XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Changes in Equity - USD ($)
$ in Millions
Total
Noncontrolling Interests
Common Units, Units
Common Units, Amount
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Redeemable Non-controlling Interests
Beginning balance, units at Dec. 31, 2022     86,500,000        
Beginning balance at Dec. 31, 2022 $ 14,671     $ 3,332 $ (7) $ 11,346 $ 101
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common units (in shares) [1],[2]     6,900,000        
Issuance of common units [1],[2] 364     364      
Net income (loss) 66     88   (22) 4
Distributions, primarily to related parties (326) $ (326)       (326)  
Changes in non-economic ownership interests 11 11       11  
Other differential membership investment activity 323         323 (105)
Payments to Class B noncontrolling interest investors (122) (122)       (122)  
Distributions to unitholders [3] (228)     (228)      
Buyout of Class B noncontrolling interest investors (590) (590)       (590)  
Other – net 4 20   (16)   20  
Acquisition of subsidiaries with differential membership interests 165 165       165  
Acquisition of subsidiary with noncontrolling interest 72 72       72  
Ending balance, units at Sep. 30, 2023     93,400,000        
Ending balance at Sep. 30, 2023 14,410     3,540 (7) 10,877 0
Beginning balance, units at Jun. 30, 2023     93,400,000        
Beginning balance at Jun. 30, 2023 14,528     3,565 (7) 10,970 105
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss) 132     53   79  
Distributions, primarily to related parties (127) (127)       (127)  
Other differential membership investment activity 190         190 (105)
Payments to Class B noncontrolling interest investors (33) (33)       (33)  
Distributions to unitholders [4] (80)     (80)      
Buyout of Class B noncontrolling interest investors (201) (201)       (201)  
Other – net 1 (1)   2   (1)  
Ending balance, units at Sep. 30, 2023     93,400,000        
Ending balance at Sep. 30, 2023 $ 14,410     3,540 (7) 10,877 $ 0
Beginning balance, units at Dec. 31, 2023 93,400,000   93,400,000        
Beginning balance at Dec. 31, 2023 $ 14,057     3,576 (7) 10,488  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common units (in shares)     100,000        
Issuance of common units 6     6      
Net income (loss) 9     91   (82)  
Other comprehensive income 1       1    
Related party note receivable 4 4       4  
Related Party Contributions 46 46       46  
Distributions, primarily to related parties (346) (346)       (346)  
Changes in non-economic ownership interests 216 216       216  
Other differential membership investment activity 116         116  
Payments to Class B noncontrolling interest investors (66) (66)       (66)  
Distributions to unitholders [5] (250)     (250)      
Buyout of Class B noncontrolling interest investors (187) (187)       (187)  
Other – net $ (2) 2   (4)   2  
Ending balance, units at Sep. 30, 2024 93,500,000   93,500,000        
Ending balance at Sep. 30, 2024 $ 13,604     3,419 (6) 10,191  
Beginning balance, units at Jun. 30, 2024     93,500,000        
Beginning balance at Jun. 30, 2024 13,865     3,547 (7) 10,325  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common units 1     1      
Net income (loss) (83)     (40)   (43)  
Other comprehensive income 1       1    
Related Party Contributions 5 5       5  
Distributions, primarily to related parties (137) (137)       (137)  
Other differential membership investment activity 72         72  
Payments to Class B noncontrolling interest investors (33) (33)       (33)  
Distributions to unitholders [6] (85)     (85)      
Other – net $ (2) $ 2   (4)   2  
Ending balance, units at Sep. 30, 2024 93,500,000   93,500,000        
Ending balance at Sep. 30, 2024 $ 13,604     $ 3,419 $ (6) $ 10,191  
[1] Includes NEE Equity's exchange of NEP OpCo common units for NEP common units. Includes deferred tax impact of approximately $20 million. See Note 9 – Common Unit Issuances.
[2] See Note 9 – ATM Program for further discussion. Includes deferred tax impact of approximately $30 million.
[3] Distributions per common unit of $2.5090 were paid during the nine months ended September 30, 2023.
[4] Distributions per common unit of $0.8540 were paid during the three months ended September 30, 2023.
[5] Distributions per common unit of $2.6775 were paid during the nine months ended September 30, 2024.
[6] Distributions per common unit of $0.9050 were paid during the three months ended September 30, 2024.