NextEra Energy (NEE) 10-Q22 Apr 222022 Q1 Quarterly reportFinancial data

Company Profile

Document Entity Information

Document Entity Information	3 Months Ended
Document Entity Information	Mar. 31, 2022shares
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	1-8841
Entity Registrant Name	NEXTERA ENERGY, INC.
Entity Tax Identification Number	59-2449419
Entity Address, Address Line One	700 Universe Boulevard
Entity Address, City or Town	Juno Beach
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33408
City Area Code	561
Local Phone Number	694-4000
Entity Incorporation, State or Country Code	FL
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	1,964,499,706
Entity Central Index Key	0000753308
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 Par Value
Trading Symbol	NEE
Security Exchange Name	NYSE
Corporate Units [Member]
Entity Information [Line Items]
Title of 12(b) Security	4.872% Corporate Units
Trading Symbol	NEE.PRO
Security Exchange Name	NYSE
Corporate Units 5.279% [Member]
Entity Information [Line Items]
Title of 12(b) Security	5.279% Corporate Units
Trading Symbol	NEE.PRP
Security Exchange Name	NYSE
Corporate Units 6.219% [Member]
Entity Information [Line Items]
Title of 12(b) Security	6.219% Corporate Units
Trading Symbol	NEE.PRQ
Security Exchange Name	NYSE
Florida Power & Light Company
Entity Information [Line Items]
Entity File Number	2-27612
Entity Registrant Name	FLORIDA POWER & LIGHT COMPANY
Entity Tax Identification Number	59-0247775
Entity Incorporation, State or Country Code	FL
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	1,000
Entity Central Index Key	0000037634
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
OPERATING REVENUES		$ 2,890	$ 3,726
OPERATING EXPENSES
Fuel, purchased power and interchange		1,366	906
Other operations and maintenance		959	989
Depreciation and amortization		885	749
Taxes other than income taxes and other – net		478	427
Total operating expenses – net		3,688	3,071
GAINS ON DISPOSAL OF BUSINESSES/ASSETS – NET		23	14
OPERATING INCOME (LOSS)		(775)	669
OTHER INCOME (DEDUCTIONS)
Interest expense		142	421
Equity in earnings (losses) of equity method investees		(453)	440
Allowance for equity funds used during construction		37	29
Gains on disposal of investments and other property – net		18	29
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net		(136)	58
Other net periodic benefit income		70	64
Other – net		45	38
Total other income (deductions) – net		(277)	1,079
INCOME (LOSS) BEFORE INCOME TAXES		(1,052)	1,748
INCOME TAX EXPENSE (BENEFIT)		(359)	250
NET INCOME (LOSS)		(693)	1,498
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS		242	168
Net income (loss) attributable to NEE		$ (451)	$ 1,666
Earnings (loss) per share of common stock:
Basic (in dollars per share)		$ (0.23)	$ 0.85
Assuming dilution (in dollars per share)		$ (0.23)	$ 0.84
Florida Power & Light Company
OPERATING REVENUES		$ 3,712	$ 2,970
OPERATING EXPENSES
Fuel, purchased power and interchange		1,200	772
Other operations and maintenance		396	385
Depreciation and amortization		463	339
Taxes other than income taxes and other – net		410	360
Total operating expenses – net		2,469	1,856
OPERATING INCOME (LOSS)		1,243	1,114
OTHER INCOME (DEDUCTIONS)
Interest expense		(173)	(155)
Allowance for equity funds used during construction		34	27
Total other income (deductions) – net		(139)	(128)
INCOME (LOSS) BEFORE INCOME TAXES		1,104	986
INCOME TAX EXPENSE (BENEFIT)		229	209
NET INCOME (LOSS)	[1]	$ 875	$ 777

[1]	FPL's comprehensive income is the same as reported net income.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
NET INCOME (LOSS)	$ (693)	$ 1,498
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX
Reclassification of unrealized losses on cash flow hedges from accumulated other comprehensive income (loss) to net income (loss)	4	2
Net unrealized gains (losses) on available for sale securities:
Net unrealized gains (losses) on securities still held	(30)	(8)
Reclassification from accumulated other comprehensive income (loss) to net income (loss)	0	(3)
Reclassification from accumulated other comprehensive income (loss) to net income (loss)	0	1
Net unrealized gains (losses) on foreign currency translation	12	6
Total other comprehensive loss, net of tax	(14)	(2)
COMPREHENSIVE INCOME (LOSS)	(707)	1,496
COMPREHENSIVE LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS	236	166
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO NEE	$ (471)	$ 1,662

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Tax expense (benefit) of unrealized gains/losses on cash flow hedges from AOCI	$ (1)	$ (1)
Tax expense (benefit) of unrealized gains/losses on available for sale securities still held	(11)	(3)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	0	1
Tax expense (benefit) of defined benefit pension and other benefits plans reclassified from AOCI to net income	$ 0	$ 0

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,477	$ 639
Customer receivables, net of allowances	3,298	3,378
Other receivables	993	730
Materials, supplies and fuel inventory	1,586	1,561
Regulatory assets	998	1,125
Derivatives	1,392	689
Other	1,244	1,166
Total current assets	10,988	9,288
Other assets:
Property, plant and equipment – net	101,935	99,348
Special use funds	8,492	8,922
Investment in equity method investees	5,752	6,159
Prepaid benefit costs	2,293	2,243
Regulatory assets	4,655	4,578
Derivatives	1,559	1,135
Goodwill	4,844	4,844
Other	4,427	4,395
Total other assets	133,957	131,624
TOTAL ASSETS	144,945	140,912
Current liabilities:
Commercial paper	1,755	1,382
Other short-term debt	1,400	700
Current portion of long-term debt	5,564	1,785
Accounts payable	5,894	6,935
Customer deposits	485	485
Accrued interest and taxes	762	525
Derivatives	2,856	1,263
Accrued construction-related expenditures	1,572	1,378
Regulatory liabilities	303	289
Other	1,832	2,695
Total current liabilities	22,423	17,437
Other liabilities and deferred credits:
Long-term debt	50,974	50,960
Asset retirement obligations	3,143	3,082
Deferred income taxes	8,217	8,310
Regulatory liabilities	10,926	11,273
Derivatives	2,429	1,713
Other	2,581	2,468
Total other liabilities and deferred credits	78,270	77,806
TOTAL LIABILITIES	100,693	95,243
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NONCONTROLLING INTERESTS – VIE	203	245
EQUITY
Common stock	20	20
Additional paid-in capital	11,262	11,271
Retained earnings	24,625	25,911
Accumulated other comprehensive income (loss)	(20)	0
Total common shareholders' equity	35,887	37,202
Noncontrolling interests	8,162	8,222
TOTAL EQUITY	44,049	45,424
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	144,945	140,912
Florida Power & Light Company
Current assets:
Cash and cash equivalents	52	55
Customer receivables, net of allowances	1,363	1,297
Other receivables	352	350
Materials, supplies and fuel inventory	981	963
Regulatory assets	982	1,111
Other	175	142
Total current assets	3,905	3,918
Other assets:
Electric utility plant and other property – net	59,548	58,227
Special use funds	5,878	6,158
Prepaid benefit costs	1,690	1,657
Regulatory assets	4,418	4,343
Goodwill	2,989	2,989
Other	662	775
Total other assets	75,185	74,149
TOTAL ASSETS	79,090	78,067
Current liabilities:
Commercial paper	1,580	1,382
Other short-term debt	200	200
Current portion of long-term debt	552	536
Accounts payable	1,103	1,318
Customer deposits	478	478
Accrued interest and taxes	555	322
Accrued construction-related expenditures	451	601
Regulatory liabilities	294	278
Other	493	643
Total current liabilities	5,706	5,758
Other liabilities and deferred credits:
Long-term debt	20,441	17,974
Asset retirement obligations	2,069	2,049
Deferred income taxes	7,258	7,137
Regulatory liabilities	10,703	11,053
Other	444	502
Total other liabilities and deferred credits	40,915	38,715
TOTAL LIABILITIES	46,621	44,473
COMMITMENTS AND CONTINGENCIES
EQUITY
Common stock	1,373	1,373
Additional paid-in capital	19,936	19,936
Retained earnings	11,160	12,285
TOTAL EQUITY	32,469	33,594
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 79,090	$ 78,067

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Customer receivables, allowances	$ 29	$ 35
Property, plant and equipment – net	101,935	99,348
Current portion of long-term debt	5,564	1,785
Accounts payable	5,894	6,935
Long-term debt	$ 50,974	$ 50,960
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	3,200,000,000	3,200,000,000
Common stock, shares, outstanding (in shares)	1,964,000,000	1,963,000,000
Florida Power & Light Company
Customer receivables, allowances	$ 7	$ 11
Current portion of long-term debt	552	536
Accounts payable	1,103	1,318
Long-term debt	$ 20,441	$ 17,974
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	1,000	1,000
Common stock, shares, outstanding (in shares)	1,000	1,000
Common stock, shares, issued (in shares)	1,000	1,000
Variable Interest Entity, Primary Beneficiary [Member]
Property, plant and equipment – net	$ 20,144	$ 20,521
Current portion of long-term debt	62	58
Accounts payable	495	752
Long-term debt	1,101	1,125
Noncontrolling interest in variable interest entity	$ 8,154	$ 8,217

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (loss)		$ (693)	$ 1,498
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization		885	749
Nuclear fuel and other amortization		75	74
Unrealized losses (gains) on marked to market derivative contracts – net		1,634	(320)
Foreign currency transaction gains		(20)	(51)
Deferred income taxes		(14)	297
Cost recovery clauses and franchise fees		(12)	(86)
Equity in losses (earnings) of equity method investees		453	(440)
Distributions of earnings from equity method investees		120	121
Gains on disposal of businesses, assets and investments – net		(41)	(43)
Other – net		54	(239)
Changes in operating assets and liabilities:
Current assets		(183)	(445)
Noncurrent assets		(23)	(128)
Current liabilities		(302)	247
Noncurrent liabilities		29	58
Net cash provided by operating activities		1,962	1,292
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures of FPL		(2,167)	(1,520)
Independent power and other investments of NEER		(2,593)	(2,999)
Nuclear fuel purchases		(20)	(57)
Other capital expenditures		(113)	1
Proceeds from sale or maturity of securities in special use funds		1,084	1,377
Purchases of securities in special use funds		(1,212)	(1,460)
Other – net		328	238
Net cash used in investing activities		(4,693)	(4,420)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuances of long-term debt, including premiums and discounts		4,309	4,616
Retirements of long-term debt		(493)	(432)
Net change in commercial paper		373	458
Proceeds from other short-term debt		700	0
Repayments of other short-term debt		0	(200)
Payments from related parties under a cash sweep and credit support agreement – net		78	74
Issuances of common stock/equity units – net		1	4
Dividends		(836)	(755)
Other – net		21	(22)
Net cash provided by (used in) financing activities		4,153	3,743
Effects of currency translation on cash, cash equivalents and restricted cash		0	4
Net increase (decrease) in cash, cash equivalents and restricted cash		1,422	619
Cash, cash equivalents and restricted cash at beginning of period		1,316	1,546
Cash, cash equivalents and restricted cash at end of period		2,738	2,165
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Accrued property additions		4,954	3,825
Decrease in construction work in progress and contract liability (See Note 11)		551	0
Florida Power & Light Company
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (loss)	[1]	875	777
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization		463	339
Nuclear fuel and other amortization		45	43
Deferred income taxes		191	175
Cost recovery clauses and franchise fees		(12)	(86)
Other – net		(7)	(101)
Changes in operating assets and liabilities:
Current assets		(54)	132
Noncurrent assets		(26)	(11)
Current liabilities		11	16
Noncurrent liabilities		45	(10)
Net cash provided by operating activities		1,531	1,274
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures		(2,167)	(1,520)
Nuclear fuel purchases		(5)	(25)
Proceeds from sale or maturity of securities in special use funds		693	1,001
Purchases of securities in special use funds		(722)	(1,032)
Other – net		(15)	1
Net cash used in investing activities		(2,216)	(1,575)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuances of long-term debt, including premiums and discounts		2,498	184
Net change in commercial paper		198	(932)
Capital contributions from NEE		0	1,035
Dividends		(2,000)	0
Other – net		(22)	(8)
Net cash provided by (used in) financing activities		674	279
Net increase (decrease) in cash, cash equivalents and restricted cash		(11)	(22)
Cash, cash equivalents and restricted cash at beginning of period		108	160
Cash, cash equivalents and restricted cash at end of period		97	138
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Accrued property additions		$ 802	$ 826

[1]	FPL's comprehensive income is the same as reported net income.

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions		Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings [Member]		Total Common Shareholders' Equity Parent [Member]		Noncontrolling Interest [Member]	Florida Power & Light Company		Florida Power & Light CompanyCommon Stock [Member]	Florida Power & Light CompanyAdditional Paid-in Capital [Member]	Florida Power & Light CompanyRetained Earnings [Member]
Beginning balance (in shares) at Dec. 31, 2020			1,960,000,000
Beginning balance at Dec. 31, 2020		$ 44,929	$ 20	$ 11,222	$ (92)	$ 25,363		$ 36,513		$ 8,416	$ 29,228		$ 1,373	$ 18,236	$ 9,619
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (loss)		1,498				1,666		1,666		(168)	777	[1]			777
Shares issued, share-based payment activity (in shares)			2,000,000
Share-based payment activity				(24)				(24)
Dividends on common stock	[2]					(755)		(755)
Other comprehensive income (loss)		(2)			(5)			(5)		2
Other differential membership interests activity										65
Capital contributions from NEE											1,035			1,035
Other (in shares)			(1,000,000)
Other				(15)	(1)	(1)		(17)		37
Ending balance (in shares) at Mar. 31, 2021			1,961,000,000
Ending balance at Mar. 31, 2021		$ 45,730	$ 20	11,183	(98)	26,273		37,378		8,352	$ 31,040		1,373	19,271	10,396
Beginning balance (in shares) at Dec. 31, 2021		1,963,000,000	1,963,000,000								1,000
Beginning balance at Dec. 31, 2021		$ 45,424	$ 20	11,271	0	25,911		37,202		8,222	$ 33,594		1,373	19,936	12,285
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (loss)		(693)				(451)		(451)		(247)	875	[1]			875
Shares issued, share-based payment activity (in shares)			1,000,000
Share-based payment activity				(6)				(6)
Dividends on common stock						(836)	[3]	(836)	[3]						(2,000)
Other comprehensive income (loss)		$ (14)			(20)			(20)		6
Other differential membership interests activity				(1)				(1)		159
Capital contributions from NEE											$ 0
Other				(2)		1		(1)		22
Ending balance (in shares) at Mar. 31, 2022		1,964,000,000	1,964,000,000								1,000
Ending balance at Mar. 31, 2022		$ 44,049	$ 20	$ 11,262	$ (20)	$ 24,625		$ 35,887		$ 8,162	$ 32,469		$ 1,373	$ 19,936	$ 11,160
Beginning balance at Dec. 31, 2021		245
Increase (Decrease) in Temporary Equity [Roll Forward]
Net income (loss)		5
Other differential membership interests activity		(46)
Other		(1)
Ending balance at Mar. 31, 2022		$ 203

[1]	FPL's comprehensive income is the same as reported net income.
[2]	Dividends per share were $0.385 for the three months ended March 31, 2021.
[3]	Dividends per share were $0.425 for the three months ended March 31, 2022.

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends per share of common stock (in dollars per share)	$ 0.425	$ 0.385

Revenue Recognition

Revenue Recognition	3 Months Ended
Revenue Recognition	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue from Contracts with Customers FPL and NEER generate substantially all of NEE’s operating revenues, which primarily include revenues from contracts with customers, as well as derivative (see Note 2) and lease transactions at NEER. For the vast majority of contracts with customers, NEE believes that the obligation to deliver energy, capacity or transmission is satisfied over time as the customer simultaneously receives and consumes benefits as NEE performs. NEE’s revenue from contracts with customers was approximately $5.0 billion ($3.7 billion at FPL) and $4.0 billion ($3.0 billion at FPL) for the three months ended March 31, 2022 and 2021, respectively. NEE's and FPL's receivables are primarily associated with revenues earned from contracts with customers, as well as derivative and lease transactions at NEER, and consist of both billed and unbilled amounts, which are recorded in customer receivables and other receivables on NEE's and FPL's condensed consolidated balance sheets. Receivables represent unconditional rights to consideration and reflect the differences in timing of revenue recognition and cash collections. For substantially all of NEE's and FPL's receivables, regardless of the type of revenue transaction from which the receivable originated, customer and counterparty credit risk is managed in the same manner and the terms and conditions of payment are similar. During the three months ended March 31, 2021, NEER did not recognize approximately $180 million of revenue related to reimbursable expenses from a counterparty that were deemed not probable of collection. These reimbursable expenses arose from the impacts of severe prolonged winter weather in Texas in February 2021 (February 2021 weather event). These determinations were made based on assessments of the counterparty's creditworthiness and NEER's ability to collect. FPL – FPL’s revenues are derived primarily from tariff-based sales that result from providing electricity to retail customers in Florida with no defined contractual term. Electricity sales to retail customers account for approximately 90% of FPL’s operating revenues, the majority of which are to residential customers. FPL's retail customers receive a bill monthly based on the amount of monthly kWh usage with payment due monthly. For these types of sales, FPL recognizes revenue as electricity is delivered and billed to customers, as well as an estimate for electricity delivered and not yet billed. The billed and unbilled amounts represent the value of electricity delivered to the customer. At March 31, 2022 and December 31, 2021, FPL's unbilled revenues amounted to approximately $573 million and $583 million, respectively, and are included in customer receivables on NEE's and FPL's condensed consolidated balance sheets. Certain contracts with customers contain a fixed price which primarily relate to certain power purchase agreements with maturity dates through 2041. As of March 31, 2022, FPL expects to record approximately $385 million of revenues related to the fixed capacity price components of such contracts over the remaining terms of the related contracts as the capacity is provided. These contracts also contain a variable price component for energy usage which FPL recognizes as revenue as the energy is delivered based on rates stipulated in the respective contracts. NEER – NEER’s revenue from contracts with customers is derived primarily from the sale of energy commodities, electric capacity and electric transmission. For these types of sales, NEER recognizes revenue as energy commodities are delivered and as electric capacity and electric transmission are made available, consistent with the amounts billed to customers based on rates stipulated in the respective contracts as well as an accrual for amounts earned but not yet billed. The amounts billed and accrued represent the value of energy or transmission delivered and/or the capacity of energy or transmission available to the customer. Revenues yet to be earned under these contracts, which have maturity dates ranging from 2022 to 2053, will vary based on the volume of energy or transmission delivered and/or available. NEER’s customers typically receive bills monthly with payment due within 30 days. Certain contracts with customers contain a fixed price which primarily relate to electric capacity sales associated with ISO annual auctions through 2026, certain power purchase agreements with maturity dates through 2034 and capacity sales associated with natural gas transportation through 2062. At March 31, 2022, NEER expects to record approximately $1.3 billion of revenues related to the fixed price components of such contracts over the remaining terms of the related contracts as the capacity is provided.

Derivative Instruments

Derivative Instruments	3 Months Ended
Derivative Instruments	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments NEE and FPL use derivative instruments (primarily swaps, options, futures and forwards) to manage the physical and financial risks inherent in the purchase and sale of fuel and electricity, as well as interest rate and foreign currency exchange rate risk associated primarily with outstanding and expected future debt issuances and borrowings, and to optimize the value of NEER's power generation and gas infrastructure assets. NEE and FPL do not utilize hedge accounting for their cash flow and fair value hedges. With respect to commodities related to NEE's competitive energy business, NEER employs risk management procedures to conduct its activities related to optimizing the value of its power generation and gas infrastructure assets, providing full energy and capacity requirements services primarily to distribution utilities, and engaging in power and fuel marketing and trading activities to take advantage of expected future favorable price movements and changes in the expected volatility of prices in the energy markets. These risk management activities involve the use of derivative instruments executed within prescribed limits to manage the risk associated with fluctuating commodity prices. Transactions in derivative instruments are executed on recognized exchanges or via the OTC markets, depending on the most favorable credit terms and market execution factors. For NEER's power generation and gas infrastructure assets, derivative instruments are used to hedge all or a portion of the expected output of these assets. These hedges are designed to reduce the effect of adverse changes in the wholesale forward commodity markets associated with NEER's power generation and gas infrastructure assets. With regard to full energy and capacity requirements services, NEER is required to vary the quantity of energy and related services based on the load demands of the customers served. For this type of transaction, derivative instruments are used to hedge the anticipated electricity quantities required to serve these customers and reduce the effect of unfavorable changes in the forward energy markets. Additionally, NEER takes positions in energy markets based on differences between actual forward market levels and management's view of fundamental market conditions, including supply/demand imbalances, changes in traditional flows of energy, changes in short- and long-term weather patterns and anticipated regulatory and legislative outcomes. NEER uses derivative instruments to realize value from these market dislocations, subject to strict risk management limits around market, operational and credit exposure. Derivative instruments, when required to be marked to market, are recorded on NEE's and FPL's condensed consolidated balance sheets as either an asset or liability measured at fair value. At FPL, substantially all changes in the derivatives' fair value are deferred as a regulatory asset or liability until the contracts are settled, and, upon settlement, any gains or losses are passed through the fuel clause. For NEE's non-rate regulated operations, predominantly NEER, essentially all changes in the derivatives' fair value for power purchases and sales, fuel sales and trading activities are recognized on a net basis in operating revenues and the equity method investees' related activity is recognized in equity in earnings of equity method investees in NEE's condensed consolidated statements of income (loss). Settlement gains and losses are included within the line items in the condensed consolidated statements of income (loss) to which they relate. Transactions for which physical delivery is deemed not to have occurred are presented on a net basis in the condensed consolidated statements of income (loss). For commodity derivatives, NEE believes that, where offsetting positions exist at the same location for the same time, the transactions are considered to have been netted and therefore physical delivery has been deemed not to have occurred for financial reporting purposes. Settlements related to derivative instruments are recognized in net cash provided by operating activities in NEE's and FPL's condensed consolidated statements of cash flows. For interest rate and foreign currency derivative instruments, all changes in the derivatives' fair value, as well as the transaction gain or loss on foreign denominated debt, are recognized in interest expense and the equity method investees' related activity is recognized in equity in earnings (losses) of equity method investees in NEE's condensed consolidated statements of income (loss). At March 31, 2022, NEE's AOCI included amounts related to discontinued interest rate cash flow hedges with expiration dates through March 2035 and foreign currency cash flow hedges with expiration dates through September 2030. Approximately $3 million of net losses included in AOCI at March 31, 2022 are expected to be reclassified into earnings within the next 12 months as the principal and/or interest payments are made. Such amounts assume no change in scheduled principal payments. Fair Value Measurements of Derivative Instruments – The fair value of assets and liabilities are determined using either unadjusted quoted prices in active markets (Level 1) or pricing inputs that are observable (Level 2) whenever that information is available and using unobservable inputs (Level 3) to estimate fair value only when relevant observable inputs are not available. NEE and FPL use several different valuation techniques to measure the fair value of assets and liabilities, relying primarily on the market approach of using prices and other market information for identical and/or comparable assets and liabilities for those assets and liabilities that are measured at fair value on a recurring basis. NEE's and FPL's assessment of the significance of any particular input to the fair value measurement requires judgment and may affect placement within the fair value hierarchy levels. Non-performance risk, including the consideration of a credit valuation adjustment, is also considered in the determination of fair value for all assets and liabilities measured at fair value. NEE and FPL measure the fair value of commodity contracts using a combination of market and income approaches utilizing prices observed on commodities exchanges and in the OTC markets, or through the use of industry-standard valuation techniques, such as option modeling or discounted cash flows techniques, incorporating both observable and unobservable valuation inputs. The resulting measurements are the best estimate of fair value as represented by the transfer of the asset or liability through an orderly transaction in the marketplace at the measurement date. Most exchange-traded derivative assets and liabilities are valued directly using unadjusted quoted prices. For exchange-traded derivative assets and liabilities where the principal market is deemed to be inactive based on average daily volumes and open interest, the measurement is established using settlement prices from the exchanges, and therefore considered to be valued using other observable inputs. NEE, through its subsidiaries, including FPL, also enters into OTC commodity contract derivatives. The majority of these contracts are transacted at liquid trading points, and the prices for these contracts are verified using quoted prices in active markets from exchanges, brokers or pricing services for similar contracts. NEE, through NEER, also enters into full requirements contracts, which, in most cases, meet the definition of derivatives and are measured at fair value. These contracts typically have one or more inputs that are not observable and are significant to the valuation of the contract. In addition, certain exchange and non-exchange traded derivative options at NEE have one or more significant inputs that are not observable, and are valued using industry-standard option models. In all cases where NEE and FPL use significant unobservable inputs for the valuation of a commodity contract, consideration is given to the assumptions that market participants would use in valuing the asset or liability. The primary input to the valuation models for commodity contracts is the forward commodity curve for the respective instruments. Other inputs include, but are not limited to, assumptions about market liquidity, volatility, correlation and contract duration as more fully described below in Significant Unobservable Inputs Used in Recurring Fair Value Measurements. In instances where the reference markets are deemed to be inactive or do not have transactions for a similar contract, the derivative assets and liabilities may be valued using significant other observable inputs and potentially significant unobservable inputs. In such instances, the valuation for these contracts is established using techniques including extrapolation from or interpolation between actively traded contracts, or estimated basis adjustments from liquid trading points. NEE and FPL regularly evaluate and validate the inputs used to determine fair value by a number of methods, consisting of various market price verification procedures, including the use of pricing services and multiple broker quotes to support the market price of the various commodities. In all cases where there are assumptions and models used to generate inputs for valuing derivative assets and liabilities, the review and verification of the assumptions, models and changes to the models are undertaken by individuals that are independent of those responsible for estimating fair value. NEE uses interest rate contracts and foreign currency contracts to mitigate and adjust interest rate and foreign currency exchange exposure related primarily to certain outstanding and expected future debt issuances and borrowings when deemed appropriate based on market conditions or when required by financing agreements. NEE estimates the fair value of these derivatives using an income approach based on a discounted cash flows valuation technique utilizing the net amount of estimated future cash inflows and outflows related to the agreements. The tables below present NEE's and FPL's gross derivative positions at March 31, 2022 and December 31, 2021, as required by disclosure rules. However, the majority of the underlying contracts are subject to master netting agreements and generally would not be contractually settled on a gross basis. Therefore, the tables below also present the derivative positions on a net basis, which reflect the offsetting of positions of certain transactions within the portfolio, the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral, as well as the location of the net derivative position on the condensed consolidated balance sheets. March 31, 2022 Level 1 Level 2 Level 3 Netting (a) Total (millions) Assets: NEE: Commodity contracts $ 4,327 $ 9,170 $ 1,968 $ (12,708) $ 2,757 Interest rate contracts $ — $ 243 $ — $ (33) 210 Foreign currency contracts $ — $ 21 $ — $ (37) (16) Total derivative assets $ 2,951 FPL – commodity contracts $ — $ 8 $ 7 $ (9) $ 6 Liabilities: NEE: Commodity contracts $ 5,926 $ 9,042 $ 3,040 $ (13,133) $ 4,875 Interest rate contracts $ — $ 387 $ — $ (33) 354 Foreign currency contracts $ — $ 93 $ — $ (37) 56 Total derivative liabilities $ 5,285 FPL – commodity contracts $ — $ 6 $ 17 $ (9) $ 14 Net fair value by NEE balance sheet line item: Current derivative assets (b) $ 1,392 Noncurrent derivative assets (c) 1,559 Total derivative assets $ 2,951 Current derivative liabilities (d) $ 2,856 Noncurrent derivative liabilities (e) 2,429 Total derivative liabilities $ 5,285 Net fair value by FPL balance sheet line item: Current other assets $ 6 Current other liabilities $ 14 ——————————————— (a) Includes the effect of the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral payments and receipts. NEE and FPL also have contract settlement receivable and payable balances that are subject to the master netting arrangements but are not offset within the condensed consolidated balance sheets and are recorded in customer receivables – net and accounts payable, respectively. (b) Reflects the netting of approximately $573 million in margin cash collateral received from counterparties. (c) Reflects the netting of approximately $74 million in margin cash collateral received from counterparties. (d) Reflects the netting of approximately $87 million in margin cash collateral paid to counterparties. (e) Reflects the netting of approximately $985 million in margin cash collateral paid to counterparties. December 31, 2021 Level 1 Level 2 Level 3 Netting (a) Total (millions) Assets: NEE: Commodity contracts $ 1,896 $ 5,082 $ 1,401 $ (6,622) $ 1,757 Interest rate contracts $ — $ 106 $ — $ (30) 76 Foreign currency contracts $ — $ 8 $ — $ (17) (9) Total derivative assets $ 1,824 FPL – commodity contracts $ — $ 3 $ 13 $ (3) $ 13 Liabilities: NEE: Commodity contracts $ 2,571 $ 4,990 $ 1,231 $ (6,594) $ 2,198 Interest rate contracts $ — $ 739 $ — $ (30) 709 Foreign currency contracts $ — $ 86 $ — $ (17) 69 Total derivative liabilities $ 2,976 FPL – commodity contracts $ — $ 8 $ 5 $ (3) $ 10 Net fair value by NEE balance sheet line item: Current derivative assets (b) $ 689 Noncurrent derivative assets (c) 1,135 Total derivative assets $ 1,824 Current derivative liabilities (d) $ 1,263 Noncurrent derivative liabilities (e) 1,713 Total derivative liabilities $ 2,976 Net fair value by FPL balance sheet line item: Current other assets $ 13 Current other liabilities $ 9 Noncurrent other liabilities 1 Total derivative liabilities $ 10 ——————————————— (a) Includes the effect of the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral payments and receipts. NEE and FPL also have contract settlement receivable and payable balances that are subject to the master netting arrangements but are not offset within the condensed consolidated balance sheets and are recorded in customer receivables – net and accounts payable, respectively. (b) Reflects the netting of approximately $150 million in margin cash collateral received from counterparties. (c) Reflects the netting of approximately $56 million in margin cash collateral received from counterparties. (d) Reflects the netting of approximately $6 million in margin cash collateral paid to counterparties. (e) Reflects the netting of approximately $172 million in margin cash collateral paid to counterparties At March 31, 2022 and December 31, 2021, NEE had approximately $47 million and $56 million (none at FPL), respectively, in margin cash collateral received from counterparties that was not offset against derivative assets in the above presentation. These amounts are included in current other liabilities on NEE's condensed consolidated balance sheets. Additionally, at March 31, 2022 and December 31, 2021, NEE had approximately $633 million and $673 million (none at FPL), respectively, in margin cash collateral paid to counterparties that was not offset against derivative assets or liabilities in the above presentation. These amounts are included in current other assets on NEE's condensed consolidated balance sheets. Significant Unobservable Inputs Used in Recurring Fair Value Measurements – The valuation of certain commodity contracts requires the use of significant unobservable inputs. All forward price, implied volatility, implied correlation and interest rate inputs used in the valuation of such contracts are directly based on third-party market data, such as broker quotes and exchange settlements, when that data is available. If third-party market data is not available, then industry standard methodologies are used to develop inputs that maximize the use of relevant observable inputs and minimize the use of unobservable inputs. Observable inputs, including some forward prices, implied volatilities and interest rates used for determining fair value are updated daily to reflect the best available market information. Unobservable inputs which are related to observable inputs, such as illiquid portions of forward price or volatility curves, are updated daily as well, using industry standard techniques such as interpolation and extrapolation, combining observable forward inputs supplemented by historical market and other relevant data. Other unobservable inputs, such as implied correlations, block-to-hourly price shaping, customer migration rates from full requirements contracts and some implied volatility curves, are modeled using proprietary models based on historical data and industry standard techniques. The significant unobservable inputs used in the valuation of NEE's commodity contracts categorized as Level 3 of the fair value hierarchy at March 31, 2022 are as follows: Fair Value at Valuation Significant Weighted- Transaction Type March 31, 2022 Technique(s) Unobservable Inputs Range average (a) Assets Liabilities (millions) Forward contracts – power $ 294 $ (450) Discounted cash flow Forward price (per MWh) $(4) — $223 $43 Forward contracts – gas 206 (180) Discounted cash flow Forward price (per MMBtu) $2 — $23 $4 Forward contracts – congestion 23 (8) Discounted cash flow Forward price (per MWh) $(12) — $21 $— Options – power 88 (11) Option models Implied correlations 37% — 87% 53% Implied volatilities 18% — 242% 61% Options – primarily gas 1,076 (966) Option models Implied correlations 37% — 87% 53% Implied volatilities 18% — 242% 43% Full requirements and unit contingent contracts 35 (1,285) Discounted cash flow Forward price (per MWh) $3 — $386 $78 Customer migration rate (b) —% — 56% 2% Forward contracts – other 246 (140) Total $ 1,968 $ (3,040) ——————————————— (a) Unobservable inputs were weighted by volume. (b) Applies only to full requirements contracts. The sensitivity of NEE's fair value measurements to increases (decreases) in the significant unobservable inputs is as follows: Significant Unobservable Input Position Impact on Forward price Purchase power/gas Increase (decrease) Sell power/gas Decrease (increase) Implied correlations Purchase option Decrease (increase) Sell option Increase (decrease) Implied volatilities Purchase option Increase (decrease) Sell option Decrease (increase) Customer migration rate Sell power (a) Decrease (increase) ——————————————— (a) Assumes the contract is in a gain position. The reconciliation of changes in the fair value of derivatives that are based on significant unobservable inputs is as follows: Three Months Ended March 31, 2022 2021 NEE FPL NEE FPL (millions) Fair value of net derivatives based on significant unobservable inputs at December 31 of prior period $ 170 $ 8 $ 1,374 $ (1) Realized and unrealized gains (losses): Included in operating revenues (1,535) — (130) — Included in regulatory assets and liabilities (19) (19) (2) (2) Purchases 183 — 38 — Settlements 250 1 (89) 1 Issuances (98) — (21) — Transfers out (a) (23) — (13) — Fair value of net derivatives based on significant unobservable inputs at March 31 $ (1,072) $ (10) $ 1,157 $ (2) Gains (losses) included in operating revenues attributable to the change in unrealized gains (losses) relating to derivatives held at the reporting date $ (1,405) $ — $ (125) $ — ——————————————— (a) Transfers from Level 3 to Level 2 were a result of increased observability of market data. Income Statement Impact of Derivative Instruments – Gains (losses) related to NEE's derivatives are recorded in NEE's condensed consolidated statements of income (loss) as follows: Three Months Ended March 31, 2022 2021 (millions) Commodity contracts (a) – operating revenues $ (2,389) $ (488) Foreign currency contracts – interest expense 1 (40) Interest rate contracts – interest expense 471 747 Losses reclassified from AOCI to interest expense: Interest rate contracts (5) (1) Foreign currency contracts (1) (1) Total $ (1,923) $ 217 ——————————————— (a) For the three months ended March 31, 2022 and 2021, FPL recorded losses of approximately $12 million and $7 million, respectively, related to commodity contracts as regulatory assets on its condensed consolidated balance sheets. Notional Volumes of Derivative Instruments – The following table represents net notional volumes associated with derivative instruments that are required to be reported at fair value in NEE's and FPL's condensed consolidated financial statements. The table includes significant volumes of transactions that have minimal exposure to commodity price changes because they are variably priced agreements. These volumes are only an indication of the commodity exposure that is managed through the use of derivatives. They do not represent net physical asset positions or non-derivative positions and the related hedges, nor do they represent NEE’s and FPL’s net economic exposure, but only the net notional derivative positions that fully or partially hedge the related asset positions. NEE and FPL had derivative commodity contracts for the following net notional volumes: March 31, 2022 December 31, 2021 Commodity Type NEE FPL NEE FPL (millions) Power (97) MWh — (103) MWh — Natural gas (1,180) MMBtu 298 MMBtu (1,290) MMBtu 91 MMBtu Oil (34) barrels — (33) barrels — At March 31, 2022 and December 31, 2021, NEE had interest rate contracts with a notional amount of approximately $11.2 billion and $11.2 billion, respectively, and foreign currency contracts with a notional amount of approximately $1.0 billion and $1.0 billion, respectively. Credit - Risk - Related Contingent Features – Certain derivative instruments contain credit-risk-related contingent features including, among other things, the requirement to maintain an investment grade credit rating from specified credit rating agencies and certain financial ratios, as well as credit-related cross-default and material adverse change triggers. At March 31, 2022 and December 31, 2021, the aggregate fair value of NEE's derivative instruments with credit-risk-related contingent features that were in a liability position was approximately $7.5 billion ($17 million for FPL) and $4.1 billion ($12 million for FPL), respectively. If the credit-risk-related contingent features underlying these derivative agreements were triggered, certain subsidiaries of NEE, including FPL, could be required to post collateral or settle contracts according to contractual terms which generally allow netting of contracts in offsetting positions. Certain derivative contracts contain multiple types of credit-related triggers. To the extent these contracts contain a credit ratings downgrade trigger, the maximum exposure is included in the following credit ratings collateral posting requirements. If FPL's and NEECH's credit ratings were downgraded to BBB/Baa2 (a three level downgrade for FPL and a one level downgrade for NEECH from the current lowest applicable rating), applicable NEE subsidiaries would be required to post collateral such that the total posted collateral would be approximately $1,240 million (none at FPL) at March 31, 2022 and $645 million (none at FPL) at December 31, 2021. If FPL's and NEECH's credit ratings were downgraded to below investment grade, applicable NEE subsidiaries would be required to post additional collateral such that the total posted collateral would be approximately $3.9 billion ($20 million at FPL) at March 31, 2022 and $2.7 billion ($35 million at FPL) at December 31, 2021. Some derivative contracts do not contain credit ratings downgrade triggers, but do contain provisions that require certain financial measures be maintained and/or have credit-related cross-default triggers. In the event these provisions were triggered, applicable NEE subsidiaries could be required to post additional collateral of up to approximately $1.1 billion ($135 million at FPL) at March 31, 2022 and $1.0 billion ($145 million at FPL) at December 31, 2021. Collateral related to derivatives may be posted in the form of cash or credit support in the normal course of business. At March 31, 2022 and December 31, 2021, applicable NEE subsidiaries have posted approximately $99 million (none at FPL) and $84 million (none at FPL), respectively, in cash, and $1.2 billion (none at FPL) and $1.1 billion (none at FPL), respectively, in the form of letters of credit, each of which could be applied toward the collateral requirements described above. FPL and NEECH have capacity under their credit facilities generally in excess of the collateral requirements described above that would be available to support, among other things, derivative activities. Under the terms of the credit facilities, maintenance of a specific credit rating is not a condition to drawing on these credit facilities, although there are other conditions to drawing on these credit facilities. Additionally, some contracts contain certain adequate assurance provisions whereby a counterparty may demand additional collateral based on subjective events and/or conditions. Due to the subjective nature of these provisions, NEE and FPL are unable to determine an exact value for these items and they are not included in any of the quantitative disclosures above.

Non-Derivative Fair Value Measu

Non-Derivative Fair Value Measurements	3 Months Ended
Non-Derivative Fair Value Measurements	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Non-derivative fair value measurements consist of NEE’s and FPL’s cash equivalents and restricted cash equivalents, special use funds and other investments. The fair value of these financial assets is determined by using the valuation techniques and inputs as described in Note 2 – Fair Value Measurements of Derivative Instruments as well as below. Cash Equivalents and Restricted Cash Equivalents – NEE and FPL hold investments in money market funds. The fair value of these funds is estimated using a market approach based on current observable market prices. Special Use Funds and Other Investments – NEE and FPL hold primarily debt and equity securities directly, as well as indirectly through commingled funds. Substantially all directly held equity securities are valued at their quoted market prices. For directly held debt securities, multiple prices and price types are obtained from pricing vendors whenever possible, which enables cross-provider validations. A primary price source is identified based on asset type, class or issue of each security. Commingled funds, which are similar to mutual funds, are maintained by banks or investment companies and hold certain investments in accordance with a stated set of objectives. The fair value of commingled funds is primarily derived from the quoted prices in active markets of the underlying securities. Because the fund shares are offered to a limited group of investors, they are not considered to be traded in an active market. Recurring Non-Derivative Fair Value Measurements – NEE's and FPL's financial assets and other fair value measurements made on a recurring basis by fair value hierarchy level are as follows: March 31, 2022 Level 1 Level 2 Level 3 Total (millions) Assets: Cash equivalents and restricted cash equivalents: (a) NEE – equity securities $ 548 $ — $ — $ 548 FPL – equity securities $ 46 $ — $ — $ 46 Special use funds: (b) NEE: Equity securities $ 2,414 $ 2,870 (c) $ — $ 5,284 U.S. Government and municipal bonds $ 728 $ 56 $ — $ 784 Corporate debt securities $ 1 $ 857 $ — $ 858 Asset-backed securities $ — $ 635 $ — $ 635 Other debt securities $ 2 $ 35 $ — $ 37 FPL: Equity securities $ 833 $ 2,602 (c) $ — $ 3,435 U.S. Government and municipal bonds $ 597 $ 29 $ — $ 626 Corporate debt securities $ — $ 634 $ — $ 634 Asset-backed securities $ — $ 499 $ — $ 499 Other debt securities $ 2 $ 24 $ — $ 26 Other investments: (d) NEE: Equity securities $ 67 $ 2 $ — $ 69 Debt securities $ 105 $ 186 $ 37 $ 328 FPL – equity securities $ 14 $ — $ — $ 14 ——————————————— (a) Includes restricted cash equivalents of approximately $52 million ($44 million for FPL) in current other assets on the condensed consolidated balance sheets. (b) Excludes investments accounted for under the equity method and loans not measured at fair value on a recurring basis. See Fair Value of Financial Instruments Recorded at Other than Fair Value below. (c) Primarily invested in commingled funds whose underlying securities would be Level 1 if those securities were held directly by NEE or FPL. (d) Included in noncurrent other assets on NEE's and FPL's condensed consolidated balance sheets. December 31, 2021 Level 1 Level 2 Level 3 Total (millions) Assets: Cash equivalents and restricted cash equivalents: (a) NEE – equity securities $ 176 $ — $ — $ 176 FPL – equity securities $ 58 $ — $ — $ 58 Special use funds: (b) NEE: Equity securities $ 2,538 $ 2,973 (c) $ — $ 5,511 U.S. Government and municipal bonds $ 770 $ 75 $ — $ 845 Corporate debt securities $ 7 $ 955 $ — $ 962 Asset-backed securities $ — $ 663 $ — $ 663 Other debt securities $ 2 $ 33 $ — $ 35 FPL: Equity securities $ 862 $ 2,690 (c) $ — $ 3,552 U.S. Government and municipal bonds $ 624 $ 44 $ — $ 668 Corporate debt securities $ 6 $ 720 $ — $ 726 Asset-backed securities $ — $ 515 $ — $ 515 Other debt securities $ 2 $ 23 $ — $ 25 Other investments: (d) NEE: Equity securities $ 70 $ 2 $ — $ 72 Debt securities $ 111 $ 162 $ 12 $ 285 FPL – equity securities $ 13 $ — $ — $ 13 ——————————————— (a) Includes restricted cash equivalents of approximately $56 million ($53 million for FPL) in current other assets on the condensed consolidated balance sheets. (b) Excludes investments accounted for under the equity method and loans not measured at fair value on a recurring basis. See Fair Value of Financial Instruments Recorded at Other than Fair Value below. (c) Primarily invested in commingled funds whose underlying securities would be Level 1 if those securities were held directly by NEE or FPL. (d) Included in noncurrent other assets on NEE's and FPL's condensed consolidated balance sheets. Contingent Consideration – At March 31, 2022, NEER had approximately $245 million of contingent consideration liabilities which are included in noncurrent other liabilities on NEE's condensed consolidated balance sheet. The liabilities relate to contingent consideration for the completion of capital expenditures for future development projects in connection with the acquisition of GridLiance Holdco, LP and GridLiance GP, LLC (GridLiance) (see Note 5 – GridLiance). NEECH guarantees the contingent consideration obligations under the GridLiance acquisition agreements. Significant inputs and assumptions used in the fair value measurement, some of which are Level 3 and require judgement, include the projected timing and amount of future cash flows, estimated probability of completing future development projects as well as discount rates. Fair Value of Financial Instruments Recorded at Other than Fair Value – The carrying amounts of commercial paper and other short-term debt approximate their fair values. The carrying amounts and estimated fair values of other financial instruments recorded at other than fair value are as follows: March 31, 2022 December 31, 2021 Carrying Estimated Carrying Estimated (millions) NEE: Special use funds (a) $ 894 $ 894 $ 906 $ 907 Other investments (b) $ 180 $ 180 $ 102 $ 102 Long-term debt, including current portion $ 56,538 $ 57,304 (c) $ 52,745 $ 57,290 (c) FPL: Special use funds (a) $ 658 $ 659 $ 672 $ 672 Long-term debt, including current portion $ 20,993 $ 22,061 (c) $ 18,510 $ 21,379 (c) ——————————————— (a) Primarily represents investments accounted for under the equity method and loans not measured at fair value on a recurring basis (Level 2). (b) Included in noncurrent other assets on NEE's condensed consolidated balance sheets. (c) At March 31, 2022 and December 31, 2021, substantially all is Level 2 for NEE and FPL. Special Use Funds and Other Investments – The special use funds noted above and those carried at fair value (see Recurring Non-Derivative Fair Value Measurements above) consist of NEE's nuclear decommissioning fund assets of approximately $8,417 million ($5,803 million for FPL) and $8,846 million ($6,082 million for FPL) at March 31, 2022 and December 31, 2021, respectively, and FPL's storm fund assets of $75 million and $76 million at March 31, 2022 and December 31, 2021, respectively. The investments held in the special use funds and other investments consist of equity and available for sale debt securities which are primarily carried at estimated fair value. The amortized cost of debt securities is approximately $2,695 million ($1,840 million for FPL) and $2,438 million ($1,877 million for FPL) at March 31, 2022 and December 31, 2021, respectively. Debt securities included in the nuclear decommissioning funds have a weighted-average maturity at March 31, 2022 of approximately eight years at both NEE and FPL. FPL's storm fund primarily consists of debt securities with a weighted-average maturity at March 31, 2022 of approximately two years. Other investments consist of debt securities with a weighted-average maturity at March 31, 2022 of approximately four years. The cost of securities sold is determined using the specific identification method. For FPL's special use funds, changes in fair value of debt and equity securities, including any estimated credit losses of debt securities, result in a corresponding adjustment to the related regulatory asset or liability accounts, consistent with regulatory treatment. For NEE's non-rate regulated operations, changes in fair value of debt securities result in a corresponding adjustment to OCI, except for estimated credit losses and unrealized losses on debt securities intended or required to be sold prior to recovery of the amortized cost basis, which are recognized in other – net in NEE's condensed consolidated statements of income (loss). Changes in fair value of equity securities are primarily recorded in change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net in NEE’s condensed consolidated statements of income (loss). Unrealized gains (losses) recognized on equity securities held at March 31, 2022 and 2021 are as follows: NEE FPL Three Months Ended March 31, Three Months Ended March 31, 2022 2021 2022 2021 (millions) Unrealized gains (losses) $ (299) $ 247 $ (190) $ 161 Realized gains and losses and proceeds from the sale or maturity of available for sale debt securities are as follows: NEE FPL Three Months Ended March 31, Three Months Ended March 31, 2022 2021 2022 2021 (millions) Realized gains $ 8 $ 18 $ 7 $ 12 Realized losses $ 27 $ 14 $ 19 $ 13 Proceeds from sale or maturity of securities $ 721 $ 548 $ 418 $ 390 The unrealized gains and unrealized losses on available for sale debt securities and the fair value of available for sale debt securities in an unrealized loss position are as follows: NEE FPL March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 (millions) Unrealized gains $ 16 $ 76 $ 13 $ 63 Unrealized losses (a) $ 115 $ 19 $ 78 $ 15 Fair value $ 2,039 $ 1,100 $ 1,394 $ 857 ——————————————— (a) Unrealized losses on available for sale debt securities in an unrealized loss position for greater than twelve months at March 31, 2022 and December 31, 2021 were not material to NEE or FPL. Regulations issued by the FERC and the NRC provide general risk management guidelines to protect nuclear decommissioning funds and to allow such funds to earn a reasonable return. The FERC regulations prohibit, among other investments, investments in any securities of NEE or its subsidiaries, affiliates or associates, excluding investments tied to market indices or mutual funds. Similar restrictions applicable to the decommissioning funds for NEER's nuclear plants are included in the NRC operating licenses for those facilities or in NRC regulations applicable to NRC licensees not in cost-of-service environments. With respect to the decommissioning fund for Seabrook, decommissioning fund contributions and withdrawals are also regulated by the New Hampshire Nuclear Decommissioning Financing Committee pursuant to New Hampshire law. The nuclear decommissioning reserve funds are managed by investment managers who must comply with the guidelines of NEE and FPL and the rules of the applicable regulatory authorities. The funds' assets are invested giving consideration to taxes, liquidity, risk, diversification and other prudent investment objectives. Nonrecurring Fair Value Measurements – NEE tests its equity method investments for impairment whenever events or changes in circumstances indicate that the investment may be impaired. On February 2, 2022, the U.S. Court of Appeals for the Fourth Circuit (the 4th Circuit) vacated and remanded Mountain Valley Pipeline, LLC’s (Mountain Valley Pipeline) Biological Opinion issued by the U.S. Fish and Wildlife Service. While NextEra Energy Resources continues to evaluate options and next steps with its joint venture partners, this event along with the 4th Circuit vacatur and remand of the U.S. Forest Service right-of-way grant on January 25, 2022 caused NextEra Energy Resources to re-evaluate its investment in Mountain Valley Pipeline for further other-than-temporary impairment, which evaluation coincided with the preparation of NEE's December 31, 2021 financial statements. As a result of this evaluation, it was determined that the continued legal and regulatory challenges have resulted in a very low probability of pipeline completion. Accordingly, NextEra Energy Resources performed a fair value analysis based on the market approach to determine the amount of the impairment. The challenges to complete construction and the resulting economic outlook for the pipeline were considered in determining the magnitude of the other-than-temporary impairment. Based on this fair value analysis, NextEra Energy Resources recorded an impairment charge of approximately $0.8 billion ($0.6 billion after tax), which is recorded in equity in earnings (losses) of equity method investees in NEE’s condensed consolidated statements of income (loss) for the three months ended March 31, 2022. This impairment charge resulted in the complete write off of NextEra Energy Resources’ equity method investment carrying amount of approximately $0.6 billion, as well as the recording of a liability of approximately $0.2 billion which reflects NextEra Energy Resources’ share of estimated future dismantlement costs. The fair value estimate was based on a probability-weighted earnings before interest, taxes, depreciation and amortization (EBITDA) multiple valuation technique using a market participant view of the potential different outcomes for the investment. As part of the valuation, NextEra Energy Resources used observable inputs where available, including the EBITDA multiples of recent pipeline transactions. Significant unobservable inputs (Level 3), including the probabilities assigned to the different potential outcomes, the forecasts of operating revenues and costs, and the projected capital expenditures to complete the project, were also used in the estimation of fair value. An increase in the revenue forecasts, a decrease in the projected operating or capital expenditures or an increase in the probability assigned to the full pipeline being completed would result in an increased fair market value. Changes in the opposite direction of those unobservable inputs would result in a decreased fair market value.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes NEE's effective income tax rate for the three months ended March 31, 2022 and 2021 was approximately 34.1% and 14.3%, respectively. NEE's effective income tax rate is based on the composition of pretax income or loss, and, for the three months ended March 31, 2022, primarily reflects the impact of unfavorable changes in the fair value of commodity and equity securities held in NEER's nuclear decommissioning funds, as well as the impairment charge related to the investment in Mountain Valley Pipeline (see Note 3 – Nonrecurring Fair Value Measurements). State income taxes for the three months ended March 31, 2021 reflect state tax benefits associated with the financial impacts from the February 2021 weather event. A reconciliation between the effective income tax rates and the applicable statutory rate is as follows: NEE FPL Three Months Ended March 31, Three Months Ended March 31, 2022 2021 2022 2021 Statutory federal income tax rate 21.0 % 21.0 % 21.0 % 21.0 % Increases (reductions) resulting from: State income taxes – net of federal income tax benefit 5.7 0.8 4.3 4.4 Taxes attributable to noncontrolling interests (4.7) 2.0 — — PTCs and ITCs – NEER 6.2 (5.0) — — Amortization of deferred regulatory credit 4.7 (1.9) (4.0) (3.4) Other – net 1.2 (2.6) (0.6) (0.8) Effective income tax rate 34.1 % 14.3 % 20.7 % 21.2 %

Acquisitions

Acquisitions	3 Months Ended
Acquisitions	Mar. 31, 2022
Business Combinations [Abstract]
Acquisitions	Acquisitions Merger of FPL and Gulf Power Company – On January 1, 2021, FPL and Gulf Power Company merged, with FPL as the surviving entity. As a result of the merger, FPL acquired assets of approximately $6.7 billion, primarily relating to property, plant and equipment, net of approximately $4.9 billion and regulatory assets of $1.2 billion, and assumed liabilities of approximately $3.9 billion, including $1.8 billion of debt, primarily long-term debt, $729 million of deferred income taxes and $566 million of regulatory liabilities. Additionally, goodwill of approximately $2.7 billion and purchase accounting adjustments associated with the 2019 Gulf Power Company acquisition by NEE were transferred to FPL from Corporate and Other and, for impairment testing, the goodwill is included in the FPL reporting unit. The assets acquired and liabilities assumed by FPL were at carrying amounts as the merger was between entities under common control. GridLiance – On March 31, 2021, a wholly owned subsidiary of NEET acquired GridLiance, which owns and operates three FERC-regulated transmission utilities with approximately 700 miles of high-voltage transmission lines across six states, five in the Midwest and Nevada. The purchase price included approximately $502 million in cash consideration, and the assumption of approximately $175 million of debt, excluding post-closing adjustments. Under the acquisition method, the purchase price was allocated to the assets acquired and liabilities assumed based on their fair value. The approval by the FERC of GridLiance’s rates, which is intended to allow GridLiance to collect total revenues equal to GridLiance's costs for the development, financing, construction, operation and maintenance of GridLiance, including a reasonable rate of return on invested capital, is considered a fundamental input in measuring the fair value of GridLiance's assets and liabilities and, as such, NEE concluded that the carrying values of all assets and liabilities recoverable through rates are representative of their fair values. As a result, NEE acquired assets of approximately $384 million, primarily relating to property, plant and equipment, and assumed liabilities of approximately $210 million, primarily relating to long-term debt. The acquisition agreements are subject to earn-out provisions for additional payments, valued at approximately $264 million at March 31, 2021, to be made upon the completion of capital expenditures for future development projects (see Note 3 – Contingent Consideration). The excess of the purchase price over the fair value of assets acquired and liabilities assumed resulted in approximately $592 million of goodwill which has been recognized on NEE's condensed consolidated balance sheets, of which approximately $586 million is expected to be deductible for tax purposes. Goodwill associated with the GridLiance acquisition is reflected within NEER and, for impairment testing, is included in the rate-regulated transmission reporting unit. The goodwill arising from the transaction represents expected benefits from continued expansion of NEE's regulated businesses.

NEP

NEP	3 Months Ended
NEP	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NEP	NEP NextEra Energy Resources provides operational, management and administrative services as well as transportation and fuel management services to NEP and its subsidiaries under various agreements (service agreements). NextEra Energy Resources is also party to a CSCS agreement with a subsidiary of NEP. At March 31, 2022 and December 31, 2021, the cash sweep amounts (due to NEP and its subsidiaries) held in accounts belonging to NextEra Energy Resources or its subsidiaries were approximately $135 million and $57 million, respectively, and are included in accounts payable. Fee income related to the CSCS agreement and the service agreements totaled approximately $41 million and $33 million for the three months ended March 31, 2022 and 2021, respectively, and is included in operating revenues in NEE's condensed consolidated statements of income (loss). Amounts due from NEP of approximately $78 million and $113 million are included in other receivables and $39 million and $40 million are included in noncurrent other assets at March 31, 2022 and December 31, 2021, respectively. NEECH or NextEra Energy Resources guaranteed or provided indemnifications, letters of credit or surety bonds totaling approximately $3,382 million at March 31, 2022 primarily related to obligations on behalf of NEP's subsidiaries with maturity dates ranging from 2022 to 2059, including certain project performance obligations, obligations under financing and interconnection agreements and obligations, primarily incurred and future construction payables, associated with the December 2021 sale of projects to NEP (see Note 11 – Disposal of Businesses/Assets and Sale of Noncontrolling Ownership Interests ) . Payment guarantees and related contracts with respect to unconsolidated entities for which NEE or one of its subsidiaries are the guarantor are recorded on NEE’s condensed consolidated balance sheets at fair value. At March 31, 2022, approximately $43 million related to the fair value of the credit support provided under the CSCS agreement is recorded as noncurrent other liabilities on NEE's condensed consolidated balance sheet.

Variable Interest Entities (VIE

Variable Interest Entities (VIEs)	3 Months Ended
Variable Interest Entities (VIEs)	Mar. 31, 2022
Variable Interest Entities [Abstract]
Variable Interest Entities (VIEs)	Variable Interest Entities (VIEs) NEER – At March 31, 2022, NEE consolidates a number of VIEs within the NEER segment. Subsidiaries within the NEER segment are considered the primary beneficiary of these VIEs since they control the most significant activities of these VIEs, including operations and maintenance, and they have the obligation to absorb expected losses of these VIEs. Eight indirect subsidiaries of NextEra Energy Resources have an ownership interest ranging from approximately 50% to 67% in entities which own and operate solar facilities with the capability of producing a total of approximately 772 MW. Each of the subsidiaries is considered a VIE since the non-managing members have no substantive rights over the managing members, and is consolidated by NextEra Energy Resources. These entities sell their electric output to third parties under power sales contracts with expiration dates ranging from 2035 through 2052. These entities have third-party debt which is secured by liens against the assets of the entities. The debt holders have no recourse to the general credit of NextEra Energy Resources for the repayment of debt. The assets and liabilities of these VIEs were approximately $1,848 million and $1,202 million, respectively, at March 31, 2022, and $1,851 million and $1,258 million, respectively, at December 31, 2021. At March 31, 2022 and December 31, 2021, the assets and liabilities of these VIEs consisted primarily of property, plant and equipment and long-term debt. NEE consolidates a NEET VIE that constructed an approximately 280-mile electric transmission line that went into service during the first quarter of 2022. A NEET subsidiary is the primary beneficiary and controls the most significant activities of the VIE. NEET is entitled to receive 50% of the profits and losses of the entity. The assets and liabilities of the VIE totaled approximately $649 million and $61 million, respectively, at March 31, 2022, and $614 million and $64 million, respectively, at December 31, 2021. At March 31, 2022 and December 31, 2021, the assets and liabilities of this VIE consisted primarily of property, plant and equipment and accounts payable. NextEra Energy Resources consolidates a VIE which has a 10% direct ownership interest in wind generation facilities and solar facilities which have the capability of producing approximately 400 MW and 599 MW, respectively. These entities sell their electric output under power sales contracts to third parties with expiration dates ranging from 2025 through 2040. These entities are also considered a VIE because the holders of differential membership interests in these entities do not have substantive rights over the significant activities of these entities. The assets and liabilities of the VIE were approximately $1,513 million and $77 million, respectively, at March 31, 2022, and $1,518 million and $79 million, respectively, at December 31, 2021. At March 31, 2022 and December 31, 2021, the assets and liabilities of this VIE consisted primarily of property, plant and equipment and accounts payable. NextEra Energy Resources consolidates 33 VIEs that primarily relate to certain subsidiaries which have sold differential membership interests in entities which own and operate wind generation as well as solar and solar plus battery storage facilities with the capability of producing a total of approximately 10,626 MW and 1,069 MW, respectively, and own wind generation as well as solar and solar plus battery storage facilities that, upon completion of construction, which is anticipated in the second quarter of 2022, are expected to have a total capacity of approximately 200 MW and 50 MW, respectively. These entities sell, or will sell, their electric output either under power sales contracts to third parties with expiration dates ranging from 2024 through 2053 or in the spot market. These entities are considered VIEs because the holders of differential membership interests do not have substantive rights over the significant activities of these entities. NextEra Energy Resources has financing obligations with respect to these entities, including third-party debt which is secured by liens against the generation facilities and the other assets of these entities or by pledges of NextEra Energy Resources' ownership interest in these entities. The debt holders have no recourse to the general credit of NEER for the repayment of debt. The assets and liabilities of these VIEs totaled approximately $17,054 million and $1,257 million, respectively, at March 31, 2022 and $17,419 million and $1,480 million, respectively, at December 31, 2021. At March 31, 2022 and December 31, 2021, the assets and liabilities of these VIEs consisted primarily of property, plant and equipment and accounts payable. At March 31, 2022, subsidiaries of NEE had guarantees related to certain obligations of one of these consolidated VIEs. Other – At March 31, 2022 and December 31, 2021, several NEE subsidiaries had investments totaling approximately $4,368 million ($3,641 million at FPL) and $4,559 million ($3,799 million at FPL), respectively, which are included in special use funds and noncurrent other assets on NEE's condensed consolidated balance sheets and in special use funds on FPL's condensed consolidated balance sheets. These investments represented primarily commingled funds and asset-backed securities. NEE subsidiaries, including FPL, are not the primary beneficiaries and therefore do not consolidate any of these entities because they do not control any of the ongoing activities of these entities, were not involved in the initial design of these entities and do not have a controlling financial interest in these entities. Certain subsidiaries of NEE have noncontrolling interests in entities accounted for under the equity method, including NEE's noncontrolling interest in NEP OpCo (see Note 6). These entities are limited partnerships or similar entity structures in which the limited partners or non-managing members do not have substantive rights over the significant activities of these entities, and therefore are considered VIEs. NEE is not the primary beneficiary because it does not have a controlling financial interest in these entities, and therefore does not consolidate any of these entities. NEE’s investment in these entities totaled approximately $4,438 million and $4,214 million at March 31, 2022 and December 31, 2021, respectively. At March 31, 2022 and December 31, 2021, subsidiaries of NEE had guarantees related to certain obligations of one of these entities, as well as commitments to invest

Employee Retirement Benefits

Employee Retirement Benefits	3 Months Ended
Employee Retirement Benefits	Mar. 31, 2022
Retirement Benefits [Abstract]
Employee Retirement Benefits	Employee Retirement Benefits NEE sponsors a qualified noncontributory defined benefit pension plan for substantially all employees of NEE and its subsidiaries and sponsors a contributory postretirement plan for other benefits for retirees of NEE and its subsidiaries meeting certain eligibility requirements. The components of net periodic cost (income) for the plans are as follows: Pension Benefits Postretirement Benefits Three Months Ended March 31, Three Months Ended March 31, 2022 2021 2022 2021 (millions) Service cost $ 22 $ 22 $ — $ 1 Interest cost 19 16 1 1 Expected return on plan assets (91) (85) — — Amortization of actuarial loss — 6 1 1 Amortization of prior service benefit — — (1) (4) Net periodic cost (income) at NEE $ (50) $ (41) $ 1 $ (1) Net periodic cost (income) allocated to FPL $ (34) $ (27) $ 1 $ (1)

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt Significant long-term debt issuances and borrowings during the three months ended March 31, 2022 were as follows: Principal Amount Interest Rate Maturity Date (millions) FPL: First mortgage bonds $ 1,500 2.45 % 2032 Senior unsecured notes $ 1,000 Variable (a) 2024 NEECH: Debentures $ 1,375 2.94 % – 4.30 % 2024 – 2062 Debentures $ 400 Variable (a) 2024 ——————————————— (a) Variable rate is based on an underlying index plus a specified margin

Equity

Equity	3 Months Ended
Equity	Mar. 31, 2022
Equity [Abstract]
Equity	Equity Earnings (Loss) Per Share – The reconciliation of NEE's basic and diluted earnings (loss) per share attributable to NEE is as follows: Three Months Ended March 31, 2022 2021 (millions, except per share amounts) Numerator – net income (loss) attributable to NEE $ (451) $ 1,666 Denominator: Weighted-average number of common shares outstanding – basic 1,964.7 1,961.6 Equity units, stock options, performance share awards and restricted stock (a) 8.9 11.4 Weighted-average number of common shares outstanding – assuming dilution 1,973.6 1,973.0 Earnings (loss) per share attributable to NEE: Basic $ (0.23) $ 0.85 Assuming dilution $ (0.23) $ 0.84 ——————————————— (a) Calculated using the treasury stock method. Performance share awards are included in diluted weighted-average number of common shares outstanding based upon what would be issued if the end of the reporting period was the end of the term of the award. Common shares issuable pursuant to equity units, stock options and/or performance share awards, as well as restricted stock which were not included in the denominator above due to their antidilutive effect were approximately 58.5 million and 58.4 million for the three months ended March 31, 2022 and 2021, respectively. Accumulated Other Comprehensive Income (Loss) – The components of AOCI, net of tax, are as follows: Accumulated Other Comprehensive Income (Loss) Net Unrealized Gains (Losses) on Cash Flow Hedges Net Unrealized Gains (Losses) on Available for Sale Securities Defined Benefit Pension and Other Benefits Plans Net Unrealized Gains (Losses) on Foreign Currency Translation Other Comprehensive Income (Loss) Related to Equity Method Investees Total (millions) Three months ended March 31, 2022 Balances, December 31, 2021 $ 14 $ 5 $ 25 $ (49) $ 5 $ — Other comprehensive income (loss) before reclassifications — (30) — 12 — (18) Amounts reclassified from AOCI 4 (a) — — — — 4 Net other comprehensive income (loss) 4 (30) — 12 — (14) Less other comprehensive income attributable to noncontrolling interests — — — 6 — 6 Balances, March 31, 2022 $ 18 $ (25) $ 25 $ (43) $ 5 $ (20) Attributable to noncontrolling interests $ — $ — $ — $ 12 $ — $ 12 ——————————————— (a) Reclassified to interest expense in NEE's condensed consolidated statements of income (loss). See Note 2 – Income Statement Impact of Derivative Instruments. Accumulated Other Comprehensive Income (Loss) Net Unrealized Gains (Losses) on Cash Flow Hedges Net Unrealized Gains (Losses) on Available for Sale Securities Defined Benefit Pension and Other Benefits Plans Net Unrealized Gains (Losses) on Foreign Currency Translation Other Comprehensive Income (Loss) Related to Equity Method Investees Total (millions) Three Months Ended March 31, 2021 Balances, December 31, 2020 $ 8 $ 20 $ (75) $ (49) $ 4 $ (92) Other comprehensive income (loss) before reclassifications — (8) — 6 — (2) Amounts reclassified from AOCI 2 (a) (3) (b) 1 (c) — — — Net other comprehensive income (loss) 2 (11) 1 6 — (2) Less other comprehensive income (loss) attributable to noncontrolling interests — — — (2) — (2) Balances, March 31, 2021 $ 10 $ 9 $ (74) $ (45) $ 4 $ (96) Attributable to noncontrolling interests $ — $ — $ — $ 2 $ — $ 2 ——————————————— (a) Reclassified to interest expense in NEE's condensed consolidated statements of income (loss). See Note 2 – Income Statement Impact of Derivative Instruments. (b) Reclassified to gains on disposal of investments and other property – net in NEE's condensed consolidated statements of income (loss). (c) Reclassified to other net periodic benefit income in NEE's condensed consolidated statements of income (loss).

Summary of Significant Accounti

Summary of Significant Accounting and Reporting Policies	3 Months Ended
Summary of Significant Accounting and Reporting Policies	Mar. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting and Reporting Policies	Summary of Significant Accounting and Reporting Policies Restricted Cash – At March 31, 2022 and December 31, 2021, NEE had approximately $1,261 million ($45 million for FPL) and $677 million ($53 million for FPL), respectively, of restricted cash, which is included in current other assets on NEE's and FPL's condensed consolidated balance sheets. Restricted cash is primarily related to debt service payments and margin cash collateral requirements at NEER and bond proceeds held for construction at FPL. In addition, where offsetting positions exist, restricted cash related to margin cash collateral of $402 million is netted against derivative assets and $985 million is netted against derivative liabilities at March 31, 2022 and $121 million is netted against derivative assets and $172 million is netted against derivative liabilities at December 31, 2021. See Note 2. Disposal of Businesses/Assets and Sale of Noncontrolling Ownership Interests – In December 2021, subsidiaries of NextEra Energy Resources sold their 100% ownership interest, comprised of a 50% controlling ownership interest to a NEP subsidiary and a 50% noncontrolling ownership interest to a third party, in a portfolio of seven wind generation facilities and six solar generation facilities representing a total generating capacity of 2,520 MW and 115 MW of battery storage capacity, three of which facilities were under construction. In connection with the three facilities that were under construction, approximately $668 million of cash received, which was subject to post-closing adjustments, was recorded as contract liabilities, which was included in current other liabilities on NEE’s condensed consolidated balance sheet at December 31, 2021. During the three months ended March 31, 2022, upon the three facilities achieving commercial operations, approximately $551 million of contract liabilities were reversed and the sale was recognized for accounting purposes. The remaining contract liability balance primarily relates to differential membership interests proceeds and is contingent on the enactment of a solar PTC by October 31, 2022 and is included in current other liabilities on NEE’s condensed consolidated balance sheet at March 31, 2022. If there is an enactment of a solar PTC by October 31, 2022, the contract liability will be reversed and the additional sales proceeds recognized for accounting purposes. Otherwise, NextEra Energy Resources may be required to return proceeds related to differential membership interests of approximately $117 million to NEP. In addition, NextEra Energy Resources is responsible to pay for all construction costs related to the portfolio. At March 31, 2022 and December 31, 2021, approximately $545 million and $970 million, respectively, is included in accounts payable on NEE's condensed consolidated balance sheets and represents amounts owed by NextEra Energy Resources to NEP to reimburse NEP for construction costs. Credit Losses – NEE's credit department monitors current and forward credit exposure to counterparties and their affiliates. Prospective and existing customers are reviewed for creditworthiness based on established standards and credit quality indicators. Credit quality indicators and standards that are closely monitored include credit ratings, certain financial ratios and delinquency trends which are based off the latest available information. Customers not meeting minimum standards provide various credit enhancements or secured payment terms, such as letters of credit, the posting of margin cash collateral or use of master netting arrangements. For the three months ended March 31, 2022 and 2021, NEE recorded approximately $37 million and $152 million of bad debt expense, including credit losses, respectively, which are included in O&M expenses in NEE’s condensed consolidated statements of income (loss). The amounts primarily relate to credit losses at NEER driven by the operational and energy market impacts of the February 2021 weather event. The estimate for credit losses related to the impacts of the February 2021 weather event was developed based on NEE’s assessment of the ultimate collectability of these receivables under potential workout scenarios. At March 31, 2022 and December 31, 2021, approximately $159 million and $127 million of allowances, respectively, are included in noncurrent other assets on NEE's condensed consolidated balance sheets related to the February 2021 weather event. Property Plant and Equipment – Property, plant and equipment consists of the following: NEE FPL March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 (millions) Electric plant in service and other property $ 115,172 $ 112,500 $ 69,119 $ 67,771 Nuclear fuel 1,561 1,606 1,124 1,170 Construction work in progress 14,721 14,141 6,543 6,326 Property, plant and equipment, gross 131,454 128,247 76,786 75,267 Accumulated depreciation and amortization (29,519) (28,899) (17,238) (17,040) Property, plant and equipment – net $ 101,935 $ 99,348 $ 59,548 $ 58,227

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2022
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments – NEE and its subsidiaries have made commitments in connection with a portion of their projected capital expenditures. Capital expenditures at FPL include, among other things, the cost for construction of additional facilities and equipment to meet customer demand, as well as capital improvements to and maintenance of existing facilities. At NEER, capital expenditures include, among other things, the cost, including capitalized interest, for development, construction and maintenance of its competitive energy businesses. Also see Note 3 – Contingent Consideration. At March 31, 2022, estimated capital expenditures, on an accrual basis, for the remainder of 2022 through 2026 were as follows: Remainder of 2022 2023 2024 2025 2026 Total (millions) FPL: Generation: (a) New (b) $ 1,665 $ 1,670 $ 1,700 $ 935 $ 1,065 $ 7,035 Existing 1,275 1,405 1,170 1,170 1,220 6,240 Transmission and distribution (c) 2,990 3,965 4,325 5,065 5,010 21,355 Nuclear fuel 135 110 145 145 120 655 General and other 590 620 525 650 640 3,025 Total $ 6,655 $ 7,770 $ 7,865 $ 7,965 $ 8,055 $ 38,310 NEER: (d) Wind (e) $ 2,630 $ 300 $ 30 $ 20 $ 20 $ 3,000 Solar (f) 3,130 1,570 235 — — 4,935 Battery storage 210 80 — — 5 295 Nuclear, including nuclear fuel 180 150 200 205 210 945 Rate-regulated transmission 135 120 40 25 10 330 Other 1,180 130 150 140 95 1,695 Total $ 7,465 $ 2,350 $ 655 $ 390 $ 340 $ 11,200 ——————————————— (a) Includes AFUDC of approximately $50 million, $75 million, $45 million, $25 million and $25 million for the remainder of 2022 through 2026, respectively. (b) Includes land, generation structures, transmission interconnection and integration and licensing. (c) Includes AFUDC of approximately $35 million, $45 million, $50 million, $30 million and $60 million for the remainder of 2022 through 2026, respectively. (d) Represents capital expenditures for which applicable internal approvals and also, if required, regulatory approvals have been received. (e) Consists of capital expenditures for new wind projects and repowering of existing wind projects totaling approximately 3,464 MW, and related transmission. (f) Includes capital expenditures for new solar projects (including solar plus battery storage projects) totaling approximately 5,594 MW and related transmission. The above estimates are subject to continuing review and adjustment and actual capital expenditures may vary significantly from these estimates. For example, the timing and ultimate cost associated with solar and battery storage capital expenditures may vary due to the U.S. Department of Commerce's investigation into an antidumping and countervailing duties circumvention claim on solar cells and panels supplied from Malaysia, Vietnam, Thailand and Cambodia. In addition to guarantees noted in Note 6 with regards to NEP, NEECH has guaranteed or provided indemnifications or letters of credit related to third parties, including certain obligations of investments in joint ventures accounted for under the equity method, totaling approximately $484 million at March 31, 2022. These obligations primarily related to guaranteeing the residual value of certain financing leases. Payment guarantees and related contracts with respect to unconsolidated entities for which NEE or one of its subsidiaries are the guarantor are recorded at fair value and are included in noncurrent other liabilities on NEE’s condensed consolidated balance sheets. Management believes that the exposure associated with these guarantees is not material. Contracts – In addition to the commitments made in connection with the estimated capital expenditures included in the table in Commitments above, FPL has firm commitments under long-term contracts primarily for the transportation of natural gas with expiration dates through 2042. At March 31, 2022, NEER has entered into contracts with expiration dates through 2033 primarily for the purchase of wind turbines, wind towers and solar modules and related construction and development activities, as well as for the supply of uranium, and the conversion, enrichment and fabrication of nuclear fuel. Approximately $5.0 billion of related commitments are included in the estimated capital expenditures table in Commitments above. In addition, NEER has contracts primarily for the transportation and storage of natural gas with expiration dates through 2040. The required capacity and/or minimum payments under contracts, including those discussed above, at March 31, 2022 were estimated as follows: Remainder of 2022 2023 2024 2025 2026 Thereafter (millions) FPL (a) $ 780 $ 1,005 $ 980 $ 910 $ 840 $ 8,570 NEER (b)(c)(d) $ 4,795 $ 565 $ 175 $ 80 $ 65 $ 525 ——————————————— (a) Includes approximately $310 million, $410 million, $410 million, $405 million, $400 million and $5,960 million for the remainder of 2022 through 2026 and thereafter, respectively, of firm commitments related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection. The charges associated with these agreements are recoverable through the fuel clause and totaled approximately $102 million and $103 million for the three months ended March 31, 2022 and 2021, respectively, of which $26 million and $26 million, respectively, were eliminated in consolidation at NEE. (b) Excludes commitments related to equity contributions and a 20-year natural gas transportation agreement (approximately $70 million per year) with a joint venture, in which NEER has a 31.9% equity investment, that is constructing a natural gas pipeline. These commitments are subject to the completion of construction of the pipeline which has a very low probability of completion. See Note 3 – Nonrecurring Fair Value Measurements. (c) Includes approximately $310 million of commitments to invest in technology and other investments through 2031. See Note 7 – Other. (d) Includes approximately $1,040 million, $225 million, $5 million, $5 million, $0 million and $5 million for the remainder of 2022 through 2026 and thereafter, respectively, of joint obligations of NEECH and NEER. Insurance – Liability for accidents at nuclear power plants is governed by the Price-Anderson Act, which limits the liability of nuclear reactor owners to the amount of insurance available from both private sources and an industry retrospective payment plan. In accordance with this Act, NEE maintains $450 million of private liability insurance per site, which is the maximum obtainable, except at Duane Arnold which obtained an exemption from the NRC and maintains a $100 million private liability insurance limit. Each site, except Duane Arnold, participates in a secondary financial protection system, which provides up to $13.1 billion of liability insurance coverage per incident at any nuclear reactor in the U.S. Under the secondary financial protection system, NEE is subject to retrospective assessments of up to $963 million ($550 million for FPL), plus any applicable taxes, per incident at any nuclear reactor in the U.S., payable at a rate not to exceed $143 million ($82 million for FPL) per incident per year. NextEra Energy Resources and FPL are contractually entitled to recover a proportionate share of such assessments from the owners of minority interests in Seabrook and St. Lucie Unit No. 2, which approximates $16 million and $20 million, plus any applicable taxes, per incident, respectively. NEE participates in a nuclear insurance mutual company that provides $2.75 billion of limited insurance coverage per occurrence per site for property damage, decontamination and premature decommissioning risks at its nuclear plants and a sublimit of $1.5 billion for non-nuclear perils, except for Duane Arnold which has a limit of $50 million for property damage, decontamination risks and non-nuclear perils. NEE participates in co-insurance of 10% of the first $400 million of losses per site per occurrence, except at Duane Arnold. The proceeds from such insurance, however, must first be used for reactor stabilization and site decontamination before they can be used for plant repair. NEE also participates in an insurance program that provides limited coverage for replacement power costs if a nuclear plant is out of service for an extended period of time because of an accident. In the event of an accident at one of NEE's or another participating insured's nuclear plants, NEE could be assessed up to $158 million ($101 million for FPL), plus any applicable taxes, in retrospective premiums in a policy year. NextEra Energy Resources and FPL are contractually entitled to recover a proportionate share of such assessments from the owners of minority interests in Seabrook, Duane Arnold and St. Lucie Unit No. 2, which approximates $2 million, $2 million and $4 million, plus any applicable taxes, respectively.

Segment Information

Segment Information	3 Months Ended
Segment Information	Mar. 31, 2022
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. Effective January 1, 2022, FPL became regulated as one ratemaking entity with new unified rates and tariffs, and became one reportable segment at NEE. As a result, the previous segments known as the FPL segment and Gulf Power are no longer separate reportable segments. Prior year period amounts for FPL and Corporate and Other were retrospectively adjusted to reflect this segment change. NEE's segment information is as follows: Three Months Ended March 31, 2022 2021 FPL NEER (a) Corporate NEE FPL NEER (a) Corporate NEE (millions) Operating revenues $ 3,712 $ (800) $ (22) $ 2,890 $ 2,970 $ 781 $ (25) $ 3,726 Operating expenses – net $ 2,469 $ 1,168 $ 51 $ 3,688 $ 1,856 $ 1,172 $ 43 $ 3,071 Gains (losses) on disposal of businesses/assets – net $ — $ 25 $ (2) $ 23 $ — $ 18 $ (4) $ 14 Net loss attributable to noncontrolling interests $ — $ 242 $ — $ 242 $ — $ 168 $ — $ 168 Net income (loss) attributable to NEE $ 875 $ (1,499) (b) $ 173 $ (451) $ 777 $ 491 (b) $ 398 $ 1,666 ——————————————— (a) Interest expense allocated from NEECH to NextEra Energy Resources' subsidiaries 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) See Note 4 for a discussion of NEER's tax benefits related to PTCs. March 31, 2022 December 31, 2021 FPL NEER Corporate NEE FPL NEER Corporate NEE (millions) Total assets $ 79,090 $ 64,033 $ 1,822 $ 144,945 $ 78,067 $ 62,113 $ 732 $ 140,912

Summary of Significant Accoun_2

Summary of Significant Accounting and Reporting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Derivative Instruments	NEE and FPL use derivative instruments (primarily swaps, options, futures and forwards) to manage the physical and financial risks inherent in the purchase and sale of fuel and electricity, as well as interest rate and foreign currency exchange rate risk associated primarily with outstanding and expected future debt issuances and borrowings, and to optimize the value of NEER's power generation and gas infrastructure assets. NEE and FPL do not utilize hedge accounting for their cash flow and fair value hedges. With respect to commodities related to NEE's competitive energy business, NEER employs risk management procedures to conduct its activities related to optimizing the value of its power generation and gas infrastructure assets, providing full energy and capacity requirements services primarily to distribution utilities, and engaging in power and fuel marketing and trading activities to take advantage of expected future favorable price movements and changes in the expected volatility of prices in the energy markets. These risk management activities involve the use of derivative instruments executed within prescribed limits to manage the risk associated with fluctuating commodity prices. Transactions in derivative instruments are executed on recognized exchanges or via the OTC markets, depending on the most favorable credit terms and market execution factors. For NEER's power generation and gas infrastructure assets, derivative instruments are used to hedge all or a portion of the expected output of these assets. These hedges are designed to reduce the effect of adverse changes in the wholesale forward commodity markets associated with NEER's power generation and gas infrastructure assets. With regard to full energy and capacity requirements services, NEER is required to vary the quantity of energy and related services based on the load demands of the customers served. For this type of transaction, derivative instruments are used to hedge the anticipated electricity quantities required to serve these customers and reduce the effect of unfavorable changes in the forward energy markets. Additionally, NEER takes positions in energy markets based on differences between actual forward market levels and management's view of fundamental market conditions, including supply/demand imbalances, changes in traditional flows of energy, changes in short- and long-term weather patterns and anticipated regulatory and legislative outcomes. NEER uses derivative instruments to realize value from these market dislocations, subject to strict risk management limits around market, operational and credit exposure. Derivative instruments, when required to be marked to market, are recorded on NEE's and FPL's condensed consolidated balance sheets as either an asset or liability measured at fair value. At FPL, substantially all changes in the derivatives' fair value are deferred as a regulatory asset or liability until the contracts are settled, and, upon settlement, any gains or losses are passed through the fuel clause. For NEE's non-rate regulated operations, predominantly NEER, essentially all changes in the derivatives' fair value for power purchases and sales, fuel sales and trading activities are recognized on a net basis in operating revenues and the equity method investees' related activity is recognized in equity in earnings of equity method investees in NEE's condensed consolidated statements of income (loss). Settlement gains and losses are included within the line items in the condensed consolidated statements of income (loss) to which they relate. Transactions for which physical delivery is deemed not to have occurred are presented on a net basis in the condensed consolidated statements of income (loss). For commodity derivatives, NEE believes that, where offsetting positions exist at the same location for the same time, the transactions are considered to have been netted and therefore physical delivery has been deemed not to have occurred for financial reporting purposes. Settlements related to derivative instruments are recognized in net cash provided by operating activities in NEE's and FPL's condensed consolidated statements of cash flows.
Fair Value Measurements	Fair Value Measurements of Derivative Instruments – The fair value of assets and liabilities are determined using either unadjusted quoted prices in active markets (Level 1) or pricing inputs that are observable (Level 2) whenever that information is available and using unobservable inputs (Level 3) to estimate fair value only when relevant observable inputs are not available. NEE and FPL use several different valuation techniques to measure the fair value of assets and liabilities, relying primarily on the market approach of using prices and other market information for identical and/or comparable assets and liabilities for those assets and liabilities that are measured at fair value on a recurring basis. NEE's and FPL's assessment of the significance of any particular input to the fair value measurement requires judgment and may affect placement within the fair value hierarchy levels. Non-performance risk, including the consideration of a credit valuation adjustment, is also considered in the determination of fair value for all assets and liabilities measured at fair value. NEE and FPL measure the fair value of commodity contracts using a combination of market and income approaches utilizing prices observed on commodities exchanges and in the OTC markets, or through the use of industry-standard valuation techniques, such as option modeling or discounted cash flows techniques, incorporating both observable and unobservable valuation inputs. The resulting measurements are the best estimate of fair value as represented by the transfer of the asset or liability through an orderly transaction in the marketplace at the measurement date. Most exchange-traded derivative assets and liabilities are valued directly using unadjusted quoted prices. For exchange-traded derivative assets and liabilities where the principal market is deemed to be inactive based on average daily volumes and open interest, the measurement is established using settlement prices from the exchanges, and therefore considered to be valued using other observable inputs. NEE, through its subsidiaries, including FPL, also enters into OTC commodity contract derivatives. The majority of these contracts are transacted at liquid trading points, and the prices for these contracts are verified using quoted prices in active markets from exchanges, brokers or pricing services for similar contracts. NEE, through NEER, also enters into full requirements contracts, which, in most cases, meet the definition of derivatives and are measured at fair value. These contracts typically have one or more inputs that are not observable and are significant to the valuation of the contract. In addition, certain exchange and non-exchange traded derivative options at NEE have one or more significant inputs that are not observable, and are valued using industry-standard option models. In all cases where NEE and FPL use significant unobservable inputs for the valuation of a commodity contract, consideration is given to the assumptions that market participants would use in valuing the asset or liability. The primary input to the valuation models for commodity contracts is the forward commodity curve for the respective instruments. Other inputs include, but are not limited to, assumptions about market liquidity, volatility, correlation and contract duration as more fully described below in Significant Unobservable Inputs Used in Recurring Fair Value Measurements. In instances where the reference markets are deemed to be inactive or do not have transactions for a similar contract, the derivative assets and liabilities may be valued using significant other observable inputs and potentially significant unobservable inputs. In such instances, the valuation for these contracts is established using techniques including extrapolation from or interpolation between actively traded contracts, or estimated basis adjustments from liquid trading points. NEE and FPL regularly evaluate and validate the inputs used to determine fair value by a number of methods, consisting of various market price verification procedures, including the use of pricing services and multiple broker quotes to support the market price of the various commodities. In all cases where there are assumptions and models used to generate inputs for valuing derivative assets and liabilities, the review and verification of the assumptions, models and changes to the models are undertaken by individuals that are independent of those responsible for estimating fair value. NEE uses interest rate contracts and foreign currency contracts to mitigate and adjust interest rate and foreign currency exchange exposure related primarily to certain outstanding and expected future debt issuances and borrowings when deemed appropriate based on market conditions or when required by financing agreements. NEE estimates the fair value of these derivatives using an income approach based on a discounted cash flows valuation technique utilizing the net amount of estimated future cash inflows and outflows related to the agreements. Cash Equivalents and Restricted Cash Equivalents – NEE and FPL hold investments in money market funds. The fair value of these funds is estimated using a market approach based on current observable market prices. Special Use Funds and Other Investments – NEE and FPL hold primarily debt and equity securities directly, as well as indirectly through commingled funds. Substantially all directly held equity securities are valued at their quoted market prices. For directly held debt securities, multiple prices and price types are obtained from pricing vendors whenever possible, which enables cross-provider validations. A primary price source is identified based on asset type, class or issue of each security. Commingled funds, which are similar to mutual funds, are maintained by banks or investment companies and hold certain investments in accordance with a stated set of objectives. The fair value of commingled funds is primarily derived from the quoted prices in active markets of the underlying securities. Because the fund shares are offered to a limited group of investors, they are not considered to be traded in an active market.
Restricted Cash	Restricted Cash – At March 31, 2022 and December 31, 2021, NEE had approximately $1,261 million ($45 million for FPL) and $677 million ($53 million for FPL), respectively, of restricted cash, which is included in current other assets on NEE's and FPL's condensed consolidated balance sheets. Restricted cash is primarily related to debt service payments and margin cash collateral requirements at NEER and bond proceeds held for construction at FPL. In addition, where offsetting positions exist, restricted cash related to margin cash collateral of $402 million is netted against derivative assets and $985 million is netted against derivative liabilities at March 31, 2022 and $121 million is netted against derivative assets and $172 million is netted against derivative liabilities at December 31, 2021. See Note 2.
Disposal of Businesses/Assets and Sale of Noncontrolling Ownership Interests	Disposal of Businesses/Assets and Sale of Noncontrolling Ownership Interests – In December 2021, subsidiaries of NextEra Energy Resources sold their 100% ownership interest, comprised of a 50% controlling ownership interest to a NEP subsidiary and a 50% noncontrolling ownership interest to a third party, in a portfolio of seven wind generation facilities and six solar generation facilities representing a total generating capacity of 2,520 MW and 115 MW of battery storage capacity, three of which facilities were under construction. In connection with the three facilities that were under construction, approximately $668 million of cash received, which was subject to post-closing adjustments, was recorded as contract liabilities, which was included in current other liabilities on NEE’s condensed consolidated balance sheet at December 31, 2021. During the three months ended March 31, 2022, upon the three facilities achieving commercial operations, approximately $551 million of contract liabilities were reversed and the sale was recognized for accounting purposes. The remaining contract liability balance primarily relates to differential membership interests proceeds and is contingent on the enactment of a solar PTC by October 31, 2022 and is included in current other liabilities on NEE’s condensed consolidated balance sheet at March 31, 2022. If there is an enactment of a solar PTC by October 31, 2022, the contract liability will be reversed and the additional sales proceeds recognized for accounting purposes. Otherwise, NextEra Energy Resources may be required to return proceeds related to differential membership interests of approximately $117 million to NEP. In addition, NextEra Energy Resources is responsible to pay for all construction costs related to the portfolio. At March 31, 2022 and December 31, 2021, approximately $545 million and $970 million, respectively, is included in accounts payable on NEE's condensed consolidated balance sheets and represents amounts owed by NextEra Energy Resources to NEP to reimburse NEP for construction costs.
Allowance for Doubtful Accounts	Credit Losses – NEE's credit department monitors current and forward credit exposure to counterparties and their affiliates. Prospective and existing customers are reviewed for creditworthiness based on established standards and credit quality indicators. Credit quality indicators and standards that are closely monitored include credit ratings, certain financial ratios and delinquency trends which are based off the latest available information. Customers not meeting minimum standards provide various credit enhancements or secured payment terms, such as letters of credit, the posting of margin cash collateral or use of master netting arrangements. For the three months ended March 31, 2022 and 2021, NEE recorded approximately $37 million and $152 million of bad debt expense, including credit losses, respectively, which are included in O&M expenses in NEE’s condensed consolidated statements of income (loss). The amounts primarily relate to credit losses at NEER driven by the operational and energy market impacts of the February 2021 weather event. The estimate for credit losses related to the impacts of the February 2021 weather

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
Derivative Instruments (Tables)	Mar. 31, 2022
Derivative [Line Items]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The tables below present NEE's and FPL's gross derivative positions at March 31, 2022 and December 31, 2021, as required by disclosure rules. However, the majority of the underlying contracts are subject to master netting agreements and generally would not be contractually settled on a gross basis. Therefore, the tables below also present the derivative positions on a net basis, which reflect the offsetting of positions of certain transactions within the portfolio, the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral, as well as the location of the net derivative position on the condensed consolidated balance sheets. March 31, 2022 Level 1 Level 2 Level 3 Netting (a) Total (millions) Assets: NEE: Commodity contracts $ 4,327 $ 9,170 $ 1,968 $ (12,708) $ 2,757 Interest rate contracts $ — $ 243 $ — $ (33) 210 Foreign currency contracts $ — $ 21 $ — $ (37) (16) Total derivative assets $ 2,951 FPL – commodity contracts $ — $ 8 $ 7 $ (9) $ 6 Liabilities: NEE: Commodity contracts $ 5,926 $ 9,042 $ 3,040 $ (13,133) $ 4,875 Interest rate contracts $ — $ 387 $ — $ (33) 354 Foreign currency contracts $ — $ 93 $ — $ (37) 56 Total derivative liabilities $ 5,285 FPL – commodity contracts $ — $ 6 $ 17 $ (9) $ 14 Net fair value by NEE balance sheet line item: Current derivative assets (b) $ 1,392 Noncurrent derivative assets (c) 1,559 Total derivative assets $ 2,951 Current derivative liabilities (d) $ 2,856 Noncurrent derivative liabilities (e) 2,429 Total derivative liabilities $ 5,285 Net fair value by FPL balance sheet line item: Current other assets $ 6 Current other liabilities $ 14 ——————————————— (a) Includes the effect of the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral payments and receipts. NEE and FPL also have contract settlement receivable and payable balances that are subject to the master netting arrangements but are not offset within the condensed consolidated balance sheets and are recorded in customer receivables – net and accounts payable, respectively. (b) Reflects the netting of approximately $573 million in margin cash collateral received from counterparties. (c) Reflects the netting of approximately $74 million in margin cash collateral received from counterparties. (d) Reflects the netting of approximately $87 million in margin cash collateral paid to counterparties. (e) Reflects the netting of approximately $985 million in margin cash collateral paid to counterparties. December 31, 2021 Level 1 Level 2 Level 3 Netting (a) Total (millions) Assets: NEE: Commodity contracts $ 1,896 $ 5,082 $ 1,401 $ (6,622) $ 1,757 Interest rate contracts $ — $ 106 $ — $ (30) 76 Foreign currency contracts $ — $ 8 $ — $ (17) (9) Total derivative assets $ 1,824 FPL – commodity contracts $ — $ 3 $ 13 $ (3) $ 13 Liabilities: NEE: Commodity contracts $ 2,571 $ 4,990 $ 1,231 $ (6,594) $ 2,198 Interest rate contracts $ — $ 739 $ — $ (30) 709 Foreign currency contracts $ — $ 86 $ — $ (17) 69 Total derivative liabilities $ 2,976 FPL – commodity contracts $ — $ 8 $ 5 $ (3) $ 10 Net fair value by NEE balance sheet line item: Current derivative assets (b) $ 689 Noncurrent derivative assets (c) 1,135 Total derivative assets $ 1,824 Current derivative liabilities (d) $ 1,263 Noncurrent derivative liabilities (e) 1,713 Total derivative liabilities $ 2,976 Net fair value by FPL balance sheet line item: Current other assets $ 13 Current other liabilities $ 9 Noncurrent other liabilities 1 Total derivative liabilities $ 10 ——————————————— (a) Includes the effect of the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral payments and receipts. NEE and FPL also have contract settlement receivable and payable balances that are subject to the master netting arrangements but are not offset within the condensed consolidated balance sheets and are recorded in customer receivables – net and accounts payable, respectively. (b) Reflects the netting of approximately $150 million in margin cash collateral received from counterparties. (c) Reflects the netting of approximately $56 million in margin cash collateral received from counterparties. (d) Reflects the netting of approximately $6 million in margin cash collateral paid to counterparties. (e) Reflects the netting of approximately $172 million in margin cash collateral paid to counterparties
Significant unobservable inputs used in valuation of contracts categorized as Level 3	The significant unobservable inputs used in the valuation of NEE's commodity contracts categorized as Level 3 of the fair value hierarchy at March 31, 2022 are as follows: Fair Value at Valuation Significant Weighted- Transaction Type March 31, 2022 Technique(s) Unobservable Inputs Range average (a) Assets Liabilities (millions) Forward contracts – power $ 294 $ (450) Discounted cash flow Forward price (per MWh) $(4) — $223 $43 Forward contracts – gas 206 (180) Discounted cash flow Forward price (per MMBtu) $2 — $23 $4 Forward contracts – congestion 23 (8) Discounted cash flow Forward price (per MWh) $(12) — $21 $— Options – power 88 (11) Option models Implied correlations 37% — 87% 53% Implied volatilities 18% — 242% 61% Options – primarily gas 1,076 (966) Option models Implied correlations 37% — 87% 53% Implied volatilities 18% — 242% 43% Full requirements and unit contingent contracts 35 (1,285) Discounted cash flow Forward price (per MWh) $3 — $386 $78 Customer migration rate (b) —% — 56% 2% Forward contracts – other 246 (140) Total $ 1,968 $ (3,040) ——————————————— (a) Unobservable inputs were weighted by volume. (b) Applies only to full requirements contracts.
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation	The sensitivity of NEE's fair value measurements to increases (decreases) in the significant unobservable inputs is as follows: Significant Unobservable Input Position Impact on Forward price Purchase power/gas Increase (decrease) Sell power/gas Decrease (increase) Implied correlations Purchase option Decrease (increase) Sell option Increase (decrease) Implied volatilities Purchase option Increase (decrease) Sell option Decrease (increase) Customer migration rate Sell power (a) Decrease (increase) ——————————————— (a) Assumes the contract is in a gain position.
Reconciliation of changes in the fair value of derivatives measured based on significant unobservable inputs	The reconciliation of changes in the fair value of derivatives that are based on significant unobservable inputs is as follows: Three Months Ended March 31, 2022 2021 NEE FPL NEE FPL (millions) Fair value of net derivatives based on significant unobservable inputs at December 31 of prior period $ 170 $ 8 $ 1,374 $ (1) Realized and unrealized gains (losses): Included in operating revenues (1,535) — (130) — Included in regulatory assets and liabilities (19) (19) (2) (2) Purchases 183 — 38 — Settlements 250 1 (89) 1 Issuances (98) — (21) — Transfers out (a) (23) — (13) — Fair value of net derivatives based on significant unobservable inputs at March 31 $ (1,072) $ (10) $ 1,157 $ (2) Gains (losses) included in operating revenues attributable to the change in unrealized gains (losses) relating to derivatives held at the reporting date $ (1,405) $ — $ (125) $ — ———————————————
Net notional volumes	NEE and FPL had derivative commodity contracts for the following net notional volumes: March 31, 2022 December 31, 2021 Commodity Type NEE FPL NEE FPL (millions) Power (97) MWh — (103) MWh — Natural gas (1,180) MMBtu 298 MMBtu (1,290) MMBtu 91 MMBtu Oil (34) barrels — (33) barrels —
Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative instruments, gain (loss) in statement of financial performance	Gains (losses) related to NEE's derivatives are recorded in NEE's condensed consolidated statements of income (loss) as follows: Three Months Ended March 31, 2022 2021 (millions) Commodity contracts (a) – operating revenues $ (2,389) $ (488) Foreign currency contracts – interest expense 1 (40) Interest rate contracts – interest expense 471 747 Losses reclassified from AOCI to interest expense: Interest rate contracts (5) (1) Foreign currency contracts (1) (1) Total $ (1,923) $ 217 ——————————————— (a) For the three months ended March 31, 2022 and 2021, FPL recorded losses of approximately $12 million and $7 million, respectively, related to commodity contracts as regulatory assets on its condensed consolidated balance sheets.

Non-Derivative Fair Value Mea_2

Non-Derivative Fair Value Measurements (Tables)	3 Months Ended
Non-Derivative Fair Value Measurements (Tables)	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Financial assets and liabilities and other fair value measurements	NEE's and FPL's financial assets and other fair value measurements made on a recurring basis by fair value hierarchy level are as follows: March 31, 2022 Level 1 Level 2 Level 3 Total (millions) Assets: Cash equivalents and restricted cash equivalents: (a) NEE – equity securities $ 548 $ — $ — $ 548 FPL – equity securities $ 46 $ — $ — $ 46 Special use funds: (b) NEE: Equity securities $ 2,414 $ 2,870 (c) $ — $ 5,284 U.S. Government and municipal bonds $ 728 $ 56 $ — $ 784 Corporate debt securities $ 1 $ 857 $ — $ 858 Asset-backed securities $ — $ 635 $ — $ 635 Other debt securities $ 2 $ 35 $ — $ 37 FPL: Equity securities $ 833 $ 2,602 (c) $ — $ 3,435 U.S. Government and municipal bonds $ 597 $ 29 $ — $ 626 Corporate debt securities $ — $ 634 $ — $ 634 Asset-backed securities $ — $ 499 $ — $ 499 Other debt securities $ 2 $ 24 $ — $ 26 Other investments: (d) NEE: Equity securities $ 67 $ 2 $ — $ 69 Debt securities $ 105 $ 186 $ 37 $ 328 FPL – equity securities $ 14 $ — $ — $ 14 ——————————————— (a) Includes restricted cash equivalents of approximately $52 million ($44 million for FPL) in current other assets on the condensed consolidated balance sheets. (b) Excludes investments accounted for under the equity method and loans not measured at fair value on a recurring basis. See Fair Value of Financial Instruments Recorded at Other than Fair Value below. (c) Primarily invested in commingled funds whose underlying securities would be Level 1 if those securities were held directly by NEE or FPL. (d) Included in noncurrent other assets on NEE's and FPL's condensed consolidated balance sheets. December 31, 2021 Level 1 Level 2 Level 3 Total (millions) Assets: Cash equivalents and restricted cash equivalents: (a) NEE – equity securities $ 176 $ — $ — $ 176 FPL – equity securities $ 58 $ — $ — $ 58 Special use funds: (b) NEE: Equity securities $ 2,538 $ 2,973 (c) $ — $ 5,511 U.S. Government and municipal bonds $ 770 $ 75 $ — $ 845 Corporate debt securities $ 7 $ 955 $ — $ 962 Asset-backed securities $ — $ 663 $ — $ 663 Other debt securities $ 2 $ 33 $ — $ 35 FPL: Equity securities $ 862 $ 2,690 (c) $ — $ 3,552 U.S. Government and municipal bonds $ 624 $ 44 $ — $ 668 Corporate debt securities $ 6 $ 720 $ — $ 726 Asset-backed securities $ — $ 515 $ — $ 515 Other debt securities $ 2 $ 23 $ — $ 25 Other investments: (d) NEE: Equity securities $ 70 $ 2 $ — $ 72 Debt securities $ 111 $ 162 $ 12 $ 285 FPL – equity securities $ 13 $ — $ — $ 13 ——————————————— (a) Includes restricted cash equivalents of approximately $56 million ($53 million for FPL) in current other assets on the condensed consolidated balance sheets. (b) Excludes investments accounted for under the equity method and loans not measured at fair value on a recurring basis. See Fair Value of Financial Instruments Recorded at Other than Fair Value below. (c) Primarily invested in commingled funds whose underlying securities would be Level 1 if those securities were held directly by NEE or FPL. (d) Included in noncurrent other assets on NEE's and FPL's condensed consolidated balance sheets.
Significant unobservable inputs used in valuation of contracts categorized as Level 3	The significant unobservable inputs used in the valuation of NEE's commodity contracts categorized as Level 3 of the fair value hierarchy at March 31, 2022 are as follows: Fair Value at Valuation Significant Weighted- Transaction Type March 31, 2022 Technique(s) Unobservable Inputs Range average (a) Assets Liabilities (millions) Forward contracts – power $ 294 $ (450) Discounted cash flow Forward price (per MWh) $(4) — $223 $43 Forward contracts – gas 206 (180) Discounted cash flow Forward price (per MMBtu) $2 — $23 $4 Forward contracts – congestion 23 (8) Discounted cash flow Forward price (per MWh) $(12) — $21 $— Options – power 88 (11) Option models Implied correlations 37% — 87% 53% Implied volatilities 18% — 242% 61% Options – primarily gas 1,076 (966) Option models Implied correlations 37% — 87% 53% Implied volatilities 18% — 242% 43% Full requirements and unit contingent contracts 35 (1,285) Discounted cash flow Forward price (per MWh) $3 — $386 $78 Customer migration rate (b) —% — 56% 2% Forward contracts – other 246 (140) Total $ 1,968 $ (3,040) ——————————————— (a) Unobservable inputs were weighted by volume. (b) Applies only to full requirements contracts.
Fair Value, by Balance Sheet Grouping	The carrying amounts of commercial paper and other short-term debt approximate their fair values. The carrying amounts and estimated fair values of other financial instruments recorded at other than fair value are as follows: March 31, 2022 December 31, 2021 Carrying Estimated Carrying Estimated (millions) NEE: Special use funds (a) $ 894 $ 894 $ 906 $ 907 Other investments (b) $ 180 $ 180 $ 102 $ 102 Long-term debt, including current portion $ 56,538 $ 57,304 (c) $ 52,745 $ 57,290 (c) FPL: Special use funds (a) $ 658 $ 659 $ 672 $ 672 Long-term debt, including current portion $ 20,993 $ 22,061 (c) $ 18,510 $ 21,379 (c) ——————————————— (a) Primarily represents investments accounted for under the equity method and loans not measured at fair value on a recurring basis (Level 2). (b) Included in noncurrent other assets on NEE's condensed consolidated balance sheets. (c) At March 31, 2022 and December 31, 2021, substantially all is Level 2 for NEE and FPL.
Unrealized Gains (Losses) Recognized On Equity Securities Still Held at The Reporting Date	Unrealized gains (losses) recognized on equity securities held at March 31, 2022 and 2021 are as follows: NEE FPL Three Months Ended March 31, Three Months Ended March 31, 2022 2021 2022 2021 (millions) Unrealized gains (losses) $ (299) $ 247 $ (190) $ 161
Gains and Losses on Available-for-sale Debt Securities	Realized gains and losses and proceeds from the sale or maturity of available for sale debt securities are as follows: NEE FPL Three Months Ended March 31, Three Months Ended March 31, 2022 2021 2022 2021 (millions) Realized gains $ 8 $ 18 $ 7 $ 12 Realized losses $ 27 $ 14 $ 19 $ 13 Proceeds from sale or maturity of securities $ 721 $ 548 $ 418 $ 390 The unrealized gains and unrealized losses on available for sale debt securities and the fair value of available for sale debt securities in an unrealized loss position are as follows: NEE FPL March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 (millions) Unrealized gains $ 16 $ 76 $ 13 $ 63 Unrealized losses (a) $ 115 $ 19 $ 78 $ 15 Fair value $ 2,039 $ 1,100 $ 1,394 $ 857 ——————————————— (a) Unrealized losses on available for sale debt securities in an unrealized loss position for greater than twelve months at March 31, 2022 and December 31, 2021 were not material to NEE or FPL.

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
Income Taxes (Tables)	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Reconciliation Between the Effective Income Tax Rates and the Applicable Statutory Rate	A reconciliation between the effective income tax rates and the applicable statutory rate is as follows: NEE FPL Three Months Ended March 31, Three Months Ended March 31, 2022 2021 2022 2021 Statutory federal income tax rate 21.0 % 21.0 % 21.0 % 21.0 % Increases (reductions) resulting from: State income taxes – net of federal income tax benefit 5.7 0.8 4.3 4.4 Taxes attributable to noncontrolling interests (4.7) 2.0 — — PTCs and ITCs – NEER 6.2 (5.0) — — Amortization of deferred regulatory credit 4.7 (1.9) (4.0) (3.4) Other – net 1.2 (2.6) (0.6) (0.8) Effective income tax rate 34.1 % 14.3 % 20.7 % 21.2 %

Employee Retirement Benefits (T

Employee Retirement Benefits (Tables)	3 Months Ended
Employee Retirement Benefits (Tables)	Mar. 31, 2022
Retirement Benefits [Abstract]
Net periodic benefit (income) cost	The components of net periodic cost (income) for the plans are as follows: Pension Benefits Postretirement Benefits Three Months Ended March 31, Three Months Ended March 31, 2022 2021 2022 2021 (millions) Service cost $ 22 $ 22 $ — $ 1 Interest cost 19 16 1 1 Expected return on plan assets (91) (85) — — Amortization of actuarial loss — 6 1 1 Amortization of prior service benefit — — (1) (4) Net periodic cost (income) at NEE $ (50) $ (41) $ 1 $ (1) Net periodic cost (income) allocated to FPL $ (34) $ (27) $ 1 $ (1)

Debt (Tables)

Debt (Tables)	3 Months Ended
Debt (Tables)	Mar. 31, 2022
Debt Disclosure [Abstract]
Long-term debt issuances and borrowings	Significant long-term debt issuances and borrowings during the three months ended March 31, 2022 were as follows: Principal Amount Interest Rate Maturity Date (millions) FPL: First mortgage bonds $ 1,500 2.45 % 2032 Senior unsecured notes $ 1,000 Variable (a) 2024 NEECH: Debentures $ 1,375 2.94 % – 4.30 % 2024 – 2062 Debentures $ 400 Variable (a) 2024 ——————————————— (a) Variable rate is based on an underlying index plus a specified margin

Equity (Tables)

Equity (Tables)	3 Months Ended
Equity (Tables)	Mar. 31, 2022
Equity [Abstract]
Reconciliation of basic and diluted earnings per share of common stock	Earnings (Loss) Per Share – The reconciliation of NEE's basic and diluted earnings (loss) per share attributable to NEE is as follows: Three Months Ended March 31, 2022 2021 (millions, except per share amounts) Numerator – net income (loss) attributable to NEE $ (451) $ 1,666 Denominator: Weighted-average number of common shares outstanding – basic 1,964.7 1,961.6 Equity units, stock options, performance share awards and restricted stock (a) 8.9 11.4 Weighted-average number of common shares outstanding – assuming dilution 1,973.6 1,973.0 Earnings (loss) per share attributable to NEE: Basic $ (0.23) $ 0.85 Assuming dilution $ (0.23) $ 0.84 ——————————————— (a) Calculated using the treasury stock method. Performance share awards are included in diluted weighted-average number of common shares outstanding based upon what would be issued if the end of the reporting period was the end of the term of the award.
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) – The components of AOCI, net of tax, are as follows: Accumulated Other Comprehensive Income (Loss) Net Unrealized Gains (Losses) on Cash Flow Hedges Net Unrealized Gains (Losses) on Available for Sale Securities Defined Benefit Pension and Other Benefits Plans Net Unrealized Gains (Losses) on Foreign Currency Translation Other Comprehensive Income (Loss) Related to Equity Method Investees Total (millions) Three months ended March 31, 2022 Balances, December 31, 2021 $ 14 $ 5 $ 25 $ (49) $ 5 $ — Other comprehensive income (loss) before reclassifications — (30) — 12 — (18) Amounts reclassified from AOCI 4 (a) — — — — 4 Net other comprehensive income (loss) 4 (30) — 12 — (14) Less other comprehensive income attributable to noncontrolling interests — — — 6 — 6 Balances, March 31, 2022 $ 18 $ (25) $ 25 $ (43) $ 5 $ (20) Attributable to noncontrolling interests $ — $ — $ — $ 12 $ — $ 12 ——————————————— (a) Reclassified to interest expense in NEE's condensed consolidated statements of income (loss). See Note 2 – Income Statement Impact of Derivative Instruments. Accumulated Other Comprehensive Income (Loss) Net Unrealized Gains (Losses) on Cash Flow Hedges Net Unrealized Gains (Losses) on Available for Sale Securities Defined Benefit Pension and Other Benefits Plans Net Unrealized Gains (Losses) on Foreign Currency Translation Other Comprehensive Income (Loss) Related to Equity Method Investees Total (millions) Three Months Ended March 31, 2021 Balances, December 31, 2020 $ 8 $ 20 $ (75) $ (49) $ 4 $ (92) Other comprehensive income (loss) before reclassifications — (8) — 6 — (2) Amounts reclassified from AOCI 2 (a) (3) (b) 1 (c) — — — Net other comprehensive income (loss) 2 (11) 1 6 — (2) Less other comprehensive income (loss) attributable to noncontrolling interests — — — (2) — (2) Balances, March 31, 2021 $ 10 $ 9 $ (74) $ (45) $ 4 $ (96) Attributable to noncontrolling interests $ — $ — $ — $ 2 $ — $ 2 ——————————————— (a) Reclassified to interest expense in NEE's condensed consolidated statements of income (loss). See Note 2 – Income Statement Impact of Derivative Instruments. (b) Reclassified to gains on disposal of investments and other property – net in NEE's condensed consolidated statements of income (loss). (c) Reclassified to other net periodic benefit income in NEE's condensed consolidated statements of income (loss).

Summary of Significant Accoun_3

Summary of Significant Accounting and Reporting Policies (Tables)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Property, Plant and Equipment	Property Plant and Equipment – Property, plant and equipment consists of the following: NEE FPL March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 (millions) Electric plant in service and other property $ 115,172 $ 112,500 $ 69,119 $ 67,771 Nuclear fuel 1,561 1,606 1,124 1,170 Construction work in progress 14,721 14,141 6,543 6,326 Property, plant and equipment, gross 131,454 128,247 76,786 75,267 Accumulated depreciation and amortization (29,519) (28,899) (17,238) (17,040) Property, plant and equipment – net $ 101,935 $ 99,348 $ 59,548 $ 58,227

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2022
Commitments and Contingencies [Abstract]
Schedule of Planned Capital Expenditures	At March 31, 2022, estimated capital expenditures, on an accrual basis, for the remainder of 2022 through 2026 were as follows: Remainder of 2022 2023 2024 2025 2026 Total (millions) FPL: Generation: (a) New (b) $ 1,665 $ 1,670 $ 1,700 $ 935 $ 1,065 $ 7,035 Existing 1,275 1,405 1,170 1,170 1,220 6,240 Transmission and distribution (c) 2,990 3,965 4,325 5,065 5,010 21,355 Nuclear fuel 135 110 145 145 120 655 General and other 590 620 525 650 640 3,025 Total $ 6,655 $ 7,770 $ 7,865 $ 7,965 $ 8,055 $ 38,310 NEER: (d) Wind (e) $ 2,630 $ 300 $ 30 $ 20 $ 20 $ 3,000 Solar (f) 3,130 1,570 235 — — 4,935 Battery storage 210 80 — — 5 295 Nuclear, including nuclear fuel 180 150 200 205 210 945 Rate-regulated transmission 135 120 40 25 10 330 Other 1,180 130 150 140 95 1,695 Total $ 7,465 $ 2,350 $ 655 $ 390 $ 340 $ 11,200 ——————————————— (a) Includes AFUDC of approximately $50 million, $75 million, $45 million, $25 million and $25 million for the remainder of 2022 through 2026, respectively. (b) Includes land, generation structures, transmission interconnection and integration and licensing. (c) Includes AFUDC of approximately $35 million, $45 million, $50 million, $30 million and $60 million for the remainder of 2022 through 2026, respectively. (d) Represents capital expenditures for which applicable internal approvals and also, if required, regulatory approvals have been received. (e) Consists of capital expenditures for new wind projects and repowering of existing wind projects totaling approximately 3,464 MW, and related transmission.
Required capacity and/or minimum payments under contracts	The required capacity and/or minimum payments under contracts, including those discussed above, at March 31, 2022 were estimated as follows: Remainder of 2022 2023 2024 2025 2026 Thereafter (millions) FPL (a) $ 780 $ 1,005 $ 980 $ 910 $ 840 $ 8,570 NEER (b)(c)(d) $ 4,795 $ 565 $ 175 $ 80 $ 65 $ 525 ——————————————— (a) Includes approximately $310 million, $410 million, $410 million, $405 million, $400 million and $5,960 million for the remainder of 2022 through 2026 and thereafter, respectively, of firm commitments related to the natural gas transportation agreements with Sabal Trail and Florida Southeast Connection. The charges associated with these agreements are recoverable through the fuel clause and totaled approximately $102 million and $103 million for the three months ended March 31, 2022 and 2021, respectively, of which $26 million and $26 million, respectively, were eliminated in consolidation at NEE. (b) Excludes commitments related to equity contributions and a 20-year natural gas transportation agreement (approximately $70 million per year) with a joint venture, in which NEER has a 31.9% equity investment, that is constructing a natural gas pipeline. These commitments are subject to the completion of construction of the pipeline which has a very low probability of completion. See Note 3 – Nonrecurring Fair Value Measurements. (c) Includes approximately $310 million of commitments to invest in technology and other investments through 2031. See Note 7 – Other. (d) Includes approximately $1,040 million, $225 million, $5 million, $5 million, $0 million and $5 million for the remainder of 2022 through 2026 and thereafter, respectively, of joint obligations of NEECH and NEER.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
Segment Information (Tables)	Mar. 31, 2022
Segment Reporting [Abstract]
Segment information	NEE's segment information is as follows: Three Months Ended March 31, 2022 2021 FPL NEER (a) Corporate NEE FPL NEER (a) Corporate NEE (millions) Operating revenues $ 3,712 $ (800) $ (22) $ 2,890 $ 2,970 $ 781 $ (25) $ 3,726 Operating expenses – net $ 2,469 $ 1,168 $ 51 $ 3,688 $ 1,856 $ 1,172 $ 43 $ 3,071 Gains (losses) on disposal of businesses/assets – net $ — $ 25 $ (2) $ 23 $ — $ 18 $ (4) $ 14 Net loss attributable to noncontrolling interests $ — $ 242 $ — $ 242 $ — $ 168 $ — $ 168 Net income (loss) attributable to NEE $ 875 $ (1,499) (b) $ 173 $ (451) $ 777 $ 491 (b) $ 398 $ 1,666 ——————————————— (a) Interest expense allocated from NEECH to NextEra Energy Resources' subsidiaries 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) See Note 4 for a discussion of NEER's tax benefits related to PTCs. March 31, 2022 December 31, 2021 FPL NEER Corporate NEE FPL NEER Corporate NEE (millions) Total assets $ 79,090 $ 64,033 $ 1,822 $ 144,945 $ 78,067 $ 62,113 $ 732 $ 140,912

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Millions	3 Months Ended
Revenue Recognition (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 5,000	$ 4,000
Florida Power & Light Company
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	3,700	3,000
Unbilled revenues	573		$ 583
Revenue, remaining performance obligation	385
NextEra Energy Resources
Disaggregation of Revenue [Line Items]
Unrecognized revenue		$ 180
Revenue, remaining performance obligation	$ 1,300
Revenue Benchmark [Member] \| Florida Power & Light Company \| Customer Concentration Risk \| Retail Customers
Disaggregation of Revenue [Line Items]
Concentration risk, percentage	90.00%

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($)	3 Months Ended
Derivative Instruments - Narrative (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Total loss to be reclassified during next 12 months	$ 3,000,000
Margin cash collateral received from counterparties that was not offset against derivative assets	47,000,000	$ 56,000,000
Margin cash collateral provided to counterparties that was not offset against derivative assets or liabilities	633,000,000	673,000,000
Florida Power & Light Company
Derivative [Line Items]
Margin cash collateral received from counterparties that was not offset against derivative assets	0	0
Margin cash collateral provided to counterparties that was not offset against derivative assets or liabilities	$ 0	$ 0

Derivative Instruments (Balance

Derivative Instruments (Balance Sheet Disclosure) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative assets	$ 2,951	$ 1,824
Derivative Asset, Current	1,392	689
Derivative Asset, Noncurrent	1,559	1,135
Derivative liability	5,285	2,976
Derivative Liability, Current	2,856	1,263
Derivative Liability, Noncurrent	2,429	1,713
Current Derivative Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Amount Offset Against Collateral	573	150
Non Current Derivative Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Amount Offset Against Collateral	74	56
Current derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	87	6
Non Current derivative liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	985	172
Commodity contracts \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	2,757	1,757
Derivative liability	4,875	2,198
Derivative asset, netting	(12,708)	(6,622)
Derivative liability, netting	(13,133)	(6,594)
Commodity contracts \| Level 1 \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	4,327	1,896
Derivative Liability, Gross Liability	5,926	2,571
Commodity contracts \| Level 2 \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	9,170	5,082
Derivative Liability, Gross Liability	9,042	4,990
Commodity contracts \| Level 3 \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	1,968	1,401
Derivative Liability, Gross Liability	3,040	1,231
Interest rate contracts \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	210	76
Derivative liability	354	709
Derivative asset, netting	(33)	(30)
Derivative liability, netting	(33)	(30)
Interest rate contracts \| Level 1 \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	0	0
Derivative Liability, Gross Liability	0	0
Interest rate contracts \| Level 2 \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	243	106
Derivative Liability, Gross Liability	387	739
Interest rate contracts \| Level 3 \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	0	0
Derivative Liability, Gross Liability	0	0
Foreign currency contracts \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	(16)	(9)
Derivative liability	56	69
Derivative asset, netting	(37)	(17)
Derivative liability, netting	(37)	(17)
Foreign currency contracts \| Level 1 \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	0	0
Derivative Liability, Gross Liability	0	0
Foreign currency contracts \| Level 2 \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	21	8
Derivative Liability, Gross Liability	93	86
Foreign currency contracts \| Level 3 \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	0	0
Derivative Liability, Gross Liability	0	0
Florida Power & Light Company
Derivatives, Fair Value [Line Items]
Derivative liability		10
Florida Power & Light Company \| Current other assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Current	6	13
Florida Power & Light Company \| Current other liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Current	14	9
Florida Power & Light Company \| Noncurrent other liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Noncurrent		1
Florida Power & Light Company \| Commodity contracts \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	6	13
Derivative liability	14	10
Derivative asset, netting	(9)	(3)
Derivative liability, netting	(9)	(3)
Florida Power & Light Company \| Commodity contracts \| Level 1 \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	0	0
Derivative Liability, Gross Liability	0	0
Florida Power & Light Company \| Commodity contracts \| Level 2 \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	8	3
Derivative Liability, Gross Liability	6	8
Florida Power & Light Company \| Commodity contracts \| Level 3 \| Fair value measurements made on a recurring basis [Member]
Derivatives, Fair Value [Line Items]
Derivative Asset, Gross Asset	7	13
Derivative Liability, Gross Liability	$ 17	$ 5

Derivative Instruments (Signifi

Derivative Instruments (Significant Unobservable Inputs) (Details) - Level 3	3 Months Ended
	Mar. 31, 2022USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	$ 1,968,000,000
Financial and Nonfinancial Liabilities, Fair Value Disclosure	(3,040,000,000)
Forward Contracts - Power [Member] \| Forward Contracts - Power [Member] \| Forward Price [Member] \| Maximum \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	223
Forward Contracts - Power [Member] \| Forward Contracts - Power [Member] \| Forward Price [Member] \| Minimum \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	(4)
Forward Contracts - Power [Member] \| Forward Contracts - Power [Member] \| Forward Price [Member] \| Weighted Average [Member] \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	43
Forward Contracts - Power [Member] \| Derivative Financial Instruments, Assets [Member] \| Forward Contracts - Power [Member] \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	294,000,000
Forward contracts - Gas [Member] \| Forward contracts - Gas [Member] \| Forward Price [Member] \| Maximum \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	23
Forward contracts - Gas [Member] \| Forward contracts - Gas [Member] \| Forward Price [Member] \| Minimum \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	2
Forward contracts - Gas [Member] \| Forward contracts - Gas [Member] \| Forward Price [Member] \| Weighted Average [Member] \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	4
Forward contracts - Gas [Member] \| Derivative Financial Instruments, Assets [Member] \| Forward contracts - Gas [Member] \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	206,000,000
Forward contracts - Congestion [Member] \| Forward contracts - Congestion [Member] \| Forward Price [Member] \| Maximum \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	21
Forward contracts - Congestion [Member] \| Forward contracts - Congestion [Member] \| Forward Price [Member] \| Minimum \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	(12)
Forward contracts - Congestion [Member] \| Forward contracts - Congestion [Member] \| Forward Price [Member] \| Weighted Average [Member] \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	0
Forward contracts - Congestion [Member] \| Derivative Financial Instruments, Assets [Member] \| Forward contracts - Congestion [Member] \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	$ 23,000,000
Option Contracts, Power [Member] \| Option Contracts, Power [Member] \| Implied Correlations [Member] \| Maximum \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	87.00%
Option Contracts, Power [Member] \| Option Contracts, Power [Member] \| Implied Correlations [Member] \| Minimum \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	37.00%
Option Contracts, Power [Member] \| Option Contracts, Power [Member] \| Implied Correlations [Member] \| Weighted Average [Member] \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	53.00%
Option Contracts, Power [Member] \| Option Contracts, Power [Member] \| Implied Volatilities [Member] \| Maximum \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	242.00%
Option Contracts, Power [Member] \| Option Contracts, Power [Member] \| Implied Volatilities [Member] \| Minimum \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	18.00%
Option Contracts, Power [Member] \| Option Contracts, Power [Member] \| Implied Volatilities [Member] \| Weighted Average [Member] \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	61.00%
Option Contracts, Power [Member] \| Derivative Financial Instruments, Assets [Member] \| Option Contracts, Power [Member] \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	$ 88,000,000
Option Contracts, Primarily Gas [Member] \| Option Contracts, Gas [Member] \| Implied Correlations [Member] \| Maximum \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	87.00%
Option Contracts, Primarily Gas [Member] \| Option Contracts, Gas [Member] \| Implied Correlations [Member] \| Minimum \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	37.00%
Option Contracts, Primarily Gas [Member] \| Option Contracts, Gas [Member] \| Implied Correlations [Member] \| Weighted Average [Member] \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	53.00%
Option Contracts, Primarily Gas [Member] \| Option Contracts, Gas [Member] \| Implied Volatilities [Member] \| Maximum \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	242.00%
Option Contracts, Primarily Gas [Member] \| Option Contracts, Gas [Member] \| Implied Volatilities [Member] \| Minimum \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	18.00%
Option Contracts, Primarily Gas [Member] \| Option Contracts, Gas [Member] \| Implied Volatilities [Member] \| Weighted Average [Member] \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	43.00%
Option Contracts, Primarily Gas [Member] \| Derivative Financial Instruments, Assets [Member] \| Option Contracts, Gas [Member] \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	$ 1,076,000,000
Full Requirements and Unit Contingent Contracts [Member] \| Full Requirements and Unit Contingent Contracts [Member] \| Forward Price [Member] \| Maximum \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	386
Full Requirements and Unit Contingent Contracts [Member] \| Full Requirements and Unit Contingent Contracts [Member] \| Forward Price [Member] \| Minimum \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	3
Full Requirements and Unit Contingent Contracts [Member] \| Full Requirements and Unit Contingent Contracts [Member] \| Forward Price [Member] \| Weighted Average [Member] \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Forward price (in dollars per energy unit)	$ 78
Full Requirements and Unit Contingent Contracts [Member] \| Full Requirements and Unit Contingent Contracts [Member] \| Customer Migration Rate [Member] \| Maximum \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	56.00%
Full Requirements and Unit Contingent Contracts [Member] \| Full Requirements and Unit Contingent Contracts [Member] \| Customer Migration Rate [Member] \| Minimum \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	0.00%
Full Requirements and Unit Contingent Contracts [Member] \| Full Requirements and Unit Contingent Contracts [Member] \| Customer Migration Rate [Member] \| Weighted Average [Member] \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Inputs, Expected Rates	2.00%
Full Requirements and Unit Contingent Contracts [Member] \| Derivative Financial Instruments, Assets [Member] \| Full Requirements and Unit Contingent Contracts [Member] \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	$ 35,000,000
Forward contracts - Other [Member] [Member] \| Derivative Financial Instruments, Assets [Member] \| Forward contracts - Other [Member] [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets, Fair Value Disclosure	246,000,000
Derivative Financial Instruments, Liabilities [Member] \| Forward Contracts - Power [Member] \| Forward Contracts - Power [Member] \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	(450,000,000)
Derivative Financial Instruments, Liabilities [Member] \| Forward contracts - Gas [Member] \| Forward contracts - Gas [Member] \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	(180,000,000)
Derivative Financial Instruments, Liabilities [Member] \| Forward contracts - Congestion [Member] \| Forward contracts - Congestion [Member] \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	(8,000,000)
Derivative Financial Instruments, Liabilities [Member] \| Option Contracts, Power [Member] \| Option Contracts, Power [Member] \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	(11,000,000)
Derivative Financial Instruments, Liabilities [Member] \| Option Contracts, Primarily Gas [Member] \| Option Contracts, Gas [Member] \| Option Models [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	(966,000,000)
Derivative Financial Instruments, Liabilities [Member] \| Full Requirements and Unit Contingent Contracts [Member] \| Full Requirements and Unit Contingent Contracts [Member] \| Discounted Cash Flow Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	(1,285,000,000)
Derivative Financial Instruments, Liabilities [Member] \| Forward contracts - Other [Member] [Member] \| Forward contracts - Other [Member] [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ (140,000,000)

Derivative Instruments (Reconci

Derivative Instruments (Reconciliation of Changes in the Fair Value) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Realized and unrealized gains (losses): [Abstract]
Fair value based on significant unobservable inputs, ending balance	$ (1,072)	$ 1,157
Derivative Financial Instruments, Net [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value based on significant unobservable inputs, beginning balance	170	1,374
Realized and unrealized gains (losses): [Abstract]
Included in earnings	(1,535)	(130)
Included in regulatory assets and liabilities	(19)	(2)
Purchases	183	38
Settlements	250	(89)
Issuances	(98)	(21)
Transfers out	(23)	(13)
Gains (losses) included in earnings attributable to the change in unrealized gains (losses) relating to derivatives held at the reporting date	(1,405)	(125)
Florida Power & Light Company
Realized and unrealized gains (losses): [Abstract]
Fair value based on significant unobservable inputs, ending balance	(10)	(2)
Florida Power & Light Company \| Derivative Financial Instruments, Net [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value based on significant unobservable inputs, beginning balance	8	(1)
Realized and unrealized gains (losses): [Abstract]
Included in earnings	0	0
Included in regulatory assets and liabilities	(19)	(2)
Purchases	0	0
Settlements	1	1
Issuances	0	0
Transfers out	0	0
Gains (losses) included in earnings attributable to the change in unrealized gains (losses) relating to derivatives held at the reporting date	0	$ 0
Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ (3,040)

Derivative Instruments (Income

Derivative Instruments (Income Statement Disclosure) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Florida Power & Light Company
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Gains (losses) on commodity contracts, recorded as regulatory assets and or liabilities on the balance sheet due to regulatory treatment	$ (12)	$ (7)
Not Designated as Hedging Instrument
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	(1,923)	217
Not Designated as Hedging Instrument \| Commodity contracts \| Gains (losses) included in operating revenues [Member]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	(2,389)	(488)
Not Designated as Hedging Instrument \| Foreign Exchange Contract \| Gains (Losses) Included In Interest Expense Member
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	1	(40)
Not Designated as Hedging Instrument \| Interest rate contracts \| Gains (Losses) Included In Interest Expense Member
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	471	747
Reclassification out of Accumulated Other Comprehensive Income \| Not Designated as Hedging Instrument \| Foreign Exchange Contract \| Gains (Losses) Included In Interest Expense Member
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Interest Expense	(1)	(1)
Reclassification out of Accumulated Other Comprehensive Income \| Not Designated as Hedging Instrument \| Interest rate contracts \| Gains (Losses) Included In Interest Expense Member
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net [Abstract]
Interest Expense	$ (5)	$ (1)

Derivative Instruments (Net Not

Derivative Instruments (Net Notional Volumes and Additional Disclosures) (Details) bbl in Millions, MWh in Millions, MMBTU in Millions, $ in Billions	3 Months Ended	12 Months Ended
	Mar. 31, 2022USD ($)MWhMMBTUbbl	Dec. 31, 2021USD ($)MWhMMBTUbbl
Interest Rate Swap [Member]
Derivative [Line Items]
Notional amount \| $	$ 11.2	$ 11.2
Foreign currency contracts
Derivative [Line Items]
Notional amount \| $	$ 1	$ 1
Short [Member] \| Commodity contract - Power [Member]
Derivative [Line Items]
Non-monetary net notional amount (in MWh) \| MWh	(97)	(103)
Short [Member] \| Commodity contract - Natural gas [Member]
Derivative [Line Items]
Non-monetary net notional amount (in MMBtu) \| MMBTU	1,180	1,290
Short [Member] \| Commodity contract - Oil [Member]
Derivative [Line Items]
Non-monetary net notional amount (in barrels) \| bbl	(34)	(33)
Florida Power & Light Company \| Short [Member] \| Commodity contract - Oil [Member]
Derivative [Line Items]
Non-monetary net notional amount (in barrels) \| bbl	0	0
Florida Power & Light Company \| Long [Member] \| Commodity contract - Power [Member]
Derivative [Line Items]
Non-monetary net notional amount (in MWh) \| MWh	0	0
Florida Power & Light Company \| Long [Member] \| Commodity contract - Natural gas [Member]
Derivative [Line Items]
Non-monetary net notional amount (in MMBtu) \| MMBTU	298	91

Derivative Instruments (Credit-

Derivative Instruments (Credit-Risk-Related Contingent Features) (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Fair value of derivative instruments with credit-risk-related contingent features that were in a liability position	$ 7,500,000,000	$ 4,100,000,000
Total required posted collateral should FPL's and Capital Holdings' credit ratings fall to BBB/Baa2	1,240,000,000	645,000,000
Total required posted collateral should FPL's and Capital Holdings' credit ratings fall below investment grade	3,900,000,000	2,700,000,000
Additional collateral requirements if non-ratings based contract provisions are triggered	1,100,000,000	1,000,000,000
Collateral already posted, aggregate fair value	99,000,000	84,000,000
Letters of credit posted through the normal course of business that could be applied toward the collateral requirements related to derivative instruments with credit-risk-related contingent features	1,200,000,000	1,100,000,000
Florida Power & Light Company
Derivative [Line Items]
Fair value of derivative instruments with credit-risk-related contingent features that were in a liability position	17,000,000	12,000,000
Total required posted collateral should FPL's and Capital Holdings' credit ratings fall to BBB/Baa2	0	0
Total required posted collateral should FPL's and Capital Holdings' credit ratings fall below investment grade	20,000,000	35,000,000
Additional collateral requirements if non-ratings based contract provisions are triggered	135,000,000	145,000,000
Collateral already posted, aggregate fair value	0	0
Letters of credit posted through the normal course of business that could be applied toward the collateral requirements related to derivative instruments with credit-risk-related contingent features	$ 0	$ 0

Non-Derivative Fair Value Mea_3

Non-Derivative Fair Value Measurements (Assets and Liabilities Measured on a Recurring Basis) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring [Line Items]
Restricted cash	$ 1,261	$ 677
Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	548	176
Special use funds:
Equity securities	5,284	5,511
U.S. Government and municipal bonds	784	845
Corporate debt securities	858	962
Asset-backed securities	635	663
Other debt securities	37	35
Other investments:
Equity Securities	69	72
Debt securities	328	285
Level 1 \| Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	548	176
Special use funds:
Equity securities	2,414	2,538
U.S. Government and municipal bonds	728	770
Corporate debt securities	1	7
Asset-backed securities	0	0
Other debt securities	2	2
Other investments:
Equity Securities	67	70
Debt securities	105	111
Level 2 \| Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	0	0
Special use funds:
Equity securities	2,870	2,973
U.S. Government and municipal bonds	56	75
Corporate debt securities	857	955
Asset-backed securities	635	663
Other debt securities	35	33
Other investments:
Equity Securities	2	2
Debt securities	186	162
Level 3 \| Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	0	0
Special use funds:
Equity securities	0	0
U.S. Government and municipal bonds	0	0
Corporate debt securities	0	0
Asset-backed securities	0	0
Other debt securities	0	0
Other investments:
Equity Securities	0	0
Debt securities	37	12
Current other assets \| Level 1 \| Fair value measurements made on a recurring basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring [Line Items]
Restricted cash	52	56
Florida Power & Light Company
Fair Value, Assets and Liabilities Measured on Recurring [Line Items]
Restricted cash	45	53
Florida Power & Light Company \| Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	46	58
Special use funds:
Equity securities	3,435	3,552
U.S. Government and municipal bonds	626	668
Corporate debt securities	634	726
Asset-backed securities	499	515
Other debt securities	26	25
Other investments:
Equity Securities	14	13
Florida Power & Light Company \| Level 1 \| Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	46	58
Special use funds:
Equity securities	833	862
U.S. Government and municipal bonds	597	624
Corporate debt securities	0	6
Asset-backed securities	0	0
Other debt securities	2	2
Other investments:
Equity Securities	14	13
Florida Power & Light Company \| Level 2 \| Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	0	0
Special use funds:
Equity securities	2,602	2,690
U.S. Government and municipal bonds	29	44
Corporate debt securities	634	720
Asset-backed securities	499	515
Other debt securities	24	23
Other investments:
Equity Securities	0	0
Florida Power & Light Company \| Level 3 \| Fair value measurements made on a recurring basis [Member]
Cash equivalents:
Equity securities	0	0
Special use funds:
Equity securities	0	0
U.S. Government and municipal bonds	0	0
Corporate debt securities	0	0
Asset-backed securities	0	0
Other debt securities	0	0
Other investments:
Equity Securities	0	0
Florida Power & Light Company \| Current other assets \| Level 1 \| Fair value measurements made on a recurring basis [Member]
Fair Value, Assets and Liabilities Measured on Recurring [Line Items]
Restricted cash	44	$ 53
NextEra Energy Resources
Other investments:
Contingent consideration liabilities	$ 245

Non-Derivative Fair Value Mea_4

Non-Derivative Fair Value Measurements (Fair Value of Instruments Recorded at Other Than Fair Value and Special Use Funds) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Special use funds: nuclear decommissioning fund assets	$ 8,417	$ 8,846
Special Use Funds Storm Fund Assets	75	76
Available for sale debt securities amortized cost	$ 2,695	2,438
Special Use Funds Nuclear Decommissioning Funds Weighted Average Maturity	8 years
Fair Value Assumptions, Expected Term	2 years
Other investments Weighted Average Maturity	4 years
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Special Use Funds Fair Value Disclosure	$ 894	906
Other Investments Financial Instruments Primarily Notes Receivable Fair Value Disclosure	180	102
Long Term Debt Including Current Maturities Fair Value And Carrying Value	56,538	52,745
Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Special Use Funds Fair Value Disclosure	894	907
Other Investments Financial Instruments Primarily Notes Receivable Fair Value Disclosure	180	102
Long Term Debt Including Current Maturities Fair Value And Carrying Value	57,304	57,290
Florida Power & Light Company
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Special use funds: nuclear decommissioning fund assets	5,803	6,082
Special Use Funds Storm Fund Assets	75	76
Available for sale debt securities amortized cost	$ 1,840	1,877
Special Use Funds Nuclear Decommissioning Funds Weighted Average Maturity	8 years
Fair Value Assumptions, Expected Term	2 years
Florida Power & Light Company \| Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Special Use Funds Fair Value Disclosure	$ 658	672
Long Term Debt Including Current Maturities Fair Value And Carrying Value	20,993	18,510
Florida Power & Light Company \| Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Special Use Funds Fair Value Disclosure	659	672
Long Term Debt Including Current Maturities Fair Value And Carrying Value	$ 22,061	$ 21,379

Non-Derivative Fair Value Mea_5

Non-Derivative Fair Value Measurements (Unrealized Gains (Losses) Recognized On Equity Securities Still Held at The Reporting Date) (Details) - Equity Securities [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized gains (losses)	$ (299)	$ 247
Florida Power & Light Company
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized gains (losses)	$ (190)	$ 161

Non-Derivative Fair Value Mea_6

Non-Derivative Fair Value Measurements (Gains and Losses on Available-for-sale Debt Securities) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Debt Securities [Member]
Marketable Securities, Available-for-sale [Line Items]
Realized Gains	$ 8	$ 18
Realized Losses	27	14
Proceeds from sale or maturity of securities	721	548
Available for sale securities: Special Use Funds - Debt Securities [Member]
Marketable Securities, Available-for-sale [Line Items]
Unrealized gains	16		$ 76
Unrealized losses	115		19
Fair value	2,039		1,100
Florida Power & Light Company \| Debt Securities [Member]
Marketable Securities, Available-for-sale [Line Items]
Realized Gains	7	12
Realized Losses	19	13
Proceeds from sale or maturity of securities	418	$ 390
Florida Power & Light Company \| Available for sale securities: Special Use Funds - Debt Securities [Member]
Marketable Securities, Available-for-sale [Line Items]
Unrealized gains	13		63
Unrealized losses	78		15
Fair value	$ 1,394		$ 857

Non-Derivative Fair Value Mea_7

Non-Derivative Fair Value Measurements - Nonrecurring Fair Value Measurements (Details) - Mountain Valley Pipeline - NextEra Energy Resources $ in Billions	3 Months Ended
	Mar. 31, 2022USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment charge	$ 0.8
Impairment charge, net of tax	0.6
Equity method investments, write off	0.6
Equity method investments, liability	$ 0.2

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details)	3 Months Ended
Income Taxes - Narrative (Details)	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate	34.10%	14.30%
Production tax credit (PTC), roll off period	10 years

Income Taxes - Reconciliation B

Income Taxes - Reconciliation Between the Effective Income Tax Rates and the Applicable Statutory Rate (Details)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Effective Income Tax Rate Reconciliation [Line Items]
Statutory federal income tax rate	21.00%	21.00%
Increases (reductions) resulting from:
State income taxes – net of federal income tax benefit	5.70%	0.80%
Taxes attributable to noncontrolling interests	(4.70%)	2.00%
PTCs and ITCs – NEER	6.20%	(5.00%)
Amortization of deferred regulatory credit	4.70%	(1.90%)
Other – net	1.20%	(2.60%)
Effective income tax rate	34.10%	14.30%
Florida Power & Light Company
Effective Income Tax Rate Reconciliation [Line Items]
Statutory federal income tax rate	21.00%	21.00%
Increases (reductions) resulting from:
State income taxes – net of federal income tax benefit	4.30%	4.40%
Taxes attributable to noncontrolling interests	0.00%	0.00%
PTCs and ITCs – NEER	0.00%	0.00%
Amortization of deferred regulatory credit	(4.00%)	(3.40%)
Other – net	(0.60%)	(0.80%)
Effective income tax rate	20.70%	21.20%

Acquisitions (Details)

Acquisitions (Details) $ in Millions	1 Months Ended
Acquisitions (Details) $ in Millions	Mar. 31, 2021USD ($)utlitystatemi	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)	Jan. 01, 2021USD ($)
Business Acquisition [Line Items]
Goodwill		$ 4,844	$ 4,844
Florida Power & Light Company
Business Acquisition [Line Items]
Goodwill		2,989	$ 2,989
Gulf Power
Business Acquisition [Line Items]
Assets assumed				$ 6,700
Property, plant and equipment				4,900
Regulatory assets				1,200
Assumed liabilities				3,900
Business combination, recognized identifiable assets acquired and liabilities assumed, noncurrent liabilities, long-term debt				1,800
Deferred income taxes				729
Regulatory liabilities				566
Gulf Power \| Florida Power & Light Company
Business Acquisition [Line Items]
Goodwill				$ 2,700
GridLiance [Member] \| NextEra Energy Transmission, LLC Subsidiary [Member]
Business Acquisition [Line Items]
Assets assumed	$ 384
Assumed liabilities	$ 210
Goodwill		592
Number of FERC-r transmission utilities \| utlity	3
Number of miles of power lines \| mi	700
Number of states in which entity operates \| state	6
Consideration transferred	$ 502
Debt assumed	175
Contingent consideration liabilities	$ 264
Goodwill, Expected Tax Deductible Amount		$ 586
GridLiance [Member] \| NextEra Energy Transmission, LLC Subsidiary [Member] \| Midwest And Nevada
Business Acquisition [Line Items]
Number of states in which entity operates \| state	5

NEP (Details)

NEP (Details) - USD ($) $ in Millions	3 Months Ended
NEP (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Schedule of Investments [Line Items]
Guarantor obligations, current carrying value	$ 484
Debt instrument, fair value disclosure	43
NextEra Energy Partners [Member]
Schedule of Investments [Line Items]
Guarantor obligations, current carrying value	3,382
Cash Sweep And Credit Support Agreement [Member] \| NEER [Member]
Schedule of Investments [Line Items]
Fee income	41	$ 33
Due from related parties, current	78		$ 113
Due from related parties, noncurrent	39		40
Cash Sweep And Credit Support Agreement [Member] \| NEER [Member] \| NextEra Energy Partners [Member]
Schedule of Investments [Line Items]
Due to related parties	$ 135		$ 57

Variable Interest Entities (V_2

Variable Interest Entities (VIEs) (Details) $ in Millions	3 Months Ended
Variable Interest Entities (VIEs) (Details) $ in Millions	Jun. 30, 2022MW	Mar. 31, 2022USD ($)variable_interest_entitymiMW	Dec. 31, 2021USD ($)variable_interest_entity
Variable Interest Entity [Line Items]
Carrying amount of assets, consolidated variable interest entity		$ 144,945	$ 140,912
Carrying amount of liabilities, consolidated variable interest entity		100,693	95,243
Investment in equity method investees		5,752	6,159
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Carrying amount of assets, consolidated variable interest entity		649	614
Carrying amount of liabilities, consolidated variable interest entity		$ 61	64
Electricity Transmission Line (in miles) \| mi		280
Percentage of profits and losses		50.00%
Other variable interest entities [Member]
Variable Interest Entity [Line Items]
Investments in special purpose entities		$ 4,368	4,559
Indirect Subsidiary of NextEra Energy Resources [Member] \| Photovoltaic Solar Facility [Member]
Variable Interest Entity [Line Items]
Total number of consolidated variable interest entities \| variable_interest_entity		8
Carrying amount of assets, consolidated variable interest entity		$ 1,848	1,851
Carrying amount of liabilities, consolidated variable interest entity		$ 1,202	1,258
Solar generating facility capability (in megawatts) \| MW		772
Indirect Subsidiary of NextEra Energy Resources [Member] \| Photovoltaic Solar Facility [Member] \| Minimum
Variable Interest Entity [Line Items]
Ownership percentage		50.00%
Indirect Subsidiary of NextEra Energy Resources [Member] \| Photovoltaic Solar Facility [Member] \| Maximum
Variable Interest Entity [Line Items]
Ownership percentage		67.00%
NextEra Energy Resources \| Variable Interest Entities Wind and Solar PV Facilities [Member[
Variable Interest Entity [Line Items]
Carrying amount of assets, consolidated variable interest entity		$ 1,513	1,518
Carrying amount of liabilities, consolidated variable interest entity		$ 77	$ 79
Ownership percentage		10.00%
Wind electric generating facility capability (in megawatts) \| MW		400
Solar generating facility capability (in megawatts) \| MW		599
NextEra Energy Resources \| Variable Interest Entities Wind and Solar Primary Beneficiary [Member] [Member]
Variable Interest Entity [Line Items]
Total number of consolidated variable interest entities \| variable_interest_entity			33
Carrying amount of assets, consolidated variable interest entity		$ 17,054	$ 17,419
Carrying amount of liabilities, consolidated variable interest entity		$ 1,257	1,480
Wind electric generating facility capability (in megawatts) \| MW		10,626
Solar generating facility capability (in megawatts) \| MW		1,069
Number of variable interest entities with guarantees to obligations \| variable_interest_entity		1
NextEra Energy Resources \| Variable Interest Entities Wind and Solar Primary Beneficiary [Member] [Member] \| Forecast [Member]
Variable Interest Entity [Line Items]
Wind electric generating facility capability (in megawatts) \| MW	200
Solar generating facility capability (in megawatts) \| MW	50
Florida Power & Light Company
Variable Interest Entity [Line Items]
Carrying amount of assets, consolidated variable interest entity		$ 79,090	78,067
Carrying amount of liabilities, consolidated variable interest entity		46,621	44,473
Florida Power & Light Company \| Other variable interest entities [Member]
Variable Interest Entity [Line Items]
Investments in special purpose entities		3,641	3,799
Other Investments [Member] \| Subsidiaries of NEE [Member]
Variable Interest Entity [Line Items]
Investment in equity method investees		4,438	4,214
Commitments To Increase (Decrease) In Equity Method Investments		$ 80	$ 110

Employee Retirement Benefits (D

Employee Retirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Pension Benefits [Member]
Net periodic benefit (income) cost [Abstract]
Service cost	$ 22	$ 22
Interest cost	19	16
Expected return on plan assets	(91)	(85)
Amortization of prior service benefit	0	0
Amortization of actuarial loss	0	6
Net periodic cost (income) cost	(50)	(41)
Postretirement Benefits [Member]
Net periodic benefit (income) cost [Abstract]
Service cost	0	1
Interest cost	1	1
Expected return on plan assets	0	0
Amortization of prior service benefit	(1)	(4)
Amortization of actuarial loss	1	1
Net periodic cost (income) cost	1	(1)
Florida Power & Light Company \| Pension Benefits [Member]
Net periodic benefit (income) cost [Abstract]
Net periodic cost (income) cost	(34)	(27)
Florida Power & Light Company \| Postretirement Benefits [Member]
Net periodic benefit (income) cost [Abstract]
Net periodic cost (income) cost	$ 1	$ (1)

Debt - Long-term Debt Issuances

Debt - Long-term Debt Issuances and Borrowings (Details)	3 Months Ended
Debt - Long-term Debt Issuances and Borrowings (Details)	Mar. 31, 2022USD ($)
Florida Power & Light Company \| First mortgage bonds
Debt Instrument [Line Items]
Principal Amount	$ 1,500,000,000
Interest Rate (as a percent)	2.45%
Florida Power & Light Company \| Senior unsecured notes
Debt Instrument [Line Items]
Principal Amount	$ 1,000,000,000
Interest Rate Terms	Variable
NextEra Energy Capital Holdings, Inc. \| Debentures
Debt Instrument [Line Items]
Principal Amount	$ 1,375,000,000
NextEra Energy Capital Holdings, Inc. \| Debentures \| Minimum
Debt Instrument [Line Items]
Interest Rate (as a percent)	2.94%
NextEra Energy Capital Holdings, Inc. \| Debentures \| Maximum
Debt Instrument [Line Items]
Interest Rate (as a percent)	4.30%
NextEra Energy Capital Holdings, Inc. \| Debentures variable
Debt Instrument [Line Items]
Principal Amount	$ 400,000,000
Interest Rate Terms	Variable

Equity (Earnings Per Share) (De

Equity (Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reconciliation of basic and diluted earnings per share of common stock [Abstract]
Net income attributable to NEE - basic	$ (451)	$ 1,666
Denominator:
Weighted-average number of common shares outstanding – basic	1,964.7	1,961.6
Equity units, stock options, performance share awards and restricted stock	8.9	11.4
Weighted-average number of common shares outstanding – assuming dilution	1,973.6	1,973
Earnings (loss) per share attributable to NEE:
Basic (in dollars per share)	$ (0.23)	$ 0.85
Assuming dilution (in dollars per share)	$ (0.23)	$ 0.84

Equity (Narrative) (Details)

Equity (Narrative) (Details) - shares shares in Millions	3 Months Ended
Equity (Narrative) (Details) - shares shares in Millions	Mar. 31, 2022	Mar. 31, 2021
Equity [Abstract]
Antidilutive securities (in shares)	58.5	58.4

Equity (Accumulated Other Compr

Equity (Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 45,424	$ 44,929
Total other comprehensive loss, net of tax	(14)	(2)
Ending balance	44,049	45,730
Net Unrealized Gains (Losses) on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	14	8
Other comprehensive income before reclassifications	0	0
Amounts reclassified from AOCI	4	2
Total other comprehensive loss, net of tax	4	2
Less other comprehensive income attributable to noncontrolling interests	0	0
Ending balance	18	10
Net Unrealized Gains (Losses) on Available for Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	5	20
Other comprehensive income before reclassifications	(30)	(8)
Amounts reclassified from AOCI	0	(3)
Total other comprehensive loss, net of tax	(30)	(11)
Less other comprehensive income attributable to noncontrolling interests	0	0
Ending balance	(25)	9
Defined Benefit Pension and Other Benefits Plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	25	(75)
Other comprehensive income before reclassifications	0	0
Amounts reclassified from AOCI	0	1
Total other comprehensive loss, net of tax	0	1
Less other comprehensive income attributable to noncontrolling interests	0	0
Ending balance	25	(74)
Net Unrealized Gains (Losses) on Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(49)	(49)
Other comprehensive income before reclassifications	12	6
Amounts reclassified from AOCI	0	0
Total other comprehensive loss, net of tax	12	6
Less other comprehensive income attributable to noncontrolling interests	6	(2)
Ending balance	(43)	(45)
Other Comprehensive Income (Loss) Related to Equity Method Investees
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	5	4
Other comprehensive income before reclassifications	0	0
Amounts reclassified from AOCI	0	0
Total other comprehensive loss, net of tax	0	0
Less other comprehensive income attributable to noncontrolling interests	0	0
Ending balance	5	4
Total
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	0	(92)
Other comprehensive income before reclassifications	(18)	(2)
Amounts reclassified from AOCI	4	0
Total other comprehensive loss, net of tax	(14)	(2)
Less other comprehensive income attributable to noncontrolling interests	6	(2)
Ending balance	(20)	(96)
Net Unrealized Gains (Losses) on Cash Flow Hedges. Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Ending balance	0	0
Net Unrealized Gains (Losses) on Available for Sale Securities, Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Ending balance	0	0
Defined Benefit Pension and Other Benefits Plans, Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Ending balance	0	0
Net Unrealized Gains (Losses) on Foreign Currency Translation, Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Ending balance	12	2
Other Comprehensive Income (Loss) Related to Equity Method Investees, Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Ending balance	0	0
Total, Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss) [Line Items]
Ending balance	$ 12	$ 2

Summary of Significant Accoun_4

Summary of Significant Accounting and Reporting Policies - Additional Information (Details) $ in Millions	1 Months Ended	3 Months Ended
	Dec. 31, 2021USD ($)facilityMW	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)
Accounting Policies [Line Items]
Restricted Cash and Cash Equivalents	$ 677	$ 1,261
Restricted cash related to margin cash collateral that is netted against derivative instruments	121	402
restricted cash related to margin cash collateral that is netted against derivative liabilities	172	985
Customer deposits	485	485
Accrued construction-related expenditures	1,378	1,572
Bad debt expense, including credit losses		(37)	$ (152)
Noncurrent accounts receivable allowances	127	159
Florida Power & Light Company
Accounting Policies [Line Items]
Restricted Cash and Cash Equivalents	53	45
Customer deposits	478	478
Accrued construction-related expenditures	$ 601	451
Seven wind facilities, six solar facilities and storage capacity \| Disposed of by Sale [Member] \| Subsidiaries of NextEra Energy Resources \| United States, Geographically Dispersed
Accounting Policies [Line Items]
Number of wind generation facilities \| facility	7
Number of solar generation facilities \| facility	6
Number of facilities under construction \| facility	3
Generating capacity (MW) \| MW	2,520
Solar Plus Storage Facility Capacity \| MW	115
Seven wind facilities, six solar facilities and storage capacity \| Disposed of by Sale [Member] \| Subsidiaries of NextEra Energy Resources \| NEP \| United States, Geographically Dispersed
Accounting Policies [Line Items]
Ownership percentage sold	50.00%
Seven wind facilities, six solar facilities and storage capacity \| Disposed of by Sale [Member] \| Subsidiaries of NextEra Energy Resources \| Third Party \| United States, Geographically Dispersed
Accounting Policies [Line Items]
Ownership percentage sold	50.00%
Seven wind facilities, six solar facilities and storage capacity \| Disposed of by Sale [Member] \| Subsidiaries of NextEra Energy Resources \| Subsidiaries of NextEra Energy Resources \| United States, Geographically Dispersed
Accounting Policies [Line Items]
Ownership percentage sold	100.00%
Seven wind facilities, six solar facilities and storage capacity \| Disposed of by Sale [Member] \| NextEra Energy Resources \| Differential Memberships \| United States, Geographically Dispersed
Accounting Policies [Line Items]
Disposal of Business and Interest Affiliates, Contingent Payments	$ 117
Seven wind facilities, six solar facilities and storage capacity \| Disposed of by Sale [Member] \| Current other liabilities \| Subsidiaries of NextEra Energy Resources \| United States, Geographically Dispersed
Accounting Policies [Line Items]
Customer deposits	668
Contract with Customer, Liability, Revenue Recognized		551
Seven wind facilities, six solar facilities and storage capacity \| Disposed of by Sale [Member] \| Accounts Payable
Accounting Policies [Line Items]
Accrued construction-related expenditures	$ 970	$ 545

Summary of Significant Accoun_5

Summary of Significant Accounting and Reporting Policies - Property, Plant and Equiptment (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Electric plant in service and other property	$ 115,172	$ 112,500
Nuclear fuel	1,561	1,606
Construction work in progress	14,721	14,141
Property, plant and equipment, gross	131,454	128,247
Accumulated depreciation and amortization	(29,519)	(28,899)
Property, plant and equipment – net	101,935	99,348
Florida Power & Light Company
Property, Plant and Equipment [Line Items]
Electric plant in service and other property	69,119	67,771
Nuclear fuel	1,124	1,170
Construction work in progress	6,543	6,326
Property, plant and equipment, gross	76,786	75,267
Accumulated depreciation and amortization	(17,238)	(17,040)
Electric utility plant and other property – net	$ 59,548	$ 58,227

Commitments and Contingencies_2

Commitments and Contingencies (Planned Capital Expenditures) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)MW
Planned Capital Expenditures [Line Items]
Guarantor obligations, current carrying value	$ 484
Florida Power & Light Company
Planned Capital Expenditures [Line Items]
Remainder of 2022	6,655
2023	7,770
2024	7,865
2025	7,965
2026	8,055
Total	38,310
NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2022	7,465
2023	2,350
2024	655
2025	390
2026	340
Total	11,200
New Generation Expenditures [Member] \| Florida Power & Light Company
Planned Capital Expenditures [Line Items]
Remainder of 2022	1,665
2023	1,670
2024	1,700
2025	935
2026	1,065
Total	7,035
Allowance for funds used during construction (AFUDC) - remainder of 2022	50
Allowance for funds used during construction (AFUDC) - 2023	75
Allowance for funds used during construction (AFUDC) - 2024	45
Allowance for funds used during construction (AFUDC) - 2025	25
Allowance for funds used during construction (AFUDC) - 2026	25
Existing Generation Expenditures [Member] \| Florida Power & Light Company
Planned Capital Expenditures [Line Items]
Remainder of 2022	1,275
2023	1,405
2024	1,170
2025	1,170
2026	1,220
Total	6,240
Transmission And Distribution Expenditures [Member] \| Florida Power & Light Company
Planned Capital Expenditures [Line Items]
Remainder of 2022	2,990
2023	3,965
2024	4,325
2025	5,065
2026	5,010
Total	21,355
Allowance for funds used during construction (AFUDC) - remainder of 2022	35
Allowance for funds used during construction (AFUDC) - 2023	45
Allowance for funds used during construction (AFUDC) - 2024	50
Allowance for funds used during construction (AFUDC) - 2025	30
Allowance for funds used during construction (AFUDC) - 2026	60
Nuclear Fuel Expenditures [Member] \| Florida Power & Light Company
Planned Capital Expenditures [Line Items]
Remainder of 2022	135
2023	110
2024	145
2025	145
2026	120
Total	655
General And Other Expenditures [Member] \| Florida Power & Light Company
Planned Capital Expenditures [Line Items]
Remainder of 2022	590
2023	620
2024	525
2025	650
2026	640
Total	3,025
Wind Expenditures [Member] \| NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2022	2,630
2023	300
2024	30
2025	20
2026	20
Total	$ 3,000
Planned new generation over 5 year period (in megawatts) \| MW	3,464
Solar Expenditures [Member] \| NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2022	$ 3,130
2023	1,570
2024	235
2025	0
2026	0
Total	$ 4,935
Planned new generation over 5 year period (in megawatts) \| MW	5,594
Battery Storage Expenditures [Member] \| NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2022	$ 210
2023	80
2024	0
2025	0
2026	5
Total	295
Nuclear Expenditures [Member] \| NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2022	180
2023	150
2024	200
2025	205
2026	210
Total	945
Rate-Regulated Transmission [Member] \| NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2022	135
2023	120
2024	40
2025	25
2026	10
Total	330
Other Expenditures [Member] \| NEER Segment
Planned Capital Expenditures [Line Items]
Remainder of 2022	1,180
2023	130
2024	150
2025	140
2026	95
Total	$ 1,695

Commitments and Contingencies_3

Commitments and Contingencies (Long-term Purchase Commitment) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
NEER Segment
Required capacity and/or minimum payments [Abstract]
Remainder of 2022	$ 4,795
2023	565
2024	175
2025	80
2026	65
Thereafter	525
Commitment to invest	310
Joint Obligations Remainder Current Year	1,040
Joint Obligations Second Year	225
Joint Obligations Third Year	5
Joint Obligations Fourth Year	5
Joint Obligations Fifth Year	0
Joint Obligations After Fifth Year	5
Contract Group 1 [Member] \| NEER Segment
Long-term Purchase Commitment [Line Items]
Commitment amount included in capital expenditures	5,000
Mountain Valley Pipeline \| NEER Segment
Required capacity and/or minimum payments [Abstract]
Amounts Excluded from Required Capacity And/Or Minimum Payments, Annual Commitment	$ 70
Equity method investment, ownership percentage	31.90%
Florida Power & Light Company
Required capacity and/or minimum payments [Abstract]
Remainder of 2022	$ 780
2023	1,005
2024	980
2025	910
2026	840
Thereafter	8,570
Related Party Transaction, Amounts of Transaction	102	$ 103
Florida Power & Light Company \| Sabal Trail and Florida Southeast Connection [Member] \| Natural Gas, Including Transportation And Storage, Contract Minimum Payments [Member]
Required capacity and/or minimum payments [Abstract]
Remainder of 2022	310
2023	410
2024	410
2025	405
2026	400
Thereafter	5,960
Florida Power & Light Company \| Consolidation, Eliminations [Member]
Required capacity and/or minimum payments [Abstract]
Related Party Transaction, Amounts of Transaction	$ 26	$ 26

Commitments and Contingencies_4

Commitments and Contingencies (Insurance) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Insurance [Abstract]
Maximum obtainable amount of private liability insurance available under Price-Anderson Act	$ 450
Amount of secondary financial protection liability insurance coverage per incident	13,100
Potential retrospective assessments under secondary financial protection system	963
Potential retrospective assessments under secondary financial protection system payable per incident per year	143
Amount of coverage per occurrence per site for property damage, decontamination and premature decommissioning risks	2,750
Amount of sublimit for nonnuclear perils per occurrence per site under nuclear insurance mutual companies for property damage decontamination and premature decommissioning risks	$ 1,500
Coinsurance, percent	10.00%
Coinsurance, limit of coverage per loss per site occurrence	$ 400
Potential amount of retrospective assessment per occurrence per site for property damage, decontamination and premature decommissioning risks	158
Florida Power & Light Company
Insurance [Abstract]
Potential retrospective assessments under secondary financial protection system	550
Potential retrospective assessments under secondary financial protection system payable per incident per year	82
Potential amount of retrospective assessment per occurrence per site for property damage, decontamination and premature decommissioning risks	101
Duane Arnold Energy Center Insurance [Member]
Insurance [Abstract]
Maximum obtainable amount of private liability insurance available under Price-Anderson Act	100
Amount of coverage per occurrence per site for property damage, decontamination and premature decommissioning risks	50
Seabrook Station Insurance [Member]
Insurance [Abstract]
Potential retrospective assessment recoverable from minority interest for nuclear liability secondary financial protection	16
Potential retrospective assessment recoverable from minority interest for property damage, decontamination and premature decommissioning risks	2
Duane Arnold Energy Center Insurance [Member]
Insurance [Abstract]
Potential retrospective assessment recoverable from minority interest for property damage, decontamination and premature decommissioning risks	2
St Lucie Unit No 2 Insurance [Member]
Insurance [Abstract]
Potential retrospective assessment recoverable from minority interest for nuclear liability secondary financial protection	20
Potential retrospective assessment recoverable from minority interest for property damage, decontamination and premature decommissioning risks	$ 4

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended
Segment Information (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Operating revenues	$ 2,890	$ 3,726
Operating expenses – net	3,688	3,071
Gains (losses) on disposal of businesses/assets – net	23	14
Net loss attributable to noncontrolling interests	242	168
Net income (loss) attributable to NEE	(451)	1,666
Net Income	$ (693)	1,498
Deemed capital structure of NextEra Energy Resources	70.00%
Total assets	$ 144,945		$ 140,912
Operating Segments [Member] \| FPL Segment
Segment Reporting Information [Line Items]
Operating revenues	3,712	2,970
Operating expenses – net	2,469	1,856
Gains (losses) on disposal of businesses/assets – net	0	0
Net loss attributable to noncontrolling interests	0	0
Net income (loss) attributable to NEE	875	777
Total assets	79,090		78,067
Operating Segments [Member] \| NEER Segment
Segment Reporting Information [Line Items]
Operating revenues	(800)	781
Operating expenses – net	1,168	1,172
Gains (losses) on disposal of businesses/assets – net	25	18
Net loss attributable to noncontrolling interests	242	168
Net income (loss) attributable to NEE	(1,499)	491
Total assets	64,033		62,113
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Operating revenues	(22)	(25)
Operating expenses – net	51	43
Gains (losses) on disposal of businesses/assets – net	(2)	(4)
Net loss attributable to noncontrolling interests	0	0
Net income (loss) attributable to NEE	173	$ 398
Total assets	$ 1,822		$ 732