Equity (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Equity [Abstract] |
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| Schedule of Earnings Per Share, Basic and Diluted |
The reconciliation of NEE's basic and diluted earnings per share attributable to NEE is as follows: | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | | 2025 | | 2024 | | 2023 | | | (millions, except per share amounts) | | | | | | | | | | | | | | | | | | | | Numerator – net income attributable to NEE | $ | 6,835 | | | $ | 6,946 | | | $ | 7,310 | | | | | | | | | Denominator: | | | | | | | Weighted-average number of common shares outstanding – basic | 2,064.5 | | | 2,052.9 | | | 2,026.1 | | Equity units, stock options, performance share awards, restricted stock and exchangeable notes(a) | 6.1 | | | 6.3 | | | 4.7 | | | Weighted-average number of common shares outstanding – assuming dilution | 2,070.6 | | | 2,059.2 | | | 2,030.8 | | | Earnings per share attributable to NEE: | | | | | | | Basic | $ | 3.31 | | | $ | 3.38 | | | $ | 3.61 | | | Assuming dilution | $ | 3.30 | | | $ | 3.37 | | | $ | 3.60 | |
______________________ (a)Calculated primarily using the treasury stock method. Performance share awards are included in diluted weighted-average number of common shares outstanding based upon what would be issued if the end of the reporting period was the end of the term of the award.
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| Nonvested Awards Activity |
The activity in restricted stock and performance share awards for the year ended December 31, 2025 was as follows:
| | | | | | | | | | | | | Shares/Units | | Weighted-
Average
Grant Date
Fair Value
Per Share/Units | | Restricted Stock: | | | | | Nonvested balance, January 1, 2025 | 3,163,775 | | | $ | 68.44 | | | Granted | 1,313,993 | | | $ | 71.18 | | | Vested | (1,322,804) | | | $ | 69.81 | | | Forfeited | (221,576) | | | $ | 76.19 | | | Nonvested balance, December 31, 2025 | 2,933,388 | | | $ | 67.56 | | | Performance Share Awards: | | | | | Nonvested balance, January 1, 2025 | 1,844,728 | | | $ | 61.48 | | | Granted | 1,524,397 | | | $ | 66.79 | | | Vested | (1,167,236) | | | $ | 67.14 | | | Forfeited | (373,413) | | | $ | 68.12 | | | Nonvested balance, December 31, 2025 | 1,828,476 | | | $ | 61.07 | |
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| Assumptions used to estimate fair value of options |
The fair value of the options is estimated on the date of the grant using the Black-Scholes option-pricing model and based on the following assumptions: | | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | Expected volatility(a) | 22.63 – 23.61% | | 21.34 – 22.09% | | 19.72 – 20.57% | | Expected dividends | 2.73 – 2.87% | | 2.55 – 3.02% | | 2.45 – 2.86% | Expected term (years)(b) | 6.6 | | 6.6 | | 6.6 | | Risk-free rate | 3.99 – 4.40% | | 3.79 – 4.43% | | 3.50 – 4.50% |
______________________ (a)Based on historical experience. (b)Based on historical exercise and post-vesting cancellation experience adjusted for outstanding awards.
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| Stock option activity |
Option activity for the year ended December 31, 2025 was as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | Shares
Underlying
Options | | Weighted-
Average
Exercise
Price
Per Share | | Weighted-
Average
Remaining
Contractual
Term
(years) | | Aggregate
Intrinsic
Value
(millions) | | Balance, January 1, 2025 | 10,581,165 | | | $ | 56.54 | | | | | | | Granted | 1,128,542 | | | $ | 69.08 | | | | | | | Exercised | (1,101,436) | | | $ | 34.54 | | | | | | | Forfeited | (96,482) | | | $ | 68.04 | | | | | | | Expired | (2,571) | | | $ | 73.80 | | | | | | | Balance, December 31, 2025 | 10,509,218 | | | $ | 60.08 | | | 5.0 | | $ | 216 | | | | | | | | | | | Exercisable, December 31, 2025 | 8,383,655 | | | $ | 58.64 | | | 4.1 | | $ | 185 | |
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| Schedule of Accumulated Other Comprehensive Income (Loss) |
The components of AOCI, net of tax, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Accumulated Other Comprehensive Income (Loss) | | Net Unrealized Gains (Losses) on Cash Flow Hedges | | Net Unrealized
Gains (Losses)
on Available for
Sale Securities | | Defined Benefit
Pension and
Other Benefits
Plans | | Net Unrealized
Gains (Losses)
on Foreign
Currency
Translation | | Other
Comprehensive
Income
Related to Equity
Method Investees | | Total | | (millions) | | Balances, December 31, 2022 | $ | 20 | | | $ | (69) | | | $ | (101) | | | $ | (74) | | | $ | 6 | | | $ | (218) | | | Other comprehensive income before reclassifications | — | | | 17 | | | 21 | | | 13 | | | 1 | | | 52 | | Amounts reclassified from AOCI | 2 | | (a) | 13 | | (b) | 1 | | (c) | — | | | — | | | 16 | | | Net other comprehensive income | 2 | | | 30 | | | 22 | | | 13 | | | 1 | | | 68 | | | Less other comprehensive income attributable to noncontrolling interests | — | | | — | | | — | | | (3) | | | — | | | (3) | | | | | | | | | | | | | | | | | | | | | | | | | | | Balances, December 31, 2023 | 22 | | | (39) | | | (79) | | | (64) | | | 7 | | | (153) | | | Other comprehensive income (loss) before reclassifications | — | | | (3) | | | 60 | | | (27) | | | 1 | | | 31 | | Amounts reclassified from AOCI | 1 | | (a) | 5 | | (b) | — | | | — | | | — | | | 6 | | | Net other comprehensive income (loss) | 1 | | | 2 | | | 60 | | | (27) | | | 1 | | | 37 | | | Less other comprehensive income attributable to noncontrolling interests | — | | | — | | | — | | | (10) | | | — | | | (10) | | | | | | | | | | | | | | | | | | | | | | | | | | | Balances, December 31, 2024 | 23 | | | (37) | | | (19) | | | (101) | | | 8 | | | (126) | | | Other comprehensive income before reclassifications | — | | | 31 | | | 52 | | | 29 | | | 3 | | | 115 | | Amounts reclassified from AOCI | (4) | | (a) | 6 | | (b) | — | | | — | | | — | | | 2 | | | Net other comprehensive income (loss) | (4) | | | 37 | | | 52 | | | 29 | | | 3 | | | 117 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balances, December 31, 2025 | $ | 19 | | | $ | — | | | $ | 33 | | | $ | (72) | | | $ | 11 | | | $ | (9) | | | | | | | | | | | | | | | | | | | | | | | | | |
______________________ (a)Reclassified to interest expense in NEE's consolidated statements of income. See Note 3 – Income Statement Impact of Derivative Instruments. (b)Reclassified to gains on disposal of investments and other property – net in NEE's consolidated statements of income. (c)Reclassified to other net periodic benefit income in NEE's consolidated statements of income.
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