v3.25.4
CMS Energy Corporation Consolidated Statements of Changes in Equity - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Other Paid-in Capital
Retirement benefits liability
Retained Earnings
Cumulative Redeemable Perpetual Preferred Stock, Series C
Noncontrolling Interests
Noncontrolling Interests
Class B Membership
Noncontrolling Interests
Class A - Tax Equity Membership
Beginning of period (in shares) at Dec. 31, 2022   291,268              
Total Equity at Beginning of Period at Dec. 31, 2022 $ 7,595 $ 3 $ 5,490 $ (52) $ 1,350 $ 224 $ 580    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Common stock issued (in shares)   3,355              
Common stock issued     222            
Common stock repurchased (in shares)   (119)              
Common stock repurchased     (7)            
Common stock reacquired (in shares)   (64)              
Common stock reacquired     0            
Sale of membership interests in VIEs     0         $ 0 $ 86
Net gain arising during the period 5     5          
Prior service credit adjustment 0     0          
Amortization of net actuarial loss 2     2          
Amortization of prior service credit (1)     (1)          
Net income (loss) 808       887   (79)    
Dividends declared on common stock         (569)        
Dividends declared on preferred stock         (10)        
Contributions from noncontrolling interests             6    
Distributions to noncontrolling interests             (12)    
End of period (in shares) at Dec. 31, 2023   294,440              
Total Equity at End of Period at Dec. 31, 2023 $ 8,125 $ 3 5,705 (46) 1,658 224 581    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Dividends declared per common share (in dollars per share) $ 1.950                
Dividends declared per preferred stock Series C depositary share (in dollars per share) $ 1.050                
Common stock issued (in shares)   4,673              
Common stock issued     315            
Common stock repurchased (in shares)   (181)              
Common stock repurchased     (11)            
Common stock reacquired (in shares)   (142)              
Common stock reacquired     0            
Sale of membership interests in VIEs     0         0 0
Net gain arising during the period $ 2     2          
Prior service credit adjustment 1     1          
Amortization of net actuarial loss 2     2          
Amortization of prior service credit 0     0          
Net income (loss) $ 947       1,003   (56)    
Dividends declared on common stock         (616)        
Dividends declared on preferred stock         (10)        
Contributions from noncontrolling interests             5    
Distributions to noncontrolling interests             (12)    
End of period (in shares) at Dec. 31, 2024 298,800 298,790              
Total Equity at End of Period at Dec. 31, 2024 $ 8,748 $ 3 6,009 (41) 2,035 224 518    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Dividends declared per common share (in dollars per share) $ 2.060                
Dividends declared per preferred stock Series C depositary share (in dollars per share) $ 1.050                
Common stock issued (in shares)   7,839              
Common stock issued     548            
Common stock repurchased (in shares)   (181)              
Common stock repurchased     (13)            
Common stock reacquired (in shares)   (39)              
Common stock reacquired     0            
Sale of membership interests in VIEs     (34)         $ 78 $ 50
Net gain arising during the period $ 4     4          
Prior service credit adjustment 0     0          
Amortization of net actuarial loss 2     2          
Amortization of prior service credit (1)     (1)          
Net income (loss) $ 1,002       1,071   (69)    
Dividends declared on common stock         (653)        
Dividends declared on preferred stock         (10)        
Contributions from noncontrolling interests             4    
Distributions to noncontrolling interests             (14)    
End of period (in shares) at Dec. 31, 2025 306,400 306,409              
Total Equity at End of Period at Dec. 31, 2025 $ 9,711 $ 3 $ 6,510 $ (36) $ 2,443 $ 224 $ 567    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Dividends declared per common share (in dollars per share) $ 2.170                
Dividends declared per preferred stock Series C depositary share (in dollars per share) $ 1.050