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Debt (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Long-term debt issuances and borrowings | Significant long-term debt issuances and borrowings during the nine months ended September 30, 2024 were as follows:
| Principal Amount |  | Interest Rate |  | Maturity Date |
| (millions) |  |  |  |  |
FPL: |  |  |  |  |  |  |  |  |  |
First mortgage bonds | $ | 2,700 |  |  | 5.00 | % | – | 5.60 | % |  | 2029 | – | 2054 |
Pollution control, solid waste disposal and industrial development revenue bonds(a) | $ | 344 |  |  | Variable |  | 2054
NEECH: |  |  |  |  |  |  |  |  |  |
Debentures – fixed | $ | 3,800 |  |  | 4.90 | % | – | 5.55 | % |  | 2026 | – | 2054 |
Debentures – variable | $ | 600 |  |  | Variable | (b) | 2026
Debentures, related to NEE's equity units | $ | 2,000 |  |  | 5.15 | % |  | 2029 |
Junior subordinated debentures | $ | 2,200 |  |  | 6.70 | % | – | 6.75 | % | (c) | 2054
Exchangeable senior notes(d) | $ | 1,000 |  |  | 3.00 | % |  | 2027
Canadian dollar denominated debentures(e) | $ | 744 |  |  | 4.85 | % |  | 2031 |
Revolving credit facilities | $ | 1,750 |  | (f) | Variable | (b) | 2025 | – | 2027 |
NEER: |  |  |  |  |  |  |  |  |  |
Senior secured limited-recourse notes | $ | 363 |  |  | 5.93 | % |  | 2055 |
——————————————— (a)Includes tax exempt bonds that permit individual bondholders to tender the bonds for purchase at any time prior to maturity. In the event these tax exempt bonds are tendered for purchase, they would be remarketed by a designated remarketing agent in accordance with the related indenture. If the remarketing is unsuccessful, FPL would be required to purchase these tax exempt bonds. FPL's syndicated revolving credit facilities are available to support the purchase of tax exempt bonds. Variable interest rate is established at various intervals by the remarketing agent. (b)Variable rate is based on an underlying index plus a specified margin. (c)Debentures issued in March 2024 and June 2024 will bear interest at the stated rate until September 1, 2029 and June 15, 2034, respectively, and thereafter will bear interest based on an underlying index plus a specified margin, reset every five years. (d)See additional discussion of the exchangeable senior notes below. (e)A foreign currency swap has been entered into with respect to this debt issuance. See Note 2. (f)During the nine months ended September 30, 2024, approximately $450 million of outstanding borrowings under the revolving credit facilities were repaid.

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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