XML 35 R19.htm IDEA: XBRL DOCUMENT v3.21.2
Equity
 9 Months Ended
Sep. 30, 2021
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 September 30,Nine Months Ended September 30,
2021202020212020
(millions, except per share amounts)
Numerator:
    Net income attributable to NEE – basic
$447 $1,229 $2,369 $2,924 
Adjustment for the impact of dilutive securities at NEP(a)
— (1)— — 
Net income attributable to NEE – assuming dilution
$447 $1,228 $2,369 $2,924 
Denominator:
Weighted-average number of common shares outstanding – basic
1,962.7 1,959.4 1,962.2 1,958.4 
Equity units, stock options, performance share awards and restricted stock(b)
10.2 9.5 9.1 9.3 
Weighted-average number of common shares outstanding – assuming dilution
1,972.9 1,968.9 1,971.3 1,967.7 
Earnings per share attributable to NEE:
Basic$0.23 $0.63 $1.21 $1.49 
Assuming dilution$0.23 $0.62 $1.20 $1.49 
———————————————
(a)The three months ended September 30, 2020 adjustment is related to the NEP Series A convertible preferred units.
(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 equity units, stock options and/or performance share awards, as well as restricted stock which were not included in the denominator above due to their antidilutive effect were approximately 1.2 million and 46.0 million for the three months ended September 30, 2021 and 2020, respectively, and 40.4 million and 36.2 million for the nine months ended September 30, 2021 and 2020, respectively.

On September 14, 2020, NEE's board of directors approved a four-for-one split of NEE common stock effective October 26, 2020. NEE's authorized common stock increased from 800 million to 3.2 billion shares. Prior year's share and share-based data included in NEE's condensed consolidated financial statements have been retrospectively adjusted to reflect the 2020 stock split.
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 HedgesNet Unrealized Gains (Losses) on Available for Sale SecuritiesDefined Benefit Pension and Other Benefits PlansNet Unrealized Gains (Losses) on Foreign Currency TranslationOther Comprehensive Income (Loss) Related to Equity Method InvesteesTotal
(millions)
Three Months Ended September 30, 2021
Balances, June 30, 2021$12 $11 $(73)$(39)$4 $(85)
Other comprehensive income (loss) before reclassifications— (2)— (13)1 (14)
Amounts reclassified from AOCI— (1)
(a)
1 
(b)
— — — 
Net other comprehensive income (loss)— (3)1 (13)1 (14)
Less other comprehensive income attributable to noncontrolling interests— — — 5 — 5 
Balances, September 30, 2021$12 $8 $(72)$(47)$5 $(94)
Attributable to noncontrolling interests$— $— $— $(8)$— $(8)
Attributable to NEE$12 $8 $(72)$(39)$5 $(86)


Accumulated Other Comprehensive Income (Loss)
Net Unrealized Gains (Losses) on Cash Flow HedgesNet Unrealized Gains (Losses) on Available for Sale SecuritiesDefined Benefit Pension and Other Benefits PlansNet Unrealized Gains (Losses) on Foreign Currency TranslationOther Comprehensive Income (Loss) Related to Equity Method InvesteesTotal
(millions)
Nine months ended September 30, 2021
Balances, December 31, 2020$8 $20 $(75)$(49)$4 $(92)
Other comprehensive income (loss) before reclassifications— (9)— 2 1 (6)
Amounts reclassified from AOCI4 
(c)
(3)
(a)
3 
(b)
— — 4 
Net other comprehensive income (loss)4 (12)3 2 1 (2)
Balances, September 30, 2021$12 $8 $(72)$(47)$5 $(94)
Attributable to noncontrolling interests$— $— $— $(8)$— $(8)
Attributable to NEE$12 $8 $(72)$(39)$5 $(86)
———————————————
(a)Reclassified to gains on disposal of investments and other property – net in NEE's condensed consolidated statements of income.
(b)Reclassified to other net periodic benefit income in NEE's condensed consolidated statements of income.
(c)Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 2 – Income Statement Impact of Derivative Instruments.
Accumulated Other Comprehensive Income (Loss)
Net Unrealized Gains (Losses) on Cash Flow HedgesNet Unrealized Gains (Losses) on Available for Sale SecuritiesDefined Benefit Pension and Other Benefits PlansNet Unrealized Gains (Losses) on Foreign Currency TranslationOther Comprehensive Income (Loss) Related to Equity Method InvesteesTotal
(millions)
Three Months Ended September 30, 2020
Balances, June 30, 2020$1 $16 $(113)$(73)$3 $(166)
Other comprehensive income (loss) before reclassifications— 3 — 8 — 11 
Amounts reclassified from AOCI2 
(a)
(1)
(b)
1 
(c)
— — 2 
Net other comprehensive income (loss)2 2 1 8 — 13 
Balances, September 30, 2020$3 $18 $(112)$(65)$3 $(153)
Attributable to noncontrolling interests$— $— $— $(1)$— $(1)
Attributable to NEE$3 $18 $(112)$(64)$3 $(152)


Accumulated Other Comprehensive Income (Loss)
Net Unrealized Gains (Losses) on Cash Flow HedgesNet Unrealized Gains (Losses) on Available for Sale SecuritiesDefined Benefit Pension and Other Benefits PlansNet Unrealized Gains (Losses) on Foreign Currency TranslationOther Comprehensive Income (Loss) Related to Equity Method InvesteesTotal
(millions)
Nine Months Ended September 30, 2020
Balances, December 30, 2019$(27)$11 $(114)$(42)$3 $(169)
Other comprehensive income (loss) before reclassifications— 9 — (10)— (1)
Amounts reclassified from AOCI7 
(a)
(2)
(b)
2 
(c)
— — 7 
Net other comprehensive income (loss)7 7 2 (10)— 6 
Impact of disposal of a business23 
(d)
— (13)
(d)
10 
Balances, September 30, 2020$3 $18 $(112)$(65)$3 $(153)
Attributable to noncontrolling interests$— $— $— $(1)$— $(1)
Attributable to NEE$3 $18 $(112)$(64)$3 $(152)
———————————————
(a)Reclassified to interest expense in NEE's condensed consolidated statements of income. See Note 2 – 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 (losses) on disposal of businesses/assets – net and interest expense in NEE's condensed consolidated statements of income. See Note 2 – Income Statement Impact of Derivative Instruments and Note 11 – Disposal of Businesses/Assets and Sale of Noncontrolling Ownership Interests.