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Summary of Significant Accounting and Reporting Policies (Tables) | 12 Months Ended
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Dec. 31, 2023
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,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (millions)
Regulatory assets: |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |
Early retirement of generation facilities and transmission assets(a) | $ | 160 |  |  | $ | 145 |  |  | $ | 160 |  |  | $ | 145 |
Deferred clause and franchise expenses(b) | 1,014 |  |  | 919 |  |  | 1,014 |  |  | 919 |
Storm restoration costs(c) | 35 |  |  | 911 |  |  | 35 |  |  | 911 |
Other | 251 |  |  | 190 |  |  | 222 |  |  | 180 |
Total | $ | 1,460 |  |  | $ | 2,165 |  |  | $ | 1,431 |  |  | $ | 2,155 |
Noncurrent: |  |  |  |  |  |  |
Early retirement of generation facilities and transmission assets(a) | $ | 2,166 |  |  | $ | 2,026 |  |  | $ | 2,166 |  |  | $ | 2,026 |
Deferred clause expenses(b) | 6 |  |  | 1,227 |  |  | 6 |  |  | 1,227 |
Storm restoration costs(c) | — |  |  | 326 |  |  | — |  |  | 326 |
Accrued asset removal costs(d) | 1,021 |  |  | 532 |  |  | 1,021 |  |  | 532 |
Other | 1,608 |  |  | 1,881 |  |  | 1,150 |  |  | 1,373 |
Total | $ | 4,801 |  |  | $ | 5,992 |  |  | $ | 4,343 |  |  | $ | 5,484 |
Regulatory liabilities: |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |
Deferred clause revenues | $ | 330 |  |  | $ | 339 |  |  | $ | 330 |  |  | $ | 339 |
Other | 10 |  |  | 11 |  |  | 5 |  |  | 10 |
Total | $ | 340 |  |  | $ | 350 |  |  | $ | 335 |  |  | $ | 349 |
Noncurrent: |  |  |  |  |  |  |
Asset retirement obligation regulatory expense difference | $ | 4,066 |  |  | $ | 3,323 |  |  | $ | 4,066 |  |  | $ | 3,323 |
Accrued asset removal costs(d) | 701 |  |  | 658 |  |  | 660 |  |  | 623 |
Deferred taxes | 3,890 |  |  | 4,233 |  |  | 3,786 |  |  | 4,129 |
Other | 1,392 |  |  | 1,412 |  |  | 1,381 |  |  | 1,383 |
Total | $ | 10,049 |  |  | $ | 9,626 |  |  | $ | 9,893 |  |  | $ | 9,458 |
______________________ (a)The majority of these regulatory assets are being amortized over 20 years. (b)The majority of these regulatory assets are being amortized over a 21-month period that began April 2023. (c)The majority of these regulatory assets are being amortized over a 12-month period that began April 2023. See Storm Funds, Storm Reserves and Storm Cost Recovery below. (d)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,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (millions)
Regulatory assets: |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |
Early retirement of generation facilities and transmission assets(a) | $ | 160 |  |  | $ | 145 |  |  | $ | 160 |  |  | $ | 145 |
Deferred clause and franchise expenses(b) | 1,014 |  |  | 919 |  |  | 1,014 |  |  | 919 |
Storm restoration costs(c) | 35 |  |  | 911 |  |  | 35 |  |  | 911 |
Other | 251 |  |  | 190 |  |  | 222 |  |  | 180 |
Total | $ | 1,460 |  |  | $ | 2,165 |  |  | $ | 1,431 |  |  | $ | 2,155 |
Noncurrent: |  |  |  |  |  |  |
Early retirement of generation facilities and transmission assets(a) | $ | 2,166 |  |  | $ | 2,026 |  |  | $ | 2,166 |  |  | $ | 2,026 |
Deferred clause expenses(b) | 6 |  |  | 1,227 |  |  | 6 |  |  | 1,227 |
Storm restoration costs(c) | — |  |  | 326 |  |  | — |  |  | 326 |
Accrued asset removal costs(d) | 1,021 |  |  | 532 |  |  | 1,021 |  |  | 532 |
Other | 1,608 |  |  | 1,881 |  |  | 1,150 |  |  | 1,373 |
Total | $ | 4,801 |  |  | $ | 5,992 |  |  | $ | 4,343 |  |  | $ | 5,484 |
Regulatory liabilities: |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |
Deferred clause revenues | $ | 330 |  |  | $ | 339 |  |  | $ | 330 |  |  | $ | 339 |
Other | 10 |  |  | 11 |  |  | 5 |  |  | 10 |
Total | $ | 340 |  |  | $ | 350 |  |  | $ | 335 |  |  | $ | 349 |
Noncurrent: |  |  |  |  |  |  |
Asset retirement obligation regulatory expense difference | $ | 4,066 |  |  | $ | 3,323 |  |  | $ | 4,066 |  |  | $ | 3,323 |
Accrued asset removal costs(d) | 701 |  |  | 658 |  |  | 660 |  |  | 623 |
Deferred taxes | 3,890 |  |  | 4,233 |  |  | 3,786 |  |  | 4,129 |
Other | 1,392 |  |  | 1,412 |  |  | 1,381 |  |  | 1,383 |
Total | $ | 10,049 |  |  | $ | 9,626 |  |  | $ | 9,893 |  |  | $ | 9,458 |
______________________ (a)The majority of these regulatory assets are being amortized over 20 years. (b)The majority of these regulatory assets are being amortized over a 21-month period that began April 2023. (c)The majority of these regulatory assets are being amortized over a 12-month period that began April 2023. See Storm Funds, Storm Reserves and Storm Cost Recovery below. (d)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,
|  | 2023 |  | 2022
| (years) |  | (millions)
Goodwill (by reporting unit): |  |  |  |  |
FPL segment, primarily rate-regulated utilities |  |  | $ | 2,965 |  |  | $ | 2,989 |
NEER segment: |  |  |  |  |
Rate-regulated assets, primarily transmission |  |  | 1,218 |  |  | 1,218 |
Gas infrastructure |  |  | 487 |  |  | 487 |
Clean energy assets (see Note 6) |  |  | 315 |  |  | 54 |
Customer supply |  |  | 95 |  |  | 95 |
Corporate and Other |  |  | 11 |  |  | 11 |
Total goodwill |  |  | $ | 5,091 |  |  | $ | 4,854 |
Other intangible assets not subject to amortization, primarily land easements |  |  | $ | 136 |  |  | $ | 136 |
Other intangible assets subject to amortization: |  |  |  |  |
Purchased power agreements (see Note 6) | 10 |  | $ | 988 |  |  | $ | 549 |
Biogas rights agreements (see Note 6) | 30 |  | 531 |  |  | — |
Other, primarily transportation contracts and customer lists | 24 |  | 187 |  |  | 173 |
Total |  |  | 1,706 |  |  | 722 |
Accumulated amortization |  |  | (150) |  |  | (99) |
Total other intangible assets subject to amortization – net |  |  | $ | 1,556 |  |  | $ | 623 |

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