Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Debt Issuances and Borrowings by Subsidiaries

Long-term debt consists of the following:

	December 31,
	2019							2018
	Maturity Date	Balance				Weighted- Average Interest Rate		Balance			Weighted- Average Interest Rate
		(millions)						(millions)
FPL:
First mortgage bonds - fixed	2020-2049	$	12,005			4.46	%	$	10,626		4.60	%
Storm-recovery bonds - fixed		—						74			5.26	%
Pollution control, solid waste disposal and industrial development revenue bonds - primarily variable(a)	2020-2049	1,076				1.67	%	1,022			2.04	%
Senior unsecured notes - variable(b)(c)	2022-2069	1,236				2.18	%	193			2.40	%
Unamortized debt issuance costs and discount		(156		)				(132		)
Total long-term debt of FPL		14,161						11,783
Less current portion of long-term debt		30						95
Long-term debt of FPL, excluding current portion		14,131						11,688
GULF POWER:
Senior unsecured notes - fixed	2020-2044	990				4.17	%	—
Other long-term debt - primarily variable(a)	2021-2049	709				1.93	%	—
Unamortized debt issuance costs and discount		(14		)				—
Total long-term debt of Gulf Power		1,685						—
Less current portion of long-term debt		175						—
Long-term debt of Gulf Power, excluding current portion		1,510						—
NEER:
NextEra Energy Resources:
Senior secured limited-recourse long-term debt - primarily variable(c)(d)	2023-2049	3,419				3.79	%	4,193			4.38	%
Other long-term debt - primarily variable(c)(d)	2024-2040	440			(e)	3.78	%	601			2.57	%
NEET - long-term debt - primarily fixed(d)	2021-2049	837				3.50	%	325			3.73	%
Unamortized debt issuance costs and premium - net		(74		)				(95		)
Total long-term debt of NEER		4,622						5,024
Less current portion of long-term debt		215						602
Long-term debt of NEER, excluding current portion		4,407						4,422
NEECH:
Debentures - fixed(d)	2020-2029	9,550				3.05	%	4,300			3.21	%
Debentures - variable(c)	2020-2022	1,375				3.00	%	2,341			3.11	%
Debentures, related to NEE's equity units - fixed	2024	1,500				2.10	%	1,500			1.65	%
Junior subordinated debentures - primarily fixed(d)	2057-2079	4,643				5.13	%	3,456			4.99	%
Japanese yen denominated long-term debt - primarily variable(c)(d)(f)	2020-2030	645				3.10	%	637			3.10	%
Australian dollar denominated long-term debt - fixed(f)	2026	351				2.59	%	—
Other long-term debt - fixed	2020-2021	524				2.00	%	543			1.95	%
Other long-term debt - variable(c)	2021	750				2.60	%	—
Unamortized debt issuance costs and discount		(139		)				(86		)
Total long-term debt of NEECH		19,199						12,691
Less current portion of long-term debt		1,704						2,019
Long-term debt of NEECH, excluding current portion		17,495						10,672
Total long-term debt		$	37,543					$	26,782

______________________

(a) Includes variable rate tax exempt bonds that permit individual bondholders to tender the bonds for purchase at any time prior to maturity. In the event these variable rate tax exempt bonds are tendered for purchase, they would be remarketed by a designated remarketing agent in accordance with the related indenture. If the remarketing is unsuccessful, FPL or Gulf Power, as the case may be, would be required to purchase the variable rate tax exempt bonds. At December 31, 2019, variable rate tax exempt bonds totaled approximately $948 million at FPL and $269 million at Gulf Power. All variable rate tax exempt bonds tendered for purchase have been successfully remarketed. FPL's and Gulf Power's syndicated revolving credit facilities, as the case may be, are available to support the purchase of the variable rate tax exempt bonds. Variable interest rate is established at various intervals by the remarketing agent. Gulf Power's remaining debt is primarily variable which is based on an underlying index plus a margin.

(b) Includes approximately $236 million of floating rate notes that permit individual noteholders to require repayment prior to maturity. FPL’s syndicated revolving credit facilities are available to support the purchase of the senior unsecured notes.

(c) Variable rate is based on an underlying index plus a specified margin.

(d) Interest rate contracts, primarily swaps, have been entered into with respect to certain of these debt issuances. See Note 4.

(e) Excludes approximately $463 million classified as held for sale, which is included in current other liabilities on NEE's consolidated balance sheets. See Note 1 - Disposal of Businesses/Assets.

(f) Foreign currency contracts have been entered into with respect to these debt issuances. See Note 4.