v3.26.1
Income Taxes (Tables)
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Reconciliation Between the Effective Income Tax Rates and the Applicable Statutory Rate A reconciliation of the income tax expense (benefit) and effective income tax rates based on the statutory U.S. federal income tax rate is as follows:
 NEE
 Three Months Ended March 31,
 20262025
(millions, except for percentages)
Income taxes at U.S. statutory rate of 21%
$252 21.0 %$(12)21.0 %
Increases (reductions) resulting from:
State income taxes – net of federal income tax benefit
(28)(2.3)17 (29.6)
Nontaxable or nondeductible items:
Taxes attributable to noncontrolling interests103 8.6 78 (136.5)
Amortization of deferred regulatory credit(23)(1.9)(43)75.8 
Other – net
(18)(1.5)(16)27.3 
Clean energy tax credits(a)
(791)(66.0)(540)947.2 
Valuation adjustments
28 2.3 23 (40.1)
Other adjustments – net
(12)(1.0)(28)48.9 
Income tax benefit and effective tax rate
$(489)(40.8)%$(521)914.0 %
______________________
(a)For the three months ended March 31, 2026, includes the impact from ITC amortization utilized as part of FPL's RSM. See Note 11 – Rate Regulation.
 
FPL
 Three Months Ended March 31,
 20262025
(millions, except for percentages)
Income taxes at U.S. statutory rate of 21%
$303 21.0 %$322 21.0 %
Increases (reductions) resulting from: 
State income taxes – net of federal income tax benefit
62 4.3 66 4.3 
Clean energy tax credits(a)
(367)(25.4)(126)(8.2)
Amortization of deferred regulatory credit(13)(0.9)(43)(2.8)
Other adjustments – net
(3)(0.2)(4)(0.3)
Income tax expense (benefit) and effective tax rate
$(18)(1.2)%$215 14.0 %
______________________
(a)For the three months ended March 31, 2026, includes the impact from ITC amortization utilized as part of the RSM. See Note 11 – Rate Regulation.