Segment Information

NEE's reportable segments are FPL, a rate-regulated electric utility, and NEER, a competitive energy business. Corporate and Other represents other business activities and includes eliminating entries. NEE's operating revenues derived from the sale of electricity represented approximately 93%, 90% and 92% of NEE's operating revenues for the years ended December 31, 2017, 2016 and 2015, respectively. Approximately 2% of operating revenues were from foreign sources for each of the years ended December 31, 2017, 2016 and 2015. At each of December 31, 2017 and 2016, approximately 3% of long-lived assets were located in foreign countries.

NEE's segment information is as follows:



	2017											2016									2015
	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	$	11,972	$	5,186		$	37		$	17,195		$	10,895	$	4,893	$	367		$	16,155	$	11,651	$	5,444	$	391		$	17,486
Operating expenses - net	$	8,581	$	4,318		$	(1,030	)	$	11,869		$	7,737	$	3,419	$	391		$	11,547	$	8,674	$	3,865	$	315		$	12,854
Interest expense	$	482	$	801		$	275		$	1,558		$	456	$	732	$	(95	)	$	1,093	$	445	$	625	$	141		$	1,211
Interest income	$	2	$	72		$	7		$	81		$	2	$	34	$	46		$	82	$	7	$	28	$	51		$	86
Depreciation and amortization	$	933	$	1,398		$	26		$	2,357		$	1,651	$	1,366	$	60		$	3,077	$	1,576	$	1,183	$	72		$	2,831
Equity in earnings of equity method investees	$	—	$	136		$	5		$	141		$	—	$	119	$	29		$	148	$	—	$	103	$	4		$	107
Income tax expense (benefit)^(b)	$	1,106	$	(2,025	)	$	266		$	(653	)	$	1,051	$	242	$	90		$	1,383	$	957	$	289	$	(18	)	$	1,228
Net income	$	1,880	$	2,905		$	535		$	5,320		$	1,727	$	1,218	$	60		$	3,005	$	1,648	$	1,102	$	12		$	2,762
Net income attributable to NEE	$	1,880	$	2,963		$	535		$	5,378		$	1,727	$	1,125	$	60		$	2,912	$	1,648	$	1,092	$	12		$	2,752
Capital expenditures, independent power and other investments and nuclear fuel purchases	$	5,291	$	5,375		$	74		$	10,740		$	3,934	$	5,521	$	181		$	9,636	$	3,633	$	4,661	$	83		$	8,377
Property, plant and equipment	$	51,982	$	40,767		$	1,034		$	93,783		$	48,313	$	37,644	$	1,056		$	87,013	$	45,383	$	33,340	$	1,607		$	80,330
Accumulated depreciation and amortization	$	12,802	$	8,452		$	113		$	21,367		$	12,304	$	7,655	$	142		$	20,101	$	11,862	$	6,640	$	442		$	18,944
Total assets	$	50,244	$	45,549		$	2,034		$	97,827		$	45,501	$	41,743	$	2,749		$	89,993	$	42,523	$	37,647	$	2,309		$	82,479
Investment in equity method investees	$	—	$	2,153		$	168		$	2,321		$	—	$	1,661	$	106		$	1,767	$	—	$	983	$	80		$	1,063

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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 PTCs that were recognized based on its tax sharing agreement with NEE. See Note 1 - Income Taxes.