v3.25.4
Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Debt Issuances and Borrowings by Subsidiaries
Long-term debt consists of the following:

December 31,
20252024
Maturity
Date		BalanceWeighted-
Average
Interest Rate		BalanceWeighted-
Average
Interest Rate
(millions)(millions)
FPL: 
First mortgage bonds – fixed2028-2066$24,090 4.69 %$21,990 4.41 %
Pollution control, solid waste disposal and industrial development revenue bonds – variable(a)
2027-20541,566 2.68 %1,663 2.98 %
Senior unsecured notes – primarily variable(b)(c)
2026-20743,190 3.88 %3,194 4.30 %
Other long-term debt – fixed
2026-2046147 6.08 %167 6.08 %
Unamortized debt issuance costs and premium/discount
(311)(269)
Total long-term debt of FPL28,682 26,745 
Less current portion of long-term debt641 1,719 
Long-term debt of FPL, excluding current portion28,041 25,026 
NEER: 
   NextEra Energy Resources:
  Senior secured limited-recourse long-term debt – variable(c)(d)
2026-205013,963 5.79 %11,340 6.49 %
       Senior secured limited-recourse long-term debt – fixed
2026-20602,162 5.61 %1,799 5.33 %
Other long-term debt – primarily variable(c)(d)
2027-2044173 8.03 %159 

8.23 %
    NEET – long-term debt – primarily fixed(d)
2027-20552,394 5.29 %2,058 5.35 %
 Unamortized debt issuance costs and premium/discount
(244)(267)
 Total long-term debt of NEER18,448 15,089 
 Less current portion of long-term debt925 700 
 Long-term debt of NEER, excluding current portion17,523 14,389 
NEECH: 
Debentures – fixed(e)
2026-206227,807 4.20 %25,284 4.28 %
Debentures – variable(c)
2026-20281,100 5.00 %600 5.34 %
Debentures, related to NEE's equity units – fixed20293,500 7.27 %5,500 6.30 %
  Junior subordinated debt – fixed(e)
2055-20859,720 5.31 %3,093 5.01 %
  Junior subordinated debt – variable(c)(d)(e)
2054-20673,032 6.64 %2,831 6.75 %
Other long-term debt – fixed(e)
2027-20301,064 2.98 %1,210 2.73 %
Other long-term debt – variable(c)
— 300 5.44 %
 Unamortized debt issuance costs and premium/discount
(297)(206)
Total long-term debt of NEECH45,926 38,612 
Less current portion of long-term debt1,934 5,642 
Long-term debt of NEECH, excluding current portion43,992 32,970 
Long-term debt of NEE, excluding current portion$89,556 $72,385 
______________________
(a)Includes tax exempt bonds that permit individual bondholders to tender the bonds for purchase at any time prior to maturity. In the event these tax exempt bonds are tendered for purchase, they would be remarketed by a designated remarketing agent in accordance with the related indenture. If the remarketing is unsuccessful, FPL would be required to purchase these tax exempt bonds. As of December 31, 2025, these tax exempt bonds totaled approximately $1,566 million. All tax exempt bonds tendered for purchase have been successfully remarketed. FPL's syndicated revolving credit facilities are available to support the purchase of the tax exempt bonds. Variable interest rate is established at various intervals by the remarketing agent.
(b)As of December 31, 2025, includes approximately $1,975 million of floating rate notes that permit individual noteholders to require repayment at specified dates prior to maturity. FPL’s syndicated revolving credit facilities are available to support the purchase of the floating rate notes.
(c)Variable rate is based on an underlying index plus a specified margin.
(d)Interest rate contracts, primarily swaps, have been entered into with respect to certain of these debt issuances. See Note 3.
(e)Foreign currency contracts have been entered into with respect to certain of these debt issuances. See Note 3.