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v3.19.3.a.u2

Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Debt Disclosure [Abstract] |
Debt Issuances and Borrowings by Subsidiaries | Long-term debt consists of the following:
| December 31,
| 2019 |  | 2018
| Maturity Date |  | Balance |  | Weighted- Average Interest Rate |  | Balance |  | Weighted- Average Interest Rate
|  |  | (millions) |  |  |  | (millions) |  |
FPL: |  |  |  |  |  |  |  |  |
First mortgage bonds - fixed | 2020-2049 |  | $ | 12,005 |  |  | 4.46 | % |  | $ | 10,626 |  |  | 4.60 | %
Storm-recovery bonds - fixed |  |  | — |  |  |  |  |  | 74 |  |  | 5.26 | %
Pollution control, solid waste disposal and industrial development revenue bonds - primarily variable(a) | 2020-2049 |  | 1,076 |  |  | 1.67 | % |  | 1,022 |  |  | 2.04 | %
Senior unsecured notes - variable(b)(c) | 2022-2069 |  | 1,236 |  |  | 2.18 | % |  | 193 |  |  | 2.40 | %
Unamortized debt issuance costs and discount |  |  | (156 | ) |  |  |  | (132 | ) |  |
Total long-term debt of FPL |  |  | 14,161 |  |  |  |  | 11,783 |  |  |
Less current portion of long-term debt |  |  | 30 |  |  |  |  | 95 |  |  |
Long-term debt of FPL, excluding current portion |  |  | 14,131 |  |  |  |  | 11,688 |  |  |
GULF POWER: |  |  |  |  |  |  |  |  |
Senior unsecured notes - fixed | 2020-2044 |  | 990 |  |  | 4.17 | % |  | — |  |  |
Other long-term debt - primarily variable(a) | 2021-2049 |  | 709 |  |  | 1.93 | % |  | — |  |  |
Unamortized debt issuance costs and discount |  |  | (14 | ) |  |  |  | — |  |  |
Total long-term debt of Gulf Power |  |  | 1,685 |  |  |  |  | — |  |  |
Less current portion of long-term debt |  |  | 175 |  |  |  |  | — |  |  |
Long-term debt of Gulf Power, excluding current portion |  |  | 1,510 |  |  |  |  | — |  |  |
NEER: |  |  |  |  |  |  |  |  |  |
NextEra Energy Resources: |  |  |  |  |  |  |  |  |
Senior secured limited-recourse long-term debt - primarily variable(c)(d) | 2023-2049 |  | 3,419 |  |  | 3.79 | % |  | 4,193 |  |  | 4.38 | %
Other long-term debt - primarily variable(c)(d) | 2024-2040 |  | 440 |  | (e) | 3.78 | % |  | 601 |  |  | 2.57 | %
NEET - long-term debt - primarily fixed(d) | 2021-2049 |  | 837 |  |  | 3.50 | % |  | 325 |  |  | 3.73 | %
Unamortized debt issuance costs and premium - net |  |  | (74 | ) |  |  |  | (95 | ) |  |
Total long-term debt of NEER |  |  | 4,622 |  |  |  |  | 5,024 |  |  |
Less current portion of long-term debt |  |  | 215 |  |  |  |  | 602 |  |  |
Long-term debt of NEER, excluding current portion |  |  | 4,407 |  |  |  |  | 4,422 |  |  |
NEECH: |  |  |  |  |  |  |  |  |  |
Debentures - fixed(d) | 2020-2029 |  | 9,550 |  |  | 3.05 | % |  | 4,300 |  |  | 3.21 | %
Debentures - variable(c) | 2020-2022 |  | 1,375 |  |  | 3.00 | % |  | 2,341 |  |  | 3.11 | %
Debentures, related to NEE's equity units - fixed | 2024 |  | 1,500 |  |  | 2.10 | % |  | 1,500 |  |  | 1.65 | %
Junior subordinated debentures - primarily fixed(d) | 2057-2079 |  | 4,643 |  |  | 5.13 | % |  | 3,456 |  |  | 4.99 | %
Japanese yen denominated long-term debt - primarily variable(c)(d)(f) | 2020-2030 |  | 645 |  |  | 3.10 | % |  | 637 |  |  | 3.10 | %
Australian dollar denominated long-term debt - fixed(f) | 2026 |  | 351 |  |  | 2.59 | % |  | — |  |  |  |
Other long-term debt - fixed | 2020-2021 |  | 524 |  |  | 2.00 | % |  | 543 |  |  | 1.95 | %
Other long-term debt - variable(c) | 2021 |  | 750 |  |  | 2.60 | % |  | — |  |  |  |
Unamortized debt issuance costs and discount |  |  | (139 | ) |  |  |  | (86 | ) |  |
Total long-term debt of NEECH |  |  | 19,199 |  |  |  |  | 12,691 |  |  |
Less current portion of long-term debt |  |  | 1,704 |  |  |  |  | 2,019 |  |  |
Long-term debt of NEECH, excluding current portion |  |  | 17,495 |  |  |  |  | 10,672 |  |  |
Total long-term debt |  |  | $ | 37,543 |  |  |  |  | $ | 26,782 |  |  |
______________________
(a) | Includes variable rate tax exempt bonds that permit individual bondholders to tender the bonds for purchase at any time prior to maturity. In the event these variable rate tax exempt bonds are tendered for purchase, they would be remarketed by a designated remarketing agent in accordance with the related indenture. If the remarketing is unsuccessful, FPL or Gulf Power, as the case may be, would be required to purchase the variable rate tax exempt bonds. At December 31, 2019, variable rate tax exempt bonds totaled approximately $948 million at FPL and $269 million at Gulf Power. All variable rate tax exempt bonds tendered for purchase have been successfully remarketed. FPL's and Gulf Power's syndicated revolving credit facilities, as the case may be, are available to support the purchase of the variable rate tax exempt bonds. Variable interest rate is established at various intervals by the remarketing agent. Gulf Power's remaining debt is primarily variable which is based on an underlying index plus a margin.
(b) | Includes approximately $236 million of floating rate notes that permit individual noteholders to require repayment prior to maturity. FPL’s syndicated revolving credit facilities are available to support the purchase of the senior unsecured notes.
(c) | Variable rate is based on an underlying index plus a specified margin.
(d) | Interest rate contracts, primarily swaps, have been entered into with respect to certain of these debt issuances. See Note 4.
(e) | Excludes approximately $463 million classified as held for sale, which is included in current other liabilities on NEE's consolidated balance sheets. See Note 1 - Disposal of Businesses/Assets.
(f) | Foreign currency contracts have been entered into with respect to these debt issuances. See Note 4.

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