Debt (Tables)

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Long-term debt issuances and borrowings

Significant long-term debt issuances and borrowings during the three months ended March 31, 2026 were as follows:

	Principal Amount		Interest Rate			Maturity Date
	(millions)
NEECH:
Debentures – fixed	$	1,300	4.40%	–	5.85%	2031	–	2056
Euro denominated debentures – fixed(a)	$	1,549	2.989%	–	3.624%	2030	–	2034
Debentures, related to NEE's equity units	$	2,300	4.00%			2031	–	2034
Euro denominated junior subordinated debentures – fixed(a)(b)	$	2,067	4.20%	–	4.75%(b)	2056
Junior subordinated debentures – fixed	$	600	6.50%			2086

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(a)Foreign currency swaps have been entered into with respect to these debt issuances. See Note 2.

(b)Two series of junior subordinated debentures were issued in February 2026. One series will initially bear interest at 4.20% until February 26, 2032 and thereafter will bear interest based on an underlying index plus a specified margin, reset every five years; such margin will increase on February 26, 2037 and February 26, 2052. The second series will initially bear interest at 4.75% until February 26, 2036, and thereafter will bear interest at a rate based on an underlying index plus a specified margin, to be reset every five years.