CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 2,391	$ 1,487
Customer receivables, net of allowances	3,942	3,336
Other receivables	1,498	1,180
Materials, supplies and fuel inventory	2,426	2,214
Regulatory assets	376	1,417
Derivatives	853	879
Other	1,185	1,438
Total current assets	12,671	11,951
Other assets:
Property, plant and equipment – net	150,043	138,852
Special use funds	10,770	9,800
Investment in equity method investees	5,451	6,118
Prepaid benefit costs	2,653	2,496
Regulatory assets	5,175	4,828
Derivatives	1,839	1,774
Goodwill	4,849	4,866
Other	10,903	9,459
Total other assets	191,683	178,193
TOTAL ASSETS	204,354	190,144
Current liabilities:
Commercial paper	4,262	1,670
Other short-term debt	1,100	217
Current portion of long-term debt	3,591	8,061
Accounts payable	4,976	6,982
Customer deposits	702	694
Accrued interest and taxes	1,838	1,016
Derivatives	1,131	1,073
Accrued construction-related expenditures	2,336	2,346
Regulatory liabilities	408	279
Other	2,567	3,017
Total current liabilities	22,911	25,355
Other liabilities and deferred credits:
Long-term debt	84,169	72,385
Asset retirement obligations	3,798	3,671
Deferred income taxes	11,557	11,749
Regulatory liabilities	10,887	10,635
Derivatives	2,378	2,008
Other	4,058	3,480
Total other liabilities and deferred credits	116,847	103,928
TOTAL LIABILITIES	139,758	129,283
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NONCONTROLLING INTERESTS – VIEs	0	401
EQUITY
Common stock	21	21
Additional paid-in capital	19,485	17,260
Retained earnings	34,747	32,946
Accumulated other comprehensive loss	(72)	(126)
Total common shareholders' equity	54,181	50,101
Noncontrolling interests	10,415	10,359
TOTAL EQUITY	64,596	60,460
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	204,354	190,144
Florida Power & Light Company
Current assets:
Cash and cash equivalents	75	32
Customer receivables, net of allowances	2,108	1,400
Other receivables	422	380
Materials, supplies and fuel inventory	1,358	1,309
Regulatory assets	347	1,405
Derivatives	15	31
Other	186	257
Total current assets	4,496	4,783
Other assets:
Electric utility plant and other property – net	80,519	76,166
Special use funds	7,576	6,875
Prepaid benefit costs	2,042	1,954
Regulatory assets	4,828	4,464
Derivatives	2	9
Goodwill	2,965	2,965
Other	1,188	934
Total other assets	99,118	93,358
TOTAL ASSETS	103,614	98,141
Current liabilities:
Commercial paper	909	1,430
Current portion of long-term debt	1,241	1,719
Accounts payable	1,062	996
Customer deposits	679	669
Accrued interest and taxes	1,357	443
Derivatives	10	3
Accrued construction-related expenditures	926	860
Regulatory liabilities	397	273
Other	577	1,105
Total current liabilities	7,148	7,495
Other liabilities and deferred credits:
Long-term debt	26,271	25,026
Asset retirement obligations	2,346	2,276
Deferred income taxes	9,769	9,438
Regulatory liabilities	10,695	10,465
Derivatives	2	4
Other	357	365
Total other liabilities and deferred credits	49,438	47,570
TOTAL LIABILITIES	56,586	55,065
COMMITMENTS AND CONTINGENCIES
EQUITY
Common stock	1,373	1,373
Additional paid-in capital	26,866	26,868
Retained earnings	18,789	14,835
TOTAL EQUITY	47,028	43,076
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 103,614	$ 98,141