CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 2,812	$ 1,487
Customer receivables, net	4,018	3,336
Other receivables	1,733	1,180
Materials, supplies and fuel inventory	2,420	2,214
Regulatory assets	433	1,417
Derivatives	997	879
Other	1,171	1,438
Total current assets	13,584	11,951
Other assets:
Property, plant and equipment – net	156,197	138,852
Special use funds	10,954	9,800
Investment in equity method investees	5,528	6,118
Prepaid benefit costs	2,868	2,496
Regulatory assets	5,639	4,828
Derivatives	1,998	1,774
Goodwill	4,849	4,866
Other	11,104	9,459
Total other assets	199,137	178,193
TOTAL ASSETS	212,721	190,144
Current liabilities:
Commercial paper	1,955	1,670
Other short-term debt	608	217
Current portion of long-term debt	3,500	8,061
Accounts payable	7,583	6,982
Customer deposits	709	694
Accrued interest and taxes	1,185	1,016
Derivatives	1,113	1,073
Accrued construction-related expenditures	2,966	2,346
Regulatory liabilities	356	279
Other	2,842	3,017
Total current liabilities	22,817	25,355
Other liabilities and deferred credits:
Long-term debt	89,556	72,385
Asset retirement obligations	3,669	3,671
Deferred income taxes	12,359	11,749
Regulatory liabilities	11,474	10,635
Derivatives	2,148	2,008
Other	4,219	3,480
Total other liabilities and deferred credits	123,425	103,928
TOTAL LIABILITIES	146,242	129,283
COMMITMENTS AND CONTINGENCIES
REDEEMABLE NONCONTROLLING INTERESTS – VIEs	0	401
EQUITY
Common stock	21	21
Additional paid-in capital	19,494	17,260
Retained earnings	35,102	32,946
Accumulated other comprehensive loss	(9)	(126)
Total common shareholders' equity	54,608	50,101
Noncontrolling interests	11,871	10,359
TOTAL EQUITY	66,479	60,460
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	212,721	190,144
FPL
Current assets:
Cash and cash equivalents	42	32
Customer receivables, net	1,667	1,400
Other receivables	413	380
Materials, supplies and fuel inventory	1,373	1,309
Regulatory assets	401	1,405
Derivatives	39	31
Other	255	257
Total current assets	4,151	4,783
Other assets:
Electric utility plant and other property – net	81,755	76,166
Special use funds	7,684	6,875
Prepaid benefit costs	2,072	1,954
Regulatory assets	5,405	4,464
Derivatives	1	9
Goodwill	2,965	2,965
Other	1,126	934
Total other assets	101,007	93,358
TOTAL ASSETS	105,158	98,141
Current liabilities:
Commercial paper	1,130	1,430
Current portion of long-term debt	641	1,719
Accounts payable	1,084	996
Customer deposits	685	669
Accrued interest and taxes	470	443
Derivatives	15	3
Accrued construction-related expenditures	1,153	860
Regulatory liabilities	344	273
Other	687	1,105
Total current liabilities	6,194	7,495
Other liabilities and deferred credits:
Long-term debt	28,041	25,026
Asset retirement obligations	2,158	2,276
Deferred income taxes	10,156	9,438
Regulatory liabilities	11,280	10,465
Derivatives	1	4
Other	343	365
Total other liabilities and deferred credits	51,978	47,570
TOTAL LIABILITIES	58,172	55,065
COMMITMENTS AND CONTINGENCIES
EQUITY
Common stock	1,373	1,373
Additional paid-in capital	26,866	26,868
Retained earnings	18,747	14,835
TOTAL EQUITY	46,986	43,076
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY	$ 105,158	$ 98,141