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Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2019
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 December 31, 2019 and December 31, 2018, 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 (see Note 5 - Recurring Fair Value Measurements for netting information), as well as the location of the net derivative position on the consolidated balance sheets.
| December 31, 2019
| Gross Basis |  | Net Basis
| Assets |  | Liabilities |  | Assets |  | Liabilities
| (millions)
NEE: |  |  |  |  |  |  |
Commodity contracts | $ | 5,050 |  |  | $ | 3,201 |  |  | $ | 2,350 |  |  | $ | 576 |
Interest rate contracts | 26 |  |  | 742 |  |  | 9 |  |  | 725 |
Foreign currency contracts | 26 |  |  | 38 |  |  | 27 |  |  | 39 |
Total fair values | $ | 5,102 |  |  | $ | 3,981 |  |  | $ | 2,386 |  |  | $ | 1,340 |
FPL: |  |  |  |  |  |  |
Commodity contracts | $ | 4 |  |  | $ | 14 |  |  | $ | 3 |  |  | $ | 13 |
Net fair value by NEE balance sheet line item: |  |  |  |  |  |  |
Current derivative assets(a) |  |  |  |  | $ | 762 |  |  |
Noncurrent derivative assets(b) |  |  |  |  | 1,624 |  |  |
Current derivative liabilities(c) |  |  |  |  |  |  | $ | 344 |
Current other liabilities(d) |  |  |  |  |  |  | 133 |
Noncurrent derivative liabilities |  |  |  |  |  |  | 863 |
Total derivatives |  |  |  |  | $ | 2,386 |  |  | $ | 1,340 |
Net fair value by FPL balance sheet line item: |  |  |  |  |  |  |
Current other assets |  |  |  |  | $ | 3 |  |  |
Current other liabilities |  |  |  |  |  |  | $ | 12 |
Noncurrent other liabilities |  |  |  |  |  |  | 1 |
Total derivatives |  |  |  |  | $ | 3 |  |  | $ | 13 |
______________________
(a) | Reflects the netting of approximately $2 million in margin cash collateral received from counterparties.
(b) | Reflects the netting of approximately $139 million in margin cash collateral received from counterparties.
(c) | Reflects the netting of approximately $66 million in margin cash collateral paid to counterparties.
(d) | See Note 1 - Disposal of Businesses/Assets.
| December 31, 2018
| Gross Basis |  | Net Basis
| Assets |  | Liabilities |  | Assets |  | Liabilities
| (millions)
NEE: |  |  |  |  |  |  |
Commodity contracts | $ | 4,651 |  |  | $ | 3,305 |  |  | $ | 1,840 |  |  | $ | 683 |
Interest rate contracts | 56 |  |  | 472 |  |  | 49 |  |  | 465 |
Foreign currency contracts | 17 |  |  | 30 |  |  | 30 |  |  | 43 |
Total fair values | $ | 4,724 |  |  | $ | 3,807 |  |  | $ | 1,919 |  |  | $ | 1,191 |
FPL: |  |  |  |  |  |  |
Commodity contracts | $ | 2 |  |  | $ | 43 |  |  | $ | — |  |  | $ | 41 |
Net fair value by NEE balance sheet line item: |  |  |  |  |  |  |
Current derivative assets(a) |  |  |  |  | $ | 564 |  |  |
Noncurrent derivative assets(b) |  |  |  |  | 1,355 |  |  |
Current derivative liabilities |  |  |  |  |  |  | $ | 675 |
Noncurrent derivative liabilities |  |  |  |  |  |  | 516 |
Total derivatives |  |  |  |  | $ | 1,919 |  |  | $ | 1,191 |
Net fair value by FPL balance sheet line item: |  |  |  |  |  |  |
Current other liabilities |  |  |  |  |  |  | $ | 32 |
Noncurrent other liabilities |  |  |  |  |  |  | 9 |
Total derivatives |  |  |  |  | $ | — |  |  | $ | 41 |
______________________
(a) | Reflects the netting of approximately $124 million in margin cash collateral received from counterparties.
(b) | Reflects the netting of approximately $65 million in margin cash collateral received from counterparties.
Net notional volumes | NEE and FPL had derivative commodity contracts for the following net notional volumes:
|  | December 31, 2019 |  | December 31, 2018
Commodity Type |  | NEE |  | FPL |  | NEE |  | FPL
|  | (millions)
Power |  | (81 | ) |  | MWh(a) |  | 1 |  |  | MWh(a) |  | (100 | ) |  | MWh(a) |  | 1 |  |  | MWh(a)
Natural gas |  | (1,723 | ) |  | MMBtu(b) |  | 161 |  |  | MMBtu(b) |  | (491 | ) |  | MMBtu(b) |  | 231 |  |  | MMBtu(b)
Oil |  | (13 | ) |  | barrels |  | — |  |  |  |  | (30 | ) |  | barrels |  | — |  |  |
______________________
(a) | Megawatt-hours
(b) One million British thermal units
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 consolidated statements of income as follows:
| Years Ended December 31,
| 2019 |  | 2018 |  | 2017
| (millions)
Commodity contracts:(a) |  |  |  |  |
Operating revenues | $ | 762 |  |  | $ | 377 |  |  | $ | 454 |
Fuel, purchased power and interchange | — |  |  | (2 | ) |  | — |
Foreign currency contracts - interest expense | (7 | ) |  | 19 |  |  | 55 |
Foreign currency contracts - other - net | — |  |  | — |  |  | (4 | )
Interest rate contracts - interest expense | (699 | ) |  | (280 | ) |  | (223 | )
Losses reclassified from AOCI to interest expense: |  |  |  |  |
Interest rate contracts | (32 | ) |  | (30 | ) |  | (48 | )
Foreign currency contracts | (4 | ) |  | (4 | ) |  | (81 | )
Total | $ | 20 |  |  | $ | 80 |  |  | $ | 153 |
______________________ (a) For the years ended December 31, 2019, 2018 and 2017, FPL recorded gains (losses) of approximately $9 million, $(31) million and $(169) million, respectively, related to commodity contracts as regulatory liabilities (assets) on its consolidated balance sheets.

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