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Segment Information
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information

NEE's reportable segments are FPL, a rate-regulated electric utility, and NEER, a competitive energy business. NEER's segment information includes an allocation of interest expense from NEECH based on a deemed capital structure of 70% debt and allocated shared service costs. Corporate and Other represents other business activities, other segments that are not separately reportable and eliminating entries. NEE's segment information is as follows:
 
Three Months Ended June 30,
 
2015
 
2014
 
FPL
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
2,996

 
$
1,265

 
$
97

 
$
4,358

 
$
2,889

 
$
1,036

 
$
104

 
$
4,029

Operating expenses
$
2,216

 
$
916

 
$
80

 
$
3,212

 
$
2,107

 
$
896

 
$
75

 
$
3,078

Net income (loss) attributable to NEE
$
435

 
$
273

(b) 
$
8

 
$
716

 
$
423

 
$
81

(b) 
$
(12
)
 
$
492



 
Six Months Ended June 30,
 
2015
 
2014
 
FPL
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
NEER(a)
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Operating revenues
$
5,538

 
$
2,725

 
$
200

 
$
8,463

 
$
5,424

 
$
2,069

 
$
210

 
$
7,703

Operating expenses
$
4,091

 
$
1,943

 
$
153

 
$
6,187

 
$
4,010

 
$
1,846


$
157

 
$
6,013

Net income (loss) attributable to NEE
$
794

 
$
552

(b) 
$
20

 
$
1,366

 
$
770

 
$
167

(b) 
$
(16
)
 
$
921


————————————
(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 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.

 
June 30, 2015
 
December 31, 2014
 
FPL
 
NEER
 
Corporate
and Other
 
NEE
Consoli-
dated
 
FPL
 
NEER
 
Corporate
and Other
 
NEE
Consoli-
dated
 
 
 
 
 
 
 
(millions)
 
 
 
 
 
 
Total assets
$
40,289

 
$
34,333

 
$
2,579

 
$
77,201

 
$
39,307

 
$
32,919

 
$
2,703

 
$
74,929



Revenue Recognition - In July 2015, the FASB approved the deferral of the effective date of the new accounting standard related to the recognition of revenue from contracts with customers and required disclosures. The standard is now effective for NEE and FPL beginning January 1, 2018. NEE and FPL are currently evaluating the effect the adoption of this standard will have, if any, on their consolidated financial statements.