v3.25.4

Reportable Segments (Schedule of Financial Information by Reportable Segments, Consumers) (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Segment Reporting Information [Line Items] |  |  |
Operating Revenue | $ 8,539 | $ 7,515 | $ 7,462
Power supply cost | 2,457 | 2,028 | 2,011
Operating Income | 1,727 | 1,487 | 1,235
Total other income | 310 | 344 | 362
Total interest charges | 789 | 708 | 643
Income (Loss) Before Income Taxes | 1,248 | 1,123 | 954
Income Tax Expense | 246 | 176 | 147
Net Income | 1,071 | 1,003 | 887
Other segment items | 59 | 46 | 70
Net Income (Loss) Available to Common Stockholders | 1,061 | 993 | 877
Total assets | 39,941 | 35,920 |
Capital expenditures | 3,970 | 3,301 |
Consumers Energy Company |  |  |
Segment Reporting Information [Line Items] |  |  |
Operating Revenue | 8,132 | 7,200 | 7,166
Power supply cost | 2,193 | 1,867 | 1,841
Cost of gas sold | 803 | 637 | 897
Maintenance and other operating expenses | 1,614 | 1,520 | 1,586
Depreciation and amortization | 1,254 | 1,191 | 1,137
General taxes | 499 | 470 | 437
Total operating expenses | 6,363 | 5,685 | 5,898
Operating Income | 1,769 | 1,515 | 1,268
Total other income | 208 | 212 | 208
Total interest charges | 560 | 518 | 448
Income (Loss) Before Income Taxes | 1,417 | 1,209 | 1,028
Income Tax Expense | 288 | 200 | 161
Net Income | 1,129 | 1,009 | 867
Other segment items | (2) | (2) | (2)
Net Income (Loss) Available to Common Stockholders | 1,127 | 1,007 | 865
Property, plant, and equipment, gross | 36,120 | 33,434 |
Total assets | 37,091 | 34,088 |
Capital expenditures | 3,472 | 3,012 |
Operating Segments |  |  |
Segment Reporting Information [Line Items] |  |  |
Operating Revenue | 8,539 | 7,515 | 7,462
Power supply cost | 2,457 | 2,028 | 2,011
Operating Income | 1,742 | 1,506 | 1,251
Total other income | 224 | 226 | 220
Total interest charges | 552 | 520 | 448
Income (Loss) Before Income Taxes | 1,414 | 1,212 | 1,023
Income Tax Expense | 284 | 196 | 169
Other segment items | 69 | 56 | 78
Net Income (Loss) Available to Common Stockholders | 1,199 | 1,072 | 932
Total assets | 39,444 | 35,850 |
Capital expenditures | 3,970 | 3,300 |
Operating Segments | Consumers Energy Company |  |  |
Segment Reporting Information [Line Items] |  |  |
Operating Revenue | 8,131 | 7,199 | 7,165
Power supply cost | 2,193 | 1,867 | 1,841
Cost of gas sold | 803 | 637 | 897
Maintenance and other operating expenses | 1,614 | 1,520 | 1,586
Depreciation and amortization | 1,253 | 1,190 | 1,135
General taxes | 498 | 469 | 436
Total operating expenses | 6,361 | 5,683 | 5,895
Operating Income | 1,770 | 1,516 | 1,270
Total other income | 207 | 212 | 208
Total interest charges | 559 | 516 | 446
Income (Loss) Before Income Taxes | 1,418 | 1,212 | 1,032
Income Tax Expense | 288 | 201 | 165
Net Income | 1,130 | 1,011 | 867
Other segment items | (2) | (2) | (2)
Net Income (Loss) Available to Common Stockholders | 1,128 | 1,009 | 865
Property, plant, and equipment, gross | 36,089 | 33,405 |
Total assets | 37,043 | 34,056 |
Capital expenditures | 3,472 | 3,012 |
Operating Segments | Electric Utility |  |  |
Segment Reporting Information [Line Items] |  |  |
Operating Revenue | 5,638 | 5,061 | 4,745
Power supply cost | 2,193 | 1,867 | 1,841
Operating Income | 1,099 | 982 | 772
Total other income | 124 | 126 | 131
Total interest charges | 353 | 324 | 285
Income (Loss) Before Income Taxes | 870 | 784 | 618
Income Tax Expense | 150 | 102 | 67
Other segment items | (1) | (1) | (1)
Net Income (Loss) Available to Common Stockholders | 719 | 681 | 550
Total assets | 22,760 | 20,710 |
Capital expenditures | 2,408 | 1,871 |
Operating Segments | Electric Utility | Consumers Energy Company |  |  |
Segment Reporting Information [Line Items] |  |  |
Operating Revenue | 5,638 | 5,061 | 4,745
Power supply cost | 2,193 | 1,867 | 1,841
Cost of gas sold | 0 | 0 | 0
Maintenance and other operating expenses | 1,146 | 1,066 | 1,075
Depreciation and amortization | 903 | 865 | 797
General taxes | 297 | 281 | 260
Total operating expenses | 4,539 | 4,079 | 3,973
Operating Income | 1,099 | 982 | 772
Total other income | 124 | 126 | 131
Total interest charges | 353 | 324 | 285
Income (Loss) Before Income Taxes | 870 | 784 | 618
Income Tax Expense | 150 | 102 | 67
Net Income | 720 | 682 | 551
Other segment items | (1) | (1) | (1)
Net Income (Loss) Available to Common Stockholders | 719 | 681 | 550
Property, plant, and equipment, gross | 21,871 | 20,137 |
Total assets | 22,814 | 20,767 |
Capital expenditures | 2,408 | 1,871 |
Operating Segments | Gas Utility |  |  |
Segment Reporting Information [Line Items] |  |  |
Operating Revenue | 2,493 | 2,138 | 2,420
Power supply cost | 0 | 0 | 0
Operating Income | 671 | 534 | 498
Total other income | 83 | 86 | 77
Total interest charges | 206 | 192 | 161
Income (Loss) Before Income Taxes | 548 | 428 | 414
Income Tax Expense | 138 | 99 | 98
Other segment items | (1) | (1) | (1)
Net Income (Loss) Available to Common Stockholders | 409 | 328 | 315
Total assets | 14,188 | 13,247 |
Capital expenditures | 1,064 | 1,141 |
Operating Segments | Gas Utility | Consumers Energy Company |  |  |
Segment Reporting Information [Line Items] |  |  |
Operating Revenue | 2,493 | 2,138 | 2,420
Power supply cost | 0 | 0 | 0
Cost of gas sold | 803 | 637 | 897
Maintenance and other operating expenses | 468 | 454 | 511
Depreciation and amortization | 350 | 325 | 338
General taxes | 201 | 188 | 176
Total operating expenses | 1,822 | 1,604 | 1,922
Operating Income | 671 | 534 | 498
Total other income | 83 | 86 | 77
Total interest charges | 206 | 192 | 161
Income (Loss) Before Income Taxes | 548 | 428 | 414
Income Tax Expense | 138 | 99 | 98
Net Income | 410 | 329 | 316
Other segment items | (1) | (1) | (1)
Net Income (Loss) Available to Common Stockholders | 409 | 328 | 315
Property, plant, and equipment, gross | 14,218 | 13,268 |
Total assets | 14,229 | 13,289 |
Capital expenditures | 1,064 | 1,141 |
Other Reconciling Items |  |  |
Segment Reporting Information [Line Items] |  |  |
Operating Revenue | 0 | 0 | 0
Power supply cost | 0 | 0 | 0
Operating Income | (15) | (19) | (16)
Total other income | 86 | 118 | 142
Total interest charges | 237 | 188 | 195
Income (Loss) Before Income Taxes | (166) | (89) | (69)
Income Tax Expense | (38) | (20) | (22)
Other segment items | (10) | (10) | (8)
Net Income (Loss) Available to Common Stockholders | (138) | (79) | (55)
Total assets | 497 | 70 |
Capital expenditures | 0 | 1 |
Other Reconciling Items | Consumers Energy Company |  |  |
Segment Reporting Information [Line Items] |  |  |
Operating Revenue | 1 | 1 | 1
Power supply cost | 0 | 0 | 0
Cost of gas sold | 0 | 0 | 0
Maintenance and other operating expenses | 0 | 0 | 0
Depreciation and amortization | 1 | 1 | 2
General taxes | 1 | 1 | 1
Total operating expenses | 2 | 2 | 3
Operating Income | (1) | (1) | (2)
Total other income | 1 | 0 | 0
Total interest charges | 1 | 2 | 2
Income (Loss) Before Income Taxes | (1) | (3) | (4)
Income Tax Expense | 0 | (1) | (4)
Net Income | (1) | (2) | 0
Other segment items | 0 | 0 | 0
Net Income (Loss) Available to Common Stockholders | (1) | (2) | $ 0
Property, plant, and equipment, gross | 31 | 29 |
Total assets | 48 | 32 |
Capital expenditures | $ 0 | $ 0 |

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