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Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Information | NEE's segment information is as follows:
| 2019
| FPL |  | Gulf Power(a) |  | NEER(b) |  | Corp. and Other |  | NEE Consolidated
| (millions)
Operating revenues | $ | 12,192 |  |  | $ | 1,487 |  |  | $ | 5,639 |  |  | $ | (114 | ) |  | $ | 19,204 |
Operating expenses - net | $ | 8,890 |  |  | $ | 1,216 |  |  | $ | 3,635 |  |  | $ | 110 |  |  | $ | 13,851 |
Interest expense | $ | 594 |  |  | $ | 55 |  |  | $ | 873 |  |  | $ | 727 |  |  | $ | 2,249 |
Interest income | $ | 5 |  |  | $ | 3 |  |  | $ | 38 |  |  | $ | 8 |  |  | $ | 54 |
Depreciation and amortization | $ | 2,524 |  |  | $ | 247 |  |  | $ | 1,387 |  |  | $ | 58 |  |  | $ | 4,216 |
Equity in earnings (losses) of equity method investees | $ | — |  |  | $ | — |  |  | $ | 67 |  |  | $ | (1 | ) |  | $ | 66 |
Income tax expense (benefit)(c) | $ | 441 |  |  | $ | 42 |  |  | $ | 162 |  |  | $ | (197 | ) |  | $ | 448 |
Net income (loss) | $ | 2,334 |  |  | $ | 180 |  |  | $ | 1,426 |  |  | $ | (552 | ) |  | $ | 3,388 |
Net income (loss) attributable to NEE | $ | 2,334 |  |  | $ | 180 |  |  | $ | 1,807 |  |  | $ | (552 | ) |  | $ | 3,769 |
Capital expenditures, independent power and other investments and nuclear fuel purchases | $ | 5,755 |  |  | $ | 729 |  |  | $ | 6,505 |  |  | $ | 4,473 |  |  | $ | 17,462 |
Property, plant and equipment | $ | 59,027 |  |  | $ | 6,393 |  |  | $ | 41,499 |  |  | $ | 259 |  |  | $ | 107,178 |
Accumulated depreciation and amortization | $ | 13,953 |  |  | $ | 1,630 |  |  | $ | 9,457 |  |  | $ | 128 |  |  | $ | 25,168 |
Total assets | $ | 57,188 |  |  | $ | 5,855 |  |  | $ | 51,516 |  |  | $ | 3,132 |  |  | $ | 117,691 |
Investment in equity method investees | $ | — |  |  | $ | — |  |  | $ | 7,453 |  |  | $ | — |  |  | $ | 7,453 |
| 2018
| FPL |  | NEER(b)(d) |  | Corp. and Other |  | NEE Consolidated
| (millions)
Operating revenues | $ | 11,862 |  |  | $ | 4,984 |  |  | $ | (119 | ) |  | $ | 16,727 |
Operating expenses - net | $ | 8,708 |  |  | $ | 3,616 |  |  | $ | 123 |  |  | $ | 12,447 |
Interest expense | $ | 541 |  |  | $ | 595 |  |  | $ | 362 |  |  | $ | 1,498 |
Interest income | $ | 4 |  |  | $ | 40 |  |  | $ | 7 |  |  | $ | 51 |
Depreciation and amortization | $ | 2,633 |  |  | $ | 1,230 |  |  | $ | 48 |  |  | $ | 3,911 |
Equity in earnings of equity method investees | $ | — |  |  | $ | 321 |  |  | $ | 37 |  |  | $ | 358 |
Income tax expense (benefit)(c) | $ | 539 |  |  | $ | 1,196 |  |  | $ | (159 | ) |  | $ | 1,576 |
Net income (loss) | $ | 2,171 |  |  | $ | 3,842 |  |  | $ | (237 | ) |  | $ | 5,776 |
Net income (loss) attributable to NEE | $ | 2,171 |  |  | $ | 4,704 |  |  | $ | (237 | ) |  | $ | 6,638 |
Capital expenditures, independent power and other investments and nuclear fuel purchases | $ | 5,135 |  |  | $ | 7,189 |  |  | $ | 680 |  |  | $ | 13,004 |
Property, plant and equipment | $ | 54,717 |  |  | $ | 37,063 |  |  | $ | 303 |  |  | $ | 92,083 |
Accumulated depreciation and amortization | $ | 13,218 |  |  | $ | 8,461 |  |  | $ | 70 |  |  | $ | 21,749 |
Total assets | $ | 53,484 |  |  | $ | 44,509 |  |  | $ | 5,709 |  |  | $ | 103,702 |
Investment in equity method investees | $ | — |  |  | $ | 6,521 |  |  | $ | 227 |  |  | $ | 6,748 |
| 2017
| FPL |  | NEER(b) |  | Corp. and Other |  | NEE Consolidated
| (millions)
Operating revenues | $ | 11,972 |  |  | $ | 5,275 |  |  | $ | (74 | ) |  | $ | 17,173 |
Operating expenses - net | $ | 8,582 |  |  | $ | 4,345 |  |  | $ | (927 | ) |  | $ | 12,000 |
Interest expense | $ | 481 |  |  | $ | 815 |  |  | $ | 262 |  |  | $ | 1,558 |
Interest income | $ | 2 |  |  | $ | 72 |  |  | $ | 7 |  |  | $ | 81 |
Depreciation and amortization | $ | 940 |  |  | $ | 1,414 |  |  | $ | 3 |  |  | $ | 2,357 |
Equity in earnings of equity method investees | $ | — |  |  | $ | 136 |  |  | $ | 5 |  |  | $ | 141 |
Income tax expense (benefit)(c) | $ | 1,106 |  |  | $ | (2,013 | ) |  | $ | 247 |  |  | $ | (660 | )
Net income | $ | 1,880 |  |  | $ | 2,940 |  |  | $ | 503 |  |  | $ | 5,323 |
Net income attributable to NEE | $ | 1,880 |  |  | $ | 2,997 |  |  | $ | 503 |  |  | $ | 5,380 |
Capital expenditures, independent power and other investments and nuclear fuel purchases | $ | 5,291 |  |  | $ | 5,415 |  |  | $ | 34 |  |  | $ | 10,740 |
Property, plant and equipment | $ | 51,915 |  |  | $ | 41,567 |  |  | $ | 83 |  |  | $ | 93,565 |
Accumulated depreciation and amortization | $ | 12,791 |  |  | $ | 8,460 |  |  | $ | 25 |  |  | $ | 21,276 |
Total assets | $ | 50,254 |  |  | $ | 46,611 |  |  | $ | 1,098 |  |  | $ | 97,963 |
Investment in equity method investees | $ | — |  |  | $ | 2,173 |  |  | $ | 148 |  |  | $ | 2,321 |
_________________________
(a) | See Note 8 - Gulf Power Company.
(b) | 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.
(c) | NEER includes PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 - Income Taxes.
(d) NEP was deconsolidated from NEER in January 2018. See Note 1 - NextEra Energy Partners, LP.

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