XML 76 R39.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Equity [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The reconciliation of NEE's basic and diluted earnings per share attributable to NEE is as follows:
| Years Ended December 31,
| 2023 |  | 2022 |  | 2021
| (millions, except per share amounts)
Numerator – net income attributable to NEE | $ | 7,310 |  |  | $ | 4,147 |  |  | $ | 3,573 |
Denominator: |  |  |  |  |
Weighted-average number of common shares outstanding – basic | 2,026.1 |  |  | 1,972.6 |  |  | 1,962.5 |
Equity units, stock options, performance share awards and restricted stock(a) | 4.7 |  |  | 6.0 |  |  | 9.7 |
Weighted-average number of common shares outstanding – assuming dilution | 2,030.8 |  |  | 1,978.6 |  |  | 1,972.2 |
Earnings per share attributable to NEE: |  |  |  |  |
Basic | $ | 3.61 |  |  | $ | 2.10 |  |  | $ | 1.82 |
Assuming dilution | $ | 3.60 |  |  | $ | 2.10 |  |  | $ | 1.81 |
______________________ (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.
Nonvested Awards Activity | The activity in restricted stock and performance share awards for the year ended December 31, 2023 was as follows:
| Shares/Units |  | Weighted- Average Grant Date Fair Value Per Share/Units
Restricted Stock: |  |  |
Nonvested balance, January 1, 2023 | 1,992,045 |  |  | $ | 77.93 |
Granted | 1,520,616 |  |  | $ | 72.24 |
Vested | (693,058) |  |  | $ | 75.01 |
Forfeited | (158,366) |  |  | $ | 79.29 |
Nonvested balance, December 31, 2023 | 2,661,237 |  |  | $ | 75.93 |
Performance Share Awards: |  |  |
Nonvested balance, January 1, 2023 | 1,137,082 |  |  | $ | 71.17 |
Granted | 1,102,159 |  |  | $ | 71.79 |
Vested | (730,720) |  |  | $ | 67.08 |
Forfeited | (121,268) |  |  | $ | 75.10 |
Nonvested balance, December 31, 2023 | 1,387,253 |  |  | $ | 71.27 |
Assumptions used to estimate fair value of options | The fair value of the options is estimated on the date of the grant using the Black-Scholes option-pricing model and based on the following assumptions:
| 2023 |  | 2022 |  | 2021
Expected volatility(a) | 19.72 – 20.57% |  | 17.91 – 19.37% |  | 17.32 – 17.75%
Expected dividends | 2.45 – 2.86% |  | 2.32 – 2.50% |  | 2.30 – 2.44%
Expected term (years)(b) | 6.6 |  | 6.5 |  | 7.0
Risk-free rate | 3.50 – 4.50% |  | 1.91 – 3.85% |  | 0.80 – 1.27%
______________________ (a)Based on historical experience. (b)Based on historical exercise and post-vesting cancellation experience adjusted for outstanding awards.
Stock option activity | Option activity for the year ended December 31, 2023 was as follows:
| Shares Underlying Options |  | Weighted- Average Exercise Price Per Share |  | Weighted- Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value (millions)
Balance, January 1, 2023 | 10,699,410 |  |  | $ | 49.67 |  |  |  |  |
Granted | 909,200 |  |  | $ | 75.20 |  |  |  |  |
Exercised | (549,452) |  |  | $ | 26.11 |  |  |  |  |
Forfeited | (74,347) |  |  | $ | 76.67 |  |  |  |  |
Expired | (1,679) |  |  | $ | 80.68 |  |  |  |  |
Balance, December 31, 2023 | 10,983,132 |  |  | $ | 52.78 |  |  | 5.2 |  | $ | 156 |
Exercisable, December 31, 2023 | 8,894,724 |  |  | $ | 47.16 |  |  | 4.5 |  | $ | 156 |
Schedule of 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)
Balances, December 31, 2020 | $ | 8 |  |  | $ | 20 |  |  | $ | (75) |  |  | $ | (49) |  |  | $ | 4 |  |  | $ | (92) |
Other comprehensive income (loss) before reclassifications | — |  |  | (11) |  |  | 95 |  |  | (1) |  |  | 1 |  |  | 84 |
Amounts reclassified from AOCI | 6 |  | (a) | (4) |  | (b) | 5 |  | (c) | — |  |  | — |  |  | 7 |
Net other comprehensive income (loss) | 6 |  |  | (15) |  |  | 100 |  |  | (1) |  |  | 1 |  |  | 91 |
Less other comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Balances, December 31, 2021 | 14 |  |  | 5 |  |  | 25 |  |  | (49) |  |  | 5 |  |  | — |
Other comprehensive income (loss) before reclassifications | — |  |  | (84) |  |  | (133) |  |  | (44) |  |  | 1 |  |  | (260) |
Amounts reclassified from AOCI | 6 |  | (a) | 10 |  | (b) | 7 |  | (c) | — |  |  | — |  |  | 23 |
Net other comprehensive income (loss) | 6 |  |  | (74) |  |  | (126) |  |  | (44) |  |  | 1 |  |  | (237) |
Less other comprehensive loss attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | 19 |  |  | — |  |  | 19 |
Balances, December 31, 2022 | 20 |  |  | (69) |  |  | (101) |  |  | (74) |  |  | 6 |  |  | (218) |
Other comprehensive income before reclassifications | — |  |  | 17 |  |  | 21 |  |  | 13 |  |  | 1 |  |  | 52 |
Amounts reclassified from AOCI | 2 |  | (a) | 13 |  | (b) | 1 |  | (c) | — |  |  | — |  |  | 16 |
Net other comprehensive income | 2 |  |  | 30 |  |  | 22 |  |  | 13 |  |  | 1 |  |  | 68 |
Less other comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | (3) |  |  | — |  |  | (3) |
Balances, December 31, 2023 | $ | 22 |  |  | $ | (39) |  |  | $ | (79) |  |  | $ | (64) |  |  | $ | 7 |  |  | $ | (153) |
Attributable to noncontrolling interests | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (10) |  |  | $ | — |  |  | $ | (10) |
______________________ (a)Reclassified to interest expense in NEE's consolidated statements of income. See Note 3 – Income Statement Impact of Derivative Instruments. (b)Reclassified to gains on disposal of investments and other property – net in NEE's consolidated statements of income. (c)Reclassified to other net periodic benefit income in NEE's consolidated statements of income.

X
- Definition Disclosure of the assumptions used to estimate the fair value of options on the date of grant using the Black-Scholes option-pricing model. + References No definition available. + Details
Name: | nee_AssumptionsUsedToEstimateFairValueOfOptionsTextBlockTableTextBlock
Namespace Prefix: | nee_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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 Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration