Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Derivative [Line Items]

Schedule of derivative instruments in statement of financial position, fair value

Fair Value of Derivative Instruments - The tables below present NEE's and FPL's gross derivative positions at December 31, 2015 and December 31, 2014, as required by disclosure rules. However, the majority of the underlying contracts are subject to master netting agreements and generally would not be contractually settled on a gross basis. Therefore, the tables below also present the derivative positions on a net basis, which reflect the offsetting of positions of certain transactions within the portfolio, the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral (see Note 4 - Recurring Fair Value Measurements for netting information), as well as the location of the net derivative position on the consolidated balance sheets.

	December 31, 2015
	Fair Values of Derivatives Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Fair Values of Derivatives Not Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Total Derivatives Combined - Net Basis
	Assets		Liabilities		Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	—	$	—	$	5,906	$	4,580	$	1,937	$	982
Interest rate contracts	33		155		2		160		34		319
Foreign currency swaps	—		132		—		—		—		127
Total fair values	$	33	$	287	$	5,908	$	4,740	$	1,971	$	1,428
FPL:
Commodity contracts	$	—	$	—	$	7	$	225	$	4	$	222
Net fair value by NEE balance sheet line item:
Current derivative assets(a)									$	712
Assets held for sale									57
Noncurrent derivative assets(b)									1,202
Current derivative liabilities(c)											$	882
Liabilities associated with assets held for sale											16
Noncurrent derivative liabilities(d)											530
Total derivatives									$	1,971	$	1,428
Net fair value by FPL balance sheet line item:
Current other assets									$	3
Noncurrent other assets									1
Current derivative liabilities											$	222
Total derivatives									$	4	$	222

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(a) Reflects the netting of approximately $279 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $151 million in margin cash collateral received from counterparties.

(c) Reflects the netting of approximately $46 million in margin cash collateral paid to counterparties.

(d) Reflects the netting of approximately $13 million in margin cash collateral paid to counterparties.

	December 31, 2014
	Fair Values of Derivatives Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Fair Values of Derivatives Not Designated as Hedging Instruments for Accounting Purposes - Gross Basis				Total Derivatives Combined - Net Basis
	Assets		Liabilities		Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	—	$	—	$	6,145	$	5,290	$	1,949	$	1,358
Interest rate contracts	35		126		—		125		50		266
Foreign currency swaps	—		131		—		—		—		131
Total fair values	$	35	$	257	$	6,145	$	5,415	$	1,999	$	1,755
FPL:
Commodity contracts	$	—	$	—	$	8	$	371	$	7	$	370
Net fair value by NEE balance sheet line item:
Current derivative assets(a)									$	990
Noncurrent derivative assets(b)									1,009
Current derivative liabilities(c)											$	1,289
Noncurrent derivative liabilities(d)											466
Total derivatives									$	1,999	$	1,755
Net fair value by FPL balance sheet line item:
Current other assets									$	6
Noncurrent other assets									1
Current derivative liabilities											$	370
Total derivatives									$	7	$	370

______________________

(a) Reflects the netting of approximately $197 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $97 million in margin cash collateral received from counterparties.

(c) Reflects the netting of approximately $20 million in margin cash collateral paid to counterparties.

(d) Reflects the netting of approximately $10 million in margin cash collateral paid to counterparties.

Net notional volumes

NEE and FPL had derivative commodity contracts for the following net notional volumes:

	December 31, 2015					December 31, 2014
Commodity Type	NEE			FPL		NEE			FPL
	(millions)
Power	(112	)	MWh(a)	—		(73	)	MWh(a)	—
Natural gas	1,321		MMBtu(b)	833	MMBtu(b)	1,436		MMBtu(b)	845	MMBtu(b)
Oil	(9	)	barrels	—		(11	)	barrels	—

______________________

(a) Megawatt-hours

(b) One million British thermal units

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Derivative instruments, gain (loss) in statement of financial performance

Gains (losses) related to NEE's derivatives not designated as hedging instruments are recorded in NEE's consolidated statements of income as follows:

	Years Ended December 31,
	2015		2014			2013
	(millions)
Commodity contracts:(a)
Operating revenues	$	932	$	420		$	76
Fuel, purchased power and interchange	8		1			—
Foreign currency swap - other - net	—		(1		)	(72		)
Interest rate contracts - interest expense	8		(64		)	3
Total	$	948	$	356		$	7

______________________

(a) For the years ended December 31, 2015, 2014 and 2013, FPL recorded gains (losses) of approximately $(326) million, $(289) million and $81 million, respectively, related to commodity contracts as regulatory liabilities (assets) on its consolidated balance sheets.

Cash Flow Hedging [Member]

Derivative [Line Items]

Derivative instruments, gain (loss) in statement of financial performance

Income Statement Impact of Derivative Instruments - Gains (losses) related to NEE's cash flow hedges are recorded in NEE's consolidated financial statements (none at FPL) as follows:

	Year Ended    December 31, 2015												Year Ended    December 31, 2014											Year Ended    December 31, 2013
		Interest Rate Contracts				Foreign Currency Swaps				Total			Interest Rate Contracts				Foreign Currency Swaps				Total			Interest Rate Contracts				Foreign Currency Swaps				Total
	(millions)
Gains (losses) recognized in OCI		$	(113	)		$	(12	)		$	(125	)	$	(132	)		$	(89	)		$	(221	)	$	150			$	(21	)		$	129
Losses reclassified from AOCI to net income		$	(73	)	(a)	$	(15	)	(b)	$	(88	)	$	(77	)	(a)	$	(78	)	(b)	$	(155	)	$	(61	)	(a)	$	(44	)	(b)	$	(105	)

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(a) Included in interest expense.

(b) For 2015, 2014 and 2013, losses of approximately $11 million, $8 million and $4 million, respectively, are included in interest expense and the balances are included in other - net.