Document And Entity Information - $ / shares |
9 Months Ended | |
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Sep. 30, 2018 |
Dec. 31, 2017 |
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Document and Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2018 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | AES | |
Entity Registrant Name | AES CORP | |
Entity Central Index Key | 0000874761 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Common Stock, Shares Outstanding | 662,297,479 | |
Common Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 |
Condensed Consolidated Statements of Operations Condensed Consolidated Statement of Operations (parentheticals) - USD ($) $ in Millions |
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Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
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Discontinued Operation, Tax Effect of Discontinued Operation | $ 0 | $ 17 | $ 2 | $ 24 |
Discontinued Operations, Disposed of by Sale [Member] | ||||
Discontinued Operation, Tax Effect of Discontinued Operation | $ 2 | $ 0 | $ 44 | $ 0 |
Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
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Statement of Comprehensive Income [Abstract] | ||||
Foreign currency translation adjustments, income tax benefit | $ 2 | $ 1 | $ 3 | $ 0 |
Foreign currency reclassification to earnings, net of income tax (expense) benefit | 0 | 0 | 0 | 0 |
Change in derivative fair value, net of income tax (expense) benefit | (3) | (6) | (3) | 15 |
Derivative reclassification to earnings, net of income tax (expense) benefit | (7) | 5 | (15) | (6) |
Pension, Reclassifications to Earnings, Net of Income Tax (expense) benefit | $ 0 | $ (4) | $ (2) | $ (10) |
Financial Statement Presentation |
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FINANCIAL STATEMENT PRESENTATION | FINANCIAL STATEMENT PRESENTATION The prior period condensed consolidated financial statements in this Quarterly Report on Form 10-Q (“Form 10-Q”) have been reclassified to reflect the businesses classified as discontinued operations as discussed in Note 16—Discontinued Operations. Certain prior period amounts have been reclassified to comply with newly adopted accounting standards. See further detail in the new accounting pronouncements discussion. Consolidation — In this Quarterly Report the terms “AES,” “the Company,” “us” or “we” refer to the consolidated entity, including its subsidiaries and affiliates. The terms “The AES Corporation” or “the Parent Company” refer only to the publicly held holding company, The AES Corporation, excluding its subsidiaries and affiliates. Furthermore, VIEs in which the Company has a variable interest have been consolidated where the Company is the primary beneficiary. Investments in which the Company has the ability to exercise significant influence, but not control, are accounted for using the equity method of accounting. All intercompany transactions and balances have been eliminated in consolidation. Interim Financial Presentation — The accompanying unaudited condensed consolidated financial statements and footnotes have been prepared in accordance with GAAP, as contained in the FASB ASC, for interim financial information and Article 10 of Regulation S-X issued by the SEC. Accordingly, they do not include all the information and footnotes required by GAAP for annual fiscal reporting periods. In the opinion of management, the interim financial information includes all adjustments of a normal recurring nature necessary for a fair presentation of the results of operations, financial position, comprehensive income, and cash flows. The results of operations for the three and nine months ended September 30, 2018, are not necessarily indicative of expected results for the year ending December 31, 2018. The accompanying condensed consolidated financial statements are unaudited and should be read in conjunction with the 2017 audited consolidated financial statements and notes thereto, which are included in the 2017 Form 10-K filed with the SEC on February 26, 2018 (the “2017 Form 10-K”). Cash, Cash Equivalents, and Restricted Cash — The following table provides a summary of cash, cash equivalents, and restricted cash amounts reported on the Condensed Consolidated Balance Sheet that reconcile to the total of such amounts as shown on the Condensed Consolidated Statements of Cash Flows (in millions):
New Accounting Pronouncements Adopted in 2018 — The following table provides a brief description of recent accounting pronouncements that had an impact on the Company’s consolidated financial statements. Accounting pronouncements not listed below were assessed and determined to be either not applicable or did not have a material impact on the Company’s consolidated financial statements.
On January 1, 2018, the Company adopted ASU 2014-09, "Revenue from Contracts with Customers," and its subsequent corresponding updates ("ASC 606"). Under this standard, an entity shall recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company applied the modified retrospective method of adoption to the contracts that were not completed as of January 1, 2018. Results for reporting periods beginning January 1, 2018 are presented under ASC 606, while prior period amounts were not adjusted and continue to be reported in accordance with the previous revenue recognition standard. For contracts that were modified before January 1, 2018, the Company reflected the aggregate effect of all modifications when identifying the satisfied and unsatisfied performance obligations, determining the transaction price and allocating the transaction price. The cumulative effect to our January 1, 2018 Condensed Consolidated Balance Sheet resulting from the adoption of ASC 606 was as follows (in millions):
The Mong Duong II power plant in Vietnam is the primary driver of changes in revenue recognition under the new standard. This plant is operated under a build, operate, and transfer contract and will be transferred to the Vietnamese government after the completion of a 25-year PPA. Under the previous revenue recognition standard, construction costs were deferred to a service concession asset, which was expensed in proportion to revenue recognized for the construction element over the term of the PPA. Under ASC 606, construction revenue and associated costs are recognized as construction activity occurs. As construction of the plant was substantially completed in 2015, revenues and costs associated with the construction were recognized through retained earnings, and the service concession asset was derecognized. A loan receivable was recognized for the future expected payments for the construction performance obligation. As the payments for the construction performance obligation occur over a 25-year term, a significant financing element was determined to exist which is accounted for under the effective interest rate method. The other performance obligation to operate and maintain the facility is measured based on the capacity made available. The impact to our Condensed Consolidated Balance Sheet as of September 30, 2018 resulting from the adoption of ASC 606 as compared to the previous revenue recognition standard was as follows (in millions):
The impact to our Condensed Consolidated Statement of Operations for the three and six months ended September 30, 2018 resulting from the adoption of ASC 606 as compared to the previous revenue recognition standard was as follows (in millions):
New Accounting Pronouncements Issued But Not Yet Effective — The following table provides a brief description of recent accounting pronouncements that could have a material impact on the Company’s consolidated financial statements once adopted. Accounting pronouncements not listed below were assessed and determined to be either not applicable or are expected to have no material impact on the Company’s consolidated financial statements.
ASU 2016-02 and its subsequent corresponding updates will require lessees to recognize assets and liabilities for most leases, and recognize expenses in a manner similar to the current accounting method. For lessors, the guidance modifies the lease classification criteria and the accounting for sales-type and direct financing leases. The guidance also eliminates the current real estate-specific provisions. The standard must be adopted using a modified retrospective approach at the beginning of the earliest comparative period presented in the financial statements (January 1, 2017). The FASB amended the standard to add an optional transition method that allows entities to continue to apply the guidance in ASC 840 Leases in the comparative periods presented in the year they adopt the new lease standard. Under this transition method, the Company will apply the transition provisions on January 1, 2019. At transition, lessees and lessors are permitted to make an election to apply a package of practical expedients that allow them not to reassess: (1) whether any expired or existing contracts are or contain leases, (2) lease classification for any expired or existing leases, and (3) whether initial direct costs for any expired or existing leases qualify for capitalization under ASC 842. These three practical expedients must be elected as a package and must be consistently applied to all leases. Furthermore, entities are also permitted to make an election to use hindsight when determining lease term and lessees can elect to use hindsight when assessing the impairment of right-of-use assets. The Company has established a task force focused on the identification of contracts that would be under the scope of the new standard and on the assessment and measurement of the right-of-use asset and related liability. Additionally, the implementation team has been working on the configuration of a lease accounting tool that will support the implementation and the subsequent accounting. The implementation of this tool is in the latest phase and it is expected to be completed by the effective date. The implementation team is also in the process of evaluating changes to our business processes, systems and controls to support recognition and disclosure under the new standard. The Company has preliminarily concluded that it will use the package of practical expedients at transition. The main impact expected as of the effective date is the recognition of right-of-use assets and related liabilities for all contracts that contain a lease and for which the Company is the lessee. However, the income statement presentation and the expense recognition pattern are not expected to change. Under ASC 842, it is expected that fewer contracts will contain a lease. However, due to the elimination of today's real estate-specific guidance and changes to certain lessor classification criteria, more leases will qualify as sales-type leases and direct financing leases. Under these two models, a lessor will derecognize the asset and will recognize a lease receivable. According to ASC 842, the lease receivable does not include variable payments that depend on the use of the asset (e.g. Mwh produced by a facility). Therefore, the lease receivable could be lower than the carrying amount of the underlying asset at lease commencement. In such circumstances, the difference between the initially recognized lease receivable and the carrying amount of the underlying asset is recognized as a loss at lease commencement. The Company is assessing how this guidance will apply to new renewable contracts executed or modified after the effective date where all the payments are contingent on the level of production and is also evaluating the related impact to the allocation of earnings under HLBV accounting.
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Inventory |
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Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||
INVENTORY | INVENTORY The following table summarizes the Company’s inventory balances as of the periods indicated (in millions):
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Fair Value |
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FAIR VALUE | FAIR VALUE The fair value of current financial assets and liabilities, debt service reserves and other deposits approximate their reported carrying amounts. The estimated fair values of the Company’s assets and liabilities have been determined using available market information. By virtue of these amounts being estimates and based on hypothetical transactions to sell assets or transfer liabilities, the use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. For further information on our valuation techniques and policies, see Note 4—Fair Value in Item 8.—Financial Statements and Supplementary Data of our 2017 Form 10-K. Recurring Measurements — The following table presents, by level within the fair value hierarchy, the Company’s financial assets and liabilities that were measured at fair value on a recurring basis as of the dates indicated (in millions). For the Company’s investments in marketable debt securities, the security classes presented are determined based on the nature and risk of the security and are consistent with how the Company manages, monitors and measures its marketable securities:
As of September 30, 2018, all AFS debt securities had stated maturities within one year. For the three and nine months ended September 30, 2018 and 2017, no other-than-temporary impairments of marketable securities were recognized in earnings or Other Comprehensive Income. Gains and losses on the sale of investments are determined using the specific-identification method. The following table presents gross proceeds from the sale of AFS securities during the periods indicated (in millions):
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The following tables present a reconciliation of net derivative assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2018 and 2017 (presented net by type of derivative in millions). Transfers between Level 3 and Level 2 are determined as of the end of the reporting period and principally result from changes in the significance of unobservable inputs used to calculate the credit valuation adjustment.
The following table summarizes the significant unobservable inputs used for Level 3 derivative assets (liabilities) as of September 30, 2018 (in millions, except range amounts):
For interest rate derivatives and foreign currency derivatives, increases (decreases) in the estimates of the Company’s own credit spreads would decrease (increase) the value of the derivatives in a liability position. For foreign currency derivatives, increases (decreases) in the estimate of the above exchange rate would increase (decrease) the value of the derivative. Nonrecurring Measurements The Company measures fair value using the applicable fair value measurement guidance. Impairment expense is measured by comparing the fair value at the evaluation date to the then-latest available carrying amount. The following table summarizes our major categories of assets measured at fair value on a nonrecurring basis and their level within the fair value hierarchy (in millions):
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When determining the fair value of the U.S. generation facility’s long-lived assets, the Company used the market approach based on prices and unobservable inputs from transactions involving comparable assets as the inputs for the Level 3 nonrecurring measurement. Asset Retirement Obligation — During the nine months ended September 30, 2018, the Company increased the asset retirement obligation at IPL by $53 million. This increase was due to ash pond closure costs and revised closure dates associated with an EPA rule regulating CCR and additional coal pile remediation costs. The Company uses the cost approach to determine the fair value of ARO liabilities, which is estimated by discounting expected cash outflows to their present value using market based rates at the initial recording of the liabilities. Cash outflows are based on the approximate future disposal costs as determined by market information, historical information or other management estimates. These inputs to the fair value of the ARO liabilities would be considered Level 3 inputs under the fair value hierarchy. Financial Instruments not Measured at Fair Value in the Condensed Consolidated Balance Sheets The following table presents (in millions) the carrying amount, fair value and fair value hierarchy of the Company’s financial assets and liabilities that are not measured at fair value in the Condensed Consolidated Balance Sheets as of September 30, 2018 and December 31, 2017, but for which fair value is disclosed:
_____________________________ (1) These amounts primarily relate to amounts due from CAMMESA, the administrator of the wholesale electricity market in Argentina, and are included in Other noncurrent assets in the accompanying Condensed Consolidated Balance Sheets. The fair value and carrying amount of these receivables exclude VAT of $14 million and $31 million as of September 30, 2018 and December 31, 2017, respectively.
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Derivative Instruments and Hedging Activities |
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES | DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES For further information on the derivative and hedging accounting policies see Note 1—General and Summary of Significant Accounting Policies—Derivatives and Hedging Activities of Item 8.—Financial Statements and Supplementary Data in the 2017 Form 10-K. Volume of Activity — The following table presents the Company’s maximum notional (in millions) over the remaining contractual period by type of derivative as of September 30, 2018, regardless of whether they are in qualifying cash flow hedging relationships, and the dates through which the maturities for each type of derivative range:
Accounting and Reporting — Assets and Liabilities — The following tables present the fair value of assets and liabilities related to the Company’s derivative instruments as of September 30, 2018 and December 31, 2017 (in millions):
As of September 30, 2018, all derivative instruments subject to credit risk-related contingent features were in an asset position.
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Earnings and Other Comprehensive Income (Loss) — The next table presents (in millions) the pre-tax gains (losses) recognized in AOCL and earnings related to all derivative instruments for the periods indicated:
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Financing Receivables |
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Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
FINANCING RECEIVABLES | FINANCING RECEIVABLES Receivables with contractual maturities of greater than one year are considered financing receivables. The Company’s financing receivables are primarily related to amended agreements or government resolutions that are due from CAMMESA, the administrator of the wholesale electricity market in Argentina. The following table presents financing receivables by country as of the dates indicated (in millions):
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Investment In and Advances To Affiliates |
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Investments in and Advances to Affiliates, Schedule of Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INVESTMENTS IN AND ADVANCES TO AFFILIATES | INVESTMENTS IN AND ADVANCES TO AFFILIATES Summarized Financial Information — The following table summarizes financial information of the Company’s 50%-or-less-owned affiliates that are accounted for using the equity method (in millions):
Simple Energy — In April 2018, the Company invested $35 million in Simple Energy, a provider of utility-branded marketplaces and omni-channel instant rebates. As the Company does not control Simple Energy, the investment is accounted for as an equity method investment and is reported as part of Corporate and Other. Fluence — On January 1, 2018, Siemens and AES closed on the creation of the Fluence joint venture with each party holding a 50% ownership interest. The Company contributed $7 million in cash and $20 million in non-cash assets from the AES Advancion energy storage development business as consideration for the transaction, and received an equity interest in Fluence with a fair value of $50 million. See Note 17—Held-for-Sale and Dispositions for further discussion. Fluence is a global energy storage technology and services company. As the Company does not control Fluence, the investment is accounted for as an equity method investment. The Fluence equity method investment is reported as part of Corporate and Other. sPower — In February 2017, the Company and Alberta Investment Management Corporation (“AIMCo”) entered into an agreement to acquire FTP Power LLC (“sPower”). In July 2017, AES closed on the acquisition of its 48% ownership interest in sPower for $461 million. In November 2017, AES acquired an additional 2% ownership interest in sPower for $19 million. As the Company does not control sPower, the investment is accounted for as an equity method investment. The sPower portfolio includes solar and wind projects in operation, under construction, and in development located in the United States. The sPower equity method investment is reported in the US and Utilities SBU reportable segment.
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Debt |
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Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DEBT | DEBT Recourse Debt In March 2018, the Company repurchased via tender offers $671 million aggregate principal of its existing 5.50% senior unsecured notes due in 2024 and $29 million of its existing 5.50% senior unsecured notes due in 2025. As a result of these transactions, the Company recognized a loss on extinguishment of debt of $44 million for the nine months ended September 30, 2018. In March 2018, the Company issued $500 million aggregate principal of 4.00% senior notes due in 2021 and $500 million of 4.50% senior notes due in 2023. The Company used the proceeds from these issuances to repurchase via tender offer in full the $228 million balance of its 8.00% senior notes due in 2020 and the $690 million million balance of its 7.375% senior notes due in 2021. As a result of these transactions, the Company recognized a loss on extinguishment of debt of $125 million for the nine months ended September 30, 2018. In August 2017, the Company issued $500 million aggregate principal amount of 5.125% senior notes due in 2027. The Company used these proceeds to redeem at par $240 million aggregate principal of its existing LIBOR + 3.00% senior unsecured notes due in 2019 and repurchased $217 million of its existing 8.00% senior unsecured notes due in 2020. As a result of the latter transactions, the Company recognized a loss on extinguishment of debt of $36 million for the nine months ended September 30, 2017. In May 2017, the Company closed on $525 million aggregate principal LIBOR + 2.00% secured term loan due in 2022. In June 2017, the Company used these proceeds to redeem at par all $517 million aggregate principal of its existing Term Convertible Securities. As a result of the latter transaction, the Company recognized a net loss on extinguishment of debt of $6 million for the three and six months ended September 30, 2017. In March 2017, the Company repurchased via tender offers $276 million aggregate principal of its existing 7.375% senior unsecured notes due in 2021 and $24 million of its existing 8.00% senior unsecured notes due in 2020. As a result of these transactions, the Company recognized a loss on extinguishment of debt of $47 million for the nine months ended September 30, 2017. Non-Recourse Debt During the nine months ended September 30, 2018, the Company’s subsidiaries had the following significant debt transactions:
AES Argentina — In February 2017, AES Argentina issued $300 million aggregate principal of unsecured and unsubordinated notes due in 2024. The net proceeds from this issuance were used for the prepayment of $75 million of non-recourse debt related to the construction of the San Nicolas Plant resulting in a gain on extinguishment of debt of approximately $65 million. Non-Recourse Debt in Default — The current portion of non-recourse debt includes the following subsidiary debt in default as of September 30, 2018 (in millions).
The above defaults are not payment defaults. All of the subsidiary non-recourse debt defaults were triggered by failure to comply with covenants and/or other conditions such as (but not limited to) failure to meet information covenants, complete construction or other milestones in an allocated time, meet certain minimum or maximum financial ratios, or other requirements contained in the non-recourse debt documents of the applicable subsidiary. The AES Corporation’s recourse debt agreements include cross-default clauses that will trigger if a subsidiary or group of subsidiaries for which the non-recourse debt is in default provides more than 20% or more of the Parent Company’s total cash distributions from businesses for the four most recently completed fiscal quarters. As of September 30, 2018, the Company had no defaults which resulted in or were at risk of triggering a cross-default under the recourse debt of the Parent Company. In the event the Parent Company is not in compliance with the financial covenants of its senior secured revolving credit facility, restricted payments will be limited to regular quarterly shareholder dividends at the then-prevailing rate. Payment defaults and bankruptcy defaults would preclude the making of any restricted payments.
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Contingencies and Commitments |
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Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CONTINGENCIES AND COMMITMENTS | COMMITMENTS AND CONTINGENCIES Guarantees, Letters of Credit and Commitments — In connection with certain project financings, acquisitions and dispositions, power purchases and other agreements, the Parent Company has expressly undertaken limited obligations and commitments, most of which will only be effective or will be terminated upon the occurrence of future events. In the normal course of business, the Parent Company has entered into various agreements, mainly guarantees and letters of credit, to provide financial or performance assurance to third parties on behalf of AES businesses. These agreements are entered into primarily to support or enhance the creditworthiness otherwise achieved by a business on a stand-alone basis, thereby facilitating the availability of sufficient credit to accomplish their intended business purposes. Most of the contingent obligations relate to future performance commitments which the Company or its businesses expect to fulfill within the normal course of business. The expiration dates of these guarantees vary from less than one year to more than 18 years. The following table summarizes the Parent Company’s contingent contractual obligations as of September 30, 2018. Amounts presented in the following table represent the Parent Company’s current undiscounted exposure to guarantees and the range of maximum undiscounted potential exposure. The maximum exposure is not reduced by the amounts, if any, that could be recovered under the recourse or collateralization provisions in the guarantees.
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During the nine months ended September 30, 2018, the Company paid letter of credit fees ranging from 1% to 3% per annum on the outstanding amounts of letters of credit. Contingencies Environmental — The Company periodically reviews its obligations as they relate to compliance with environmental laws, including site restoration and remediation. For each period ended September 30, 2018 and December 31, 2017, the Company had recognized liabilities of $5 million for projected environmental remediation costs. Due to the uncertainties associated with environmental assessment and remediation activities, future costs of compliance or remediation could be higher or lower than the amount currently accrued. Moreover, where no liability has been recognized, it is reasonably possible that the Company may be required to incur remediation costs or make expenditures in amounts that could be material but could not be estimated as of September 30, 2018. In aggregate, the Company estimates the range of potential losses, where estimable, related to environmental matters to be up to $16 million. The amounts considered reasonably possible do not include amounts accrued as discussed above. Litigation — The Company is involved in certain claims, suits and legal proceedings in the normal course of business. The Company accrues for litigation and claims when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. The Company has recognized aggregate liabilities for all claims of approximately $48 million and $50 million as of September 30, 2018 and December 31, 2017, respectively. These amounts are reported on the Condensed Consolidated Balance Sheets within Accrued and other liabilities and Other noncurrent liabilities. A significant portion of these accrued liabilities relate to regulatory matters and commercial disputes in international jurisdictions. There can be no assurance that these accrued liabilities will be adequate to cover all existing and future claims or that we will have the liquidity to pay such claims as they arise. Where no accrued liability has been recognized, it is reasonably possible that some matters could be decided unfavorably to the Company and could require the Company to pay damages or make expenditures in amounts that could be material but could not be estimated as of September 30, 2018. The material contingencies where a loss is reasonably possible primarily include disputes with offtakers, suppliers and EPC contractors; alleged violation of laws and regulations; income tax and non-income tax matters with tax authorities; and regulatory matters. In aggregate, the Company estimates the range of potential losses, where estimable, related to these reasonably possible material contingencies to be between $99 million and $127 million. The amounts considered reasonably possible do not include the amounts accrued, as discussed above. These material contingencies do not include income tax-related contingencies which are considered part of our uncertain tax positions.
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Redeemable Stocks of Subsidiaries (Notes) |
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Redeemable Stock of Subsidiaries [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Redeemable Noncontrolling Interest [Table Text Block] | REDEEMABLE STOCK OF SUBSIDIARIES The following table summarizes the Company’s redeemable stock of subsidiaries balances as of the periods indicated (in millions):
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Equity |
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Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EQUITY | EQUITY Changes in Equity — The following table is a reconciliation of the beginning and ending equity attributable to stockholders of The AES Corporation, NCI and total equity as of the periods indicated (in millions):
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Equity Transactions with Noncontrolling Interests Dominican Republic — On September 28, 2017, Linda Group, an investor-based group in the Dominican Republic acquired an additional 5% of our Dominican Republic business for $60 million, pre-tax. This transaction resulted in a net increase of $25 million to the Company’s additional paid-in capital and noncontrolling interest, respectively. No gain or loss was recognized in net income as the sale was not considered a sale of in-substance real estate. As the Company maintained control after the sale, our businesses in the Dominican Republic continue to be consolidated by the Company within the MCAC SBU reportable segment. Alto Maipo — On March 17, 2017, AES Gener completed the legal and financial restructuring of Alto Maipo. As part of this restructuring, AES indirectly acquired the 40% ownership interest of the noncontrolling shareholder, for a de minimis payment, and sold a 6.7% interest in the project to the construction contractor. This transaction resulted in a $196 million increase to the Parent Company’s Stockholders’ Equity due to an increase in additional-paid-in capital of $229 million, offset by the reclassification of accumulated other comprehensive losses from NCI to the Parent Company Stockholders’ Equity of $33 million. No gain or loss was recognized in net income as the sale was not considered to be a sale of in-substance real estate. After completion of the sale, the Company has an effective 62% economic interest in Alto Maipo. As the Company maintained control of the partnership after the sale, Alto Maipo continues to be consolidated by the Company within the South America SBU reportable segment. Accumulated Other Comprehensive Loss — The following table summarizes the changes in AOCL by component, net of tax and NCI, for the nine months ended September 30, 2018 (in millions):
Reclassifications out of AOCL are presented in the following table. Amounts for the periods indicated are in millions and those in parentheses indicate debits to the Condensed Consolidated Statements of Operations:
Common Stock Dividends — The Parent Company paid dividends of $0.13 per outstanding share to its common stockholders during the first, second and third quarters of 2018 for dividends declared in December 2017, February and July 2018, respectively. On October 5, 2018, the Board of Directors declared a quarterly common stock dividend of $0.13 per share payable on November 15, 2018, to shareholders of record at the close of business on November 1, 2018.
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Segments |
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Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SEGMENTS | SEGMENTS The segment reporting structure uses the Company’s management reporting structure as its foundation to reflect how the Company manages the businesses internally and is mainly organized by geographic regions, which provides a socio-political-economic understanding of our business. During the first quarter of 2018, the Andes and Brazil SBUs were merged in order to leverage scale and are now reported together as part of the South America SBU. Further, Puerto Rico and El Salvador businesses, formerly part of the MCAC SBU, were combined with the US SBU, which is now reported as the US and Utilities SBU. The management reporting structure is organized by four SBUs led by our President and Chief Executive Officer: US and Utilities, South America, MCAC, and Eurasia SBUs. Using the accounting guidance on segment reporting, the Company determined that its four operating segments are aligned with its four reportable segments corresponding to its SBUs. All prior period results have been retrospectively revised to reflect the new segment reporting structure. Corporate and Other — The results of the Fluence and Simple Energy equity affiliates are included in “Corporate and Other.” Also included are the results of the AES self-insurance company and corporate overhead costs which are not directly associated with the operations of our four reportable segments, and certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation. The Company uses Adjusted PTC as its primary segment performance measure. Adjusted PTC, a non-GAAP measure, is defined by the Company as pre-tax income from continuing operations attributable to The AES Corporation excluding gains or losses of the consolidated entity due to (a) unrealized gains or losses related to derivative transactions and equity securities; (b) unrealized foreign currency gains or losses; (c) gains, losses, benefits and costs associated with dispositions and acquisitions of business interests, including early plant closures; (d) losses due to impairments; (e) gains, losses and costs due to the early retirement of debt; and (f) costs directly associated with a major restructuring program, including, but not limited to, workforce reduction efforts, relocations, and office consolidation. Adjusted PTC also includes net equity in earnings of affiliates on an after-tax basis adjusted for the same gains or losses excluded from consolidated entities. The Company has concluded that Adjusted PTC better reflects the underlying business performance of the Company and is the most relevant measure considered in the Company’s internal evaluation of the financial performance of its segments. Additionally, given its large number of businesses and complexity, the Company concluded that Adjusted PTC is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the Company’s results. Revenue and Adjusted PTC are presented before inter-segment eliminations, which includes the effect of intercompany transactions with other segments except for interest, charges for certain management fees, and the write-off of intercompany balances, as applicable. All intra-segment activity has been eliminated within the segment. Inter-segment activity has been eliminated within the total consolidated results. The following tables present financial information by segment for the periods indicated (in millions):
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Revenue from Contracts with Customers [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue from Contract with Customer [Text Block] | REVENUE Revenue is earned from the sale of electricity from our utilities and the production and sale of electricity and capacity from our generation facilities. Revenue is recognized upon the transfer of control of promised goods or services to customers in an amount that reflects the consideration to which we expect to be entitled in exchange for those goods or services. Revenue is recorded net of any taxes assessed on and collected from customers, which are remitted to the governmental authorities. Utilities — Our utilities sell electricity directly to end-users, such as homes and businesses, and bill customers directly. The majority of our utility contracts have a single performance obligation, as the promises to transfer energy, capacity, and other distribution and/or transmission services are not distinct. Additionally, as the performance obligation is satisfied over time as energy is delivered, and the same method is used to measure progress, the performance obligation meets the criteria to be considered a series. Utility revenue is classified as regulated on the Condensed Consolidated Statements of Operations. In exchange for the right to sell or distribute electricity in a service territory, our utility businesses are subject to government regulation. This regulation sets the framework for the prices (“tariffs”) that our utilities are allowed to charge customers for electricity. Since tariffs are determined by the regulator, the price that our utilities have the right to bill corresponds directly with the value to the customer of the utility's performance completed in each period. The Company also has some month-to-month contracts. Revenue under these contracts is recognized using an output method measured by the MWh delivered each month, which best depicts the transfer of goods or services to the customer, at the approved tariff. The Company has businesses where it sells and purchases power to and from ISOs and RTOs. Our utility businesses generally purchase power to satisfy the demand of customers that is not contracted through separate PPAs. In these instances, the Company accounts for these transactions on a net hourly basis because the transactions are settled on a net hourly basis. In limited situations, a utility customer may choose to receive generation services from a third-party provider, in which case the Company may serve as a billing agent for the provider and recognize revenue on a net basis. Generation — Most of our generation fleet sells electricity under contracts to customers such as utilities, industrial users, and other intermediaries. Our generation contracts, based on specific facts and circumstances, can have one or more performance obligations as the promise to transfer energy, capacity, and other services may or may not be distinct depending on the nature of the market and terms of the contract. Similar to our utilities businesses, as the performance obligations are generally satisfied over time and use the same method to measure progress, the performance obligations meet the criteria to be considered a series. In measuring progress toward satisfaction of a performance obligation, the Company applies the "right to invoice" practical expedient when available, and recognizes revenue in the amount to which the Company has a right to consideration from a customer that corresponds directly with the value of the performance completed to date. Revenue from generation businesses is classified as non-regulated on the Condensed Consolidated Statements of Operations. For contracts determined to have multiple performance obligations, we allocate revenue to each performance obligation based on its relative standalone selling price using a market or expected cost plus margin approach. Additionally, the Company allocates variable consideration to one or more, but not all, distinct goods or services that form part of a single performance obligation when (1) the variable consideration relates specifically to the efforts to transfer the distinct good or service and (2) the variable consideration depicts the amount to which the Company expects to be entitled in exchange for transferring the promised good or service to the customer. Revenue from generation contracts is recognized using an output method, as energy and capacity delivered best depicts the transfer of goods or services to the customer. Performance obligations including energy or ancillary services (such as operations and maintenance and dispatch services) are generally measured by the MWh delivered. Capacity, which is a stand-ready obligation to deliver energy when required by the customer, is measured using MWs. In certain contracts, if plant availability exceeds a contractual target, the Company may receive a performance bonus payment, or if the plant availability falls below a guaranteed minimum target, we may incur a non-availability penalty. Such bonuses or penalties represent a form of variable consideration and are estimated and recognized when it is probable that there will not be a significant reversal. In assessing whether variable quantities are considered variable consideration or an option to acquire additional goods and services, the Company evaluates the nature of the promise and the legally enforceable rights in the contract. In some contracts, such as requirement contracts, the legally enforceable rights merely give the customer a right to purchase additional goods and services which are distinct. In these contracts, the customer's action results in a new obligation, and the variable quantities are considered an option. When energy or capacity is sold or purchased in the spot market or to ISOs, the Company assesses the facts and circumstances to determine gross versus net presentation of spot revenues and purchases. Generally, the nature of the performance obligation is to sell surplus energy or capacity above contractual commitments, or to purchase energy or capacity to satisfy deficits. Generally, on an hourly basis, a generator is either a net seller or a net buyer in terms of the amount of energy or capacity transacted with the ISO. In these situations, the Company recognizes revenue for the hours where the generator is a net seller and cost of sales for the hours where the generator is a net buyer. Certain generation contracts contain operating leases where capacity payments are generally considered the lease elements. In such cases, the allocation between the lease and non-lease elements is made at the inception of the lease following the guidance in ASC 840. Minimum lease payments from such contracts are recognized as revenue on a straight-line basis over the lease term whereas contingent rentals are recognized when earned. Lease revenue is presented separately from revenue from contracts with customers below. The following table presents our revenue from contracts with customers and other revenue for the periods indicated (in millions):
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Contract Balances — The timing of revenue recognition, billings, and cash collections results in accounts receivable and contract liabilities. Accounts receivable represent unconditional rights to consideration and consist of both billed amounts and unbilled amounts typically resulting from sales under long-term contracts when revenue recognized exceeds the amount billed to the customer. We bill both generation and utilities customers on a contractually agreed-upon schedule, typically at periodic intervals (e.g., monthly). The calculation of revenue earned but not yet billed is based on the number of days not billed in the month, the estimated amount of energy delivered during those days and the estimated average price per customer class for that month. Our contract liabilities consist of deferred revenue which is classified as current or noncurrent based on the timing of when we expect to recognize revenue. The current portion of our contract liabilities is reported in Accrued and other liabilities and the noncurrent portion is reported in Other noncurrent liabilities on the Condensed Consolidated Balance Sheets. The contract liabilities from contracts with customers were $116 million and $131 million as of September 30, 2018 and January 1, 2018, respectively. Of the $131 million of contract liabilities reported at January 1, 2018, $33 million was recognized as revenue during the nine months ended September 30, 2018. A significant financing arrangement exists for our Mong Duong plant in Vietnam. The plant was constructed under a build, operate, and transfer contract and will be transferred to the Vietnamese government after the completion of a 25 year PPA. The performance obligation to construct the facility was substantially completed in 2015. Approximately $1.4 billion of contract consideration related to the construction, but not yet collected through the 25 year PPA, was reflected as a loan receivable as of September 30, 2018. Remaining Performance Obligations — The transaction price allocated to remaining performance obligations represents future consideration for unsatisfied (or partially unsatisfied) performance obligations at the end of the reporting period. As of September 30, 2018, the aggregate amount of transaction price allocated to remaining performance obligations was $16 million, primarily consisting of fixed consideration for the sale of renewable energy credits (RECs) in long-term contracts in the U.S. We expect to recognize revenue on approximately one-quarter of the remaining performance obligations in 2018 and 2019, with the remainder recognized thereafter. The Company has elected to apply the optional disclosure exemptions under ASC 606. Therefore, the amount above excludes contracts with an original length of one year or less, contracts for which we recognize revenue based on the amount we have the right to invoice for services performed, and variable consideration allocated entirely to a wholly unsatisfied performance obligation when the consideration relates specifically to our efforts to satisfy the performance obligation and depicts the amount to which we expect to be entitled. As such, consideration for energy is excluded from the amounts above as the variable consideration relates to the amount of energy delivered and reflects the value the Company expects to receive for the energy transferred. Estimates of revenue expected to be recognized in future periods also exclude unexercised customer options to purchase additional goods or services that do not represent material rights to the customer.
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Other Income and Expense |
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Other Income and Expenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Income and Other Expense Disclosure [Text Block] | OTHER INCOME AND EXPENSE Other income generally includes gains on asset sales and liability extinguishments, favorable judgments on contingencies, gains on contract terminations, allowance for funds used during construction and other income from miscellaneous transactions. Other expense generally includes losses on asset sales and dispositions, losses on legal contingencies, defined benefit plan non-service costs, and losses from other miscellaneous transactions. The components are summarized as follows (in millions):
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(2) In September 2018, the Company recorded a $20 million loss due to damage associated with a lightning incident at the Andres facility in the Dominican Republic.
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Asset Impairment Expense |
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Impairment or Disposal of Tangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ASSET IMPAIRMENT EXPENSE | ASSET IMPAIRMENT EXPENSE The following table presents our asset impairment expense by asset group for the periods indicated (in millions):
U.S. generation facility — In June 2018, the Company tested the recoverability of its long-lived assets at a generation facility in the U.S. due to an unfavorable economic outlook resulting in uncertainty around future cash flows. The Company determined that the carrying amount of the asset group, including long-lived assets, was not recoverable. The asset group was determined to have a fair value of $127 million as of June 30, 2018 using a combination of the income and market approaches. As a result, the Company recognized an asset impairment expense of $83 million. The generation facility is reported in the US and Utilities SBU reportable segment. In the third quarter of 2018, as a result of updated assumptions regarding the future use of the assets, management’s expectations of future cash flows for the facility decreased. Given updated inputs, the asset group was determined to have a fair value of $55 million as of September 30, 2018 and additional impairment expense of $73 million was recognized. Given the uncertainty regarding the future use of the asset group, the Company will continue to monitor the economic outlook for the facility on an ongoing basis. DPL — In March 2017, the Board of Directors of DPL approved the retirement of the DPL operated and co-owned Stuart coal-fired and diesel-fired generating units, and the Killen coal-fired generating unit and combustion turbine on or before June 1, 2018. The Company performed an impairment analysis and determined that the carrying amounts of the facilities were not recoverable. The Stuart and Killen asset groups were determined to have fair values of $3 million and $8 million, respectively, using the income approach. As a result, the Company recognized total asset impairment expense of $66 million. The Stuart and Killen units were retired in May 2018. Prior to their retirement, Stuart and Killen were reported in the US and Utilities SBU reportable segment. See Note 17—Held-for-Sale and Dispositions for further information. Kazakhstan hydroelectric — In April 2017, the Government of Kazakhstan stated the concession agreements would not be extended for Shulbinsk HPP and Ust-Kamenogorsk HPP, two hydroelectric plants in Kazakhstan, and initiated the process to transfer these plants back to the government. The Company performed an impairment analysis and determined that the carrying value of the asset group of $190 million, which included cumulative translation losses of $100 million, was greater than its fair value less costs to sell of $92 million. As a result, the Company recognized asset impairment expense of $92 million limited to the carrying value of the long-lived assets. The Company completed the transfer of the plants in October 2017. Prior to their transfer, the Kazakhstan hydroelectric plants were reported in the Eurasia SBU reportable segment. Kazakhstan CHPs — In January 2017, the Company entered into an agreement for the sale of Ust-Kamenogorsk CHP and Sogrinsk CHP, its combined heating and power coal plants in Kazakhstan. Upon meeting the held-for-sale criteria in the first quarter of 2017, the Company performed an impairment analysis and determined that the carrying value of the asset group of $171 million, which included cumulative translation losses of $92 million, was greater than its fair value less costs to sell of $29 million. As a result, the Company recognized asset impairment expense of $94 million limited to the carrying value of the long-lived assets. The Company completed the sale of its interest in the Kazakhstan CHP plants in April 2017. Prior to their sale, the plants were reported in the Eurasia SBU reportable segment. See Note 17—Held-for-Sale and Dispositions for further information.
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Dispositions (Notes) |
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DISPOSITIONS AND HELD-FOR-SALE BUSINESSES | DISCONTINUED OPERATIONS Due to a portfolio evaluation in the first half of 2016, management decided to pursue a strategic shift of its distribution companies in Brazil, Sul and Eletropaulo, to reduce the Company's exposure to the Brazilian distribution market. The disposals of Sul and Eletropaulo were completed in October 2016 and June 2018, respectively. In November 2017, Eletropaulo converted its preferred shares into ordinary shares and transitioned the listing of those shares to the Novo Mercado, which is a listing segment of the Brazilian stock exchange with the highest standards of corporate governance. Upon conversion of the preferred shares into ordinary shares, AES no longer controlled Eletropaulo, but maintained significant influence over the business. As a result, the Company deconsolidated Eletropaulo. After deconsolidation, the Company's 17% ownership interest was reflected as an equity method investment. The Company recorded an after-tax loss on deconsolidation of $611 million, which primarily consisted of $455 million related to cumulative translation losses and $243 million related to pension losses reclassified from AOCL. In December 2017, all the remaining criteria were met for Eletropaulo to qualify as a discontinued operation. Therefore, its results of operations and financial position were reported as such in the consolidated financial statements for all periods presented. In June 2018, the Company completed the sale of its entire 17% ownership interest in Eletropaulo through a bidding process hosted by the Brazilian securities regulator, CVM. Gross proceeds of $340 million were received at our subsidiary in Brazil, subject to the payment of taxes. Upon disposal of Eletropaulo, the Company recorded a pre-tax gain on sale of $243 million (after-tax $199 million). Prior to its classification as discontinued operations, Eletropaulo was reported in the South America SBU reportable segment. The following table summarizes the carrying amounts of the major classes of assets and liabilities of discontinued operations at December 31, 2017 (in millions):
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Excluding the gain on sale, income from discontinued operations and cash flows from operating and investing activities of discontinued operations were immaterial for the three and nine months ended September 30, 2018. The following table summarizes the major line items constituting income from discontinued operations for the three and nine months ended September 30, 2017 (in millions):
The following table summarizes the operating and investing cash flows from discontinued operations for the three and nine months ended September 30, 2017 (in millions):
Held-for-Sale Compañia Transmisora del Norte Grande — In June 2018, AES Gener entered into an agreement to sell the transmission lines held by Compañia Transmisora del Norte Grande (“CTNG”) for $220 million, subject to customary purchase price adjustments. The sale is subject to regulatory approval and is expected to close during the fourth quarter of 2018. As of September 30, 2018, CTNG was classified as held-for-sale, but did not meet the criteria to be reported as discontinued operations. CTNG’s carrying value at September 30, 2018 was $99 million. CTNG is reported in the South America SBU reportable segment. Pre-tax income attributable to AES was immaterial for the three and nine months ended September 30, 2018 and September 30, 2017, respectively. Dispositions Electrica Santiago — In May 2018, AES Gener completed the sale of Electrica Santiago for total consideration of $287 million, including a contingent liability of $9 million, resulting in a pre-tax gain on sale of $69 million after post-closing adjustments. Electrica Santiago consisted of four gas and diesel-fired generation plants in Chile. The sale did not meet the criteria to be reported as discontinued operations. Prior to its sale, Electrica Santiago was reported in the South America SBU reportable segment. Stuart and Killen — In May 2018, DPL retired the co-owned Stuart coal-fired and diesel-fired generating units, and the Killen coal-fired generating unit and combustion turbine. Prior to their retirement, Stuart and Killen were reported in the US and Utilities SBU reportable segment. See Note 14—Asset Impairment Expense for further information. Masinloc — In March 2018, the Company completed the sale of its entire 51% equity interest in Masinloc for cash proceeds of $1.05 billion, resulting in a pre-tax gain on sale of $773 million after post-closing adjustments and U.S. tax expense of $155 million. Masinloc consisted of a coal-fired generation plant in operation, a coal-fired generation plant under construction, and an energy storage facility all located in the Philippines. The sale did not meet the criteria to be reported as discontinued operations. Prior to its sale, Masinloc was reported in the Eurasia SBU reportable segment. DPL peaker assets — In March 2018, DPL completed the sale of six of its combustion turbine and diesel-fired generation facilities and related assets ("DPL peaker assets") for total proceeds of $239 million, inclusive of estimated working capital and subject to customary post-closing adjustments, resulting in a loss on sale of $2 million. The sale did not meet the criteria to be reported as discontinued operations. Prior to their sale, the DPL peaker assets were reported in the US and Utilities SBU reportable segment. Beckjord facility — In February 2018, DPL transferred its interest in Beckjord, a coal-fired generation facility retired in 2014, including its obligations to remediate the facility and its site. The transfer resulted in cash expenditures of $15 million, inclusive of disposal charges, and a loss on disposal of $12 million. Prior to the transfer, Beckjord was reported in the US and Utilities SBU reportable segment. Advancion Energy Storage — In January 2018, the Company deconsolidated the AES Advancion energy storage development business and contributed it to the Fluence joint venture, resulting in a gain on sale of $23 million. See Note 6—Investments in and Advances to Affiliates for further discussion. Prior to the transfer, the AES Advancion energy storage development business was reported as part of Corporate and Other. Kazakhstan CHPs — In April 2017, the Company completed the sale of Ust-Kamenogorsk CHP and Sogrinsk CHP, its combined heating and power coal plants in Kazakhstan, for net proceeds of $24 million. The Company recognized a pre-tax loss on sale of $48 million, primarily related to cumulative translation losses. The sale did not meet the criteria to be reported as discontinued operations. Prior to their sale, the Kazakhstan CHP plants were reported in the Eurasia SBU reportable segment. See Note 14—Asset Impairment Expense for further information. Excluding any impairment charges or gain/loss on sale, pre-tax income attributable to AES of disposed businesses was as follows:
_____________________________ (1) The Company entered into contracts to buy back all open capacity years for Stuart and Killen at prices lower than the PJM capacity revenue prices. As such, the Company continues to earn capacity margin.
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Acquisitions |
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Business Combinations [Abstract] | |
Acquisitions | ACQUISITIONS Guaimbê Solar Complex — In September 2018, AES Tietê completed the acquisition of the Guaimbê Solar Complex (“Guaimbê”) from Cobra do Brasil for $152 million, subject to post-closing adjustments, comprised of the exchange of $119 million of non-convertible debentures in project financing and additional cash consideration of $33 million. The transaction was accounted for as an asset acquisition, therefore the consideration transferred, plus transaction costs, were allocated to the individual assets acquired and liabilities assumed based on their relative fair values. Any differences arising from post-closing adjustments will be allocated accordingly. Guaimbê is reported in the South America SBU reportable segment. Alto Sertão II — In August 2017, the Company completed the acquisition of the Alto Sertão II Wind Complex (“Alto Sertão II”) from Renova Energia S.A for $179 million, plus the assumption of $346 million of non-recourse debt. At closing, the Company made a cash payment of $143 million, which excluded holdbacks related to indemnifications. In September 2018, an additional $12 million was paid to settle a portion of the remaining indemnification liability. In the first quarter of 2018, the Company finalized the purchase price allocation related to the acquisition of Alto Sertão II. There were no significant adjustments made to the preliminary purchase price allocation recorded in the third quarter of 2017 when the acquisition was completed. The assets acquired and liabilities assumed at the acquisition date were recorded at fair value, including a contingent liability for earn-out payments of $18 million, based on the final purchase price allocation at March 31, 2018. Subsequent changes to the fair value of the earn-out payments will be reflected in earnings. Alto Sertão II is reported in the South America SBU reportable segment.
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Earnings Per Share |
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
EARNINGS PER SHARE | EARNINGS PER SHARE Basic and diluted earnings per share are based on the weighted average number of shares of common stock and potential common stock outstanding during the period. Potential common stock, for purposes of determining diluted earnings per share, includes the effects of dilutive RSUs, stock options and convertible securities. The effect of such potential common stock is computed using the treasury stock method or the if-converted method, as applicable. The following table is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for income from continuing operations for the three and nine months ended September 30, 2018 and 2017, where income represents the numerator and weighted average shares represent the denominator.
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Discontinued Operations and Held for sale businesses (Notes) |
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Discontinued Operations and Disposal Groups [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | DISCONTINUED OPERATIONS Due to a portfolio evaluation in the first half of 2016, management decided to pursue a strategic shift of its distribution companies in Brazil, Sul and Eletropaulo, to reduce the Company's exposure to the Brazilian distribution market. The disposals of Sul and Eletropaulo were completed in October 2016 and June 2018, respectively. In November 2017, Eletropaulo converted its preferred shares into ordinary shares and transitioned the listing of those shares to the Novo Mercado, which is a listing segment of the Brazilian stock exchange with the highest standards of corporate governance. Upon conversion of the preferred shares into ordinary shares, AES no longer controlled Eletropaulo, but maintained significant influence over the business. As a result, the Company deconsolidated Eletropaulo. After deconsolidation, the Company's 17% ownership interest was reflected as an equity method investment. The Company recorded an after-tax loss on deconsolidation of $611 million, which primarily consisted of $455 million related to cumulative translation losses and $243 million related to pension losses reclassified from AOCL. In December 2017, all the remaining criteria were met for Eletropaulo to qualify as a discontinued operation. Therefore, its results of operations and financial position were reported as such in the consolidated financial statements for all periods presented. In June 2018, the Company completed the sale of its entire 17% ownership interest in Eletropaulo through a bidding process hosted by the Brazilian securities regulator, CVM. Gross proceeds of $340 million were received at our subsidiary in Brazil, subject to the payment of taxes. Upon disposal of Eletropaulo, the Company recorded a pre-tax gain on sale of $243 million (after-tax $199 million). Prior to its classification as discontinued operations, Eletropaulo was reported in the South America SBU reportable segment. The following table summarizes the carrying amounts of the major classes of assets and liabilities of discontinued operations at December 31, 2017 (in millions):
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Excluding the gain on sale, income from discontinued operations and cash flows from operating and investing activities of discontinued operations were immaterial for the three and nine months ended September 30, 2018. The following table summarizes the major line items constituting income from discontinued operations for the three and nine months ended September 30, 2017 (in millions):
The following table summarizes the operating and investing cash flows from discontinued operations for the three and nine months ended September 30, 2017 (in millions):
Held-for-Sale Compañia Transmisora del Norte Grande — In June 2018, AES Gener entered into an agreement to sell the transmission lines held by Compañia Transmisora del Norte Grande (“CTNG”) for $220 million, subject to customary purchase price adjustments. The sale is subject to regulatory approval and is expected to close during the fourth quarter of 2018. As of September 30, 2018, CTNG was classified as held-for-sale, but did not meet the criteria to be reported as discontinued operations. CTNG’s carrying value at September 30, 2018 was $99 million. CTNG is reported in the South America SBU reportable segment. Pre-tax income attributable to AES was immaterial for the three and nine months ended September 30, 2018 and September 30, 2017, respectively. Dispositions Electrica Santiago — In May 2018, AES Gener completed the sale of Electrica Santiago for total consideration of $287 million, including a contingent liability of $9 million, resulting in a pre-tax gain on sale of $69 million after post-closing adjustments. Electrica Santiago consisted of four gas and diesel-fired generation plants in Chile. The sale did not meet the criteria to be reported as discontinued operations. Prior to its sale, Electrica Santiago was reported in the South America SBU reportable segment. Stuart and Killen — In May 2018, DPL retired the co-owned Stuart coal-fired and diesel-fired generating units, and the Killen coal-fired generating unit and combustion turbine. Prior to their retirement, Stuart and Killen were reported in the US and Utilities SBU reportable segment. See Note 14—Asset Impairment Expense for further information. Masinloc — In March 2018, the Company completed the sale of its entire 51% equity interest in Masinloc for cash proceeds of $1.05 billion, resulting in a pre-tax gain on sale of $773 million after post-closing adjustments and U.S. tax expense of $155 million. Masinloc consisted of a coal-fired generation plant in operation, a coal-fired generation plant under construction, and an energy storage facility all located in the Philippines. The sale did not meet the criteria to be reported as discontinued operations. Prior to its sale, Masinloc was reported in the Eurasia SBU reportable segment. DPL peaker assets — In March 2018, DPL completed the sale of six of its combustion turbine and diesel-fired generation facilities and related assets ("DPL peaker assets") for total proceeds of $239 million, inclusive of estimated working capital and subject to customary post-closing adjustments, resulting in a loss on sale of $2 million. The sale did not meet the criteria to be reported as discontinued operations. Prior to their sale, the DPL peaker assets were reported in the US and Utilities SBU reportable segment. Beckjord facility — In February 2018, DPL transferred its interest in Beckjord, a coal-fired generation facility retired in 2014, including its obligations to remediate the facility and its site. The transfer resulted in cash expenditures of $15 million, inclusive of disposal charges, and a loss on disposal of $12 million. Prior to the transfer, Beckjord was reported in the US and Utilities SBU reportable segment. Advancion Energy Storage — In January 2018, the Company deconsolidated the AES Advancion energy storage development business and contributed it to the Fluence joint venture, resulting in a gain on sale of $23 million. See Note 6—Investments in and Advances to Affiliates for further discussion. Prior to the transfer, the AES Advancion energy storage development business was reported as part of Corporate and Other. Kazakhstan CHPs — In April 2017, the Company completed the sale of Ust-Kamenogorsk CHP and Sogrinsk CHP, its combined heating and power coal plants in Kazakhstan, for net proceeds of $24 million. The Company recognized a pre-tax loss on sale of $48 million, primarily related to cumulative translation losses. The sale did not meet the criteria to be reported as discontinued operations. Prior to their sale, the Kazakhstan CHP plants were reported in the Eurasia SBU reportable segment. See Note 14—Asset Impairment Expense for further information. Excluding any impairment charges or gain/loss on sale, pre-tax income attributable to AES of disposed businesses was as follows:
_____________________________ (1) The Company entered into contracts to buy back all open capacity years for Stuart and Killen at prices lower than the PJM capacity revenue prices. As such, the Company continues to earn capacity margin.
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Income Taxes (Notes) |
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Sep. 30, 2018 | |
Income Taxes [Abstract] | |
Income Tax Disclosure [Text Block] | INCOME TAXES The Company’s provision for income taxes is based on the estimated annual effective tax rate, plus discrete items. The effective tax rates for the three and nine month periods ended September 30, 2018 were 44% and 30%, respectively. The effective tax rates for the three and nine month periods ended September 30, 2017 were 31% and 36%, respectively. The difference between the Company’s effective tax rates for the 2018 and 2017 periods and the U.S. statutory tax rates of 21% and 35%, respectively, related primarily to U.S. taxes on foreign earnings, foreign tax rate differentials, the impacts of foreign currency fluctuations at certain foreign subsidiaries, and nondeductible expenses. The Tax Cuts and Jobs Act (“The TCJA”) was enacted on December 22, 2017. The TCJA reduced the U.S. federal corporate income tax rate from 35% to 21%, required companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred, and created new taxes on certain foreign sourced earnings. We are applying the guidance in Staff Accounting Bulletin No. 118 (“SAB 118”) when accounting for the enactment date effect of the TCJA. We recognized a reasonable estimate of the tax effects of the TCJA as of December 31, 2017. In the third quarter of 2018, the Company recorded $33 million of discrete tax expense, increasing the provisional adjustment to the U.S. one-time transition tax to $708 million. However, as of September 30, 2018, our accounting is not complete. Our estimates may also be affected as we gain a more thorough understanding of the TCJA, including proposed regulations released by the U.S. Treasury Department on August 1 related to the one-time transition tax. We expect to complete our analysis of the final impacts of the TCJA in the fourth quarter. For further discussion on the TCJA, see Note 20—Income Taxes in Item 8.—Financial Statements and Supplementary Data of our 2017 Form 10-K. In the first quarter of 2018, the Company completed the sale of its entire 51% equity interest in Masinloc, resulting in pre-tax gain of approximately $773 million. The sale resulted in approximately $155 million of discrete tax expense in the U.S. under the new GILTI provision, which subjects the earnings of foreign subsidiaries to current U.S. taxation to the extent those earnings exceed an allowable return. See Note 17—Held-for-Sale and Dispositions for details of the sale. In the second quarter of 2018, the Company completed the sale of Electrica Santiago for total proceeds of $287 million, resulting in a pre-tax gain on sale of $69 million after post-closing adjustments. The sale resulted in approximately $25 million of discrete tax expense. See Note 17—Held-for-Sale and Dispositions for details of the sale. The impact of foreign currency devaluation in Argentina was approximately $16 million and $38 million of discrete tax expense for the three and nine month periods ended September 30, 2018, respectively. The same amounts for the three and nine month periods ended September 30, 2017 are $4 million and $8 million, respectively.
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Financial Statement Presentation (Policies) |
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] |
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Consolidation | Consolidation — In this Quarterly Report the terms “AES,” “the Company,” “us” or “we” refer to the consolidated entity, including its subsidiaries and affiliates. The terms “The AES Corporation” or “the Parent Company” refer only to the publicly held holding company, The AES Corporation, excluding its subsidiaries and affiliates. Furthermore, VIEs in which the Company has a variable interest have been consolidated where the Company is the primary beneficiary. Investments in which the Company has the ability to exercise significant influence, but not control, are accounted for using the equity method of accounting. All intercompany transactions and balances have been eliminated in consolidation. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of Presentation and Significant Accounting Policies [Text Block] | Interim Financial Presentation — The accompanying unaudited condensed consolidated financial statements and footnotes have been prepared in accordance with GAAP, as contained in the FASB ASC, for interim financial information and Article 10 of Regulation S-X issued by the SEC. Accordingly, they do not include all the information and footnotes required by GAAP for annual fiscal reporting periods. In the opinion of management, the interim financial information includes all adjustments of a normal recurring nature necessary for a fair presentation of the results of operations, financial position, comprehensive income, and cash flows. The results of operations for the three and nine months ended September 30, 2018, are not necessarily indicative of expected results for the year ending December 31, 2018. The accompanying condensed consolidated financial statements are unaudited and should be read in conjunction with the 2017 audited consolidated financial statements and notes thereto, which are included in the 2017 Form 10-K filed with the SEC on February 26, 2018 (the “2017 Form 10-K”). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies | Litigation — The Company is involved in certain claims, suits and legal proceedings in the normal course of business. The Company accrues for litigation and claims when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting | The segment reporting structure uses the Company’s management reporting structure as its foundation to reflect how the Company manages the businesses internally and is mainly organized by geographic regions, which provides a socio-political-economic understanding of our business. During the first quarter of 2018, the Andes and Brazil SBUs were merged in order to leverage scale and are now reported together as part of the South America SBU. Further, Puerto Rico and El Salvador businesses, formerly part of the MCAC SBU, were combined with the US SBU, which is now reported as the US and Utilities SBU. The management reporting structure is organized by four SBUs led by our President and Chief Executive Officer: US and Utilities, South America, MCAC, and Eurasia SBUs. Using the accounting guidance on segment reporting, the Company determined that its four operating segments are aligned with its four reportable segments corresponding to its SBUs. All prior period results have been retrospectively revised to reflect the new segment reporting structure. Corporate and Other — The results of the Fluence and Simple Energy equity affiliates are included in “Corporate and Other.” Also included are the results of the AES self-insurance company and corporate overhead costs which are not directly associated with the operations of our four reportable segments, and certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation. The Company uses Adjusted PTC as its primary segment performance measure. Adjusted PTC, a non-GAAP measure, is defined by the Company as pre-tax income from continuing operations attributable to The AES Corporation excluding gains or losses of the consolidated entity due to (a) unrealized gains or losses related to derivative transactions and equity securities; (b) unrealized foreign currency gains or losses; (c) gains, losses, benefits and costs associated with dispositions and acquisitions of business interests, including early plant closures; (d) losses due to impairments; (e) gains, losses and costs due to the early retirement of debt; and (f) costs directly associated with a major restructuring program, including, but not limited to, workforce reduction efforts, relocations, and office consolidation. Adjusted PTC also includes net equity in earnings of affiliates on an after-tax basis adjusted for the same gains or losses excluded from consolidated entities. The Company has concluded that Adjusted PTC better reflects the underlying business performance of the Company and is the most relevant measure considered in the Company’s internal evaluation of the financial performance of its segments. Additionally, given its large number of businesses and complexity, the Company concluded that Adjusted PTC is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the Company’s results. Revenue and Adjusted PTC are presented before inter-segment eliminations, which includes the effect of intercompany transactions with other segments except for interest, charges for certain management fees, and the write-off of intercompany balances, as applicable. All intra-segment activity has been eliminated within the segment. Inter-segment activity has been eliminated within the total consolidated results.
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Contingencies and Commitments Contingencies and Commitments (Policies) |
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Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies, Policy [Policy Text Block] | Litigation — The Company is involved in certain claims, suits and legal proceedings in the normal course of business. The Company accrues for litigation and claims when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated. |
Segments Segments (Policies) |
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Sep. 30, 2018 | |
Segment Reporting [Abstract] | |
Segment Reporting | The segment reporting structure uses the Company’s management reporting structure as its foundation to reflect how the Company manages the businesses internally and is mainly organized by geographic regions, which provides a socio-political-economic understanding of our business. During the first quarter of 2018, the Andes and Brazil SBUs were merged in order to leverage scale and are now reported together as part of the South America SBU. Further, Puerto Rico and El Salvador businesses, formerly part of the MCAC SBU, were combined with the US SBU, which is now reported as the US and Utilities SBU. The management reporting structure is organized by four SBUs led by our President and Chief Executive Officer: US and Utilities, South America, MCAC, and Eurasia SBUs. Using the accounting guidance on segment reporting, the Company determined that its four operating segments are aligned with its four reportable segments corresponding to its SBUs. All prior period results have been retrospectively revised to reflect the new segment reporting structure. Corporate and Other — The results of the Fluence and Simple Energy equity affiliates are included in “Corporate and Other.” Also included are the results of the AES self-insurance company and corporate overhead costs which are not directly associated with the operations of our four reportable segments, and certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation. The Company uses Adjusted PTC as its primary segment performance measure. Adjusted PTC, a non-GAAP measure, is defined by the Company as pre-tax income from continuing operations attributable to The AES Corporation excluding gains or losses of the consolidated entity due to (a) unrealized gains or losses related to derivative transactions and equity securities; (b) unrealized foreign currency gains or losses; (c) gains, losses, benefits and costs associated with dispositions and acquisitions of business interests, including early plant closures; (d) losses due to impairments; (e) gains, losses and costs due to the early retirement of debt; and (f) costs directly associated with a major restructuring program, including, but not limited to, workforce reduction efforts, relocations, and office consolidation. Adjusted PTC also includes net equity in earnings of affiliates on an after-tax basis adjusted for the same gains or losses excluded from consolidated entities. The Company has concluded that Adjusted PTC better reflects the underlying business performance of the Company and is the most relevant measure considered in the Company’s internal evaluation of the financial performance of its segments. Additionally, given its large number of businesses and complexity, the Company concluded that Adjusted PTC is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the Company’s results. Revenue and Adjusted PTC are presented before inter-segment eliminations, which includes the effect of intercompany transactions with other segments except for interest, charges for certain management fees, and the write-off of intercompany balances, as applicable. All intra-segment activity has been eliminated within the segment. Inter-segment activity has been eliminated within the total consolidated results.
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Earnings Per Share EPS Policy (Policies) |
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Sep. 30, 2018 | |
Earnings Per Share [Abstract] | |
Earnings Per Share, Policy [Policy Text Block] | Basic and diluted earnings per share are based on the weighted average number of shares of common stock and potential common stock outstanding during the period. Potential common stock, for purposes of determining diluted earnings per share, includes the effects of dilutive RSUs, stock options and convertible securities. The effect of such potential common stock is computed using the treasury stock method or the if-converted method, as applicable. |
Financial Statement Presentation New Accounting Standards (Tables) |
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Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] |
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Financial Statement Presentation Cash, Cash Equivalents, and Restricted Cash (Tables) |
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Schedule of Cash and Cash Equivalents [Table Text Block] | Cash, Cash Equivalents, and Restricted Cash — The following table provides a summary of cash, cash equivalents, and restricted cash amounts reported on the Condensed Consolidated Balance Sheet that reconcile to the total of such amounts as shown on the Condensed Consolidated Statements of Cash Flows (in millions):
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Financial Statement Presentation Adoption of ASU 606 2018 (Tables) |
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Policy Text Block [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Prospective Adoption of New Accounting Pronouncements [Table Text Block] | The cumulative effect to our January 1, 2018 Condensed Consolidated Balance Sheet resulting from the adoption of ASC 606 was as follows (in millions):
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Inventory (Tables) |
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Inventory Balance By Type | The following table summarizes the Company’s inventory balances as of the periods indicated (in millions):
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Fair Value (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Marketable Securities [Table Text Block] | The following table presents gross proceeds from the sale of AFS securities during the periods indicated (in millions):
_____________________________
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Fair value hierarchy for recurring measurements table | The following table presents, by level within the fair value hierarchy, the Company’s financial assets and liabilities that were measured at fair value on a recurring basis as of the dates indicated (in millions). For the Company’s investments in marketable debt securities, the security classes presented are determined based on the nature and risk of the security and are consistent with how the Company manages, monitors and measures its marketable securities:
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Fair Value, Net Derivative Assets (Liabilities) measured on a recurring basis, Unobservable Input Reconciliation Table | The following tables present a reconciliation of net derivative assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2018 and 2017 (presented net by type of derivative in millions). Transfers between Level 3 and Level 2 are determined as of the end of the reporting period and principally result from changes in the significance of unobservable inputs used to calculate the credit valuation adjustment.
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Derivative Assets, Significant unobservable inputs |
The following table summarizes the significant unobservable inputs used for Level 3 derivative assets (liabilities) as of September 30, 2018 (in millions, except range amounts): |
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Fair value hierarchy for nonrecurring measurements table | . The following table summarizes our major categories of assets measured at fair value on a nonrecurring basis and their level within the fair value hierarchy (in millions):
_____________________________
(3) Per the Company’s policy, pretax loss is limited to the impairment of long-lived assets. Any additional loss will be recognized on completion of the sale. See Note 17—Held-for-Sale and Dispositions for further informati
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Financial instruments not measured at fair value in the condensed consolidated balance sheets | s The following table presents (in millions) the carrying amount, fair value and fair value hierarchy of the Company’s financial assets and liabilities that are not measured at fair value in the Condensed Consolidated Balance Sheets as of September 30, 2018 and December 31, 2017, but for which fair value is disclosed:
_____________________________ (1) These amounts primarily relate to amounts due from CAMMESA, the administrator of the wholesale electricity market in Argentina, and are included in Other noncurrent assets in the accompanying Condensed Consolidated Balance Sheets. The fair value and carrying amount of these receivables exclude VAT of $14 million and $31 million as of September 30, 2018 and December 31, 2017, respectivel
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Derivative Instruments and Hedging Activities (Tables) |
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Rate And Cross Currency Derivatives By Type Table | The following table presents the Company’s maximum notional (in millions) over the remaining contractual period by type of derivative as of September 30, 2018, regardless of whether they are in qualifying cash flow hedging relationships, and the dates through which the maturities for each type of derivative range:
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Derivative Assets Liabilities At Fair Value Net By Balance Sheet Classification And Type Table | The following tables present the fair value of assets and liabilities related to the Company’s derivative instruments as of September 30, 2018 and December 31, 2017 (in millions):
As of September 30, 2018, all derivative instruments subject to credit risk-related contingent features were in an asset position.
_____________________________ (1) Based on the credit rating of certain subsidiaries
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Gain Loss In Earnings On Ineffective Portion Of Qualifying Cash Flow Hedges Table | The next table presents (in millions) the pre-tax gains (losses) recognized in AOCL and earnings related to all derivative instruments for the periods indicated:
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Financing Receivables (Tables) |
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Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Receivables Table | The following table presents financing receivables by country as of the dates indicated (in millions):
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Investments In and Advances To Affiliates (Tables) |
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Investments in and Advances to Affiliates, Schedule of Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments In and Advances to Affiliates Financial Information | The following table summarizes financial information of the Company’s 50%-or-less-owned affiliates that are accounted for using the equity method (in millions):
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Debt (Tables) |
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Sep. 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Non-recourse debt [Table Text Block] | During the nine months ended September 30, 2018, the Company’s subsidiaries had the following significant debt transactions:
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Debt In Default | The current portion of non-recourse debt includes the following subsidiary debt in default as of September 30, 2018 (in millions).
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Contingencies and Commitments (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Contingent Contractual Obligations [Table Text Block] | The following table summarizes the Parent Company’s contingent contractual obligations as of September 30, 2018. Amounts presented in the following table represent the Parent Company’s current undiscounted exposure to guarantees and the range of maximum undiscounted potential exposure. The maximum exposure is not reduced by the amounts, if any, that could be recovered under the recourse or collateralization provisions in the guarantees.
_____________________________ (1) Excludes normal and customary representations and warranties in agreements for the sale of assets (including ownership in associated legal entities) where the associated risk is considered to be nominal.
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Redeemable Stocks of Subsidiaries (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Redeemable Stock of Subsidiaries [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Temporary Equity [Table Text Block] | The following table summarizes the Company’s redeemable stock of subsidiaries balances as of the periods indicated (in millions):
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Equity (Tables) |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Stockholders Equity | The following table is a reconciliation of the beginning and ending equity attributable to stockholders of The AES Corporation, NCI and total equity as of the periods indicated (in millions):
_____________________________
(2) Adjustment to record the redeemable stock of Colon at fair value.
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Components Of Accumulated Other Comprehensive Income | The following table summarizes the changes in AOCL by component, net of tax and NCI, for the nine months ended September 30, 2018 (in millions):
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Schedule Of Amounts Reclassified Out Of Accumulated Other Comprehensive Income | Reclassifications out of AOCL are presented in the following table. Amounts for the periods indicated are in millions and those in parentheses indicate debits to the Condensed Consolidated Statements of Operations:
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Segments (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue By Segment Table | The following tables present financial information by segment for the periods indicated (in millions):
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Revenue (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue from Contracts with Customers [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenue, Practical Expedient, Remaining Performance Obligation, Description | The Company has elected to apply the optional disclosure exemptions under ASC 606. Therefore, the amount above excludes contracts with an original length of one year or less, contracts for which we recognize revenue based on the amount we have the right to invoice for services performed, and variable consideration allocated entirely to a wholly unsatisfied performance obligation when the consideration relates specifically to our efforts to satisfy the performance obligation and depicts the amount to which we expect to be entitled. As such, consideration for energy is excluded from the amounts above as the variable consideration relates to the amount of energy delivered and reflects the value the Company expects to receive for the energy transferred. Estimates of revenue expected to be recognized in future periods also exclude unexercised customer options to purchase additional goods or services that do not represent material rights to the customer. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disaggregation of Revenue [Table Text Block] | The following table presents our revenue from contracts with customers and other revenue for the periods indicated (in millions):
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Other Income and Expense (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Income and Expenses [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of other Income and other expense [Table Text Block] | Other income generally includes gains on asset sales and liability extinguishments, favorable judgments on contingencies, gains on contract terminations, allowance for funds used during construction and other income from miscellaneous transactions. Other expense generally includes losses on asset sales and dispositions, losses on legal contingencies, defined benefit plan non-service costs, and losses from other miscellaneous transactions. The components are summarized as follows (in millions):
_____________________________
(2) In September 2018, the Company recorded a $20 million loss due to damage associated with a lightning incident at the Andres facility in the Dominican Republic.
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Asset Impairment Expense (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Impairment or Disposal of Tangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Details of Impairment of Long-Lived Assets Held and Used by Asset |
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Earnings Per Share (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share Basic And Diluted Table | The following table is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for income from continuing operations for the three and nine months ended September 30, 2018 and 2017, where income represents the numerator and weighted average shares represent the denominator.
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Discontinued Operations and Held for sale businesses (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disclosure of Long Lived Assets Held-for-sale [Table Text Block] | Held-for-Sale Compañia Transmisora del Norte Grande — In June 2018, AES Gener entered into an agreement to sell the transmission lines held by Compañia Transmisora del Norte Grande (“CTNG”) for $220 million, subject to customary purchase price adjustments. The sale is subject to regulatory approval and is expected to close during the fourth quarter of 2018. As of September 30, 2018, CTNG was classified as held-for-sale, but did not meet the criteria to be reported as discontinued operations. CTNG’s carrying value at September 30, 2018 was $99 million. CTNG is reported in the South America SBU reportable segment. Pre-tax income attributable to AES was immaterial for the three and nine months ended September 30, 2018 and September 30, 2017, respectively. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Disposal Groups, Including Discontinued Operations [Table Text Block] | The following table summarizes the major line items constituting income from discontinued operations for the three and nine months ended September 30, 2017 (in millions):
The following table summarizes the operating and investing cash flows from discontinued operations for the three and nine months ended September 30, 2017 (in millions):
|
Financial Statement Presentation New Accounting Pronouncement Adopted (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | |||||
---|---|---|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Jan. 01, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
Total Revenue | $ 2,837 | $ 2,693 | $ 8,114 | $ 7,887 | |||
Cost of Goods and Services Sold | (2,166) | (2,053) | (6,187) | (6,067) | |||
Operating margin | 671 | 640 | 1,927 | 1,820 | |||
Interest income | 79 | 63 | 231 | 185 | |||
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES | 332 | 304 | 1,672 | 687 | |||
Income tax expense | 146 | 93 | 509 | 246 | |||
INCOME FROM CONTINUING OPERATIONS | 192 | 235 | 1,194 | 474 | |||
NET INCOME | 191 | 261 | 1,384 | 509 | |||
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION | 101 | 152 | 1,075 | 181 | |||
Other current assets | 706 | 706 | $ 691 | $ 630 | |||
Deferred income taxes | 88 | 88 | 106 | 130 | |||
Service concession assets, net | 0 | 0 | 0 | 1,360 | |||
Loan receivable | 1,441 | 1,441 | 1,490 | 0 | |||
TOTAL ASSETS | 32,489 | 32,489 | 33,112 | ||||
Accrued and other liabilities | 1,151 | 1,151 | 1,232 | ||||
Accumulated deficit | (1,133) | (1,133) | (2,209) | (2,276) | |||
Accumulated other comprehensive loss | (2,020) | (2,020) | (1,857) | (1,876) | |||
NONCONTROLLING INTERESTS | 2,404 | 2,404 | 2,461 | 2,380 | |||
TOTAL LIABILITIES AND EQUITY | 32,489 | 32,489 | 33,112 | ||||
Cash and Cash Equivalents, at Carrying Value | (1,187) | (1,187) | (949) | ||||
Restricted Cash and Cash Equivalents, Current | (441) | (441) | (274) | ||||
Other Restricted Assets, Noncurrent | (494) | (494) | (565) | ||||
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | 2,122 | 2,298 | 2,122 | 2,298 | $ 1,788 | $ 1,960 | |
ASC 606 Impact [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
Total Revenue | (18) | (54) | |||||
Cost of Goods and Services Sold | 14 | 40 | |||||
Operating margin | (4) | (14) | |||||
Interest income | 15 | 45 | |||||
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES | 11 | 31 | |||||
Income tax expense | 1 | 0 | |||||
INCOME FROM CONTINUING OPERATIONS | 12 | 31 | |||||
NET INCOME | 12 | 31 | |||||
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION | 12 | 31 | |||||
Other current assets | 65 | 65 | 61 | ||||
Deferred income taxes | (24) | (24) | (24) | ||||
Service concession assets, net | (1,287) | (1,287) | (1,360) | ||||
Loan receivable | 1,441 | 1,441 | 1,490 | ||||
TOTAL ASSETS | 195 | 195 | |||||
Accumulated deficit | 98 | 98 | 67 | ||||
Accumulated other comprehensive loss | 18 | 18 | 19 | ||||
NONCONTROLLING INTERESTS | 79 | 79 | $ 81 | ||||
TOTAL LIABILITIES AND EQUITY | 195 | 195 | |||||
Balance Without the Adoption of ASC 606 [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
Total Revenue | 2,855 | 8,168 | |||||
Cost of Goods and Services Sold | (2,180) | (6,227) | |||||
Operating margin | 675 | 1,941 | |||||
Interest income | 64 | 186 | |||||
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES | 321 | 1,641 | |||||
Income tax expense | (147) | (509) | |||||
INCOME FROM CONTINUING OPERATIONS | 180 | 1,163 | |||||
NET INCOME | 179 | 1,353 | |||||
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION | 89 | 1,044 | |||||
Other current assets | 641 | 641 | |||||
Deferred income taxes | 112 | 112 | |||||
Service concession assets, net | 1,287 | 1,287 | |||||
Loan receivable | 0 | 0 | |||||
TOTAL ASSETS | 32,294 | 32,294 | |||||
Accumulated deficit | (1,231) | (1,231) | |||||
Accumulated other comprehensive loss | (2,038) | (2,038) | |||||
NONCONTROLLING INTERESTS | 2,325 | 2,325 | |||||
TOTAL LIABILITIES AND EQUITY | $ 32,294 | $ 32,294 | |||||
Accounting Standard Update 2016-09 [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | 327 | 327 | |||||
Inc (Dec) in Cash provided by Operating Actitvities [Domain] | Accounting Standard Update 2016-09 [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | 12 | 12 | |||||
Dec (Inc) In Net Cash Used by Financing Activities [Domain] | Accounting Standard Update 2016-09 [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets | $ 0 | $ 0 | |||||
Other Expense [Member] | Accounting Standards Update 2017-07 [Member] | |||||||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||||||
New Accounting Pronouncement or Change in Accounting Principle, Description of Prior-period Information Retrospectively Adjusted | 2 | 1 |
Inventory (Details) - USD ($) $ in Millions |
Sep. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Inventory Disclosure [Abstract] | ||
Fuel and other raw materials | $ 278 | $ 284 |
Spare parts and supplies | 284 | 278 |
Total | $ 562 | $ 562 |
Fair Value (Recurring Measurements) (Details) $ in Millions |
3 Months Ended | 9 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Sep. 30, 2018
USD ($)
|
Sep. 30, 2017
USD ($)
|
Sep. 30, 2018
USD ($)
|
Sep. 30, 2017
USD ($)
|
Mar. 31, 2018
USD ($)
|
Dec. 31, 2017
USD ($)
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2015
USD ($)
|
|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Other Asset Impairment Charges | $ 74 | $ 2 | $ 166 | $ 260 | ||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | 133 | 56 | 133 | 56 | $ 118 | $ 93 | $ 53 | $ 81 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 755 | 755 | 780 | |||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 221 | 221 | 315 | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings | 7 | 26 | 6 | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements | 5 | (2) | (7) | (5) | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3 | (1) | (7) | ||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 | (34) | |||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease) | 3 | 2 | 14 | (12) | ||||
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities | (2) | 6 | 10 | |||||
Interest Rate Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | (96) | (192) | (96) | (192) | (111) | (151) | (195) | (179) |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings | (5) | 28 | (5) | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements | 3 | 10 | 12 | 28 | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3 | (1) | (7) | ||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 | (34) | |||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease) | 1 | (1) | 32 | 0 | ||||
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities | 0 | 0 | 0 | |||||
Foreign currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | 221 | 242 | 221 | 242 | 219 | 240 | 239 | 255 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings | 12 | (3) | 12 | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements | 2 | (9) | (16) | (25) | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3 | 0 | 0 | ||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 | 0 | |||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease) | 2 | 3 | (19) | (12) | ||||
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities | 0 | 0 | 0 | |||||
Commodity Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | 8 | 6 | 8 | 6 | $ 10 | 4 | $ 9 | $ 5 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings | 0 | 1 | (1) | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements | 0 | (3) | (3) | (8) | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3 | 0 | 0 | ||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 | 0 | |||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease) | 0 | 0 | 1 | 0 | ||||
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities | (2) | 6 | 10 | |||||
Level 1 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 21 | 21 | 20 | |||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 0 | 0 | 0 | |||||
Level 2 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 500 | 500 | 515 | |||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 120 | 120 | 163 | |||||
Level 3 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 234 | 234 | 245 | |||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 101 | 101 | 152 | |||||
Mutual Fund [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 66 | 66 | 72 | |||||
Mutual Fund [Member] | Level 1 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 21 | 21 | 20 | |||||
Mutual Fund [Member] | Level 2 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 45 | 45 | 52 | |||||
Mutual Fund [Member] | Level 3 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Equity Funds [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 3 | 3 | 0 | |||||
Equity Funds [Member] | Level 1 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Equity Funds [Member] | Level 2 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 3 | 3 | 0 | |||||
Equity Funds [Member] | Level 3 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Available-for-sale Securities [Member] | Other Debt Obligations [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 60 | 60 | 207 | |||||
Available-for-sale Securities [Member] | Other Debt Obligations [Member] | Level 1 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Available-for-sale Securities [Member] | Other Debt Obligations [Member] | Level 2 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 60 | 60 | 207 | |||||
Available-for-sale Securities [Member] | Other Debt Obligations [Member] | Level 3 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Available-for-sale Securities [Member] | Corporate Debt Securities [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 270 | 270 | 153 | |||||
Available-for-sale Securities [Member] | Corporate Debt Securities [Member] | Level 1 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Available-for-sale Securities [Member] | Corporate Debt Securities [Member] | Level 2 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 270 | 270 | 153 | |||||
Available-for-sale Securities [Member] | Corporate Debt Securities [Member] | Level 3 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Debt Securities [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 330 | 330 | 360 | |||||
Debt Securities [Member] | Level 1 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Debt Securities [Member] | Level 2 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 330 | 330 | 360 | |||||
Debt Securities [Member] | Level 3 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Equity Securities [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 69 | 69 | 72 | |||||
Equity Securities [Member] | Level 1 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 21 | 21 | 20 | |||||
Equity Securities [Member] | Level 2 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 48 | 48 | 52 | |||||
Equity Securities [Member] | Level 3 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Derivative [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 356 | 356 | 348 | |||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 221 | 221 | 315 | |||||
Derivative [Member] | Interest Rate Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 161 | 161 | 262 | |||||
Derivative [Member] | Cross currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 2 | 2 | 3 | |||||
Derivative [Member] | Foreign currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 54 | 54 | 30 | |||||
Derivative [Member] | Commodity Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 4 | 4 | 20 | |||||
Derivative [Member] | Level 1 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 0 | 0 | 0 | |||||
Derivative [Member] | Level 1 [Member] | Interest Rate Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 0 | 0 | 0 | |||||
Derivative [Member] | Level 1 [Member] | Cross currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 0 | 0 | 0 | |||||
Derivative [Member] | Level 1 [Member] | Foreign currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 0 | 0 | 0 | |||||
Derivative [Member] | Level 1 [Member] | Commodity Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 0 | 0 | 0 | |||||
Derivative [Member] | Level 2 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 122 | 122 | 103 | |||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 120 | 120 | 163 | |||||
Derivative [Member] | Level 2 [Member] | Interest Rate Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 60 | 60 | 111 | |||||
Derivative [Member] | Level 2 [Member] | Cross currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 2 | 2 | 3 | |||||
Derivative [Member] | Level 2 [Member] | Foreign currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 54 | 54 | 30 | |||||
Derivative [Member] | Level 2 [Member] | Commodity Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 4 | 4 | 19 | |||||
Derivative [Member] | Level 3 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 234 | 234 | 245 | |||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 101 | 101 | 152 | |||||
Derivative [Member] | Level 3 [Member] | Interest Rate Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 101 | 101 | 151 | |||||
Derivative [Member] | Level 3 [Member] | Cross currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 0 | 0 | 0 | |||||
Derivative [Member] | Level 3 [Member] | Foreign currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 0 | 0 | 0 | |||||
Derivative [Member] | Level 3 [Member] | Commodity Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value | 0 | 0 | 1 | |||||
Derivative [Member] | Interest Rate Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 70 | 70 | 15 | |||||
Derivative [Member] | Interest Rate Contract [Member] | Level 1 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Derivative [Member] | Interest Rate Contract [Member] | Level 2 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 65 | 65 | 15 | |||||
Derivative [Member] | Interest Rate Contract [Member] | Level 3 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 5 | 5 | 0 | |||||
Derivative [Member] | Cross currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 26 | 26 | 29 | |||||
Derivative [Member] | Cross currency derivatives [Member] | Level 1 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Derivative [Member] | Cross currency derivatives [Member] | Level 2 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 26 | 26 | 29 | |||||
Derivative [Member] | Cross currency derivatives [Member] | Level 3 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Derivative [Member] | Foreign currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 243 | 243 | 269 | |||||
Derivative [Member] | Foreign currency derivatives [Member] | Level 1 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Derivative [Member] | Foreign currency derivatives [Member] | Level 2 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 22 | 22 | 29 | |||||
Derivative [Member] | Foreign currency derivatives [Member] | Level 3 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 221 | 221 | 240 | |||||
Derivative [Member] | Commodity Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 17 | 17 | 35 | |||||
Derivative [Member] | Commodity Contract [Member] | Level 1 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 0 | 0 | 0 | |||||
Derivative [Member] | Commodity Contract [Member] | Level 2 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 9 | 9 | 30 | |||||
Derivative [Member] | Commodity Contract [Member] | Level 3 [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 8 | 8 | $ 5 | |||||
Other comprehensive income - Derivative activity [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss) | 12 | (2) | 48 | (29) | ||||
Other comprehensive income - Derivative activity [Member] | Interest Rate Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss) | 12 | (2) | 48 | (29) | ||||
Other comprehensive income - Derivative activity [Member] | Foreign currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss) | 0 | 0 | 0 | 0 | ||||
Other comprehensive income - Derivative activity [Member] | Commodity Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss) | 0 | $ 0 | 0 | $ 0 | ||||
Argentina, Pesos | Foreign currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | $ 221 | $ 221 | ||||||
Minimum [Member] | Argentina, Pesos | Foreign currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
U S Dollar Indexation In Argentina | 42.1 | 42.1 | ||||||
Maximum [Member] | Argentina, Pesos | Foreign currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
U S Dollar Indexation In Argentina | 166.5 | 166.5 | ||||||
Weighted Average [Member] | Argentina, Pesos | Foreign currency derivatives [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
U S Dollar Indexation In Argentina | 99.2 | 99.2 | ||||||
Measurement Input, Entity Credit Risk [Member] | Minimum [Member] | Interest Rate Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value Measurement Inputs, Nonrecurring | 1.78% | |||||||
Measurement Input, Entity Credit Risk [Member] | Maximum [Member] | Interest Rate Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value Measurement Inputs, Nonrecurring | 4.38% | |||||||
Measurement Input, Entity Credit Risk [Member] | Weighted Average [Member] | Interest Rate Contract [Member] | ||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||
Fair Value Measurement Inputs, Nonrecurring | 3.63% |
Fair Value Investment in Marketable Securities (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
Gain Loss On Marketable Securities | ||||
Other-than-temporary impairment of marketable securities | $ 0 | |||
Gross proceeds from sales of AFS securities | $ 713 | $ 365 | $ 1,127 | $ 1,158 |
Fair Value (Level 3 Reconciliation) (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Mar. 31, 2018 |
Dec. 31, 2017 |
Mar. 31, 2017 |
Dec. 31, 2015 |
|
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | $ 133 | $ 56 | $ 133 | $ 56 | $ 118 | $ 93 | $ 53 | $ 81 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings | 7 | 26 | 6 | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases, Sales, Issues, Settlements [Abstract] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements | 5 | (2) | (7) | (5) | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3 | 1 | 7 | ||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 | (34) | |||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease) | 3 | 2 | 14 | (12) | ||||
Other comprehensive income - Derivative activity [Member] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss) | 12 | (2) | 48 | (29) | ||||
Interest Rate Contract [Member] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | (96) | (192) | (96) | (192) | (111) | (151) | (195) | (179) |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings | (5) | 28 | (5) | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases, Sales, Issues, Settlements [Abstract] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements | 3 | 10 | 12 | 28 | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3 | 1 | 7 | ||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 | (34) | |||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease) | 1 | (1) | 32 | 0 | ||||
Interest Rate Contract [Member] | Other comprehensive income - Derivative activity [Member] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss) | 12 | (2) | 48 | (29) | ||||
Foreign currency derivatives [Member] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | 221 | 242 | 221 | 242 | 219 | 240 | 239 | 255 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings | 12 | (3) | 12 | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases, Sales, Issues, Settlements [Abstract] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements | 2 | (9) | (16) | (25) | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3 | 0 | 0 | ||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 | 0 | |||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease) | 2 | 3 | (19) | (12) | ||||
Foreign currency derivatives [Member] | Other comprehensive income - Derivative activity [Member] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss) | 0 | 0 | 0 | 0 | ||||
Commodity Contract [Member] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | 8 | 6 | 8 | 6 | $ 10 | $ 4 | $ 9 | $ 5 |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings | 0 | 1 | (1) | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases, Sales, Issues, Settlements [Abstract] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements | 0 | (3) | (3) | (8) | ||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3 | 0 | 0 | ||||||
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3 | 0 | |||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease) | 0 | 0 | 1 | 0 | ||||
Commodity Contract [Member] | Other comprehensive income - Derivative activity [Member] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward] | ||||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss) | $ 0 | $ 0 | $ 0 | $ 0 |
Fair Value (Quantitative Information) (Details) $ in Millions |
9 Months Ended | |||||
---|---|---|---|---|---|---|
Sep. 30, 2018
USD ($)
|
Mar. 31, 2018
USD ($)
|
Dec. 31, 2017
USD ($)
|
Sep. 30, 2017
USD ($)
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2015
USD ($)
|
|
Fair Value Inputs Quantitative Information [Line Items] | ||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | $ 133 | $ 118 | $ 93 | $ 56 | $ 53 | $ 81 |
Interest Rate Contract [Member] | ||||||
Fair Value Inputs Quantitative Information [Line Items] | ||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | (96) | (111) | (151) | (192) | (195) | (179) |
Foreign Exchange Contract [Member] | ||||||
Fair Value Inputs Quantitative Information [Line Items] | ||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | 221 | 219 | 240 | 242 | 239 | 255 |
Commodity Contract [Member] | ||||||
Fair Value Inputs Quantitative Information [Line Items] | ||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | 8 | $ 10 | $ 4 | $ 6 | $ 9 | $ 5 |
Argentina, Pesos | Foreign Exchange Contract [Member] | ||||||
Fair Value Inputs Quantitative Information [Line Items] | ||||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs | $ 221 | |||||
Argentina, Pesos | Foreign Exchange Contract [Member] | Minimum [Member] | ||||||
Fair Value Derivative Assets Liabilities Measured On Recurring Basis Unobservable Inputs [Abstract] | ||||||
Argentine Peso to U.S. Dollar currency exchange rate after 1 year | 42.1 | |||||
Argentina, Pesos | Foreign Exchange Contract [Member] | Maximum [Member] | ||||||
Fair Value Derivative Assets Liabilities Measured On Recurring Basis Unobservable Inputs [Abstract] | ||||||
Argentine Peso to U.S. Dollar currency exchange rate after 1 year | 166.5 | |||||
Argentina, Pesos | Foreign Exchange Contract [Member] | Weighted Average [Member] | ||||||
Fair Value Derivative Assets Liabilities Measured On Recurring Basis Unobservable Inputs [Abstract] | ||||||
Argentine Peso to U.S. Dollar currency exchange rate after 1 year | 99.2 | |||||
Measurement Input, Entity Credit Risk [Member] | Interest Rate Contract [Member] | Minimum [Member] | ||||||
Fair Value Inputs Quantitative Information [Line Items] | ||||||
Fair Value Measurement Inputs, Nonrecurring | 1.78% | |||||
Measurement Input, Entity Credit Risk [Member] | Interest Rate Contract [Member] | Maximum [Member] | ||||||
Fair Value Inputs Quantitative Information [Line Items] | ||||||
Fair Value Measurement Inputs, Nonrecurring | 4.38% | |||||
Measurement Input, Entity Credit Risk [Member] | Interest Rate Contract [Member] | Weighted Average [Member] | ||||||
Fair Value Inputs Quantitative Information [Line Items] | ||||||
Fair Value Measurement Inputs, Nonrecurring | 3.63% |
Fair Value (Nonrecurring Measurements) (Details) $ in Millions |
3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2018
USD ($)
|
Sep. 30, 2017
USD ($)
|
Sep. 30, 2018
USD ($)
|
Sep. 30, 2017
USD ($)
|
Jun. 30, 2018
USD ($)
|
||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Asset Impairment Charges | $ 172 | $ 260 | ||||||||
Other Asset Impairment Charges | $ 74 | $ 2 | 166 | 260 | ||||||
IPL Subsidiary [Member] | Level 3 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Asset Retirement Obligation | 53 | 53 | ||||||||
Long Lived Assets Held And Used [Member] | DPL Subsidiary [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Other Asset Impairment Charges | [1] | 66 | ||||||||
Long Lived Assets Held And Used [Member] | DPL Subsidiary [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Other Asset Impairment Charges | [1] | 156 | ||||||||
Long Lived Assets Held And Used [Member] | Other Subsidiaries [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Other Asset Impairment Charges | [1] | 8 | ||||||||
Long Lived Assets Held And Used [Member] | Kazakhstan Hydro [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Other Asset Impairment Charges | [1] | 92 | ||||||||
Long Lived Assets Held And Used [Member] | Kazakhstan [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Other Asset Impairment Charges | [1] | 94 | ||||||||
Equity Method Investments [Member] | Elsta [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Other Asset Impairment Charges | [1] | 5 | ||||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | DPL Subsidiary [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | 55 | 55 | $ 127 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | DPL Subsidiary [Member] | Level 1 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 0 | 0 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | DPL Subsidiary [Member] | Level 2 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 0 | 0 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | DPL Subsidiary [Member] | Level 3 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 11 | 11 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | DPL Subsidiary [Member] | Level 1 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 0 | 0 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | DPL Subsidiary [Member] | Level 2 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 0 | 0 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | DPL Subsidiary [Member] | Level 3 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 33 | 33 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | Other Subsidiaries [Member] | Level 1 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 0 | 0 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | Other Subsidiaries [Member] | Level 2 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 0 | 0 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | Other Subsidiaries [Member] | Level 3 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 7 | 7 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | Kazakhstan Hydro [Member] | Level 1 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 0 | 0 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | Kazakhstan Hydro [Member] | Level 2 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 92 | 92 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | Kazakhstan Hydro [Member] | Level 3 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 0 | 0 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | Kazakhstan [Member] | Level 1 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 0 | 0 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | Kazakhstan [Member] | Level 2 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 29 | 29 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Fair Value [Member] | Kazakhstan [Member] | Level 3 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 0 | 0 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Carrying Amount [Member] | DPL Subsidiary [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1],[2] | 77 | 77 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Carrying Amount [Member] | DPL Subsidiary [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1],[2] | 185 | 185 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Carrying Amount [Member] | Other Subsidiaries [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1],[2] | 15 | 15 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Carrying Amount [Member] | Kazakhstan Hydro [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1],[2] | 190 | 190 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Carrying Amount [Member] | Kazakhstan [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1],[2] | $ 171 | $ 171 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Equity Method Investments [Member] | Fair Value [Member] | Elsta [Member] | Level 1 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 0 | 0 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Equity Method Investments [Member] | Fair Value [Member] | Elsta [Member] | Level 2 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 16 | 16 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Equity Method Investments [Member] | Fair Value [Member] | Elsta [Member] | Level 3 [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1] | 0 | 0 | |||||||
Fair Value, Measurements, Nonrecurring [Member] | Equity Method Investments [Member] | Carrying Amount [Member] | Elsta [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value, Nonrecurring | [1],[2] | $ 21 | $ 21 | |||||||
Measurement Input, Long-term Revenue Growth Rate [Member] | Long Lived Assets Held And Used [Member] | Valuation, Income Approach [Member] | Weighted Average [Member] | DPL Subsidiary [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value Measurement Inputs, Nonrecurring | (1.50%) | |||||||||
Measurement Input, Long-term Revenue Growth Rate [Member] | Long Lived Assets Held And Used [Member] | Valuation, Income Approach [Member] | Maximum [Member] | DPL Subsidiary [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value Measurement Inputs, Nonrecurring | (3.00%) | |||||||||
Measurement Input, Long-term Revenue Growth Rate [Member] | Long Lived Assets Held And Used [Member] | Valuation, Income Approach [Member] | Minimum [Member] | DPL Subsidiary [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value Measurement Inputs, Nonrecurring | (1.00%) | |||||||||
Measurement Input, Operating Margin [Member] | Long Lived Assets Held And Used [Member] | Valuation, Income Approach [Member] | Weighted Average [Member] | DPL Subsidiary [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value Measurement Inputs, Nonrecurring | 30.00% | |||||||||
Measurement Input, Operating Margin [Member] | Long Lived Assets Held And Used [Member] | Valuation, Income Approach [Member] | Maximum [Member] | DPL Subsidiary [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value Measurement Inputs, Nonrecurring | 36.00% | |||||||||
Measurement Input, Operating Margin [Member] | Long Lived Assets Held And Used [Member] | Valuation, Income Approach [Member] | Minimum [Member] | DPL Subsidiary [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value Measurement Inputs, Nonrecurring | 25.00% | |||||||||
Measurement Input, Discount Rate [Member] | Long Lived Assets Held And Used [Member] | Valuation, Income Approach [Member] | Weighted Average [Member] | DPL Subsidiary [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value Measurement Inputs, Nonrecurring | 9.00% | |||||||||
Interest Rate Contract [Member] | Measurement Input, Entity Credit Risk [Member] | Weighted Average [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value Measurement Inputs, Nonrecurring | 3.63% | |||||||||
Interest Rate Contract [Member] | Measurement Input, Entity Credit Risk [Member] | Maximum [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value Measurement Inputs, Nonrecurring | 4.38% | |||||||||
Interest Rate Contract [Member] | Measurement Input, Entity Credit Risk [Member] | Minimum [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
Fair Value Measurement Inputs, Nonrecurring | 1.78% | |||||||||
Argentina, Pesos | Foreign Exchange Contract [Member] | Weighted Average [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
U S Dollar Indexation In Argentina | 99.2 | 99.2 | ||||||||
Argentina, Pesos | Foreign Exchange Contract [Member] | Maximum [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
U S Dollar Indexation In Argentina | 166.5 | 166.5 | ||||||||
Argentina, Pesos | Foreign Exchange Contract [Member] | Minimum [Member] | ||||||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||||||
U S Dollar Indexation In Argentina | 42.1 | 42.1 | ||||||||
|
Fair Value (Instruments Not Measured at Fair Value) (Details) - USD ($) $ in Millions |
Sep. 30, 2018 |
Dec. 31, 2017 |
|||
---|---|---|---|---|---|
Carrying Amount [Member] | |||||
Assets, Fair Value Disclosure [Abstract] | |||||
Accounts receivable - noncurrent | [1] | $ 105 | $ 163 | ||
Liabilities, Fair Value Disclosure [Abstract] | |||||
Non-recourse debt | 15,581 | 15,340 | |||
Recourse debt | 3,820 | 4,630 | |||
Fair Value [Member] | |||||
Assets, Fair Value Disclosure [Abstract] | |||||
Value added tax | 14 | 31 | |||
Accounts receivable - noncurrent | [1] | 224 | 217 | ||
Liabilities, Fair Value Disclosure [Abstract] | |||||
Non-recourse debt | 15,429 | 15,890 | |||
Recourse debt | 3,901 | 4,920 | |||
Level 1 [Member] | Fair Value [Member] | |||||
Assets, Fair Value Disclosure [Abstract] | |||||
Accounts receivable - noncurrent | [1] | 0 | 0 | ||
Liabilities, Fair Value Disclosure [Abstract] | |||||
Non-recourse debt | 0 | 0 | |||
Recourse debt | 0 | 0 | |||
Level 2 [Member] | Fair Value [Member] | |||||
Assets, Fair Value Disclosure [Abstract] | |||||
Accounts receivable - noncurrent | [1] | 0 | 6 | ||
Liabilities, Fair Value Disclosure [Abstract] | |||||
Non-recourse debt | 12,699 | 13,350 | |||
Recourse debt | 3,901 | 4,920 | |||
Level 3 [Member] | Fair Value [Member] | |||||
Assets, Fair Value Disclosure [Abstract] | |||||
Accounts receivable - noncurrent | [1] | 224 | 211 | ||
Liabilities, Fair Value Disclosure [Abstract] | |||||
Non-recourse debt | 2,730 | 2,540 | |||
Recourse debt | $ 0 | $ 0 | |||
|
Derivative Instruments and Hedging Activities - Part 1 (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Dec. 31, 2017 |
|
Foreign Exchange Contract [Member] | |||||
Derivative Tables [Line Items] | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings | $ (12) | $ 3 | $ (12) | ||
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities | $ 0 | 0 | 0 | ||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements | (2) | 9 | 16 | 25 | |
Derivative Liability, Fair Value, Gross Liability | (54) | (54) | $ (30) | ||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease) | 2 | 3 | (19) | (12) | |
Interest Rate Contract [Member] | |||||
Derivative Tables [Line Items] | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings | 5 | (28) | 5 | ||
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities | 0 | 0 | 0 | ||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements | (3) | (10) | (12) | (28) | |
Derivative Liability, Fair Value, Gross Liability | (161) | (161) | (262) | ||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease) | 1 | (1) | 32 | 0 | |
Interest Rate Contract [Member] | Libor and Euribor [Member] | |||||
Derivative Tables [Line Items] | |||||
Derivatives, notional amount | 4,499 | 4,499 | |||
Cross currency derivatives [Member] | |||||
Derivative Tables [Line Items] | |||||
Derivative Liability, Fair Value, Gross Liability | (2) | (2) | (3) | ||
Commodity Contract [Member] | |||||
Derivative Tables [Line Items] | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings | 0 | (1) | 1 | ||
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities | (2) | 6 | 10 | ||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements | 0 | 3 | 3 | 8 | |
Derivative Liability, Fair Value, Gross Liability | (4) | (4) | (20) | ||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease) | 0 | 0 | 1 | 0 | |
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings | (7) | (26) | (6) | ||
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities | (2) | 6 | 10 | ||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements | (5) | 2 | 7 | 5 | |
Derivative Liability, Fair Value, Gross Liability | (221) | (221) | $ (315) | ||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease) | 3 | 2 | 14 | (12) | |
Unidad de Fomento (funds code) | Cross currency derivatives [Member] | |||||
Derivative Tables [Line Items] | |||||
Derivatives, notional amount | 376 | 376 | |||
Euro EUR [Member] | Foreign Exchange Contract [Member] | |||||
Derivative Tables [Line Items] | |||||
Derivatives, notional amount | 80 | 80 | |||
Argentina, Pesos | Foreign Exchange Contract [Member] | |||||
Derivative Tables [Line Items] | |||||
Derivatives, notional amount | 73 | 73 | |||
Chile, Pesos | Foreign Exchange Contract [Member] | |||||
Derivative Tables [Line Items] | |||||
Derivatives, notional amount | 334 | 334 | |||
Colombia, Pesos | Foreign Exchange Contract [Member] | |||||
Derivative Tables [Line Items] | |||||
Derivatives, notional amount | 163 | 163 | |||
Other unspecified currency [Domain] | Foreign Exchange Contract [Member] | |||||
Derivative Tables [Line Items] | |||||
Derivatives, notional amount | 246 | 246 | |||
Other comprehensive income - Derivative activity [Member] | Foreign Exchange Contract [Member] | |||||
Derivative Tables [Line Items] | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss) | 0 | 0 | 0 | 0 | |
Other comprehensive income - Derivative activity [Member] | Interest Rate Contract [Member] | |||||
Derivative Tables [Line Items] | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss) | 12 | (2) | 48 | (29) | |
Other comprehensive income - Derivative activity [Member] | Commodity Contract [Member] | |||||
Derivative Tables [Line Items] | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss) | 0 | 0 | 0 | 0 | |
Other comprehensive income - Derivative activity [Member] | |||||
Derivative Tables [Line Items] | |||||
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss) | $ 12 | $ (2) | $ 48 | $ (29) |
Derivative Instruments and Hedging Activities - Part 2 (Details) - USD ($) $ in Millions |
Sep. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Liabilities | ||
Derivative Liabilities, Gross | $ 221 | $ 315 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 356 | 348 |
Other Current Assets [Member] | ||
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 74 | 84 |
Other Current Liabilities [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 69 | 211 |
Other Noncurrent Assets [Member] | ||
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 282 | 264 |
Other Noncurrent Liabilities [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 152 | 104 |
Designated as Hedging Instruments [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 190 | 138 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 94 | 57 |
Not Designated as Hedging Instruments [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 31 | 177 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 262 | 291 |
Interest Rate Contract [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 161 | 262 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 70 | 15 |
Interest Rate Contract [Member] | Designated as Hedging Instruments [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 159 | 125 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 68 | 15 |
Interest Rate Contract [Member] | Not Designated as Hedging Instruments [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 2 | 137 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 2 | 0 |
Cross currency derivatives [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 2 | 3 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 26 | 29 |
Cross currency derivatives [Member] | Designated as Hedging Instruments [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 2 | 3 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 26 | 29 |
Cross currency derivatives [Member] | Not Designated as Hedging Instruments [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 0 | 0 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 0 | 0 |
Foreign Exchange Contract [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 54 | 30 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 243 | 269 |
Foreign Exchange Contract [Member] | Designated as Hedging Instruments [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 29 | 1 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 0 | 8 |
Foreign Exchange Contract [Member] | Not Designated as Hedging Instruments [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 25 | 29 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 243 | 261 |
Commodity Contract [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 4 | 20 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 17 | 35 |
Commodity Contract [Member] | Designated as Hedging Instruments [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 0 | 9 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | 0 | 5 |
Commodity Contract [Member] | Not Designated as Hedging Instruments [Member] | ||
Liabilities | ||
Derivative Liabilities, Gross | 4 | 11 |
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract] | ||
Derivative Assets, Gross | $ 17 | $ 30 |
Derivative Instruments and Hedging Activities - Part 3 (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
Cash Flow Hedging [Member] | ||||
Derivative Instruments Gain Loss [Line Items] | ||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | $ (28) | $ 4 | $ (82) | $ (56) |
Gain Loss By Type Of Derivative Tables | ||||
Gain (Losses) Recognized in AOCL | 18 | 11 | 35 | (57) |
Gains (Losses) Recognized in Earnings (ineffective portion) | 0 | 4 | (3) | 4 |
Cash Flow Hedging [Member] | Commodity Contract [Member] | ||||
Derivative Instruments Gain Loss [Line Items] | ||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 0 | 10 | (5) | 13 |
Gain Loss By Type Of Derivative Tables | ||||
Gain (Losses) Recognized in AOCL | 0 | 9 | 0 | 23 |
Cash Flow Hedging [Member] | Foreign currency derivatives [Member] | ||||
Derivative Instruments Gain Loss [Line Items] | ||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | (8) | (1) | (9) | (24) |
Gain Loss By Type Of Derivative Tables | ||||
Gain (Losses) Recognized in AOCL | (11) | (4) | (44) | (15) |
Cash Flow Hedging [Member] | Cross currency derivatives [Member] | ||||
Derivative Instruments Gain Loss [Line Items] | ||||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | (8) | 14 | (26) | 18 |
Gain Loss By Type Of Derivative Tables | ||||
Gain (Losses) Recognized in AOCL | 3 | 12 | (2) | 14 |
Cash Flow Hedging [Member] | Interest Rate Contract [Member] | ||||
Derivative Instruments Gain Loss [Line Items] | ||||
Accumulated Other Comprehensive Income Loss Before Tax Expected Increase Decrease Next Twelve Months | (66) | (66) | ||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | (12) | (19) | (42) | (63) |
Gain Loss By Type Of Derivative Tables | ||||
Gain (Losses) Recognized in AOCL | 26 | (6) | 81 | (79) |
Loss on Discontinuation of Cash Flow Hedge Due to Forecasted Transaction Probable of Not Occurring | 0 | 0 | 0 | (16) |
Not Designated as Hedging Instrument [Member] | ||||
Gain Loss By Type Of Derivative Tables | ||||
Gains (Losses) Recognized in Earnings (not designated as hedging instruments) | (8) | 6 | 177 | (6) |
Not Designated as Hedging Instrument [Member] | Other Contract [Member] | ||||
Gain Loss By Type Of Derivative Tables | ||||
Gains (Losses) Recognized in Earnings (not designated as hedging instruments) | 2 | 1 | 33 | 7 |
Not Designated as Hedging Instrument [Member] | Foreign currency derivatives [Member] | ||||
Gain Loss By Type Of Derivative Tables | ||||
Gains (Losses) Recognized in Earnings (not designated as hedging instruments) | $ (10) | $ 5 | $ 144 | $ (13) |
Derivative Instruments and Hedging Activities Credit Risk-Related Contingent Features (Details) - USD ($) $ in Millions |
Sep. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Derivative [Line Items] | ||
Derivative, Net Liability Position, Aggregate Fair Value | $ 221 | $ 315 |
Contracts Subject To Netting Arrangements [Member] | ||
Derivative [Line Items] | ||
Derivative, Net Liability Position, Aggregate Fair Value | 15 | |
Collateral Already Posted, Aggregate Fair Value | $ 9 |
Financing Receivables (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Jan. 01, 2018 |
Dec. 31, 2017 |
|
Financing Receivable Recorded Investment [Line Items] | ||||||
Financing receivable | $ 119 | $ 119 | $ 194 | |||
Argentina [Member] | ||||||
Financing Receivable Recorded Investment [Line Items] | ||||||
Financing receivable | 83 | 83 | 177 | |||
Other Entity [Member] | ||||||
Financing Receivable Recorded Investment [Line Items] | ||||||
Financing receivable | 9 | 9 | 17 | |||
PANAMA | ||||||
Financing Receivable Recorded Investment [Line Items] | ||||||
Financing receivable | 27 | 27 | $ 0 | |||
Fluence [Member] | ||||||
Financing Receivable Recorded Investment [Line Items] | ||||||
Business Acquisition, Percentage of Voting Interests Acquired | 50.00% | |||||
Other Expense [Member] | ||||||
Financing Receivable Recorded Investment [Line Items] | ||||||
Allowance for other receivables | $ 0 | $ 15 | $ 0 | $ 15 |
Investments In and Advances To Affiliates (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Apr. 09, 2018 |
Jan. 01, 2018 |
Nov. 15, 2017 |
Jul. 25, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
Investments in and Advances to Affiliates [Line Items] | ||||||||
Revenue | $ 2,837 | $ 2,693 | $ 8,114 | $ 7,887 | ||||
Operating margin | 671 | 640 | 1,927 | 1,820 | ||||
Income (Loss) from Equity Method Investments | $ 6 | $ 24 | 31 | 33 | ||||
Minority Owned Affiliates [Member] | ||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||
Revenue | 734 | 532 | ||||||
Operating margin | 119 | 91 | ||||||
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest | 36 | 44 | ||||||
Simple Energy [Member] | ||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||
Payments to Acquire Businesses, Net of Cash Acquired | $ 35 | |||||||
sPower [Member] | ||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||
Equity Method Investment, Ownership Percentage | 2.00% | 48.00% | ||||||
Payments to Acquire Businesses, Net of Cash Acquired | $ 19 | $ 461 | ||||||
Fluence [Member] | ||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||
Payments to Acquire Interest in Joint Venture | $ 7 | |||||||
Business Acquisition, Percentage of Voting Interests Acquired | 50.00% | |||||||
Business Combination, Consideration Transferred | $ 50 | |||||||
Non-cash [Member] | Fluence [Member] | ||||||||
Investments in and Advances to Affiliates [Line Items] | ||||||||
Contribution of Property | $ 20 | $ 20 | $ 0 |
Debt - Recourse Debt (Details) - USD ($) $ in Millions |
1 Months Ended | 3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|---|
Mar. 31, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Mar. 01, 2017 |
|
Debt Instrument [Line Items] | ||||||
Gain (loss) on extinguishment of debt | $ (11) | $ (49) | $ (187) | $ (44) | ||
7.375% Senior Notes Due 2021 [Member] [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Redeemed notes | $ 276 | 690 | ||||
5.5% Senior Notes Due 2024 [Member] [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Redeemed notes | 671 | |||||
5.5% Senior Notes Due 2025 [Member] [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Redeemed notes | $ 29 | |||||
8.0% Senior Notes Due 2020 [Domain] | ||||||
Debt Instrument [Line Items] | ||||||
Redeemed notes | $ 24 | $ 228 | 217 | |||
5.125% Senior Notes Due 2027 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Redeemed notes | 240 | |||||
Senior Notes [Member] | Convertible Debt [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Issued senior notes | 517 | 517 | ||||
Senior Notes [Member] | LIBOR 2.00% Senior Notes Due in 2022 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Issued senior notes | $ 525 | $ 525 | ||||
Senior Notes [Member] | 4.0% Senior Notes Due 2021 [Domain] [Domain] | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate on senior notes | 4.00% | 4.00% | ||||
Issued senior notes | $ 500 | $ 500 | ||||
Senior Notes [Member] | 4.5% Senior Notes Due 2023 [Domain] [Domain] | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate on senior notes | 4.50% | 4.50% | ||||
Issued senior notes | $ 500 | $ 500 | ||||
Senior Notes [Member] | 5.5% Senior Notes Due 2024 [Member] [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate on senior notes | 5.50% | 5.50% | ||||
Senior Notes [Member] | 5.5% Senior Notes Due 2025 [Member] [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate on senior notes | 5.50% | 5.50% | ||||
Senior Notes [Member] | 8.0% Senior Notes Due 2020 [Domain] | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate on senior notes | 8.00% | 8.00% | ||||
Senior Notes [Member] | 5.125% Senior Notes Due 2027 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate on senior notes | 5.125% | 5.125% | ||||
Issued senior notes | $ 500 | $ 500 | ||||
Unsecured Debt [Member] | 7.375% Senior Notes Due 2021 [Member] [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate on senior notes | 7.375% | |||||
Unsecured Debt [Member] | 8.0% Senior Notes Due 2020 [Domain] | ||||||
Debt Instrument [Line Items] | ||||||
Interest rate on senior notes | 8.00% | |||||
Unsecured Debt [Member] | Recourse Debt [Member] | 4.0% Senior Notes Due 2021 [Domain] [Domain] | ||||||
Debt Instrument [Line Items] | ||||||
Gain (loss) on extinguishment of debt | $ (125) | |||||
Unsecured Debt [Member] | Recourse Debt [Member] | 5.5% Senior Notes Due 2024 [Member] [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Gain (loss) on extinguishment of debt | (44) | |||||
Unsecured Debt [Member] | Recourse Debt [Member] | 8.0% Senior Notes Due 2020 [Domain] | ||||||
Debt Instrument [Line Items] | ||||||
Gain (loss) on extinguishment of debt | (47) | $ (36) | ||||
Secured Debt [Member] | Recourse Debt [Member] | LIBOR 2.00% Senior Notes Due in 2022 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Gain (loss) on extinguishment of debt | $ (6) | |||||
London Interbank Offered Rate (LIBOR) [Member] | LIBOR 2.00% Senior Notes Due in 2022 [Member] | Recourse Debt [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 2.00% | |||||
London Interbank Offered Rate (LIBOR) [Member] | Senior Unsecured Note LIBOR plus 3% due 2019 [Member] | Recourse Debt [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 3.00% |
Debt - Non-Recourse Debt Narrative (Details) $ in Millions |
1 Months Ended | 3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|---|
Feb. 28, 2017
USD ($)
|
Sep. 30, 2018
USD ($)
|
Sep. 30, 2017
USD ($)
|
Sep. 30, 2018
USD ($)
|
Sep. 30, 2017
USD ($)
|
|
Debt Instrument [Line Items] | |||||
Debt defaults at risk of causing cross default | 0 | 0 | |||
Loss on extinguishment of debt | $ 11 | $ 49 | $ 187 | $ 44 | |
Proceeds from Issuance of Debt | $ 75 | ||||
Nonrecourse Debt [Member] | AES Southland [Domain] | |||||
Debt Instrument [Line Items] | |||||
Loss on extinguishment of debt | 0 | ||||
Issued new debt | 587 | 587 | |||
Repayments of Long-term Debt | 0 | ||||
Nonrecourse Debt [Member] | AES Tiete [Domain] | |||||
Debt Instrument [Line Items] | |||||
Loss on extinguishment of debt | 0 | ||||
Issued new debt | 385 | 385 | |||
Repayments of Long-term Debt | (231) | ||||
Nonrecourse Debt [Member] | Alto Maipo [Member] | |||||
Debt Instrument [Line Items] | |||||
Loss on extinguishment of debt | 0 | ||||
Issued new debt | 104 | 104 | |||
Repayments of Long-term Debt | 0 | ||||
Nonrecourse Debt [Member] | Andes - Generation [Member] | |||||
Debt Instrument [Line Items] | |||||
Loss on extinguishment of debt | (65) | ||||
Nonrecourse Debt [Member] | DPL Subsidiary [Member] | |||||
Debt Instrument [Line Items] | |||||
Loss on extinguishment of debt | (6) | ||||
Issued new debt | 0 | 0 | |||
Repayments of Long-term Debt | (106) | ||||
Nonrecourse Debt [Member] | Gener Subsidiary [Member] | |||||
Debt Instrument [Line Items] | |||||
Loss on extinguishment of debt | (7) | ||||
Issued new debt | 0 | 0 | |||
Repayments of Long-term Debt | (104) | ||||
Nonrecourse Debt [Member] | Angamos [Member] | |||||
Debt Instrument [Line Items] | |||||
Loss on extinguishment of debt | 0 | ||||
Issued new debt | $ 0 | 0 | |||
Repayments of Long-term Debt | $ (98) | ||||
7.75% Senior Notes Due 2024 [Member] | Nonrecourse Debt [Member] | Andes - Generation [Member] | |||||
Debt Instrument [Line Items] | |||||
Issued new debt | $ 300 | $ 300 |
Debt - Subsidiary Non-recourse Debt in Default or Accelerated (Details) $ in Millions |
Sep. 30, 2018
USD ($)
|
---|---|
Nonrecourse Debt Default [Line Items] | |
Materiality threshold for cash distribution from business to Parent | 20.00% |
Debt defaults at risk of causing cross default | 0 |
Debt Default Amount | $ 357 |
Covenant Violation [Member] | PUERTO RICO | |
Nonrecourse Debt Default [Line Items] | |
Net Assets | 135 |
Debt Default Amount | 322 |
Covenant Violation [Member] | AES llumina [Member] | |
Nonrecourse Debt Default [Line Items] | |
Net Assets | 17 |
Debt Default Amount | $ 35 |
Contingencies and Commitments (Details) $ in Millions |
9 Months Ended | ||||
---|---|---|---|---|---|
Sep. 30, 2018
USD ($)
agreement
|
Dec. 31, 2017
USD ($)
|
||||
Guarantees Letters Of Credit [Abstract] | |||||
The range of expiration dates of guarantees made by the Parent Company | less than one year to more than 18 years | ||||
Contingent Contractual Obligations [Line Items] | |||||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 853 | ||||
Number of Agreements | agreement | 53 | ||||
Environmental Remediation Contingency [Domain] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Accrual for Environmental Loss Contingencies | $ 5 | $ 5 | |||
Guarantee Obligations [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 435 | ||||
Number of Agreements | agreement | 21 | ||||
Indemnification Agreement [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Guarantor Obligations, Maximum Exposure, Undiscounted | [1] | $ 27 | |||
Number of Agreements | agreement | [1] | 1 | |||
Minimum [Member] | Guarantee Obligations [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Loss Contingency, Estimate of Possible Loss | $ 1 | ||||
Minimum [Member] | Indemnification Agreement [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Loss Contingency, Estimate of Possible Loss | [1] | $ 27 | |||
Minimum [Member] | Standby Letters of Credit [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Letter of credit fee percentage paid | 1.00% | ||||
Maximum [Member] | Environmental Remediation Contingency [Domain] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Loss Contingency, Estimate of Possible Loss | $ 16 | ||||
Maximum [Member] | Guarantee Obligations [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Loss Contingency, Estimate of Possible Loss | 68 | ||||
Maximum [Member] | Indemnification Agreement [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Loss Contingency, Estimate of Possible Loss | [1] | $ 27 | |||
Maximum [Member] | Standby Letters of Credit [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Letter of credit fee percentage paid | 3.00% | ||||
Unsecured Debt [Member] | Financial Standby Letter of Credit [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 348 | ||||
Number of Agreements | agreement | 6 | ||||
Unsecured Debt [Member] | Minimum [Member] | Financial Standby Letter of Credit [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Loss Contingency, Estimate of Possible Loss | $ 2 | ||||
Unsecured Debt [Member] | Maximum [Member] | Financial Standby Letter of Credit [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Loss Contingency, Estimate of Possible Loss | 247 | ||||
Secured Debt [Member] | Financial Standby Letter of Credit [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Guarantor Obligations, Maximum Exposure, Undiscounted | $ 43 | ||||
Number of Agreements | agreement | 25 | ||||
Secured Debt [Member] | Minimum [Member] | Financial Standby Letter of Credit [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Loss Contingency, Estimate of Possible Loss | $ 1 | ||||
Secured Debt [Member] | Maximum [Member] | Financial Standby Letter of Credit [Member] | |||||
Contingent Contractual Obligations [Line Items] | |||||
Loss Contingency, Estimate of Possible Loss | $ 14 | ||||
|
Contingencies and Commitments - Loss Contingencies (Details) - USD ($) $ in Millions |
Sep. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Environmental Remediation Contingency [Domain] | ||
Environmental Contingencies | ||
Liability recorded for projected environmental remediation costs | $ 5 | $ 5 |
Litigation [Member] | ||
Litigation Contingencies | ||
Aggregate reserves for claims deemed both probable and reasonably estimable | 48 | $ 50 |
Maximum [Member] | Environmental Remediation Contingency [Domain] | ||
Litigation Contingencies | ||
Loss Contingency, Estimate of Possible Loss ( Equal to or less than) | 16 | |
Maximum [Member] | Litigation [Member] | ||
Litigation Contingencies | ||
Loss Contingency, Estimate of Possible Loss ( Equal to or less than) | 127 | |
Minimum [Member] | Litigation [Member] | ||
Litigation Contingencies | ||
Loss Contingency, Estimate of Possible Loss ( Equal to or less than) | $ 99 |
Redeemable Stocks of Subsidiaries (Details) - USD ($) $ in Millions |
9 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Dec. 31, 2017 |
||||||
Temporary Equity [Line Items] | ||||||||
Temporary Equity, Other Charges | [1] | $ (4) | $ (19) | |||||
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests | 879 | $ 837 | ||||||
Temporary Equity, Net Income | 3 | 9 | ||||||
Noncontrolling Interest, Increase from Sale of Parent Equity Interest | 20 | 69 | ||||||
Colon [Domain] | ||||||||
Temporary Equity [Line Items] | ||||||||
Temporary Equity, Other Charges | 34 | 30 | ||||||
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests | [2] | 201 | 159 | |||||
IPALCO Enterprises, Inc. [Member] | ||||||||
Temporary Equity [Line Items] | ||||||||
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests | 618 | 618 | ||||||
IPL Subsidiary [Member] | ||||||||
Temporary Equity [Line Items] | ||||||||
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests | 60 | $ 60 | ||||||
Noncontrolling Interest [Member] | ||||||||
Temporary Equity [Line Items] | ||||||||
Temporary Equity, Other Charges | [1] | 0 | 0 | |||||
Temporary Equity, Net Income | 3 | 9 | ||||||
Noncontrolling Interest, Increase from Sale of Parent Equity Interest | $ 21 | $ 47 | ||||||
|
Equity (Details) - USD ($) |
3 Months Ended | 9 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Jan. 01, 2018 |
Dec. 31, 2017 |
Mar. 31, 2017 |
||||||||
Changes In Equity Disclosure [Line Items] | ||||||||||||||
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | $ (222,000,000) | |||||||||||||
Stockholders' Equity Attributable to Parent | $ 3,305,000,000 | 3,305,000,000 | $ 2,465,000,000 | |||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Beginning Balance | 4,845,000,000 | $ 5,700,000,000 | ||||||||||||
Net income | 191,000,000 | $ 261,000,000 | 1,384,000,000 | 509,000,000 | ||||||||||
Net Income (Loss) Attributable to Noncontrolling Interest | 90,000,000 | 88,000,000 | 311,000,000 | 298,000,000 | ||||||||||
Total foreign currency translation adjustment, net of income tax | (45,000,000) | 80,000,000 | (160,000,000) | 127,000,000 | ||||||||||
Total change in derivative fair value, net of income tax | 36,000,000 | 6,000,000 | 99,000,000 | 8,000,000 | ||||||||||
Total pension adjustments, net of income tax | 1,000,000 | 7,000,000 | 5,000,000 | 20,000,000 | ||||||||||
Cumulative effect of a change in accounting principle (1) | [1] | 168,000,000 | 31,000,000 | 168,000,000 | 31,000,000 | |||||||||
Temporary Equity, Other Changes | [2] | (4,000,000) | (19,000,000) | |||||||||||
Contributions from noncontrolling interests | 6,000,000 | 17,000,000 | ||||||||||||
Distributions to noncontrolling interests | (253,000,000) | (261,000,000) | ||||||||||||
Disposition of businesses (3) | [3] | (250,000,000) | 0 | |||||||||||
Issuance and exercise of stock-based compensation | 18,000,000 | 12,000,000 | ||||||||||||
Dividends declared on common stock | (172,000,000) | (158,000,000) | ||||||||||||
Sale of subsidiary shares to noncontrolling interests | 20,000,000 | 69,000,000 | ||||||||||||
Acquisition of subsidiary shares from noncontrolling interests | 0 | 115,000,000 | ||||||||||||
Temporary Equity, Net Income | 3,000,000 | 9,000,000 | ||||||||||||
Ending Balance | 5,709,000,000 | 6,179,000,000 | 5,709,000,000 | 6,179,000,000 | ||||||||||
Additional Paid in Capital | 8,328,000,000 | 8,328,000,000 | 8,501,000,000 | |||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (2,020,000,000) | (2,020,000,000) | $ (1,857,000,000) | $ (1,876,000,000) | ||||||||||
AOCI Attributable to Parent [Member] | ||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Total foreign currency translation adjustment, net of income tax | (232,000,000) | |||||||||||||
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ||||||||||||||
Changes In Equity Disclosure [Line Items] | ||||||||||||||
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 9,000,000 | |||||||||||||
Accumulated Translation Adjustment [Member] | ||||||||||||||
Changes In Equity Disclosure [Line Items] | ||||||||||||||
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (231,000,000) | |||||||||||||
Accumulated Defined Benefit Plans Adjustment [Member] | ||||||||||||||
Changes In Equity Disclosure [Line Items] | ||||||||||||||
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 0 | |||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Total pension adjustments, net of income tax | 5,000,000 | |||||||||||||
Parent [Member] | ||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Beginning Balance | 2,465,000,000 | 2,794,000,000 | ||||||||||||
Net income | 1,075,000,000 | 181,000,000 | ||||||||||||
Total foreign currency translation adjustment, net of income tax | (232,000,000) | 117,000,000 | ||||||||||||
Total change in derivative fair value, net of income tax | 64,000,000 | 5,000,000 | ||||||||||||
Total pension adjustments, net of income tax | 5,000,000 | 1,000,000 | ||||||||||||
Cumulative effect of a change in accounting principle (1) | [1] | 87,000,000 | 31,000,000 | 87,000,000 | 31,000,000 | |||||||||
Temporary Equity, Other Changes | [2] | (4,000,000) | (19,000,000) | |||||||||||
Contributions from noncontrolling interests | 0 | 0 | ||||||||||||
Distributions to noncontrolling interests | 0 | 0 | ||||||||||||
Disposition of businesses (3) | [3] | 0 | 0 | |||||||||||
Issuance and exercise of stock-based compensation | 18,000,000 | 12,000,000 | ||||||||||||
Dividends declared on common stock | (172,000,000) | (158,000,000) | ||||||||||||
Sale of subsidiary shares to noncontrolling interests | (1,000,000) | 22,000,000 | ||||||||||||
Acquisition of subsidiary shares from noncontrolling interests | 0 | 200,000,000 | ||||||||||||
Temporary Equity, Net Income | 0 | 0 | ||||||||||||
Ending Balance | 3,305,000,000 | 3,186,000,000 | 3,305,000,000 | 3,186,000,000 | ||||||||||
Noncontrolling Interest [Member] | ||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Beginning Balance | 2,380,000,000 | 2,906,000,000 | ||||||||||||
Net income | 309,000,000 | 328,000,000 | ||||||||||||
Total foreign currency translation adjustment, net of income tax | 72,000,000 | 10,000,000 | ||||||||||||
Total change in derivative fair value, net of income tax | 35,000,000 | 3,000,000 | ||||||||||||
Total pension adjustments, net of income tax | 0 | 19,000,000 | ||||||||||||
Cumulative effect of a change in accounting principle (1) | [1] | 81,000,000 | 0 | 81,000,000 | 0 | |||||||||
Temporary Equity, Other Changes | [2] | 0 | 0 | |||||||||||
Contributions from noncontrolling interests | 6,000,000 | 17,000,000 | ||||||||||||
Distributions to noncontrolling interests | (253,000,000) | (261,000,000) | ||||||||||||
Disposition of businesses (3) | [3] | (250,000,000) | 0 | |||||||||||
Issuance and exercise of stock-based compensation | 0 | 0 | ||||||||||||
Dividends declared on common stock | 0 | 0 | ||||||||||||
Sale of subsidiary shares to noncontrolling interests | 21,000,000 | 47,000,000 | ||||||||||||
Acquisition of subsidiary shares from noncontrolling interests | 0 | (85,000,000) | ||||||||||||
Temporary Equity, Net Income | 3,000,000 | 9,000,000 | ||||||||||||
Ending Balance | $ 2,404,000,000 | $ 2,993,000,000 | $ 2,404,000,000 | $ 2,993,000,000 | ||||||||||
Alto Maipo [Member] | ||||||||||||||
Changes In Equity Disclosure [Line Items] | ||||||||||||||
Stockholders' Equity Attributable to Parent | $ 196,000,000 | |||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||||||||||
Additional Paid in Capital | 229,000,000 | |||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (33,000,000) | |||||||||||||
|
Equity Equity Transactions with Noncontrolling Interests (Details) - USD ($) |
3 Months Ended | 9 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|
Sep. 28, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Mar. 31, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Jan. 01, 2018 |
Dec. 31, 2017 |
|
Noncontrolling Interest [Line Items] | ||||||||
Additional Paid in Capital | $ 8,328,000,000 | $ 8,328,000,000 | $ 8,501,000,000 | |||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (2,020,000,000) | (2,020,000,000) | $ (1,857,000,000) | (1,876,000,000) | ||||
Stockholders' Equity Attributable to Parent | 3,305,000,000 | 3,305,000,000 | $ 2,465,000,000 | |||||
Loss (gain) on disposal and sale of businesses | $ (21,000,000) | $ (1,000,000) | $ 856,000,000 | $ (49,000,000) | ||||
Dominican Republic [Member] | ||||||||
Noncontrolling Interest [Line Items] | ||||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 5.00% | 5.00% | ||||||
Proceeds from Divestiture of Businesses | $ 60,000,000 | |||||||
Gain on Disposition of Stock in Subsidiary, Recorded to APIC | $ 25,000,000 | |||||||
Loss (gain) on disposal and sale of businesses | $ 0 | |||||||
Alto Maipo [Member] | ||||||||
Noncontrolling Interest [Line Items] | ||||||||
Business Acquisition, Percentage of Voting Interests Acquired | 40.00% | |||||||
Noncontrolling Interest, Ownership Percentage by Parent | 62.00% | |||||||
Additional Paid in Capital | $ 229,000,000 | |||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (33,000,000) | |||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 6.70% | |||||||
Stockholders' Equity Attributable to Parent | $ 196,000,000 | |||||||
Loss (gain) on disposal and sale of businesses | $ 0 |
Equity Accumulated Other Comprehensive Loss (Details) - USD ($) |
3 Months Ended | 9 Months Ended | |||||
---|---|---|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Jan. 01, 2018 |
Dec. 31, 2017 |
Mar. 31, 2017 |
|
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Retained Earnings (Accumulated Deficit) | $ (1,133,000,000) | $ (1,133,000,000) | $ (2,209,000,000) | $ (2,276,000,000) | |||
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent | (163,000,000) | ||||||
Other Comprehensive Income (Loss), Net of Tax | (8,000,000) | $ 93,000,000 | (56,000,000) | $ 155,000,000 | |||
Unfunded pension obligation, Net of Tax | (52,000,000) | (52,000,000) | (57,000,000) | ||||
Foreign currency translation adjustment, Net of Tax | (1,718,000,000) | (1,718,000,000) | (1,486,000,000) | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | (2,020,000,000) | (2,020,000,000) | (1,857,000,000) | (1,876,000,000) | |||
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (222,000,000) | ||||||
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax | (250,000,000) | (250,000,000) | $ (333,000,000) | ||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 59,000,000 | ||||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | (45,000,000) | 80,000,000 | (160,000,000) | 127,000,000 | |||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 15,000,000 | 5,000,000 | 32,000,000 | (42,000,000) | |||
Total pension adjustments, net of income tax | 1,000,000 | $ 7,000,000 | 5,000,000 | $ 20,000,000 | |||
AOCI Attributable to Parent [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax | (232,000,000) | ||||||
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 9,000,000 | ||||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 55,000,000 | ||||||
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax | 64,000,000 | ||||||
Accumulated Defined Benefit Plans Adjustment [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 0 | ||||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 5,000,000 | ||||||
Total pension adjustments, net of income tax | 5,000,000 | ||||||
Accumulated Translation Adjustment [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | (231,000,000) | ||||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (1,000,000) | ||||||
Alto Maipo [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ (33,000,000) | ||||||
ASC 606 Impact [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Retained Earnings (Accumulated Deficit) | 98,000,000 | 98,000,000 | 67,000,000 | ||||
Accumulated Other Comprehensive Income (Loss), Net of Tax | $ 18,000,000 | 18,000,000 | $ 19,000,000 | ||||
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 19,000,000 | ||||||
ASC 606 Impact [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 19,000,000 | ||||||
ASC 606 Impact [Member] | Accumulated Translation Adjustment [Member] | |||||||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||||||
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | $ 0 |
Equity Reclassifications Out of AOCL (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Non-regulated cost of sales | $ (2,166) | $ (2,053) | $ (6,187) | $ (6,067) |
General and Administrative Expense | (43) | (52) | (134) | (155) |
Other Expenses | (29) | (36) | (42) | (67) |
Interest expense | (255) | (297) | (799) | (860) |
Foreign currency transaction gains (losses) | 5 | 22 | (44) | 14 |
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES | 332 | 304 | 1,672 | 687 |
Income tax expense | (146) | (93) | (509) | (246) |
Income (Loss) from Equity Method Investments | 6 | 24 | 31 | 33 |
INCOME FROM CONTINUING OPERATIONS | 192 | 235 | 1,194 | 474 |
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | (4) | 26 | (9) | 35 |
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | 3 | 0 | 199 | 0 |
Net income | 191 | 261 | 1,384 | 509 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest | 0 | (21) | 2 | (30) |
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION | 101 | 152 | 1,075 | 181 |
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 59 | |||
Gain (Loss) on Disposition of Business | 21 | 1 | (856) | 49 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (18) | (1) | (59) | (142) |
Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | ||||
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (1) | |||
Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | 0 | 0 | (18) | 0 |
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION | 3 | 0 | 1 | (98) |
Gain (Loss) on Disposition of Business | 3 | 0 | 19 | (98) |
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
General and Administrative Expense | (1) | 0 | (2) | 1 |
Other Expenses | 0 | (1) | (1) | (1) |
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES | (1) | (1) | (3) | 0 |
INCOME FROM CONTINUING OPERATIONS | (1) | (1) | (3) | 0 |
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | 0 | (6) | 0 | (20) |
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | 0 | 0 | (2) | 0 |
Net income | (1) | (7) | (5) | (20) |
Accumulated Net Gain (Loss) from Cash Flow Hedges Including Portion Attributable to Noncontrolling Interest [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Non-regulated revenue | (1) | 12 | (6) | 22 |
Non-regulated cost of sales | 1 | 2 | 3 | 11 |
Interest expense | 11 | 20 | 38 | 63 |
Foreign currency transaction gains (losses) | (15) | 14 | (35) | (4) |
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES | (28) | 4 | (82) | (56) |
Income tax expense | 7 | (5) | 15 | 6 |
INCOME FROM CONTINUING OPERATIONS | (21) | (1) | (67) | (50) |
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Noncontrolling Interest [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Less: Net income from continuing operations attributable to noncontrolling interests and redeemable stock of subsidiaries | 1 | 1 | 12 | 10 |
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | ||||
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 55 | |||
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION | (20) | 0 | (55) | (40) |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | ||||
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 5 | |||
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest | 0 | 6 | 0 | 16 |
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION | $ (1) | $ (1) | $ (5) | $ (4) |
Equity Common Stock Dividends (Details) - $ / shares |
3 Months Ended | 9 Months Ended | |||||
---|---|---|---|---|---|---|---|
Oct. 05, 2018 |
Sep. 30, 2018 |
Jun. 30, 2018 |
Mar. 31, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
Common Stock, Dividends, Per Share, Cash Paid | $ 0.13 | $ 0.13 | $ 0.13 | ||||
Common Stock, Dividends, Per Share, Declared | $ 0.13 | $ 0.12 | $ 0.26 | $ 0.24 | |||
Scenario, Forecast [Member] | |||||||
Common Stock, Dividends, Per Share, Declared | $ 0.13 |
Segments (Details) $ in Millions |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2018
USD ($)
|
Sep. 30, 2017
USD ($)
|
Sep. 30, 2018
USD ($)
segment
|
Sep. 30, 2017
USD ($)
|
Dec. 31, 2017
USD ($)
|
|
Segment Reporting Information [Line Items] | |||||
Number of strategic business units | segment | 4 | ||||
Number of reportable segments | segment | 4 | ||||
Revenue | |||||
Total Revenue | $ 2,837 | $ 2,693 | $ 8,114 | $ 7,887 | |
Adjusted PTC | |||||
Adjusted Pretax Contribution | 327 | 238 | 870 | 670 | |
Reconciliation To Income From Continuing Operations Before Taxes | |||||
Unrealized derivative losses (gains) | 16 | (8) | 4 | (7) | |
Unrealized foreign currency transaction losses (gains) | (7) | (21) | 42 | (54) | |
Disposition/acquisition losses (gains) | 17 | 1 | (822) | 109 | |
Impairment losses | 80 | 2 | 172 | 264 | |
Extinguishment of debt losses (gains) | (1) | 48 | 177 | 43 | |
Pretax contribution | 222 | 216 | 1,294 | 315 | |
Net equity in earnings of affiliates | 6 | 24 | 31 | 33 | |
Less: Income (loss) from continuing operations before taxes, attributable to noncontrolling interests | (116) | (112) | (409) | (405) | |
Income (loss) from continuing operations before taxes and equity in earnings of affiliates | 332 | 304 | 1,672 | 687 | |
Restructuring Costs | 0 | 0 | 3 | 0 | |
Assets | |||||
Total Assets | 32,489 | 32,489 | $ 33,112 | ||
Operating Segments [Member] | |||||
Revenue | |||||
Total Revenue | 2,837 | 2,693 | 8,114 | 7,887 | |
Adjusted PTC | |||||
Adjusted Pretax Contribution | 327 | 238 | 870 | 670 | |
Intersegment Eliminations [Member] | |||||
Revenue | |||||
Total Revenue | (9) | (13) | (34) | (22) | |
US and Utilities [Domain] | |||||
Revenue | |||||
Total Revenue | 1,230 | 3,252 | |||
Assets | |||||
Total Assets | 11,971 | 11,971 | 11,297 | ||
US and Utilities [Domain] | Operating Segments [Member] | |||||
Revenue | |||||
Total Revenue | 1,230 | 1,086 | 3,252 | 3,179 | |
Adjusted PTC | |||||
Adjusted Pretax Contribution | 167 | 138 | 363 | 288 | |
MCAC [Member] | |||||
Revenue | |||||
Total Revenue | 462 | 1,276 | |||
Assets | |||||
Total Assets | 4,477 | 4,477 | 4,087 | ||
MCAC [Member] | Operating Segments [Member] | |||||
Revenue | |||||
Total Revenue | 462 | 397 | 1,276 | 1,120 | |
Adjusted PTC | |||||
Adjusted Pretax Contribution | 81 | 91 | 215 | 209 | |
EURASIA [Member] | |||||
Revenue | |||||
Total Revenue | 224 | 935 | |||
Assets | |||||
Total Assets | 4,588 | 4,588 | 4,557 | ||
EURASIA [Member] | Operating Segments [Member] | |||||
Revenue | |||||
Total Revenue | 224 | 380 | 935 | 1,204 | |
Adjusted PTC | |||||
Adjusted Pretax Contribution | 37 | 61 | 175 | 218 | |
Corporate Other And Other Eliminations [Member] | |||||
Revenue | |||||
Total Revenue | (2) | (13) | |||
Assets | |||||
Total Assets | 293 | 293 | 263 | ||
Corporate Other And Other Eliminations [Member] | Operating Segments [Member] | |||||
Revenue | |||||
Total Revenue | 7 | 9 | 21 | 29 | |
Adjusted PTC | |||||
Adjusted Pretax Contribution | (86) | (119) | (264) | (334) | |
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | |||||
Assets | |||||
Total Assets | 111 | 111 | 2,034 | ||
South America [Member] | |||||
Revenue | |||||
Total Revenue | 923 | 2,664 | |||
Assets | |||||
Total Assets | 11,049 | 11,049 | $ 10,874 | ||
South America [Member] | Operating Segments [Member] | |||||
Revenue | |||||
Total Revenue | 923 | 834 | 2,664 | 2,377 | |
Adjusted PTC | |||||
Adjusted Pretax Contribution | $ 128 | $ 67 | $ 381 | $ 289 |
Revenue (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
Disaggregation of Revenue [Line Items] | ||||
Revenues | $ 2,837 | $ 2,693 | $ 8,114 | $ 7,887 |
Regulated Revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 759 | 2,176 | ||
Other non-606 revenue | 18 | 39 | ||
Revenues | 777 | 2,215 | ||
Non-regulated revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 1,898 | 5,336 | ||
Other non-606 revenue | 162 | 563 | ||
Revenues | 2,060 | 5,899 | ||
US and Utilities [Domain] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 1,230 | 3,252 | ||
US and Utilities [Domain] | Regulated Revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 759 | 2,176 | ||
Other non-606 revenue | 18 | 39 | ||
Revenues | 777 | 2,215 | ||
US and Utilities [Domain] | Non-regulated revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 386 | 774 | ||
Other non-606 revenue | 67 | 263 | ||
Revenues | 453 | 1,037 | ||
South America [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 923 | 2,664 | ||
South America [Member] | Regulated Revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | ||
Other non-606 revenue | 0 | 0 | ||
Revenues | 0 | 0 | ||
South America [Member] | Non-regulated revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 922 | 2,661 | ||
Other non-606 revenue | 1 | 3 | ||
Revenues | 923 | 2,664 | ||
MCAC [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 462 | 1,276 | ||
MCAC [Member] | Regulated Revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | ||
Other non-606 revenue | 0 | 0 | ||
Revenues | 0 | 0 | ||
MCAC [Member] | Non-regulated revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 440 | 1,211 | ||
Other non-606 revenue | 22 | 65 | ||
Revenues | 462 | 1,276 | ||
Eurasia - Generation [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | 224 | 935 | ||
Eurasia - Generation [Member] | Regulated Revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | ||
Other non-606 revenue | 0 | 0 | ||
Revenues | 0 | 0 | ||
Eurasia - Generation [Member] | Non-regulated revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 152 | 701 | ||
Other non-606 revenue | 72 | 234 | ||
Revenues | 224 | 935 | ||
Corporate Other And Other Eliminations [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenues | (2) | (13) | ||
Corporate Other And Other Eliminations [Member] | Regulated Revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | 0 | 0 | ||
Other non-606 revenue | 0 | 0 | ||
Revenues | 0 | 0 | ||
Corporate Other And Other Eliminations [Member] | Non-regulated revenue [Member] | ||||
Disaggregation of Revenue [Line Items] | ||||
Revenue from Contract with Customer, Including Assessed Tax | (2) | (11) | ||
Other non-606 revenue | 0 | (2) | ||
Revenues | $ (2) | $ (13) |
Revenue Contract Balances (Details) - USD ($) $ in Millions |
9 Months Ended | ||
---|---|---|---|
Sep. 30, 2018 |
Jan. 01, 2018 |
Dec. 31, 2017 |
|
Revenue from Contract with Customer [Abstract] | |||
Contract with Customer, Liability | $ 116 | $ 131 | |
Contract with Customer, Liability, Revenue Recognized | 33 | ||
Loan receivable | $ 1,441 | $ 1,490 | $ 0 |
Revenue Remaining Performance Obligations (Details) $ in Millions |
Sep. 30, 2018
USD ($)
|
---|---|
Remaining Performance Obligations [Abstract] | |
Revenue, Remaining Performance Obligation, Amount | $ 16 |
Other Income and Expense - Other Income (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|||
Schedule of Other Nonoperating Income [Line Items] | ||||||
Other income | $ 10 | $ 16 | $ 30 | $ 103 | ||
Other Income [Member] | ||||||
Schedule of Other Nonoperating Income [Line Items] | ||||||
Litigation Settlement, Amount Awarded from Other Party | [1] | 0 | 0 | 0 | 60 | |
Public Utilities, Allowance for Funds Used During Construction, Additions | 1 | 7 | 8 | 20 | ||
Other Nonoperating Income | 9 | 9 | 22 | 23 | ||
Other income | $ 10 | $ 16 | $ 30 | $ 103 | ||
|
Other Income and Expense - Other Expense (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
Schedule of other expense [Line Items] | ||||
Gain (Loss) on Disposition of Assets | $ (23) | $ (34) | ||
Other Expenses | $ 29 | $ 36 | 42 | 67 |
Other Expense [Member] | ||||
Schedule of other expense [Line Items] | ||||
Gain (Loss) on Disposition of Assets | 20 | 5 | 25 | 26 |
Water Rights Write-Off | 0 | 15 | 0 | 18 |
Allowance for other receivables | 0 | 15 | 0 | 15 |
Other Nonoperating Expense | 9 | 1 | 17 | 8 |
Other Expenses | $ 29 | $ 36 | $ 42 | $ 67 |
Asset Impairment Expense (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Sep. 30, 2018 |
Jun. 30, 2018 |
Sep. 30, 2017 |
Mar. 31, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
Asset Impairment Expense [Line Items] | ||||||
Impairment of Long-Lived Assets Held-for-use | $ 74 | $ 2 | $ 166 | $ 260 | ||
US Generation Facility [Member] | ||||||
Asset Impairment Expense [Line Items] | ||||||
Impairment of Long-Lived Assets Held-for-use | 73 | $ 83 | 0 | 156 | 0 | |
Kazakhstan Hydro [Member] | ||||||
Asset Impairment Expense [Line Items] | ||||||
Impairment of Long-Lived Assets to be Disposed of | 0 | 2 | 0 | 92 | ||
Kazakhstan [Member] | ||||||
Asset Impairment Expense [Line Items] | ||||||
Impairment of Long-Lived Assets to be Disposed of | 0 | 0 | 0 | 94 | ||
DPL Subsidiary [Member] | ||||||
Asset Impairment Expense [Line Items] | ||||||
Impairment of Long-Lived Assets Held-for-use | 0 | 0 | 0 | 66 | ||
Other Subsidiaries [Member] | ||||||
Asset Impairment Expense [Line Items] | ||||||
Impairment of Long-Lived Assets Held-for-use | 1 | 0 | 10 | 8 | ||
Long Lived Assets Held For Sale [Member] | Kazakhstan Hydro [Member] | ||||||
Asset Impairment Expense [Line Items] | ||||||
Assets Carrying Amount Disclosure Nonrecurring | 190 | 190 | ||||
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses) | 100 | |||||
Fair Value Less Costs To Sell | $ 92 | $ 92 | ||||
Long Lived Assets Held For Sale [Member] | Kazakhstan [Member] | ||||||
Asset Impairment Expense [Line Items] | ||||||
Assets Carrying Amount Disclosure Nonrecurring | $ 171 | |||||
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses) | 92 | |||||
Fair Value Less Costs To Sell | 29 | |||||
Impairment of Long-Lived Assets to be Disposed of | 94 | |||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | US Generation Facility [Member] | ||||||
Asset Impairment Expense [Line Items] | ||||||
Assets, fair value | $ 55 | $ 127 | $ 55 | |||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Stuart Station [Member] | ||||||
Asset Impairment Expense [Line Items] | ||||||
Assets, fair value | 3 | |||||
Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets Held And Used [Member] | Killen Station [Member] | ||||||
Asset Impairment Expense [Line Items] | ||||||
Assets, fair value | $ 8 |
Dispositions Dispositions (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | |||
---|---|---|---|---|---|
Sep. 30, 2018 |
Mar. 31, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Impairment of Long-Lived Assets Held-for-use | $ 74 | $ 2 | $ 166 | $ 260 | |
Proceeds from the sale of businesses, net of cash and restricted cash sold, and equity method investments | 1,796 | 39 | |||
Gain (loss) on disposal and sale of businesses | (21) | (1) | 856 | (49) | |
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Income (Loss) from Individually Significant Component Disposed of or Held-for-sale, Excluding Discontinued Operations, Attributable to Parent, before Income Tax | 8 | 48 | 59 | 114 | |
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Electrica Santiago (Gener ESSA) [Member] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Proceeds from the sale of businesses, net of cash and restricted cash sold, and equity method investments | 287 | ||||
Disposal group, consideration, contingent liability | 9 | 9 | |||
Gain (loss) on disposal and sale of businesses | 69 | ||||
Tax on gain (loss) on disposition of business | $ 25 | ||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Masinloc Subsidiary [Member] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Income (Loss) from Individually Significant Component Disposed of or Held-for-sale, Excluding Discontinued Operations, Attributable to Parent, before Income Tax | 0 | 26 | 9 | 78 | |
Proceeds from the sale of businesses, net of cash and restricted cash sold, and equity method investments | 1,050 | ||||
Gain (loss) on disposal and sale of businesses | 773 | ||||
Tax on gain (loss) on disposition of business | 155 | ||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Kazakhstan [Member] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Proceeds from the sale of businesses, net of cash and restricted cash sold, and equity method investments | 24 | ||||
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | (48) | ||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | DPL Peaking Generation [Domain] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Income (Loss) from Individually Significant Component Disposed of or Held-for-sale, Excluding Discontinued Operations, Attributable to Parent, before Income Tax | 8 | 9 | 38 | 1 | |
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | DPL Peaking Generation [Domain] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Income (Loss) from Individually Significant Component Disposed of or Held-for-sale, Excluding Discontinued Operations, Attributable to Parent, before Income Tax | 0 | 11 | 7 | 12 | |
Proceeds from the sale of businesses, net of cash and restricted cash sold, and equity method investments | 239 | ||||
Gain (loss) on disposal and sale of businesses | (2) | ||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Beckjord Facility [Member] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | (12) | ||||
Asset Retirement Obligation, Cash Paid to Settle | (15) | ||||
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Other Subsidiaries [Member] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Income (Loss) from Individually Significant Component Disposed of or Held-for-sale, Excluding Discontinued Operations, Attributable to Parent, before Income Tax | 0 | 2 | 5 | 23 | |
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Compania Transmisora del Norte Grande [Member] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Assets Carrying Amount Disclosure Nonrecurring | 99 | 99 | |||
Proceeds from the sale of businesses, net of cash and restricted cash sold, and equity method investments | 220 | ||||
Disposal Group, Not Discontinued Operations [Member] | Advancion Energy Storage [Member] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Gain (loss) on disposal and sale of businesses | $ 23 | ||||
Kazakhstan [Member] | |||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||
Impairment of Long-Lived Assets to be Disposed of | $ 0 | $ 0 | $ 0 | $ 94 |
Acquisitions (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | |||||
---|---|---|---|---|---|---|---|
Jan. 01, 2018 |
Nov. 15, 2017 |
Jul. 25, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Mar. 31, 2018 |
|
sPower [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Payments to Acquire Businesses, Net of Cash Acquired | $ 19 | $ 461 | |||||
Alto Sertao II [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Combination, Consideration Transferred | $ 179 | ||||||
Payments to Acquire Businesses, Net of Cash Acquired | 143 | ||||||
Non Recourse Debt Total | $ 346 | ||||||
Payment for Contingent Consideration Liability, Financing Activities | $ 12 | ||||||
Business Combination, Contingent Consideration, Liability | $ 18 | ||||||
Fluence [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Business Combination, Consideration Transferred | $ 50 | ||||||
Business Acquisition, Percentage of Voting Interests Acquired | 50.00% | ||||||
Bauru Solar Complex [Member] | |||||||
Business Acquisition [Line Items] | |||||||
Asset Acquisition, Purchase Price | $ 152 | ||||||
Project Financing Disbursed | 119 | ||||||
Asset Acquisition, Consideration Transferred | $ 33 |
Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
BASIC EARNINGS PER SHARE | ||||
Income (loss) from continuing operations attributable to The AES Corporation common stockholders (Income) | $ 102 | $ 147 | $ 883 | $ 176 |
Income (loss) from continuing operations attributable to The AES Corporation common stockholders (Shares) | 662 | 660 | 661 | 660 |
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax | $ 0.15 | $ 0.22 | $ 1.33 | $ 0.27 |
EFFECT OF DILUTIVE SECURITIES | ||||
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units | $ 0 | $ 0 | $ 0 | $ 0 |
Restricted stock units (Shares) | 3 | 3 | 3 | 2 |
Dilutive Securities Effect On Basic EPS, dilutive Restricted Stock Units, per diluted share | $ 0 | $ 0 | $ 0 | $ 0 |
DILUTED EARNINGS PER SHARE: | ||||
Income (Loss) from Continuing Operations, Per Diluted Share | $ 0.15 | $ 0.22 | $ 1.33 | $ 0.27 |
Income Loss From Continuing Operations Diluted | $ 102 | $ 147 | $ 883 | $ 176 |
Weighted Average Number of Shares Outstanding, Diluted | 665 | 663 | 664 | 662 |
Stock Compensation Plan [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2 | 6 | 2 | 6 |
Subsequent Events (Details) - USD ($) $ in Millions |
9 Months Ended | ||||
---|---|---|---|---|---|
Oct. 16, 2018 |
Nov. 15, 2017 |
Jul. 25, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
Subsequent Event [Line Items] | |||||
Proceeds from Divestiture of Businesses and Interests in Affiliates | $ (1,796) | $ (39) | |||
sPower [Member] | |||||
Subsequent Event [Line Items] | |||||
Payments to Acquire Businesses, Net of Cash Acquired | $ 19 | $ 461 | |||
sPower [Member] | Subsequent Event [Member] | |||||
Subsequent Event [Line Items] | |||||
Proceeds from Divestiture of Businesses and Interests in Affiliates | $ (86) |
Discontinued Operations and Held for sale businesses (Details) - USD ($) $ in Millions |
1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Nov. 30, 2017 |
Sep. 30, 2018 |
Mar. 31, 2018 |
Sep. 30, 2017 |
Mar. 31, 2017 |
Jun. 30, 2018 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Dec. 31, 2017 |
Mar. 20, 2018 |
|
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax | $ (1,486) | $ (1,718) | $ (1,718) | $ (1,486) | |||||||
Cash Provided by (Used in) Operating Activities, Discontinued Operations | $ 129 | $ 254 | |||||||||
Disposal Group, Including Discontinued Operation, Revenue | 945 | 2,726 | |||||||||
Disposal Group, Including Discontinued Operation, Costs of Goods Sold | (876) | (2,573) | |||||||||
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | 3 | 0 | 199 | 0 | |||||||
Disposal Group, Including Discontinued Operation, Other Expense | (26) | (94) | |||||||||
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax | 43 | 59 | |||||||||
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax | 243 | 0 | |||||||||
Income (loss) on discontinued operations, before tax, attributable to Noncontrolling interest | (21) | (30) | |||||||||
Income (loss) from discontinued operations, before income tax, attributable to parent | 22 | 29 | |||||||||
Discontinued Operation, Tax Effect of Discontinued Operation | 0 | (17) | (2) | (24) | |||||||
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | (1) | 5 | 192 | 5 | |||||||
Disposal Group, Including Discontinued Operation, Assets | 2,034 | 2,034 | |||||||||
Disposal Group, Including Discontinued Operation, Liabilities | 1,033 | 1,033 | |||||||||
Cash Provided by (Used in) Investing Activities, Discontinued Operations | (61) | (181) | |||||||||
Proceeds from Divestiture of Businesses and Interests in Affiliates | 1,796 | 39 | |||||||||
Gain (Loss) on Disposition of Business | 21 | 1 | (856) | 49 | |||||||
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Disposal Group, Including Discontinued Operation, Assets | 1,948 | 1,948 | |||||||||
Disposal Group, Including Discontinued Operation, Liabilities | 1,033 | 1,033 | |||||||||
DPL Peaking Generation [Domain] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Proceeds from Divestiture of Businesses and Interests in Affiliates | 239 | ||||||||||
Gain (Loss) on Disposition of Business | $ 2 | ||||||||||
Compania Transmisora del Norte Grande [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Assets Carrying Amount Disclosure Nonrecurring | 99 | 99 | |||||||||
Proceeds from Divestiture of Businesses and Interests in Affiliates | 220 | ||||||||||
Masinloc Subsidiary [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Proceeds from Divestiture of Businesses and Interests in Affiliates | 1,050 | ||||||||||
Gain (Loss) on Disposition of Business | (773) | ||||||||||
Electrica Santiago (Gener ESSA) [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Proceeds from Divestiture of Businesses and Interests in Affiliates | 287 | ||||||||||
Gain (Loss) on Disposition of Business | (69) | ||||||||||
Kazakhstan [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Proceeds from Divestiture of Businesses and Interests in Affiliates | 24 | ||||||||||
Masinloc Subsidiary [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Noncontrolling Interest, Ownership Percentage by Parent | 51.00% | ||||||||||
Eletropaulo Subsidiary [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Disposal Group, Including Discontinued Operations, Investments in and Advances to Affiliates | $ 86 | 86 | |||||||||
Discontinued Operation, Equity Method Investment Retained after Disposal, Ownership Interest Prior to Disposal | 17.00% | ||||||||||
Deconsolidation, Gain (Loss), Amount | $ (611) | ||||||||||
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses) | (455) | ||||||||||
Disposal Group, Including Discontinued Operation, Pension Gains (Losses) | (243) | ||||||||||
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | 199 | ||||||||||
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax | 243 | ||||||||||
Eletropaulo Subsidiary [Member] | Discontinued Operations [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Disposal Group, Including Discontinued Operation, Assets | $ 86 | $ 86 | |||||||||
Kazakhstan [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Impairment of Long-Lived Assets to be Disposed of | 0 | 0 | 0 | 94 | |||||||
Kazakhstan Hydro [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Impairment of Long-Lived Assets to be Disposed of | $ 0 | 2 | $ 0 | 92 | |||||||
Eletropaulo Subsidiary [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Proceeds from Divestiture of Businesses | $ 340 | ||||||||||
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Kazakhstan [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Assets Carrying Amount Disclosure Nonrecurring | $ 171 | ||||||||||
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses) | 92 | ||||||||||
Fair Value Less Costs To Sell | 29 | ||||||||||
Impairment of Long-Lived Assets to be Disposed of | $ 94 | ||||||||||
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Kazakhstan Hydro [Member] | |||||||||||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |||||||||||
Assets Carrying Amount Disclosure Nonrecurring | 190 | 190 | |||||||||
Disposal Group, Including Discontinued Operation, Foreign Currency Translation Gains (Losses) | 100 | ||||||||||
Fair Value Less Costs To Sell | $ 92 | $ 92 |
Risks and Uncertainties (Details) - USD ($) $ in Millions |
Sep. 30, 2018 |
Dec. 31, 2017 |
---|---|---|
Unusual Risk or Uncertainty [Line Items] | ||
Debt Default Amount | $ 357 | |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 1,277 | $ 1,197 |
PUERTO RICO | Covenant Violation [Member] | ||
Unusual Risk or Uncertainty [Line Items] | ||
Debt Default Amount | 322 | |
AES llumina [Member] | Covenant Violation [Member] | ||
Unusual Risk or Uncertainty [Line Items] | ||
Debt Default Amount | $ 35 |
Income Taxes (Details) - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||
---|---|---|---|---|---|---|
Sep. 30, 2018 |
Mar. 31, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Mar. 20, 2018 |
|
Income Tax Disclosures [Line Items] | ||||||
One-time Transition Tax Rate | $ (146) | $ (93) | $ (509) | $ (246) | ||
Gain (Loss) on Disposition of Business | $ 21 | $ 1 | $ (856) | $ 49 | ||
Effective Income Tax Rate Reconciliation, Percent | 44.00% | 31.00% | 30.00% | 36.00% | ||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 35.00% | ||||
Proceeds from Divestiture of Businesses and Interests in Affiliates | $ 1,796 | $ 39 | ||||
Electrica Santiago (Gener ESSA) [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | ||||||
Income Tax Disclosures [Line Items] | ||||||
Gain (Loss) on Disposition of Business | (69) | |||||
Tax on gain (loss) on disposition of business | $ 25 | |||||
Proceeds from Divestiture of Businesses and Interests in Affiliates | 287 | |||||
Masinloc Subsidiary [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | ||||||
Income Tax Disclosures [Line Items] | ||||||
Gain (Loss) on Disposition of Business | (773) | |||||
Tax on gain (loss) on disposition of business | 155 | |||||
Proceeds from Divestiture of Businesses and Interests in Affiliates | 1,050 | |||||
Argentina [Member] | ||||||
Income Tax Disclosures [Line Items] | ||||||
Income Tax Expense (Benefit), due to Foreign Currency Exposure | $ 16 | $ 4 | 38 | $ 8 | ||
Masinloc Subsidiary [Member] | ||||||
Income Tax Disclosures [Line Items] | ||||||
Disposal Group Not Discontinued Operation Ownership Interest Sold | 51.00% | |||||
UNITED STATES | ||||||
Income Tax Disclosures [Line Items] | ||||||
One-time Transition Tax Rate | (708) | |||||
Change in Accounting Estimate, Type [Domain] | UNITED STATES | ||||||
Income Tax Disclosures [Line Items] | ||||||
One-time Transition Tax Rate | $ (33) |