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Equity
 3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Equity Equity

Earnings Per Share - The reconciliation of NEE's basic and diluted earnings per share attributable to NEE is as follows:
 
Three Months Ended March 31,
 
2020
 
2019
 
(millions, except per share amounts)
Numerator - net income attributable to NEE(a)
$
421

 
$
680

Denominator:
 
 
 
Weighted-average number of common shares outstanding - basic
489.3

 
478.3

Equity units, stock options, performance share awards and restricted stock(b)
2.4

 
3.5

Weighted-average number of common shares outstanding - assuming dilution
491.7

 
481.8

Earnings per share attributable to NEE:
 
 
 
Basic
$
0.86

 
$
1.42

Assuming dilution
$
0.86

 
$
1.41

———————————————
(a)
The NEP Series A convertible preferred units and the NEP senior unsecured convertible notes were both antidilutive for the three months ended March 31, 2020 and 2019.
(b)
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 stock options, performance share awards and/or equity units, as well as restricted stock which were not included in the denominator above due to their antidilutive effect were approximately 6.2 million and 0.5 million for the three months ended March 31, 2020 and 2019, 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 Investees
 
Total
 
(millions)
Three Months Ended March 31, 2020
 
Balances, December 31, 2019
$
(27
)
 
$
11

 
$
(114
)
 
$
(42
)
 
$
3

 
$
(169
)
Other comprehensive loss before reclassifications
—

 
(8
)
 
—

 
(35
)
 
—

 
(43
)
Amounts reclassified from AOCI
2

(a) 
(1
)
(b) 
3

(c) 
—

 
—

 
4

Net other comprehensive income (loss)
2


(9
)

3


(35
)

—

 
(39
)
Impact of disposal of a business
23

(d) 
—

 
—

 
(13
)
(d) 
—

 
10

Balances, March 31, 2020
$
(2
)
 
$
2

 
$
(111
)
 
$
(90
)
 
$
3

 
$
(198
)
Attributable to noncontrolling interests
$
—

 
$
—

 
$
—

 
$
(6
)
 
$
—

 
$
(6
)
Attributable to NEE
$
(2
)
 
$
2

 
$
(111
)
 
$
(84
)
 
$
3

 
$
(192
)

 
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 Investees
 
Total
 
(millions)
Three Months Ended March 31, 2019
 
Balances, December 31, 2018
$
(55
)
 
$
(7
)
 
$
(65
)
 
$
(63
)
 
$
2

 
$
(188
)
Other comprehensive income (loss) before reclassifications
—

 
8

 
(52
)
 
10

 
(1
)
 
(35
)
Amounts reclassified from AOCI
10

(a) 
2

(b) 
(1
)
(c) 
—

 
—

 
11

Net other comprehensive income (loss)
10


10


(53
)

10


(1
)

(24
)
Acquisition of Gulf Power
(1
)
 
—

 
—

 
—

 
—

 
(1
)
Balances, March 31, 2019
$
(46
)
 
$
3

 
$
(118
)
 
$
(53
)
 
$
1

 
$
(213
)
———————————————
(a)
Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 4 - Income Statement Impact of Derivative Instruments.
(b)
Reclassified to gains on disposal of investments and other property - net in NEE's condensed consolidated statements of income.
(c)
Reclassified to other net periodic benefit income in NEE's condensed consolidated statements of income.
(d)
Reclassified to gains on disposal of businesses/assets - net and interest expense in NEE's condensed consolidated statements of income. See Note 4 - Income Statement Impact of Derivative Instruments. See Note 11 - Disposal of a Business.