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Non-Derivative Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 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:
 September 30, 2024
 Level 1Level 2 Level 3Total
 (millions)
Assets:     
Cash equivalents and restricted cash equivalents:(a)
     
NEE – equity securities
$1,456 $— $— $1,456 
FPL – equity securities
$113 $— $— $113 
Special use funds:(b)
 
NEE: 
Equity securities$2,626 $3,246 
(c)
$205 $6,077 
U.S. Government and municipal bonds$703 $63 $— $766 
Corporate debt securities$2 $653 $— $655 
Asset-backed securities$— $905 $— $905 
Other debt securities$— $15 $— $15 
FPL:     
Equity securities$1,009 $2,919 
(c)
$205 $4,133 
U.S. Government and municipal bonds$561 $41 $— $602 
Corporate debt securities$1 $478 $— $479 
Asset-backed securities$— $684 $— $684 
Other debt securities$— $9 $— $9 
Other investments:(d)
     
NEE:     
Equity securities$51 $1 $— $52 
U.S. Government and municipal bonds$189 $3 $— $192 
Corporate debt securities$— $731 $142 $873 
Other debt securities$— $287 $53 $340 
FPL:
Equity securities$9 $— $— $9 

———————————————
(a)Includes restricted cash equivalents of approximately $108 million ($100 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:
 September 30, 2024 December 31, 2023 
 Carrying
Amount		 Estimated
Fair Value		 Carrying
Amount		 Estimated
Fair Value		 
 (millions) 
NEE:  
Special use funds(a)
$1,337 $1,338 $1,186 $1,187 
Other receivables, net of allowances(b)
$650 $650 $777 $777 
Long-term debt, including current portion$73,657 $72,495 
(c)
$68,306 

$64,103 
(c)
FPL:     
Special use funds(a)
$918 $918 $856 $856 
Long-term debt, including current portion$26,741 $25,906 
(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 $415 million and $567 million is included in current other assets and $235 million and $210 million is included in noncurrent other assets on NEE's condensed consolidated balance sheets at September 30, 2024 and December 31, 2023, respectively (primarily Level 3).
(c)At September 30, 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 (losses) recognized on equity securities held at September 30, 2024 and 2023 are as follows:
 NEEFPL
 Three Months Ended September 30,Nine Months Ended September 30,Three Months Ended September 30,Nine Months Ended September 30,
 20242023202420232024202320242023
 (millions)
Unrealized gains (losses)
$313 $(180)$857 $396 $206 $(114)$591 $279 
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 September 30,Nine Months Ended September 30,Three Months Ended September 30,Nine Months Ended September 30,
 20242023202420232024202320242023
 (millions)
Realized gains$21 $12 $40 $31 $19 $11 $35 $27 
Realized losses$17 $64 $45 $140 $14 $60 $33 $122 
Proceeds from sale or maturity of securities$597 $781 $1,812 $1,801 $451 $688 $1,390 $1,428 

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
 September 30, 2024December 31, 2023September 30, 2024December 31, 2023
 (millions)
Unrealized gains$64 $41 $37 $31 
Unrealized losses(a)
$85 $134 $44 $71 
Fair value$1,195 $1,862 $639 $872 
———————————————
(a)    Unrealized losses on available for sale debt securities in an unrealized loss position for greater than twelve months at September 30, 2024 and December 31, 2023 were not material to NEE or FPL.