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Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2020
Income Tax Disclosure [Abstract]  
Reconciliation Between the Effective Income Tax Rates and the Applicable Statutory Rate

A reconciliation between the effective income tax rates and the applicable statutory rate is as follows:
 
NEE
 
FPL
 
NEE
 
FPL
 
Three Months Ended June 30,
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
 
2020
 
2019
 
2020
 
2019
Statutory federal income tax rate
21.0
 %
 
21.0
 %
 
21.0
 %
 
21.0
 %
 
21.0
 %
 
21.0
 %
 
21.0
 %
 
21.0
 %
Increases (reductions) resulting from:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
State income taxes - net of federal income tax benefit
4.2

 
2.0

 
3.9

 
1.6

 
0.8

 
3.0

 
4.1

 
3.0

Taxes attributable to noncontrolling interests
2.4

 
1.6

 
—

 
—

 
3.9

 
1.8

 
—

 
—

PTCs and ITCs - NEER
(5.7
)
 
(5.2
)
 
—

 
—

 
(9.9
)
 
(6.3
)
 
—

 
—

Amortization of deferred regulatory credit(a)
(3.7
)
 
(9.2
)
 
(5.0
)
 
(15.6
)
 
(6.4
)
 
(7.7
)
 
(5.0
)
 
(9.6
)
Foreign operations
(0.2
)
 
(0.1
)
 
—

 
—

 
(4.3
)
 
0.1

 
—

 
—

Other - net
(3.9
)
 
(0.3
)
 
(0.5
)
 
0.1

 
(8.8
)
 
(1.7
)
 
(1.5
)
 
(0.2
)
Effective income tax rate
14.1
 %
 
9.8
 %
 
19.4
 %
 
7.1
 %
 
(3.7
)%
 
10.2
 %
 
18.6
 %
 
14.2
 %

———————————————
(a)
The three and six months ended June 30, 2019 reflect an adjustment of approximately $83 million recorded by FPL to reduce income tax expense for the cumulative amortization of excess deferred income taxes from January 1, 2018 as a result of the FPSC's order in connection with its review of impacts associated with tax reform. One of the provisions of the order requires FPL to amortize approximately $870 million of its excess deferred income taxes over a period not to exceed ten years.