Florida Power & Light 10-Q 23 Apr 21 2021 Q1 Quarterly report Financial data

Document Entity Information

Document Entity Information	3 Months Ended
	Mar. 31, 2021shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	1-8841
Entity Tax Identification Number	59-2449419
Entity Address, Address Line One	700 Universe Boulevard
Entity Address, City or Town	Juno Beach
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33408
City Area Code	561
Local Phone Number	694-4000
Entity Incorporation, State or Country Code	FL
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	1,961,445,060
Entity Registrant Name	NEXTERA ENERGY INC
Entity Central Index Key	0000753308
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 Par Value
Trading Symbol	NEE
Security Exchange Name	NYSE
Corporate Units [Member]
Entity Information [Line Items]
Title of 12(b) Security	4.872% Corporate Units
Trading Symbol	NEE.PRO
Security Exchange Name	NYSE
Corporate Units 5.279% [Member]
Entity Information [Line Items]
Title of 12(b) Security	5.279% Corporate Units
Trading Symbol	NEE.PRP
Security Exchange Name	NYSE
Corporate Units 6.219% [Member]
Entity Information [Line Items]
Title of 12(b) Security	6.219% Corporate Units
Trading Symbol	NEE.PRQ
Security Exchange Name	NYSE
FPL [Member]
Entity Information [Line Items]
Entity File Number	2-27612
Entity Tax Identification Number	59-0247775
Entity Incorporation, State or Country Code	FL
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	1,000
Entity Registrant Name	FLORIDA POWER & LIGHT CO
Entity Central Index Key	0000037634
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
OPERATING REVENUES		$ 3,726	$ 4,613
OPERATING EXPENSES
Fuel, purchased power and interchange		906	821
Other operations and maintenance		989	830
Depreciation and amortization		749	848
Taxes other than income taxes and other – net		427	406
Total operating expenses - net		3,071	2,905
GAINS ON DISPOSAL OF BUSINESSES/ASSETS - NET		14	273
OPERATING INCOME		669	1,981
OTHER INCOME (DEDUCTIONS)
Interest expense		421	(1,311)
Equity in earnings (losses) of equity method investees		440	(390)
Allowance for equity funds used during construction		29	22
Interest income		19	13
Gains on disposal of investments and other property – net		29	24
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net		58	(328)
Other net periodic benefit income		64	52
Other – net		19	10
Total other income (deductions) - net		1,079	(1,908)
INCOME BEFORE INCOME TAXES		1,748	73
INCOME TAX EXPENSE (BENEFIT)		250	(235)
NET INCOME		1,498	308
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS		168	113
Net income (loss) attributable to NEE		$ 1,666	$ 421
Earnings per share of common stock:
Basic (in dollars per share)		$ 0.85	$ 0.21
Assuming dilution (in dollars per share)		$ 0.84	$ 0.21
FPL [Member]
OPERATING REVENUES		$ 2,970	$ 2,868	[1]
OPERATING EXPENSES
Fuel, purchased power and interchange		772	697	[1]
Other operations and maintenance		385	380	[1]
Depreciation and amortization		339	470	[1]
Taxes other than income taxes and other – net		360	347	[1]
Total operating expenses - net		1,856	1,894	[1]
OPERATING INCOME		1,114	974	[1]
OTHER INCOME (DEDUCTIONS)
Interest expense		(155)	(167)	[1]
Allowance for equity funds used during construction		27	22	[1]
Other – net		0	1	[1]
Total other income (deductions) - net		(128)	(144)	[1]
INCOME BEFORE INCOME TAXES		986	830	[1]
INCOME TAX EXPENSE (BENEFIT)		209	148	[1]
NET INCOME	[2]	$ 777	$ 682	[1]
[1]	Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.
[2]	FPL's comprehensive income is the same as reported net income.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
NET INCOME	$ 1,498	$ 308
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX
Reclassification of unrealized losses on cash flow hedges from accumulated other comprehensive income (loss) to net income	2	2
Net unrealized gains (losses) on available for sale securities:
Net unrealized gains (losses) on securities still held	(8)	(8)
Reclassification from accumulated other comprehensive income (loss) to net income	(3)	(1)
Reclassification from accumulated other comprehensive income (loss) to net income	1	3
Net unrealized gains (losses) on foreign currency translation	6	(35)
Total other comprehensive loss, net of tax	(2)	(39)
IMPACT OF DISPOSAL OF A BUSINESS (NET OF $19 TAX BENEFIT)	0	10
COMPREHENSIVE INCOME	1,496	279
COMPREHENSIVE LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS	166	119
COMPREHENSIVE INCOME ATTRIBUTABLE TO NEE	$ 1,662	$ 398

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Tax expense (benefit) on cash flow hedges reclassified from AOCI to net income	$ (1)	$ (1)
Tax expense (benefit) of unrealized gains/losses on available for sale securities still held	(3)	(4)
Tax expense (benefit) on available for sale securities reclassified from AOCI to net income	1	1
Tax expense (benefit) of defined benefit pension and other benefits plans	0	0
Tax expense (benefit) of defined benefit pension and other benefits plans reclassified from AOCI to net income	(1)	(1)
Tax expense (benefit) of other comprehensive income (loss) related to equity method investees	0	0
Tax benefit of disposal of a business	$ 0	$ (19)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,462	$ 1,105
Customer receivables, net of allowances	2,648	2,263
Other receivables	638	711
Materials, supplies and fossil fuel inventory	1,604	1,552
Regulatory assets	399	377
Derivatives	496	570
Other	990	804
Total current assets	8,237	7,382
Other assets:
Electric utility plant and other property - net	54,918	53,879
Property, plant and equipment – net	94,304	91,803
Special use funds	8,010	7,779
Investment in equity method investees	6,049	5,728
Prepaid benefit costs	1,752	1,707
Regulatory assets	3,776	3,712
Derivatives	1,618	1,647
Goodwill	4,853	4,254
Other	3,842	3,672
Total other assets	124,204	120,302
TOTAL ASSETS	132,441	127,684
Current liabilities:
Commercial paper	2,008	1,551
Other short-term debt	758	458
Current portion of long-term debt	3,837	4,138
Accounts payable	4,400	4,615
Customer deposits	481	474
Accrued interest and taxes	726	519
Derivatives	437	311
Accrued construction-related expenditures	1,052	991
Regulatory liabilities	232	245
Other	1,852	2,256
Total current liabilities	15,783	15,558
Other liabilities and deferred credits:
Long-term debt	46,065	41,944
Asset retirement obligations	2,902	3,057
Deferred income taxes	8,256	8,020
Regulatory liabilities	10,569	10,735
Derivatives	595	1,199
Other	2,541	2,242
Total other liabilities and deferred credits	70,928	67,197
TOTAL LIABILITIES	86,711	82,755
COMMITMENTS AND CONTINGENCIES
EQUITY
Common stock	20	20
Additional paid-in capital	11,183	11,222
Retained earnings	26,273	25,363
Accumulated other comprehensive loss	(98)	(92)
Total common shareholders' equity	37,378	36,513
Noncontrolling interests	8,352	8,416
TOTAL EQUITY	45,730	44,929
TOTAL LIABILITIES AND EQUITY	132,441	127,684
FPL [Member]
Current assets:
Cash and cash equivalents	44	25	[1]
Customer receivables, net of allowances	1,042	1,141	[1]
Other receivables	343	405	[1]
Materials, supplies and fossil fuel inventory	914	899	[1]
Regulatory assets	382	360	[1]
Other	198	182	[1]
Total current assets	2,923	3,012	[1]
Other assets:
Electric utility plant and other property - net	54,918	53,879	[1]
Special use funds	5,517	5,347	[1]
Prepaid benefit costs	1,576	1,550	[1]
Regulatory assets	3,395	3,399	[1]
Goodwill	2,989	2,989	[1]
Other	779	825	[1]
Total other assets	69,174	67,989	[1]
TOTAL ASSETS	72,097	71,001	[1]
Current liabilities:
Commercial paper	618	1,551	[1]
Other short-term debt	200	200	[1]
Current portion of long-term debt	354	354	[1]
Accounts payable	992	874	[1]
Customer deposits	468	468	[1]
Accrued interest and taxes	482	300	[1]
Accrued construction-related expenditures	461	423	[1]
Regulatory liabilities	223	224	[1]
Other	678	948	[1]
Total current liabilities	4,476	5,342	[1]
Other liabilities and deferred credits:
Long-term debt	17,067	16,882	[1]
Asset retirement obligations	1,894	1,871	[1]
Deferred income taxes	6,651	6,519	[1]
Regulatory liabilities	10,431	10,600	[1]
Other	538	559	[1]
Total other liabilities and deferred credits	36,581	36,431	[1]
TOTAL LIABILITIES	41,057	41,773	[1]
COMMITMENTS AND CONTINGENCIES			[1]
EQUITY
Common stock	1,373	1,373	[1]
Additional paid-in capital	19,271	18,236	[1]
Retained earnings	10,396	9,619	[1]
TOTAL EQUITY	31,040	29,228	[2]
TOTAL LIABILITIES AND EQUITY	$ 72,097	$ 71,001	[1]
[1]	Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.
[2]	Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Customer receivables, allowances	$ 180	$ 67
Property, plant and equipment – net	94,304	91,803
Current portion of long-term debt	3,837	4,138
Accounts payable	4,400	4,615
Long-term debt	$ 46,065	$ 41,944
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	3,200,000,000	3,200,000,000
Common stock, shares, outstanding (in shares)	1,961,000,000	1,960,000,000
Related to VIE [Member]
Property, plant and equipment – net	$ 18,224	$ 18,084
Current portion of long-term debt	28	27
Accounts payable	1,078	1,433
Long-term debt	544	493
Noncontrolling interest in variable interest entity	8,348	8,413
FPL [Member]
Customer receivables, allowances	23	44	[1]
Current portion of long-term debt	354	354	[1]
Accounts payable	992	874	[1]
Long-term debt	$ 17,067	$ 16,882	[1]
Common stock, no par value (in dollars per share)	$ 0	$ 0	[1]
Common stock, shares authorized (in shares)	1,000	1,000	[1]
Common stock, shares, outstanding (in shares)	1,000	1,000	[1]
Common stock, shares, issued (in shares)	1,000	1,000	[1]
[1]	Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income		$ 1,498	$ 308
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization		749	848
Nuclear fuel and other amortization		74	74
Unrealized losses (gains) on marked to market derivative contracts – net		(320)	563
Foreign currency transaction gains		(51)	(39)
Deferred income taxes		297	(180)
Cost recovery clauses and franchise fees		(86)	(10)
Equity in losses (earnings) of equity method investees		(440)	390
Distributions of earnings from equity method investees		121	100
Gains on disposal of businesses, assets and investments – net		(43)	(297)
Other – net		(239)	311
Changes in operating assets and liabilities:
Current assets		(445)	142
Noncurrent assets		(128)	(56)
Current liabilities		247	(245)
Noncurrent liabilities		58	(15)
Net cash provided by operating activities		1,292	1,894
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures of FPL Segment		(1,350)	(1,394)
Capital expenditures of Gulf Power		(170)	(340)
Independent power and other investments of NEER		(2,999)	(1,492)
Nuclear fuel purchases		(57)	(57)
Other capital expenditures and other investments		1	(1)
Proceeds from sale or maturity of securities in special use funds		1,377	1,081
Purchases of securities in special use funds		(1,460)	(1,084)
Other – net		238	152
Net cash used in investing activities		(4,420)	(3,135)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuances of long-term debt, including premiums and discounts		4,616	4,353
Retirements of long-term debt		(432)	(312)
Net change in commercial paper		458	(940)
Proceeds from other short-term debt		0	1,625
Repayments of other short-term debt		(200)	0
Payments from related parties under a cash sweep and credit support agreement – net		74	48
Issuances of common stock/equity units – net			(57)
Issuances of common stock/equity units – net		4
Dividends		(755)	(685)
Other – net		(22)	(71)
Net cash provided by (used in) financing activities		3,743	3,961
Effects of currency translation on cash, cash equivalents and restricted cash		4	6
Net increase (decrease) in cash, cash equivalents and restricted cash		619	2,726
Cash, cash equivalents and restricted cash at beginning of period		1,546	1,108
Cash, cash equivalents and restricted cash at end of period		2,165	3,834
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Accrued property additions		3,825	3,194
Increase in property, plant and equipment related to an acquisition		0	353
Decrease in joint venture investments related to an acquisition		0	145
FPL [Member]
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	[1]	777	682	[2]
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization		339	470	[3]
Nuclear fuel and other amortization		43	43	[3]
Deferred income taxes		175	218	[3]
Cost recovery clauses and franchise fees		(86)	(10)	[3]
Other – net		(101)	(25)	[3]
Changes in operating assets and liabilities:
Current assets		132	23	[3]
Noncurrent assets		(11)	(12)	[3]
Current liabilities		16	(78)	[3]
Noncurrent liabilities		(10)	(31)	[3]
Net cash provided by operating activities		1,274	1,280	[3]
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures		(1,520)	(1,728)	[3]
Nuclear fuel purchases		(25)	(42)	[3]
Proceeds from sale or maturity of securities in special use funds		1,001	657	[3]
Purchases of securities in special use funds		(1,032)	(666)	[3]
Other – net		1	(13)	[3]
Net cash used in investing activities		(1,575)	(1,792)	[3]
CASH FLOWS FROM FINANCING ACTIVITIES
Issuances of long-term debt, including premiums and discounts		184	1,558	[3]
Retirements of long-term debt		0	(285)	[3]
Net change in commercial paper		(932)	(1,100)	[3]
Capital contributions from NEE		1,035	1,600	[3]
Other – net		(8)	(18)	[3]
Net cash provided by (used in) financing activities		279	1,755	[3]
Net increase (decrease) in cash, cash equivalents and restricted cash		(22)	1,243	[3]
Cash, cash equivalents and restricted cash at beginning of period		160	264	[3]
Cash, cash equivalents and restricted cash at end of period		138	1,507	[3]
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Accrued property additions		$ 826	$ 637	[3]
[1]	FPL's comprehensive income is the same as reported net income.
[2]	Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.
[3]	Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions		Total	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Retained Earnings [Member]Adoption of accounting standards update [Member]	[1]	Total Common Shareholders' Equity Parent [Member]	Total Common Shareholders' Equity Parent [Member]Adoption of accounting standards update [Member]	[1]	Noncontrolling Interest [Member]	FPL [Member]		FPL [Member]Common Stock [Member]		FPL [Member]Additional Paid-in Capital [Member]		FPL [Member]Retained Earnings [Member]
Beginning Balance (in shares) at Dec. 31, 2019			1,956,000,000
Beginning Balance at Dec. 31, 2019		$ 41,360	$ 20	$ 11,955	$ (169)	$ 25,199	$ (11)		$ 37,005	$ (11)		$ 4,355	$ 25,797	[2]	$ 1,373	[2]	$ 15,485	[2]	$ 8,939	[2]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (loss)		308				421			421			(112)	682	[3],[4]					682	[2]
Premium on equity units				(253)					(253)
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture			2,000,000
Share-based payment activity				4					4
Dividends on common stock	[5]					(685)			(685)
Other comprehensive income (loss)		(39)			(33)				(33)			(6)
Issuances of common stock/equity units - net				(51)					(51)
Impact of disposal of a business		10
AOCI Increase From Disposal Of Business	[6]				10				10
Other differential membership interests activity				(2)					(2)			219
Capital contributions from NEE													1,600	[7]			1,600	[2]
Other				0	0	(2)			(2)			16
Ending Balance (in shares) at Mar. 31, 2020			1,958,000,000
Ending Balance at Mar. 31, 2020		40,875	$ 20	11,653	(192)	24,922			36,403			4,472	28,079	[2]	1,373	[2]	17,085	[2]	9,621	[2]
Beginning balance at Dec. 31, 2019		487
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income (loss)		(1)
Other differential membership interests activity		(248)
Other		0
Ending balance at Mar. 31, 2020		238
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Retained earnings		$ 25,363											$ 9,619	[8]
Beginning Balance (in shares) at Dec. 31, 2020		1,960,000,000	1,960,000,000										1,000	[8]
Beginning Balance at Dec. 31, 2020		$ 44,929	$ 20	11,222	(92)	25,363			36,513			8,416	$ 29,228	[2]	1,373	[2]	18,236	[2]	9,619	[2]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (loss)		1,498				1,666			1,666			(168)	777	[4]					777
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture			2,000,000
Share-based payment activity				(24)					(24)
Dividends on common stock	[9]					(755)			(755)
Other comprehensive income (loss)		(2)			(5)				(5)			2
Impact of disposal of a business		$ 0
Other differential membership interests activity				0					0			65
Capital contributions from NEE													$ 1,035				1,035
Other (in shares)			(1,000,000)
Other				(15)	(1)	(1)			(17)			37
Ending Balance (in shares) at Mar. 31, 2021		1,961,000,000	1,961,000,000										1,000
Ending Balance at Mar. 31, 2021		$ 45,730	$ 20	$ 11,183	$ (98)	$ 26,273			$ 37,378			$ 8,352	$ 31,040		$ 1,373		$ 19,271		$ 10,396
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Retained earnings		$ 26,273											$ 10,396
[1]	See Note 11 - Measurement of Credit Losses on Financial Instruments.
[2]	Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.
[3]	Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.
[4]	FPL's comprehensive income is the same as reported net income.
[5]	Dividends per share were $0.35 for the three months ended March 31, 2020
[6]	See Note 11 - Disposal of a Business.
[7]	Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.
[8]	Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.
[9]	Dividends per share were $0.385 for the three months ended March 31, 2021.

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]
Dividends per share of common stock (in dollars per share)	$ 0.385	$ 0.35

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue from Contracts with Customers FPL and NEER generate substantially all of NEE’s operating revenues, which primarily include revenues from contracts with customers, as well as derivative and lease transactions at NEER. For the vast majority of contracts with customers, NEE believes that the obligation to deliver energy, capacity or transmission is satisfied over time as the customer simultaneously receives and consumes benefits as NEE performs. NEE’s revenue from contracts with customers was approximately $4.0 billion ($3.0 billion at FPL) and $3.9 billion ($2.9 billion at FPL) for the three months ended March 31, 2021 and 2020, respectively. NEE's and FPL's receivables are primarily associated with revenues earned from contracts with customers, as well as derivative and lease transactions at NEER, and consist of both billed and unbilled amounts, which are recorded in customer receivables and other receivables on NEE's and FPL's condensed consolidated balance sheets. Receivables represent unconditional rights to consideration and reflect the differences in timing of revenue recognition and cash collections. For substantially all of NEE's and FPL's receivables, regardless of the type of revenue transaction from which the receivable originated, customer and counterparty credit risk is managed in the same manner and the terms and conditions of payment are similar. During the three months ended March 31, 2021, NEER did not recognize approximately $180 million of revenue related to reimbursable expenses from a counterparty that are deemed not probable of collection. These reimbursable expenses arose from the impact of severe prolonged winter weather in Texas in February 2021. These determinations were made based on assessments of the counterparty's creditworthiness and NEER's ability to collect. FPL - FPL’s revenues are derived primarily from tariff-based sales that result from providing electricity to retail customers in Florida with no defined contractual term. Electricity sales to retail customers account for approximately 90% of FPL’s operating revenues, the majority of which are to residential customers. Retail customers receive a bill monthly based on the amount of monthly kWh usage with payment due monthly. For these types of sales, FPL recognizes revenue as electricity is delivered and billed to customers, as well as an estimate for electricity delivered and not yet billed. The billed and unbilled amounts represent the value of electricity delivered to the customer. At March 31, 2021 and December 31, 2020, FPL's unbilled revenues amounted to approximately $466 million and $454 million, respectively, and are included in customer receivables on NEE's and FPL's condensed consolidated balance sheets. Certain contracts with customers contain a fixed price which primarily relate to certain power purchase agreements with maturity dates through 2041. As of March 31, 2021, FPL expects to record approximately $420 million of revenues related to the fixed capacity price components of such contracts over the remaining terms of the related contracts as the capacity is provided. These contracts also contain a variable price component for energy usage which FPL recognizes as revenue as the energy is delivered based on rates stipulated in the respective contracts. NEER - NEER’s revenue from contracts with customers is derived primarily from the sale of energy commodities, electric capacity and electric transmission. For these types of sales, NEER recognizes revenue as energy commodities are delivered and as electric capacity and electric transmission are made available, consistent with the amounts billed to customers based on rates stipulated in the respective contracts as well as an accrual for amounts earned but not yet billed. The amounts billed and accrued represent the value of energy or transmission delivered and/or the capacity of energy or transmission available to the customer. Revenues yet to be earned under these contracts, which have maturity dates ranging from 2021 to 2053, will vary based on the volume of energy or transmission delivered and/or available. NEER’s customers typically receive bills monthly with payment due within 30 days. Certain contracts with customers contain a fixed price which primarily relate to electric capacity sales associated with ISO annual auctions through 2025 and certain power purchase agreements with maturity dates through 2034. At March 31, 2021, NEER expects to record approximately $810 million of revenues related to the fixed price components of such contracts over the remaining terms of the related contracts as the capacity is provided.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments NEE and FPL use derivative instruments (primarily swaps, options, futures and forwards) to manage the physical and financial risks inherent in the purchase and sale of fuel and electricity, as well as interest rate and foreign currency exchange rate risk associated primarily with outstanding and expected future debt issuances and borrowings, and to optimize the value of NEER's power generation and gas infrastructure assets. NEE and FPL do not utilize hedge accounting for their cash flow and fair value hedges. With respect to commodities related to NEE's competitive energy business, NEER employs risk management procedures to conduct its activities related to optimizing the value of its power generation and gas infrastructure assets, providing full energy and capacity requirements services primarily to distribution utilities, and engaging in power and fuel marketing and trading activities to take advantage of expected future favorable price movements and changes in the expected volatility of prices in the energy markets. These risk management activities involve the use of derivative instruments executed within prescribed limits to manage the risk associated with fluctuating commodity prices. Transactions in derivative instruments are executed on recognized exchanges or via the OTC markets, depending on the most favorable credit terms and market execution factors. For NEER's power generation and gas infrastructure assets, derivative instruments are used to hedge all or a portion of the expected output of these assets. These hedges are designed to reduce the effect of adverse changes in the wholesale forward commodity markets associated with NEER's power generation and gas infrastructure assets. With regard to full energy and capacity requirements services, NEER is required to vary the quantity of energy and related services based on the load demands of the customers served. For this type of transaction, derivative instruments are used to hedge the anticipated electricity quantities required to serve these customers and reduce the effect of unfavorable changes in the forward energy markets. Additionally, NEER takes positions in energy markets based on differences between actual forward market levels and management's view of fundamental market conditions, including supply/demand imbalances, changes in traditional flows of energy, changes in short- and long-term weather patterns and anticipated regulatory and legislative outcomes. NEER uses derivative instruments to realize value from these market dislocations, subject to strict risk management limits around market, operational and credit exposure. Derivative instruments, when required to be marked to market, are recorded on NEE's and FPL's condensed consolidated balance sheets as either an asset or liability measured at fair value. At FPL, substantially all changes in the derivatives' fair value are deferred as a regulatory asset or liability until the contracts are settled, and, upon settlement, any gains or losses are passed through the applicable fuel clause. For NEE's non-rate regulated operations, predominantly NEER, essentially all changes in the derivatives' fair value for power purchases and sales, fuel sales and trading activities are recognized on a net basis in operating revenues and the equity method investees' related activity is recognized in equity in earnings of equity method investees in NEE's condensed consolidated statements of income. Settlement gains and losses are included within the line items in the condensed consolidated statements of income to which they relate. Transactions for which physical delivery is deemed not to have occurred are presented on a net basis in the condensed consolidated statements of income. For commodity derivatives, NEE believes that, where offsetting positions exist at the same location for the same time, the transactions are considered to have been netted and therefore physical delivery has been deemed not to have occurred for financial reporting purposes. Settlements related to derivative instruments are primarily recognized in net cash provided by operating activities in NEE's and FPL's condensed consolidated statements of cash flows. For interest rate and foreign currency derivative instruments, all changes in the derivatives' fair value, as well as the transaction gain or loss on foreign denominated debt, are recognized in interest expense and the equity method investees' related activity is recognized in equity in earnings (losses) of equity method investees in NEE's condensed consolidated statements of income. In addition, for the three months ended March 31, 2020, NEE reclassified from AOCI approximately $23 million ($3 million after tax) to gains on disposal of businesses/assets - net (see Note 11 - Disposal of a Business) because it became probable that related future transactions being hedged would not occur. At March 31, 2021, NEE's AOCI included amounts related to discontinued interest rate cash flow hedges with expiration dates through March 2035 and foreign currency cash flow hedges with expiration dates through September 2030. Approximately $7 million of net losses included in AOCI at March 31, 2021 are expected to be reclassified into earnings within the next 12 months as the principal and/or interest payments are made. Such amounts assume no change in scheduled principal payments. Fair Value Measurement of Derivative Instruments - The fair value of assets and liabilities are determined using either unadjusted quoted prices in active markets (Level 1) or pricing inputs that are observable (Level 2) whenever that information is available and using unobservable inputs (Level 3) to estimate fair value only when relevant observable inputs are not available. NEE and FPL use several different valuation techniques to measure the fair value of assets and liabilities, relying primarily on the market approach of using prices and other market information for identical and/or comparable assets and liabilities for those assets and liabilities that are measured at fair value on a recurring basis. NEE's and FPL's assessment of the significance of any particular input to the fair value measurement requires judgment and may affect placement within the fair value hierarchy levels. Non-performance risk, including the consideration of a credit valuation adjustment, is also considered in the determination of fair value for all assets and liabilities measured at fair value. NEE and FPL measure the fair value of commodity contracts using a combination of market and income approaches utilizing prices observed on commodities exchanges and in the OTC markets, or through the use of industry-standard valuation techniques, such as option modeling or discounted cash flows techniques, incorporating both observable and unobservable valuation inputs. The resulting measurements are the best estimate of fair value as represented by the transfer of the asset or liability through an orderly transaction in the marketplace at the measurement date. Most exchange-traded derivative assets and liabilities are valued directly using unadjusted quoted prices. For exchange-traded derivative assets and liabilities where the principal market is deemed to be inactive based on average daily volumes and open interest, the measurement is established using settlement prices from the exchanges, and therefore considered to be valued using other observable inputs. NEE, through its subsidiaries, including FPL, also enters into OTC commodity contract derivatives. The majority of these contracts are transacted at liquid trading points, and the prices for these contracts are verified using quoted prices in active markets from exchanges, brokers or pricing services for similar contracts. NEE, through NEER, also enters into full requirements contracts, which, in most cases, meet the definition of derivatives and are measured at fair value. These contracts typically have one or more inputs that are not observable and are significant to the valuation of the contract. In addition, certain exchange and non-exchange traded derivative options at NEE have one or more significant inputs that are not observable, and are valued using industry-standard option models. In all cases where NEE and FPL use significant unobservable inputs for the valuation of a commodity contract, consideration is given to the assumptions that market participants would use in valuing the asset or liability. The primary input to the valuation models for commodity contracts is the forward commodity curve for the respective instruments. Other inputs include, but are not limited to, assumptions about market liquidity, volatility, correlation and contract duration as more fully described below in Significant Unobservable Inputs Used in Recurring Fair Value Measurements. In instances where the reference markets are deemed to be inactive or do not have transactions for a similar contract, the derivative assets and liabilities may be valued using significant other observable inputs and potentially significant unobservable inputs. In such instances, the valuation for these contracts is established using techniques including extrapolation from or interpolation between actively traded contracts, or estimated basis adjustments from liquid trading points. NEE and FPL regularly evaluate and validate the inputs used to determine fair value by a number of methods, consisting of various market price verification procedures, including the use of pricing services and multiple broker quotes to support the market price of the various commodities. In all cases where there are assumptions and models used to generate inputs for valuing derivative assets and liabilities, the review and verification of the assumptions, models and changes to the models are undertaken by individuals that are independent of those responsible for estimating fair value. NEE uses interest rate contracts and foreign currency contracts to mitigate and adjust interest rate and foreign currency exchange exposure related primarily to certain outstanding and expected future debt issuances and borrowings when deemed appropriate based on market conditions or when required by financing agreements. NEE estimates the fair value of these derivatives using an income approach based on a discounted cash flows valuation technique utilizing the net amount of estimated future cash inflows and outflows related to the agreements. The tables below present NEE's and FPL's gross derivative positions at March 31, 2021 and December 31, 2020, as required by disclosure rules. However, the majority of the underlying contracts are subject to master netting agreements and generally would not be contractually settled on a gross basis. Therefore, the tables below also present the derivative positions on a net basis, which reflect the offsetting of positions of certain transactions within the portfolio, the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral, as well as the location of the net derivative position on the condensed consolidated balance sheets. March 31, 2021 Level 1 Level 2 Level 3 Netting (a) Total (millions) Assets: NEE: Commodity contracts $ 775 $ 1,893 $ 1,499 $ (2,197) $ 1,970 Interest rate contracts $ — $ 218 $ — $ (69) 149 Foreign currency contracts $ — $ 35 $ — $ (40) (5) Total derivative assets $ 2,114 FPL - commodity contracts $ — $ 1 $ 2 $ (1) $ 2 Liabilities: NEE: Commodity contracts $ 858 $ 1,639 $ 342 $ (2,176) $ 663 Interest rate contracts $ — $ 418 $ — $ (69) 349 Foreign currency contracts $ — $ 60 $ — $ (40) 20 Total derivative liabilities $ 1,032 FPL - commodity contracts $ — $ 5 $ 4 $ (1) $ 8 Net fair value by NEE balance sheet line item: Current derivative assets $ 496 Noncurrent derivative assets (b) 1,618 Total derivative assets $ 2,114 Current derivative liabilities (c) $ 437 Noncurrent derivative liabilities 595 Total derivative liabilities $ 1,032 Net fair value by FPL balance sheet line item: Current other assets $ 2 Current other liabilities $ 8 ——————————————— (a) Includes the effect of the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral payments and receipts. NEE and FPL also have contract settlement receivable and payable balances that are subject to the master netting arrangements but are not offset within the condensed consolidated balance sheets and are recorded in customer receivables - net and accounts payable, respectively. (b) Reflects the netting of approximately $66 million in margin cash collateral received from counterparties. (c) Reflects the netting of approximately $45 million in margin cash collateral paid to counterparties. December 31, 2020 Level 1 Level 2 Level 3 Netting (a) Total (millions) Assets: NEE: Commodity contracts $ 919 $ 1,881 $ 1,679 $ (2,325) $ 2,154 Interest rate contracts $ — $ 81 $ — $ (41) 40 Foreign currency contracts $ — $ 57 $ — $ (34) 23 Total derivative assets $ 2,217 FPL - commodity contracts $ — $ 1 $ 2 $ — $ 3 Liabilities: NEE: Commodity contracts $ 1,004 $ 1,468 $ 305 $ (2,277) $ 500 Interest rate contracts $ — $ 1,042 $ — $ (41) 1,001 Foreign currency contracts $ — $ 43 $ — $ (34) 9 Total derivative liabilities $ 1,510 FPL - commodity contracts $ — $ — $ 3 $ — $ 3 Net fair value by NEE balance sheet line item: Current derivative assets $ 570 Noncurrent derivative assets (b) 1,647 Total derivative assets $ 2,217 Current derivative liabilities (c) $ 311 Noncurrent derivative liabilities 1,199 Total derivative liabilities $ 1,510 Net fair value by FPL balance sheet line item: Current other assets $ 3 Current other liabilities $ 2 Noncurrent other liabilities 1 Total derivative liabilities $ 3 ——————————————— (a) Includes the effect of the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral payments and receipts. NEE and FPL also have contract settlement receivable and payable balances that are subject to the master netting arrangements but are not offset within the condensed consolidated balance sheets and are recorded in customer receivables - net and accounts payable, respectively. (b) Reflects the netting of approximately $184 million in margin cash collateral received from counterparties. (c) Reflects the netting of approximately $136 million in margin cash collateral paid to counterparties. At March 31, 2021 and December 31, 2020, NEE had approximately $5 million and $6 million (none at FPL), respectively, in margin cash collateral received from counterparties that was not offset against derivative assets in the above presentation. These amounts are included in current other liabilities on NEE's condensed consolidated balance sheets. Additionally, at March 31, 2021 and December 31, 2020, NEE had approximately $401 million and $315 million (none at FPL), respectively, in margin cash collateral paid to counterparties that was not offset against derivative assets or liabilities in the above presentation. These amounts are included in current other assets on NEE's condensed consolidated balance sheets. Significant Unobservable Inputs Used in Recurring Fair Value Measurements - The valuation of certain commodity contracts requires the use of significant unobservable inputs. All forward price, implied volatility, implied correlation and interest rate inputs used in the valuation of such contracts are directly based on third-party market data, such as broker quotes and exchange settlements, when that data is available. If third-party market data is not available, then industry standard methodologies are used to develop inputs that maximize the use of relevant observable inputs and minimize the use of unobservable inputs. Observable inputs, including some forward prices, implied volatilities and interest rates used for determining fair value are updated daily to reflect the best available market information. Unobservable inputs which are related to observable inputs, such as illiquid portions of forward price or volatility curves, are updated daily as well, using industry standard techniques such as interpolation and extrapolation, combining observable forward inputs supplemented by historical market and other relevant data. Other unobservable inputs, such as implied correlations, block-to-hourly price shaping, customer migration rates from full requirements contracts and some implied volatility curves, are modeled using proprietary models based on historical data and industry standard techniques. The significant unobservable inputs used in the valuation of NEE's commodity contracts categorized as Level 3 of the fair value hierarchy at March 31, 2021 are as follows: Fair Value at Valuation Significant Weighted- Transaction Type March 31, 2021 Technique(s) Unobservable Inputs Range average (a) Assets Liabilities (millions) Forward contracts - power $ 703 $ 92 Discounted cash flow Forward price (per MWh) $1 — $133 $30 Forward contracts - gas 277 34 Discounted cash flow Forward price (per MMBtu) $1 — $8 $3 Forward contracts - congestion 23 5 Discounted cash flow Forward price (per MWh) $(8) — $75 $— Options - power 38 9 Option models Implied correlations 39% — 85% 54% Implied volatilities 7% — 236% 59% Options - primarily gas 137 120 Option models Implied correlations 39% — 85% 54% Implied volatilities 16% — 115% 29% Full requirements and unit contingent contracts 295 70 Discounted cash flow Forward price (per MWh) $5 — $318 $50 Customer migration rate (b) —% — 49% 1% Forward contracts - other 26 12 Total $ 1,499 $ 342 ——————————————— (a) Unobservable inputs were weighted by volume. (b) Applies only to full requirements contracts. The sensitivity of NEE's fair value measurements to increases (decreases) in the significant unobservable inputs is as follows: Significant Unobservable Input Position Impact on Forward price Purchase power/gas Increase (decrease) Sell power/gas Decrease (increase) Implied correlations Purchase option Decrease (increase) Sell option Increase (decrease) Implied volatilities Purchase option Increase (decrease) Sell option Decrease (increase) Customer migration rate Sell power (a) Decrease (increase) ——————————————— (a) Assumes the contract is in a gain position. The reconciliation of changes in the fair value of derivatives that are based on significant unobservable inputs is as follows: Three Months Ended March 31, 2021 2020 NEE FPL NEE FPL (millions) Fair value of net derivatives based on significant unobservable inputs at December 31 of prior period $ 1,374 $ (1) $ 1,207 $ (8) Realized and unrealized gains (losses): Included in earnings (a) (130) — 387 — Included in regulatory assets and liabilities (2) (2) (2) (2) Purchases 38 — 81 — Sales (b) — — 114 — Settlements (89) 1 (206) 1 Issuances (21) — (32) — Transfers out (c) (13) — (30) — Fair value of net derivatives based on significant unobservable inputs at March 31 $ 1,157 $ (2) $ 1,519 $ (9) Gains (losses) included in earnings attributable to the change in unrealized gains (losses) relating to derivatives held at the reporting date (d) $ (125) $ — $ 308 $ — ——————————————— (a) For the three months ended March 31, 2021 and 2020, realized and unrealized gains (losses) of approximately $(130) million and $405 million, respectively, are included in the condensed consolidated statements of income in operating revenues and the balance is included in interest expense. (b) See Note 11 - Disposal of a Business. (c) Transfers from Level 3 to Level 2 were a result of increased observability of market data. (d) For the three months ended March 31, 2021 and 2020, unrealized gains (losses) of approximately $(125) million and $319 million, respectively, are included in the condensed consolidated statements of income in operating revenues and the balance is included in interest expense. Income Statement Impact of Derivative Instruments - Gains (losses) related to NEE's derivatives are recorded in NEE's condensed consolidated statements of income as follows: Three Months Ended March 31, 2021 2020 (millions) Commodity contracts (a) - operating revenues $ (488) $ 625 Foreign currency contracts - interest expense (40) (79) Interest rate contracts - interest expense 747 (905) Losses reclassified from AOCI: Interest rate contracts (b) (1) (25) Foreign currency contracts - interest expense (1) (1) Total $ 217 $ (385) ——————————————— (a) For the three months ended March 31, 2021 and 2020, FPL recorded losses of approximately $7 million and $3 million, respectively, related to commodity contracts as regulatory assets on its condensed consolidated balance sheets. (b) For the three months ended March 31, 2020, approximately $23 million was reclassified to gains on disposal of businesses/assets - net (see Note 11 - Disposal of a Business); remaining balances were reclassified to interest expense on NEE's condensed consolidated statements of income. Notional Volumes of Derivative Instruments - The following table represents net notional volumes associated with derivative instruments that are required to be reported at fair value in NEE's and FPL's condensed consolidated financial statements. The table includes significant volumes of transactions that have minimal exposure to commodity price changes because they are variably priced agreements. These volumes are only an indication of the commodity exposure that is managed through the use of derivatives. They do not represent net physical asset positions or non-derivative positions and the related hedges, nor do they represent NEE’s and FPL’s net economic exposure, but only the net notional derivative positions that fully or partially hedge the related asset positions. NEE and FPL had derivative commodity contracts for the following net notional volumes: March 31, 2021 December 31, 2020 Commodity Type NEE FPL NEE FPL (millions) Power (104) MWh — (90) MWh — Natural gas (811) MMBtu 241 MMBtu (607) MMBtu 87 MMBtu Oil (23) barrels — (6) barrels — At March 31, 2021 and December 31, 2020, NEE had interest rate contracts with a net notional amount of approximately $10.5 billion and $10.5 billion, respectively, and foreign currency contracts with a net notional amount of approximately $1.0 billion and $1.0 billion, respectively. Credit - Risk - Related Contingent Features - Certain derivative instruments contain credit-risk-related contingent features including, among other things, the requirement to maintain an investment grade credit rating from specified credit rating agencies and certain financial ratios, as well as credit-related cross-default and material adverse change triggers. At March 31, 2021 and December 31, 2020, the aggregate fair value of NEE's derivative instruments with credit-risk-related contingent features that were in a liability position was approximately $1.5 billion ($8 million for FPL) and $1.9 billion ($3 million for FPL), respectively. If the credit-risk-related contingent features underlying these derivative agreements were triggered, certain subsidiaries of NEE, including FPL, could be required to post collateral or settle contracts according to contractual terms which generally allow netting of contracts in offsetting positions. Certain derivative contracts contain multiple types of credit-related triggers. To the extent these contracts contain a credit ratings downgrade trigger, the maximum exposure is included in the following credit ratings collateral posting requirements. If FPL's and NEECH's credit ratings were downgraded to BBB/Baa2 (a three level downgrade for FPL and a one level downgrade for NEECH from the current lowest applicable rating), applicable NEE subsidiaries would be required to post collateral such that the total posted collateral would be approximately $100 million (none at FPL) at March 31, 2021 and $80 million (none at FPL) at December 31, 2020. If FPL's and NEECH's credit ratings were downgraded to below investment grade, applicable NEE subsidiaries would be required to post additional collateral such that the total posted collateral would be approximately $1.2 billion ($35 million at FPL) at March 31, 2021 and $1.2 billion ($75 million at FPL) at December 31, 2020. Some derivative contracts do not contain credit ratings downgrade triggers, but do contain provisions that require certain financial measures be maintained and/or have credit-related cross-default triggers. In the event these provisions were triggered, applicable NEE subsidiaries could be required to post additional collateral of up to approximately $385 million ($85 million at FPL) at March 31, 2021 and $880 million ($75 million at FPL) at December 31, 2020. Collateral related to derivatives may be posted in the form of cash or credit support in the normal course of business. At March 31, 2021 and December 31, 2020, applicable NEE subsidiaries have posted approximately $3 million (none at FPL) and $2 million (none at FPL), respectively, in cash, and $111 million (none at FPL) and $66 million (none at FPL), respectively, in the form of letters of credit, each of which could be applied toward the collateral requirements described above. FPL and NEECH have capacity under their credit facilities generally in excess of the collateral requirements described above that would be available to support, among other things, derivative activities. Under the terms of the credit facilities, maintenance of a specific credit rating is not a condition to drawing on these credit facilities, although there are other conditions to drawing on these credit facilities. Additionally, some contracts contain certain adequate assurance provisions whereby a counterparty may demand additional collateral based on subjective events and/or conditions. Due to the subjective nature of these provisions, NEE and FPL are unable to determine an exact value for these items and they are not included in any of the quantitative disclosures above.

Non-Derivative Fair Value Measu

Non-Derivative Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Non-derivative fair value measurements consist of NEE’s and FPL’s cash equivalents and restricted cash equivalents, special use funds and other investments. The fair value of these financial assets is determined by using the valuation techniques and inputs as described in Note 2 – Fair Value Measurements of Derivative Instruments as well as below. Cash Equivalents and Restricted Cash Equivalents - NEE and FPL hold investments in money market funds. The fair value of these funds is estimated using a market approach based on current observable market prices. Special Use Funds and Other Investments - NEE and FPL hold primarily debt and equity securities directly, as well as indirectly through commingled funds. Substantially all directly held equity securities are valued at their quoted market prices. For directly held debt securities, multiple prices and price types are obtained from pricing vendors whenever possible, which enables cross-provider validations. A primary price source is identified based on asset type, class or issue of each security. Commingled funds, which are similar to mutual funds, are maintained by banks or investment companies and hold certain investments in accordance with a stated set of objectives. The fair value of commingled funds is primarily derived from the quoted prices in active markets of the underlying securities. Because the fund shares are offered to a limited group of investors, they are not considered to be traded in an active market. Recurring Non-Derivative Fair Value Measurements - NEE's and FPL's financial assets and other fair value measurements made on a recurring basis by fair value hierarchy level are as follows: March 31, 2021 Level 1 Level 2 Level 3 Total (millions) Assets: Cash equivalents and restricted cash equivalents: (a) NEE - equity securities $ 699 $ — $ — $ 699 FPL - equity securities $ 97 $ — $ — $ 97 Special use funds: (b) NEE: Equity securities $ 2,329 $ 2,650 (c) $ — $ 4,979 U.S. Government and municipal bonds $ 712 $ 63 $ — $ 775 Corporate debt securities $ 1 $ 829 $ — $ 830 Mortgage-backed securities $ — $ 434 $ — $ 434 Other debt securities $ — $ 139 $ — $ 139 FPL: Equity securities $ 791 $ 2,405 (c) $ — $ 3,196 U.S. Government and municipal bonds $ 558 $ 47 $ — $ 605 Corporate debt securities $ — $ 618 $ — $ 618 Mortgage-backed securities $ — $ 328 $ — $ 328 Other debt securities $ — $ 126 $ — $ 126 Other investments: (d) NEE: Equity securities $ 70 $ — $ — $ 70 Debt securities $ 104 $ 120 $ 15 $ 239 FPL - equity securities $ 12 $ — $ — $ 12 ——————————————— (a) Includes restricted cash equivalents of approximately $85 million ($84 million for FPL) in current other assets and $9 million ($9 million for FPL) in noncurrent other assets on the condensed consolidated balance sheets. (b) Excludes investments accounted for under the equity method and loans not measured at fair value on a recurring basis. See Fair Value of Financial Instruments Recorded at Other than Fair Value below. (c) Primarily invested in commingled funds whose underlying securities would be Level 1 if those securities were held directly by NEE or FPL. (d) Included in noncurrent other assets on NEE's and FPL's condensed consolidated balance sheets. December 31, 2020 Level 1 Level 2 Level 3 Total (millions) Assets: Cash equivalents and restricted cash equivalents: (a) NEE - equity securities $ 742 $ — $ — $ 742 FPL - equity securities $ 137 $ — $ — $ 137 Special use funds: (b) NEE: Equity securities $ 2,237 $ 2,489 (c) $ — $ 4,726 U.S. Government and municipal bonds $ 590 $ 127 $ — $ 717 Corporate debt securities $ 1 $ 870 $ — $ 871 Mortgage-backed securities $ — $ 422 $ — $ 422 Other debt securities $ — $ 124 $ — $ 124 FPL: Equity securities $ 752 $ 2,260 (c) $ — $ 3,012 U.S. Government and municipal bonds $ 449 $ 87 $ — $ 536 Corporate debt securities $ — $ 627 $ — $ 627 Mortgage-backed securities $ — $ 335 $ — $ 335 Other debt securities $ — $ 119 $ — $ 119 Other investments: (d) NEE: Equity securities $ 62 $ — $ — $ 62 Debt securities $ 91 $ 127 $ — $ 218 FPL - equity securities $ 12 $ — $ — $ 12 ——————————————— (a) Includes restricted cash equivalents of approximately $111 million ($91 million for FPL) in current other assets and $42 million ($42 million for FPL) in noncurrent other assets on the condensed consolidated balance sheets. (b) Excludes investments accounted for under the equity method and loans not measured at fair value on a recurring basis. See Fair Value of Financial Instruments Recorded at Other than Fair Value below. (c) Primarily invested in commingled funds whose underlying securities would be Level 1 if those securities were held directly by NEE or FPL. (d) Included in noncurrent other assets on NEE's and FPL's condensed consolidated balance sheets. Contingent Consideration - At March 31, 2021, NEER had approximately $264 million of contingent consideration liabilities which are included in noncurrent other liabilities on NEE's condensed consolidated balance sheet. The liabilities relate to contingent consideration for the completion of capital expenditures for future development projects in connection with the acquisition of GridLiance Holdco, LP and GridLiance GP, LLC (see Note 5 - GridLiance). NEECH guarantees the contingent consideration obligations under the GridLiance acquisition agreements. Significant inputs and assumptions used in the fair value measurement, some of which are Level 3 and require judgement, include the projected timing and amount of future cash flows, estimated probability of completing future development projects as well as discount rates. Fair Value of Financial Instruments Recorded at Other than Fair Value - The carrying amounts of commercial paper and other short-term debt approximate their fair values. The carrying amounts and estimated fair values of other financial instruments recorded at other than fair value are as follows: March 31, 2021 December 31, 2020 Carrying Estimated Carrying Estimated (millions) NEE: Special use funds (a) $ 853 $ 854 $ 919 $ 920 Other investments (b) $ 28 $ 28 $ 29 $ 29 Long-term debt, including current portion $ 49,902 $ 53,173 (c) $ 46,082 $ 51,525 (c) FPL: Special use funds (a) $ 644 $ 645 $ 718 $ 719 Long-term debt, including current portion $ 17,421 $ 19,859 (c) $ 17,236 $ 21,178 (c) ——————————————— (a) Primarily represents investments accounted for under the equity method and loans not measured at fair value on a recurring basis (Level 2). (b) Included in noncurrent other assets on NEE's condensed consolidated balance sheets. (c) At March 31, 2021 and December 31, 2020, substantially all is Level 2 for NEE and FPL. Special Use Funds - The special use funds noted above and those carried at fair value (see Recurring Non-Derivative Fair Value Measurements above) consist of NEE's nuclear decommissioning fund assets of approximately $7,934 million and $7,703 million at March 31, 2021 and December 31, 2020, respectively ($5,441 million and $5,271 million, respectively, for FPL), and FPL's storm fund assets of $76 million and $76 million at March 31, 2021 and December 31, 2020, respectively. The investments held in the special use funds consist of equity and available for sale debt securities which are primarily carried at estimated fair value. The amortized cost of debt securities is approximately $2,134 million and $2,009 million at March 31, 2021 and December 31, 2020, respectively ($1,642 million and $1,521 million, respectively, for FPL). Debt securities included in the nuclear decommissioning funds have a weighted-average maturity at March 31, 2021 of approximately eight years at both NEE and FPL. FPL's storm fund primarily consists of debt securities with a weighted-average maturity at March 31, 2021 of approximately one year. The cost of securities sold is determined using the specific identification method. Effective January 1, 2020, NEE and FPL adopted an accounting standards update that provides a modified version of the other than temporary impairment model for debt securities. The new available for sale debt security impairment model no longer allows consideration of the length of time during which the fair value has been less than its amortized cost basis when determining whether a credit loss exists. Credit losses are required to be presented as an allowance rather than as a write-down on securities not intended to be sold or required to be sold. NEE and FPL adopted this model prospectively. See Note 11 - Measurement of Credit Losses on Financial Instruments. For FPL's special use funds, changes in fair value of debt and equity securities, including any estimated credit losses of debt securities, result in a corresponding adjustment to the related regulatory asset or liability accounts, consistent with regulatory treatment. For NEE's non-rate regulated operations, changes in fair value of debt securities result in a corresponding adjustment to OCI, except for estimated credit losses and unrealized losses on debt securities intended or required to be sold prior to recovery of the amortized cost basis, which are recognized in other - net in NEE's condensed consolidated statements of income. Changes in fair value of equity securities are recorded in change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds - net in NEE’s condensed consolidated statements of income. Unrealized gains (losses) recognized on equity securities held at March 31, 2021 and 2020 are as follows: NEE FPL Three Months Ended March 31, Three Months Ended March 31, 2021 2020 2021 2020 (millions) Unrealized gains (losses) $ 247 $ (808) $ 161 $ (502) Realized gains and losses and proceeds from the sale or maturity of available for sale debt securities are as follows: NEE FPL Three Months Ended March 31, Three Months Ended March 31, 2021 2020 2021 2020 (millions) Realized gains $ 18 $ 30 $ 12 $ 25 Realized losses $ 14 $ 17 $ 13 $ 15 Proceeds from sale or maturity of securities $ 548 $ 738 $ 390 $ 607 The unrealized gains and unrealized losses on available for sale debt securities and the fair value of available for sale debt securities in an unrealized loss position are as follows: NEE FPL March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 (millions) Unrealized gains $ 72 $ 134 $ 56 $ 104 Unrealized losses (a) $ 29 $ 9 $ 21 $ 9 Fair value $ 747 $ 201 $ 537 $ 150 ——————————————— (a) Unrealized losses on available for sale debt securities in an unrealized loss position for greater than twelve months at March 31, 2021 and December 31, 2020 were not material to NEE or FPL. Regulations issued by the FERC and the NRC provide general risk management guidelines to protect nuclear decommissioning funds and to allow such funds to earn a reasonable return. The FERC regulations prohibit, among other investments, investments in any securities of NEE or its subsidiaries, affiliates or associates, excluding investments tied to market indices or mutual funds. Similar restrictions applicable to the decommissioning funds for NEER's nuclear plants are included in the NRC operating licenses for those facilities or in NRC regulations applicable to NRC licensees not in cost-of-service environments. With respect to the decommissioning fund for Seabrook, decommissioning fund contributions and withdrawals are also regulated by the New Hampshire Nuclear Decommissioning Financing Committee pursuant to New Hampshire law. The nuclear decommissioning reserve funds are managed by investment managers who must comply with the guidelines of NEE and FPL and the rules of the applicable regulatory authorities. The funds' assets are invested giving consideration to taxes, liquidity, risk, diversification and other prudent investment objectives.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes NEE's effective income tax rate for the three months ended March 31, 2021 and 2020 was approximately 14.3% and (321.9)%, respectively. NEE's effective income tax rate is based on the composition of pre-tax income and, for the three months ended March 31, 2020, primarily reflects the impact of unfavorable changes in the fair value of interest rate derivative instruments and equity securities held in NEER's nuclear decommissioning funds, and the gain on the sale of the Spain solar projects that was not taxable for federal and state income tax purposes (see Note 11 - Disposal of a Business). State income taxes for the three months ended March 31, 2021 reflect state tax benefits associated with financial impacts from the severe prolonged winter weather in Texas in February 2021. A reconciliation between the effective income tax rates and the applicable statutory rate is as follows: NEE FPL Three Months Ended March 31, Three Months Ended March 31, 2021 2020 2021 2020 Statutory federal income tax rate 21.0 % 21.0 % 21.0 % 21.0 % Increases (reductions) resulting from: State income taxes - net of federal income tax benefit 0.8 (61.0) 4.4 4.3 Taxes attributable to noncontrolling interests 2.0 32.7 — — PTCs and ITCs - NEER (5.0) (86.5) — — Amortization of deferred regulatory credit (1.9) (55.5) (3.4) (4.8) Foreign operations 0.2 (76.9) — — Other - net (2.8) (95.7) (0.8) (2.7) Effective income tax rate 14.3 % (321.9) % 21.2 % 17.8 % NEE recognizes PTCs as wind energy is generated and sold based on a per kWh rate prescribed in applicable federal and state statutes, which may differ significantly from amounts computed, on a quarterly basis, using an overall effective income tax rate anticipated for the full year. NEE uses this method of recognizing PTCs for specific reasons, including that PTCs are an integral part of the expected value of most wind projects and a fundamental component of such wind projects' results of operations. PTCs, as well as ITCs, can significantly affect NEE's effective income tax rate depending on the amount of pretax income. The amount of PTCs recognized can be significantly affected by wind generation and by the roll off of PTCs after ten years of production.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
Acquisitions	Acquisitions Merger of FPL and Gulf Power Company - On January 1, 2021, FPL and Gulf Power Company merged, with FPL as the surviving entity. However, FPL will continue to be regulated as two separate ratemaking entities until the FPSC approves consolidation of the FPL segment and Gulf Power rates and tariffs. The FPL segment and Gulf Power will continue to be separate operating segments of NEE as well as FPL through 2021. See Note 13. As a result of the merger, FPL acquired assets of approximately $6.7 billion, primarily relating to property, plant and equipment of approximately $4.9 billion and regulatory assets of $1.2 billion, and assumed liabilities of approximately $3.9 billion, including $1.8 billion of debt, primarily long-term debt, $729 million of deferred income taxes and $566 million of regulatory liabilities. Additionally, goodwill of approximately $2.7 billion and purchase accounting adjustments associated with the 2019 Gulf Power Company acquisition by NEE were transferred to FPL from NEE Corporate and Other. The assets acquired and liabilities assumed by FPL were at carrying amounts as the merger was between entities under common control. GridLiance - On March 31, 2021, a wholly owned subsidiary of NEET acquired GridLiance Holdco, LP and GridLiance GP, LLC (GridLiance), which owns and operates three FERC-regulated transmission utilities with approximately 700 miles of high-voltage transmission lines across six states, five in the Midwest and Nevada. The purchase price included approximately $502 million in cash consideration, and the assumption of approximately $175 million of debt, excluding post-closing adjustments.

NEP

NEP	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NEP	NEP NextEra Energy Resources provides management, administrative and transportation and fuel management services to NEP and its subsidiaries under various agreements (service agreements). NextEra Energy Resources is also party to a cash sweep and credit support (CSCS) agreement with a subsidiary of NEP. At March 31, 2021 and December 31, 2020, the cash sweep amounts (due to NEP and its subsidiaries) held in accounts belonging to NextEra Energy Resources or its subsidiaries were approximately $84 million and $10 million, respectively, and are included in accounts payable. Fee income related to the CSCS agreement and the service agreements totaled approximately $33 million and $28 million for the three months ended March 31, 2021 and 2020, respectively, and is included in operating revenues in NEE's condensed consolidated statements of income. Amounts due from NEP of approximately $68 million and $68 million are included in other receivables and $33 million and $32 million are included in noncurrent other assets at March 31, 2021 and December 31, 2020, respectively. Under the CSCS agreement, NEECH or NextEra Energy Resources guaranteed or provided indemnifications, letters of credit or surety bonds totaling approximately $577 million at March 31, 2021 primarily related to obligations on behalf of NEP's subsidiaries with maturity dates ranging from 2021 to 2059 and included certain project performance obligations, obligations under financing and interconnection agreements and obligations related to the sale of differential membership interests. Payment guarantees and related contracts with respect to unconsolidated entities for which NEE or one of its subsidiaries are the guarantor are recorded on NEE’s condensed consolidated balance sheets at fair value. At March 31, 2021, approximately $32 million related to the fair value of the credit support provided under the CSCS agreement is recorded as noncurrent other liabilities on NEE's condensed consolidated balance sheet. Summarized financial information of NEP is as follows: Three Months Ended March 31, 2021 2020 (millions) Operating revenues $ 246 $ 212 Operating income $ 78 $ 49 Net income (loss) $ 571 $ (720) Net income (loss) attributable to NEP $ 202 $ (222)

Variable Interest Entities (VIE

Variable Interest Entities (VIEs)	3 Months Ended
	Mar. 31, 2021
Variable Interest Entities [Abstract]
Variable Interest Entities (VIEs)	Variable Interest Entities (VIEs) NEER - At March 31, 2021, NEE consolidates 40 VIEs within the NEER segment. Subsidiaries within the NEER segment are considered the primary beneficiary of these VIEs since they control the most significant activities of these VIEs, including operations and maintenance, and they have the obligation to absorb expected losses of these VIEs. NextEra Energy Resources consolidates two VIEs, which own and operate natural gas electric generation facilities with the capability of producing 1,450 MW. These entities sell their electric output to third parties under power sales contracts with expiration dates in 2021 and 2031. The power sales contracts provide the offtaker the ability to dispatch the facilities and require the offtaker to absorb the cost of fuel. The assets and liabilities of these VIEs were approximately $184 million and $24 million, respectively, at March 31, 2021 and $188 million and $22 million, respectively, at December 31, 2020. At March 31, 2021 and December 31, 2020, the assets of these VIEs consisted primarily of property, plant and equipment. Three indirect subsidiaries of NextEra Energy Resources have an approximately 50% ownership interest in five entities which own and operate solar photovoltaic (PV) facilities with the capability of producing a total of approximately 409 MW. Each of the three subsidiaries is considered a VIE since the non-managing members have no substantive rights over the managing members, and is consolidated by NextEra Energy Resources. These five entities sell their electric output to third parties under power sales contracts with expiration dates ranging from 2035 through 2042. The five entities have third-party debt which is secured by liens against the assets of the entities. The debt holders have no recourse to the general credit of NextEra Energy Resources for the repayment of debt. The assets and liabilities of these VIEs were approximately $756 million and $573 million, respectively, at March 31, 2021 and $751 million and $607 million, respectively, at December 31, 2020. At March 31, 2021 and December 31, 2020, the assets and liabilities of these VIEs consisted primarily of property, plant and equipment and long-term debt. NEE consolidates a NEET VIE that is constructing an approximately 280-mile electricity transmission line. A NEET subsidiary is the primary beneficiary and controls the most significant activities during the construction period, including controlling the construction budget. NEET is entitled to receive 50% of the profits and losses of the entity. The assets and liabilities of the VIE totaled approximately $501 million and $91 million, respectively, at March 31, 2021, and $423 million and $68 million, respectively, at December 31, 2020. At March 31, 2021 and December 31, 2020, the assets and liabilities of this VIE consisted primarily of property, plant and equipment and accounts payable. NextEra Energy Resources consolidates a VIE which has a 10% direct ownership interest in wind generation facilities and solar PV facilities which have the capacity of producing approximately 400 MW and 599 MW, respectively. These entities sell their electric output under power sales contracts to third parties with expiration dates ranging from 2025 through 2040. These entities are also considered a VIE because the holders of differential membership interests in these entities do not have substantive rights over the significant activities of these entities. The assets and liabilities of the VIE were approximately $1.6 billion and $0.1 billion, respectively, at March 31, 2021, and $1.6 billion and $0.4 billion, respectively, at December 31, 2020. At March 31, 2021 and December 31, 2020, the assets and liabilities of this VIE consisted primarily of property, plant and equipment and accounts payable. The other 33 NextEra Energy Resources VIEs that are consolidated relate to certain subsidiaries which have sold differential membership interests in entities which own and operate wind electric generation and solar PV facilities with the capability of producing a total of approximately 10,513 MW and 778 MW, respectively. These entities sell their electric output either under power sales contracts to third parties with expiration dates ranging from 2024 through 2053 or in the spot market. These entities are considered VIEs because the holders of differential membership interests do not have substantive rights over the significant activities of these entities. NextEra Energy Resources has financing obligations with respect to these entities, including third-party debt which is secured by liens against the generation facilities and the other assets of these entities or by pledges of NextEra Energy Resources' ownership interest in these entities. The debt holders have no recourse to the general credit of NEER for the repayment of debt. The assets and liabilities of these VIEs totaled approximately $16.2 billion and $1.4 billion, respectively, at March 31, 2021, and $16.2 billion and $1.7 billion, respectively, at December 31, 2020. At March 31, 2021 and December 31, 2020, the assets and liabilities of these VIEs consisted primarily of property, plant and equipment and accounts payable. Other - At March 31, 2021 and December 31, 2020, several NEE subsidiaries had investments totaling approximately $4,025 million ($3,399 million at FPL) and $3,704 million ($3,124 million at FPL), respectively, which are included in special use funds and noncurrent other assets on NEE's condensed consolidated balance sheets and in special use funds on FPL's condensed consolidated balance sheets. These investments represented primarily commingled funds and mortgage-backed securities. NEE subsidiaries, including FPL, are not the primary beneficiaries and therefore do not consolidate any of these entities because they do not control any of the ongoing activities of these entities, were not involved in the initial design of these entities and do not have a controlling financial interest in these entities. Certain subsidiaries of NEE have noncontrolling interests in entities accounted for under the equity method, including NEE's noncontrolling interest in NEP OpCo. These entities are limited partnerships or similar entity structures in which the limited partners or non-managing members do not have substantive rights over the significant activities of these entities, and therefore are considered VIEs. NEE is not the primary beneficiary because it does not have a controlling financial interest in these entities, and therefore does not consolidate any of these entities. NEE’s investment in these entities totaled approximately $4,267 million and $3,932 million at March 31, 2021 and December 31, 2020, respectively. At March 31, 2021, subsidiaries of NEE had commitments to invest additional amounts in five of the entities. Such commitments are included in the NEER amounts in the table in Note 12 - Contracts.

Employee Retirement Benefits

Employee Retirement Benefits	3 Months Ended
	Mar. 31, 2021
Retirement Benefits [Abstract]
Employee Retirement Benefits	Employee Retirement Benefits NEE sponsors a qualified noncontributory defined benefit pension plan for substantially all employees of NEE and its subsidiaries and sponsors a contributory postretirement plan for other benefits for retirees of NEE and its subsidiaries meeting certain eligibility requirements. The components of net periodic income for the plans are as follows: Pension Benefits Postretirement Benefits Three Months Ended March 31, Three Months Ended March 31, 2021 2020 2021 2020 (millions) Service cost $ 22 $ 21 $ 1 $ — Interest cost 16 23 1 2 Expected return on plan assets (85) (80) — — Amortization of actuarial loss 6 4 1 1 Amortization of prior service benefit — — (4) (4) Special termination benefits (a) — 2 — — Net periodic income at NEE $ (41) $ (30) $ (1) $ (1) Net periodic income allocated to FPL $ (27) $ (21) $ (1) $ (1) _________________________ (a) Reflects enhanced early retirement benefit.

Debt

Debt	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Debt	Debt Significant long-term debt issuances and borrowings during the three months ended March 31, 2021 were as follows: Principal Amount Interest Rate Maturity Date (millions) FPL: Senior unsecured notes $ 184 Variable (a)(b) 2071 NEECH: Debentures $ 2,150 Variable (a) 2023 Debentures $ 2,000 0.65 % 2023 Term loan $ 200 Variable (a) 2024 ——————————————— (a) Variable rate is based on an underlying index plus or minus a specified margin. (b) Allows individual noteholders to require repayment at specified dates prior to maturity. See Note 5 - Merger of FPL and Gulf Power Company and - GridLiance regarding the assumption of debt during the quarter ended March 31, 2021.

Equity

Equity	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Equity	Equity Earnings Per Share - The reconciliation of NEE's basic and diluted earnings per share attributable to NEE is as follows: Three Months Ended March 31, 2021 2020 (millions, except per share amounts) Numerator - net income attributable to NEE (a) $ 1,666 $ 421 Denominator: Weighted-average number of common shares outstanding - basic 1,961.6 1,957.0 Equity units, stock options, performance share awards and restricted stock (b) 11.4 10.0 Weighted-average number of common shares outstanding - assuming dilution 1,973.0 1,967.0 Earnings per share attributable to NEE: Basic $ 0.85 $ 0.21 Assuming dilution $ 0.84 $ 0.21 ——————————————— (a) The NEP Series A convertible preferred units and the NEP senior unsecured convertible notes issued in 2017 were both antidilutive for the three months ended March 31, 2020. The NEP senior unsecured convertible notes issued in 2020 were not materially dilutive for the three months ended March 31, 2021. (b) Calculated using the treasury stock method. Performance share awards are included in diluted weighted-average number of common shares outstanding based upon what would be issued if the end of the reporting period was the end of the term of the award. Common shares issuable pursuant to equity units, stock options and/or performance share awards, as well as restricted stock which were not included in the denominator above due to their antidilutive effect were approximately 58.4 million and 24.7 million for the three months ended March 31, 2021 and 2020, respectively. On September 14, 2020, NEE's board of directors approved a four-for-one split of NEE common stock effective October 26, 2020. NEE's authorized common stock increased from 800 million to 3.2 billion shares. Prior year's share and share-based data included in NEE's condensed consolidated financial statements have been retrospectively adjusted to reflect the 2020 stock split. Accumulated Other Comprehensive Income (Loss) - The components of AOCI, net of tax, are as follows: Accumulated Other Comprehensive Income (Loss) Net Unrealized Gains (Losses) on Cash Flow Hedges Net Unrealized Gains (Losses) on Available for Sale Securities Defined Benefit Pension and Other Benefits Plans Net Unrealized Gains (Losses) on Foreign Currency Translation Other Comprehensive Income (Loss) Related to Equity Method Investees Total (millions) Three Months Ended March 31, 2021 Balances, December 31, 2020 $ 8 $ 20 $ (75) $ (49) $ 4 $ (92) Other comprehensive income (loss) before reclassifications — (8) — 6 — (2) Amounts reclassified from AOCI 2 (a) (3) (b) 1 (c) — — — Net other comprehensive income (loss) 2 (11) 1 6 — (2) Less other comprehensive income (loss) attributable to noncontrolling interests — — — (2) — (2) Balances, March 31, 2021 $ 10 $ 9 $ (74) $ (45) $ 4 $ (96) Attributable to noncontrolling interests $ — $ — $ — $ 2 $ — $ 2 Attributable to NEE $ 10 $ 9 $ (74) $ (47) $ 4 $ (98) ——————————————— (a) Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 2 - Income Statement Impact of Derivative Instruments. (b) Reclassified to gains on disposal of investments and other property - net in NEE's condensed consolidated statements of income. (c) Reclassified to other net periodic benefit income in NEE's condensed consolidated statements of income. Accumulated Other Comprehensive Income (Loss) Net Unrealized Gains (Losses) on Cash Flow Hedges Net Unrealized Gains (Losses) on Available for Sale Securities Defined Benefit Pension and Other Benefits Plans Net Unrealized Gains (Losses) on Foreign Currency Translation Other Comprehensive Income (Loss) Related to Equity Method Investees Total (millions) Three Months Ended March 31, 2020 Balances, December 31, 2019 $ (27) $ 11 $ (114) $ (42) $ 3 $ (169) Other comprehensive income (loss) before reclassifications — (8) — (35) — (43) Amounts reclassified from AOCI 2 (a) (1) (b) 3 (c) — — 4 Net other comprehensive income (loss) 2 (9) 3 (35) — (39) Impact of disposal of a business 23 (d) — — (13) (d) — 10 Balances, March 31, 2020 $ (2) $ 2 $ (111) $ (90) $ 3 $ (198) Attributable to noncontrolling interests $ — $ — $ — $ (6) $ — $ (6) Attributable to NEE $ (2) $ 2 $ (111) $ (84) $ 3 $ (192) ——————————————— (a) Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 2 - Income Statement Impact of Derivative Instruments. (b) Reclassified to gains on disposal of investments and other property - net in NEE's condensed consolidated statements of income. (c) Reclassified to other net periodic benefit income in NEE's condensed consolidated statements of income. (d) Reclassified to gains on disposal of businesses/assets - net and interest expense in NEE's condensed consolidated statements of income. See Note 2 - Income Statement Impact of Derivative Instruments. See Note 11 - Disposal of a Business.

Summary of Significant Accounti

Summary of Significant Accounting and Reporting Policies	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting and Reporting Policies	Summary of Significant Accounting and Reporting Policies FPL 2021 Base Rate Proceeding - On March 12, 2021, FPL filed a petition with the FPSC requesting, among other things, approval of a four four four four four four two two Regulatory Assets of Gulf Power - In March 2021, the FPSC approved a request to establish regulatory assets of approximately $462 million for the unrecovered investment in Plant Crist and to defer the recovery of the regulatory assets until base rates are reset in the general base rate proceeding discussed above. The amount and recovery period are subject to FPSC prudence review. In March 2021, the FPSC approved a request to begin recovering eligible storm restoration costs, which are currently estimated at approximately $187 million, related to Hurricane Sally through an interim surcharge effective March 2, 2021, with the amount collected subject to refund based on an FPSC prudence review. Restricted Cash - At March 31, 2021 and December 31, 2020, NEE had approximately $703 million ($94 million for FPL) and $441 million ($135 million for FPL), respectively, of restricted cash, of which approximately $669 million ($84 million for FPL) and $374 million ($93 million for FPL), respectively, is included in current other assets and the remaining balance is included in noncurrent other assets on NEE's and FPL's condensed consolidated balance sheets. Restricted cash is primarily related to debt service payments, bond proceeds held for construction at FPL and margin cash collateral requirements. In addition, where offsetting positions exist, restricted cash related to margin cash collateral of $60 million is netted against derivative assets and $45 million is netted against derivative liabilities at March 31, 2021 and $183 million is netted against derivative assets and $136 million is netted against derivative liabilities at December 31, 2020. See Note 2. Disposal of a Business - In February 2020, a subsidiary of NextEra Energy Resources completed the sale of its ownership interest in two solar generation facilities located in Spain with a total generating capacity of 99.8 MW, which resulted in net cash proceeds of approximately €111 million (approximately $121 million). In connection with the sale, a gain of approximately $260 million (pretax and after tax) was recorded in NEE's condensed consolidated statements of income for the three months ended March 31, 2020 and is included in gains on disposal of businesses/assets - net. Allowance for Doubtful Accounts and Bad Debt - FPL maintains an accumulated provision for uncollectible customer accounts receivable that is estimated using a percentage, derived from historical revenue and write-off trends, of the previous four months of revenue and includes estimates of credit and other losses based on both current events and forecasts. NEER regularly reviews collectibility of its receivables and establishes a provision for losses estimated as a percentage of accounts receivable based on the historical bad debt write-off trends for its retail electricity provider operations, as well as includes estimates for credit and other losses based on both current events and forecasts. When necessary, NEER uses the specific identification method for all other receivables. Credit Losses - NEE's credit department monitors current and forward credit exposure to counterparties and their affiliates. Prospective and existing customers are reviewed for creditworthiness based on established standards and credit quality indicators. Credit quality indicators and standards that are closely monitored include credit ratings, certain financial ratios and delinquency trends which are based off the latest available information. Customers not meeting minimum standards provide various credit enhancements or secured payment terms, such as letters of credit, the posting of margin cash collateral or use of master netting arrangements. For the three months ended March 31, 2021 and 2020, NEE recorded approximately $152 million and $11 million of bad debt expense, including credit losses, which are included in other operations and maintenance in NEE’s condensed consolidated statements of income. The amount for the three months ended March 31, 2021 primarily relates to credit losses at NEER driven by the operational and energy market impacts of severe prolonged winter weather in Texas in February 2021. The estimate for credit losses related to the impacts of the weather event was developed based on NEE’s assessment of the ultimate collectability of these receivables under potential workout scenarios. Measurement of Credit Losses on Financial Instruments - Effective January 1, 2020, NEE and FPL adopted an accounting standards update that provides for a new methodology, the current expected credit loss (CECL) model, to account for credit losses for certain financial assets measured at amortized cost. On January 1, 2020, NEE recorded a reduction to retained earnings of approximately $11 million representing the cumulative effect of adopting the new standards update, which primarily related to the impact of applying the CECL model to NEER's receivables. The impact of adopting the new standards update was not material to FPL. See also Note 3 - Special Use Funds. Property Plant and Equipment - Property, plant and equipment consists of the following: NEE FPL March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 (millions) Electric plant in service and other property $ 107,395 $ 105,860 $ 64,018 $ 62,963 Nuclear fuel 1,657 1,604 1,178 1,143 Construction work in progress 12,192 10,639 5,561 5,361 Property, plant and equipment, gross 121,244 118,103 70,757 69,467 Accumulated depreciation and amortization (26,940) (26,300) (15,839) (15,588) Property, plant and equipment – net $ 94,304 $ 91,803 $ 54,918 $ 53,879

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments - NEE and its subsidiaries have made commitments in connection with a portion of their projected capital expenditures. Capital expenditures for the FPL segment and Gulf Power include, among other things, the cost for construction of additional facilities and equipment to meet customer demand, as well as capital improvements to and maintenance of existing facilities. At NEER, capital expenditures include, among other things, the cost, including capitalized interest, for construction and development of wind and solar projects, the procurement of nuclear fuel and the cost to maintain existing rate-regulated transmission facilities, as well as equity contributions to joint ventures for the development and construction of natural gas pipeline assets and a rate-regulated transmission facility. Also see Note 3 - Contingent Consideration. At March 31, 2021, estimated capital expenditures for the remainder of 2021 through 2025 for which applicable internal approvals (and also, if required, regulatory approvals such as FPSC approvals) have been received were as follows: Remainder of 2021 2022 2023 2024 2025 Total (millions) FPL Segment: Generation: (a) New (b) $ 640 $ 880 $ 1,030 $ 1,050 $ 760 $ 4,360 Existing 880 1,155 1,005 945 695 4,680 Transmission and distribution (c) 3,035 3,665 3,575 3,925 4,300 18,500 Nuclear fuel 185 170 120 145 145 765 General and other 600 760 750 645 795 3,550 Total $ 5,340 $ 6,630 $ 6,480 $ 6,710 $ 6,695 $ 31,855 Gulf Power $ 705 $ 695 $ 625 $ 685 $ 685 $ 3,395 NEER: Wind (d) $ 1,755 $ 75 $ 30 $ 30 $ 20 $ 1,910 Solar (e) 1,445 660 190 10 10 2,315 Battery storage 195 — — — — 195 Nuclear, including nuclear fuel 190 190 145 190 200 915 Natural gas pipelines (f) 360 150 5 — — 515 Rate-regulated transmission 175 100 20 15 30 340 Other 580 115 100 75 65 935 Total $ 4,700 $ 1,290 $ 490 $ 320 $ 325 $ 7,125 ——————————————— (a) Includes AFUDC of approximately $60 million, $50 million, $35 million, $35 million and $25 million for the remainder of 2021 through 2025, respectively. (b) Includes land, generation structures, transmission interconnection and integration and licensing. (c) Includes AFUDC of approximately $40 million, $50 million, $40 million, $55 million and $45 million for the remainder of 2021 through 2025, respectively. (d) Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 2,509 MW. (e) Includes capital expenditures for new solar projects and related transmission totaling approximately 2,866 MW. (f) Construction of natural gas pipelines are subject to certain conditions, including applicable regulatory approvals and in certain cases the resolution of legal challenges. The above estimates are subject to continuing review and adjustment and actual capital expenditures may vary significantly from these estimates. In addition to guarantees noted in Note 6 with regards to NEP, NEECH has guaranteed or provided indemnifications or letters of credit related to third parties, including certain obligations of investments in joint ventures accounted for under the equity method, totaling approximately $288 million at March 31, 2021. These obligations primarily related to guaranteeing the residual value of a financing lease. Payment guarantees and related contracts with respect to unconsolidated entities for which NEE or one of its subsidiaries are the guarantor are recorded at fair value and are included in noncurrent other liabilities on NEE’s condensed consolidated balance sheets. Management believes that the exposure associated with these guarantees is not material. Contracts - In addition to the commitments made in connection with the estimated capital expenditures included in the table in Commitments above, FPL has firm commitments under long-term contracts primarily for the transportation of natural gas with expiration dates through 2042. At March 31, 2021, NEER has entered into contracts with expiration dates ranging from late April 2021 through 2033 primarily for the purchase of wind turbines, wind towers and solar modules and related construction and development activities, as well as for the supply of uranium, and the conversion, enrichment and fabrication of nuclear fuel, and has made commitments for the construction of natural gas pipelines and a rate-regulated transmission facility. Approximately $4.2 billion of related commitments are included in the estimated capital expenditures table in Commitments above. In addition, NEER has contracts primarily for the transportation and storage of natural gas with expiration dates ranging from late April 2021 through 2042. The required capacity and/or minimum payments under contracts, including those discussed above, at March 31, 2021 were estimated as follows: Remainder of 2021 2022 2023 2024 2025 Thereafter (millions) FPL (a) $ 780 $ 970 $ 955 $ 940 $ 890 $ 9,365 NEER (b)(c)(d) $ 3,430 $ 955 $ 210 $ 210 $ 140 $ 1,785 ——————————————— (a) Includes approximately $315 million, $415 million, $410 million, $410 million, $405 million and $6,360 million for the remainder of 2021 through 2025 and thereafter, respectively, of firm commitments related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection. The charges associated with these agreements are recoverable through the fuel clause and totaled approximately $103 million and $79 million for the three months ended March 31, 2021 and 2020, respectively, of which $26 million and $27 million, respectively, were eliminated in consolidation at NEE. (b) Includes approximately $25 million, $70 million, $70 million, $70 million and $1,155 million for 2022 through 2025 and thereafter, respectively, of firm commitments related to a natural gas transportation agreement with a joint venture, in which NEER has a 31.5% equity investment, that is constructing a natural gas pipeline. These firm commitments are subject to the completion of construction of the pipeline, which is currently estimated to be in 2022. (c) Includes approximately $50 million of commitments to invest in technology investments through 2029. (d) Includes approximately $580 million, $10 million, $10 million, $10 million and $5 million for the remainder of 2021 through 2025, respectively, of joint obligations of NEECH and NEER. Insurance - Liability for accidents at nuclear power plants is governed by the Price-Anderson Act, which limits the liability of nuclear reactor owners to the amount of insurance available from both private sources and an industry retrospective payment plan. In accordance with this Act, NEE maintains $450 million of private liability insurance per site, which is the maximum obtainable, and participates in a secondary financial protection system, which provides up to $13.2 billion of liability insurance coverage per incident at any nuclear reactor in the U.S. Under the secondary financial protection system, NEE is subject to retrospective assessments of up to $1.1 billion ($550 million for FPL), plus any applicable taxes, per incident at any nuclear reactor in the U.S., payable at a rate not to exceed $164 million ($82 million for FPL) per incident per year. NextEra Energy Resources and FPL are contractually entitled to recover a proportionate share of such assessments from the owners of minority interests in Seabrook, Duane Arnold and St. Lucie Unit No. 2, which approximates $16 million, $41 million and $20 million, plus any applicable taxes, per incident, respectively. NEE participates in a nuclear insurance mutual company that provides $2.75 billion of limited insurance coverage per occurrence per site (other than Duane Arnold) for property damage, decontamination and premature decommissioning risks at its nuclear plants and a sublimit of $1.5 billion for non-nuclear perils,except for Duane Arnold which has a sublimit of $500 million for non-nuclear perils. NEE participates in co-insurance of 10% of the first $400 million of losses per site per occurrence. The proceeds from such insurance, however, must first be used for reactor stabilization and site decontamination before they can be used for plant repair. NEE also participates in an insurance program that provides limited coverage for replacement power costs if a nuclear plant is out of service for an extended period of time because of an accident. In the event of an accident at one of NEE's or another participating insured's nuclear plants, NEE could be assessed up to $173 million ($106 million for FPL), plus any applicable taxes, in retrospective premiums in a policy year. NextEra Energy Resources and FPL are contractually entitled to recover a proportionate share of such assessments from the owners of minority interests in Seabrook, Duane Arnold and St. Lucie Unit No. 2, which approximates $2 million, $4 million and $4 million, plus any applicable taxes, respectively. Due to the high cost and limited coverage available from third-party insurers, NEE does not have property insurance coverage for a substantial portion of either its transmission and distribution property or natural gas pipeline assets. If either the FPL segment's or Gulf Power's future storm restoration costs exceed their respective storm and property insurance reserve, such storm restoration costs may be recovered, subject to prudence review by the FPSC, through surcharges approved by the FPSC or through securitization provisions pursuant to Florida law. In the event of a loss, the amount of insurance available might not be adequate to cover property damage and other expenses incurred. Uninsured losses and other expenses, to the extent not recovered from customers in the case of the FPL segment or Gulf Power, would be borne by NEE and FPL, and could have a material adverse effect on NEE's and FPL's financial condition, results of operations and liquidity. Coronavirus Pandemic - NEE and FPL are closely monitoring the global outbreak of COVID-19 and are taking steps intended to mitigate the potential risks to NEE and FPL posed by COVID-19. NEE, including FPL, has implemented its pandemic plan, which includes putting in place various processes and procedures to limit the impact on its business, as well as the spread of the virus in its workforce. NEE and its subsidiaries, including FPL, have been able to access the capital markets. To date, there has been no material impact on NEE’s or FPL’s workforce, operations, financial performance, liquidity or on their supply chain as a result of COVID-19; however, the ultimate severity or duration of the outbreak or its effects on the global, national or local economy, the capital and credit markets, or NEE’s and FPL’s workforce, customers and suppliers are uncertain. NEE and FPL cannot predict whether COVID-19 will have a material impact on their businesses, financial condition, liquidity or results of operations.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment Information	Segment Information The tables below present information for NEE's and FPL's segments. NEE's segments include its reportable segments, the FPL segment, a rate-regulated utility business, and NEER, which is comprised of competitive energy and rate-regulated transmission businesses, as well as an operating segment of NEE, Gulf Power, a rate-regulated utility business. FPL's reportable segments include the FPL segment and Gulf Power. See Note 5 - Merger of FPL and Gulf Power Company. Corporate and Other for each of NEE and FPL represents other business activities, such as purchase accounting adjustments for Gulf Power Company, and includes eliminating entries. NEE's segment information is as follows: Three Months Ended March 31, 2021 2020 FPL Seg-ment Gulf Power NEER (a) Corporate NEE FPL Seg-ment Gulf Power NEER (a) Corporate NEE (millions) Operating revenues $ 2,623 $ 347 $ 781 $ (25) $ 3,726 $ 2,540 $ 328 $ 1,773 $ (28) $ 4,613 Operating expenses - net $ 1,580 $ 276 $ 1,172 $ 43 $ 3,071 $ 1,625 $ 270 $ 980 $ 30 $ 2,905 Net income (loss) attributable to NEE $ 720 $ 57 $ 491 (b) $ 398 $ 1,666 $ 642 $ 40 $ 318 (b) $ (579) $ 421 ——————————————— (a) Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other. (b) See Note 4 for a discussion of NEER's tax benefits related to PTCs. March 31, 2021 December 31, 2020 FPL Segment Gulf Power NEER Corporate NEE FPL Segment Gulf Power NEER Corporate NEE (millions) Total assets $ 62,708 $ 6,732 $ 59,318 $ 3,683 $ 132,441 $ 61,610 $ 6,725 $ 55,633 $ 3,716 $ 127,684 FPL's segment information is as follows: Three Months Ended March 31, 2021 2020 FPL Segment Gulf Power Corporate FPL FPL Segment Gulf Power Corporate FPL (millions) Operating revenues $ 2,623 $ 347 $ — $ 2,970 $ 2,540 $ 328 $ — $ 2,868 Operating expenses - net $ 1,580 $ 276 $ — $ 1,856 $ 1,625 $ 270 $ (1) $ 1,894 Net income $ 720 $ 57 $ — $ 777 $ 642 $ 40 $ — $ 682

Summary of Significant Accoun_2

Summary of Significant Accounting and Reporting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Derivative Instruments	NEE and FPL use derivative instruments (primarily swaps, options, futures and forwards) to manage the physical and financial risks inherent in the purchase and sale of fuel and electricity, as well as interest rate and foreign currency exchange rate risk associated primarily with outstanding and expected future debt issuances and borrowings, and to optimize the value of NEER's power generation and gas infrastructure assets. NEE and FPL do not utilize hedge accounting for their cash flow and fair value hedges. With respect to commodities related to NEE's competitive energy business, NEER employs risk management procedures to conduct its activities related to optimizing the value of its power generation and gas infrastructure assets, providing full energy and capacity requirements services primarily to distribution utilities, and engaging in power and fuel marketing and trading activities to take advantage of expected future favorable price movements and changes in the expected volatility of prices in the energy markets. These risk management activities involve the use of derivative instruments executed within prescribed limits to manage the risk associated with fluctuating commodity prices. Transactions in derivative instruments are executed on recognized exchanges or via the OTC markets, depending on the most favorable credit terms and market execution factors. For NEER's power generation and gas infrastructure assets, derivative instruments are used to hedge all or a portion of the expected output of these assets. These hedges are designed to reduce the effect of adverse changes in the wholesale forward commodity markets associated with NEER's power generation and gas infrastructure assets. With regard to full energy and capacity requirements services, NEER is required to vary the quantity of energy and related services based on the load demands of the customers served. For this type of transaction, derivative instruments are used to hedge the anticipated electricity quantities required to serve these customers and reduce the effect of unfavorable changes in the forward energy markets. Additionally, NEER takes positions in energy markets based on differences between actual forward market levels and management's view of fundamental market conditions, including supply/demand imbalances, changes in traditional flows of energy, changes in short- and long-term weather patterns and anticipated regulatory and legislative outcomes. NEER uses derivative instruments to realize value from these market dislocations, subject to strict risk management limits around market, operational and credit exposure. Derivative instruments, when required to be marked to market, are recorded on NEE's and FPL's condensed consolidated balance sheets as either an asset or liability measured at fair value. At FPL, substantially all changes in the derivatives' fair value are deferred as a regulatory asset or liability until the contracts are settled, and, upon settlement, any gains or losses are passed through the applicable fuel clause. For NEE's non-rate regulated operations, predominantly NEER, essentially all changes in the derivatives' fair value for power purchases and sales, fuel sales and trading activities are recognized on a net basis in operating revenues and the equity method investees' related activity is recognized in equity in earnings of equity method investees in NEE's condensed consolidated statements of income. Settlement gains and losses are included within the line items in the condensed consolidated statements of income to which they relate. Transactions for which physical delivery is deemed not to have occurred are presented on a net basis in the condensed consolidated statements of income. For commodity derivatives, NEE believes that, where offsetting positions exist at the same location for the same time, the transactions are considered to have been netted and therefore physical delivery has been deemed not to have occurred for financial reporting purposes. Settlements related to derivative instruments are primarily recognized in net cash provided by operating activities in NEE's and FPL's condensed consolidated statements of cash flows.
Fair Value Measurements	Fair Value Measurement of Derivative Instruments - The fair value of assets and liabilities are determined using either unadjusted quoted prices in active markets (Level 1) or pricing inputs that are observable (Level 2) whenever that information is available and using unobservable inputs (Level 3) to estimate fair value only when relevant observable inputs are not available. NEE and FPL use several different valuation techniques to measure the fair value of assets and liabilities, relying primarily on the market approach of using prices and other market information for identical and/or comparable assets and liabilities for those assets and liabilities that are measured at fair value on a recurring basis. NEE's and FPL's assessment of the significance of any particular input to the fair value measurement requires judgment and may affect placement within the fair value hierarchy levels. Non-performance risk, including the consideration of a credit valuation adjustment, is also considered in the determination of fair value for all assets and liabilities measured at fair value. NEE and FPL measure the fair value of commodity contracts using a combination of market and income approaches utilizing prices observed on commodities exchanges and in the OTC markets, or through the use of industry-standard valuation techniques, such as option modeling or discounted cash flows techniques, incorporating both observable and unobservable valuation inputs. The resulting measurements are the best estimate of fair value as represented by the transfer of the asset or liability through an orderly transaction in the marketplace at the measurement date. Most exchange-traded derivative assets and liabilities are valued directly using unadjusted quoted prices. For exchange-traded derivative assets and liabilities where the principal market is deemed to be inactive based on average daily volumes and open interest, the measurement is established using settlement prices from the exchanges, and therefore considered to be valued using other observable inputs. NEE, through its subsidiaries, including FPL, also enters into OTC commodity contract derivatives. The majority of these contracts are transacted at liquid trading points, and the prices for these contracts are verified using quoted prices in active markets from exchanges, brokers or pricing services for similar contracts. NEE, through NEER, also enters into full requirements contracts, which, in most cases, meet the definition of derivatives and are measured at fair value. These contracts typically have one or more inputs that are not observable and are significant to the valuation of the contract. In addition, certain exchange and non-exchange traded derivative options at NEE have one or more significant inputs that are not observable, and are valued using industry-standard option models. In all cases where NEE and FPL use significant unobservable inputs for the valuation of a commodity contract, consideration is given to the assumptions that market participants would use in valuing the asset or liability. The primary input to the valuation models for commodity contracts is the forward commodity curve for the respective instruments. Other inputs include, but are not limited to, assumptions about market liquidity, volatility, correlation and contract duration as more fully described below in Significant Unobservable Inputs Used in Recurring Fair Value Measurements. In instances where the reference markets are deemed to be inactive or do not have transactions for a similar contract, the derivative assets and liabilities may be valued using significant other observable inputs and potentially significant unobservable inputs. In such instances, the valuation for these contracts is established using techniques including extrapolation from or interpolation between actively traded contracts, or estimated basis adjustments from liquid trading points. NEE and FPL regularly evaluate and validate the inputs used to determine fair value by a number of methods, consisting of various market price verification procedures, including the use of pricing services and multiple broker quotes to support the market price of the various commodities. In all cases where there are assumptions and models used to generate inputs for valuing derivative assets and liabilities, the review and verification of the assumptions, models and changes to the models are undertaken by individuals that are independent of those responsible for estimating fair value. NEE uses interest rate contracts and foreign currency contracts to mitigate and adjust interest rate and foreign currency exchange exposure related primarily to certain outstanding and expected future debt issuances and borrowings when deemed appropriate based on market conditions or when required by financing agreements. NEE estimates the fair value of these derivatives using an income approach based on a discounted cash flows valuation technique utilizing the net amount of estimated future cash inflows and outflows related to the agreements. Cash Equivalents and Restricted Cash Equivalents - NEE and FPL hold investments in money market funds. The fair value of these funds is estimated using a market approach based on current observable market prices. Special Use Funds and Other Investments - NEE and FPL hold primarily debt and equity securities directly, as well as indirectly through commingled funds. Substantially all directly held equity securities are valued at their quoted market prices. For directly held debt securities, multiple prices and price types are obtained from pricing vendors whenever possible, which enables cross-provider validations. A primary price source is identified based on asset type, class or issue of each security. Commingled funds, which are similar to mutual funds, are maintained by banks or investment companies and hold certain investments in accordance with a stated set of objectives. The fair value of commingled funds is primarily derived from the quoted prices in active markets of the underlying securities. Because the fund shares are offered to a limited group of investors, they are not considered to be traded in an active market.
Restricted Cash	Restricted Cash - At March 31, 2021 and December 31, 2020, NEE had approximately $703 million ($94 million for FPL) and $441 million ($135 million for FPL), respectively, of restricted cash, of which approximately $669 million ($84 million for FPL) and $374 million ($93 million for FPL), respectively, is included in current other assets and the remaining balance is included in noncurrent other assets on NEE's and FPL's condensed consolidated balance sheets. Restricted cash is primarily related to debt service payments, bond proceeds held for construction at FPL and margin cash collateral requirements. In addition, where offsetting positions exist, restricted cash related to margin cash collateral of $60 million is netted against derivative assets and $45 million is netted against derivative liabilities at March 31, 2021 and $183 million is netted against derivative assets and $136 million is netted against derivative liabilities at December 31, 2020. See Note 2.
Disposal of Businesses	Disposal of a Business - In February 2020, a subsidiary of NextEra Energy Resources completed the sale of its ownership interest in two solar generation facilities located in Spain with a total generating capacity of 99.8 MW, which resulted in net cash proceeds of approximately €111 million (approximately $121 million). In connection with the sale, a gain of approximately $260 million (pretax and after tax) was recorded in NEE's condensed consolidated statements of income for the three months ended March 31, 2020 and is included in gains on disposal of businesses/assets - net.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts and Bad Debt - FPL maintains an accumulated provision for uncollectible customer accounts receivable that is estimated using a percentage, derived from historical revenue and write-off trends, of the previous four months of revenue and includes estimates of credit and other losses based on both current events and forecasts. NEER regularly reviews collectibility of its receivables and establishes a provision for losses estimated as a percentage of accounts receivable based on the historical bad debt write-off trends for its retail electricity provider operations, as well as includes estimates for credit and other losses based on both current events and forecasts. When necessary, NEER uses the specific identification method for all other receivables. Credit Losses - NEE's credit department monitors current and forward credit exposure to counterparties and their affiliates. Prospective and existing customers are reviewed for creditworthiness based on established standards and credit quality indicators. Credit quality indicators and standards that are closely monitored include credit ratings, certain financial ratios and delinquency trends which are based off the latest available information. Customers not meeting minimum standards provide various credit enhancements or secured payment terms, such as letters of credit, the posting of margin cash collateral or use of master netting arrangements. For the three months ended March 31, 2021 and 2020, NEE recorded approximately $152 million and $11 million of bad debt expense, including credit losses, which are included in other operations and maintenance in NEE’s condensed consolidated statements of income. The amount for the three months ended March 31, 2021 primarily relates to credit losses at NEER driven by the operational and energy market impacts of severe prolonged winter weather in Texas in February 2021. The estimate for credit losses related to the impacts of the weather event was developed based on NEE’s assessment of the ultimate collectability of these receivables under potential workout scenarios. Measurement of Credit Losses on Financial Instruments - Effective January 1, 2020, NEE and FPL adopted an accounting standards update that provides for a new methodology, the current expected credit loss (CECL) model, to account for credit losses for certain financial assets measured at amortized cost. On January 1, 2020, NEE recorded a reduction to retained earnings of approximately $11 million representing the cumulative effect of adopting the new standards update, which primarily related to the impact of applying the CECL model to NEER's receivables. The impact of adopting the new standards update was not material to FPL. See also Note 3 - Special Use Funds.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2021
Derivative [Line Items]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The tables below present NEE's and FPL's gross derivative positions at March 31, 2021 and December 31, 2020, as required by disclosure rules. However, the majority of the underlying contracts are subject to master netting agreements and generally would not be contractually settled on a gross basis. Therefore, the tables below also present the derivative positions on a net basis, which reflect the offsetting of positions of certain transactions within the portfolio, the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral, as well as the location of the net derivative position on the condensed consolidated balance sheets. March 31, 2021 Level 1 Level 2 Level 3 Netting (a) Total (millions) Assets: NEE: Commodity contracts $ 775 $ 1,893 $ 1,499 $ (2,197) $ 1,970 Interest rate contracts $ — $ 218 $ — $ (69) 149 Foreign currency contracts $ — $ 35 $ — $ (40) (5) Total derivative assets $ 2,114 FPL - commodity contracts $ — $ 1 $ 2 $ (1) $ 2 Liabilities: NEE: Commodity contracts $ 858 $ 1,639 $ 342 $ (2,176) $ 663 Interest rate contracts $ — $ 418 $ — $ (69) 349 Foreign currency contracts $ — $ 60 $ — $ (40) 20 Total derivative liabilities $ 1,032 FPL - commodity contracts $ — $ 5 $ 4 $ (1) $ 8 Net fair value by NEE balance sheet line item: Current derivative assets $ 496 Noncurrent derivative assets (b) 1,618 Total derivative assets $ 2,114 Current derivative liabilities (c) $ 437 Noncurrent derivative liabilities 595 Total derivative liabilities $ 1,032 Net fair value by FPL balance sheet line item: Current other assets $ 2 Current other liabilities $ 8 ——————————————— (a) Includes the effect of the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral payments and receipts. NEE and FPL also have contract settlement receivable and payable balances that are subject to the master netting arrangements but are not offset within the condensed consolidated balance sheets and are recorded in customer receivables - net and accounts payable, respectively. (b) Reflects the netting of approximately $66 million in margin cash collateral received from counterparties. (c) Reflects the netting of approximately $45 million in margin cash collateral paid to counterparties. December 31, 2020 Level 1 Level 2 Level 3 Netting (a) Total (millions) Assets: NEE: Commodity contracts $ 919 $ 1,881 $ 1,679 $ (2,325) $ 2,154 Interest rate contracts $ — $ 81 $ — $ (41) 40 Foreign currency contracts $ — $ 57 $ — $ (34) 23 Total derivative assets $ 2,217 FPL - commodity contracts $ — $ 1 $ 2 $ — $ 3 Liabilities: NEE: Commodity contracts $ 1,004 $ 1,468 $ 305 $ (2,277) $ 500 Interest rate contracts $ — $ 1,042 $ — $ (41) 1,001 Foreign currency contracts $ — $ 43 $ — $ (34) 9 Total derivative liabilities $ 1,510 FPL - commodity contracts $ — $ — $ 3 $ — $ 3 Net fair value by NEE balance sheet line item: Current derivative assets $ 570 Noncurrent derivative assets (b) 1,647 Total derivative assets $ 2,217 Current derivative liabilities (c) $ 311 Noncurrent derivative liabilities 1,199 Total derivative liabilities $ 1,510 Net fair value by FPL balance sheet line item: Current other assets $ 3 Current other liabilities $ 2 Noncurrent other liabilities 1 Total derivative liabilities $ 3 ——————————————— (a) Includes the effect of the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral payments and receipts. NEE and FPL also have contract settlement receivable and payable balances that are subject to the master netting arrangements but are not offset within the condensed consolidated balance sheets and are recorded in customer receivables - net and accounts payable, respectively. (b) Reflects the netting of approximately $184 million in margin cash collateral received from counterparties. (c) Reflects the netting of approximately $136 million in margin cash collateral paid to counterparties.
Significant unobservable inputs used in valuation of contracts categorized as Level 3	The significant unobservable inputs used in the valuation of NEE's commodity contracts categorized as Level 3 of the fair value hierarchy at March 31, 2021 are as follows: Fair Value at Valuation Significant Weighted- Transaction Type March 31, 2021 Technique(s) Unobservable Inputs Range average (a) Assets Liabilities (millions) Forward contracts - power $ 703 $ 92 Discounted cash flow Forward price (per MWh) $1 — $133 $30 Forward contracts - gas 277 34 Discounted cash flow Forward price (per MMBtu) $1 — $8 $3 Forward contracts - congestion 23 5 Discounted cash flow Forward price (per MWh) $(8) — $75 $— Options - power 38 9 Option models Implied correlations 39% — 85% 54% Implied volatilities 7% — 236% 59% Options - primarily gas 137 120 Option models Implied correlations 39% — 85% 54% Implied volatilities 16% — 115% 29% Full requirements and unit contingent contracts 295 70 Discounted cash flow Forward price (per MWh) $5 — $318 $50 Customer migration rate (b) —% — 49% 1% Forward contracts - other 26 12 Total $ 1,499 $ 342 ——————————————— (a) Unobservable inputs were weighted by volume. (b) Applies only to full requirements contracts.
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation	The sensitivity of NEE's fair value measurements to increases (decreases) in the significant unobservable inputs is as follows: Significant Unobservable Input Position Impact on Forward price Purchase power/gas Increase (decrease) Sell power/gas Decrease (increase) Implied correlations Purchase option Decrease (increase) Sell option Increase (decrease) Implied volatilities Purchase option Increase (decrease) Sell option Decrease (increase) Customer migration rate Sell power (a) Decrease (increase) ——————————————— (a) Assumes the contract is in a gain position.
Reconciliation of changes in the fair value of derivatives measured based on significant unobservable inputs	The reconciliation of changes in the fair value of derivatives that are based on significant unobservable inputs is as follows: Three Months Ended March 31, 2021 2020 NEE FPL NEE FPL (millions) Fair value of net derivatives based on significant unobservable inputs at December 31 of prior period $ 1,374 $ (1) $ 1,207 $ (8) Realized and unrealized gains (losses): Included in earnings (a) (130) — 387 — Included in regulatory assets and liabilities (2) (2) (2) (2) Purchases 38 — 81 — Sales (b) — — 114 — Settlements (89) 1 (206) 1 Issuances (21) — (32) — Transfers out (c) (13) — (30) — Fair value of net derivatives based on significant unobservable inputs at March 31 $ 1,157 $ (2) $ 1,519 $ (9) Gains (losses) included in earnings attributable to the change in unrealized gains (losses) relating to derivatives held at the reporting date (d) $ (125) $ — $ 308 $ — ——————————————— (a) For the three months ended March 31, 2021 and 2020, realized and unrealized gains (losses) of approximately $(130) million and $405 million, respectively, are included in the condensed consolidated statements of income in operating revenues and the balance is included in interest expense. (b) See Note 11 - Disposal of a Business. (c) Transfers from Level 3 to Level 2 were a result of increased observability of market data. (d) For the three months ended March 31, 2021 and 2020, unrealized gains (losses) of approximately $(125) million and $319 million, respectively, are included in the condensed consolidated statements of income in operating revenues and the balance is included in interest expense.
Net notional volumes	NEE and FPL had derivative commodity contracts for the following net notional volumes: March 31, 2021 December 31, 2020 Commodity Type NEE FPL NEE FPL (millions) Power (104) MWh — (90) MWh — Natural gas (811) MMBtu 241 MMBtu (607) MMBtu 87 MMBtu Oil (23) barrels — (6) barrels —
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative instruments, gain (loss) in statement of financial performance	Gains (losses) related to NEE's derivatives are recorded in NEE's condensed consolidated statements of income as follows: Three Months Ended March 31, 2021 2020 (millions) Commodity contracts (a) - operating revenues $ (488) $ 625 Foreign currency contracts - interest expense (40) (79) Interest rate contracts - interest expense 747 (905) Losses reclassified from AOCI: Interest rate contracts (b) (1) (25) Foreign currency contracts - interest expense (1) (1) Total $ 217 $ (385) ——————————————— (a) For the three months ended March 31, 2021 and 2020, FPL recorded losses of approximately $7 million and $3 million, respectively, related to commodity contracts as regulatory assets on its condensed consolidated balance sheets. (b) For the three months ended March 31, 2020, approximately $23 million was reclassified to gains on disposal of businesses/assets - net (see Note 11 - Disposal of a Business); remaining balances were reclassified to interest expense on NEE's condensed consolidated statements of income.

Non-Derivative Fair Value Mea_2

Non-Derivative Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Financial assets and liabilities and other fair value measurements	NEE's and FPL's financial assets and other fair value measurements made on a recurring basis by fair value hierarchy level are as follows: March 31, 2021 Level 1 Level 2 Level 3 Total (millions) Assets: Cash equivalents and restricted cash equivalents: (a) NEE - equity securities $ 699 $ — $ — $ 699 FPL - equity securities $ 97 $ — $ — $ 97 Special use funds: (b) NEE: Equity securities $ 2,329 $ 2,650 (c) $ — $ 4,979 U.S. Government and municipal bonds $ 712 $ 63 $ — $ 775 Corporate debt securities $ 1 $ 829 $ — $ 830 Mortgage-backed securities $ — $ 434 $ — $ 434 Other debt securities $ — $ 139 $ — $ 139 FPL: Equity securities $ 791 $ 2,405 (c) $ — $ 3,196 U.S. Government and municipal bonds $ 558 $ 47 $ — $ 605 Corporate debt securities $ — $ 618 $ — $ 618 Mortgage-backed securities $ — $ 328 $ — $ 328 Other debt securities $ — $ 126 $ — $ 126 Other investments: (d) NEE: Equity securities $ 70 $ — $ — $ 70 Debt securities $ 104 $ 120 $ 15 $ 239 FPL - equity securities $ 12 $ — $ — $ 12 ——————————————— (a) Includes restricted cash equivalents of approximately $85 million ($84 million for FPL) in current other assets and $9 million ($9 million for FPL) in noncurrent other assets on the condensed consolidated balance sheets. (b) Excludes investments accounted for under the equity method and loans not measured at fair value on a recurring basis. See Fair Value of Financial Instruments Recorded at Other than Fair Value below. (c) Primarily invested in commingled funds whose underlying securities would be Level 1 if those securities were held directly by NEE or FPL. (d) Included in noncurrent other assets on NEE's and FPL's condensed consolidated balance sheets. December 31, 2020 Level 1 Level 2 Level 3 Total (millions) Assets: Cash equivalents and restricted cash equivalents: (a) NEE - equity securities $ 742 $ — $ — $ 742 FPL - equity securities $ 137 $ — $ — $ 137 Special use funds: (b) NEE: Equity securities $ 2,237 $ 2,489 (c) $ — $ 4,726 U.S. Government and municipal bonds $ 590 $ 127 $ — $ 717 Corporate debt securities $ 1 $ 870 $ — $ 871 Mortgage-backed securities $ — $ 422 $ — $ 422 Other debt securities $ — $ 124 $ — $ 124 FPL: Equity securities $ 752 $ 2,260 (c) $ — $ 3,012 U.S. Government and municipal bonds $ 449 $ 87 $ — $ 536 Corporate debt securities $ — $ 627 $ — $ 627 Mortgage-backed securities $ — $ 335 $ — $ 335 Other debt securities $ — $ 119 $ — $ 119 Other investments: (d) NEE: Equity securities $ 62 $ — $ — $ 62 Debt securities $ 91 $ 127 $ — $ 218 FPL - equity securities $ 12 $ — $ — $ 12 ——————————————— (a) Includes restricted cash equivalents of approximately $111 million ($91 million for FPL) in current other assets and $42 million ($42 million for FPL) in noncurrent other assets on the condensed consolidated balance sheets. (b) Excludes investments accounted for under the equity method and loans not measured at fair value on a recurring basis. See Fair Value of Financial Instruments Recorded at Other than Fair Value below. (c) Primarily invested in commingled funds whose underlying securities would be Level 1 if those securities were held directly by NEE or FPL. (d) Included in noncurrent other assets on NEE's and FPL's condensed consolidated balance sheets.
Significant unobservable inputs used in valuation of contracts categorized as Level 3	The significant unobservable inputs used in the valuation of NEE's commodity contracts categorized as Level 3 of the fair value hierarchy at March 31, 2021 are as follows: Fair Value at Valuation Significant Weighted- Transaction Type March 31, 2021 Technique(s) Unobservable Inputs Range average (a) Assets Liabilities (millions) Forward contracts - power $ 703 $ 92 Discounted cash flow Forward price (per MWh) $1 — $133 $30 Forward contracts - gas 277 34 Discounted cash flow Forward price (per MMBtu) $1 — $8 $3 Forward contracts - congestion 23 5 Discounted cash flow Forward price (per MWh) $(8) — $75 $— Options - power 38 9 Option models Implied correlations 39% — 85% 54% Implied volatilities 7% — 236% 59% Options - primarily gas 137 120 Option models Implied correlations 39% — 85% 54% Implied volatilities 16% — 115% 29% Full requirements and unit contingent contracts 295 70 Discounted cash flow Forward price (per MWh) $5 — $318 $50 Customer migration rate (b) —% — 49% 1% Forward contracts - other 26 12 Total $ 1,499 $ 342 ——————————————— (a) Unobservable inputs were weighted by volume. (b) Applies only to full requirements contracts.
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation	The sensitivity of NEE's fair value measurements to increases (decreases) in the significant unobservable inputs is as follows: Significant Unobservable Input Position Impact on Forward price Purchase power/gas Increase (decrease) Sell power/gas Decrease (increase) Implied correlations Purchase option Decrease (increase) Sell option Increase (decrease) Implied volatilities Purchase option Increase (decrease) Sell option Decrease (increase) Customer migration rate Sell power (a) Decrease (increase) ——————————————— (a) Assumes the contract is in a gain position.
Fair Value, by Balance Sheet Grouping	The carrying amounts of commercial paper and other short-term debt approximate their fair values. The carrying amounts and estimated fair values of other financial instruments recorded at other than fair value are as follows: March 31, 2021 December 31, 2020 Carrying Estimated Carrying Estimated (millions) NEE: Special use funds (a) $ 853 $ 854 $ 919 $ 920 Other investments (b) $ 28 $ 28 $ 29 $ 29 Long-term debt, including current portion $ 49,902 $ 53,173 (c) $ 46,082 $ 51,525 (c) FPL: Special use funds (a) $ 644 $ 645 $ 718 $ 719 Long-term debt, including current portion $ 17,421 $ 19,859 (c) $ 17,236 $ 21,178 (c) ——————————————— (a) Primarily represents investments accounted for under the equity method and loans not measured at fair value on a recurring basis (Level 2). (b) Included in noncurrent other assets on NEE's condensed consolidated balance sheets. (c) At March 31, 2021 and December 31, 2020, substantially all is Level 2 for NEE and FPL.
Unrealized Gains (Losses) Recognized On Equity Securities Still Held at The Reporting Date	Unrealized gains (losses) recognized on equity securities held at March 31, 2021 and 2020 are as follows: NEE FPL Three Months Ended March 31, Three Months Ended March 31, 2021 2020 2021 2020 (millions) Unrealized gains (losses) $ 247 $ (808) $ 161 $ (502)
Gains and Losses on Available-for-sale Debt Securities	Realized gains and losses and proceeds from the sale or maturity of available for sale debt securities are as follows: NEE FPL Three Months Ended March 31, Three Months Ended March 31, 2021 2020 2021 2020 (millions) Realized gains $ 18 $ 30 $ 12 $ 25 Realized losses $ 14 $ 17 $ 13 $ 15 Proceeds from sale or maturity of securities $ 548 $ 738 $ 390 $ 607 The unrealized gains and unrealized losses on available for sale debt securities and the fair value of available for sale debt securities in an unrealized loss position are as follows: NEE FPL March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 (millions) Unrealized gains $ 72 $ 134 $ 56 $ 104 Unrealized losses (a) $ 29 $ 9 $ 21 $ 9 Fair value $ 747 $ 201 $ 537 $ 150 ——————————————— (a) Unrealized losses on available for sale debt securities in an unrealized loss position for greater than twelve months at March 31, 2021 and December 31, 2020 were not material to NEE or FPL.

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Reconciliation Between the Effective Income Tax Rates and the Applicable Statutory Rate	A reconciliation between the effective income tax rates and the applicable statutory rate is as follows: NEE FPL Three Months Ended March 31, Three Months Ended March 31, 2021 2020 2021 2020 Statutory federal income tax rate 21.0 % 21.0 % 21.0 % 21.0 % Increases (reductions) resulting from: State income taxes - net of federal income tax benefit 0.8 (61.0) 4.4 4.3 Taxes attributable to noncontrolling interests 2.0 32.7 — — PTCs and ITCs - NEER (5.0) (86.5) — — Amortization of deferred regulatory credit (1.9) (55.5) (3.4) (4.8) Foreign operations 0.2 (76.9) — — Other - net (2.8) (95.7) (0.8) (2.7) Effective income tax rate 14.3 % (321.9) % 21.2 % 17.8 %

NEP (Tables)

NEP (Tables)	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summarized Financial Information	Summarized financial information of NEP is as follows: Three Months Ended March 31, 2021 2020 (millions) Operating revenues $ 246 $ 212 Operating income $ 78 $ 49 Net income (loss) $ 571 $ (720) Net income (loss) attributable to NEP $ 202 $ (222)

Employee Retirement Benefits (T

Employee Retirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2021
Retirement Benefits [Abstract]
Net periodic benefit (income) cost	The components of net periodic income for the plans are as follows: Pension Benefits Postretirement Benefits Three Months Ended March 31, Three Months Ended March 31, 2021 2020 2021 2020 (millions) Service cost $ 22 $ 21 $ 1 $ — Interest cost 16 23 1 2 Expected return on plan assets (85) (80) — — Amortization of actuarial loss 6 4 1 1 Amortization of prior service benefit — — (4) (4) Special termination benefits (a) — 2 — — Net periodic income at NEE $ (41) $ (30) $ (1) $ (1) Net periodic income allocated to FPL $ (27) $ (21) $ (1) $ (1) _________________________ (a) Reflects enhanced early retirement benefit.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Long-term debt issuances and borrowings	Significant long-term debt issuances and borrowings during the three months ended March 31, 2021 were as follows: Principal Amount Interest Rate Maturity Date (millions) FPL: Senior unsecured notes $ 184 Variable (a)(b) 2071 NEECH: Debentures $ 2,150 Variable (a) 2023 Debentures $ 2,000 0.65 % 2023 Term loan $ 200 Variable (a) 2024 ——————————————— (a) Variable rate is based on an underlying index plus or minus a specified margin. (b) Allows individual noteholders to require repayment at specified dates prior to maturity.

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Reconciliation of basic and diluted earnings per share of common stock	Earnings Per Share - The reconciliation of NEE's basic and diluted earnings per share attributable to NEE is as follows: Three Months Ended March 31, 2021 2020 (millions, except per share amounts) Numerator - net income attributable to NEE (a) $ 1,666 $ 421 Denominator: Weighted-average number of common shares outstanding - basic 1,961.6 1,957.0 Equity units, stock options, performance share awards and restricted stock (b) 11.4 10.0 Weighted-average number of common shares outstanding - assuming dilution 1,973.0 1,967.0 Earnings per share attributable to NEE: Basic $ 0.85 $ 0.21 Assuming dilution $ 0.84 $ 0.21 ——————————————— (a) The NEP Series A convertible preferred units and the NEP senior unsecured convertible notes issued in 2017 were both antidilutive for the three months ended March 31, 2020. The NEP senior unsecured convertible notes issued in 2020 were not materially dilutive for the three months ended March 31, 2021. (b) Calculated using the treasury stock method. Performance share awards are included in diluted weighted-average number of common shares outstanding based upon what would be issued if the end of the reporting period was the end of the term of the award.
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) - The components of AOCI, net of tax, are as follows: Accumulated Other Comprehensive Income (Loss) Net Unrealized Gains (Losses) on Cash Flow Hedges Net Unrealized Gains (Losses) on Available for Sale Securities Defined Benefit Pension and Other Benefits Plans Net Unrealized Gains (Losses) on Foreign Currency Translation Other Comprehensive Income (Loss) Related to Equity Method Investees Total (millions) Three Months Ended March 31, 2021 Balances, December 31, 2020 $ 8 $ 20 $ (75) $ (49) $ 4 $ (92) Other comprehensive income (loss) before reclassifications — (8) — 6 — (2) Amounts reclassified from AOCI 2 (a) (3) (b) 1 (c) — — — Net other comprehensive income (loss) 2 (11) 1 6 — (2) Less other comprehensive income (loss) attributable to noncontrolling interests — — — (2) — (2) Balances, March 31, 2021 $ 10 $ 9 $ (74) $ (45) $ 4 $ (96) Attributable to noncontrolling interests $ — $ — $ — $ 2 $ — $ 2 Attributable to NEE $ 10 $ 9 $ (74) $ (47) $ 4 $ (98) ——————————————— (a) Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 2 - Income Statement Impact of Derivative Instruments. (b) Reclassified to gains on disposal of investments and other property - net in NEE's condensed consolidated statements of income. (c) Reclassified to other net periodic benefit income in NEE's condensed consolidated statements of income. Accumulated Other Comprehensive Income (Loss) Net Unrealized Gains (Losses) on Cash Flow Hedges Net Unrealized Gains (Losses) on Available for Sale Securities Defined Benefit Pension and Other Benefits Plans Net Unrealized Gains (Losses) on Foreign Currency Translation Other Comprehensive Income (Loss) Related to Equity Method Investees Total (millions) Three Months Ended March 31, 2020 Balances, December 31, 2019 $ (27) $ 11 $ (114) $ (42) $ 3 $ (169) Other comprehensive income (loss) before reclassifications — (8) — (35) — (43) Amounts reclassified from AOCI 2 (a) (1) (b) 3 (c) — — 4 Net other comprehensive income (loss) 2 (9) 3 (35) — (39) Impact of disposal of a business 23 (d) — — (13) (d) — 10 Balances, March 31, 2020 $ (2) $ 2 $ (111) $ (90) $ 3 $ (198) Attributable to noncontrolling interests $ — $ — $ — $ (6) $ — $ (6) Attributable to NEE $ (2) $ 2 $ (111) $ (84) $ 3 $ (192) ——————————————— (a) Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 2 - Income Statement Impact of Derivative Instruments. (b) Reclassified to gains on disposal of investments and other property - net in NEE's condensed consolidated statements of income. (c) Reclassified to other net periodic benefit income in NEE's condensed consolidated statements of income. (d) Reclassified to gains on disposal of businesses/assets - net and interest expense in NEE's condensed consolidated statements of income. See Note 2 - Income Statement Impact of Derivative Instruments. See Note 11 - Disposal of a Business.

Summary of Significant Accoun_3

Summary of Significant Accounting and Reporting Policies (Tables)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Property, Plant and Equipment	Property Plant and Equipment - Property, plant and equipment consists of the following: NEE FPL March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 (millions) Electric plant in service and other property $ 107,395 $ 105,860 $ 64,018 $ 62,963 Nuclear fuel 1,657 1,604 1,178 1,143 Construction work in progress 12,192 10,639 5,561 5,361 Property, plant and equipment, gross 121,244 118,103 70,757 69,467 Accumulated depreciation and amortization (26,940) (26,300) (15,839) (15,588) Property, plant and equipment – net $ 94,304 $ 91,803 $ 54,918 $ 53,879

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies [Abstract]
Schedule of Planned Capital Expenditures	At March 31, 2021, estimated capital expenditures for the remainder of 2021 through 2025 for which applicable internal approvals (and also, if required, regulatory approvals such as FPSC approvals) have been received were as follows: Remainder of 2021 2022 2023 2024 2025 Total (millions) FPL Segment: Generation: (a) New (b) $ 640 $ 880 $ 1,030 $ 1,050 $ 760 $ 4,360 Existing 880 1,155 1,005 945 695 4,680 Transmission and distribution (c) 3,035 3,665 3,575 3,925 4,300 18,500 Nuclear fuel 185 170 120 145 145 765 General and other 600 760 750 645 795 3,550 Total $ 5,340 $ 6,630 $ 6,480 $ 6,710 $ 6,695 $ 31,855 Gulf Power $ 705 $ 695 $ 625 $ 685 $ 685 $ 3,395 NEER: Wind (d) $ 1,755 $ 75 $ 30 $ 30 $ 20 $ 1,910 Solar (e) 1,445 660 190 10 10 2,315 Battery storage 195 — — — — 195 Nuclear, including nuclear fuel 190 190 145 190 200 915 Natural gas pipelines (f) 360 150 5 — — 515 Rate-regulated transmission 175 100 20 15 30 340 Other 580 115 100 75 65 935 Total $ 4,700 $ 1,290 $ 490 $ 320 $ 325 $ 7,125 ——————————————— (a) Includes AFUDC of approximately $60 million, $50 million, $35 million, $35 million and $25 million for the remainder of 2021 through 2025, respectively. (b) Includes land, generation structures, transmission interconnection and integration and licensing. (c) Includes AFUDC of approximately $40 million, $50 million, $40 million, $55 million and $45 million for the remainder of 2021 through 2025, respectively. (d) Consists of capital expenditures for new wind projects, repowering of existing wind projects and related transmission totaling approximately 2,509 MW. (e) Includes capital expenditures for new solar projects and related transmission totaling approximately 2,866 MW. (f) Construction of natural gas pipelines are subject to certain conditions, including applicable regulatory approvals and in certain cases the resolution of legal challenges.
Required capacity and/or minimum payments under contracts	The required capacity and/or minimum payments under contracts, including those discussed above, at March 31, 2021 were estimated as follows: Remainder of 2021 2022 2023 2024 2025 Thereafter (millions) FPL (a) $ 780 $ 970 $ 955 $ 940 $ 890 $ 9,365 NEER (b)(c)(d) $ 3,430 $ 955 $ 210 $ 210 $ 140 $ 1,785 ——————————————— (a) Includes approximately $315 million, $415 million, $410 million, $410 million, $405 million and $6,360 million for the remainder of 2021 through 2025 and thereafter, respectively, of firm commitments related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection. The charges associated with these agreements are recoverable through the fuel clause and totaled approximately $103 million and $79 million for the three months ended March 31, 2021 and 2020, respectively, of which $26 million and $27 million, respectively, were eliminated in consolidation at NEE. (b) Includes approximately $25 million, $70 million, $70 million, $70 million and $1,155 million for 2022 through 2025 and thereafter, respectively, of firm commitments related to a natural gas transportation agreement with a joint venture, in which NEER has a 31.5% equity investment, that is constructing a natural gas pipeline. These firm commitments are subject to the completion of construction of the pipeline, which is currently estimated to be in 2022. (c) Includes approximately $50 million of commitments to invest in technology investments through 2029. (d) Includes approximately $580 million, $10 million, $10 million, $10 million and $5 million for the remainder of 2021 through 2025, respectively, of joint obligations of NEECH and NEER.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Segment information	NEE's segment information is as follows: Three Months Ended March 31, 2021 2020 FPL Seg-ment Gulf Power NEER (a) Corporate NEE FPL Seg-ment Gulf Power NEER (a) Corporate NEE (millions) Operating revenues $ 2,623 $ 347 $ 781 $ (25) $ 3,726 $ 2,540 $ 328 $ 1,773 $ (28) $ 4,613 Operating expenses - net $ 1,580 $ 276 $ 1,172 $ 43 $ 3,071 $ 1,625 $ 270 $ 980 $ 30 $ 2,905 Net income (loss) attributable to NEE $ 720 $ 57 $ 491 (b) $ 398 $ 1,666 $ 642 $ 40 $ 318 (b) $ (579) $ 421 ——————————————— (a) Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other. (b) See Note 4 for a discussion of NEER's tax benefits related to PTCs. March 31, 2021 December 31, 2020 FPL Segment Gulf Power NEER Corporate NEE FPL Segment Gulf Power NEER Corporate NEE (millions) Total assets $ 62,708 $ 6,732 $ 59,318 $ 3,683 $ 132,441 $ 61,610 $ 6,725 $ 55,633 $ 3,716 $ 127,684 FPL's segment information is as follows: Three Months Ended March 31, 2021 2020 FPL Segment Gulf Power Corporate FPL FPL Segment Gulf Power Corporate FPL (millions) Operating revenues $ 2,623 $ 347 $ — $ 2,970 $ 2,540 $ 328 $ — $ 2,868 Operating expenses - net $ 1,580 $ 276 $ — $ 1,856 $ 1,625 $ 270 $ (1) $ 1,894 Net income $ 720 $ 57 $ — $ 777 $ 642 $ 40 $ — $ 682 March 31, 2021 December 31, 2020 FPL Segment Gulf Power Corporate FPL FPL Segment Gulf Power Corporate FPL (millions) Total assets $ 62,708 $ 6,732 $ 2,657 $ 72,097 $ 61,610 $ 6,725 $ 2,666 $ 71,001

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 4,000	$ 3,900
NEER Segment
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation	810
Unrecognized Revenue	180
FPL [Member]
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	3,000	$ 2,900
Unbilled revenues	466		$ 454
Revenue, remaining performance obligation	$ 420
Revenue Benchmark [Member] | FPL [Member]
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	90.00%

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Derivative [Line Items]
Reclassification from AOCI, before Tax		$ 23
Reclassification from AOCI, Net of Tax		$ 3
Total loss to be reclassified during next 12 months	$ 7
Margin cash collateral received from counterparties that was not offset against derivative assets	5		$ 6
Margin cash collateral provided to counterparties that was not offset against derivative assets or liabilities	401		315
FPL
Derivative [Line Items]
Margin cash collateral received from counterparties that was not offset against derivative assets	0		0
Margin cash collateral provided to counterparties that was not offset against derivative assets or liabilities	$ 0		$ 0

Derivative Instruments (Balance

Derivative Instruments (Balance Sheet Disclosure) (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Derivative assets	$ 2,114	$ 2,217
Derivative Asset, Current	496	570
Derivative Asset, Noncurrent	1,618	1,647
Derivative liability	1,032	1,510
Derivative Liability, Current	437	311
Derivative Liability, Noncurrent	595	1,199
Non Current Derivative Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Amount Offset Against Collateral	66	184
Current derivative liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	45	136
Commodity Contract [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	1,970	2,154
Derivative liability	663	500
Derivative asset, netting	(2,197)	(2,325)
Derivative liability, netting	(2,176)	(2,277)
Commodity Contract [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	775	919
Derivative Liability, Gross Liability	858	1,004
Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	1,893	1,881
Derivative Liability, Gross Liability	1,639	1,468
Commodity Contract [Member] | Fair Value, Inputs, Level 3 [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	1,499	1,679
Derivative Liability, Gross Liability	342	305
Interest Rate Contract [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	149	40
Derivative liability	349	1,001
Derivative asset, netting	(69)	(41)
Derivative liability, netting	(69)	(41)
Interest Rate Contract [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	0	0
Derivative Liability, Gross Liability	0	0
Interest Rate Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	218	81
Derivative Liability, Gross Liability	418	1,042
Interest Rate Contract [Member] | Fair Value, Inputs, Level 3 [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	0	0
Derivative Liability, Gross Liability	0	0
Currency Swap [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	(5)	23
Derivative liability	20	9
Derivative asset, netting	(40)	(34)
Derivative liability, netting	(40)	(34)
Currency Swap [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	0	0
Derivative Liability, Gross Liability	0	0
Currency Swap [Member] | Fair Value, Inputs, Level 2 [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	35	57
Derivative Liability, Gross Liability	60	43
Currency Swap [Member] | Fair Value, Inputs, Level 3 [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	0	0
Derivative Liability, Gross Liability	0	0
FPL [Member]
Derivatives, Fair Value [Line Items]
Derivative liability		3
FPL [Member] | Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Current	8	2
FPL [Member] | Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Noncurrent		1
FPL [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Current	2	3
FPL [Member] | Commodity Contract [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	2	3
Derivative liability	8	3
Derivative asset, netting	(1)	0
Derivative liability, netting	(1)	0
FPL [Member] | Commodity Contract [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	0	0
Derivative Liability, Gross Liability	0	0
FPL [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 2 [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	1	1
Derivative Liability, Gross Liability	5	0
FPL [Member] | Commodity Contract [Member] | Fair Value, Inputs, Level 3 [Member] | Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	2	2
Derivative Liability, Gross Liability	$ 4	$ 3

Derivative Instruments (Signifi

Derivative Instruments (Significant Unobservable Inputs) (Details) - Fair Value, Inputs, Level 3 [Member]	3 Months Ended
	Mar. 31, 2021USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	$ 1,499,000,000
Financial and Nonfinancial Liabilities, Fair Value Disclosure	342,000,000
Forward Contracts - Power [Member] | Forward Contracts - Power [Member] | Forward Price [Member] | Maximum [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	133
Forward Contracts - Power [Member] | Forward Contracts - Power [Member] | Forward Price [Member] | Minimum [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	1
Forward Contracts - Power [Member] | Forward Contracts - Power [Member] | Forward Price [Member] | Weighted Average [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	30
Forward Contracts - Power [Member] | Derivative Financial Instruments, Assets [Member] | Forward Contracts - Power [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	703,000,000
Forward contracts - Gas [Member] | Forward contracts - Gas [Member] | Forward Price [Member] | Maximum [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	8
Forward contracts - Gas [Member] | Forward contracts - Gas [Member] | Forward Price [Member] | Minimum [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	1
Forward contracts - Gas [Member] | Forward contracts - Gas [Member] | Forward Price [Member] | Weighted Average [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	3
Forward contracts - Gas [Member] | Derivative Financial Instruments, Assets [Member] | Forward contracts - Gas [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	$ 277,000,000
Option Contracts, Power [Member] | Option Contracts, Power [Member] | Implied Correlations [Member] | Maximum [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	85.00%
Option Contracts, Power [Member] | Option Contracts, Power [Member] | Implied Correlations [Member] | Minimum [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	39.00%
Option Contracts, Power [Member] | Option Contracts, Power [Member] | Implied Correlations [Member] | Weighted Average [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	54.00%
Option Contracts, Power [Member] | Option Contracts, Power [Member] | Implied Volatilities [Member] | Maximum [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	236.00%
Option Contracts, Power [Member] | Option Contracts, Power [Member] | Implied Volatilities [Member] | Minimum [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	7.00%
Option Contracts, Power [Member] | Option Contracts, Power [Member] | Implied Volatilities [Member] | Weighted Average [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	59.00%
Option Contracts, Power [Member] | Derivative Financial Instruments, Assets [Member] | Option Contracts, Power [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	$ 38,000,000
Option Contracts, Primarily Gas [Member] | Option Contracts, Gas [Member] | Implied Correlations [Member] | Maximum [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	85.00%
Option Contracts, Primarily Gas [Member] | Option Contracts, Gas [Member] | Implied Correlations [Member] | Minimum [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	39.00%
Option Contracts, Primarily Gas [Member] | Option Contracts, Gas [Member] | Implied Correlations [Member] | Weighted Average [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	54.00%
Option Contracts, Primarily Gas [Member] | Option Contracts, Gas [Member] | Implied Volatilities [Member] | Maximum [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	115.00%
Option Contracts, Primarily Gas [Member] | Option Contracts, Gas [Member] | Implied Volatilities [Member] | Minimum [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	16.00%
Option Contracts, Primarily Gas [Member] | Option Contracts, Gas [Member] | Implied Volatilities [Member] | Weighted Average [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	29.00%
Option Contracts, Primarily Gas [Member] | Derivative Financial Instruments, Assets [Member] | Option Contracts, Gas [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	$ 137,000,000
Full Requirements and Unit Contingent Contracts [Member] | Full Requirements and Unit Contingent Contracts [Member] | Forward Price [Member] | Maximum [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	318
Full Requirements and Unit Contingent Contracts [Member] | Full Requirements and Unit Contingent Contracts [Member] | Forward Price [Member] | Minimum [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	5
Full Requirements and Unit Contingent Contracts [Member] | Full Requirements and Unit Contingent Contracts [Member] | Forward Price [Member] | Weighted Average [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	$ 50
Full Requirements and Unit Contingent Contracts [Member] | Full Requirements and Unit Contingent Contracts [Member] | Customer Migration Rate [Member] | Maximum [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	49.00%
Full Requirements and Unit Contingent Contracts [Member] | Full Requirements and Unit Contingent Contracts [Member] | Customer Migration Rate [Member] | Minimum [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	0.00%
Full Requirements and Unit Contingent Contracts [Member] | Full Requirements and Unit Contingent Contracts [Member] | Customer Migration Rate [Member] | Weighted Average [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	1.00%
Full Requirements and Unit Contingent Contracts [Member] | Derivative Financial Instruments, Assets [Member] | Full Requirements and Unit Contingent Contracts [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	$ 295,000,000
Forward contracts - Other [Member] [Member] | Derivative Financial Instruments, Assets [Member] | Forward contracts - Other [Member] [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	26,000,000
Forward contracts - Other [Member] [Member] | Derivative Financial Instruments, Assets [Member] | Forward contracts - Congestion [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	23,000,000
Forward contracts - Congestion [Member] | Forward contracts - Congestion [Member] | Forward Price [Member] | Maximum [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	75
Forward contracts - Congestion [Member] | Forward contracts - Congestion [Member] | Forward Price [Member] | Minimum [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	(8)
Forward contracts - Congestion [Member] | Forward contracts - Congestion [Member] | Forward Price [Member] | Weighted Average [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	0
Derivative Financial Instruments, Liabilities [Member] | Forward Contracts - Power [Member] | Forward Contracts - Power [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	92,000,000
Derivative Financial Instruments, Liabilities [Member] | Forward contracts - Gas [Member] | Forward contracts - Gas [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	34,000,000
Derivative Financial Instruments, Liabilities [Member] | Option Contracts, Power [Member] | Option Contracts, Power [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	9,000,000
Derivative Financial Instruments, Liabilities [Member] | Option Contracts, Primarily Gas [Member] | Option Contracts, Gas [Member] | Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	120,000,000
Derivative Financial Instruments, Liabilities [Member] | Full Requirements and Unit Contingent Contracts [Member] | Full Requirements and Unit Contingent Contracts [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	70,000,000
Derivative Financial Instruments, Liabilities [Member] | Forward contracts - Other [Member] [Member] | Forward contracts - Other [Member] [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	12,000,000
Derivative Financial Instruments, Liabilities [Member] | Forward contracts - Other [Member] [Member] | Forward contracts - Congestion [Member] | Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 5,000,000

Derivative Instruments (Reconci

Derivative Instruments (Reconciliation of Changes in the Fair Value) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Realized and unrealized gains (losses): [Abstract]
Fair value based on significant unobservable inputs, ending balance	$ 1,157	$ 1,519
Derivative Financial Instruments, Net [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value based on significant unobservable inputs, beginning balance	1,374	1,207
Realized and unrealized gains (losses): [Abstract]
Included in earnings	(130)	387
Included in regulatory assets and liabilities	(2)	(2)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	38	81
Sales	0	114
Settlements	(89)	(206)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Issuances	(21)	(32)
Transfers out	(13)	(30)
Gains (losses) included in earnings attributable to the change in unrealized gains (losses) relating to derivatives held at the reporting date	(125)	308
Realized and unrealized gains (losses) reflected in operating revenues	(130)	405
Unrealized gains (losses) reflected in operating revenues, for derivatives still held at the reporting date	(125)	319
FPL [Member]
Realized and unrealized gains (losses): [Abstract]
Fair value based on significant unobservable inputs, ending balance	(2)	(9)
FPL [Member] | Derivative Financial Instruments, Net [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value based on significant unobservable inputs, beginning balance	(1)	(8)
Realized and unrealized gains (losses): [Abstract]
Included in earnings	0	0
Included in regulatory assets and liabilities	(2)	(2)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	0	0
Sales	0	0
Settlements	1	1
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Issuances	0	0
Transfers out	0	0
Gains (losses) included in earnings attributable to the change in unrealized gains (losses) relating to derivatives held at the reporting date	0	$ 0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 342

Derivative Instruments (Income

Derivative Instruments (Income Statement Disclosure) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Gains on disposal of businesses/assets	$ 14	$ 273
Not Designated as Hedging Instrument [Member]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	217	(385)
Not Designated as Hedging Instrument [Member] | Commodity Contract [Member] | Gains (losses) included in operating revenues [Member]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	(488)	625
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Gain Loss Included In Interest Expense Member
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	(40)	(79)
Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Gain Loss Included In Interest Expense Member
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	747	(905)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Gain Loss Included In Interest Expense Member
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Interest Expense	(1)	(1)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member] | Gain Loss Included In Interest Expense Member
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Interest Expense	(1)	(25)
Gains on disposal of businesses/assets		(23)
FPL [Member]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Gains (losses) on commodity contracts, recorded as regulatory assets and or liabilities on the balance sheet due to regulatory treatment	$ (7)	$ (3)

Derivative Instruments (Net Not

Derivative Instruments (Net Notional Volumes and Additional Disclosures) (Details) bbl in Millions, MWh in Millions, MMBTU in Millions, $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2021USD ($)MWhMMBTUbbl	Dec. 31, 2020USD ($)MWhMMBTUbbl
Interest Rate Swap [Member]
Derivative [Line Items]
Notional amount | $	$ 10,500	$ 10,500
Currency Swap [Member]
Derivative [Line Items]
Notional amount | $	$ 1,000	$ 1,000
Short [Member] | Commodity contract - Power [Member]
Derivative [Line Items]
Non-monetary net notional amount (in MWh) | MWh	104	90
Short [Member] | Commodity contract - Natural gas [Member]
Derivative [Line Items]
Non-monetary net notional amount (in MMBtu) | MMBTU	811	607
Short [Member] | Commodity contract - Oil [Member]
Derivative [Line Items]
Non-monetary net notional amount (in barrels) | bbl	(23)	(6)
FPL [Member] | Short [Member] | Commodity contract - Oil [Member]
Derivative [Line Items]
Non-monetary net notional amount (in barrels) | bbl	0	0
FPL [Member] | Long [Member] | Commodity contract - Power [Member]
Derivative [Line Items]
Non-monetary net notional amount (in MWh) | MWh	0	0
FPL [Member] | Long [Member] | Commodity contract - Natural gas [Member]
Derivative [Line Items]
Non-monetary net notional amount (in MMBtu) | MMBTU	241	87

Derivative Instruments (Credit-

Derivative Instruments (Credit-Risk-Related Contingent Features) (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Derivative [Line Items]
Fair value of derivative instruments with credit-risk-related contingent features that were in a liability position	$ 1,500	$ 1,900
Total required posted collateral should FPL's and Capital Holdings' credit ratings fall to BBB/Baa2	100	80
Total required posted collateral should FPL's and Capital Holdings' credit ratings fall below investment grade	1,200	1,200
Additional collateral requirements if non-ratings based contract provisions are triggered	385	880
Collateral already posted, aggregate fair value	3	2
Letters of credit posted through the normal course of business that could be applied toward the collateral requirements related to derivative instruments with credit-risk-related contingent features	111	66
FPL [Member]
Derivative [Line Items]
Fair value of derivative instruments with credit-risk-related contingent features that were in a liability position	8	3
Total required posted collateral should FPL's and Capital Holdings' credit ratings fall to BBB/Baa2	0	0
Total required posted collateral should FPL's and Capital Holdings' credit ratings fall below investment grade	35	75
Additional collateral requirements if non-ratings based contract provisions are triggered	85	75
Collateral already posted, aggregate fair value	0	0
Letters of credit posted through the normal course of business that could be applied toward the collateral requirements related to derivative instruments with credit-risk-related contingent features	$ 0	$ 0

Non-Derivative Fair Value Mea_3

Non-Derivative Fair Value Measurements (Assets and Liabilities Measured on a Recurring Basis) (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring [Line Items]
Restricted cash	$ 703	$ 441
Derivatives:
Derivative assets	2,114	2,217
Derivatives:
Derivative liability	1,032	1,510
NEER Segment
Derivatives:
Contingent consideration liabilities	264
Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	699	742
Special use funds:
Equity securities	4,979	4,726
U.S. Government and municipal bonds	775	717
Corporate debt securities	830	871
Mortgage-backed securities	434	422
Other debt securities	139	124
Other investments:
Equity Securities	70	62
Debt securities	239	218
Fair value measurements made on a recurring basis [Member] | Commodity Contract [Member]
Derivatives:
Derivative asset, netting	(2,197)	(2,325)
Derivative assets	1,970	2,154
Derivatives:
Derivative liability, netting	(2,176)	(2,277)
Derivative liability	663	500
Fair value measurements made on a recurring basis [Member] | Interest Rate Contract [Member]
Derivatives:
Derivative asset, netting	(69)	(41)
Derivative assets	149	40
Derivatives:
Derivative liability, netting	(69)	(41)
Derivative liability	349	1,001
Fair value measurements made on a recurring basis [Member] | Foreign Currency Swap [Member]
Derivatives:
Derivative asset, netting	(40)	(34)
Derivative assets	(5)	23
Derivatives:
Derivative liability, netting	(40)	(34)
Derivative liability	20	9
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	699	742
Special use funds:
Equity securities	2,329	2,237
U.S. Government and municipal bonds	712	590
Corporate debt securities	1	1
Mortgage-backed securities	0	0
Other debt securities	0	0
Other investments:
Equity Securities	70	62
Debt securities	104	91
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member] | Commodity Contract [Member]
Derivatives:
Derivative Asset, Gross Asset	775	919
Derivatives:
Derivative Liability, Gross Liability	858	1,004
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member] | Interest Rate Contract [Member]
Derivatives:
Derivative Asset, Gross Asset	0	0
Derivatives:
Derivative Liability, Gross Liability	0	0
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member] | Foreign Currency Swap [Member]
Derivatives:
Derivative Asset, Gross Asset	0	0
Derivatives:
Derivative Liability, Gross Liability	0	0
Significant Other Observable Inputs (Level 2) [Member] | Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	0	0
Special use funds:
Equity securities	2,650	2,489
U.S. Government and municipal bonds	63	127
Corporate debt securities	829	870
Mortgage-backed securities	434	422
Other debt securities	139	124
Other investments:
Equity Securities	0	0
Debt securities	120	127
Significant Other Observable Inputs (Level 2) [Member] | Fair value measurements made on a recurring basis [Member] | Commodity Contract [Member]
Derivatives:
Derivative Asset, Gross Asset	1,893	1,881
Derivatives:
Derivative Liability, Gross Liability	1,639	1,468
Significant Other Observable Inputs (Level 2) [Member] | Fair value measurements made on a recurring basis [Member] | Interest Rate Contract [Member]
Derivatives:
Derivative Asset, Gross Asset	218	81
Derivatives:
Derivative Liability, Gross Liability	418	1,042
Significant Other Observable Inputs (Level 2) [Member] | Fair value measurements made on a recurring basis [Member] | Foreign Currency Swap [Member]
Derivatives:
Derivative Asset, Gross Asset	35	57
Derivatives:
Derivative Liability, Gross Liability	60	43
Significant Unobservable Inputs (Level 3) [Member] | Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	0	0
Special use funds:
Equity securities	0	0
U.S. Government and municipal bonds	0	0
Corporate debt securities	0	0
Mortgage-backed securities	0	0
Other debt securities	0	0
Other investments:
Equity Securities	0	0
Debt securities	15	0
Significant Unobservable Inputs (Level 3) [Member] | Fair value measurements made on a recurring basis [Member] | Commodity Contract [Member]
Derivatives:
Derivative Asset, Gross Asset	1,499	1,679
Derivatives:
Derivative Liability, Gross Liability	342	305
Significant Unobservable Inputs (Level 3) [Member] | Fair value measurements made on a recurring basis [Member] | Interest Rate Contract [Member]
Derivatives:
Derivative Asset, Gross Asset	0	0
Derivatives:
Derivative Liability, Gross Liability	0	0
Significant Unobservable Inputs (Level 3) [Member] | Fair value measurements made on a recurring basis [Member] | Foreign Currency Swap [Member]
Derivatives:
Derivative Asset, Gross Asset	0	0
Derivatives:
Derivative Liability, Gross Liability	0	0
Other Current Assets [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring [Line Items]
Restricted cash	85	111
Other Noncurrent Assets [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring [Line Items]
Restricted cash	9	42
FPL [Member]
Fair Value, Assets and Liabilities Measured on Recurring [Line Items]
Restricted cash	94	135
Derivatives:
Derivative liability		3
FPL [Member] | Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	97	137
Special use funds:
Equity securities	3,196	3,012
U.S. Government and municipal bonds	605	536
Corporate debt securities	618	627
Mortgage-backed securities	328	335
Other debt securities	126	119
Other investments:
Equity Securities	12	12
FPL [Member] | Fair value measurements made on a recurring basis [Member] | Commodity Contract [Member]
Derivatives:
Derivative asset, netting	(1)	0
Derivative assets	2	3
Derivatives:
Derivative liability, netting	(1)	0
Derivative liability	8	3
FPL [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	97	137
Special use funds:
Equity securities	791	752
U.S. Government and municipal bonds	558	449
Corporate debt securities	0	0
Mortgage-backed securities	0	0
Other debt securities	0	0
Other investments:
Equity Securities	12	12
FPL [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member] | Commodity Contract [Member]
Derivatives:
Derivative Asset, Gross Asset	0	0
Derivatives:
Derivative Liability, Gross Liability	0	0
FPL [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	0	0
Special use funds:
Equity securities	2,405	2,260
U.S. Government and municipal bonds	47	87
Corporate debt securities	618	627
Mortgage-backed securities	328	335
Other debt securities	126	119
Other investments:
Equity Securities	0	0
FPL [Member] | Significant Other Observable Inputs (Level 2) [Member] | Fair value measurements made on a recurring basis [Member] | Commodity Contract [Member]
Derivatives:
Derivative Asset, Gross Asset	1	1
Derivatives:
Derivative Liability, Gross Liability	5	0
FPL [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	0	0
Special use funds:
Equity securities	0	0
U.S. Government and municipal bonds	0	0
Corporate debt securities	0	0
Mortgage-backed securities	0	0
Other debt securities	0	0
Other investments:
Equity Securities	0	0
FPL [Member] | Significant Unobservable Inputs (Level 3) [Member] | Fair value measurements made on a recurring basis [Member] | Commodity Contract [Member]
Derivatives:
Derivative Asset, Gross Asset	2	2
Derivatives:
Derivative Liability, Gross Liability	4	3
FPL [Member] | Other Current Assets [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring [Line Items]
Restricted cash	84	91
FPL [Member] | Other Noncurrent Assets [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member] | Fair value measurements made on a recurring basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring [Line Items]
Restricted cash	$ 9	$ 42

Non-Derivative Fair Value Mea_4

Non-Derivative Fair Value Measurements (Fair Value of Instruments Recorded at Other Than Fair Value and Special Use Funds) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Special use funds: nuclear decommissioning fund assets	$ 7,934	$ 7,703
Special Use Funds Storm Fund Assets	76	76
Available for sale debt securities amortized cost	$ 2,134	2,009
Special Use Funds Nuclear Decommissioning Funds Weighted Average Maturity	8 years
Fair Value Assumptions, Expected Term	1 year
Carrying Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Special Use Funds Fair Value Disclosure	$ 853	919
Other Investments Financial Instruments Primarily Notes Receivable Fair Value Disclosure	28	29
Long Term Debt Including Current Maturities Fair Value And Carrying Value	49,902	46,082
Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Special Use Funds Fair Value Disclosure	854	920
Other Investments Financial Instruments Primarily Notes Receivable Fair Value Disclosure	28	29
Long Term Debt Including Current Maturities Fair Value And Carrying Value	53,173	51,525
FPL [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Special use funds: nuclear decommissioning fund assets	5,441	5,271
Special Use Funds Storm Fund Assets	76	76
Available for sale debt securities amortized cost	$ 1,642	1,521
Special Use Funds Nuclear Decommissioning Funds Weighted Average Maturity	8 years
Fair Value Assumptions, Expected Term	1 year
FPL [Member] | Carrying Amount [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Special Use Funds Fair Value Disclosure	$ 644	718
Long Term Debt Including Current Maturities Fair Value And Carrying Value	17,421	17,236
FPL [Member] | Estimated Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Special Use Funds Fair Value Disclosure	645	719
Long Term Debt Including Current Maturities Fair Value And Carrying Value	$ 19,859	$ 21,178

Non-Derivative Fair Value Mea_5

Non-Derivative Fair Value Measurements (Unrealized Gains (Losses) Recognized On Equity Securities Still Held at The Reporting Date) (Details) - Equity Securities [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized gains (losses)	$ 247	$ (808)
FPL [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized gains (losses)	$ 161	$ (502)

Non-Derivative Fair Value Mea_6

Non-Derivative Fair Value Measurements (Gains and Losses on Available-for-sale Debt Securities) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Debt Securities [Member]
Marketable Securities, Available-for-sale [Line Items]
Realized Gains	$ 18	$ 30
Realized Losses	14	17
Proceeds from sale or maturity of securities	548	738
Available for sale securities: Special Use Funds - Debt Securities [Member]
Marketable Securities, Available-for-sale [Line Items]
Unrealized gains	72		$ 134
Unrealized losses	29		9
Fair value	747		201
FPL [Member] | Debt Securities [Member]
Marketable Securities, Available-for-sale [Line Items]
Realized Gains	12	25
Realized Losses	13	15
Proceeds from sale or maturity of securities	390	$ 607
FPL [Member] | Available for sale securities: Special Use Funds - Debt Securities [Member]
Marketable Securities, Available-for-sale [Line Items]
Unrealized gains	56		104
Unrealized losses	21		9
Fair value	$ 537		$ 150

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Effective income tax rate	14.30%	(321.90%)
Production tax credit (PTC), roll off period	10 years

Income Taxes - Reconciliation B

Income Taxes - Reconciliation Between the Effective Income Tax Rates and the Applicable Statutory Rate (Details)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Effective Income Tax Rate Reconciliation [Line Items]
Statutory federal income tax rate	21.00%	21.00%
Increases (reductions) resulting from:
State income taxes - net of federal income tax benefit	0.80%	(61.00%)
Taxes attributable to noncontrolling interests	2.00%	32.70%
PTCs and ITCs - NEER	(5.00%)	(86.50%)
Amortization of deferred regulatory credit	(1.90%)	(55.50%)
Foreign operations	0.20%	(76.90%)
Other - net	(2.80%)	(95.70%)
Effective income tax rate	14.30%	(321.90%)
FPL [Member]
Effective Income Tax Rate Reconciliation [Line Items]
Statutory federal income tax rate	21.00%	21.00%
Increases (reductions) resulting from:
State income taxes - net of federal income tax benefit	4.40%	4.30%
Taxes attributable to noncontrolling interests	0.00%	0.00%
PTCs and ITCs - NEER	0.00%	0.00%
Amortization of deferred regulatory credit	(3.40%)	(4.80%)
Foreign operations	0.00%	0.00%
Other - net	(0.80%)	(2.70%)
Effective income tax rate	21.20%	17.80%

Acquisitions (Details)

Acquisitions (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)	Jan. 01, 2021USD ($)	Dec. 31, 2020USD ($)	Sep. 29, 2020utlitystatemi
Business Acquisition [Line Items]
Carrying amount of assets, consolidated variable interest entity	$ 132,441		$ 127,684
Goodwill	4,853		$ 4,254
FPL
Business Acquisition [Line Items]
Carrying amount of assets, consolidated variable interest entity		$ 6,700
Property, plant and equipment		4,900
Regulatory assets		1,200
Assumed liabilities		3,900
Business combination, recognized identifiable assets acquired and liabilities assumed, noncurrent liabilities, long-term debt		1,800
Deferred income taxes		729
Regulatory liabilities		566
Goodwill		$ 2,700
GridLiance [Member] | NextEra Energy Transmission, LLC Subsidiary [Member]
Business Acquisition [Line Items]
Assumed liabilities	222
Goodwill	599
Number of FERC-r transmission utilities | utlity				3
Number of miles of power lines | mi				700
Number of states in which entity operates | state				6
Debt assumed	175
Assets assumed	389
Goodwill, Expected Tax Deductible Amount	597
Contingent consideration liabilities	264
Cash purchase price	$ 502
GridLiance [Member] | NextEra Energy Transmission, LLC Subsidiary [Member] | Midwest And Nevada [Member]
Business Acquisition [Line Items]
Number of states in which entity operates | state				5

NEP (Details)

NEP (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Schedule of Investments [Line Items]
Investment in equity method investees	$ 6,049		$ 5,728
Guarantor obligations, current carrying value	288
Debt instrument, fair value disclosure	32
NextEra Energy Partners [Member]
Schedule of Investments [Line Items]
Guarantor obligations, current carrying value	577
Cash Sweep And Credit Support Agreement [Member] | NEER [Member]
Schedule of Investments [Line Items]
Fee income	33	$ 28
Due from related parties, current	68		68
Due from related parties, noncurrent	33		32
Cash Sweep And Credit Support Agreement [Member] | NEER [Member] | NextEra Energy Partners [Member]
Schedule of Investments [Line Items]
Due to related parties	$ 84		$ 10

NEP (Summarized Financial Infor

NEP (Summarized Financial Information) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Schedule of Investments [Line Items]
Operating revenues	$ 3,726	$ 4,613
Operating Income	669	1,981
Net Income	1,498	308
Net income (loss) attributable to NEE	1,666	421
NextEra Energy Partners [Member]
Schedule of Investments [Line Items]
Operating revenues	246	212
Operating Income	78	49
Net Income	571	(720)
Net income (loss) attributable to NEE	$ 202	$ (222)

Variable Interest Entities (V_2

Variable Interest Entities (VIEs) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)variable_interest_entityentitymiMW	Dec. 31, 2020USD ($)
Variable Interest Entity [Line Items]
Carrying amount of assets, consolidated variable interest entity	$ 132,441	$ 127,684
Carrying amount of liabilities, consolidated variable interest entity	86,711	82,755
Investment in equity method investees	$ 6,049	5,728
NEER Segment
Variable Interest Entity [Line Items]
Total number of consolidated variable interest entities | variable_interest_entity	40
Other variable interest entities [Member]
Variable Interest Entity [Line Items]
Investments in special purpose entities	$ 4,025	3,704
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Carrying amount of assets, consolidated variable interest entity	501	423
Carrying amount of liabilities, consolidated variable interest entity	$ 91	68
Electricity Transmission Line (in miles) | mi	280
Percentage of profits and losses	50.00%
FPL [Member]
Variable Interest Entity [Line Items]
Carrying amount of assets, consolidated variable interest entity	$ 72,097	71,001	[1]
Carrying amount of liabilities, consolidated variable interest entity	41,057	41,773	[1]
FPL [Member] | Other variable interest entities [Member]
Variable Interest Entity [Line Items]
Investments in special purpose entities	$ 3,399	3,124
NextEra Energy Resources [Member] | Variable Interest Entities Gas And Oil Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Total number of consolidated variable interest entities | variable_interest_entity	2
Carrying amount of assets, consolidated variable interest entity	$ 184	188
Carrying amount of liabilities, consolidated variable interest entity	$ 24	22
Natural gas and or oil electric generating facility capacity (in megawatts) | MW	1,450
NextEra Energy Resources [Member] | Variable Interest Entities Wind and Solar Primary Beneficiary [Member] [Member]
Variable Interest Entity [Line Items]
Total number of consolidated variable interest entities | variable_interest_entity	33
Carrying amount of assets, consolidated variable interest entity	$ 16,200	16,200
Carrying amount of liabilities, consolidated variable interest entity	$ 1,400	1,700
Solar generating facility capability (in MW) | MW	778
Wind electric generating facility capability (in megawatts) | MW	10,513
NextEra Energy Resources [Member] | Variable Interest Entities Wind and Solar PV Facilities [Member[
Variable Interest Entity [Line Items]
Carrying amount of assets, consolidated variable interest entity	$ 1,600	1,600
Carrying amount of liabilities, consolidated variable interest entity	$ 100	400
Ownership percentage	10.00%
Solar generating facility capability (in MW) | MW	599
Wind electric generating facility capability (in megawatts) | MW	400
Indirect Subsidiary of NextEra Energy Resources [Member] | Photovoltaic Solar Facility [Member]
Variable Interest Entity [Line Items]
Total number of consolidated variable interest entities | variable_interest_entity	3
Carrying amount of assets, consolidated variable interest entity	$ 756	751
Carrying amount of liabilities, consolidated variable interest entity	$ 573	607
Ownership percentage	50.00%
Number of entities with ownership interest contributed | variable_interest_entity	5
Solar generating facility capability (in MW) | MW	409
Other Investments [Member] | Subsidiaries of NEE [Member]
Variable Interest Entity [Line Items]
Investment in equity method investees	$ 4,267	$ 3,932
Number of entities committed to invest in | entity	5
[1]	Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.

Employee Retirement Benefits (D

Employee Retirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Pension Benefits [Member]
Net periodic benefit (income) cost [Abstract]
Service cost	$ 22	$ 21
Interest cost	16	23
Expected return on plan assets	(85)	(80)
Amortization of prior service benefit	0	0
Amortization of actuarial loss	6	4
Special termination benefits	0	2
Net periodic benefit (income) cost	(41)	(30)
Postretirement Benefits [Member]
Net periodic benefit (income) cost [Abstract]
Service cost	1	0
Interest cost	1	2
Expected return on plan assets	0	0
Amortization of prior service benefit	(4)	(4)
Amortization of actuarial loss	1	1
Special termination benefits	0	0
Net periodic benefit (income) cost	(1)	(1)
FPL [Member] | Pension Benefits [Member]
Net periodic benefit (income) cost [Abstract]
Net periodic benefit (income) cost	(27)	(21)
FPL [Member] | Postretirement Benefits [Member]
Net periodic benefit (income) cost [Abstract]
Net periodic benefit (income) cost	$ (1)	$ (1)

Debt - Long-term Debt Issuances

Debt - Long-term Debt Issuances and Borrowings (Details)	3 Months Ended
	Mar. 31, 2021USD ($)
FPL [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Principal Amount	$ 184,000,000
Interest Rate Terms	Variable
NextEra Energy Capital Holdings, Inc. [Member] | Debentures variable [Member]
Debt Instrument [Line Items]
Principal Amount	$ 2,150,000,000
Interest Rate Terms	Variable
NextEra Energy Capital Holdings, Inc. [Member] | Debentures [Member]
Debt Instrument [Line Items]
Principal Amount	$ 2,000,000,000
Interest Rate (as a percent)	0.65%
NextEra Energy Capital Holdings, Inc. [Member] | Term Loan [Member]
Debt Instrument [Line Items]
Principal Amount	$ 200,000,000
Interest Rate Terms	Variable

Equity (Earnings Per Share) (De

Equity (Earnings Per Share) (Details) $ / shares in Units, $ in Millions	Sep. 14, 2020shares	Mar. 31, 2021USD ($)$ / sharesshares	Mar. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2020shares	Oct. 26, 2020shares
Reconciliation of basic and diluted earnings per share of common stock [Abstract]
Numerator - net income attributable to NEE(a) | $		$ 1,666	$ 421
Denominator:
Weighted-average number of common shares outstanding - basic		1,961,600,000	1,957,000,000
Equity units, stock options, performance share awards and restricted stock		11,400,000	10,000,000
Weighted-average number of common shares outstanding - assuming dilution		1,973,000,000	1,967,000,000
Earnings per share attributable to NEE:
Basic (in dollars per share) | $ / shares		$ 0.85	$ 0.21
Assuming dilution (in dollars per share) | $ / shares		$ 0.84	$ 0.21
Class of Stock [Line Items]
Antidilutive securities (in shares)		58,400,000	24,700,000
Stock split, conversion ratio	4
Common stock, shares authorized (in shares)	800,000,000	3,200,000,000		3,200,000,000	3,200,000,000

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Dec. 31, 2020
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other comprehensive income (loss) before reclassifications		$ (2)		$ (43)
Amounts reclassified from AOCI		0		4
Total other comprehensive loss, net of tax	$ (2)	(2)	$ (39)	(39)
Impact of disposal of a business			10
Attributable to noncontrolling interests	2		(6)
Attributable to NEE	(98)		(192)		$ (92)
Net Unrealized Gains (Losses) on Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	8		(27)
Other comprehensive income (loss) before reclassifications		0		0
Amounts reclassified from AOCI		2		2
Total other comprehensive loss, net of tax		2		2
Impact of disposal of a business			23
Attributable to noncontrolling interests	0		0
Attributable to NEE	10		(2)
Ending balance		10		(2)
Net Unrealized Gains (Losses) on Available for Sale Securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	20		11
Other comprehensive income (loss) before reclassifications		(8)		(8)
Amounts reclassified from AOCI		(3)		(1)
Total other comprehensive loss, net of tax		(11)		(9)
Impact of disposal of a business			0
Attributable to noncontrolling interests	0		0
Attributable to NEE	9		2
Ending balance		9		2
Defined Benefit Pension and Other Benefits Plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(75)		(114)
Other comprehensive income (loss) before reclassifications		0		0
Amounts reclassified from AOCI		1		3
Total other comprehensive loss, net of tax		1		3
Impact of disposal of a business			0
Attributable to noncontrolling interests	0		0
Attributable to NEE	(74)		(111)
Ending balance		(74)		(111)
Net Unrealized Gains (Losses) on Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(49)		(42)
Other comprehensive income (loss) before reclassifications		6		(35)
Amounts reclassified from AOCI		0		0
Total other comprehensive loss, net of tax		6		(35)
Impact of disposal of a business			(13)
Attributable to noncontrolling interests	2		(6)
Attributable to NEE	(47)		(84)
Ending balance		(45)		(90)
Other Comprehensive Income (Loss) Related to Equity Method Investees
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	4		3
Other comprehensive income (loss) before reclassifications		0		0
Amounts reclassified from AOCI		0		0
Total other comprehensive loss, net of tax		0		0
Impact of disposal of a business			0
Attributable to noncontrolling interests	0		0
Attributable to NEE	4		3
Ending balance		4		3
AOCI Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(92)		(169)
Total other comprehensive loss, net of tax	$ (5)		$ (33)
Ending balance		$ (96)		$ (198)

Summary of Significant Accoun_4

Summary of Significant Accounting and Reporting Policies (Details) $ in Thousands, € in Millions	Jan. 01, 2023USD ($)	Feb. 11, 2020solar_generation_facilityMW	Jan. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2026USD ($)	Mar. 31, 2025USD ($)	Mar. 31, 2021USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2026MW	Dec. 31, 2025MW	Dec. 31, 2020USD ($)		Mar. 31, 2020EUR (€)
Accounting Policies [Line Items]
Restricted Cash and Cash Equivalents				$ 703,000			$ 703,000				$ 441,000
Restricted cash related to margin cash collateral that is netted against derivative instruments				60,000			60,000				183,000
restricted cash related to margin cash collateral that is netted against derivative liabilities				45,000			45,000				136,000
Gain in connection with sale							(14,000)	$ (273,000)
Retained earnings				26,273,000			26,273,000				25,363,000
Bad Debt Expense							152,000	11,000
Gulf Power Segment
Accounting Policies [Line Items]
Regulatory Assets, Coal Generating Assets, Remaining Net Book Value				462,000			462,000
Hurricane Sally | Gulf Power Segment
Accounting Policies [Line Items]
Recoverable storm costs				187,000
FPL [Member]
Accounting Policies [Line Items]
Restricted Cash and Cash Equivalents				94,000			94,000				135,000
Retained earnings				10,396,000			10,396,000				9,619,000	[1]
FPL [Member] | Forecast [Member]
Accounting Policies [Line Items]
Base Rate Plan Term			4 years
Increase In Base Rate Revenues	$ 607,000		$ 1,108,000
Renewable Energy Assets, Power Generation Capacity | MW									894	894
Base Rate Adjustments, Renewable Energy Assets					$ 140,000	$ 140,000
Regulatory Return On Common Equity			11.50%
Basis Point Incentive			0.50%
Combined Utility Rate Plan Term			2 years
Separate Utility Rate Plan Term			2 years
Other Current Assets [Member]
Accounting Policies [Line Items]
Restricted cash and cash equivalents, current				669,000			669,000				374,000
Other Current Assets [Member] | FPL [Member]
Accounting Policies [Line Items]
Restricted cash and cash equivalents, current				$ 84,000			$ 84,000				$ 93,000
Two solar generation facilities located in Spain [Member] | Disposed of by Sale [Member]
Accounting Policies [Line Items]
Gain in connection with sale								260,000
Gain (after tax) in connection with sale								260,000
Two solar generation facilities located in Spain [Member] | Disposed of by Sale [Member] | NextEra Energy Resources [Member]
Accounting Policies [Line Items]
Number of generation facilities sold | solar_generation_facility		2
Generating capacity (MW) | MW		99.8
Purchase price								$ 121,000					€ 111
[1]	Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.

Summary of Significant Accoun_5

Summary of Significant Accounting and Reporting Policies - Property, Plant and Equiptment (Details) - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Electric plant in service and other property	$ 107,395	$ 105,860
Nuclear fuel	1,657	1,604
Construction work in progress	12,192	10,639
Property, plant and equipment, gross	121,244	118,103
Accumulated depreciation and amortization	(26,940)	(26,300)
Property, plant and equipment – net	94,304	91,803
Electric utility plant and other property - net	54,918	53,879
FPL [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	70,757	69,467
Electric plant in service and other property	64,018	62,963
Nuclear fuel	1,178	1,143
Construction work in progress	5,561	5,361
Accumulated depreciation and amortization	(15,839)	(15,588)
Electric utility plant and other property - net	$ 54,918	$ 53,879	[1]
[1]	Amounts have been retrospectively adjusted to reflect the merger of FPL and Gulf Power Company, see Note 5 - Merger of FPL and Gulf Power Company.

Commitments and Contingencies_2

Commitments and Contingencies (Planned Capital Expenditures) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)MW
Planned Capital Expenditures [Line Items]
Guarantor obligations, current carrying value	$ 288
FPL Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	5,340
2022	6,630
2023	6,480
2024	6,710
2025	6,695
Total	31,855
Gulf Power Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	705
2022	695
2023	625
2024	685
2025	685
Total	3,395
NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	4,700
2022	1,290
2023	490
2024	320
2025	325
Total	7,125
New Generation Expenditures [Member] | FPL Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	640
2022	880
2023	1,030
2024	1,050
2025	760
Total	4,360
Existing Generation Expenditures [Member] | FPL Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	880
2022	1,155
2023	1,005
2024	945
2025	695
Total	4,680
Transmission And Distribution Expenditures [Member] | FPL Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	3,035
2022	3,665
2023	3,575
2024	3,925
2025	4,300
Total	18,500
Allowance for funds used during construction (AFUDC) - remainder of 2021	40
Allowance for funds used during construction (AFUDC) - 2022	50
Allowance for funds used during construction (AFUDC) - 2023	40
Allowance for funds used during construction (AFUDC) - 2024	55
Allowance for funds used during construction (AFUDC) - 2025	45
Nuclear Fuel Expenditures [Member] | FPL Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	185
2022	170
2023	120
2024	145
2025	145
Total	765
General And Other Expenditures [Member] | FPL Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	600
2022	760
2023	750
2024	645
2025	795
Total	3,550
Wind Expenditures [Member] | NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	1,755
2022	75
2023	30
2024	30
2025	20
Total	$ 1,910
Planned new generation over 5 year period (in megawatts) | MW	2,509
Solar Expenditures [Member] | NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	$ 1,445
2022	660
2023	190
2024	10
2025	10
Total	$ 2,315
Planned new generation over 5 year period (in megawatts) | MW	2,866
Battery Storage Expenditures [Member] | NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	$ 195
2022	0
2023	0
2024	0
2025	0
Total	195
Nuclear Expenditures [Member] | NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	190
2022	190
2023	145
2024	190
2025	200
Total	915
Pipelines [Member] | NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	360
2022	150
2023	5
2024	0
2025	0
Total	515
Rate-Regulated Transmission [Member] | NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	175
2022	100
2023	20
2024	15
2025	30
Total	340
Other Expenditures [Member] | NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2021	580
2022	115
2023	100
2024	75
2025	65
Total	935
Generation Expenditures [Member] | FPL Segment
Planned Capital Expenditures [Line Items]
Allowance for funds used during construction (AFUDC) - remainder of 2021	60
Allowance for funds used during construction (AFUDC) - 2022	50
Allowance for funds used during construction (AFUDC) - 2023	35
Allowance for funds used during construction (AFUDC) - 2024	35
Allowance for funds used during construction (AFUDC) - 2025	$ 25

Commitments and Contingencies_3

Commitments and Contingencies (Long-term Purchase Commitment) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
NEER Segment
Required capacity and/or minimum payments [Abstract]
Remainder of 2021	$ 3,430
2022	955
2023	210
2024	210
2025	140
Thereafter	1,785
Commitment to invest	50
Joint Obligations Remainder Current Year	580
Joint Obligations Second Year	10
Joint Obligations Third Year	10
Joint Obligations Fourth Year	10
Joint Obligations Fifth Year	5
Contract Group 1 [Member] | NEER Segment
Long-term Purchase Commitment [Line Items]
Commitment amount included in capital expenditures	4,200
Mountain Valley Pipeline [Member] | NEER Segment
Required capacity and/or minimum payments [Abstract]
2022	25
2023	70
2024	70
2025	70
Thereafter	$ 1,155
Equity method investment, ownership percentage	31.50%
FPL [Member]
Required capacity and/or minimum payments [Abstract]
Remainder of 2021	$ 780
2022	970
2023	955
2024	940
2025	890
Thereafter	9,365
Related Party Transaction, Amounts of Transaction	103	$ 79
FPL [Member] | Sabal Trail and Florida Southeast Connection [Member] | Natural Gas, Including Transportation And Storage, Contract Minimum Payments [Member]
Required capacity and/or minimum payments [Abstract]
Remainder of 2021	315
2022	415
2023	410
2024	410
2025	405
Thereafter	6,360
Consolidation, Eliminations [Member] | FPL [Member]
Required capacity and/or minimum payments [Abstract]
Related Party Transaction, Amounts of Transaction	$ 26	$ 27

Commitments and Contingencies_4

Commitments and Contingencies (Insurance) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Insurance [Abstract]
Maximum obtainable amount of private liability insurance available under Price-Anderson Act	$ 450
Amount of secondary financial protection liability insurance coverage per incident	13,200
Potential retrospective assessments under secondary financial protection system	1,100
Potential retrospective assessments under secondary financial protection system payable per incident per year	164
Amount of coverage per occurrence per site for property damage, decontamination and premature decommissioning risks	2,750
Amount of sublimit for nonnuclear perils per occurrence per site under nuclear insurance mutual companies for property damage decontamination and premature decommissioning risks	$ 1,500
Coinsurance, percent	10.00%
Coinsurance, limit of coverage per loss per site occurrence	$ 400
Potential amount of retrospective assessment per occurrence per site for property damage, decontamination and premature decommissioning risks	173
FPL [Member]
Insurance [Abstract]
Potential retrospective assessments under secondary financial protection system	550
Potential retrospective assessments under secondary financial protection system payable per incident per year	82
Potential amount of retrospective assessment per occurrence per site for property damage, decontamination and premature decommissioning risks	106
Duane Arnold Energy Center Insurance [Member]
Insurance [Abstract]
Amount of sublimit for nonnuclear perils per occurrence per site under nuclear insurance mutual companies for property damage decontamination and premature decommissioning risks	500
Seabrook Station Insurance [Member]
Insurance [Abstract]
Potential retrospective assessment recoverable from minority interest for nuclear liability secondary financial protection	16
Potential retrospective assessment recoverable from minority interest for property damage, decontamination and premature decommissioning risks	2
Duane Arnold Energy Center Insurance [Member]
Insurance [Abstract]
Potential retrospective assessment recoverable from minority interest for nuclear liability secondary financial protection	41
Potential retrospective assessment recoverable from minority interest for property damage, decontamination and premature decommissioning risks	4
St Lucie Unit No 2 Insurance [Member]
Insurance [Abstract]
Potential retrospective assessment recoverable from minority interest for nuclear liability secondary financial protection	20
Potential retrospective assessment recoverable from minority interest for property damage, decontamination and premature decommissioning risks	$ 4

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Operating revenues	$ 3,726	$ 4,613
Operating expenses - net	3,071	2,905
Net income (loss) attributable to NEE	1,666	421
Net Income	$ 1,498	308
Deemed capital structure of NextEra Energy Resources	70.00%
Total assets	$ 132,441		$ 127,684
Operating Segments [Member] | Gulf Power Segment
Segment Reporting Information [Line Items]
Operating revenues	347	328
Operating expenses - net	276	270
Net Income	57	40
Total assets	6,732		6,725
Operating Segments [Member] | FPL Segment
Segment Reporting Information [Line Items]
Operating revenues	2,623	2,540
Operating expenses - net	1,580	1,625
Net income (loss) attributable to NEE		642
Net Income	720
Total assets	62,708		61,610
Operating Segments [Member] | NEER Segment
Segment Reporting Information [Line Items]
Operating revenues	781	1,773
Operating expenses - net	1,172	980
Net income (loss) attributable to NEE	491	318
Total assets	59,318		55,633
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Operating revenues	(25)	(28)
Operating expenses - net	43	30
Net income (loss) attributable to NEE	398	(579)
Total assets	3,683		3,716
Corporate and Other [Member] | FPL [Member]
Segment Reporting Information [Line Items]
Operating revenues	0	0
Operating expenses - net	0	(1)
Net Income	0	$ 0
Total assets	$ 2,657		$ 2,666