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v3.20.4

Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Segment Reporting [Abstract] |
Segment Information | 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 Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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