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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
OPERATING REVENUES $ 3,835 $ 4,104
OPERATING EXPENSES    
Fuel, purchased power and interchange 928 1,363
Other operations and maintenance 799 735
Merger-related 4 4
Depreciation and amortization 537 547
Taxes other than income taxes and other 333 326
Total operating expenses 2,601 2,975
OPERATING INCOME 1,234 1,129
OTHER INCOME (DEDUCTIONS)    
Interest expense (509) (321)
Benefits associated with differential membership interests - net 84 57
Equity in earnings of equity method investees 32 9
Allowance for equity funds used during construction 25 11
Interest income 18 21
Gains on disposal of assets - net 15 22
Other - net (3) 8
Total other deductions - net (338) (193)
INCOME BEFORE INCOME TAXES 896 936
INCOME TAXES 259 286
Net Income (Loss) 637 650
LESS NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTERESTS 1 0
Net Income (Loss) Attributable to Parent $ 636 $ 650
Earnings per share of common stock:    
Basic $ 1.38 $ 1.47
Assuming dilution 1.37 1.45
Dividends per share of common stock $ 0.87 $ 0.77
Weighted-average number of common shares outstanding:    
Basic 460.5 442.3
Assuming dilution 462.9 448.8
FPL [Member]    
OPERATING REVENUES $ 2,303 $ 2,541
OPERATING EXPENSES    
Fuel, purchased power and interchange 700 1,005
Other operations and maintenance 390 353
Depreciation and amortization 219 242
Taxes other than income taxes and other 280 274
Total operating expenses 1,589 1,874
OPERATING INCOME 714 667
OTHER INCOME (DEDUCTIONS)    
Interest expense (112) (115)
Allowance for equity funds used during construction 24 10
Other - net 1 1
Total other deductions - net (87) (104)
INCOME BEFORE INCOME TAXES 627 563
INCOME TAXES 234 204
Net Income (Loss) Attributable to Parent [1] $ 393 $ 359
[1] (a)FPL's comprehensive income is the same as reported net income.