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v3.23.3

Summary of Significant Accounting and Reporting Policies (Tables) | 9 Months Ended
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Sep. 30, 2023
Accounting Policies [Abstract] |
Property, Plant and Equipment | Property, Plant and Equipment – Property, plant and equipment consists of the following:
| September 30, 2023 |  | December 31, 2022
| (millions)
Property, plant and equipment, gross | $ | 18,172 |  |  | $ | 17,039 |
Accumulated depreciation | (2,479) |  |  | (2,090) |
Property, plant and equipment – net | $ | 15,693 |  |  | $ | 14,949 |
Noncontrolling Interests |
Noncontrolling Interest [Line Items] |
Schedule of Noncontrolling Interest | Details of the activity in noncontrolling interests are below:
|  | Class B Noncontrolling Ownership Interests |  | Differential Membership Interests |  | NEE's Indirect Noncontrolling Ownership Interests(a) |  | Other Noncontrolling Ownership Interests |  | Total Noncontrolling Interests
Three months ended September 30, 2023 |  | (millions)
Balances, June 30, 2023 |  | $ | 4,722 |  |  | $ | 4,300 |  |  | $ | 840 |  |  | $ | 1,108 |  |  | $ | 10,970 |
Net income (loss) attributable to noncontrolling interests |  | 84 |  |  | (148) |  |  | 114 |  |  | 29 |  |  | 79 |
Distributions, primarily to related parties |  | — |  |  | (1) |  |  | (109) |  |  | (17) |  |  | (127) |
Differential membership investment contributions, net of distributions |  | — |  |  | 85 |  |  | — |  |  | — |  |  | 85 |
Payments to Class B noncontrolling interest investors |  | (33) |  |  | — |  |  | — |  |  | — |  |  | (33) |
Reclassification of redeemable noncontrolling interests |  | — |  |  | 105 |  |  | — |  |  | — |  |  | 105 |
Exercise of Class B noncontrolling interest buyout right |  | (201) |  |  | — |  |  | — |  |  | — |  |  | (201) |
Other |  | 2 |  |  | (1) |  |  | 2 |  |  | (4) |  |  | (1) |
Balances, September 30, 2023 |  | $ | 4,574 |  |  | $ | 4,340 |  |  | $ | 847 |  |  | $ | 1,116 |  |  | $ | 10,877 |
Nine months ended September 30, 2023 |  |  |  |  |  |  |  |  |  |
Balances, December 31, 2022 |  | $ | 5,031 |  |  | $ | 4,359 |  |  | $ | 891 |  |  | $ | 1,065 |  |  | $ | 11,346 |
Acquisition of subsidiaries with differential membership interests |  | — |  |  | 165 |  |  | — |  |  | — |  |  | 165 |
Acquisition of subsidiary with noncontrolling ownership interest |  | — |  |  | — |  |  | 72 |  |  | — |  |  | 72 |
Net income (loss) attributable to noncontrolling interests |  | 255 |  |  | (506) |  |  | 157 |  |  | 72 |  |  | (22) |
Distributions, primarily to related parties |  | — |  |  | — |  |  | (291) |  |  | (35) |  |  | (326) |
Changes in non-economic ownership interests |  | — |  |  | — |  |  | — |  |  | 11 |  |  | 11 |
Differential membership investment contributions, net of distributions |  | — |  |  | 126 |  |  | — |  |  | — |  |  | 126 |
Payments to Class B noncontrolling interest investors |  | (122) |  |  | — |  |  | — |  |  | — |  |  | (122) |
Sale of differential membership interest |  | — |  |  | 92 |  |  | — |  |  | — |  |  | 92 |
Reclassification of redeemable noncontrolling interests |  | — |  |  | 105 |  |  | — |  |  | — |  |  | 105 |
Exercise of Class B noncontrolling interest buyout right |  | (590) |  |  | — |  |  | — |  |  | — |  |  | (590) |
Other |  | — |  |  | (1) |  |  | 18 |  |  | 3 |  |  | 20 |
Balances, September 30, 2023 |  | $ | 4,574 |  |  | $ | 4,340 |  |  | $ | 847 |  |  | $ | 1,116 |  |  | $ | 10,877 |
———————————— (a)Primarily reflects NEE Equity's noncontrolling interest in NEP OpCo and NEER's noncontrolling interests in Silver State, Sunlight Renewables Holdings and Emerald Breeze.
|  | Class B Noncontrolling Ownership Interests |  | Differential Membership Interests |  | NEE's Indirect Noncontrolling Ownership Interests(a) |  | Other Noncontrolling Ownership Interests |  | Total Noncontrolling Interests
Three months ended September 30, 2022 |  | (millions)
Balances, June 30, 2022 |  | $ | 4,225 |  |  | $ | 3,069 |  |  | $ | 403 |  |  | $ | 1,042 |  |  | $ | 8,739 |
Acquisition of subsidiary with differential membership interests |  | — |  |  | 147 |  |  | — |  |  | — |  |  | 147 |
Acquisition of subsidiary with noncontrolling ownership interests |  | — |  |  | — |  |  | 95 |  |  | — |  |  | 95 |
Net income (loss) attributable to noncontrolling interests |  | 76 |  |  | (115) |  |  | 154 |  |  | 36 |  |  | 151 |
Distributions, primarily to related parties |  | — |  |  | — |  |  | (91) |  |  | (24) |  |  | (115) |
Differential membership investment contributions, net of distributions |  | — |  |  | 82 |  |  | — |  |  | — |  |  | 82 |
Payments to Class B noncontrolling interest investors |  | (41) |  |  | — |  |  | — |  |  | — |  |  | (41) |
Reclassification of redeemable noncontrolling interests |  | — |  |  | 93 |  |  | — |  |  | — |  |  | 93 |
Other |  | — |  |  | — |  |  | (1) |  |  | 1 |  |  | — |
Balances, September 30, 2022 |  | $ | 4,260 |  |  | $ | 3,276 |  |  | $ | 560 |  |  | $ | 1,055 |  |  | $ | 9,151 |
Nine months ended September 30, 2022 |  |  |  |  |  |  |  |  |  |
Balances, December 31, 2021 |  | $ | 3,783 |  |  | $ | 3,150 |  |  | $ | (38) |  |  | $ | 966 |  |  | $ | 7,861 |
Sale of Class B noncontrolling interest – net(b) |  | 408 |  |  | — |  |  | — |  |  | — |  |  | 408 |
Acquisition of subsidiary with differential membership interests |  | — |  |  | 147 |  |  | — |  |  | — |  |  | 147 |
Acquisition of subsidiary with noncontrolling ownership interests |  | — |  |  | — |  |  | 95 |  |  | — |  |  | 95 |
Related party note receivable |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Net income (loss) attributable to noncontrolling interests |  | 214 |  |  | (431) |  |  | 756 |  |  | 112 |  |  | 651 |
Other comprehensive income |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Distributions, primarily to related parties |  | — |  |  | — |  |  | (251) |  |  | (31) |  |  | (282) |
Changes in non-economic ownership interests, net of distributions |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Differential membership investment contributions, net of distributions |  | — |  |  | 106 |  |  | — |  |  | — |  |  | 106 |
Payments to Class B noncontrolling interest investors |  | (144) |  |  | — |  |  | — |  |  | — |  |  | (144) |
Reclassification of redeemable noncontrolling interests |  | — |  |  | 304 |  |  | — |  |  | — |  |  | 304 |
Other |  | (1) |  |  | — |  |  | (4) |  |  | 7 |  |  | 2 |
Balances, September 30, 2022 |  | $ | 4,260 |  |  | $ | 3,276 |  |  | $ | 560 |  |  | $ | 1,055 |  |  | $ | 9,151 |
———————————— (a)Primarily reflects NEE Equity's noncontrolling interest in NEP OpCo and NEER's noncontrolling interest in Silver State and Sunlight Renewables Holdings. (b)Represents NEP Renewables III final funding.

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