XML 36 R19.htm IDEA: XBRL DOCUMENT
v3.23.2

Equity | 6 Months Ended
--- | ---
Jun. 30, 2023
Equity [Abstract] |
Equity | Equity Earnings Per Share – The reconciliation of NEE's basic and diluted earnings per share attributable to NEE is as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (millions, except per share amounts)
Numerator – net income attributable to NEE | $ | 2,795 |  |  | $ | 1,380 |  |  | $ | 4,881 |  |  | $ | 929 |
Denominator: |  |  |  |  |  |  |
Weighted-average number of common shares outstanding – basic | 2,022.0 |  |  | 1,965.2 |  |  | 2,011.0 |  |  | 1,964.9 |
Equity units, stock options, performance share awards and restricted stock(a) | 5.2 |  |  | 7.7 |  |  | 5.2 |  |  | 8.3 |
Weighted-average number of common shares outstanding – assuming dilution | 2,027.2 |  |  | 1,972.9 |  |  | 2,016.2 |  |  | 1,973.2 |
Earnings per share attributable to NEE: |  |  |  |  |  |  |
Basic | $ | 1.38 |  |  | $ | 0.70 |  |  | $ | 2.43 |  |  | $ | 0.47 |
Assuming dilution | $ | 1.38 |  |  | $ | 0.70 |  |  | $ | 2.42 |  |  | $ | 0.47 |
——————————————— (a)Calculated using the treasury stock method. Performance share awards are included in diluted weighted-average number of common shares outstanding based upon what would be issued if the end of the reporting period was the end of the term of the award. Common shares issuable pursuant to equity units, stock options and/or performance share awards, as well as restricted stock which were not included in the denominator above due to their antidilutive effect were approximately 52.0 million and 61.3 million for the three months ended June 30, 2023 and 2022, respectively, and 51.5 million and 59.9 million for the six months ended June 30, 2023 and 2022, respectively. Accumulated Other Comprehensive Income (Loss) – The components of AOCI, net of tax, are as follows:
| Accumulated Other Comprehensive Income (Loss) |
| Net Unrealized Gains (Losses) on Cash Flow Hedges |  | Net Unrealized Gains (Losses) on Available for Sale Securities |  | Defined Benefit Pension and Other Benefits Plans |  | Net Unrealized Gains (Losses) on Foreign Currency Translation |  | Other Comprehensive Income Related to Equity Method Investees |  | Total |
| (millions) |
Three months ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Balances, March 31, 2023 | $ | 21 |  |  | $ | (55) |  |  | $ | (100) |  |  | $ | (72) |  |  | $ | 6 |  |  | $ | (200) |  |
Other comprehensive income (loss) before reclassifications | — |  |  | (11) |  |  | — |  |  | 9 |  |  | — |  |  | (2) |  |
Amounts reclassified from AOCI | — |  |  | 3 |  | (a) | — |  |  | — |  |  | — |  |  | 3 |  |
Net other comprehensive income (loss) | — |  |  | (8) |  |  | — |  |  | 9 |  |  | — |  |  | 1 |  |
Less other comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | (1) |  |  | — |  |  | (1) |  |
Balances, June 30, 2023 | $ | 21 |  |  | $ | (63) |  |  | $ | (100) |  |  | $ | (64) |  |  | $ | 6 |  |  | $ | (200) |  |
Attributable to noncontrolling interests | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (11) |  |  | $ | — |  |  | $ | (11) |  |
——————————————— (a)Reclassified to gains on disposal of investments and other property – net in NEE's condensed consolidated statements of income.
| Accumulated Other Comprehensive Income (Loss) |
| Net Unrealized Gains (Losses) on Cash Flow Hedges |  | Net Unrealized Gains (Losses) on Available for Sale Securities |  | Defined Benefit Pension and Other Benefits Plans |  | Net Unrealized Gains (Losses) on Foreign Currency Translation |  | Other Comprehensive Income Related to Equity Method Investees |  | Total |
| (millions) |
Six months ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Balances, December 31, 2022 | $ | 20 |  |  | $ | (69) |  |  | $ | (101) |  |  | $ | (74) |  |  | $ | 6 |  |  | $ | (218) |  |
Other comprehensive income (loss) before reclassifications | — |  |  | (2) |  |  | — |  |  | 12 |  |  | — |  |  | 10 |  |
Amounts reclassified from AOCI | 1 |  | (a) | 8 |  | (b) | 1 |  |  | — |  |  | — |  |  | 10 |  |
Net other comprehensive income | 1 |  |  | 6 |  |  | 1 |  |  | 12 |  |  | — |  |  | 20 |  |
Less other comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | (2) |  |  | — |  |  | (2) |  |
Balances, June 30, 2023 | $ | 21 |  |  | $ | (63) |  |  | $ | (100) |  |  | $ | (64) |  |  | $ | 6 |  |  | $ | (200) |  |
Attributable to noncontrolling interests | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (11) |  |  | $ | — |  |  | $ | (11) |  |
——————————————— (a)Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 2 – Income Statement Impact of Derivative Instruments. (b)Reclassified to gains on disposal of investments and other property – net in NEE's condensed consolidated statements of income.
| Accumulated Other Comprehensive Income (Loss)
| Net Unrealized Gains (Losses) on Cash Flow Hedges |  | Net Unrealized Gains (Losses) on Available for Sale Securities |  | Defined Benefit Pension and Other Benefits Plans |  | Net Unrealized Gains (Losses) on Foreign Currency Translation |  | Other Comprehensive Income Related to Equity Method Investees |  | Total
| (millions)
Three Months Ended June 30, 2022 |
Balances, March 31, 2022 | $ | 18 |  |  | $ | (25) |  |  | $ | 25 |  |  | $ | (43) |  |  | $ | 5 |  |  | $ | (20) |
Other comprehensive loss before reclassifications | — |  |  | (30) |  |  | — |  |  | (21) |  |  | — |  |  | (51) |
Amounts reclassified from AOCI | 1 |  | (a) | 2 |  | (b) | — |  |  | — |  |  | — |  |  | 3 |
Net other comprehensive income (loss) | 1 |  |  | (28) |  |  | — |  |  | (21) |  |  | — |  |  | (48) |
Less other comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Balances, June 30, 2022 | $ | 19 |  |  | $ | (53) |  |  | $ | 25 |  |  | $ | (55) |  |  | $ | 5 |  |  | $ | (59) |
Attributable to noncontrolling interests | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | 2 |
——————————————— (a)Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 2 – Income Statement Impact of Derivative Instruments. (b)Reclassified to gains on disposal of investments and other property - net in NEE's condensed consolidated statements of income.
| Accumulated Other Comprehensive Income (Loss)
| Net Unrealized Gains (Losses) on Cash Flow Hedges |  | Net Unrealized Gains (Losses) on Available for Sale Securities |  | Defined Benefit Pension and Other Benefits Plans |  | Net Unrealized Gains (Losses) on Foreign Currency Translation |  | Other Comprehensive Income Related to Equity Method Investees |  | Total
| (millions)
Six Months Ended June 30, 2022 |
Balances, December 31, 2021 | $ | 14 |  |  | $ | 5 |  |  | $ | 25 |  |  | $ | (49) |  |  | $ | 5 |  |  | $ | — |
Other comprehensive loss before reclassifications | — |  |  | (60) |  |  | — |  |  | (9) |  |  | — |  |  | (69) |
Amounts reclassified from AOCI | 5 |  | (a) | 2 |  | (b) | — |  |  | — |  |  | — |  |  | 7 |
Net other comprehensive income (loss) | 5 |  |  | (58) |  |  | — |  |  | (9) |  |  | — |  |  | (62) |
Less other comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | 3 |  |  | — |  |  | 3 |
Balances, June 30, 2022 | $ | 19 |  |  | $ | (53) |  |  | $ | 25 |  |  | $ | (55) |  |  | $ | 5 |  |  | $ | (59) |
Attributable to noncontrolling interests | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | 2 |
——————————————— (a)Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 2 – Income Statement Impact

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-14 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481062/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481062/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481004/946-505-50-6 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480237/815-40-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration