Equity Method Investments (Tables)

12 Months Ended

Dec. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Summarized combined information for principal operating entities

Summarized combined information for these principal entities is as follows:

	2023		2022
	(millions)
Operating revenue	$	1,565	$	1,705
Operating income	$	291	$	1,423
Net income(a)	$	839	$	1,380
Total assets	$	34,415	$	26,058
Total liabilities	$	10,351	$	9,779
Partners'/members' equity(b)	$	24,064	$	16,279
NEE's share of underlying equity in the principal entities	$	5,168	$	2,379
Difference between investment carrying amount and underlying equity in net assets(c)	(1,205)		2,589
NEE's investment carrying amount for the principal entities	$	3,963	$	4,968

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(a)In 2023, includes approximately $450 million of income from discontinued operations related to NEP's sale of natural gas pipelines in December 2023. The income from discontinued operations includes $375 million of net gain on disposal.

(b)Reflects NEE's interest, as well as third-party interests, in NEP.

(c)In 2023, approximately $(2.4) billion is associated with Mountain Valley Pipeline, primarily reflecting impairment charges in 2022 and 2020. In addition, approximately $1.1 billion in 2023 and $2.5 billion in 2022 is associated with NEP, of which approximately 46% and 75%, respectively, relates to goodwill and is not being amortized and the remaining balance is being amortized primarily over a period of 16 to 24 years. The difference for 2023 reflects the approximately $1.2 billion impairment charge in 2023 related to NextEra Energy Resources' investment in NEP. See Note 4 – Nonrecurring Fair Value Measurements.