Common Shareholders' Equity

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Common Shareholders' Equity

Common Shareholders' Equity

Stock-Based Compensation - On March 30, 2016, the FASB issued an accounting standards update related to the accounting for employee share-based payment awards including simplification in areas such as (i) income tax consequences; (ii) classification of awards as either equity or liabilities; and (iii) classification on the statement of cash flows. The standards update was effective for NEE beginning January 1, 2017, however, NEE early adopted the provisions of the standard update during the three months ended June 30, 2016 with an effective date of January 1, 2016. Upon adoption, NEE recorded approximately $18 million primarily related to previously unrecognized excess tax benefits in deferred income taxes with a resulting increase to retained earnings as of January 1, 2016. During the three and six months ended June 30, 2016, the impact of the accounting standards update resulted in approximately $7 million and $24 million, respectively, of excess tax benefits being recorded in NEE's condensed consolidated statements of income; the three months ended March 31, 2016 impact was approximately $17 million, or $0.04 per share after tax for basic and assuming dilution. All other provisions of the standards update did not have a material impact to NEE's condensed consolidated financial statements. The accounting standards update had no effect on FPL.

Earnings Per Share - The reconciliation of NEE's basic and diluted earnings per share attributable to NEE is as follows:

	Three Months Ended   June 30,				Six Months Ended   June 30,
	2016		2015		2016		2015
	(millions, except per share amounts)
Numerator - net income attributable to NEE	$	540	$	716	$	1,193	$	1,366
Denominator:
Weighted-average number of common shares outstanding - basic	461.3		445.5		460.9		443.9
Equity units, performance share awards, stock options and restricted stock(a)	3.3		3.7		3.1		5.1
Weighted-average number of common shares outstanding - assuming dilution	464.6		449.2		464.0		449.0
Earnings per share attributable to NEE:
Basic	$	1.17	$	1.61	$	2.59	$	3.08
Assuming dilution	$	1.16	$	1.59	$	2.57	$	3.04

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(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, performance share awards and restricted stock which were not included in the denominator above due to their antidilutive effect were approximately 0.3 million and 5.5 million for the three months ended June 30, 2016 and 2015, respectively, and 0.2 million and 2.8 million for the six months ended June 30, 2016 and 2015, 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 Investee			Total
	(millions)
Three Months Ended June 30, 2016
Balances, March 31, 2016	$	(146	)		$	181			$	(69	)	$	(52	)	$	(27	)	$	(113	)
Other comprehensive income (loss) before reclassifications	—				17				—			8			(1		)	24
Amounts reclassified from AOCI	13			(a)	(5		)	(b)	—			—			—			8
Net other comprehensive income (loss)	13				12				—			8			(1		)	32
Less other comprehensive income attributable to noncontrolling interests	1				—				—			—			—			1
Balances, June 30, 2016	$	(134	)		$	193			$	(69	)	$	(44	)	$	(28	)	$	(82	)

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(a) Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 2 - Income Statement Impact of Derivative Instruments.

(b) Reclassified to gains on disposal of assets - net in NEE's condensed consolidated statements of income.

	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 Investee			Total
	(millions)
Three Months Ended June 30, 2015
Balances, March 31, 2015	$	(189	)		$	220			$	(36	)	$	(42	)	$	(26	)	$	(73	)
Other comprehensive income (loss) before reclassifications	40				(7		)		—			15			3			51
Amounts reclassified from AOCI	22			(a)	(3		)	(b)	—			—			—			19
Net other comprehensive income (loss)	62				(10		)		—			15			3			70
Less other comprehensive income attributable to noncontrolling interests	1				—				—			—			—			1
Balances, June 30, 2015	$	(128	)		$	210			$	(36	)	$	(27	)	$	(23	)	$	(4	)

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(a) Reclassified to interest expense and other - net in NEE's condensed consolidated statements of income. See Note 2 - Income Statement Impact of Derivative Instruments.

(b) Reclassified to gains on disposal of assets - net in NEE's condensed consolidated statements of income.

	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 Investee			Total
	(millions)
Six Months Ended June 30, 2016
Balances, December 31, 2015	$	(170	)		$	174			$	(62	)	$	(85	)	$	(24	)	$	(167	)
Other comprehensive income (loss) before reclassifications	—				25				(7		)	28			(4		)	42
Amounts reclassified from AOCI	36			(a)	(6		)	(b)	—			—			—			30
Net other comprehensive income (loss)	36				19				(7		)	28			(4		)	72
Less other comprehensive loss attributable to noncontrolling interests	—				—				—			(13		)	—			(13		)
Balances, June 30, 2016	$	(134	)		$	193			$	(69	)	$	(44	)	$	(28	)	$	(82	)

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(a) Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 2 - Income Statement Impact of Derivative Instruments.

(b) Reclassified to gains on disposal of assets - net in NEE's condensed consolidated statements of income.

	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 Investee			Total
	(millions)
Six Months Ended June 30, 2015
Balances, December 31, 2014	$	(156	)		$	218			$	(20	)	$	(58	)	$	(24	)	$	(40	)
Other comprehensive income (loss) before reclassifications	(11		)		5				(16		)	29			1			8
Amounts reclassified from AOCI	39			(a)	(13		)	(b)	—			—			—			26
Net other comprehensive income (loss)	28				(8		)		(16		)	29			1			34
Less other comprehensive loss attributable to noncontrolling interests	—				—				—			(2		)	—			(2		)
Balances, June 30, 2015	$	(128	)		$	210			$	(36	)	$	(27	)	$	(23	)	$	(4	)

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(a) Reclassified to interest expense and other - net in NEE's condensed consolidated statements of income. See Note 2 - Income Statement Impact of Derivative Instruments.

(b) Reclassified to gains on disposal of assets - net in NEE's condensed consolidated statements of income.