Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2018

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Fair Value of Derivative Instruments - The tables below present NEE's and FPL's gross derivative positions at September 30, 2018 and December 31, 2017, as required by disclosure rules. However, the majority of the underlying contracts are subject to master netting agreements and generally would not be contractually settled on a gross basis. Therefore, the tables below also present the derivative positions on a net basis, which reflect the offsetting of positions of certain transactions within the portfolio, the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral (see Note 5 - Recurring Fair Value Measurements for netting information), as well as the location of the net derivative position on the condensed consolidated balance sheets.

	September 30, 2018
	Gross Basis				Net Basis
	Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	4,100	$	3,122	$	1,669	$	767
Interest rate contracts	163		203		156		196
Foreign currency contracts	—		29		13		42
Total fair values	$	4,263	$	3,354	$	1,838	$	1,005
FPL:
Commodity contracts	$	4	$	4	$	3	$	3
Net fair value by NEE balance sheet line item:
Current derivative assets(a)					$	463
Noncurrent derivative assets(b)					1,375
Current derivative liabilities							$	483
Noncurrent derivative liabilities							522
Total derivatives					$	1,838	$	1,005
Net fair value by FPL balance sheet line item:
Current other assets					$	3
Current other liabilities							$	2
Noncurrent other liabilities							1
Total derivatives					$	3	$	3

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(a) Reflects the netting of approximately $28 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $48 million in margin cash collateral received from counterparties.

	December 31, 2017
	Gross Basis				Net Basis
	Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	3,962	$	2,792	$	1,737	$	567
Interest rate contracts	50		275		55		280
Foreign currency contracts	—		40		12		52
Total fair values	$	4,012	$	3,107	$	1,804	$	899
FPL:
Commodity contracts	$	3	$	3	$	2	$	2
Net fair value by NEE balance sheet line item:
Current derivative assets(a)					$	489
Noncurrent derivative assets					1,315
Current derivative liabilities							$	364
Noncurrent derivative liabilities(b)							535
Total derivatives					$	1,804	$	899
Net fair value by FPL balance sheet line item:
Current other assets					$	2
Current other liabilities							$	2
Total derivatives					$	2	$	2

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(a) Reflects the netting of approximately $39 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $39 million in margin cash collateral paid to counterparties.

Net Notional Volumes

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

	September 30, 2018					December 31, 2017
Commodity Type	NEE			FPL		NEE			FPL
	(millions)
Power	(108	)	MWh	—		(109	)	MWh	—
Natural gas	(257	)	MMBtu	307	MMBtu	(74	)	MMBtu	142	MMBtu
Oil	(28	)	barrels	—		(15	)	barrels	—

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

Gains (losses) related to NEE's derivatives are recorded in NEE's condensed consolidated statements of income as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
	(millions)
Commodity contracts(a) - operating revenues	$	(187	)	$	114		$	(7	)	$	538
Foreign currency contracts - interest expense	(17		)	(4		)	3			53
Foreign currency contracts - other - net	—			(2		)	—			(5		)
Interest rate contracts - interest expense	142			(41		)	115			(232		)
Losses reclassified from AOCI to interest expense:
Interest rate contracts	(8		)	(13		)	(25		)	(36		)
Foreign currency contracts	(1		)	(1		)	(3		)	(80		)
Total	$	(71	)	$	53		$	83		$	238

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(a) For the three and nine months ended September 30, 2018, FPL recorded approximately $1 million of losses and $4 million of gains, respectively, related to commodity contracts as regulatory assets and regulatory liabilities, respectively, on its condensed consolidated balance sheets. For the three and nine months ended September 30, 2017, FPL recorded losses of approximately $12 million and $164 million, respectively, related to commodity contracts as regulatory assets on its condensed consolidated balance sheets.