Par value (in dollars per share)

[Table of Contents](#ie1b09d57e49a40aaa81f572e6311eac9_10)DTE Electric CompanyConsolidated Statements of Financial Position (Unaudited) — (Continued)  


|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | March 31, |  | December 31, |
|  | 2022 |  | 2021 |
|  | (In millions, except shares) |
| LIABILITIES AND SHAREHOLDER’S EQUITY |
| Current Liabilities |  |  |  |
| Accounts payable |  |  |  |
| Affiliates | $ | 77  |  |  | $ | 83  |  |
| Other | 574  |  |  | 567  |  |
| Accrued interest | 88  |  |  | 95  |  |
|  |  |  |  |
| Current portion long-term debt, including securitization bonds and finance leases | 94  |  |  | 322  |  |
| Regulatory liabilities | 102  |  |  | 154  |  |
| Short-term borrowings |  |  |  |
| Affiliates | —  |  |  | 53  |  |
| Other | —  |  |  | 153  |  |
| Operating lease liabilities | 10  |  |  | 10  |  |
| Other | 179  |  |  | 206  |  |
|  | 1,124  |  |  | 1,643  |  |
| Long-Term Debt (net of current portion) |  |  |  |
| Mortgage bonds, notes, and other | 9,479  |  |  | 8,591  |  |
| Securitization bonds | 209  |  |  | —  |  |
| Finance lease liabilities | 5  |  |  | 7  |  |
|  | 9,693  |  |  | 8,598  |  |
| Other Liabilities |  |  |  |
| Deferred income taxes | 2,791  |  |  | 2,741  |  |
| Regulatory liabilities | 2,145  |  |  | 2,221  |  |
| Asset retirement obligations | 2,984  |  |  | 2,932  |  |
| Unamortized investment tax credit | 158  |  |  | 158  |  |
| Nuclear decommissioning | 312  |  |  | 321  |  |
| Accrued pension liability — affiliates | 392  |  |  | 405  |  |
| Accrued postretirement liability — affiliates | 332  |  |  | 340  |  |
| Operating lease liabilities | 44  |  |  | 46  |  |
| Other | 78  |  |  | 97  |  |
|  | 9,236  |  |  | 9,261  |  |
| Commitments and Contingencies (Notes 6 and 13) |  |  |  |
|  |  |  |  |
| Shareholder’s Equity |  |  |  |
| Common stock ($10 par value, 400,000,000 shares authorized, and 138,632,324 shares issued and outstanding for both periods) | 6,002  |  |  | 6,002  |  |
| Retained earnings | 2,825  |  |  | 2,901  |  |
|  |  |  |  |
| Total Shareholder’s Equity | 8,827  |  |  | 8,903  |  |
| Total Liabilities and Shareholder’s Equity | $ | 28,880  |  |  | $ | 28,405  |  |

  
See Combined Notes to Consolidated Financial Statements (Unaudited)14
