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v3.20.4

Summary of Significant Accounting and Reporting Policies (Tables) | 12 Months Ended
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Dec. 31, 2020
Accounting Policies [Abstract] |
Schedule of Regulatory Assets | NEE's and FPL's regulatory assets and liabilities are as follows:
| NEE |  | FPL
| December 31, |  | December 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
| (millions)
Regulatory assets: |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |
Early retirement of generation facilities | $ | 36 |  |  | $ | 31 |  |  | $ | 32 |  |  | $ | 27 |
Acquisition of purchased power agreements | 161 |  |  | 165 |  |  | 161 |  |  | 165 |
Other | 180 |  |  | 139 |  |  | 42 |  |  | 35 |
Total | $ | 377 |  |  | $ | 335 |  |  | $ | 235 |  |  | $ | 227 |
Noncurrent: |  |  |  |  |  |  |
Early retirement of generation facilities | $ | 1,438 |  |  | $ | 1,004 |  |  | $ | 932 |  |  | $ | 956 |
Acquisition of purchased power agreements | 473 |  |  | 634 |  |  | 473 |  |  | 634 |
Other | 1,801 |  |  | 1,649 |  |  | 991 |  |  | 959 |
Total | $ | 3,712 |  |  | $ | 3,287 |  |  | $ | 2,396 |  |  | $ | 2,549 |
Regulatory liabilities: |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |
Deferred clause revenues | $ | 215 |  |  | $ | 309 |  |  | $ | 197 |  |  | $ | 284 |
Other | 30 |  |  | 11 |  |  | 9 |  |  | — |
Total | $ | 245 |  |  | $ | 320 |  |  | $ | 206 |  |  | $ | 284 |
Noncurrent: |  |  |  |  |  |  |
Asset retirement obligation regulatory expense difference | $ | 3,583 |  |  | $ | 2,826 |  |  | $ | 3,583 |  |  | $ | 2,828 |
Accrued asset removal costs | 1,206 |  |  | 1,346 |  |  | 1,015 |  |  | 1,157 |
Deferred taxes | 4,698 |  |  | 4,862 |  |  | 4,237 |  |  | 4,397 |
Other | 1,248 |  |  | 902 |  |  | 1,217 |  |  | 914 |
Total | $ | 10,735 |  |  | $ | 9,936 |  |  | $ | 10,052 |  |  | $ | 9,296 |
Schedule of Regulatory Liabilities | NEE's and FPL's regulatory assets and liabilities are as follows:
| NEE |  | FPL
| December 31, |  | December 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
| (millions)
Regulatory assets: |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |
Early retirement of generation facilities | $ | 36 |  |  | $ | 31 |  |  | $ | 32 |  |  | $ | 27 |
Acquisition of purchased power agreements | 161 |  |  | 165 |  |  | 161 |  |  | 165 |
Other | 180 |  |  | 139 |  |  | 42 |  |  | 35 |
Total | $ | 377 |  |  | $ | 335 |  |  | $ | 235 |  |  | $ | 227 |
Noncurrent: |  |  |  |  |  |  |
Early retirement of generation facilities | $ | 1,438 |  |  | $ | 1,004 |  |  | $ | 932 |  |  | $ | 956 |
Acquisition of purchased power agreements | 473 |  |  | 634 |  |  | 473 |  |  | 634 |
Other | 1,801 |  |  | 1,649 |  |  | 991 |  |  | 959 |
Total | $ | 3,712 |  |  | $ | 3,287 |  |  | $ | 2,396 |  |  | $ | 2,549 |
Regulatory liabilities: |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |
Deferred clause revenues | $ | 215 |  |  | $ | 309 |  |  | $ | 197 |  |  | $ | 284 |
Other | 30 |  |  | 11 |  |  | 9 |  |  | — |
Total | $ | 245 |  |  | $ | 320 |  |  | $ | 206 |  |  | $ | 284 |
Noncurrent: |  |  |  |  |  |  |
Asset retirement obligation regulatory expense difference | $ | 3,583 |  |  | $ | 2,826 |  |  | $ | 3,583 |  |  | $ | 2,828 |
Accrued asset removal costs | 1,206 |  |  | 1,346 |  |  | 1,015 |  |  | 1,157 |
Deferred taxes | 4,698 |  |  | 4,862 |  |  | 4,237 |  |  | 4,397 |
Other | 1,248 |  |  | 902 |  |  | 1,217 |  |  | 914 |
Total | $ | 10,735 |  |  | $ | 9,936 |  |  | $ | 10,052 |  |  | $ | 9,296 |
Schedule of Goodwill and Other Intangible Assets | NEE's goodwill and other intangible assets are as follows:
| Weighted- Average Useful Lives |  | December 31,
|  | 2020 |  | 2019
| (years) |  | (millions)
Goodwill (by reporting unit): |  |  |  |  |
FPL segment: |  |  |  |  |
Florida City Gas |  |  | $ | 292 |  |  | $ | 291 |
Other |  |  | 9 |  |  | 9 |
NEER segment: |  |  |  |  |
Rate-regulated transmission (see Note 6 - Trans Bay Cable, LLC) |  |  | 614 |  |  | 610 |
Gas infrastructure |  |  | 487 |  |  | 487 |
Customer supply and trading |  |  | 93 |  |  | 93 |
Generation assets |  |  | 60 |  |  | 28 |
Corporate and Other: |  |  |  |  |
Gulf Power (see Note 6 - Gulf Power Company) |  |  | 2,688 |  |  | 2,686 |
Other |  |  | 11 |  |  | — |
Total goodwill |  |  | $ | 4,254 |  |  | $ | 4,204 |
Other intangible assets not subject to amortization, primarily land easements |  |  | $ | 135 |  |  | $ | 135 |
Other intangible assets subject to amortization: |  |  |  |  |
Purchased power agreements | 14 |  | $ | 453 |  |  | $ | 401 |
Other, primarily transportation contracts and customer lists | 17 |  | 166 |  |  | 72 |
Total |  |  | 619 |  |  | 473 |
Accumulated amortization |  |  | (61) |  |  | (56) |
Total other intangible assets subject to amortization - net |  |  | $ | 558 |  |  | $ | 417 |

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