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v3.20.4

Segment Information | 12 Months Ended
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Dec. 31, 2020
Segment Reporting [Abstract] |
Segment Information | Segment Information The table below presents information for NEE's reportable segments, FPL, a rate-regulated utility business, and NEER, which is comprised of competitive energy and rate-regulated transmission businesses, as well as for Gulf Power, a rate-regulated utility business acquired by NEE in January 2019. Corporate and Other represents other business activities and includes eliminating entries. See Note 2 for information regarding NEE's and FPL's operating revenues. NEE's segment information is as follows:
| 2020
| FPL |  | Gulf Power(a) |  | NEER(b) |  | Corp. and Other |  | NEE Consolidated
| (millions)
Operating revenues | $ | 11,662 |  |  | $ | 1,398 |  |  | $ | 5,046 |  |  | $ | (109) |  |  | $ | 17,997 |
Operating expenses - net | $ | 7,862 |  |  | $ | 1,081 |  |  | $ | 4,125 |  |  | $ | 166 |  |  | $ | 13,234 |
Gains (losses) on disposal of businesses/assets - net | $ | — |  |  | $ | — |  |  | $ | 363 |  |  | $ | (10) |  |  | $ | 353 |
Interest expense | $ | 600 |  |  | $ | 41 |  |  | $ | 659 |  |  | $ | 650 |  |  | $ | 1,950 |
Interest income | $ | 2 |  |  | $ | 2 |  |  | $ | 28 |  |  | $ | 6 |  |  | $ | 38 |
Depreciation and amortization | $ | 2,246 |  |  | $ | 281 |  |  | $ | 1,460 |  |  | $ | 65 |  |  | $ | 4,052 |
Equity in losses of equity method investees | $ | — |  |  | $ | — |  |  | $ | (1,351) |  |  | $ | — |  |  | $ | (1,351) |
Income tax expense (benefit)(c) | $ | 610 |  |  | $ | 67 |  |  | $ | (416) |  |  | $ | (217) |  |  | $ | 44 |
Net income (loss) | $ | 2,650 |  |  | $ | 238 |  |  | $ | (19) |  |  | $ | (500) |  |  | $ | 2,369 |
Net income (loss) attributable to NEE | $ | 2,650 |  |  | $ | 238 |  |  | $ | 531 |  |  | $ | (500) |  |  | $ | 2,919 |
Capital expenditures, independent power and other investments and nuclear fuel purchases | $ | 6,680 |  |  | $ | 1,012 |  |  | $ | 6,893 |  |  | $ | 25 |  |  | $ | 14,610 |
Property, plant and equipment - net | $ | 48,933 |  |  | $ | 4,946 |  |  | $ | 37,842 |  |  | $ | 82 |  |  | $ | 91,803 |
Total assets | $ | 61,610 |  |  | $ | 6,725 |  |  | $ | 55,633 |  |  | $ | 3,716 |  |  | $ | 127,684 |
Investment in equity method investees | $ | — |  |  | $ | — |  |  | $ | 5,713 |  |  | $ | 15 |  |  | $ | 5,728 |
| 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(d) | $ | 8,895 |  |  | $ | 1,216 |  |  | $ | 4,037 |  |  | $ | 109 |  |  | $ | 14,257 |
Gains (losses) on disposal of businesses/assets - net(d) | $ | 5 |  |  | $ | — |  |  | $ | 402 |  |  | $ | (1) |  |  | $ | 406 |
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 - net | $ | 45,074 |  |  | $ | 4,763 |  |  | $ | 32,042 |  |  | $ | 131 |  |  | $ | 82,010 |
Total assets | $ | 57,188 |  |  | $ | 5,855 |  |  | $ | 51,516 |  |  | $ | 3,132 |  |  | $ | 117,691 |
Investment in equity method investees | $ | — |  |  | $ | — |  |  | $ | 7,453 |  |  | $ | — |  |  | $ | 7,453 |
_________________________ (a)See Note 6 - Gulf Power Company and - Merger of FPL and Gulf Power. (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)FPL's income statement line for total operating expenses - net includes gains (losses) on disposal of businesses/assets - net.
| 2018
| FPL |  | NEER(a)(b) |  | Corp. and Other |  | NEE Consolidated
| (millions)
Operating revenues | $ | 11,862 |  |  | $ | 4,984 |  |  | $ | (119) |  |  | $ | 16,727 |
Operating expenses - net(c) | $ | 8,714 |  |  | $ | 3,698 |  |  | $ | 115 |  |  | $ | 12,527 |
Gains (losses) on disposal of businesses/assets - net(c) | $ | 6 |  |  | $ | 82 |  |  | $ | (8) |  |  | $ | 80 |
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)(d) | $ | 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 - net | $ | 41,499 |  |  | $ | 28,602 |  |  | $ | 233 |  |  | $ | 70,334 |
Total assets | $ | 53,484 |  |  | $ | 44,509 |  |  | $ | 5,709 |  |  | $ | 103,702 |
Investment in equity method investees | $ | — |  |  | $ | 6,521 |  |  | $ | 227 |  |  | $ | 6,748 |
_________________________ (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)NEP was deconsolidated from NEER in January 2018. See Note 1 - Basis of Presentation. (c)FPL's income statement line for total operating expenses - net includes gains (losses) on disposal of businesses/assets - net. (d)NEER includes PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 - Income Taxes.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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