Summary of Significant Accounting and Reporting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Schedule of Regulatory Assets

NEE's and FPL's regulatory assets and liabilities are as follows:

	NEE				FPL
	December 31,				December 31,
	2019		2018		2019		2018
	(millions)
Regulatory assets:
Current:
Acquisition of purchased power agreements	$	165	$	165	$	165	$	165
Deferred clause and franchise expenses	5		146		5		146
Other	165		137		57		136
Total	$	335	$	448	$	227	$	447
Noncurrent:
Acquisition of purchased power agreements	$	634	$	798	$	634	$	798
Other	2,653		2,492		1,915		2,045
Total	$	3,287	$	3,290	$	2,549	$	2,843
Regulatory liabilities:
Current:
Deferred clause revenues	$	309	$	265	$	284	$	265
Other	11		60		—		45
Total	$	320	$	325	$	284	$	310
Noncurrent:
Asset retirement obligation regulatory expense difference	$	2,826	$	2,352	$	2,828	$	2,352
Accrued asset removal costs	1,346		991		1,157		972
Deferred taxes	4,862		4,815		4,397		4,736
Other	902		851		914		826
Total	$	9,936	$	9,009	$	9,296	$	8,886

Schedule of Regulatory Liabilities

NEE's and FPL's regulatory assets and liabilities are as follows:

	NEE				FPL
	December 31,				December 31,
	2019		2018		2019		2018
	(millions)
Regulatory assets:
Current:
Acquisition of purchased power agreements	$	165	$	165	$	165	$	165
Deferred clause and franchise expenses	5		146		5		146
Other	165		137		57		136
Total	$	335	$	448	$	227	$	447
Noncurrent:
Acquisition of purchased power agreements	$	634	$	798	$	634	$	798
Other	2,653		2,492		1,915		2,045
Total	$	3,287	$	3,290	$	2,549	$	2,843
Regulatory liabilities:
Current:
Deferred clause revenues	$	309	$	265	$	284	$	265
Other	11		60		—		45
Total	$	320	$	325	$	284	$	310
Noncurrent:
Asset retirement obligation regulatory expense difference	$	2,826	$	2,352	$	2,828	$	2,352
Accrued asset removal costs	1,346		991		1,157		972
Deferred taxes	4,862		4,815		4,397		4,736
Other	902		851		914		826
Total	$	9,936	$	9,009	$	9,296	$	8,886

Schedule of Goodwill and Other Intangible Assets

NEE's goodwill and other intangible assets are as follows:

	Weighted- Average Useful Lives	December 31,
		2019			2018
	(years)	(millions)
Goodwill (by reporting unit):
FPL segment:
Florida City Gas		$	291		$	293
Other		9			11
NEER segment:
Rate-regulated transmission (see Note 8 - Trans Bay Cable, LLC)		610			—
Gas infrastructure		487			487
Customer supply		93			72
Generation assets		28			28
Corporate and Other - Gulf Power (see Note 8 - Gulf Power Company)		2,686			—
Total goodwill		$	4,204		$	891
Other intangible assets not subject to amortization, primarily land easements		$	135		$	135
Other intangible assets subject to amortization:
Purchased power agreements	17	$	401		$	625
Other, primarily transmission and development rights and customer lists	22	72			34
Total		473			659
Accumulated amortization		(56		)	(86		)
Total other intangible assets subject to amortization - net		$	417		$	573