Segment Information

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Information

Segment Information

The tables below present information for NEE's two reportable segments, FPL, a rate-regulated utility business, and NEER, which is comprised of competitive energy and rate-regulated transmission businesses. Corporate and Other represents other business activities, includes eliminating entries, and may include the net effect of rounding. See Note 2 for information regarding NEE's and FPL's operating revenues.

NEE's segment information is as follows:

	2023
	FPL			NEER(a)			Corp. and Other		NEE Consolidated
	(millions)
Operating revenues	$	18,365		$	9,672		$	77	$	28,114
Operating expenses – net	$	12,175		$	5,706		$	401	$	18,282
Gains (losses) on disposal of businesses/assets – net	$	407		$	(3)		$	1	$	405
Interest expense	$	1,114		$	1,129		$	1,081	$	3,324
Depreciation and amortization	$	3,789		$	2,009		$	81	$	5,879
Equity in earnings (losses) of equity method investees	$	—		$	(649)		$	1	$	(648)
Income tax expense (benefit)	$	1,123	(b)	$	177	(b)	$	(294)	$	1,006
Net income (loss)	$	4,552		$	2,530		$	(800)	$	6,282
Net loss attributable to noncontrolling interests	$	—		$	1,028		$	—	$	1,028
Net income (loss) attributable to NEE	$	4,552		$	3,558		$	(800)	$	7,310
Capital expenditures, independent power and other investments and nuclear fuel purchases	$	9,400		$	15,652		$	61	$	25,113
Property, plant and equipment – net	$	70,608		$	55,034		$	134	$	125,776
Total assets	$	91,469		$	83,145		$	2,875	$	177,489
Investment in equity method investees	$	—		$	6,145		$	11	$	6,156

_________________________

(a)Interest expense allocated from NEECH to NextEra Energy Resources' subsidiaries 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.

(b)Includes amounts that were recognized based on its tax sharing agreement with NEE. See Note 1 – Income Taxes.

	2022
	FPL			NEER(a)			Corp. and Other		NEE Consolidated
	(millions)
Operating revenues	$	17,282		$	3,720		$	(46)	$	20,956
Operating expenses – net	$	11,992		$	5,140		$	265	$	17,397
Gains (losses) on disposal of businesses/assets – net	$	4		$	536		$	(18)	$	522
Interest expense	$	768		$	128		$	(311)	$	585
Depreciation and amortization	$	2,695		$	1,722		$	86	$	4,503
Equity in earnings of equity method investees	$	—		$	202		$	1	$	203
Income tax expense (benefit)	$	947	(b)	$	(391)	(b)	$	30	$	586
Net income (loss)	$	3,701		$	(616)		$	161	$	3,246
Net loss attributable to noncontrolling interests	$	—		$	901		$	—	$	901
Net income attributable to NEE	$	3,701		$	285		$	161	$	4,147
Capital expenditures, independent power and other investments and nuclear fuel purchases	$	9,185		$	9,645		$	453	$	19,283
Property, plant and equipment – net	$	64,693		$	45,840		$	526	$	111,059
Total assets	$	86,559		$	70,713		$	1,663	$	158,935
Investment in equity method investees	$	—		$	6,572		$	10	$	6,582

_________________________

(a)Interest expense allocated from NEECH to NextEra Energy Resources' subsidiaries 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.

(b)Includes amounts that were recognized based on its tax sharing agreement with NEE. See Note 1 – Income Taxes.

	2021
	FPL			NEER(a)			Corp. and Other		NEE Consolidated
	(millions)
Operating revenues	$	14,102		$	3,053		$	(86)	$	17,069
Operating expenses – net	$	9,587		$	4,434		$	212	$	14,233
Gains (losses) on disposal of businesses/assets – net	$	1		$	78		$	(2)	$	77
Interest expense	$	615		$	367		$	288	$	1,270
Depreciation and amortization	$	2,266		$	1,576		$	82	$	3,924
Equity in earnings of equity method investees	$	—		$	666		$	—	$	666
Income tax expense (benefit)	$	838	(b)	$	(395)	(b)	$	(95)	$	348
Net income (loss)	$	3,206		$	(147)		$	(232)	$	2,827
Net loss attributable to noncontrolling interests	$	—		$	746		$	—	$	746
Net income (loss) attributable to NEE	$	3,206		$	599		$	(232)	$	3,573
Capital expenditures, independent power and other investments and nuclear fuel purchases	$	7,570		$	8,363		$	144	$	16,077
Property, plant and equipment – net	$	58,227		$	40,900		$	221	$	99,348
Total assets	$	78,067		$	62,113		$	732	$	140,912
Investment in equity method investees	$	—		$	6,150		$	9	$	6,159

_________________________

(a)Interest expense allocated from NEECH to NextEra Energy Resources' subsidiaries 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.

(b)Includes amounts that were recognized based on its tax sharing agreement with NEE. See Note 1 – Income Taxes.