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Summary of Significant Accounting and Reporting Policies (Tables)

12 Months Ended

Dec. 31, 2022

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,
			2022						2021						2022						2021
			(millions)
Regulatory assets:
Current:



Early retirement of generation facilities and transmission assets(a)			$	145					$	140					$	145					$	140
Acquisition of purchased power agreements(b)			141						141						141						141
Deferred clause and franchise expenses			919			(c)			698						919			(c)			698

Storm restoration costs			911			(d)			92						911			(d)			92
Other			49						54						39						40
Total			$	2,165					$	1,125					$	2,155					$	1,111
Noncurrent:
Early retirement of generation facilities and transmission assets(a)			$	2,026					$	2,233					$	2,026					$	2,233
Acquisition of purchased power agreements(b)			191						332						191						332
Deferred clause expenses			1,227			(c)			17						1,227			(c)			17
Storm restoration costs			326			(d)			150						326			(d)			150
Accrued asset removal costs(e)			532						263						532						263

Other			1,690						1,583						1,182						1,348
Total			$	5,992					$	4,578					$	5,484					$	4,343
Regulatory liabilities:
Current:

Deferred clause revenues			$	339					$	274					$	339					$	274
Other			11						15						10						4
Total			$	350					$	289					$	349					$	278
Noncurrent:

Asset retirement obligation regulatory expense difference			$	3,323					$	4,290					$	3,323					$	4,290
Accrued asset removal costs(e)			658						782						623						752
Deferred taxes			4,233						4,561						4,129						4,457
Other			1,412						1,640						1,383						1,554
Total			$	9,626					$	11,273					$	9,458					$	11,053

______________________

(a)The majority of these regulatory assets are being amortized over 20 years.

(b)The majority of these regulatory assets are being amortized over approximately 9 years.

(c)The majority of these regulatory assets are expected to be amortized over 21 months beginning April 2023. See below regarding the 2022 fuel under-recovery.

(d)The majority of these regulatory assets are expected to be amortized over 12 months beginning April 2023. See Storm Funds, Storm Reserves and Storm Cost Recovery below.

(e)See Electric Plant, Depreciation and Amortization below.

Schedule of Regulatory Liabilities

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


			NEE												FPL
			December 31,												December 31,
			2022						2021						2022						2021
			(millions)
Regulatory assets:
Current:



Early retirement of generation facilities and transmission assets(a)			$	145					$	140					$	145					$	140
Acquisition of purchased power agreements(b)			141						141						141						141
Deferred clause and franchise expenses			919			(c)			698						919			(c)			698

Storm restoration costs			911			(d)			92						911			(d)			92
Other			49						54						39						40
Total			$	2,165					$	1,125					$	2,155					$	1,111
Noncurrent:
Early retirement of generation facilities and transmission assets(a)			$	2,026					$	2,233					$	2,026					$	2,233
Acquisition of purchased power agreements(b)			191						332						191						332
Deferred clause expenses			1,227			(c)			17						1,227			(c)			17
Storm restoration costs			326			(d)			150						326			(d)			150
Accrued asset removal costs(e)			532						263						532						263

Other			1,690						1,583						1,182						1,348
Total			$	5,992					$	4,578					$	5,484					$	4,343
Regulatory liabilities:
Current:

Deferred clause revenues			$	339					$	274					$	339					$	274
Other			11						15						10						4
Total			$	350					$	289					$	349					$	278
Noncurrent:

Asset retirement obligation regulatory expense difference			$	3,323					$	4,290					$	3,323					$	4,290
Accrued asset removal costs(e)			658						782						623						752
Deferred taxes			4,233						4,561						4,129						4,457
Other			1,412						1,640						1,383						1,554
Total			$	9,626					$	11,273					$	9,458					$	11,053

______________________

(a)The majority of these regulatory assets are being amortized over 20 years.

(b)The majority of these regulatory assets are being amortized over approximately 9 years.

(c)The majority of these regulatory assets are expected to be amortized over 21 months beginning April 2023. See below regarding the 2022 fuel under-recovery.

(d)The majority of these regulatory assets are expected to be amortized over 12 months beginning April 2023. See Storm Funds, Storm Reserves and Storm Cost Recovery below.

(e)See Electric Plant, Depreciation and Amortization below.

Schedule of Goodwill and Other Intangible Assets

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


			Weighted- Average Useful Lives						December 31,
									2022						2021
			(years)						(millions)
Goodwill (by reporting unit):
FPL segment, primarily rate-regulated utilities (see Note 6 – Merger of FPL and Gulf Power Company)									$	2,989					$	2,989
NEER segment:
Rate-regulated assets, primarily transmission (see Note 6 – GridLiance)									1,218						1,206
Gas infrastructure									487						487
Customer supply and trading									95						95
Clean energy assets									54						56
Corporate and Other									11						11
Total goodwill									$	4,854					$	4,844
Other intangible assets not subject to amortization, primarily land easements									$	136					$	136
Other intangible assets subject to amortization:

Purchased power agreements			16						$	549					$	507

Other, primarily transportation contracts and customer lists			24						173						187
Total									722						694
Accumulated amortization									(99)						(88)
Total other intangible assets subject to amortization – net									$	623					$	606