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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING REVENUES $ 4,613 $ 4,075
OPERATING EXPENSES (INCOME)    
Fuel, purchased power and interchange 821 967
Other operations and maintenance 830 815
Depreciation and amortization 848 772
Gains on disposal of businesses/assets - net (273) (26)
Taxes other than income taxes and other - net 406 412
Total operating expenses - net 2,632 2,940
OPERATING INCOME 1,981 1,135
OTHER INCOME (DEDUCTIONS)    
Interest expense (1,311) (714)
Equity in earnings (losses) of equity method investees (390) 16
Allowance for equity funds used during construction 22 26
Interest income 13 12
Gains on disposal of investments and other property - net 24 23
Change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds - net (328) 117
Other net periodic benefit income 52 51
Other - net 10 14
Total other income (deductions) - net (1,908) (455)
INCOME BEFORE INCOME TAXES 73 680
INCOME TAX EXPENSE (BENEFIT) (235) 74
Net Income (Loss) 308 606
NET LOSS ATTRIBUTABLE TO NONCONTROLLING INTERESTS 113 74
Net Income (Loss) Attributable to Parent $ 421 $ 680
Earnings per share of common stock:    
Basic (in dollars per share) $ 0.86 $ 1.42
Assuming dilution (in dollars per share) $ 0.86 $ 1.41
FPL [Member]    
OPERATING REVENUES $ 2,540 $ 2,618
OPERATING EXPENSES (INCOME)    
Fuel, purchased power and interchange 586 729
Other operations and maintenance 317 340
Depreciation and amortization 402 375
Taxes other than income taxes and other - net 320 317
Total operating expenses - net 1,625 1,761
OPERATING INCOME 915 857
OTHER INCOME (DEDUCTIONS)    
Interest expense (152) (139)
Allowance for equity funds used during construction 16 24
Other - net 0 2
Total other income (deductions) - net (136) (113)
INCOME BEFORE INCOME TAXES 779 744
INCOME TAX EXPENSE (BENEFIT) 137 156
Net Income (Loss) [1] $ 642 $ 588
[1]
FPL's comprehensive income is the same as reported net income.