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v3.25.3

Segment Information | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information The tables below present information for NEE's two reportable segments, FPL, a rate-regulated utility business, and NEER, which is comprised of competitive energy and rate-regulated transmission businesses. Corporate and Other represents other business activities, includes eliminating entries, and may include the net effect of rounding. FPL has a single reportable segment. See Note 1 for information regarding NEE's and FPL's operating revenues. Net income attributable to NEE and significant expenses for NEE's reportable segments and the FPL reportable segment are shown below.
| Three Months Ended September 30, 2025 |  | Three Months Ended September 30, 2024
| FPL |  | NEER |  | Total |  | FPL |  | NEER |  | Total
| (millions)
Operating revenues | $ | 5,285 |  |  | $ | 2,566 |  |  | $ | 7,851 |  |  | $ | 4,939 |  |  | $ | 2,585 |  |  | $ | 7,524 |
Corporate and Other |  |  |  |  | 115 |  |  |  |  |  | 43
Total consolidated revenues |  |  |  |  | $ | 7,966 |  |  |  |  |  |  | $ | 7,567 |
Less: |  |  |  |  |  |  |  |  |  |  |
Fuel, purchased power and interchange | 1,124 |  | 299 |  |  |  | 1,208 |  | 268 |  |
Other operations and maintenance | 432 |  | 810 |  |  |  | 417 |  | 706 |  |
Depreciation and amortization | 1,385 |  | 695 |  |  |  | 974 |  | 653 |  |
Taxes other than income taxes and other – net | 547 |  | 103 |  |  |  | 511 |  | 88 |  |
Interest expense | 320 |  | 405 | (a) |  |  | 304 |  | 597 | (a) |
Income tax expense (benefit)(b) | 52 |  | (205) |  |  |  | 277 |  | (37) |  |
Other segment items(c) | 38 |  | 816 |  |  |  | 45 |  | 913 |  |
Net income attributable to NEE for reportable segments | 1,463 |  | 1,275 |  | $ | 2,738 |  |  | 1,293 |  | 1,223 |  | $ | 2,516 |
Reconciliation of segment profit/(loss) |  |  |  |  |  |  |  |  |  |  |
Corporate and Other |  |  |  |  | (300) |  |  |  |  |  | (664)
Net income attributable to NEE | $ | 1,463 |  |  | $ | 1,275 |  |  | $ | 2,438 |  |  | $ | 1,293 |  |  | $ | 1,223 |  |  | $ | 1,852 |
_________________________ (a)Interest expense allocated from NEECH to NextEra Energy Resources is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other. (b)Includes amounts that were recognized based on the tax sharing agreement with NEE. See Note 4. (c)Other segment items for each reportable segment include: FPL – Allowance for equity funds used during construction and other – net NEER – Gains on disposal of businesses/assets – net, equity in earnings (losses) of equity method investees, allowance for equity funds used during construction, gains on disposal of investments and other property – net, change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net, other – net and net loss attributable to noncontrolling interests
| Nine Months Ended September 30, 2025 |  | Nine Months Ended September 30, 2024
| FPL |  | NEER |  | Total |  | FPL |  | NEER |  | Total
| (millions)
Operating revenues | $ | 13,989 |  |  | $ | 6,643 |  |  | $ | 20,632 |  |  | $ | 13,163 |  |  | $ | 6,094 |  |  | $ | 19,257 |
Corporate and Other |  |  |  |  | 280 |  |  |  |  |  | 111
Total consolidated revenues |  |  |  |  | $ | 20,912 |  |  |  |  |  |  | $ | 19,368 |
Less: |  |  |  |  |  |  |  |  |  |  |
Fuel, purchased power and interchange | 3,006 |  | 766 |  |  |  | 3,322 |  | 688 |  |
Other operations and maintenance | 1,254 |  | 2,126 |  |  |  | 1,171 |  | 2,055 |  |
Depreciation and amortization | 2,873 |  | 2,043 |  |  |  | 1,971 |  | 1,935 |  |
Taxes other than income taxes and other – net | 1,544 |  | 328 |  |  |  | 1,455 |  | 262 |  |
Interest expense | 964 |  | 1,367 | (a) |  |  | 874 |  | 1,067 | (a) |
Income tax expense (benefit)(b) | 431 |  | (1,073) |  |  |  | 813 |  | (397) |  |
Other segment items(c) | 137 |  | 1,344 |  |  |  | 141 |  | 2,257 |  |
Net income attributable to NEE for reportable segments | 4,054 |  | 2,430 |  | $ | 6,484 |  |  | 3,698 |  | 2,741 |  | $ | 6,439 |
Reconciliation of segment profit/(loss) |  |  |  |  |  |  |  |  |  |  |
Corporate and Other |  |  |  |  | (1,184) |  |  |  |  |  | (696)
Net income attributable to NEE | $ | 4,054 |  |  | $ | 2,430 |  |  | $ | 5,300 |  |  | $ | 3,698 |  |  | $ | 2,741 |  |  | $ | 5,743 |
_________________________ (a)Interest expense allocated from NEECH to NextEra Energy Resources is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other. (b)Includes amounts that were recognized based on the tax sharing agreement with NEE. See Note 4. (c)Other segment items for each reportable segment include: FPL – Allowance for equity funds used during construction and other – net NEER – Gains on disposal of businesses/assets – net, equity in earnings (losses) of equity method investees, allowance for equity funds used during construction, gains on disposal of investments and other property – net, change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net, other – net and net loss attributable to noncontrolling interests NEE's and FPL's additional segment information is as follows:
| FPL |  | NEER |  | Total Reportable Segments |  | Corporate and Other |  | Total Consolidated
| (millions)
Three Months Ended September 30, 2025 |  |  |  |  |  |  |  |  |
Equity in earnings of equity method investees | $ | — |  |  | $ | 195 |  |  | $ | 195 |  |  | $ | 9 |  |  | $ | 204 |
Net loss attributable to noncontrolling interests | $ | — |  |  | $ | 303 |  |  | $ | 303 |  |  | $ | — |  |  | $ | 303 |
Nine Months Ended September 30, 2025 |  |  |  |  |  |  |  |  |
Equity in earnings (losses) of equity method investees | $ | — |  |  | $ | (275) |  |  | $ | (275) |  |  | $ | 9 |  |  | $ | (266) |
Net loss attributable to noncontrolling interests | $ | — |  |  | $ | 1,061 |  |  | $ | 1,061 |  |  | $ | — |  |  | $ | 1,061 |
Capital expenditures, independent power and other investments and nuclear fuel purchases | $ | 6,859 |  |  | $ | 12,464 |  |  | $ | 19,323 |  |  | $ | 5 |  |  | $ | 19,328 |
September 30, 2025 |  |  |  |  |  |  |  |  |
Property, plant and equipment – net | $ | 80,519 |  |  | $ | 69,360 |  |  | $ | 149,879 |  |  | $ | 164 |  |  | $ | 150,043 |
Total assets | $ | 103,614 |  |  | $ | 97,646 |  |  | $ | 201,260 |  |  | $ | 3,094 |  |  | $ | 204,354 |
Investment in equity method investees | $ | — |  |  | $ | 5,438 |  |  | $ | 5,438 |  |  | $ | 13 |  |  | $ | 5,451 |
| FPL |  | NEER |  | Total Reportable Segments |  | Corporate and Other |  | Total Consolidated
| (millions)
Three Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |
Equity in earnings of equity method investees | $ | — |  |  | $ | 237 |  |  | $ | 237 |  |  | $ | — |  |  | $ | 237 |
Net loss attributable to noncontrolling interests | $ | — |  |  | $ | 261 |  |  | $ | 261 |  |  | $ | — |  |  | $ | 261 |
Nine Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |
Equity in earnings of equity method investees | $ | — |  |  | $ | 578 |  |  | $ | 578 |  |  | $ | 21 |  |  | $ | 599 |
Net loss attributable to noncontrolling interests | $ | — |  |  | $ | 918 |  |  | $ | 918 |  |  | $ | — |  |  | $ | 918 |
Capital expenditures, independent power and other investments and nuclear fuel purchases | $ | 6,409 |  |  | $ | 13,582 |  |  | $ | 19,991 |  |  | $ | 117 |  |  | $ | 20,108 |
December 31, 2024 |  |  |  |  |  |  |  |  |
Property, plant and equipment – net | $ | 76,166 |  |  | $ | 62,526 |  |  | $ | 138,692 |  |  | $ | 160 |  |  | $ | 138,852 |
Total assets | $ | 98,141 |  |  | $ | 89,398 |  |  | $ | 187,539 |  |  | $ | 2,605 |  |  | $ | 190,144 |
Investment in equity method investees | $ | — |  |  | $ | 6,118 |  |  | $ | 6,118 |  |  | $ | — |  |  | $ | 6,118 |

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- Definition The entire disclosure for reporting segments including data and tables. 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