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Segment Information | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information The tables below present information for NEE's and FPL's segments. NEE's segments include its reportable segments, the FPL segment, a rate-regulated utility business, and NEER, which is comprised of competitive energy and rate-regulated transmission businesses, as well as an operating segment of NEE, Gulf Power, a rate-regulated utility business. FPL's reportable segments include the FPL segment and Gulf Power. See Note 5 - Merger of FPL and Gulf Power Company. Corporate and Other for each of NEE and FPL represents other business activities, such as purchase accounting adjustments for Gulf Power Company, and includes eliminating entries.
NEE's segment information is as follows:
| Three Months Ended March 31,
| 2021 |  | 2020
| FPL Seg-ment |  | Gulf Power |  | NEER(a) |  | Corporate and Other |  | NEE Consoli- dated |  | FPL Seg-ment |  | Gulf Power |  | NEER(a) |  | Corporate and Other |  | NEE Consoli- dated
|  |  |  |  |  |  |  |  | (millions) |  |  |  |  |  |  |  |
Operating revenues | $ | 2,623 |  |  | $ | 347 |  |  | $ | 781 |  |  | $ | (25) |  |  | $ | 3,726 |  |  | $ | 2,540 |  |  | $ | 328 |  |  | $ | 1,773 |  |  | $ | (28) |  |  | $ | 4,613 |
Operating expenses - net | $ | 1,580 |  |  | $ | 276 |  |  | $ | 1,172 |  |  | $ | 43 |  |  | $ | 3,071 |  |  | $ | 1,625 |  |  | $ | 270 |  |  | $ | 980 |  |  | $ | 30 |  |  | $ | 2,905 |
Net income (loss) attributable to NEE | $ | 720 |  |  | $ | 57 |  |  | $ | 491 |  | (b) | $ | 398 |  |  | $ | 1,666 |  |  | $ | 642 |  |  | $ | 40 |  |  | $ | 318 |  | (b) | $ | (579) |  |  | $ | 421 |
——————————————— (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)See Note 4 for a discussion of NEER's tax benefits related to PTCs.
| March 31, 2021 |  | December 31, 2020
| FPL Segment |  | Gulf Power |  | NEER |  | Corporate and Other |  | NEE Consoli- dated |  | FPL Segment |  | Gulf Power |  | NEER |  | Corporate and Other |  | NEE Consoli- dated
|  |  |  |  |  |  |  |  | (millions) |  |  |  |  |  |  |  |
Total assets | $ | 62,708 |  |  | $ | 6,732 |  |  | $ | 59,318 |  |  | $ | 3,683 |  |  | $ | 132,441 |  |  | $ | 61,610 |  |  | $ | 6,725 |  |  | $ | 55,633 |  |  | $ | 3,716 |  |  | $ | 127,684 |
FPL's segment information is as follows:
| Three Months Ended March 31,
| 2021 |  | 2020
| FPL Segment |  | Gulf Power |  | Corporate and Other |  | FPL Consoli- dated |  | FPL Segment |  | Gulf Power |  | Corporate and Other |  | FPL Consoli- dated
|  |  |  |  |  |  | (millions) |  |  |  |  |  |
Operating revenues | $ | 2,623 |  |  | $ | 347 |  |  | $ | — |  |  | $ | 2,970 |  |  | $ | 2,540 |  |  | $ | 328 |  |  | $ | — |  |  | $ | 2,868 |
Operating expenses - net | $ | 1,580 |  |  | $ | 276 |  |  | $ | — |  |  | $ | 1,856 |  |  | $ | 1,625 |  |  | $ | 270 |  |  | $ | (1) |  |  | $ | 1,894 |
Net income | $ | 720 |  |  | $ | 57 |  |  | $ | — |  |  | $ | 777 |  |  | $ | 642 |  |  | $ | 40 |  |  | $ | — |  |  | $ | 682 |

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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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