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Employee Retirement Benefits
 3 Months Ended
Mar. 31, 2017
Compensation and Retirement Disclosure [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 (income) cost for the plans are as follows:
 
Pension Benefits
 
Postretirement Benefits
 
Three Months Ended
March 31,
 
Three Months Ended
March 31,
 
2017
 
2016
 
2017
 
2016
 
(millions)
Service cost
$
16

 
$
16

 
$
—

 
$
1

Interest cost
21

 
26

 
2

 
3

Expected return on plan assets
(67
)
 
(65
)
 
—

 
—

Amortization of prior service benefit
—

 
—

 
—

 
(1
)
Special termination benefits
1

 
—

 
—

 
—

Net periodic (income) cost at NEE
$
(29
)
 
$
(23
)
 
$
2

 
$
3

Net periodic (income) cost at FPL
$
(18
)
 
$
(15
)
 
$
2

 
$
2



Amendments to Presentation of Retirement Benefits - In March 2017, the FASB issued an accounting standards update that requires certain changes in classification of components of net periodic pension and postretirement benefit costs within the income statement and allows only the service cost component to be eligible for capitalization. The standards update will be applied using the retrospective approach for presentation of the components of net periodic pension and postretirement benefit costs and the prospective approach for capitalization of service cost. NEE and FPL anticipate adopting the standards update on January 1, 2018, and are currently evaluating the impact the adoption of this standards update will have on their consolidated financial statements.