Equity

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(millions, except per share amounts)
Numerator – net income attributable to NEE	$	1,696	$	447	$	2,625	$	2,369
Denominator:
Weighted-average number of common shares outstanding – basic	1,972.5		1,962.7		1,967.5		1,962.2
Equity units, stock options, performance share awards and restricted stock(a)	6.4		10.2		6.1		9.1
Weighted-average number of common shares outstanding – assuming dilution	1,978.9		1,972.9		1,973.6		1,971.3
Earnings per share attributable to NEE:
Basic	$	0.86	$	0.23	$	1.33	$	1.21
Assuming dilution	$	0.86	$	0.23	$	1.33	$	1.20

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(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 8.6 million and 1.2 million for the three months ended September 30, 2022 and 2021, respectively, and 42.6 million and 40.4 million for the nine months ended September 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 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 Related to Equity Method Investees		Total
	(millions)
Three months ended September 30, 2022
Balances, June 30, 2022	$	19	$	(53)		$	25	$	(55)	$	5	$	(59)
Other comprehensive income (loss) before reclassifications	—		(31)			—		(49)		1		(79)
Amounts reclassified from AOCI	—		1		(a)	—		—		—		1
Net other comprehensive income (loss)	—		(30)			—		(49)		1		(78)
Less other comprehensive loss attributable to noncontrolling interests	—		—			—		23		—		23
Balances, September 30, 2022	$	19	$	(83)		$	25	$	(81)	$	6	$	(114)
Attributable to noncontrolling interests	$	—	$	—		$	—	$	(21)	$	—	$	(21)

	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 Related to Equity Method Investees		Total
	(millions)
Nine months ended September 30, 2022
Balances, December 31, 2021	$	14		$	5		$	25	$	(49)	$	5	$	—
Other comprehensive income (loss) before reclassifications	—			(91)			—		(58)		1		(148)
Amounts reclassified from AOCI	5		(b)	3		(a)	—		—		—		8
Net other comprehensive income (loss)	5			(88)			—		(58)		1		(140)
Less other comprehensive loss attributable to noncontrolling interests	—			—			—		26		—		26
Balances, September 30, 2022	$	19		$	(83)		$	25	$	(81)	$	6	$	(114)
Attributable to noncontrolling interests	$	—		$	—		$	—	$	(21)	$	—	$	(21)

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(a)Reclassified to gains on disposal of investments and other property – net in NEE's condensed consolidated statements of income.

(b)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 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 Related to Equity Method Investees		Total
	(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 loss attributable to noncontrolling interests	—		—			—			5		—		5
Balances, September 30, 2021	$	12	$	8		$	(72)		$	(47)	$	5	$	(94)
Attributable to noncontrolling interests	$	—	$	—		$	—		$	(8)	$	—	$	(8)

	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 Related to Equity Method Investees		Total
	(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 AOCI	4		(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)

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(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.