Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment Information

NEE's segment information is as follows:

	2019
	FPL		Gulf Power(a)		NEER(b)		Corp. and Other			NEE Consolidated
	(millions)
Operating revenues	$	12,192	$	1,487	$	5,639	$	(114	)	$	19,204
Operating expenses - net	$	8,890	$	1,216	$	3,635	$	110		$	13,851
Interest expense	$	594	$	55	$	873	$	727		$	2,249
Interest income	$	5	$	3	$	38	$	8		$	54
Depreciation and amortization	$	2,524	$	247	$	1,387	$	58		$	4,216
Equity in earnings (losses) of equity method investees	$	—	$	—	$	67	$	(1	)	$	66
Income tax expense (benefit)(c)	$	441	$	42	$	162	$	(197	)	$	448
Net income (loss)	$	2,334	$	180	$	1,426	$	(552	)	$	3,388
Net income (loss) attributable to NEE	$	2,334	$	180	$	1,807	$	(552	)	$	3,769
Capital expenditures, independent power and other investments and nuclear fuel purchases	$	5,755	$	729	$	6,505	$	4,473		$	17,462
Property, plant and equipment	$	59,027	$	6,393	$	41,499	$	259		$	107,178
Accumulated depreciation and amortization	$	13,953	$	1,630	$	9,457	$	128		$	25,168
Total assets	$	57,188	$	5,855	$	51,516	$	3,132		$	117,691
Investment in equity method investees	$	—	$	—	$	7,453	$	—		$	7,453

	2018
	FPL		NEER(b)(d)		Corp. and Other			NEE Consolidated
	(millions)
Operating revenues	$	11,862	$	4,984	$	(119	)	$	16,727
Operating expenses - net	$	8,708	$	3,616	$	123		$	12,447
Interest expense	$	541	$	595	$	362		$	1,498
Interest income	$	4	$	40	$	7		$	51
Depreciation and amortization	$	2,633	$	1,230	$	48		$	3,911
Equity in earnings of equity method investees	$	—	$	321	$	37		$	358
Income tax expense (benefit)(c)	$	539	$	1,196	$	(159	)	$	1,576
Net income (loss)	$	2,171	$	3,842	$	(237	)	$	5,776
Net income (loss) attributable to NEE	$	2,171	$	4,704	$	(237	)	$	6,638
Capital expenditures, independent power and other investments and nuclear fuel purchases	$	5,135	$	7,189	$	680		$	13,004
Property, plant and equipment	$	54,717	$	37,063	$	303		$	92,083
Accumulated depreciation and amortization	$	13,218	$	8,461	$	70		$	21,749
Total assets	$	53,484	$	44,509	$	5,709		$	103,702
Investment in equity method investees	$	—	$	6,521	$	227		$	6,748

	2017
	FPL		NEER(b)			Corp. and Other			NEE Consolidated
	(millions)
Operating revenues	$	11,972	$	5,275		$	(74	)	$	17,173
Operating expenses - net	$	8,582	$	4,345		$	(927	)	$	12,000
Interest expense	$	481	$	815		$	262		$	1,558
Interest income	$	2	$	72		$	7		$	81
Depreciation and amortization	$	940	$	1,414		$	3		$	2,357
Equity in earnings of equity method investees	$	—	$	136		$	5		$	141
Income tax expense (benefit)(c)	$	1,106	$	(2,013	)	$	247		$	(660	)
Net income	$	1,880	$	2,940		$	503		$	5,323
Net income attributable to NEE	$	1,880	$	2,997		$	503		$	5,380
Capital expenditures, independent power and other investments and nuclear fuel purchases	$	5,291	$	5,415		$	34		$	10,740
Property, plant and equipment	$	51,915	$	41,567		$	83		$	93,565
Accumulated depreciation and amortization	$	12,791	$	8,460		$	25		$	21,276
Total assets	$	50,254	$	46,611		$	1,098		$	97,963
Investment in equity method investees	$	—	$	2,173		$	148		$	2,321

_________________________

(a) See Note 8 - Gulf Power Company.

(b) Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.

(c) NEER includes PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 - Income Taxes.

(d)

NEP was deconsolidated from NEER in January 2018. See Note 1 - NextEra Energy Partners, LP.