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Summary of Significant Accounting and Reporting Policies (Tables)

12 Months Ended

Dec. 31, 2021

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,
			2021						2020						2021						2020
			(millions)
Regulatory assets:
Current:
Early retirement of generation facilities and transmission assets(a)			$	140					$	36					$	140					$	36
Acquisition of purchased power agreements(b)			141						161						141						161
Deferred clause and franchise expenses			698						28						698						28
Other			146						152						132						135
Total			$	1,125					$	377					$	1,111					$	360
Noncurrent:
Early retirement of generation facilities and transmission assets(a)			$	2,233					$	1,438					$	2,233					$	1,438
Acquisition of purchased power agreements(b)			332						473						332						473
Accrued asset removal costs(c)			263						—						263						—
Other			1,750						1,801						1,515						1,488
Total			$	4,578					$	3,712					$	4,343					$	3,399
Regulatory liabilities:
Current:
Deferred clause revenues			$	274					$	215					$	274					$	215
Other			15						30						4						9
Total			$	289					$	245					$	278					$	224
Noncurrent:
Asset retirement obligation regulatory expense difference			$	4,290					$	3,583					$	4,290					$	3,583
Accrued asset removal costs(c)			782						1,206						752						1,179
Deferred taxes			4,561						4,698						4,457						4,594
Other			1,640						1,248						1,554						1,244
Total			$	11,273					$	10,735					$	11,053					$	10,600

______________________

(a)The majority of these regulatory assets are being amortized over 20 years.

(b)The majority of these regulatory assets are being amortized over approximately 9 years.

(c)See Electric Plant, Depreciation and Amortization below.

Schedule of Regulatory Liabilities

NEE's and FPL's regulatory assets and liabilities are as follows:

			NEE												FPL
			December 31,												December 31,
			2021						2020						2021						2020
			(millions)
Regulatory assets:
Current:
Early retirement of generation facilities and transmission assets(a)			$	140					$	36					$	140					$	36
Acquisition of purchased power agreements(b)			141						161						141						161
Deferred clause and franchise expenses			698						28						698						28
Other			146						152						132						135
Total			$	1,125					$	377					$	1,111					$	360
Noncurrent:
Early retirement of generation facilities and transmission assets(a)			$	2,233					$	1,438					$	2,233					$	1,438
Acquisition of purchased power agreements(b)			332						473						332						473
Accrued asset removal costs(c)			263						—						263						—
Other			1,750						1,801						1,515						1,488
Total			$	4,578					$	3,712					$	4,343					$	3,399
Regulatory liabilities:
Current:
Deferred clause revenues			$	274					$	215					$	274					$	215
Other			15						30						4						9
Total			$	289					$	245					$	278					$	224
Noncurrent:
Asset retirement obligation regulatory expense difference			$	4,290					$	3,583					$	4,290					$	3,583
Accrued asset removal costs(c)			782						1,206						752						1,179
Deferred taxes			4,561						4,698						4,457						4,594
Other			1,640						1,248						1,554						1,244
Total			$	11,273					$	10,735					$	11,053					$	10,600

______________________

(a)The majority of these regulatory assets are being amortized over 20 years.

(b)The majority of these regulatory assets are being amortized over approximately 9 years.

(c)See Electric Plant, Depreciation and Amortization below.

Schedule of Goodwill and Other Intangible Assets

NEE's goodwill and other intangible assets are as follows:

			Weighted- Average Useful Lives						December 31,
									2021						2020
			(years)						(millions)
Goodwill (by reporting unit):
FPL segment:
Florida City Gas									$	292					$	292
Other									9						9
Gulf Power (see Note 6 – Merger of FPL and Gulf Power Company)									2,688						2,688
NEER segment:
Rate-regulated transmission (see Note 6 – GridLiance)									1,206						614
Gas infrastructure									487						487
Customer supply and trading									95						93
Generation assets									56						60
Corporate and Other									11						11
Total goodwill									$	4,844					$	4,254
Other intangible assets not subject to amortization, primarily land easements									$	136					$	135
Other intangible assets subject to amortization:
Purchased power agreements			15						$	507					$	453
Other, primarily transportation contracts and customer lists			23						187						166
Total									694						619
Accumulated amortization									(88)						(61)
Total other intangible assets subject to amortization – net									$	606					$	558

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