Employee Retirement Benefits

3 Months Ended

Mar. 31, 2022

Retirement Benefits [Abstract]

Employee Retirement Benefits

Employee Retirement Benefits

NEE sponsors a qualified noncontributory defined benefit pension plan for substantially all employees of NEE and its subsidiaries and sponsors a contributory postretirement plan for other benefits for retirees of NEE and its subsidiaries meeting certain eligibility requirements.

The components of net periodic cost (income) for the plans are as follows:

	Pension Benefits				Postretirement Benefits
	Three Months Ended March 31,				Three Months Ended March 31,
	2022		2021		2022		2021
	(millions)
Service cost	$	22	$	22	$	—	$	1
Interest cost	19		16		1		1
Expected return on plan assets	(91)		(85)		—		—
Amortization of actuarial loss	—		6		1		1
Amortization of prior service benefit	—		—		(1)		(4)
Net periodic cost (income) at NEE	$	(50)	$	(41)	$	1	$	(1)
Net periodic cost (income) allocated to FPL	$	(34)	$	(27)	$	1	$	(1)