Employee Retirement Benefits

3 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

Employee Retirement Benefits

Employee Retirement Benefits

NEE sponsors a qualified noncontributory defined benefit pension plan for substantially all employees of NEE and its subsidiaries and sponsors a contributory postretirement plan for other benefits for retirees of NEE and its subsidiaries meeting certain eligibility requirements.

The components of net periodic cost (income) for the plans are as follows:

	Pension Benefits				Postretirement Benefits
	Three Months Ended March 31,				Three Months Ended March 31,
	2023		2022		2023		2022
	(millions)
Service cost	$	16	$	22	$	—	$	—
Interest cost	33		19		3		1
Expected return on plan assets	(98)		(91)		—		—
Amortization of actuarial loss	—		—		—		1
Amortization of prior service benefit	—		—		—		(1)
Net periodic cost (income) at NEE	$	(49)	$	(50)	$	3	$	1
Net periodic cost (income) allocated to FPL	$	(32)	$	(34)	$	2	$	1