD ($)
$ in Millions
Total
Related Party
Common Stock
Common Stock
Related Party
[2]
Additional Paid-In Capital
Retained Earnings
Retained Earnings
Related Party
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2020     0            
Beginning balance at Dec. 31, 2020 $ 4,228   $ 0   $ 3,333 $ 751   $ (11) $ 155
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net Income 318         307     11
Issuance of common shares (in shares)     1,000 [1] 96,731,000          
Issuance of common shares 0 [1] $ 1 [2]   $ 1          
Dividends (116) $ (501)       (116) $ (501)    
Distributions to noncontrolling interests (16)               (16)
Stock-based compensation (in shares)     2,000            
Stock-based compensation 8       8        
Taxes and other adjustments 98       109 (10)     (1)
Other comprehensive income, net of tax 1             1  
Ending balance (in shares) at Dec. 31, 2021     96,734,000            
Ending balance at Dec. 31, 2021 $ 4,021   $ 1   3,450 431   (10) 149
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Common stock, par value (in dollars per share) $ 0.01                
Net Income $ 382         370     12
Dividends (248)         (248)      
Distributions to noncontrolling interests (14)               (14)
Stock-based compensation (in shares)     78,000            
Stock-based compensation 15       17 (2)      
Taxes and other adjustments 1       2 (1)      
Repurchase of common stock (in shares)     (57,000)            
Repurchase of common stock (3)         (3)      
Other comprehensive income, net of tax $ 0                
Ending balance (in shares) at Dec. 31, 2022 96,754,549   96,755,000            
Ending balance at Dec. 31, 2022 $ 4,154   $ 1   3,469 547   (10) 147
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Common stock, par value (in dollars per share) $ 0.01                
Net Income $ 396         384     12
Dividends (268)         (268)      
Distributions to noncontrolling interests (18)               (18)
Stock-based compensation (in shares)     216,000            
Stock-based compensation 14       16 (2)      
Other comprehensive income, net of tax $ 2             2  
Ending balance (in shares) at Dec. 31, 2023 96,971,021   96,971,000            
Ending balance at Dec. 31, 2023 $ 4,280   $ 1   $ 3,485 $ 661   $ (8) $ 141
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Common stock, par value (in dollars per share) $ 0.01                
[1] Issuance of common shares at $0.01 par value upon conversion to C Corporation from a single member LLC.
[2] Issuance of common shares to DTE Energy in anticipation of the Separation.