Segment Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

NEE's reportable segments are FPL, a rate-regulated electric utility, and NEER, a competitive energy business. NEER's segment information includes an allocation of interest expense from NEECH based on a deemed capital structure of 70% debt and allocated shared service costs. Corporate and Other represents other business activities, and eliminating entries. During the fourth quarter of 2015, the natural gas pipeline projects that were previously reported in Corporate and Other were moved to the NEER segment reflecting the overall scale of the natural gas pipeline investments and management of these projects within NEER's gas infrastructure business. Prior year amounts for NEER and Corporate and Other were adjusted to reflect this segment change. NEE's operating revenues derived from the sale of electricity represented approximately 92%, 91% and 92% of NEE's operating revenues for the years ended December 31, 2015, 2014 and 2013, respectively. Approximately 2%, 2% and 1% of operating revenues were from foreign sources for the years ended December 31, 2015, 2014 and 2013, respectively. At December 31, 2015 and 2014, approximately 3% and 4%, respectively, of long-lived assets were located in foreign countries.

NEE's segment information is as follows:

	2015									2014									2013
	FPL		NEER(a)		Corp. and Other			NEE Consoli- dated		FPL		NEER(a)		Corp. and Other			NEE Consoli- dated		FPL		NEER(a)			Corp. and Other			NEE Consoli- dated
										(millions)
Operating revenues	$	11,651	$	5,444	$	391		$	17,486	$	11,421	$	5,196	$	404		$	17,021	$	10,445	$	4,333		$	358		$	15,136
Operating expenses(b)	$	8,674	$	3,865	$	315		$	12,854	$	8,593	$	3,727	$	317		$	12,637	$	7,906	$	3,730		$	259		$	11,895
Interest expense	$	445	$	625	$	141		$	1,211	$	439	$	667	$	155		$	1,261	$	415	$	528		$	178		$	1,121
Interest income	$	7	$	28	$	51		$	86	$	3	$	26	$	51		$	80	$	6	$	19		$	53		$	78
Depreciation and amortization	$	1,576	$	1,183	$	72		$	2,831	$	1,432	$	1,051	$	68		$	2,551	$	1,159	$	949		$	55		$	2,163
Equity in earnings (losses) of equity method investees	$	—	$	103	$	4		$	107	$	—	$	95	$	(2	)	$	93	$	—	$	26		$	(1	)	$	25
Income tax expense (benefit)(c)(d)	$	957	$	289	$	(18	)	$	1,228	$	910	$	283	$	(17	)	$	1,176	$	835	$	(42	)	$	(16	)	$	777
Income (loss) from continuing operations(d)	$	1,648	$	1,102	$	12		$	2,762	$	1,517	$	993	$	(41	)	$	2,469	$	1,349	$	340		$	(12	)	$	1,677
Gain from discontinued operations, net of income taxes(e)	$	—	$	—	$	—		$	—	$	—	$	—	$	—		$	—	$	—	$	216		$	15		$	231
Net income (loss) attributable to NEE(d)	$	1,648	$	1,092	$	12		$	2,752	$	1,517	$	989	$	(41	)	$	2,465	$	1,349	$	556		$	3		$	1,908
Capital expenditures, independent power and other investments and nuclear fuel purchases	$	3,633	$	4,661	$	83		$	8,377	$	3,241	$	3,701	$	75		$	7,017	$	2,903	$	3,613		$	166		$	6,682
Property, plant and equipment	$	45,383	$	33,340	$	1,607		$	80,330	$	41,938	$	30,178	$	1,523		$	73,639	$	39,896	$	28,081		$	1,471		$	69,448
Accumulated depreciation and amortization	$	11,862	$	6,640	$	442		$	18,944	$	11,282	$	6,268	$	384		$	17,934	$	10,944	$	5,455		$	329		$	16,728
Total assets(f)	$	42,523	$	37,647	$	2,309		$	82,479	$	39,222	$	32,896	$	2,487		$	74,605	$	36,420	$	30,052		$	2,535		$	69,007
Investment in equity method investees	$	—	$	983	$	80		$	1,063	$	—	$	617	$	46		$	663	$	—	$	388		$	34		$	422

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(a) Interest expense allocated from NEECH is based on a deemed capital structure of 70% debt. For this purpose, the deferred credit associated with differential membership interests sold by NEER subsidiaries is included with debt. Residual NEECH corporate interest expense is included in Corporate and Other.

(b) NEER includes an impairment charge of $300 million in 2013 related to the Spain solar projects. See Note 4 - Nonrecurring Fair Value Measurements.

(c) NEER includes PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 - Income Taxes.

(d) NEER includes after-tax charges of $342 million in 2013 associated with the impairment of the Spain solar projects. See Note 4 - Nonrecurring Fair Value Measurements.

(e) See Note 6.

(f) Reflects reclassification of debt issuance costs of $324 million ($85 million for FPL) in 2014 and $298 million ($68 million for FPL) in 2013. See Note 1 - Debt Issuance Costs.