DTE Energy 2009 Annual Report Download - page 9

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7
MICHIGAN CONSOLIDATED GAS COMPANY
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
December 31
(in Millions, Except Shares)
2009
2008
LIABILITIES AND SHAREHOLDER’S EQUITY
Current Liabilities
Accounts payable
Affiliates
$ 21
$ 26
Other
181
190
Short-term borrowings
Affiliates
115
30
Other
327
492
Other
91
73
735
811
Long-Term Debt
889
889
Other Liabilities
Deferred income taxes
363
290
Regulatory liabilities
626
609
Accrued pension liability — affiliates
33
13
Accrued postretirement liability — affiliates
218
348
Asset retirement obligations
114
112
Other
77
79
1,431
1,451
Commitments and Contingencies (Notes 9 and 14)
Shareholder’s Equity
Common stock, $1 par value, 15,100,000 shares authorized, 10,300,000 shares issued and outstanding
509
509
Retained earnings
419
377
Accumulated other comprehensive loss
(2)
(2)
926
884
Total Liabilities and Shareholder’s Equity
$ 3,981
$ 4,035
See Notes to Consolidated Financial Statements