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Debt (Tables)
12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Debt Issuances and Borrowings by Subsidiaries
Long-term debt consists of the following:
December 31,
20242023
Maturity
Date
BalanceWeighted-
Average
Interest Rate
BalanceWeighted-
Average
Interest Rate
(millions)(millions)
FPL: 
First mortgage bonds – fixed2025-2054$21,990 4.41 %$19,790 4.26 %
Pollution control, solid waste disposal and industrial development revenue bonds – variable(a)
2027-20541,663 2.98 %1,319 3.75 %
Senior unsecured notes – primarily variable(b)(c)
2026-20743,194 4.30 %4,027 5.04 %
Other long-term debt – primarily fixed
2026-2046167 6.08 %387 4.74 %
Unamortized debt issuance costs and discounts
(269)(249)
Total long-term debt of FPL26,745 25,274 
Less current portion of long-term debt1,719 1,665 
Long-term debt of FPL, excluding current portion25,026 23,609 
NEER: 
   NextEra Energy Resources:
  Senior secured limited-recourse long-term debt – variable(c)(d)
2026-20358,399 6.47 %5,943 7.53 %
       Senior secured limited-recourse long-term loans – fixed
2029-20491,667 5.29 %2,350 3.45 %
Other long-term debt – primarily variable(c)(d)
2026-20483,231 6.62 %1,183 

7.19 %
    NEET – long-term debt – primarily fixed(d)
2025-20542,058 5.35 %2,524 5.38 %
 Unamortized debt issuance costs, discounts, and premiums
(266)(174)
 Total long-term debt of NEER15,089 11,826 
 Less current portion of long-term debt700 1,031 
 Long-term debt of NEER, excluding current portion14,389 10,795 
NEECH: 
Debentures – fixed
2025-206224,280 4.29 %24,365 4.06 %
Debentures – variable(c)
2026600 5.34 %400 6.40 %
Debentures, related to NEE's equity units – fixed2027-20295,500 6.30 %2,000 4.60 %
Junior subordinated debentures – primarily fixed(d)
2054-20825,923 5.84 %3,723 5.47 %
Canadian dollar denominated long-term debt – fixed(e)
2031697 4.85 %— — %
Australian dollar denominated long-term debt – fixed(e)
2026308 2.20 %339 2.20 %
Other long-term debt – fixed(e)
2025-20301,210 2.73 %228 1.45 %
Other long-term debt – variable(c)
2027300 5.44 %300 6.02 %
Unamortized debt issuance costs, discounts, and premiums
(206)(149)
Total long-term debt of NEECH38,612 31,206 
Less current portion of long-term debt5,642 4,205 
Long-term debt of NEECH, excluding current portion32,970 27,001 
Total long-term debt$72,385 $61,405 
______________________
(a)Includes tax exempt bonds that permit individual bondholders to tender the bonds for purchase at any time prior to maturity. In the event these 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 would be required to purchase these tax exempt bonds. At December 31, 2024, these tax exempt bonds totaled approximately $1,663 million. All tax exempt bonds tendered for purchase have been successfully remarketed. FPL's syndicated revolving credit facilities are available to support the purchase of the tax exempt bonds. Variable interest rate is established at various intervals by the remarketing agent.
(b)At December 31, 2024, includes approximately $1,979 million of floating rate notes that permit individual noteholders to require repayment at specified dates prior to maturity. FPL’s syndicated revolving credit facilities are available to support the purchase of the floating rate 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 3.
(e)Foreign currency contracts have been entered into with respect to certain of these debt issuances. See Note 3.