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Condensed Consolidated Statements of Changes in Equity - USD ($)
$ in Millions
Total
Noncontrolling Interests
Common Units, Units
Common Units, Amount
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Redeemable Non-controlling Interests
Beginning balance, units at Dec. 31, 2021     83,900,000        
Beginning balance at Dec. 31, 2021 $ 10,838     $ 2,985 $ (8) $ 7,861 $ 321
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common units (in shares) [1],[2]     2,600,000        
Issuance of common units [1],[2] 179     179      
Acquisition of subsidiary with differential membership interests   $ 95          
Acquisition of subsidiary with differential membership interests and noncontrolling ownership interests 242 106       242  
Net income (loss) 1,094     443   651 9
Other comprehensive income 1         1  
Related party note receivable 1 1       1  
Distributions, primarily to related parties (282) (282)       (282)  
Changes in non-economic ownership interests 1 1       1  
Other differential membership investment activity 410         410 (304)
Payments to Class B noncontrolling interest investors (144) (144)       (144)  
Distributions to unitholders [3] (186)     (186)      
Sale of Class B noncontrolling interest - net       (1)      
Sale of Class B noncontrolling interest – net 407 408       408  
Other 2 2   0   2  
Ending balance, units at Sep. 30, 2022     86,500,000        
Ending balance at Sep. 30, 2022 12,563     3,420 (8) 9,151 26
Beginning balance, units at Jun. 30, 2022     83,900,000        
Beginning balance at Jun. 30, 2022 11,959     3,228 (8) 8,739 117
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common units (in shares) [4],[5]     2,600,000        
Issuance of common units [4],[5] 179     179      
Acquisition of subsidiary with differential membership interests   95          
Acquisition of subsidiary with differential membership interests and noncontrolling ownership interests 242 82       242  
Net income (loss) 230     79   151 2
Distributions, primarily to related parties (115) (115)       (115)  
Other differential membership investment activity 175         175 (93)
Payments to Class B noncontrolling interest investors (41) (41)       (41)  
Distributions to unitholders [6] (65)     (65)      
Sale of Class B noncontrolling interest - net (1)     (1)   0  
Other   0          
Ending balance, units at Sep. 30, 2022     86,500,000        
Ending balance at Sep. 30, 2022 $ 12,563     3,420 (8) 9,151 26
Beginning balance, units at Dec. 31, 2022 86,500,000   86,500,000        
Beginning balance at Dec. 31, 2022 $ 14,671     3,332 (7) 11,346 101
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common units (in shares) [7],[8]     6,900,000        
Issuance of common units [7],[8] 364     364      
Acquisition of subsidiaries with differential membership interests 165         165  
Acquisition of subsidiary with differential membership interests 72 72       72  
Acquisition of subsidiary with differential membership interests and noncontrolling ownership interests   126          
Net income (loss) 66     88   (22) 4
Distributions, primarily to related parties (326) (326)       (326)  
Changes in non-economic ownership interests 11 11       11  
Other differential membership investment activity 323         323 (105)
Payments to Class B noncontrolling interest investors (122) (122)       (122)  
Distributions to unitholders [9] (228)     (228)      
Sale of Class B noncontrolling interest – net 1     1   0  
Exercise of Class B noncontrolling interest buyout right (590) (590)       (590)  
Other $ 5 20   (15)   20  
Ending balance, units at Sep. 30, 2023 93,400,000   93,400,000        
Ending balance at Sep. 30, 2023 $ 14,410     3,540 (7) 10,877 0
Beginning balance, units at Jun. 30, 2023     93,400,000        
Beginning balance at Jun. 30, 2023 14,528     3,565 (7) 10,970 105
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Acquisition of subsidiary with differential membership interests and noncontrolling ownership interests   85          
Net income (loss) 132     53   79  
Distributions, primarily to related parties (127) (127)       (127)  
Other differential membership investment activity 190         190 (105)
Payments to Class B noncontrolling interest investors (33) (33)       (33)  
Distributions to unitholders [10] (80)     (80)      
Exercise of Class B noncontrolling interest buyout right (201) (201)       (201)  
Other $ 1 $ (1)   2   (1)  
Ending balance, units at Sep. 30, 2023 93,400,000   93,400,000        
Ending balance at Sep. 30, 2023 $ 14,410     $ 3,540 $ (7) $ 10,877 $ 0
[1] Includes NEE Equity's exchange of NEP OpCo common units for NEP common units. Includes deferred tax impact of approximately $14 million. See Note 8 – Common Unit Issuances
[2] See Note 8 – ATM Program for further discussion. Includes deferred tax impact of approximately $18 million.
[3] Distributions per common unit of $2.2025 were paid during the nine months ended September 30, 2022.
[4] Includes NEE Equity's exchange of NEP OpCo common units for NEP common units. Includes deferred tax impact of approximately $14 million. See Note 8 – Common Unit Issuances.
[5] See Note 8 – ATM Program for further discussion. Includes deferred tax impact of approximately $18 million.
[6] Distributions per common unit of $0.7625 were paid during the three months ended September 30, 2022.
[7] Includes NEE Equity's exchange of NEP OpCo common units for NEP common units. Includes deferred tax impact of approximately $20 million. See Note 8 – Common Unit Issuances
[8] See Note 8 – ATM Program for further discussion. Includes deferred tax impact of approximately $30 million.
[9] Distributions per common unit of $2.5090 were paid during the nine months ended September 30, 2023.
[10] Distributions per common unit of $0.8540 were paid during the three months ended September 30, 2023