Financial Instruments (Tables)
| 9 Months Ended |
|---|
Sep. 30, 2011 |
|---|
| Schedule of Cost/Carrying Amounts and Fair Values of Long-Term Financial Instruments |
| In Millions |
| |
|
September 30, 2011 |
|
|
December 31, 2010 |
| |
|
Cost or |
|
|
|
|
|
|
Cost or |
|
|
|
|
| |
|
Carrying |
|
|
|
|
|
|
Carrying |
|
|
|
|
| |
|
Amount |
|
|
Fair Value |
|
|
Amount |
|
|
Fair Value |
|
| |
|
CMS Energy, including Consumers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities held to maturity |
|
$ |
7 |
|
|
$ |
8 |
|
|
$ |
5 |
|
|
$ |
6 |
|
|
Securities available for sale |
|
|
113 |
|
|
|
113 |
|
|
|
90 |
|
|
|
90 |
|
|
Notes receivable1 |
|
|
439 |
|
|
|
459 |
|
|
|
386 |
|
|
|
407 |
|
|
Long-term debt2 |
|
|
7,153 |
|
|
|
8,093 |
|
|
|
7,174 |
|
|
|
7,861 |
|
| |
|
Consumers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities available for sale |
|
$ |
81 |
|
|
$ |
105 |
|
|
$ |
64 |
|
|
$ |
90 |
|
|
Long-term debt3 |
|
|
4,335 |
|
|
|
4,901 |
|
|
|
4,525 |
|
|
|
4,891 |
|
| |
1 Includes current portion of notes receivable of $16 million at September 30, 2011 and $11 million at December 31, 2010.
2 Includes current portion of long-term debt of $1,116 million at September 30, 2011 and $726 million at December 31, 2010.
3 Includes current portion of long-term debt of $338 million at September 30, 2011 and $37 million at December 31, 2010. |
| Schedule of Investment Securities |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| In Millions |
| |
|
September 30, 2011 |
|
|
December 31, 2010 |
| |
|
|
|
|
|
Unrealized |
|
|
Unrealized |
|
|
|
|
|
|
|
|
|
|
Unrealized |
|
|
Unrealized |
|
|
|
|
| |
|
Cost |
|
|
Gains |
|
|
Losses |
|
|
Fair Value |
|
|
Cost |
|
|
Gains |
|
|
Losses |
|
|
Fair Value |
|
| |
|
| CMS Energy, including consumers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Available for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SERP |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual fund |
|
$ |
88 |
|
|
$ |
— |
|
|
$ |
1 |
|
|
$ |
87 |
|
|
$ |
62 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
62 |
|
|
State and municipal bonds |
|
|
25 |
|
|
|
1 |
|
|
|
— |
|
|
|
26 |
|
|
|
28 |
|
|
|
— |
|
|
|
— |
|
|
|
28 |
|
|
Held to maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt securities |
|
|
7 |
|
|
|
1 |
|
|
|
— |
|
|
|
8 |
|
|
|
5 |
|
|
|
1 |
|
|
|
— |
|
|
|
6 |
|
| |
|
|
Consumers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Available for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SERP |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual fund |
|
$ |
57 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
57 |
|
|
$ |
39 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
39 |
|
|
State and municipal bonds |
|
|
17 |
|
|
|
— |
|
|
|
— |
|
|
|
17 |
|
|
|
17 |
|
|
|
— |
|
|
|
— |
|
|
|
17 |
|
|
CMS Energy common stock |
|
|
7 |
|
|
|
24 |
|
|
|
— |
|
|
|
31 |
|
|
|
8 |
|
|
|
26 |
|
|
|
— |
|
|
|
34 |
|
| | |
| Schedule of Proceeds and Gross Realized Gains/Losses from Sales of Available-for-Sale Securities |
| In Millions |
| |
|
Three months ended |
|
Nine months ended |
| September 30 |
|
2011 |
|
2010 |
|
2011 |
|
2010 |
| |
|
CMS Energy, including Consumers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from sales of investment securities1 |
|
$ |
1 |
|
|
$
— |
|
$ |
2 |
|
|
$ |
1 |
|
| |
|
Consumers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from sales of investment securities1 |
|
$ |
1 |
|
|
$
— |
|
$ |
1 |
|
|
$ |
— |
|
| |
1 All of the proceeds related to sales of investments that were held within the SERP and classified as available for sale. Realized losses on these sales were less than $1 million for both CMS Energy and Consumers during each period. |
| Schedule of Contractual Maturities of Investments |
| |
|
|
|
|
|
|
|
|
| In Millions |
| |
|
CMS Energy, |
|
|
|
|
| |
|
including Consumers |
|
|
Consumers |
|
| |
|
Due one year or less |
|
$ |
2 |
|
|
$ |
1 |
|
|
Due after one year through five years |
|
|
9 |
|
|
|
6 |
|
|
Due after five years through ten years |
|
|
12 |
|
|
|
8 |
|
|
Due after ten years |
|
|
3 |
|
|
|
2 |
|
| |
|
Total |
|
$ |
26 |
|
|
$ |
17 |
| |
Consumers Energy Company [Member] | |
| Schedule of Cost/Carrying Amounts and Fair Values of Long-Term Financial Instruments |
| In Millions |
|
| |
|
September 30, 2011 |
|
|
December 31, 2010 |
|
| |
|
Cost or |
|
|
|
|
|
|
Cost or |
|
|
|
|
| |
|
Carrying |
|
|
|
|
|
|
Carrying |
|
|
|
|
| |
|
Amount |
|
|
Fair Value |
|
|
Amount |
|
|
Fair Value |
|
| |
|
CMS Energy, including Consumers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities held to maturity |
|
$ |
7 |
|
|
$ |
7 |
|
|
$ |
5 |
|
|
$ |
6 |
|
|
Securities available for sale |
|
|
113 |
|
|
|
113 |
|
|
|
90 |
|
|
|
90 |
|
|
Notes receivable1 |
|
|
439 |
|
|
|
460 |
|
|
|
386 |
|
|
|
407 |
|
|
Long-term debt2 |
|
|
7,153 |
|
|
|
8,093 |
|
|
|
7,174 |
|
|
|
7,861 |
|
| |
|
Consumers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Securities available for sale |
|
$ |
81 |
|
|
$ |
105 |
|
|
$ |
64 |
|
|
$ |
90 |
|
|
Long-term debt3 |
|
|
4,336 |
|
|
|
4,901 |
|
|
|
4,525 |
|
|
|
4,891 |
|
| |
| |
|
|
| 1 |
|
Includes current portion of notes receivable of $15 million at September 30, 2011 and $11 million at December 31, 2010. |
| |
| 2 |
|
Includes current portion of long-term debt of $1,116 million at September 30, 2011 and $726 million at December 31, 2010. |
| |
| 3 |
|
Includes current portion of long-term debt of $338 million at September 30, 2011 and $37 million at December 31, 2010. | |
| Schedule of Investment Securities |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| In Millions |
| |
|
September 30, 2011 |
|
|
December 31, 2010 |
| |
|
|
|
|
|
Unrealized |
|
|
Unrealized |
|
|
|
|
|
|
|
|
|
|
Unrealized |
|
|
Unrealized |
|
|
|
|
| |
|
Cost |
|
|
Gains |
|
|
Losses |
|
|
Fair Value |
|
|
Cost |
|
|
Gains |
|
|
Losses |
|
|
Fair Value |
|
| |
|
| CMS Energy, including consumers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Available for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SERP |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual fund |
|
$ |
88 |
|
|
$ |
— |
|
|
$ |
1 |
|
|
$ |
87 |
|
|
$ |
62 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
62 |
|
|
State and municipal bonds |
|
|
25 |
|
|
|
1 |
|
|
|
— |
|
|
|
26 |
|
|
|
28 |
|
|
|
— |
|
|
|
— |
|
|
|
28 |
|
|
Held to maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debt securities |
|
|
7 |
|
|
|
1 |
|
|
|
— |
|
|
|
8 |
|
|
|
5 |
|
|
|
1 |
|
|
|
— |
|
|
|
6 |
|
| |
|
|
Consumers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Available for sale |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SERP |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mutual fund |
|
$ |
57 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
57 |
|
|
$ |
39 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
39 |
|
|
State and municipal bonds |
|
|
17 |
|
|
|
— |
|
|
|
— |
|
|
|
17 |
|
|
|
17 |
|
|
|
— |
|
|
|
— |
|
|
|
17 |
|
|
CMS Energy common stock |
|
|
7 |
|
|
|
24 |
|
|
|
— |
|
|
|
31 |
|
|
|
8 |
|
|
|
26 |
|
|
|
— |
|
|
|
34 |
|
| | |
| Schedule of Proceeds and Gross Realized Gains/Losses from Sales of Available-for-Sale Securities |
| In Millions |
|
| |
|
Three months ended |
|
|
Nine months ended |
|
| September 30 |
|
2011 |
|
|
2010 |
|
|
2011 |
|
|
2010 |
|
| |
|
CMS Energy, including Consumers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from sales of investment securities1 |
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
2 |
|
|
$ |
1 |
|
| |
|
Consumers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from sales of investment securities1 |
|
$ |
1 |
|
|
$ |
— |
|
|
$ |
1 |
|
|
$ |
— |
|
| |
| |
|
|
| 1 |
|
All of the proceeds related to sales of investments that were held within the SERP and classified as available for sale. Realized losses on these sales were less than $1 million for both CMS Energy and Consumers during each period. | |
| Schedule of Contractual Maturities of Investments |
| |
|
|
|
|
|
|
|
|
| In Millions |
| |
|
CMS Energy, |
|
|
|
|
| |
|
including Consumers |
|
|
Consumers |
|
| |
|
Due one year or less |
|
$ |
2 |
|
|
$ |
1 |
|
|
Due after one year through five years |
|
|
9 |
|
|
|
6 |
|
|
Due after five years through ten years |
|
|
12 |
|
|
|
8 |
|
|
Due after ten years |
|
|
3 |
|
|
|
2 |
|
| |
|
Total |
|
$ |
26 |
|
|
$ |
17 |
| |