XML 117 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2013
Segment Information [Abstract]  
Segment Information
NEE's segment information is as follows:

 
2013
 
2012
 
2011
 
FPL
 
NEER(a)
 
Corp.
and
Other
 
Total
 
FPL
 
NEER(a)
 
Corp.
and
Other
 
Total
 
FPL
 
NEER(a)
 
Corp.
and
Other
 
Total
 
 
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
 
 
Operating revenues
$
10,445

 
$
4,333

 
$
358

 
$
15,136

 
$
10,114

 
$
3,895

 
$
247

 
$
14,256

 
$
10,613

 
$
4,502

 
$
226

 
$
15,341

Operating expenses(b)
$
7,906

 
$
3,730

 
$
259

 
$
11,895

 
$
7,757

 
$
3,024

 
$
199

 
$
10,980

 
$
8,537

 
$
3,351

 
$
192

 
$
12,080

Interest expense
$
415

 
$
528

 
$
178

 
$
1,121

 
$
417

 
$
474

 
$
147

 
$
1,038

 
$
387

 
$
530

 
$
118

 
$
1,035

Interest income
$
6

 
$
19

 
$
53

 
$
78

 
$
6

 
$
20

 
$
60

 
$
86

 
$
3

 
$
23

 
$
53

 
$
79

Depreciation and amortization
$
1,159

 
$
949

 
$
55

 
$
2,163

 
$
659

 
$
818

 
$
41

 
$
1,518

 
$
798

 
$
736

 
$
33

 
$
1,567

Equity in earnings (losses) of equity method investees
$
—

 
$
26

 
$
(1
)
 
$
25

 
$
—

 
$
19

 
$
(6
)
 
$
13

 
$
—

 
$
55

 
$
—

 
$
55

Income tax expense (benefit)(c)(d)
$
835

 
$
(16
)
 
$
(18
)
 
$
801

 
$
752

 
$
(7
)
 
$
(53
)
 
$
692

 
$
654

 
$
(24
)
 
$
(101
)
 
$
529

Income (loss) from continuing operations(b)(e)
$
1,349

 
$
381

 
$
(10
)
 
$
1,720

 
$
1,240

 
$
687

 
$
(16
)
 
$
1,911

 
$
1,068

 
$
774

 
$
81

 
$
1,923

Net gain from discontinued operations, net of income taxes(f)
$
—

 
$
175

 
$
13

 
$
188

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Net income (loss)(b)(e)
$
1,349

 
$
556

 
$
3

 
$
1,908

 
$
1,240

 
$
687

 
$
(16
)
 
$
1,911

 
$
1,068

 
$
774

 
$
81

 
$
1,923

Capital expenditures, independent power and other investments and nuclear fuel purchases
$
2,903

 
$
3,613

 
$
166

 
$
6,682

 
$
4,285

 
$
4,681

 
$
495

 
$
9,461

 
$
3,502

 
$
2,774

 
$
352

 
$
6,628

Property, plant and equipment
$
39,896

 
$
28,080

 
$
1,472

 
$
69,448

 
$
38,249

 
$
25,333

 
$
1,335

 
$
64,917

 
$
35,170

 
$
21,482

 
$
900

 
$
57,552

Accumulated depreciation and amortization
$
10,944

 
$
5,455

 
$
329

 
$
16,728

 
$
10,698

 
$
4,535

 
$
271

 
$
15,504

 
$
10,916

 
$
3,914

 
$
232

 
$
15,062

Total assets(g)
$
36,488

 
$
30,154

 
$
2,664

 
$
69,306

 
$
34,853

 
$
27,139

 
$
2,447

 
$
64,439

 
$
31,816

 
$
23,459

 
$
1,913

 
$
57,188

Investment in equity method investees
$
—

 
$
365

 
$
57

 
$
422

 
$
—

 
$
243

 
$
19

 
$
262

 
$
—

 
$
193

 
$
9

 
$
202

______________________
(a)
Interest expense allocated from NEECH 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.
(b)
NEER includes impairment charges of $300 million and other related charges ($342 million after-tax) in 2013 and impairment charges of $51 million ($31 million after-tax) in 2011.  See Note 4 - Nonrecurring Fair Value Measurements.
(c)
NEER includes PTCs that were recognized based on its tax sharing agreement with NEE.  See Note 1 - Income Taxes.
(d)
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.
(e)
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.
(f)
See Note 6.
(g)
In 2012, NEER includes assets held for sale of approximately $335 million.  See Note 6.