v3.25.4
Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The tables below present information for NEE's two reportable segments, FPL, a rate-regulated utility business, and NEER, which is comprised of competitive energy and regulated transmission businesses. Corporate and Other represents other business activities, includes eliminating entries, and may include the net effect of rounding. FPL has a single reportable segment. See Note 2 for information regarding NEE's and FPL's operating revenues.

NEE's and FPL's chief operating decision maker (CODM) is NEE's chief executive officer. The CODM makes key operating decisions and evaluates the reportable segment's operating results, including net income attributable to NEE, for financial planning, analysis of performance and resource allocation.
Net income attributable to NEE and significant expenses for NEE's reportable segments and the FPL reportable segment are shown below.

December 31, 2025
FPL
NEER
Total
(millions)
Operating revenues$18,262 $8,760 $27,022 
Corporate and Other
390
Total consolidated revenues
$27,412 
Less:
Fuel, purchased power and interchange3,8781,066
Other operations and maintenance1,7712,997
Depreciation and amortization3,7782,738
Taxes other than income taxes and other – net2,016450
Interest expense1,284

1,683
(a)
Income tax expense (benefit)(b)
719(1,140)
Other segment items(c)
1962,009
Net income attributable to NEE for reportable segments5,0122,975$7,987 
Reconciliation of segment profit/(loss)
Corporate and Other(1,152)
Net income attributable to NEE$5,012 $2,975 $6,835 
_________________________
(a)Interest expense allocated from NEECH to NextEra Energy Resources is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.
(b)Includes amounts that were recognized based on the tax sharing agreement with NEE. See Note 1 – Income Taxes.
(c)Other segment items for each reportable segment include:
FPL – Allowance for equity funds used during construction and other – net
NEER – Gains on disposal of businesses/assets – net, equity in losses of equity method investees, allowance for equity funds used during construction, gains on disposal of investments and other property – net, change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net, other – net and net loss attributable to noncontrolling interests

December 31, 2024
FPLNEERTotal
(millions)
Operating revenues$17,019 $7,542 $24,561 
Corporate and Other192
Total consolidated revenues
$24,753 
Less:
Fuel, purchased power and interchange4,188914
Other operations and maintenance1,6092,776
Depreciation and amortization2,8272,577
Taxes other than income taxes and other – net1,904371
Interest expense1,1781,114
(a)
Income tax expense (benefit)(b)
970(655)
Other segment items(c)
2001,854
Net income attributable to NEE for reportable segments4,5432,299$6,842 
Reconciliation of segment profit/(loss)
Corporate and Other104
Net income attributable to NEE$4,543 $2,299 $6,946 
_________________________
(a)Interest expense allocated from NEECH to NextEra Energy Resources is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.
(b)Includes amounts that were recognized based on the tax sharing agreement with NEE. See Note 1 – Income Taxes.
(c)Other segment items for each reportable segment include:
FPL – Allowance for equity funds used during construction and other – net
NEER – Gains on disposal of businesses/assets – net, equity in losses of equity method investees, allowance for equity funds used during construction, gains on disposal of investments and other property – net, change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net, other – net and net loss attributable to noncontrolling interests
December 31, 2023
FPLNEERTotal
(millions)
Operating revenues$18,365 $9,672 $28,037 
Corporate and Other77
Total consolidated revenues
$28,114 
Less:
Fuel, purchased power and interchange4,761795
Other operations and maintenance1,6662,601
Depreciation and amortization3,7892,009
Taxes other than income taxes and other – net1,959301
Interest expense1,1141,129
(a)
Income tax expense (benefit)(b)
1,123177
Other segment items(c)
599898
Net income attributable to NEE for reportable segments4,5523,558$8,110 
Reconciliation of segment profit/(loss)
Corporate and Other(800)
Net income attributable to NEE$4,552 $3,558 $7,310 
_________________________
(a)Interest expense allocated from NEECH to NextEra Energy Resources is based on a deemed capital structure of 70% debt and differential membership interests sold by NextEra Energy Resources' subsidiaries. Residual NEECH corporate interest expense is included in Corporate and Other.
(b)Includes amounts that were recognized based on the tax sharing agreement with NEE. See Note 1 – Income Taxes.
(c)Other segment items for each reportable segment include:
FPL – Gains on disposal of businesses/assets – net, allowance for equity funds used during construction and other – net
NEER – Losses on disposal of businesses/assets – net, equity in losses of equity method investees, allowance for equity funds used during construction, gains on disposal of investments and other property – net, change in unrealized gains (losses) on equity securities held in NEER's nuclear decommissioning funds – net, other – net and net loss attributable to noncontrolling interests

NEE's and FPL's additional segment information is as follows:

2025
FPL
NEER
Total Reportable Segments
Corp. and
Other
Total
Consolidated
(millions)
Gains (losses) on disposal of businesses/assets – net
$1 $268 $269 $(9)$260 
Equity in earnings (losses) of equity method investees$— $(193)$(193)$9 $(184)
Net loss attributable to noncontrolling interests$— $1,503 $1,503 $— $1,503 
Capital expenditures, independent power and other investments and nuclear fuel purchases$8,935 $15,669 $24,604 $2 $24,606 
Property, plant and equipment – net$81,755 $74,287 $156,042 $155 $156,197 
Total assets$105,158 $103,528 $208,686 $4,035 $212,721 
Investment in equity method investees$— $5,509 $5,509 $19 $5,528 

2024
FPL
NEER
Total Reportable Segments
Corp. and
Other
Total
Consolidated
(millions)
Gains (losses) on disposal of businesses/assets – net
$1 $361 $362 $(10)$352 
Equity in earnings (losses) of equity method investees$— $(267)$(267)$21 $(246)
Net loss attributable to noncontrolling interests
$— $1,248 $1,248 $— $1,248 
Capital expenditures, independent power and other investments and nuclear fuel purchases$8,214 $16,392 $24,606 $123 $24,729 
Property, plant and equipment – net
$76,166 $62,526 $138,692 $160 $138,852 
Total assets$98,141 $89,398 $187,539 $2,605 $190,144 
Investment in equity method investees
$— $6,118 $6,118 $— $6,118