XML 77 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employee Retirement Benefits - Additional Disclosures (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Fair value measurements of plan assets [Abstract]      
Fair value $ 3,385 [1] $ 3,122 [1]  
Components of net periodic benefit income (cost) recognized in OCI [Abstract]      
Total (28) (45) 2
Employee contribution plans [Abstract]      
Defined Contribution Plan, Cost Recognized 44 42 34
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 999 [1] 834 [1]  
Significant Other Observable Inputs (Level 2) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 2,246 [1] 2,181 [1]  
Significant Unobservable Inputs (Level 3) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 140 [1] 107 [1]  
Equity Securities [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 833 [1],[2] 756 [1],[3]  
Equity Securities [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 833 [1],[2] 750 [1],[3]  
Foreign investments 308 258  
Equity Securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1],[2] 5 [1],[3]  
Equity Securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1],[2] 1 [1],[3]  
Equity commingled vehicles [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 590 [1],[4] 568 [1],[5]  
Equity commingled vehicles [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1],[4] 0 [1],[5]  
Equity commingled vehicles [Member] | Significant Other Observable Inputs (Level 2) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 590 [1],[4] 568 [1],[5]  
Foreign investments 204 185  
Equity commingled vehicles [Member] | Significant Unobservable Inputs (Level 3) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1],[4] 0 [1],[5]  
U.S. Government and municipal bonds [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 216 [1] 135 [1]  
U.S. Government and municipal bonds [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 166 [1] 84 [1]  
U.S. Government and municipal bonds [Member] | Significant Other Observable Inputs (Level 2) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 50 [1] 51 [1]  
U.S. Government and municipal bonds [Member] | Significant Unobservable Inputs (Level 3) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1] 0 [1]  
Corporate debt securities [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 349 [1],[6] 325 [1],[7]  
Corporate debt securities [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1],[6] 0 [1],[7]  
Corporate debt securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 349 [1],[6] 325 [1],[7]  
Foreign investments 66 58  
Corporate debt securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1],[6] 0 [1],[7]  
Asset-backed securities [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 273 [1] 318 [1]  
Asset-backed securities [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1] 0 [1]  
Asset-backed securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 273 [1] 318 [1]  
Asset-backed securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1] 0 [1]  
Debt security commingled vehicles [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 589 [1],[8] 586 [1],[9]  
Debt security commingled vehicles [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1],[8] 0 [1],[9]  
Debt security commingled vehicles [Member] | Significant Other Observable Inputs (Level 2) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 589 [1],[8] 586 [1],[9]  
Foreign investments 60 61  
Short-term commingled vehicles 135 85  
Debt security commingled vehicles [Member] | Significant Unobservable Inputs (Level 3) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1],[8] 0 [1],[9]  
Convertible securities [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 261 [1] 265 [1]  
Convertible securities [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1] 0 [1]  
Convertible securities [Member] | Significant Other Observable Inputs (Level 2) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 261 [1] 265 [1]  
Convertible securities [Member] | Significant Unobservable Inputs (Level 3) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1] 0 [1]  
Limited Partnerships [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 274 [1],[10] 169 [1],[11]  
Limited Partnerships [Member] | Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 0 [1],[10] 0 [1],[11]  
Limited Partnerships [Member] | Significant Other Observable Inputs (Level 2) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 134 [1],[10] 63 [1],[11]  
Foreign investments 39 31  
Alternative investments 107 94  
Fixed income oriented commingled investment arrangments 90    
Convertible security oriented limited partnership investments 77    
Limited Partnerships [Member] | Significant Unobservable Inputs (Level 3) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 140 [1],[10] 106 [1],[11]  
Pension Benefits [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 3,385 3,122 3,233
Expected benefit payments, net of government drug subsidy [Abstract]      
2013 144    
2014 144    
2015 149    
2016 153    
2017 159    
2018 - 2022 832    
Net periodic benefit (income) cost [Abstract]      
Service cost 65 64 59
Interest cost 98 98 102
Expected return on plan assets (238) (238) (241)
Amortization of transition obligation 0 0 0
Amortization of prior service cost (benefit) 5 (3) (3)
Amortization of loss 0 0 1
SERP settlements 3 0 1
Special termination benefits 0 0 13
Net periodic benefit (income) cost (67) (79) (68)
Components of net periodic benefit income (cost) recognized in OCI [Abstract]      
Prior service benefit (cost) (net of $3 tax benefit, none, none, $4 tax expense, $2 tax benefit and none), respectively (6) 0 0
Net gains (losses) (net of $16 tax benefit, $32 tax benefit, none, $3 tax benefit, $2 tax expense and $1 tax expense, respectively) (25) (45) 1
Amortization of prior service benefit (cost) 1 (1) (1)
Amortization of transition obligation 0 0 0
Total (30) (46) 0
Tax effects on components of net periodic benefit income (cost) recognized in OCI [Abstract]      
Tax expense (benefit) related to prior service cost (3) 0 0
Tax expense (benefit) related to net gains (losses) (16) (32) 0
Components of net periodic benefit (income) cost recognized in regulatory assets (liabilities) [Abstract]      
Prior service cost (benefit) 17 1  
Unrecognized (gains) losses 1 217  
Amortization of prior service cost (benefit) (3) 2  
Amortization of transition obligation 0 0  
Amortization of unrecognized losses 0 0  
Total 15 220  
Weighted-average assumptions used to determine net periodic benefit (income) cost [Abstract]      
Discount rate (in hundredths) 4.65% 5.00% 5.50%
Salary increase (in hundredths) 4.00% 4.00% 4.00%
Expected long-term rate of return (in hundredths) 7.75% [12] 7.75% [12] 7.75% [12]
Other Benefits [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 26 28 32
Anticipated payment for eligible retiree medical expenses on behalf of the other benefits plan during 2013 28    
Expected benefit payments, net of government drug subsidy [Abstract]      
2013 35    
2014 35    
2015 29    
2016 28    
2017 29    
2018 - 2022 134    
Net periodic benefit (income) cost [Abstract]      
Service cost 5 6 6
Interest cost 18 21 23
Expected return on plan assets (2) (2) (2)
Amortization of transition obligation 1 3 3
Amortization of prior service cost (benefit) (1) 0 0
Amortization of loss 0 0 0
SERP settlements 0 0 0
Special termination benefits 0 0 0
Net periodic benefit (income) cost 21 28 30
Components of net periodic benefit income (cost) recognized in OCI [Abstract]      
Prior service benefit (cost) (net of $3 tax benefit, none, none, $4 tax expense, $2 tax benefit and none), respectively 7 (3) 0
Net gains (losses) (net of $16 tax benefit, $32 tax benefit, none, $3 tax benefit, $2 tax expense and $1 tax expense, respectively) (5) 3 2
Amortization of prior service benefit (cost) 0 0 0
Amortization of transition obligation 0 1 0
Total 2 1 2
Tax effects on components of net periodic benefit income (cost) recognized in OCI [Abstract]      
Tax expense (benefit) related to prior service cost 4 (2) 0
Tax expense (benefit) related to net gains (losses) (3) 2 1
Weighted-average assumptions used to determine net periodic benefit (income) cost [Abstract]      
Discount rate (in hundredths) 4.53% [13] 5.25% 5.50%
Salary increase (in hundredths) 4.00% 4.00% 4.00%
Expected long-term rate of return (in hundredths) 8.00% [12] 8.00% [12] 8.00% [12]
Effect of one-percentage point increase in assumed health care cost trend rates on total service and interest cost components 1    
Effect of one-percentage point decrease in assumed health care cost trend rates on total service and interest cost components 1    
Other Benefits [Member] | Equity commingled vehicles [Member] | Significant Other Observable Inputs (Level 2) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 18 [1] 17 [1]  
Foreign investments 4 4  
Other Benefits [Member] | Debt security commingled vehicles [Member] | Significant Other Observable Inputs (Level 2) [Member]
     
Fair value measurements of plan assets [Abstract]      
Fair value 7 11  
SERP and Other Benefits [Member]
     
Components of net periodic benefit (income) cost recognized in regulatory assets (liabilities) [Abstract]      
Prior service cost (benefit) (29) 12  
Unrecognized (gains) losses 16 7  
Amortization of prior service cost (benefit) 0 0  
Amortization of transition obligation (1) (2)  
Amortization of unrecognized losses (3) 0  
Total (17) 17  
FPL [Member]
     
Employee contribution plans [Abstract]      
Defined Contribution Plan, Cost Recognized 29 28 26
FPL [Member] | Pension Benefits [Member]
     
Net periodic benefit (income) cost [Abstract]      
Net periodic benefit (income) cost (43) (51) (42)
FPL [Member] | Other Benefits [Member]
     
Net periodic benefit (income) cost [Abstract]      
Net periodic benefit (income) cost $ 16 $ 21 $ 23
[1] See Note 4 for discussion of fair value measurement techniques and inputs.
[2] Includes foreign investments of $308 million.
[3] Includes foreign investments of $258 million.
[4] Includes foreign investments of $204 million.
[5] Includes foreign investments of $185 million.
[6] Includes foreign investments of $66 million.
[7] Includes foreign investments of $58 million.
[8] Includes foreign investments of $60 million and $135 million of short-term commingled vehicles.
[9] Includes foreign investments of $61 million and $85 million of short-term commingled vehicles.
[10] Includes fixed income oriented commingled investment arrangements of $90 million, convertible security oriented limited partnerships of $77 million and alternative investments of $107 million, of which $39 million were foreign investments. Fair values have been estimated using net asset value per share (NAV) of the investments. Those investments subject to certain restrictions have been classified as Level 3.
[11] Includes alternative investments of $94 million, of which $31 million were foreign investments. Fair values have been estimated using NAV of the investments.
[12] In developing the expected long-term rate of return on assets assumption for its plans, NEE evaluated input, including other qualitative and quantitative factors, from its actuaries and consultants, as well as information available in the marketplace. NEE considered different models, capital market return assumptions and historical returns for a portfolio with an equity/bond asset mix similar to its funds. NEE also considered its funds' historical compounded returns.
[13] Reflects a mid-year rate change due to cost remeasurement resulting from a plan amendment.