Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2016

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

	June 30, 2016
	Fair Values of Derivatives Not Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Fair Values of Derivatives Not Designated as Hedging Instruments for Accounting Purposes - Net Basis
	Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	5,042	$	3,548	$	1,753	$	573
Interest rate contracts	74		761		65		755
Foreign currency swaps	—		45		—		42
Total fair values	$	5,116	$	4,354	$	1,818	$	1,370
FPL:
Commodity contracts	$	67	$	28	$	48	$	9
Net fair value by NEE balance sheet line item:
Current derivative assets(a)					$	572
Noncurrent derivative assets(b)					1,246
Current derivative liabilities							$	457
Noncurrent derivative liabilities(c)							913
Total derivatives					$	1,818	$	1,370
Net fair value by FPL balance sheet line item:
Current other assets					$	24
Noncurrent other assets					24
Current derivative liabilities							$	9
Total derivatives					$	48	$	9

———————————————

(a) Reflects the netting of approximately $164 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $167 million in margin cash collateral received from counterparties.

(c) Reflects the netting of approximately $17 million in margin cash collateral paid to counterparties.

	December 31, 2015
	Fair Values of Derivatives Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Fair Values of Derivatives Not Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Total Derivatives Combined - Net Basis
	Assets		Liabilities		Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	—	$	—	$	5,906	$	4,580	$	1,937	$	982
Interest rate contracts	33		155		2		160		34		319
Foreign currency swaps	—		132		—		—		—		127
Total fair values	$	33	$	287	$	5,908	$	4,740	$	1,971	$	1,428
FPL:
Commodity contracts	$	—	$	—	$	7	$	225	$	4	$	222
Net fair value by NEE balance sheet line item:
Current derivative assets(a)									$	712
Assets held for sale									57
Noncurrent derivative assets(b)									1,202
Current derivative liabilities(c)											$	882
Liabilities associated with assets held for sale											16
Noncurrent derivative liabilities(d)											530
Total derivatives									$	1,971	$	1,428
Net fair value by FPL balance sheet line item:
Current other assets									$	3
Noncurrent other assets									1
Current derivative liabilities											$	222
Total derivatives									$	4	$	222

———————————————

(a) Reflects the netting of approximately $279 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $151 million in margin cash collateral received from counterparties.

(c) Reflects the netting of approximately $46 million in margin cash collateral paid to counterparties.

(d) Reflects the netting of approximately $13 million in margin cash collateral paid to counterparties.

Net notional volumes

NEE and FPL had derivative commodity contracts for the following net notional volumes:

	June 30, 2016					December 31, 2015
Commodity Type	NEE			FPL		NEE			FPL
	(millions)
Power	(75	)	MWh	—		(112	)	MWh	—
Natural gas	1,408		MMBtu	789	MMBtu	1,321		MMBtu	833	MMBtu
Oil	(9	)	barrels	—		(9	)	barrels	—

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

Gains (losses) related to NEE's derivatives not designated as hedging instruments are recorded in NEE's condensed consolidated statements of income as follows:

	Three Months Ended   June 30,					Six Months Ended   June 30,
	2016			2015		2016			2015
	(millions)
Commodity contracts:(a)
Operating revenues	$	(92	)	$	178	$	238		$	415
Fuel, purchased power and interchange	(4		)	—		(2		)	2
Foreign currency swaps - interest expense	52			—		81			—
Foreign currency swaps - other - net	1			—		3			—
Interest rate contracts - interest expense	(278		)	24		(457		)	11
Losses reclassified from AOCI to interest expense:
Interest rate contracts	(25		)	—		(53		)	—
Foreign currency swaps	(3		)	—		(6		)	—
Total	$	(349	)	$	202	$	(196	)	$	428

———————————————

(a) For the three and six months ended June 30, 2016, FPL recorded gains of approximately $178 million and $70 million, respectively, related to commodity contracts as regulatory liabilities on its condensed consolidated balance sheets. For the three and six months ended June 30, 2015, FPL recorded approximately $23 million of gains and $63 million of losses, respectively, related to commodity contracts as regulatory liabilities and regulatory assets, respectively, on its condensed consolidated balance sheets.

Cash Flow Hedging [Member]

Derivative [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

Gains (losses) related to NEE's cash flow hedges, which were previously designated as hedging instruments, are recorded in NEE's condensed consolidated financial statements (none at FPL) as follows:

	Three Months Ended											Six Months Ended
	June 30, 2015											June 30, 2015
	Interest Rate Contracts				Foreign Currency Swaps				Total			Interest Rate Contracts				Foreign Currency Swaps				Total
	(millions)
Gains (losses) recognized in OCI	$	73			$	(7	)		$	66		$	4			$	(15	)		$	(11	)
Losses reclassified from AOCI to net income	$	(19	)	(a)	$	(15	)	(b)	$	(34	)	$	(38	)	(a)	$	(17	)	(b)	$	(55	)

———————————————

(a) Included in interest expense.

(b) For the three and six months ended June 30, 2015, losses of approximately $3 million and $6 million, respectively, are included in interest expense and the balances are included in other - net.