v3.25.4
Income Taxes (Summary of Principal Components of Deferred Income Tax Assets and Liabilities) (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Deferred income tax assets    
Net regulatory tax liability $ 294 $ 307
Tax loss and credit carryforwards 139 258
Reserves and accruals 16 27
Total deferred income tax assets 449 592
Valuation allowance (2) (1)
Total deferred income tax assets, net of valuation allowance 447 591
Deferred income tax liabilities    
Plant, property, and equipment (2,833) (2,682)
Employee benefits (558) (507)
Gas inventory (24) (38)
Securitized costs (137) (167)
Other (147) (122)
Total deferred income tax liabilities (3,699) (3,516)
Total net deferred income tax liabilities (3,252) (2,925)
Consumers Energy Company    
Deferred income tax assets    
Net regulatory tax liability 294 307
Tax loss and credit carryforwards 18 37
Reserves and accruals 13 24
Total deferred income tax assets, net of valuation allowance 325 368
Deferred income tax liabilities    
Plant, property, and equipment (2,808) (2,658)
Employee benefits (534) (489)
Gas inventory (24) (38)
Securitized costs (137) (167)
Other (23) (69)
Total deferred income tax liabilities (3,526) (3,421)
Total net deferred income tax liabilities $ (3,201) $ (3,053)