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Equity
6 Months Ended
Jun. 30, 2022
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 June 30,Six Months Ended June 30,
2022202120222021
(millions, except per share amounts)
Numerator – net income attributable to NEE
$1,380 $256 $929 $1,922 
Denominator:
Weighted-average number of common shares outstanding – basic
1,965.2 1,962.4 1,964.9 1,962.0 
Equity units, stock options, performance share awards and restricted stock(a)
7.7 7.9 8.3 8.6 
Weighted-average number of common shares outstanding – assuming dilution
1,972.9 1,970.3 1,973.2 1,970.6 
Earnings per share attributable to NEE:
Basic$0.70 $0.13 $0.47 $0.98 
Assuming dilution$0.70 $0.13 $0.47 $0.98 
———————————————
(a)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 61.3 million and 61.5 million for the three months ended June 30, 2022 and 2021, respectively, and 59.9 million and 60.0 million for the six months ended June 30, 2022 and 2021, 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 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 June 30, 2022
Balances, March 31, 2022$18 $(25)$25 $(43)$5 $(20)
Other comprehensive loss before reclassifications  (30) (21) (51)
Amounts reclassified from AOCI1 
(a)
2 
(b)
   3 
Net other comprehensive income (loss)1 (28) (21) (48)
Less other comprehensive loss attributable to noncontrolling interests   9  9 
Balances, June 30, 2022$19 $(53)$25 $(55)$5 $(59)
Attributable to noncontrolling interests$ $ $ $2 $ $2 





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)
Six months ended June 30, 2022
Balances, December 31, 2021$14 $5 $25 $(49)$5 $ 
Other comprehensive loss before reclassifications (60) (9) (69)
Amounts reclassified from AOCI5 
(a)
2 
(b)
   7 
Net other comprehensive income (loss)5 (58) (9) (62)
Less other comprehensive loss attributable to noncontrolling interests   3  3 
Balances, June 30, 2022$19 $(53)$25 $(55)$5 $(59)
Attributable to noncontrolling interests$ $ $ $2 $ $2 
———————————————
(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.
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 June 30, 2021
Balances, March 31, 2021$10 $$(74)$(47)$$(98)
Other comprehensive income before reclassifications— — 11 — 12 
Amounts reclassified from AOCI
(a)
(b)
(c)
— — 
Net other comprehensive income11 — 16 
Less other comprehensive income
attributable to noncontrolling interests
— — — (3)— (3)
Balances, June 30, 2021$12 $11 $(73)$(39)$$(85)
Attributable to noncontrolling interests$— $— $— $(13)$— $(13)

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)
Six Months Ended June 30, 2021
Balances, December 31, 2020$$20 $(75)$(49)$$(92)
Other comprehensive income (loss) before reclassifications— (7)— 15 — 
Amounts reclassified from AOCI
(a)
(2)
(b)
(c)
— — 
Net other comprehensive income (loss)(9)15 — 12 
Less other comprehensive income attributable to noncontrolling interests— — — (5)— (5)
Balances, June 30, 2021$12 $11 $(73)$(39)$$(85)
Attributable to noncontrolling interests$— $— $— $(13)$— $(13)
———————————————
(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.