XML 50 R75.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Segment Reporting Information [Line Items]                      
Deemed capital structure of NextEra Energy Resources (in hundredths) 70.00%               70.00%    
Percentage of operating revenues derived from the sale of electricity (in hundredths)                 95.00% 95.00% 98.00%
Maximum percentage of operating revenues from foreign sources (in hundredths)                 1.00% 1.00% 1.00%
Maximum percentage of long-lived assets located in foreign countries (in hundredths) 2.00%       1.00%       2.00% 1.00%  
Operating revenues $ 3,864 [1],[2] $ 4,382 [1],[2] $ 3,961 [1],[2] $ 3,134 [1],[2] $ 3,413 [1],[2] $ 4,691 [1],[2] $ 3,591 [1],[2] $ 3,622 [1],[2] $ 15,341 $ 15,317 $ 15,643
Operating expenses                 11,963 12,074 13,049
Interest expense                 1,035 979 849
Interest income                 79 91 78
Depreciation and amortization                 1,567 1,788 1,765
Equity in earnings of equity method investees                 55 58 52
Income tax expense (benefit)                 529 532 327
Net income (loss) 667 [1],[2] 407 [1],[2] 580 [1],[2] 268 [1],[2] 263 [1],[2] 720 [1],[2] 417 [1],[2] 556 [1],[2] 1,923 1,957 1,615
Capital expenditures, independent power and other investments and nuclear fuel purchases                 6,628 5,846 6,006
Property, plant and equipment 57,552       54,221       57,552 54,221  
Accumulated depreciation and amortization 15,062       15,146       15,062 15,146  
Total assets 57,188       52,994       57,188 52,994  
Investments in equity method investees 0       0       0 0  
Sale of natural gas-fired generating assets                 151 0 0
Impairment charges                 51 19 0
FPL [Member]
                     
Segment Reporting Information [Line Items]                      
Operating revenues                 10,613 10,485 11,491
Operating expenses                 8,537 8,636 9,910
Interest expense                 387 361 318
Interest income                 3 0 1
Depreciation and amortization                 798 1,008 1,097
Equity in earnings of equity method investees                 0 0 0
Income tax expense (benefit)                 654 580 473
Net income (loss)                 1,068 945 831
Capital expenditures, independent power and other investments and nuclear fuel purchases                 3,502 2,706 2,717
Property, plant and equipment 35,170       32,423       35,170 32,423 30,982
Accumulated depreciation and amortization 10,916       10,871       10,916 10,871 10,578
Total assets 31,816       28,698       31,816 28,698 26,812
Investments in equity method investees 0       0       0 0 0
NextEra Energy Resources [Member]
                     
Segment Reporting Information [Line Items]                      
Deemed capital structure of NextEra Energy Resources (in hundredths) 70.00%               70.00%    
Operating revenues                 4,502 [3] 4,636 [3] 3,997 [3]
Operating expenses                 3,233 [3],[4] 3,286 [3] 3,024 [3]
Interest expense                 530 [3] 515 [3] 460 [3]
Interest income                 23 [3] 21 [3] 23 [3]
Depreciation and amortization                 736 [3] 759 [3] 651 [3]
Equity in earnings of equity method investees                 55 [3] 58 [3] 52 [3]
Income tax expense (benefit)                 (24) [3],[5] (11) [3],[5] (158) [3],[5]
Net income (loss)                 774 [3],[4],[6] 980 [3] 759 [3]
Capital expenditures, independent power and other investments and nuclear fuel purchases                 2,774 [3] 3,072 [3] 3,235 [3]
Property, plant and equipment 21,482 [3]       21,304 [3]       21,482 [3] 21,304 [3] 18,844 [3]
Accumulated depreciation and amortization 3,914 [3]       4,073 [3]       3,914 [3] 4,073 [3] 3,341 [3]
Total assets 23,459 [3]       22,389 [3]       23,459 [3] 22,389 [3] 20,136 [3]
Investments in equity method investees 193 [3]       217 [3]       193 [3] 217 [3] 173 [3]
Sale of natural gas-fired generating assets                 92    
Impairment charges                 51    
Impairment charges, after-tax                 31    
Corporate and Other [Member]
                     
Segment Reporting Information [Line Items]                      
Operating revenues                 226 196 155
Operating expenses                 193 152 115
Interest expense                 118 103 71
Interest income                 53 70 54
Depreciation and amortization                 33 21 17
Equity in earnings of equity method investees                 0 0 0
Income tax expense (benefit)                 (101) [7] (37) 12
Net income (loss)                 81 [6] 32 25
Capital expenditures, independent power and other investments and nuclear fuel purchases                 352 68 54
Property, plant and equipment 900       494       900 494 343
Accumulated depreciation and amortization 232       202       232 202 172
Total assets 1,913       1,907       1,913 1,907 1,510
Investments in equity method investees 9       10       9 10 10
Sale of natural gas-fired generating assets                 6    
Deferred state tax benefit related to recent state tax law changes                 64    
Deferred tax benefit related to dissolution of subsidiary                 41    
Total Reporting Segments [Member]
                     
Segment Reporting Information [Line Items]                      
Operating revenues                 15,341 15,317 15,643
Operating expenses                 11,963 [4] 12,074 13,049
Interest expense                 1,035 979 849
Interest income                 79 91 78
Depreciation and amortization                 1,567 1,788 1,765
Equity in earnings of equity method investees                 55 58 52
Income tax expense (benefit)                 529 [5],[7] 532 327
Net income (loss)                 1,923 [4],[6] 1,957 1,615
Capital expenditures, independent power and other investments and nuclear fuel purchases                 6,628 5,846 6,006
Property, plant and equipment 57,552       54,221       57,552 54,221 50,169
Accumulated depreciation and amortization 15,062       15,146       15,062 15,146 14,091
Total assets 57,188       52,994       57,188 52,994 48,458
Investments in equity method investees $ 202       $ 227       $ 202 $ 227 $ 183
[1] In the opinion of NEE and FPL, all adjustments, which consist of normal recurring accruals necessary to present a fair statement of the amounts shown for such periods, have been made. Results of operations for an interim period generally will not give a true indication of results for the year.
[2] The sum of the quarterly amounts may not equal the total for the year due to rounding.
[3] Interest expense allocated from NEECH to NEER is based on a deemed capital structure of 70% debt. For this purpose, the deferred credit associated with differential membership interests sold by NEER subsidiaries is included with debt. Residual non-utility interest expense is included in Corporate and Other.
[4] In 2011, NEER includes impairment charges of approximately $51 million ($31 million after-tax). See Note 4 - Nonrecurring Fair Value Measurements.
[5] NEER includes PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 - Income Taxes.
[6] In 2011, NEER and Corporate and Other include an after-tax loss on sale of natural gas-fired generating assets of $92 million and $6 million, respectively. See Note 4 - Nonrecurring Fair Value Measurements.
[7] In 2011, Corporate and Other includes state deferred income tax benefits of approximately $64 million, net of federal income taxes, related to state tax law changes and an income tax benefit of $41 million related to the dissolution of a subsidiary.