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Equity | 6 Months Ended
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Jun. 30, 2020
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 June 30, |  | Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
| (millions, except per share amounts)
Numerator: |  |  |  |  |  |  |
Net income attributable to NEE - basic | $ | 1,275 |  |  | $ | 1,234 |  |  | $ | 1,695 |  |  | $ | 1,914 |
Adjustment for the impact of dilutive securities at NEP(a) | (2 | ) |  | — |  |  | — |  |  | — |
Net income attributable to NEE - assuming dilution | $ | 1,273 |  |  | $ | 1,234 |  |  | $ | 1,695 |  |  | $ | 1,914 |
Denominator: |  |  |  |  |  |  |
Weighted-average number of common shares outstanding - basic | 489.7 |  |  | 478.9 |  |  | 489.5 |  |  | 478.6 |
Equity units, stock options, performance share awards and restricted stock(b) | 2.1 |  |  | 3.9 |  |  | 2.3 |  |  | 3.7 |
Weighted-average number of common shares outstanding - assuming dilution | 491.8 |  |  | 482.8 |  |  | 491.8 |  |  | 482.3 |
Earnings per share attributable to NEE: |  |  |  |  |  |  |
Basic | $ | 2.60 |  |  | $ | 2.58 |  |  | $ | 3.46 |  |  | $ | 4.00 |
Assuming dilution | $ | 2.59 |  |  | $ | 2.56 |  |  | $ | 3.45 |  |  | $ | 3.97 |
———————————————
(a) | The three months ended June 30, 2020 adjustment is related to both the NEP Series A convertible preferred units and the NEP senior unsecured convertible notes.
(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 stock options, performance share awards and/or equity units, as well as restricted stock which were not included in the denominator above due to their antidilutive effect were approximately 9.5 million and 0.5 million for the three months ended June 30, 2020 and 2019, respectively, and 7.8 million and 0.4 million for the six months ended June 30, 2020 and 2019, respectively. 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)
Six Months Ended June 30, 2020 |
Balances, December 31, 2019 | $ | (27 | ) |  | $ | 11 |  |  | $ | (114 | ) |  | $ | (42 | ) |  | $ | 3 |  |  | $ | (169 | )
Other comprehensive 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 | )
Other comprehensive income before reclassifications | — |  |  | 14 |  |  | — |  |  | 17 |  |  | — |  |  | 31 |
Amounts reclassified from AOCI | 3 |  | (a) | — |  | (b) | (2 | ) | (c) | — |  |  | — |  |  | 1 |
Net other comprehensive income (loss) | 3 |  |  | 14 |  |  | (2 | ) |  | 17 |  |  | — |  |  | 32 |
Balances, June 30, 2020 | $ | 1 |  |  | $ | 16 |  |  | $ | (113 | ) |  | $ | (73 | ) |  | $ | 3 |  |  | $ | (166 | )
Attributable to noncontrolling interests | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (3 | ) |  | $ | — |  |  | $ | (3 | )
Attributable to NEE | $ | 1 |  |  | $ | 16 |  |  | $ | (113 | ) |  | $ | (70 | ) |  | $ | 3 |  |  | $ | (163 | )
| 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)
Six Months Ended June 30, 2019 |
Balances, December 31, 2018 | $ | (55 | ) |  | $ | (7 | ) |  | $ | (65 | ) |  | $ | (63 | ) |  | $ | 2 |  |  | $ | (188 | )
Other comprehensive income (loss) before reclassifications | — |  |  | 8 |  |  | (52 | ) |  | 10 |  |  | (1 | ) |  | (35 | )
Amounts reclassified from AOCI | 10 |  | (a) | 2 |  | (b) | (1 | ) | (c) | — |  |  | — |  |  | 11 |
Net other comprehensive income (loss) | 10 |  |  | 10 |  |  | (53 | ) |  | 10 |  |  | (1 | ) |  | (24 | )
Acquisition of Gulf Power | (1 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (1 | )
Balances, March 31, 2019 | (46 | ) |  | 3 |  |  | (118 | ) |  | (53 | ) |  | 1 |  |  | (213 | )
Other comprehensive income (loss) before reclassifications | — |  |  | 7 |  |  | (1 | ) |  | 8 |  |  | 1 |  |  | 15 |
Amounts reclassified from AOCI | 8 |  | (a) | (1 | ) | (b) | — |  | (c) | — |  |  | — |  |  | 7 |
Net other comprehensive income (loss) | 8 |  |  | 6 |  |  | (1 | ) |  | 8 |  |  | 1 |  |  | 22 |
Balances, June 30, 2019 | $ | (38 | ) |  | $ | 9 |  |  | $ | (119 | ) |  | $ | (45 | ) |  | $ | 2 |  |  | $ | (191 | )
———————————————
(a) | Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 4 - 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 4 - Income Statement Impact of Derivative Instruments. See Note 11 - Disposal of Businesses.

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