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Equity (Tables)
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted The reconciliation of NEE's basic and diluted earnings per share attributable to NEE is as follows:
 
Years Ended December 31,
 
2019
 
2018
 
2017
 
(millions, except per share amounts)
Numerator:
 
 
 
 
 
Net income attributable to NEE - basic
$
3,769

 
$
6,638

 
$
5,380

Adjustment for the impact of dilutive securities at NEP(a)
—

 
(19
)
 
—

Net income attributable to NEE - assuming dilution
$
3,769

 
$
6,619

 
$
5,380

 
 
 
 
 
 
Denominator:
 

 
 

 
 

Weighted-average number of common shares outstanding - basic
482.0

 
473.2

 
468.8

Equity units, stock options, performance share awards, forward sale agreements and restricted stock(b)
3.5

 
3.8

 
3.7

Weighted-average number of common shares outstanding - assuming dilution
485.5

 
477.0

 
472.5

Earnings per share attributable to NEE:
 
 
 

 
 

Basic
$
7.82

 
$
14.03

 
$
11.48

Assuming dilution
$
7.76

 
$
13.88

 
$
11.39

______________________
(a)
The 2018 adjustment is related to both the NEP Series A convertible preferred units and the NEP senior unsecured convertible notes (see Potentially Dilutive Securities at NEP below).
(b)
Calculated using the treasury stock method. Performance share awards are included in diluted weighted-average number of common shares outstanding based
upon what would be issued if the end of the reporting period was the end of the term of the award.
Nonvested Awards Activity
The activity in restricted stock and performance share awards for the year ended December 31, 2019 was as follows:
 
Shares
 
Weighted-
Average
Grant Date
Fair Value
Per Share
Restricted Stock:
 
 
 
Nonvested balance, January 1, 2019
479,936

 
$
134.69

Granted
235,280

 
$
186.54

Vested
(212,815
)
 
$
132.15

Forfeited
(7,253
)
 
$
155.20

Nonvested balance, December 31, 2019
495,148

 
$
159.74

Performance Share Awards:
 
 
 

Nonvested balance, January 1, 2019
782,664

 
$
123.47

Granted
426,777

 
$
138.99

Vested
(522,446
)
 
$
110.68

Forfeited
(16,849
)
 
$
157.07

Nonvested balance, December 31, 2019
670,146

 
$
142.42
Assumptions used to estimate fair value of options The fair value of the options is estimated on the date of the grant using the Black-Scholes option-pricing model and based on the following assumptions:
 
2019
 
2018
 
2017
Expected volatility(a)
14.20 - 14.31%
 
14.41%
 
14.91%
Expected dividends
2.85 - 2.93%
 
3.05%
 
3.16%
Expected term (years)(b)
7.0
 
7.0
 
7.0
Risk-free rate
2.24 - 2.54%
 
2.83%
 
2.23%
______________________
(a)
Based on historical experience.
(b)
Based on historical exercise and post-vesting cancellation experience adjusted for outstanding awards.
Stock option activity
Option activity for the year ended December 31, 2019 was as follows:
 
Shares
Underlying
Options
 
Weighted-
Average
Exercise
Price
Per Share
 
Weighted-
Average
Remaining
Contractual
Term
(years)
 
Aggregate
Intrinsic
Value
(millions)
Balance, January 1, 2019
2,495,630

 
$
96.33

 
 
 
 
Granted
500,135

 
$
182.95

 
 
 
 
Exercised
(578,093
)
 
$
59.24

 
 
 
 
Forfeited
(984
)
 
$
182.61

 
 
 
 
Balance, December 31, 2019
2,416,688

 
$
123.09

 
6.2
 
$
288

 
 
 
 
 
 
 
 
Exercisable, December 31, 2019
1,561,752

 
$
99.22

 
4.9
 
$
223
Schedule of Accumulated Other Comprehensive Income (Loss) The components of AOCI, net of tax, are as follows:
 
Accumulated Other Comprehensive Income (Loss)
 
Net Unrealized
Gains (Losses)
on Cash Flow
Hedges
 
Net Unrealized
Gains (Losses)
on Available for
Sale Securities
 
Defined Benefit
Pension and
Other Benefits
Plans
 
Net Unrealized
Gains (Losses)
on Foreign
Currency
Translation
 
Other
Comprehensive
Income (Loss)
Related to Equity
Method Investees
 
Total
 
(millions)
Balances, December 31, 2016
$
(100
)
 
$
225

 
$
(83
)
 
$
(90
)
 
$
(22
)
 
$
(70
)
Other comprehensive income before reclassifications
—

 
127

 
46

 
23

 
2

 
198

Amounts reclassified from AOCI
32

(a) 
(36
)
(b) 
(2
)
(c) 
—

 
—

 
(6
)
Net other comprehensive income
32

 
91

 
44

 
23

 
2

 
192

Less other comprehensive income attributable to noncontrolling interests
9

 
—

 
—

 
2

 
—

 
11

Balances, December 31, 2017
(77
)
 
316

 
(39
)
 
(69
)
 
(20
)
 
111

Other comprehensive income (loss) before reclassifications
—

 
(12
)
 
(14
)
 
(31
)
 
4

 
(53
)
Amounts reclassified from AOCI
26

(a) 
1

(b) 
(3
)
(c) 
—

 
—

 
24

Net other comprehensive income (loss)
26

 
(11
)
 
(17
)
 
(31
)
 
4

 
(29
)
Impact of NEP deconsolidation(d)
3

 
—

 
—

 
37

 
18

 
58

Adoption of accounting standards updates
(7
)
 
(312
)
 
(9
)
 
—

 
—

 
(328
)
Balances, December 31, 2018
(55
)
 
(7
)
 
(65
)
 
(63
)
 
2

 
(188
)
Other comprehensive income (loss) before reclassifications
—

 
20

 
(46
)
 
22

 
1

 
(3
)
Amounts reclassified from AOCI
29

(a) 
(2
)
(b) 
(3
)
(c) 
—

 
—

 
24

Net other comprehensive income (loss)
29

 
18

 
(49
)
 
22

 
1

 
21

Less other comprehensive income attributable to noncontrolling interests
—

 
—

 
—

 
1

 
—

 
1

Acquisition of Gulf Power (see Note 8)
(1
)
 
—

 
—

 
—

 
—

 
(1
)
Balances, December 31, 2019
$
(27
)
 
$
11

 
$
(114
)
 
$
(42
)
 
$
3

 
$
(169
)
————————————
(a)
Reclassified to interest expense in NEE's consolidated statements of income. See Note 4 - Income Statement Impact of Derivative Instruments.
(b)
Reclassified to gains on disposal of investments and other property - net in NEE's consolidated statements of income.
(c)
Reclassified to other net periodic benefit income in NEE's consolidated statements of income.
(d) Reclassified and included in gain on NEP deconsolidation. See Note 1 - NextEra Energy Partners, LP.