Company: DTK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000936340-25-000097
Chunk: 66

Company: DTE ENERGY CO
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 66
---
 have had a direct impact on the fair values of the above security types if they were adjusted.  A significant increase (decrease) in the basis price would have resulted in a higher (lower) fair value for long positions, with offsetting impacts to short positions.

32

Table of ContentsDTE Energy Company — DTE Electric CompanyCombined Notes to Consolidated Financial Statements (Unaudited) — (Continued)

Fair Value of Financial InstrumentsThe following table presents the carrying amount and fair value of financial instruments for DTE Energy:March 31, 2025December 31, 2024CarryingFair ValueCarryingFair ValueAmountLevel 1Level 2Level 3AmountLevel 1Level 2Level 3(In millions)Notes receivable(a), excluding lessor finance leases$963 $— $— $963 $884 $— $— $904 Short-term borrowings$513 $— $513 $— $1,067 $— $1,067 $— Notes payable(b)$39 $— $— $39 $37 $— $— $37 Long-term debt(c)$22,693 $714 $19,248 $1,156 $21,963 $725 $18,283 $1,128 _______________________________________(a)Current portion included in Current Assets — Other on DTE Energy's Consolidated Statements of Financial Position. Carrying value includes credit loss reserves on Notes receivable.(b)Included in Current Liabilities — Other and Other Liabilities — Other on DTE Energy's Consolidated Statements of Financial Position.(c)Includes debt due within one year and excludes finance lease obligations.  Carrying value also includes unamortized debt discounts and issuance costs.The following table presents the carrying amount and fair value of financial instruments for DTE Electric:March 31, 2025December 31, 2024CarryingFair ValueCarryingFair ValueAmountLevel 1Level 2Level 3AmountLevel 1Level 2Level 3(In millions)Notes receivable — Affiliates$— $— $— $— $42 $— $— $42 Notes receivable — Other(a)$35 $— $— $35 $2 $— $— $2 Short-term borrowings — Affili