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Employee Postretirement Benefits - Schedule of Change in Plan Assets (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Change in plan assets      
Employer contributions $ 15 $ 17 $ 16
TECO Energy [Member]      
Change in plan assets      
Fair value of plan assets at beginning of year 924    
Fair value of plan assets at end of year 650 924  
TECO Energy [Member] | Pension Benefits [Member]      
Change in plan assets      
Fair value of plan assets at beginning of year 924 [1] 903  
Actual return on plan assets (214) 76  
Employer contributions 18 21  
Employer direct benefit payments 5 1  
Plan participants’ contributions 0 0  
Benefits paid (78) (76)  
Direct benefit payments (1) (1)  
Plan settlement [2] (4) 0  
Fair value of plan assets at end of year 650 [1] 924 [1] 903
TECO Energy [Member] | Other Postretirement Benefits [Member]      
Change in plan assets      
Fair value of plan assets at beginning of year [3] 0 [1] 0  
Actual return on plan assets [3] 0 0  
Employer contributions [3] 0 0  
Employer direct benefit payments [3] 13 15  
Plan participants’ contributions [3] 4 4  
Benefits paid [3] 0 0  
Direct benefit payments [3] (17) (19)  
Plan settlement [2],[3] 0 0  
Fair value of plan assets at end of year [3] $ 0 [1] $ 0 [1] $ 0
[1] The MRV of plan assets is used as the basis for calculating the EROA component of periodic pension expense. MRV reflects the fair value of plan assets adjusted for experience gains and losses (i.e. the differences between actual investment returns and expected returns) spread over five years.
[2] Represents TECO Energy’s SERP and Restoration settlement charges as a result of the retirement of certain executives. These charges did impact TEC’s financial statements.
[3] Represents amounts for TECO Energy’s Florida-based other postretirement benefit plan