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Employee Postretirement Benefits - Schedule of Change in Plan Assets (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Change in plan assets      
Employer contributions $ 10 $ 10 $ 15
TECO Energy [Member]      
Change in plan assets      
Fair value of plan assets at beginning of year 686    
Fair value of plan assets at end of year 686 686  
TECO Energy [Member] | Pension Benefits [Member]      
Change in plan assets      
Fair value of plan assets at beginning of year 686 [1] 650  
Actual gain (loss) return on plan assets 41 78  
Employer contributions 16 16  
Employer direct benefit payments 0 7  
Plan participants’ contributions 0 0  
Benefits paid (57) (58)  
Direct benefit payments 0 (1)  
Plan settlement [2] 0 (6)  
Fair value of plan assets at end of year 686 [1] 686 [1] 650
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 gain (loss) return on plan assets [3] 0 0  
Employer contributions [3] 0 0  
Employer direct benefit payments [3] 6 15  
Plan participants’ contributions [3] 4 4  
Benefits paid [3] 0 0  
Direct benefit payments [3] (10) (19)  
Plan settlement [2],[3] 0 0  
Fair value of plan assets at end of year [3] $ 0 [1] $ 0 [1] $ 0
[1] The market-related value of plan assets is used as the basis for calculating the expected return on plan assets component of periodic pension expense. The market-related value 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] Represent amounts for TECO Energy’s Florida-based other postretirement benefit plan.