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v3.26.1

Summary of Significant Accounting and Reporting Policies (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2026
Accounting Policies [Abstract] |
Property, Plant, and Equipment | Property, Plant and Equipment – Property, plant and equipment consists of the following:
| March 31, 2026 |  | December 31, 2025
| (millions)
Property, plant and equipment, gross | $ | 18,936 |  |  | $ | 18,878 |
Accumulated depreciation | (3,645) |  |  | (3,512) |
Property, plant and equipment – net | $ | 15,291 |  |  | $ | 15,366 |
Segment Reporting | XPLR's additional segment information is as follows:
| Three Months Ended March 31,
| 2026 |  | 2025
| (millions)
Capital expenditures and other investments | $ | 25 |  |  | $ | 89 |
| March 31, 2026 |  | December 31, 2025
| (millions)
Property, plant and equipment – net | $ | 15,291 |  |  | $ | 15,366 |
Total assets | $ | 19,513 |  |  | $ | 19,595 |
Investments in equity method investees | $ | 615 |  |  | $ | 625 |
Noncontrolling Interests |
Noncontrolling Interest [Line Items] |
Schedule of Noncontrolling Interest | Details of the activity in noncontrolling interests are below:
|  | Class B Noncontrolling Membership Interests |  | Differential Membership Interests |  | NEE's Indirect Noncontrolling Ownership Interests(a) |  | Other Noncontrolling Ownership Interests(b) |  | Total Noncontrolling Interests
Three Months Ended March 31, 2026 |  | (millions)
Balances, December 31, 2025 |  | $ | 3,384 |  |  | $ | 2,835 |  |  | $ | 502 |  |  | $ | 988 |  |  | $ | 7,709 |
Net income (loss) attributable to noncontrolling interests |  | 53 |  |  | (157) |  |  | 2 |  |  | 21 |  |  | (81) |
Related party contributions |  | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Distributions, primarily to related parties |  | — |  |  | — |  |  | (11) |  |  | (14) |  |  | (25) |
Differential membership investment contributions, net of distributions |  | — |  |  | 60 |  |  | — |  |  | — |  |  | 60 |
Buyout of differential membership interest investors |  | — |  |  | (99) |  |  | (21) |  |  | — |  |  | (120) |
Payments to Class B noncontrolling interest investors |  | (20) |  |  | — |  |  | — |  |  | — |  |  | (20) |
Other – net |  | — |  |  | 1 |  |  | (2) |  |  | (1) |  |  | (2) |
Balances, March 31, 2026 |  | $ | 3,417 |  |  | $ | 2,640 |  |  | $ | 479 |  |  | $ | 994 |  |  | $ | 7,530 |
———————————— (a)Primarily reflects NEE Equity's noncontrolling interest in XPLR OpCo and NEER's noncontrolling interests in Silver State, Sunlight Renewables Holdings and Emerald Breeze. (b)Reflects a third-party's noncontrolling ownership interest in Star Moon Holdings.
|  | Class B Noncontrolling Membership Interests |  | Differential Membership Interests |  | NEE's Indirect Noncontrolling Ownership Interests(a) |  | Other Noncontrolling Ownership Interests(b) |  | Total Noncontrolling Interests
Three Months Ended March 31, 2025 |  | (millions)
Balances, December 31, 2024 |  | $ | 4,376 |  |  | $ | 3,457 |  |  | $ | 549 |  |  | $ | 1,269 |  |  | $ | 9,651 |
Net income (loss) attributable to noncontrolling interests |  | 74 |  |  | (193) |  |  | (132) |  |  | 21 |  |  | (230) |
Related party contributions |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Distributions, primarily to related parties |  | — |  |  | — |  |  | (6) |  |  | (15) |  |  | (21) |
Differential membership investment contributions, net of distributions |  | — |  |  | 73 |  |  | — |  |  | — |  |  | 73 |
Buyout of differential membership interest investors |  | — |  |  | (20) |  |  | — |  |  | — |  |  | (20) |
Payments to Class B noncontrolling interest investors |  | (21) |  |  | — |  |  | — |  |  | — |  |  | (21) |
Balances, March 31, 2025 |  | $ | 4,429 |  |  | $ | 3,317 |  |  | $ | 416 |  |  | $ | 1,275 |  |  | $ | 9,437 |
———————————— (a)Primarily reflects NEE Equity's noncontrolling interest in XPLR OpCo and NEER's noncontrolling interests in Silver State, Sunlight Renewables Holdings and Emerald Breeze. (b)Reflects a third-party's noncontrolling ownership interest in Star Moon Holdings.

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