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Non-Derivative Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Financial assets and liabilities and other fair value measurements NEE's and FPL's financial assets and other fair value measurements made on a recurring basis by fair value hierarchy level are as follows:
 March 31, 2024
 Level 1Level 2 Level 3Total
 (millions)
Assets:     
Cash equivalents and restricted cash equivalents:(a)
     
NEE – equity securities
$684 $— $— $684 
FPL – equity securities
$11 $— $— $11 
Special use funds:(b)
 
NEE: 
Equity securities$2,494 $2,981 
(c)
$234 $5,709 
U.S. Government and municipal bonds$690 $45 $— $735 
Corporate debt securities$1 $642 $— $643 
Asset-backed securities$— $825 $— $825 
Other debt securities$— $14 $— $14 
FPL:     
Equity securities$913 $2,685 
(c)
$234 $3,832 
U.S. Government and municipal bonds$550 $23 $— $573 
Corporate debt securities$— $468 $— $468 
Asset-backed securities$— $607 $— $607 
Other debt securities$— $6 $— $6 
Other investments:(d)
     
NEE:     
Equity securities$52 $1 $— $53 
U.S. Government and municipal bonds$246 $3 $— $249 
Corporate debt securities$— $494 $134 $628 
Other debt securities$— $191 $39 $230 
FPL:
Equity securities$10 — $— $10 

———————————————
(a)Includes restricted cash equivalents of approximately $19 million ($11 million for FPL) in current other assets on the condensed consolidated balance sheets.
(b)Excludes investments accounted for under the equity method and loans not measured at fair value on a recurring basis. See Fair Value of Financial Instruments Recorded at Other than Fair Value below.
(c)Primarily invested in commingled funds whose underlying securities would be Level 1 if those securities were held directly by NEE or FPL.
(d)Included in noncurrent other assets on NEE's and FPL's condensed consolidated balance sheets.
 December 31, 2023
 Level 1Level 2 Level 3Total
 (millions)
Assets:     
Cash equivalents and restricted cash equivalents:(a)
     
NEE – equity securities
$1,972 $— $— $1,972 
FPL – equity securities
$12 $— $— $12 
Special use funds:(b)
 
NEE: 
Equity securities$2,349 $2,742 
(c)
$199 $5,290 
U.S. Government and municipal bonds$700 $57 $— $757 
Corporate debt securities$3 $620 $— $623 
Asset-backed securities$— $822 $— $822 
Other debt securities$6 $14 $— $20 
FPL: 
Equity securities$863 $2,474 
(c)
$199 $3,536 
U.S. Government and municipal bonds$556 $27 $— $583 
Corporate debt securities$3 $455 $— $458 
Asset-backed securities$— $606 $— $606 
Other debt securities$5 $6 $— $11 
Other investments:(d)
     
NEE:     
Equity securities$50 $— $— $50 
U.S. Government and municipal bonds$288 $3 $— $291 
Corporate debt securities$— $408 $115 $523 
Other debt securities$— $196 $15 $211 
FPL:
Equity securities$9 $— $— $9 
———————————————
(a)Includes restricted cash equivalents of approximately $34 million ($11 million for FPL) in current other assets on the condensed consolidated balance sheets.
(b)Excludes investments accounted for under the equity method and loans not measured at fair value on a recurring basis. See Fair Value of Financial Instruments Recorded at Other than Fair Value below.
(c)Primarily invested in commingled funds whose underlying securities would be Level 1 if those securities were held directly by NEE or FPL.
(d)Included in noncurrent other assets on NEE's and FPL's condensed consolidated balance sheets.
Fair Value, by Balance Sheet Grouping The carrying amounts of commercial paper and other short-term debt approximate their fair values. The carrying amounts and estimated fair values of other financial instruments recorded at other than fair value are as follows:
 March 31, 2024 December 31, 2023 
 Carrying
Amount		 Estimated
Fair Value		 Carrying
Amount		 Estimated
Fair Value		 
 (millions) 
NEE:  
Special use funds(a)
$1,247 $1,248 $1,186 $1,187 
Other receivables, net of allowances(b)
$626 $626 $777 $777 
Long-term debt, including current portion$72,087 $67,997 
(c)
$68,306 

$64,103 
(c)
FPL:     
Special use funds(a)
$884 $885 $856 $856 
Long-term debt, including current portion$24,059 $22,403 
(c)
$25,274 $23,430 
(c)
———————————————
(a)Primarily represents investments accounted for under the equity method and loans not measured at fair value on a recurring basis (Level 2).
(b)Approximately $400 million and $567 million is included in current other assets and $226 million and $210 million is included in noncurrent other assets on NEE's condensed consolidated balance sheets at March 31, 2024 and December 31, 2023, respectively (primarily Level 3).
(c)At March 31, 2024 and December 31, 2023, substantially all is Level 2 for NEE and FPL.
Unrealized Gains (Losses) Recognized On Equity Securities Still Held at The Reporting Date
Unrealized gains recognized on equity securities held at March 31, 2024 and 2023 are as follows:
 NEEFPL
 Three Months Ended March 31,Three Months Ended March 31,
 2024202320242023
 (millions)
Unrealized gains
$430 $273 $288 $180 
Gains and Losses on Available-for-sale Debt Securities
Realized gains and losses and proceeds from the sale or maturity of available for sale debt securities are as follows:
 NEEFPL
 Three Months Ended March 31,Three Months Ended March 31,
 2024202320242023
 (millions)
Realized gains$11 $8 $10 $7 
Realized losses$11 $38 $8 $30 
Proceeds from sale or maturity of securities$564 $428 $432 $299 

The unrealized gains and unrealized losses on available for sale debt securities and the fair value of available for sale debt securities in an unrealized loss position are as follows:
 NEEFPL
 March 31, 2024December 31, 2023March 31, 2024December 31, 2023
 (millions)
Unrealized gains$25 $41 $18 $31 
Unrealized losses(a)
$144 $134 $77 $71 
Fair value$2,134 $1,862 $968 $872 
———————————————
(a)    Unrealized losses on available for sale debt securities in an unrealized loss position for greater than twelve months at March 31, 2024 and December 31, 2023 were not material to NEE or FPL.