Derivative Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Derivative [Line Items]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

Fair Value of Derivative Instruments - The tables below present NEE's and FPL's gross derivative positions at June 30, 2017 and December 31, 2016, as required by disclosure rules. However, the majority of the underlying contracts are subject to master netting agreements and generally would not be contractually settled on a gross basis. Therefore, the tables below also present the derivative positions on a net basis, which reflect the offsetting of positions of certain transactions within the portfolio, the contractual ability to settle contracts under master netting arrangements and the netting of margin cash collateral (see Note 3 - Recurring Fair Value Measurements for netting information), as well as the location of the net derivative position on the condensed consolidated balance sheets.

	June 30, 2017
	Gross Basis				Net Basis
	Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	4,409	$	2,883	$	1,814	$	429
Interest rate contracts	154		306		152		304
Foreign currency contracts	—		43		8		51
Total fair values	$	4,563	$	3,232	$	1,974	$	784
FPL:
Commodity contracts	$	27	$	11	$	18	$	2
Net fair value by NEE balance sheet line item:
Current derivative assets(a)					$	546
Noncurrent derivative assets(b)					1,428
Current derivative liabilities							$	277
Noncurrent derivative liabilities							507
Total derivatives					$	1,974	$	784
Net fair value by FPL balance sheet line item:
Current derivative assets					$	18
Current other liabilities							$	2
Total derivatives					$	18	$	2

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(a) Reflects the netting of approximately $125 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $16 million in margin cash collateral received from counterparties.

	December 31, 2016
	Gross Basis				Net Basis
	Assets		Liabilities		Assets		Liabilities
	(millions)
NEE:
Commodity contracts	$	4,590	$	2,968	$	1,938	$	483
Interest rate contracts	288		284		296		292
Foreign currency contracts	1		106		1		106
Total fair values	$	4,879	$	3,358	$	2,235	$	881
FPL:
Commodity contracts	$	212	$	4	$	209	$	1
Net fair value by NEE balance sheet line item:
Current derivative assets(a)					$	885
Noncurrent derivative assets(b)					1,350
Current derivative liabilities							$	404
Noncurrent derivative liabilities							477
Total derivatives					$	2,235	$	881
Net fair value by FPL balance sheet line item:
Current derivative assets					$	209
Current other liabilities							$	1
Total derivatives					$	209	$	1

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(a) Reflects the netting of approximately $96 million in margin cash collateral received from counterparties.

(b) Reflects the netting of approximately $71 million in margin cash collateral received from counterparties.

Net Notional Volumes

NEE and FPL had derivative commodity contracts for the following net notional volumes:

	June 30, 2017					December 31, 2016
Commodity Type	NEE			FPL		NEE			FPL
	(millions)
Power	(80	)	MWh	—		(84	)	MWh	—
Natural gas	1,033		MMBtu	466	MMBtu	1,002		MMBtu	618	MMBtu
Oil	(16	)	barrels	—		(7	)	barrels	—

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

Gains (losses) related to NEE's derivatives are recorded in NEE's condensed consolidated statements of income as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(millions)
Commodity contracts:(a)
Operating revenues	$	132		$	(92	)	$	424		$	238
Fuel, purchased power and interchange	—			(4		)	—			(2		)
Foreign currency contracts - interest expense	36			52			57			81
Foreign currency contracts - other - net	(2		)	1			(2		)	3
Interest rate contracts - interest expense	(145		)	(278		)	(190		)	(457		)
Losses reclassified from AOCI to interest expense:
Interest rate contracts	(13		)	(25		)	(23		)	(53		)
Foreign currency contracts	(77		)	(3		)	(79		)	(6		)
Total	$	(69	)	$	(349	)	$	187		$	(196	)

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(a) For the three and six months ended June 30, 2017, FPL recorded losses of approximately $47 million and $152 million, respectively, related to commodity contracts as regulatory assets on its condensed consolidated balance sheets. For the three and six months ended June 30, 2016, FPL recorded gains of approximately $178 million and $70 million, respectively, related to commodity contracts as regulatory liabilities on its condensed consolidated balance sheets.