The AES Corporation (AES) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - $ / shares	6 Months Ended
	Jun. 30, 2022	Aug. 03, 2022	Dec. 31, 2021
Document Information [Line Items]
City Area Code	(703)
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	4300 Wilson Boulevard
Entity Tax Identification Number	54-1163725
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2022
Entity File Number	1-12291
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Registrant Name	THE AES CORPORATION
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		667,933,612
Common Stock, Par or Stated Value Per Share	$ 0.01		$ 0.01
Entity Address, Postal Zip Code	22203
Entity Address, City or Town	Arlington,
Entity Address, State or Province	VA
Local Phone Number	522-1315
Document Transition Report	false
Document Quarterly Report	true
Common Stock [Member]
Document Information [Line Items]
Trading Symbol	AES
Entity Listing, Description	NYSE
Title of 12(b) Security	Common Stock, par value $0.01 per share
corporate units
Document Information [Line Items]
Trading Symbol	AESC
Entity Listing, Description	NYSE
Title of 12(b) Security	Corporate Units

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Dec. 31, 2021
CURRENT ASSETS
Cash and cash equivalents	$ 1,075,000,000	$ 943,000,000
Restricted cash	412,000,000	304,000,000
Short-term investments	595,000,000	232,000,000
Accounts receivable, net of allowance for doubtful accounts of $5 and $5, respectively	1,675,000,000	1,418,000,000
Inventory	871,000,000	604,000,000
Prepaid expenses	182,000,000	142,000,000
Other current assets	1,269,000,000	897,000,000
Current held-for-sale assets	844,000,000	816,000,000
Total current assets	6,923,000,000	5,356,000,000
Property, Plant and Equipment:
Land	433,000,000	426,000,000
Electric generation, distribution assets and other	25,351,000,000	25,552,000,000
Accumulated depreciation	(8,387,000,000)	(8,486,000,000)
Construction in progress	3,356,000,000	2,414,000,000
Property, plant and equipment, net	20,753,000,000	19,906,000,000
Other Assets:
Investments in and advances to affiliates	1,098,000,000	1,080,000,000
Debt service reserves and other deposits	164,000,000	237,000,000
Goodwill	1,179,000,000	1,177,000,000
Other intangible assets, net of accumulated amortization of $402 and $385, respectively	1,646,000,000	1,450,000,000
Deferred income taxes	395,000,000	409,000,000
Other noncurrent assets, net of allowance of $42 and $23, respectively	2,775,000,000	2,188,000,000
Noncurrent assets of held-for-sale businesses	1,137,000,000	1,160,000,000
Total other assets	8,394,000,000	7,701,000,000
TOTAL ASSETS	36,070,000,000	32,963,000,000
CURRENT LIABILITIES
Accounts payable	1,685,000,000	1,153,000,000
Accrued interest	214,000,000	182,000,000
Accrued non-income taxes	242,000,000	266,000,000
Accrued and other liabilities	1,099,000,000	1,205,000,000
Non-recourse debt, including $353 and $302, respectively, related to variable interest entities	2,202,000,000	1,367,000,000
Current held-for-sale liabilities	547,000,000	559,000,000
Total current liabilities	5,989,000,000	4,732,000,000
NONCURRENT LIABILITIES
Recourse debt	4,177,000,000	3,729,000,000
Non-recourse debt, including $2,142 and $2,223, respectively, related to variable interest entities	14,997,000,000	13,603,000,000
Deferred income taxes	1,086,000,000	977,000,000
Other noncurrent liabilities	3,117,000,000	3,358,000,000
Noncurrent held-for-sale liabilities	678,000,000	740,000,000
Total noncurrent liabilities	24,055,000,000	22,407,000,000
Redeemable Noncontrolling Interest, Equity, Carrying Amount	1,173,000,000	1,257,000,000
THE AES CORPORATION STOCKHOLDERS’ EQUITY
Preferred Stock, Value, Issued	838,000,000	838,000,000
Common Stock, Value, Issued	8,000,000	8,000,000
Additional paid-in capital	6,924,000,000	7,106,000,000
Accumulated deficit	(1,153,000,000)	(1,089,000,000)
Accumulated other comprehensive loss	(1,790,000,000)	(2,220,000,000)
Treasury Stock, Value	(1,832,000,000)	(1,845,000,000)
Total AES Corporation stockholders’ equity	2,995,000,000	2,798,000,000
NONCONTROLLING INTERESTS	1,858,000,000	1,769,000,000
Total equity	4,853,000,000	4,567,000,000
TOTAL LIABILITIES AND EQUITY	$ 36,070,000,000	$ 32,963,000,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 5	$ 5
Common stock, shares authorized (in shares)	1,200,000,000	1,200,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Issued	1,043,050	1,043,050
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Accounts receivable, net of allowance for doubtful accounts of $5 and $5, respectively	$ 5	$ 5
Other intangible assets, net of accumulated amortization of $402 and $385, respectively	402	385
Other Noncurrent Assets, Allowance	$ 42	$ 23
Preferred Stock, Shares Outstanding	1,043,050	1,043,050
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	818,735,314	818,717,043
Common stock, shares outstanding (in shares)	667,878,925	666,793,625
Treasury stock, shares (in shares)	150,856,389	151,923,418
Variable Interest Entity [Line Items]
Non-recourse debt, including $353 and $302, respectively, related to variable interest entities	$ 2,202	$ 1,367
Non-recourse debt, including $2,142 and $2,223, respectively, related to variable interest entities	14,997	13,603
Consolidated Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Non-recourse debt, including $353 and $302, respectively, related to variable interest entities	353	302
Non-recourse debt, including $2,142 and $2,223, respectively, related to variable interest entities	$ 2,142	$ 2,223

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Total Revenue	$ 3,078	$ 2,700	$ 5,930	$ 5,335
Cost of Goods and Services Sold	(2,515)	(1,972)	(4,837)	(3,943)
Operating margin	563	728	1,093	1,392
General and administrative expenses	(46)	(45)	(98)	(91)
Interest expense	(279)	(237)	(537)	(427)
Interest income	95	73	170	141
Loss on extinguishment of debt	(1)	(18)	(7)	(19)
Other expense	(29)	(4)	(41)	(20)
Other income	70	183	76	226
Gain (loss) on disposal and sale of business interests	(2)	64	(1)	59
Asset impairment expense	(482)	(872)	(483)	(1,345)
Foreign currency transaction gains (losses)	(49)	(2)	(68)	(37)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES	(160)	(130)	104	(121)
Income tax benefit (expense)	19	59	(41)	51
Net equity in earnings (losses) of affiliates	5	(10)	(28)	(40)
INCOME (LOSS) FROM CONTINUING OPERATIONS	(136)	(81)	35	(110)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	0	4	0	4
NET INCOME (LOSS)	(136)	(77)	35	(106)
Less: Net loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries	(43)	105	(99)	(14)
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION	$ (179)	$ 28	$ (64)	$ (120)
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax	$ (0.27)	$ 0.03	$ (0.10)	$ (0.19)
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax	$ 0	$ 0.01	$ 0	$ 0.01
Income (loss) from continuing operations, net of tax	$ (179)	$ 24	$ (64)	$ (124)
Income from discontinued operations, net of tax	$ 0	$ 4	$ 0	$ 4
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax	$ (0.27)	$ 0.03	$ (0.10)	$ (0.19)
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax	0	0.01	0	0.01
Earnings Per Share, Basic	(0.27)	0.04	(0.10)	(0.18)
Earnings Per Share, Diluted	$ (0.27)	$ 0.04	$ (0.10)	$ (0.18)
DILUTED SHARES OUTSTANDING	668	671	668	666
BASIC EARNINGS PER SHARE:
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS	$ (0.27)	$ 0.04	$ (0.10)	$ (0.18)
DILUTED EARNINGS PER SHARE:
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS	$ (0.27)	$ 0.04	$ (0.10)	$ (0.18)
DILUTED SHARES OUTSTANDING	668	671	668	666
Electric Transmission [Member]
Total Revenue	$ 802	$ 672	$ 1,637	$ 1,379
Cost of Goods and Services Sold	(734)	(580)	(1,439)	(1,162)
Electricity, Generation [Member]
Total Revenue	2,276	2,028	4,293	3,956
Cost of Goods and Services Sold	$ (1,781)	$ (1,392)	$ (3,398)	$ (2,781)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
NET INCOME (LOSS)	$ (136)	$ (77)	$ 35	$ (106)
Foreign currency translation activity:
Foreign currency translation adjustments, net of $0 income tax for all periods	(149)	38	(17)	(31)
Reclassification to earnings, net of $0 income tax for all periods	0	3	0	3
Total foreign currency translation adjustment, net of income tax	(149)	41	(17)	(28)
Derivative activity:
Change in derivative fair value, net of income tax benefit (expense) of $(61), $48, $(134), and $(19), respectively	270	(175)	542	68
Reclassification to earnings, net of income tax expense of $3, $6, $13, and $13, respectively	20	26	38	49
Total change in fair value of derivatives	290	(149)	580	117
Pension activity:
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax	0	1	0	0
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax	0	1	1	1
Total pension adjustments	0	0	(1)	(1)
OTHER COMPREHENSIVE INCOME (LOSS)	141	(108)	564	90
COMPREHENSIVE INCOME (LOSS)	5	(185)	599	(16)
Less: Comprehensive loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries	(75)	104	(157)	(47)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION	$ (70)	$ (81)	$ 442	$ (63)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
OCI, Foreign Currency Transaction and Translation Gain (Loss), Arising During Period, Tax	$ 0	$ 0	$ 0	$ 0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax	0	0	0	0
Change in derivative fair value, net of income tax benefit (expense) of $(61), $48, $(134), and $(19), respectively	(61)	48	(134)	(19)
Reclassification to earnings, net of income tax expense of $3, $6, $13, and $13, respectively	(3)	(6)	(13)	(13)
Change in pension adjustments due to net actuarial gain (loss) for the period, income tax (expense) benefit	0	(1)	0	0
Pension, Reclassifications to Earnings, Net of Income Tax (expense) benefit	$ 0	$ (1)	$ 0	$ (1)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
OPERATING ACTIVITIES:
Net income (loss)	$ 35	$ (106)
Adjustments to net income (loss):
Depreciation and amortization	534	538
Gain (loss) on disposal and sale of business interests	1	(59)
Impairment expense	483	1,345
Deferred income taxes	(43)	(73)
Loss on extinguishment of debt	7	19
Loss on sale and disposal of assets	2	20
Gain on remeasurement to acquisition date fair value	0	(212)
Loss of affiliates, net of dividends	52	46
Emissions Allowance Expense	239	124
Other	46	139
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	(262)	(120)
(Increase) decrease in inventory	(227)	7
(Increase) decrease in prepaid expenses and other current assets	(187)	(13)
(Increase) decrease in other assets	94	8
Increase (decrease) in accounts payable and other current liabilities	151	(292)
Increase (decrease) in income tax payables, net and other tax payables	(114)	(439)
Increase (decrease) in deferred income	59	(307)
Increase (decrease) in other liabilities	(5)	(21)
Net cash provided by operating activities	865	604
INVESTING ACTIVITIES:
Capital expenditures	(1,659)	(999)
Payments to Acquire Businesses and Interest in Affiliates	107	81
Proceeds from Divestiture of Businesses and Interests in Affiliates	1	58
Sale of short-term investments	345	316
Purchase of short-term investments	(694)	(258)
Contributions and loans to equity affiliates	(169)	(173)
Payments to Acquire Intangible Assets	(293)	(88)
Other investing	(7)	80
Net cash used in investing activities	(2,583)	(1,145)
FINANCING ACTIVITIES:
Borrowings under the revolving credit facilities	3,100	998
Repayments under the revolving credit facilities	(2,269)	(932)
Issuance of recourse debt	0	7
Repayments of recourse debt	(29)	(7)
Issuance of non-recourse debt	3,132	700
Repayments of non-recourse debt	(1,469)	(939)
Payments for financing fees	(38)	(12)
Distributions to noncontrolling interests	(93)	(129)
Acquisitions of noncontrolling interests	(540)	(17)
Contributions from noncontrolling interests	28	95
Sales to Noncontrolling Interests	229	20
Issuance of Preferred Shares in Subsidiaries	60	151
Issuance of preferred stock	0	1,015
Dividends paid on AES common stock	(211)	(200)
Payments for financed capital expenditures	(9)	(4)
Other financing	33	(64)
Net cash provided by financing activities	1,924	682
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(18)	(4)
Net Cash Change Of Discontinued And Held For Sale Businesses	(21)	62
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	167	199
Cash, cash equivalents and restricted cash, beginning	1,484	1,827
Cash, cash equivalents and restricted cash, ending	1,651	2,026
SUPPLEMENTAL DISCLOSURES:
Cash payments for interest, net of amounts capitalized	423	406
Cash payments for income taxes, net of refunds	141	372
AES Clean Energy Subsidiary | Non-cash [Member]
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Non-cash consideration transferred for Clean Energy acquisitions (see Note 18)	$ 0	$ 99

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Equity Statement - USD ($) $ in Millions	Total	Common Stock [Member]	Treasury Stock, Common [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Preferred Stock
Beginning Balance (Shares) at Dec. 31, 2020		818,400,000	153,000,000					0
Beginning Balance at Dec. 31, 2020		$ 8	$ (1,858)	$ 7,561	$ (680)	$ (2,397)	$ 2,086	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)				0	(148)	0	119
Total foreign currency translation adjustment, net of income tax				0	0	(53)	(16)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax				0	0	219	27
Total pension adjustments, net of income tax				0	0	0	1
OTHER COMPREHENSIVE INCOME (LOSS)						166	12
Fair Value Adjustment				33	0	0	0
Distributions to noncontrolling interests				0	0	0	(17)
Acquisition of subsidiary shares from noncontrolling interests				(5)	0	(6)	(3)
Contributions from noncontrolling interests				0	0	0	94
Dividends declared on common stock				(101)	0	0	0
Issuance and exercise of stock-based compensation benefit plans (Shares)		200,000	(700,000)
Issuance and exercise of stock-based compensation benefit plans, net of income tax		$ 0	$ (8)	(12)	0	0	0
Common Stock, Dividends, Per Share, Declared	$ 0.1505
Ending Balance (Shares) at Mar. 31, 2021		818,600,000	152,300,000					1,000,000
Ending Balance at Mar. 31, 2021		$ 8	$ (1,850)	7,241	(828)	(2,237)	2,291	$ 1,043
Beginning Balance (Shares) at Dec. 31, 2020		818,400,000	153,000,000					0
Beginning Balance at Dec. 31, 2020		$ 8	$ (1,858)	7,561	(680)	(2,397)	2,086	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ (106)
Total foreign currency translation adjustment, net of income tax	(28)
Total pension adjustments, net of income tax	(1)
OTHER COMPREHENSIVE INCOME (LOSS)	90
Issuance of Preferred Shares in Subsidiaries	151
Ending Balance (Shares) at Jun. 30, 2021		818,700,000	152,300,000					1,000,000
Ending Balance at Jun. 30, 2021		$ 8	$ (1,850)	7,211	(800)	(2,347)	2,132	$ 1,043
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred Stock, Shares Issued								1,000,000
Preferred Stock, Value, Issued								$ 1,043
Proceeds from Issuance of Convertible Preferred Stock				(235)	0	0	0
Beginning Balance (Shares) at Mar. 31, 2021		818,600,000	152,300,000					1,000,000
Beginning Balance at Mar. 31, 2021		$ 8	$ (1,850)	7,241	(828)	(2,237)	2,291	$ 1,043
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(77)	0	0	0	28	0	(103)
Total foreign currency translation adjustment, net of income tax	41	0	0	0	0	30	11
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax		0	0	0	0	(140)	(9)
Total pension adjustments, net of income tax	0	0	0	0	0	1	(1)
OTHER COMPREHENSIVE INCOME (LOSS)	(108)					(109)	1
Fair Value Adjustment		0	0	(36)	0	0	0
Disposition of business interests	(109)
Distributions to noncontrolling interests		0	0	0	0	0	(117)
Acquisition of subsidiary shares from noncontrolling interests				(2)	0	(1)	0
Contributions from noncontrolling interests	1
Sales to noncontrolling interests		$ 0	$ 0	0	0	0	17
Issuance of Preferred Shares in Subsidiaries	$ 151
Issuance and exercise of stock-based compensation benefit plans (Shares)		100,000	0
Issuance and exercise of stock-based compensation benefit plans, net of income tax		$ 0	$ 0	(7)	0	0	0
Ending Balance (Shares) at Jun. 30, 2021		818,700,000	152,300,000					1,000,000
Ending Balance at Jun. 30, 2021		$ 8	$ (1,850)	7,211	(800)	(2,347)	2,132	$ 1,043
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred Stock, Shares Issued	1,043,050
Preferred Stock, Value, Issued	$ 838
Proceeds from Issuance of Convertible Preferred Stock				1
Stockholders' Equity Attributable to Parent	$ 2,798
Preferred Stock, Shares Issued	1,043,050
Preferred Stock, Value, Issued	$ 838
Stockholders' Equity Attributable to Parent	(1,089)
Beginning Balance (Shares) at Dec. 31, 2021		818,700,000	152,000,000					1,000,000
Beginning Balance at Dec. 31, 2021	$ 4,567	$ 8	$ (1,845)	7,106	(1,089)	(2,220)	1,769	$ 838
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)				0	115	0	94
Total foreign currency translation adjustment, net of income tax				0	0	131	1
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax				0	0	265	22
Total pension adjustments, net of income tax				0	0	1	0
OTHER COMPREHENSIVE INCOME (LOSS)						397	23
Distributions to noncontrolling interests				0	0	0	(25)
Acquisition of subsidiary shares from noncontrolling interests				(93)	0	(76)	(367)
Contributions from noncontrolling interests				0	0	0	86
Sales to noncontrolling interests				7	0	0	30
Issuance of Preferred Shares in Subsidiaries				0	0	0	60
Dividends declared on common stock				(105)	0	0	0
Issuance and exercise of stock-based compensation benefit plans (Shares)		0	(1,100,000)
Issuance and exercise of stock-based compensation benefit plans, net of income tax		$ 0	$ (13)	(12)	0	0	0
Common Stock, Dividends, Per Share, Declared	$ 0.1580
Ending Balance (Shares) at Mar. 31, 2022		818,700,000	150,900,000					1,000,000
Ending Balance at Mar. 31, 2022		$ 8	$ (1,832)	6,903	(974)	(1,899)	1,670	$ 838
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature	$ 13
Beginning Balance (Shares) at Dec. 31, 2021		818,700,000	152,000,000					1,000,000
Beginning Balance at Dec. 31, 2021	4,567	$ 8	$ (1,845)	7,106	(1,089)	(2,220)	1,769	$ 838
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	35
Total foreign currency translation adjustment, net of income tax	(17)
Total pension adjustments, net of income tax	(1)
OTHER COMPREHENSIVE INCOME (LOSS)	564
Issuance of Preferred Shares in Subsidiaries	60
Ending Balance (Shares) at Jun. 30, 2022		818,700,000	150,900,000					1,000,000
Ending Balance at Jun. 30, 2022	4,853	$ 8	$ (1,832)	6,924	(1,153)	(1,790)	1,858	$ 838
Beginning Balance (Shares) at Mar. 31, 2022		818,700,000	150,900,000					1,000,000
Beginning Balance at Mar. 31, 2022		$ 8	$ (1,832)	6,903	(974)	(1,899)	1,670	$ 838
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(136)	$ 0	$ 0	0	(179)	0	50
Total foreign currency translation adjustment, net of income tax	(149)			0	0	(146)	(3)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax				0	0	255	15
Total pension adjustments, net of income tax	0
OTHER COMPREHENSIVE INCOME (LOSS)	141					109	12
Distributions to noncontrolling interests				0	0	0	(45)
Acquisition of subsidiary shares from noncontrolling interests				0	0	0	(2)
Contributions from noncontrolling interests				0	0	0	3
Sales to noncontrolling interests				10	0	0	170
Issuance and exercise of stock-based compensation benefit plans (Shares)		0	0
Issuance and exercise of stock-based compensation benefit plans, net of income tax		$ 0	$ 0	(11)	0	0	0
Ending Balance (Shares) at Jun. 30, 2022		818,700,000	150,900,000					1,000,000
Ending Balance at Jun. 30, 2022	4,853	$ 8	$ (1,832)	$ 6,924	$ (1,153)	$ (1,790)	$ 1,858	$ 838
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent	$ 2,995
Preferred Stock, Shares Issued	1,043,050
Preferred Stock, Value, Issued	$ 838
Stockholders' Equity Attributable to Parent	$ (1,153)

Financial Statement Presentatio

Financial Statement Presentation	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
FINANCIAL STATEMENT PRESENTATION	FINANCIAL STATEMENT PRESENTATION 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, except for our investment in Alto Maipo, for which we have elected the fair value option as permitted under ASC 825. 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, changes in equity, and cash flows. The results of operations for the three and six months ended June 30, 2022 are not necessarily indicative of expected results for the year ending December 31, 2022. The accompanying condensed consolidated financial statements are unaudited and should be read in conjunction with the 2021 audited consolidated financial statements and notes thereto, which are included in the 2021 Form 10-K filed with the SEC on February 28, 2022 (the “2021 Form 10-K”). Reclassifications — To comply with newly adopted accounting standards, certain prior period adjustments in the consolidated financial statements have been reclassified to conform to the current presentation. The beneficial conversion feature associated with the Equity Units was reclassified from Additional paid-in capital to Preferred stock in the Consolidated Balance Sheet for the year ended December 31, 2021. See further detail in the new accounting pronouncements discussion. 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): June 30, 2022 December 31, 2021 Cash and cash equivalents $ 1,075 $ 943 Restricted cash 412 304 Debt service reserves and other deposits 164 237 Cash, Cash Equivalents, and Restricted Cash $ 1,651 $ 1,484 ASC 326 - Financial Instruments - Credit Losses - The following table represents the rollforward of the allowance for credit losses for the period indicated (in millions): Six Months Ended June 30, 2022 Accounts Receivable (1) Mong Duong Loan Receivable (2) Argentina Receivables Lease Receivable (3) Other Total CECL reserve balance at beginning of period $ 3 $ 30 $ 23 $ — $ 7 $ 63 Current period provision 5 — 3 20 — 28 Write-offs charged against allowance (5) — — — (6) (11) Recoveries collected 1 (1) — — — — Foreign exchange — — (5) — — (5) CECL reserve balance at end of period $ 4 $ 29 $ 21 $ 20 $ 1 $ 75 Six Months Ended June 30, 2021 Accounts Receivable (1) Mong Duong Loan Receivable (2) Argentina Receivables Other Total CECL reserve balance at beginning of period $ 9 $ 32 $ 20 $ 1 $ 62 Current period provision 1 — 3 — 4 Write-offs charged against allowance (6) — — — (6) Recoveries collected 1 (1) — — — Foreign exchange — — (3) — (3) CECL reserve balance at end of period $ 5 $ 31 $ 20 $ 1 $ 57 _____________________________ (1) Excludes operating lease receivable allowances and contractual dispute allowances of $5 million and $4 million as of June 30, 2022 and June 30, 2021, respectively. These reserves are not in scope under ASC 326. (2) Mong Duong loan receivable credit losses allowance was reclassified to held-for-sale assets on the Condensed Consolidated Balance Sheet as of June 30, 2022. (3) Lease receivable credit losses allowance at Southland Energy (AES Gilbert). New Accounting Pronouncements Adopted in 2022 — 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. New Accounting Standards Adopted ASU Number and Name Description Date of Adoption Effect on the financial statements upon adoption 2021-05, Leases (Topic 842), Lessors—Certain Leases with Variable Lease Payments The amendments in this update affect lessors with lease contracts that (1) have variable lease payments that do not depend on a reference index or a rate and (2) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. Lessors should classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if both of the following criteria are met: (a) The lease would have been classified as a sales-type lease or a direct financing lease in accordance with the classification criteria in paragraphs 842-10-25-2 through 25-3, (b) The lessor would have otherwise recognized a day-one loss. This update could be applied either (1) retrospectively to leases that commenced or were modified on or after the adoption of Update 2016-02 or (2) prospectively to leases that commence or are modified on or after the date that an entity first applies the amendments. January 1, 2022 The Company adopted this standard on a prospective basis and it did not have a material impact on the financial statements. 2020-06, Debt - Debt with conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Equity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Equity’s Own Equity The amendments in this update affect entities that issue convertible instruments and/or contracts indexed to and potentially settled in an entity’s own equity. The new ASU eliminates the beneficial conversion and cash conversion accounting models for convertible instruments. It also amends the accounting for certain contracts in an entity’s own equity that are currently accounted for as derivatives because of specific settlement provisions. In addition, the new guidance modifies how particular convertible instruments and certain contracts that may be settled in cash or shares impact the diluted EPS computation. January 1, 2022 The Company adopted this standard on a fully retrospective basis and its adoption resulted in a $13 million increase to Preferred Stock and a corresponding decrease to Additional paid-in capital. No impact to Earnings per Share amounts reported in 2021 or 2022. 2020-04 and 2021-01, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting The amendments in these updates provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions that reference to LIBOR or another reference rate expected to be discontinued by reference rate reform, and clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. These amendments are effective for a limited period of time (March 12, 2020 - December 31, 2022). Effective for all entities as of March 12, 2020 through December 31, 2022 The Company is implementing the reference rate reform and does not expect these amendments to have a material impact on the financial statements. 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. New Accounting Standards Issued But Not Yet Effective ASU Number and Name Description Date of Adoption Effect on the financial statements upon adoption 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers This update is to improve the accounting for acquired revenue contracts with customers in a business combination by addressing diversity in practice and inconsistency related to the following: (1) Recognition of an acquired contract liability, and (2) Payment terms and their effect on subsequent revenue recognized by the acquirer. Early adoption of the amendments is permitted, including adoption in an interim period. An entity that early adopts in an interim period should apply the amendments (1) retrospectively to all business combinations for which the acquisition date occurs on or after the beginning of the fiscal year that includes the interim period of early application and (2) prospectively to all business combinations that occur on or after the date of initial application. For fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting the standard on its consolidated financial statements.

Inventory

Inventory	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
INVENTORY	INVENTORY The following table summarizes the Company’s inventory balances as of the periods indicated (in millions): June 30, 2022 December 31, 2021 Fuel and other raw materials $ 573 $ 366 Spare parts and supplies 298 238 Total $ 871 $ 604

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2022
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. Because these amounts are 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 5— Fair Value in Item 8.— Financial Statements and Supplementary Data of our 2021 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 were determined based on the nature and risk of the security and are consistent with how the Company manages, monitors, and measures its marketable securities: June 30, 2022 December 31, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets DEBT SECURITIES: Available-for-sale: Certificates of deposit $ — $ 566 $ — $ 566 $ — $ 199 $ — $ 199 Total debt securities — 566 — 566 — 199 — 199 EQUITY SECURITIES: Mutual funds 27 10 — 37 31 13 — 44 Total equity securities 27 10 — 37 31 13 — 44 DERIVATIVES: Interest rate derivatives — 315 2 317 — 51 2 53 Cross-currency derivatives — — — — — 5 — 5 Foreign currency derivatives — 28 50 78 — 29 108 137 Commodity derivatives — 143 50 193 — 32 6 38 Total derivatives — assets — 486 102 588 — 117 116 233 TOTAL ASSETS $ 27 $ 1,062 $ 102 $ 1,191 $ 31 $ 329 $ 116 $ 476 Liabilities DERIVATIVES: Interest rate derivatives $ — $ 15 $ 1 $ 16 $ — $ 286 $ 8 $ 294 Cross-currency derivatives — 42 — 42 — 11 — 11 Foreign currency derivatives — 33 — 33 — 35 — 35 Commodity derivatives — 111 13 124 — 37 7 44 Total derivatives — liabilities — 201 14 215 — 369 15 384 TOTAL LIABILITIES $ — $ 201 $ 14 $ 215 $ — $ 369 $ 15 $ 384 As of June 30, 2022, all available-for-sale debt securities had stated maturities within one year. There were no other-than-temporary impairments of marketable securities during the three and six months ended June 30, 2022. Credit-related impairments are recognized in earnings under ASC 326. 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 available-for-sale securities during the periods indicated (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Gross proceeds from sale of available-for-sale securities $ 150 $ 55 $ 347 $ 300 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 six months ended June 30, 2022 and 2021 (presented net by type of derivative in millions). Transfers between Level 3 and Level 2 principally result from changes in the significance of unobservable inputs used to calculate the credit valuation adjustment. Three Months Ended June 30, 2022 Interest Rate Cross Currency Foreign Currency Commodity Total Balance at April 1 $ 1 $ — $ 93 $ (13) $ 81 Total realized and unrealized gains (losses): Included in earnings 1 — (32) (4) (35) Included in other comprehensive income — derivative activity 5 — (11) 6 — Included in regulatory (assets) liabilities — — — 15 15 Settlements — — — 2 2 Transfers of assets (liabilities), net into Level 3 — — — 31 31 Transfers of (assets) liabilities, net out of Level 3 (6) — — — (6) Balance at June 30 $ 1 $ — $ 50 $ 37 $ 88 Total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities held at the end of the period $ 1 $ — $ (32) $ — $ (31) Three Months Ended June 30, 2021 Interest Rate Cross Currency Foreign Currency Commodity Total Balance at April 1 $ (166) $ (3) $ 98 $ 1 $ (70) Total realized and unrealized gains (losses): Included in earnings (1) (32) 6 — (27) Included in other comprehensive income — derivative activity (16) — 1 12 (3) Included in regulatory (assets) liabilities — — — 3 3 Settlements 11 3 (8) — 6 Transfers of assets (liabilities), net into Level 3 (20) — — — (20) Transfers of (assets) liabilities, net out of Level 3 — — — (1) (1) Balance at June 30 $ (192) $ (32) $ 97 $ 15 $ (112) Total losses for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities held at the end of the period $ (1) $ — $ (4) $ — $ (5) Six Months Ended June 30, 2022 Interest Rate Cross Currency Foreign Currency Commodity Total Balance at January 1 $ (6) $ — $ 108 $ (1) $ 101 Total realized and unrealized gains (losses): Included in earnings 3 — (44) (4) (45) Included in other comprehensive income — derivative activity 10 — (14) (8) (12) Included in regulatory (assets) liabilities — — — 15 15 Settlements — — — 2 2 Transfers of assets (liabilities), net into Level 3 — — — 31 31 Transfers of (assets) liabilities, net out of Level 3 (6) — — 2 (4) Balance at June 30 $ 1 $ — $ 50 $ 37 $ 88 Total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities held at the end of the period $ 3 $ — $ (44) $ 1 $ (40) Six Months Ended June 30, 2021 Interest Rate Cross Currency Foreign Currency Commodity Total Balance at January 1 $ (236) $ (2) $ 146 $ 2 $ (90) Total realized and unrealized gains (losses): Included in earnings 1 (33) (23) — (55) Included in other comprehensive income — derivative activity 19 — (8) 12 23 Included in regulatory (assets) liabilities — — — 3 3 Settlements 24 3 (18) (1) 8 Transfers of (assets) liabilities, net out of Level 3 — — — (1) (1) Balance at June 30 $ (192) $ (32) $ 97 $ 15 $ (112) Total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities held at the end of the period $ 1 $ — $ (44) $ — $ (43) The following table summarizes the significant unobservable inputs used for Level 3 derivative assets (liabilities) as of June 30, 2022 (in millions, except range amounts): Type of Derivative Fair Value Unobservable Input Amount or Range (Weighted Average) Interest rate $ 1 Subsidiaries’ credit spreads 0.8% - 5.7% (4.4%) Foreign currency: Argentine peso 50 Argentine peso to U.S. dollar currency exchange rate after one year 213 - 499 (374) Commodity: Other 37 Total $ 88 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, shown as pre-tax loss below, is measured by comparing the fair value at the evaluation date to the then-latest available carrying amount and is included in Asset impairment expense or Other non-operating expense, as applicable , on the Condensed Consolidated Statements of Operations. 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). Measurement Date Carrying Amount (1) Fair Value Pre-tax Loss Six Months Ended June 30, 2022 Level 1 Level 2 Level 3 Long-lived assets held and used: Maritza 4/30/2022 $ 927 $ — $ — $ 452 $ 475 Measurement Date Carrying Amount (1) Fair Value Pre-tax Loss Six Months Ended June 30, 2021 Level 1 Level 2 Level 3 Long-lived assets held and used: Puerto Rico 3/31/2021 $ 548 $ — $ — $ 73 $ 475 Mountain View I & II 4/30/2021 78 — — 11 67 Ventanas 3 & 4 6/30/2021 661 — — 12 649 Angamos 6/30/2021 241 — — 86 155 _____________________________ (1) Represents the carrying values at the dates of measurement, before fair value adjustment. The following table summarizes the significant unobservable inputs used in the Level 3 measurement of long-lived assets held and used measured on a nonrecurring basis during the six months ended June 30, 2022 (in millions, except range amounts): Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Long-lived assets held and used: Maritza $ 452 Discounted cash flow Annual revenue growth (66)% to 11% (-11%) Annual variable margin (66)% to 23% (-1%) Weighted-average cost of capital 20% to 25% (21%) Total $ 452 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 the periods indicated, but for which fair value is disclosed: June 30, 2022 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 Assets: Accounts receivable — noncurrent (1) $ 44 $ 81 $ — $ — $ 81 Liabilities: Non-recourse debt 17,020 17,654 — 15,451 2,203 Recourse debt 4,177 3,812 — 3,812 — December 31, 2021 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 Assets: Accounts receivable — noncurrent (1) $ 55 $ 117 $ — $ — $ 117 Liabilities: Non-recourse debt 14,811 16,091 — 16,065 26 Recourse debt 3,754 3,818 — 3,818 — _____________________________ (1) These amounts primarily relate to amounts due from CAMMESA, the administrator of the wholesale electricity market in Argentina, and amounts impacted by the Stabilization Fund enacted by the Chilean government, 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 $2 million as of June 30, 2022 and December 31, 2021.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES For further information on the Company’s derivative and hedge accounting policies, see Note 1— General and Summary of Significant Accounting Policies — Derivative Instruments and Hedging Activities of Item 8.— Financial Statements and Supplementary Data in the 2021 Form 10-K. Volume of Activity — The following tables present the Company’s maximum notional (in millions) over the remaining contractual period by type of derivative as of June 30, 2022, regardless of whether they are in qualifying cash flow hedging relationships, and the dates through which the maturities for each type of derivative range: Interest Rate and Foreign Currency Derivatives Maximum Notional Translated to USD Latest Maturity Interest rate $ 5,596 2059 Cross-currency swaps (Brazilian real) 254 2026 Foreign Currency: Colombian peso 132 2024 Euro 58 2024 Mexican peso 53 2023 Brazilian real 37 2024 Chilean peso 29 2024 Argentine peso 9 2026 Commodity Derivatives Maximum Notional Latest Maturity Natural Gas (in MMBtu) 115 2029 Power (in MWhs) 25 2040 Coal (in Tons or Metric Tons) 7 2027 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 the periods indicated (in millions): Fair Value June 30, 2022 December 31, 2021 Assets Designated Not Designated Total Designated Not Designated Total Interest rate derivatives $ 317 $ — $ 317 $ 53 $ — $ 53 Cross-currency derivatives — — — 5 — 5 Foreign currency derivatives 14 64 78 28 109 137 Commodity derivatives 31 162 193 6 32 38 Total assets $ 362 $ 226 $ 588 $ 92 $ 141 $ 233 Liabilities Interest rate derivatives $ 15 $ 1 $ 16 $ 288 $ 6 $ 294 Cross-currency derivatives 42 — 42 11 — 11 Foreign currency derivatives 21 12 33 23 12 35 Commodity derivatives 13 111 124 11 33 44 Total liabilities $ 91 $ 124 $ 215 $ 333 $ 51 $ 384 June 30, 2022 December 31, 2021 Fair Value Assets Liabilities Assets Liabilities Current $ 216 $ 86 $ 85 $ 83 Noncurrent 372 129 148 301 Total $ 588 $ 215 $ 233 $ 384 Earnings and Other Comprehensive Income (Loss) — The following table presents the pre-tax gains (losses) recognized in AOCL and earnings related to all derivative instruments for the periods indicated (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Cash flow hedges Gains (losses) recognized in AOCL Interest rate derivatives $ 323 $ (222) $ 627 $ 87 Cross-currency derivatives — 1 — 3 Foreign currency derivatives (24) (19) (12) (20) Commodity derivatives 32 17 61 17 Total $ 331 $ (223) $ 676 $ 87 Losses reclassified from AOCL into earnings Interest rate derivatives $ (23) $ (28) $ (50) $ (52) Cross-currency derivatives — (1) — (2) Foreign currency derivatives — (2) — (5) Commodity derivatives — (1) (1) (3) Total $ (23) $ (32) $ (51) $ (62) Gains (losses) on fair value hedging relationship Cross-currency derivatives $ 8 $ (32) $ (35) $ (32) Hedged items (25) 35 22 35 Total $ (17) $ 3 $ (13) $ 3 Loss reclassified from AOCL to earnings due to impairment of assets $ (16) $ (9) $ (16) $ (13) Loss reclassified from AOCL to earnings due to de-designation of hedge $ (15) $ — $ (15) $ — Gains (losses) recognized in earnings related to Not designated as hedging instruments: Interest rate derivatives $ 1 $ (9) $ 3 $ 105 Foreign currency derivatives 4 7 (15) (4) Commodity derivatives and other 30 12 17 (81) Total $ 35 $ 10 $ 5 $ 20 AOCL is expected to decrease pre-tax income from continuing operations for the twelve months ended June 30, 2023 by $24 million, primarily due to interest rate derivatives.

Financing Receivables

Financing Receivables	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
FINANCING RECEIVABLES	FINANCING RECEIVABLES Receivables with contractual maturities of greater than one year are considered financing receivables. The following table presents financing receivables by country as of the dates indicated (in millions): June 30, 2022 December 31, 2021 Gross Receivable Allowance Net Receivable Gross Receivable Allowance Net Receivable Chile $ 16 $ — $ 16 $ 17 $ — $ 17 Argentina 8 1 7 11 1 10 Other 23 — 23 30 — 30 Total $ 47 $ 1 $ 46 $ 58 $ 1 $ 57 Chile — AES Andes has recorded noncurrent receivables pertaining to revenues recognized on regulated energy contracts that were impacted by the Stabilization Fund created by the Chilean government in October 2019, in conjunction with the Tariff Stabilization Law. Historically, the government updated the prices for these contracts every six months to reflect the indexation the contracts have to exchange rates and commodities prices. The Stabilization Fund does not allow the pass-through of these contractual indexation updates to customers beyond the pricing in effect at July 1, 2019, until new lower-cost renewable contracts are incorporated into pricing in 2023. Consequently, costs incurred in excess of the July 1, 2019 price will be accumulated and borne by generators. Argentina — Collection of the principal and interest on these receivables is subject to various business risks and uncertainties, including, but not limited to, the operation of power plants which generate cash for payments of these receivables, regulatory changes that could impact the timing and amount of collections, and economic conditions in Argentina. The Company monitors these risks, including the credit ratings of the Argentine government, on a quarterly basis to assess the collectability of these receivables. The Company accrues interest on these receivables once the recognition criteria have been met. The Company’s collection estimates are based on assumptions that it believes to be reasonable, but are inherently uncertain. Actual future cash flows could differ from these estimates.

Investment In and Advances To A

Investment In and Advances To Affiliates	6 Months Ended
	Jun. 30, 2022
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	INVESTMENTS IN AND ADVANCES TO AFFILIATES Summarized Financial Information — The following table summarizes financial information of the Company’s 50%-or-less-owned affiliates and majority-owned unconsolidated subsidiaries that are accounted for using the equity method (in millions): 50%-or-less Owned Affiliates (1) Majority-Owned Unconsolidated Subsidiaries Six Months Ended June 30, 2022 2021 2022 2021 Revenue $ 792 $ 726 $ 1 $ 1 Operating margin (loss) (249) 12 — (1) Net loss (323) (93) — (2) _______________________________ (1) As of July 1, 2021, AES began to account for its investment in Fluence quarterly, on a three-month lag. This shift in timing is necessary due to the nature of the entity subsequent to its IPO. Alto Maipo — O n May 26, 2022, Alto Maipo emerged from bankruptcy in accordance with Chapter 11 of the U.S. Bankruptcy Code. Alto Maipo, as restructured, is considered a VIE. As the Company lacks the power to make significant decisions, it does not meet the criteria to be considered the primary beneficiary of Alto Maipo and therefore will not consolidate the entity. The Company has elected the fair value option to account for its investment in Alto Maipo as management believes this approach will better reflect the economics of its equity interest. As of June 30, 2022, the fair value is insignificant. Alto Maipo is reported in the South America SBU reportable segment. Fluence — On June 9, 2021, Fluence issued new shares to the Qatar Investment Authority (“QIA”) for $125 million, which following the completion of the transaction, represented a 13.6% ownership interest in Fluence. As a result of the transaction, which AES has accounted for as a partial disposition, AES’ ownership interest in Fluence decreased from 50% to 43.2%. The Company recognized a gain of $61 million in Gain (loss) on disposal and sale of business interests . On November 1, 2021, Fluence completed its IPO of 35,650,000 of its Class A common stock at a price of $28 per share, including the exercise of the underwriter’s option. Fluence received approximately $936 million in proceeds, after expenses, and as a result of the transaction, AES’ ownership interest in Fluence decreased to 34.2%. As the Company still does not control Fluence after these transactions, it continues to be accounted for as an equity method investment and is reported as part of Corporate and Other. Grupo Energía Gas Panamá — In April 2021, Grupo Energía Gas Panamá, a joint venture between AES and InterEnergy Power & Gas Limited, completed the acquisition of a combined cycle natural gas development project. AES holds a 49% ownership interest in the affiliate. The Company contributed $21 million to the joint venture as of June 30, 2021 and has contributed a total of $45 million as of June 30, 2022. As the Company does not control the joint venture, it is accounted for as an equity method investment and is reported in the MCAC SBU reportable segment. sPower — On February 1, 2021, the Company substantially completed the merger of the sPower and AES Renewable Holdings development platforms to form AES Clean Energy Development, a consolidated entity, which will serve as the development vehicle for all future renewable projects in the U.S. Since the sPower development platform was carved-out of AES’ existing equity method investment, this transaction resulted in a $104 million decrease in the carrying value of the sPower investment and the Company recognized a gain of $212 million in Other income . See Note 18 —Acquisitions for further information. As the Company still does not control sPower after the transaction, it continues to be accounted for as an equity method investment and is reported in the US and Utilities SBU reportable segment. Guacolda — In February 2021, AES Andes entered into an agreement to sell its 50% ownership interest in Guacolda for $34 million and in May 2021, the Company received a $10 million advance on the sales price. On July 20, 2021, the Company completed the sale of Guacolda and received the remaining $24 million. Prior to its sale, the Guacolda equity method investment was reported in the South America SBU reportable segment.

Debt

Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
DEBT	DEBT Non-Recourse Debt During the six months ended June 30, 2022, the Company’s subsidiaries had the following significant debt transactions: Subsidiary Transaction Period Issuances Repayments AES Andes (1) Q1, Q2 $ 477 $ (95) AES Brasil Q1, Q2 469 (201) United Kingdom Q1 710 (350) Netherlands/Panama Q1 500 — El Salvador Q2 348 (345) AES Clean Energy Development Q2 267 — AES Indiana Q2 200 — AES Ohio Q2 140 — _____________________________ (1) Issuances relate to AES Andes S.A. and Chivor. Netherlands and Panama — In March 2022, AES Hispanola Holdings BV, a Netherlands based company, and Colon, as co-borrowers, executed a $500 million bridge loan due in 2023. The Company allocated $450 million and $50 million of the proceeds from the agreement to AES Hispanola Holdings BV and Colon, respectively. United Kingdom — On January 6, 2022, Mercury Chile HoldCo LLC (“Mercury Chile”), a UK based company, executed a $350 million bridge loan, and used the proceeds, as well as an additional capital contribution of $196 million from the Parent Company, to purchase the minority interest in AES Andes through intermediate holding companies (see Note 11— Equity for further information). On January 24, 2022, Mercury Chile issued $360 million aggregate principal of 6.5% senior secured notes due in 2027 and used the proceeds from the issuance to fully prepay the $350 million bridge loan. Non-Recourse Debt in Default — The following table summarizes the Company’s subsidiary non-recourse debt in default (in millions) as of June 30, 2022. Due to the defaults, these amounts are included in the current portion of non-recourse debt: Subsidiary Primary Nature of Default Debt in Default Net Assets AES Puerto Rico Covenant $ 177 $ (185) AES Jordan PSC (1) Covenant 75 126 AES Ilumina (Puerto Rico) Covenant 28 26 AES Jordan Solar Covenant 7 9 Total $ 287 _____________________________ (1) Classified as current held-for-sale liability on the Condensed Consolidated Balance Sheets. The above defaults are not payment defaults. In Puerto Rico, the subsidiary non-recourse debt defaults were triggered by failure to comply with covenants or other requirements contained in the non-recourse debt documents due to the bankruptcy of the offtaker. 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 20% or more of the Parent Company’s total cash distributions from businesses for the four most recently completed fiscal quarters. As of June 30, 2022, 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 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.

Contingencies and Commitments

Contingencies and Commitments	6 Months Ended
	Jun. 30, 2022
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 no more than 17 years. The following table summarizes the Parent Company’s contingent contractual obligations as of June 30, 2022. 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. Contingent Contractual Obligations Amount (in millions) Number of Agreements Maximum Exposure Range for Each Agreement (in millions) Guarantees and commitments $ 2,252 81 $0 — 400 Letters of credit under the unsecured credit facilities 155 44 $0 — 36 Letters of credit under the revolving credit facility 26 12 $0 — 15 Surety bonds 2 2 $1 Total $ 2,435 139 During the six months ended June 30, 2022, 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 the periods ended June 30, 2022 and December 31, 2021, the Company recognized liabilities of $4 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 June 30, 2022. In aggregate, the Company estimates the range of potential losses related to environmental matters, where estimable, to be up to $12 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 $28 million and $23 million as of June 30, 2022 and December 31, 2021, 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 June 30, 2022. The material contingencies where a loss is reasonably possible primarily include disputes with offtakers, suppliers and EPC contractors; alleged breaches of contract; 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 $247 million and $728 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. Tietê GSF Settlement — In accordance with the regulation published by ANEEL in December 2020 regarding the incorrect application of the GSF mechanism between 2013 and 2018, Tietê will be compensated in the form of a concession extension period, initially determined to be 2.7 years, which will be amortized from the date of the agreement until the end of the new concession period. As of December 31, 2020, the compensation to be received from the concession extension was estimated to have a fair value of $184 million, based on a preliminary time-value equivalent calculation made by the CCEE. In March 2021, the CCEE’s final calculation of fair value was $190 million and the Company recognized an additional reversal of Non-Regulated Cost of Sales of $6 million. In August 2021, ANEEL published Resolution 2.919/2021, establishing an extension for the end of the concession originally granted to AES Brasil’s hydroelectric plants, from 2029 to 2032. On April 14, 2022, the amended term was finalized and agreed upon by ANEEL and AES.

Leases (Notes)

Leases (Notes)	6 Months Ended
	Jun. 30, 2022
Lessor, Lease, Description [Line Items]
Lessor, Operating Leases	LEASES LESSOR — The Company has operating leases for certain generation contracts that contain provisions to provide capacity to a customer, which is a stand-ready obligation to deliver energy when required by the customer. Capacity receipts are generally considered lease elements as they cover the majority of available output from a facility. The allocation of contract payments between the lease and non-lease elements is made at the inception of the lease. Lease receipts from such contracts are recognized as lease revenue on a straight-line basis over the lease term, whereas variable lease receipts are recognized when earned. The following table presents lease revenue from operating leases in which the Company is the lessor for the periods indicated (in millions): Three Months Ended June 30, Six Months Ended June 30, Operating Lease Revenue 2022 2021 2022 2021 Total lease revenue $ 140 $ 118 $ 274 $ 261 Less: Variable lease revenue (16) (25) (23) (39) Total Non-variable lease revenue $ 124 $ 93 $ 251 $ 222 The following table presents the underlying gross assets and accumulated depreciation of operating leases included in Property, plant and equipment, net for the periods indicated (in millions): Property, Plant and Equipment, Net June 30, 2022 December 31, 2021 Gross assets $ 1,600 $ 2,423 Less: Accumulated depreciation (419) (765) Net assets $ 1,181 $ 1,658 The option to extend or terminate a lease is based on customary early termination provisions in the contract, such as payment defaults, bankruptcy, and lack of performance on energy delivery. The Company has not recognized any early terminations as of June 30, 2022. Certain leases may provide for variable lease payments based on usage or index-based (e.g., the U.S. Consumer Price Index) adjustments to lease payments. The following table shows the future lease receipts as of June 30, 2022 for the remainder of 2022 through 2026 and thereafter (in millions): Future Cash Receipts for Sales-Type Leases Operating Leases 2022 $ 12 $ 215 2023 24 384 2024 24 384 2025 24 385 2026 24 277 Thereafter 361 747 Total $ 469 $ 2,392 Less: Imputed interest (268) Present value of total lease receipts $ 201 Battery Storage Lease Arrangements — The Company constructs and operates projects consisting only of a stand-alone battery energy storage system (“BESS”) facility, as well as projects that pair a BESS with solar energy systems. These projects allow more flexibility on when to provide energy to the grid. The Company will enter into PPAs for the full output of the facility that allow customers the ability to determine when to charge and discharge the BESS. These arrangements include both lease and non-lease elements under ASC 842, with the BESS component typically constituting a sales-type lease. The Company recognized lease income on sales-type leases through interest income of $13 million and $16 million for the three and six months ended June 30, 2022, respectively; and $4 million and $8 million for the three and six months ended June 30, 2021, respectively. During the second quarter of 2022, the Company recognized a full allowance of $20 million on a sales-type lease receivable at AES Gilbert. See Note 14— Other Income and Expense for further information. Prior to January 1, 2022, due to the variable-based nature of lease payments under certain contracts, the Company recorded a loss at commencement of sales-type leases of $13 million for the six months ended June 30, 2021. These amounts are recognized in Other expense in the Condensed Consolidated Statement of Operations. See Note 14— Other Income and Expense for further information. Effective January 1, 2022, the Company adopted ASU 2021-05 in which lessors classify and account for certain leases with primarily variable-based lease payments as operating leases. The Company adopted this standard on a prospective basis. See Note 1— Financial Statement Presentation

Redeemable Stocks of Subsidiari

Redeemable Stocks of Subsidiaries (Notes)	6 Months Ended
	Jun. 30, 2022
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): June 30, 2022 December 31, 2021 IPALCO common stock $ 700 $ 700 AES Clean Energy Development common stock 400 497 AES Indiana preferred stock 60 60 Potengi common and preferred stock 13 — Total redeemable stock of subsidiaries $ 1,173 $ 1,257 Potengi — In March 2022, Tucano Holding I (“Tucano”), a subsidiary of AES Brasil, completed the sale of 24% of its ownership in the Potengi wind development project to BRF S.A. (“BRF”) for $12 million, reducing the Company’s indirect ownership interest in Potengi to 35.5%. As the Company maintained control after the transaction, Potengi continues to be consolidated by the Company. As part of the transaction, BRF was given an option to sell its entire ownership interest at the conclusion of the PPA term. As a result, the minority ownership interest is considered temporary equity, which will be adjusted for earnings or losses allocated to the noncontrolling interest under ASC 810. Any subsequent changes in the redemption value of the exit rights will be recognized against permanent equity in accordance with ASC 480-10-S99, as it is probable that the shares will become redeemable. AES Clean Energy Development — On February 1, 2021, the Company substantially completed the merger of the sPower and AES Renewable Holdings development platforms to form AES Clean Energy Development, which will serve as the development vehicle for all future renewable projects in the U.S. As part of the transaction, AlMCo, our existing partner in the sPower equity method investment, received a 25% minority ownership interest in the newly formed entity along with certain partnership rights, though not currently in effect, that would enable AIMCo to exit in the future. As a result, the minority ownership interest is considered temporary equity. During the second quarter of 2021, the Company recorded measurement period adjustments to the estimated fair values of the sPower and AES Renewable Holdings development platforms and the value of the partnership rights initially recorded in the first quarter of 2021, which resulted in a $81 million increase in the value of the temporary equity. These measurement period adjustments primarily relate to higher expected developer profits and a higher growth rate, reflective of additional information that became available regarding market participants’ views of the value of early-stage renewable development projects as of the date of acquisition. The temporary equity will be adjusted for earnings or losses allocated to the noncontrolling interest under ASC 810. Any subsequent changes in the redemption value of the exit rights will be recognized against permanent equity in accordance with ASC 480-10-S99, as it is probable that the shares will become redeemable. See Note 18 —Acquisitions for further information.

Equity

Equity	1 Months Ended
	Feb. 05, 2021
Equity [Abstract]
EQUITY	EQUITY Equity Units In March 2021, the Company issued 10,430,500 Equity Units with a total notional value of $1,043 million. Each Equity Unit has a stated amount of $100 and was initially issued as a Corporate Unit, consisting of a forward stock purchase contract (“2024 Purchase Contracts”) and a 10% undivided beneficial ownership interest in one share of 0% Series A Cumulative Perpetual Convertible Preferred Stock, issued without par and with a liquidation preference of $1,000 per share (“Series A Preferred Stock”). Upon reconsideration of the nature of the Equity Units, the Company re-evaluated its accounting assessment and concluded that the Equity Units should be accounted for as one unit of account based on the economic linkage between the 2024 Purchase Contracts and the Series A Preferred Stock, as well as the Company's assessment of the applicable accounting guidance relating to combining freestanding instruments. The Equity Units represent mandatorily convertible preferred stock. Accordingly, the shares associated with the combined instrument are reflected in diluted earnings per share using the if-converted method. In the fourth quarter of 2021, the Company also corrected the classification of certain amounts in the Consolidated Balance Sheet and Statement of Changes in Equity to reflect the 2024 Purchase Contracts and Series A Preferred Stock as one unit of account. The corrections have no impact on the Company's net earnings, total assets, cash flows, or segment information. In conjunction with the issuance of the Equity Units, the Company received approximately $1 billion in proceeds, net of underwriting costs and commissions, before offering expenses. The proceeds for the issuance of 1,043,050 shares are attributed to the Series A Preferred Stock for $838 million and $205 million for the present value of the quarterly payments due to holders of the 2024 Purchase Contracts ("Contract Adjustment Payments"). The proceeds will be used for the development of the AES renewable businesses, U.S. utility businesses, LNG infrastructure, and for other developments determined by management. The Series A Preferred Stock will initially not bear any dividends and the liquidation preference of the convertible preferred stock will not accrete. The Series A Preferred Stock has no maturity date and will remain outstanding unless converted by holders or redeemed by the Company. Holders of the shares of the convertible preferred stock will have limited voting rights. The Series A Preferred Stock is pledged as collateral to support holders’ purchase obligations under the 2024 Purchase Contracts and can be remarketed. In connection with any successful remarketing, the Company may increase the dividend rate, increase the conversion rate, and modify the earliest redemption date for the convertible preferred stock. After any successful remarketing in connection with which the dividend rate on the convertible preferred stock is increased, the Company will pay cumulative dividends on the convertible preferred stock, if declared by the board of directors, quarterly in arrears from the applicable remarketing settlement date. Holders of Corporate Units may create Treasury Units or Cash Settled Units from their Corporate Units as provided in the Purchase Contract Agreement by substituting Treasury securities or cash, respectively, for the Convertible Preferred Stock comprising a part of the Corporate Units. The Company may not redeem the Series A Preferred Stock prior to March 22, 2024. At the election of the Company, on or after March 22, 2024, the Company may redeem for cash, all or any portion of the outstanding shares of the Series A Preferred Stock at a redemption price equal to 100% of the liquidation preference, plus any accumulated and unpaid dividends. The 2024 Purchase Contracts obligate the holders to purchase, on February 15, 2024, for a price of $100 in cash, a maximum number of 57,256,144 shares of the Company’s common stock (subject to customary anti-dilution adjustments). The 2024 Purchase Contract holders may elect to settle their obligation early, in cash. The Series A Preferred Stock is pledged as collateral to guarantee the holders’ obligations to purchase common stock under the terms of the 2024 Purchase Contracts. The initial settlement rate determining the number of shares that each holder must purchase will not exceed the maximum settlement rate and is determined over a market value averaging period preceding February 15, 2024. The initial maximum settlement rate of 3.864 was calculated using an initial reference price of $25.88, equal to the last reported sale price of the Company’s common stock on March 4, 2021. As of June 30, 2022, due to the customary anti-dilution provisions, the maximum settlement rate was 3.8667, equivalent to a reference price of $25.86. If the applicable market value of the Company’s common stock is less than or equal to the reference price, the settlement rate will be the maximum settlement rate; and if the applicable market value of common stock is greater than the reference price, the settlement rate will be a number of shares of the Company’s common stock equal to $100 divided by the applicable market value. Upon successful remarketing of the Series A Preferred Stock (“Remarketed Series A Preferred Stock”), the Company expects to receive additional cash proceeds of $1 billion and issue shares of Remarketed Series A Preferred Stock. The Company pays Contract Adjustment Payments to the holders of the 2024 Purchase Contracts at a rate of 6.875% per annum, payable quarterly in arrears on February 15, May 15, August 15, and November 15, commencing on May 15, 2021. The $205 million present value of the Contract Adjustment Payments at inception reduced the Series A Preferred Stock. As each quarterly Contract Adjustment Payment is made, the related liability is reduced and the difference between the cash payment and the present value will accrete to interest expense, approximately $5 million over the three-year term. As of June 30, 2022, the present value of the Contract Adjustment Payments was $124 million. The holders can settle the purchase contracts early, for cash, subject to certain exceptions and conditions in the prospectus supplement. Upon early settlement of any purchase contracts, the Company will deliver the number of shares of its common stock equal to 85% of the number of shares of common stock that would have otherwise been deliverable. Equity Transactions with Noncontrolling Interests AES Clean Energy Development — During the second quarter of 2022, AES Clean Energy Development, through multiple transactions, sold noncontrolling interests in multiple project companies to tax equity partners, resulting in a $98 million increase to NCI. AES Clean Energy Development is reported in the US and Utilities SBU reportable segment. Guaimbê Holding — In April 2021, Guaimbê Solar Holding S.A (“Guaimbê Holding”), a subsidiary of AES Brasil which wholly owns the Guaimbê solar complex and the Alto Sertão II wind facility, issued preferred shares representing 19.9% ownership in the subsidiary for total proceeds of $158 million. The transaction decreased the Company’s indirect ownership interest in the operational entities from 45.3% to 36.3%. In January 2022, Guaimbê Holding issued additional preferred shares representing 3.5% ownership in the subsidiary for total proceeds of $63 million. The transaction further decreased the Company’s indirect ownership interest to 35.8%. As the Company maintained control after these transactions, Guaimbê Holding continues to be consolidated by the Company within the South America SBU reportable segment. Chile Renovables — Under its agreement with Global Infrastructure Management, LLC (“GIP”), the minority interest holder in Chile Renovables SpA since July 2021, AES Andes will contribute a specified pipeline of renewable development projects to Chile Renovables as the projects reach commercial operations, and GIP will make additional contributions to maintain its 49% ownership interest. In January 2022, AES Andes completed the sale of Andes Solar 2a to Chile Renovables for $37 million, resulting in an increase to NCI of $28 million and an increase to additional paid-in capital of $9 million. In June 2022, the sale of Los Olmos was completed for $80 million, resulting in an increase to NCI of $68 million and an increase to additional paid-in capital of $12 million. As the Company maintained control after these transactions, Chile Renovables continues to be consolidated by the Company within the South America SBU reportable segment. AES Andes — On December 29, 2020, AES Andes commenced a preemptive rights offering for its existing shareholders to subscribe for up to 1.98 billion of newly issued shares to fund its renewable growth program. The period ended on February 5, 2021 and Inversiones Cachagua SpA (“Cachagua”), an AES subsidiary, subscribed for 1.35 billion shares at a cost of $205 million, increasing AES’ indirect beneficial interest in AES Andes from 67% to 67.1%. The noncontrolling interest holders subscribed for 629 million shares, resulting in additional capital contributions of $94 million. In January 2022, Cachagua completed a tender offer for the shares of AES Andes held by minority shareholders for $522 million, net of transaction costs. Upon completion, AES' indirect beneficial interest in AES Andes increased from 67.1% to 98%. Through multiple transactions following the tender offer, Cachagua acquired an additional 1% ownership in AES Andes for $13 million, further increasing AES’ indirect beneficial interest to 99%. These transactions resulted in a $169 million decrease to Parent Company Stockholder’s Equity due to a decrease in additional paid-in capital of $93 million and the reclassification of accumulated other comprehensive losses from NCI to AOCL of $76 million. AES Andes is reported in the South America SBU reportable segment. AES Brasil — On December 18, 2020, the AES Tietê board approved a proposal for the corporate reorganization and exchange of shares issued by AES Tietê with newly issued shares of AES Brasil, a formerly wholly-owned entity of AES Tietê, with the intent to list AES Brasil on Novo Mercado, a listing segment of the Brazilian stock exchange that requires equity capital to be composed only of common shares, as the 100% shareholder of AES Tietê. The reorganization and the exchange of shares was completed on March 26, 2021, and the shares issued by AES Brasil started trading on Novo Mercado on March 29, 2021. The Company maintains majority representation on AES Brasil’s board of directors, and as such, continues to consolidate AES Brasil. Through multiple transactions in the first half of 2021, AES Holdings Brasil Ltda. acquired an additional 1.6% ownership in AES Brasil for $17 million. These transactions increased the Company’s ownership interest in AES Brasil to 45.7% and resulted in a $13 million decrease in Parent Company Stockholder’s Equity due to a decrease in additional paid-in capital of $6 million and the reclassification of accumulated other comprehensive losses from NCI to AOCL of $7 million. AES Brasil is reported in 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 six months ended June 30, 2022 (in millions): Foreign currency translation adjustment, net Unrealized derivative gains (losses), net Unfunded pension obligations, net Total Balance at the beginning of the period $ (1,734) $ (456) $ (30) $ (2,220) Other comprehensive income (loss) before reclassifications (15) 490 — 475 Amount reclassified to earnings — 30 1 31 Other comprehensive income (loss) (15) 520 1 506 Reclassification from NCI due to share repurchases (53) (20) (3) (76) Balance at the end of the period $ (1,802) $ 44 $ (32) $ (1,790) 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: AOCL Components Affected Line Item in the Condensed Consolidated Statements of Operations Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Foreign currency translation adjustment, net Gain (loss) on disposal and sale of business interests $ — $ (3) $ — $ (3) Net income (loss) attributable to The AES Corporation $ — $ (3) $ — $ (3) Derivative gains (losses), net Non-regulated revenue $ — $ — $ (1) $ — Non-regulated cost of sales (1) (3) (2) (4) Interest expense (10) (13) (33) (29) Gain (loss) on disposal and sale of business interests (16) — (16) — Asset impairment expense — (9) — (13) Foreign currency transaction losses — (2) — (5) Income from continuing operations before taxes and equity in earnings of affiliates (27) (27) (52) (51) Income tax benefit (expense) 3 6 13 13 Net equity in earnings (losses) of affiliates 4 (5) 1 (11) Net income (loss) (20) (26) (38) (49) Less: Net loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries (3) 7 8 13 Net income (loss) attributable to The AES Corporation $ (23) $ (19) $ (30) $ (36) Amortization of defined benefit pension actuarial gain (loss), net Regulated cost of sales $ (1) $ (1) $ (1) $ (1) Other expense 1 (1) — (1) Income (loss) from continuing operations before taxes and equity in earnings of affiliates — (2) (1) (2) Income tax benefit (expense) — 1 — 1 Net income (loss) attributable to The AES Corporation $ — $ (1) $ (1) $ (1) Total reclassifications for the period, net of income tax and noncontrolling interests $ (23) $ (23) $ (31) $ (40) Common Stock Dividends — The Parent Company paid dividends of $0.1580 per outstanding share to its common stockholders during the first and second quarters of 2022 for dividends declared in December 2021 and February 2022. On July 15, 2022, the Board of Directors declared a quarterly common stock dividend of $0.1580 per share payable on August 15, 2022, to shareholders of record at the close of business on August 1, 2022.

Segments

Segments	6 Months Ended
	Jun. 30, 2022
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. 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. In January 2022, we internally announced a reorganization as a part of our ongoing strategy to align our business to meet our customers' needs and deliver on our major strategic objectives. The Company performed an assessment in accordance with ASC 280 and determined there were no changes to its operating or reportable segments. Corporate and Other — Included in “Corporate and Other” are the results of the AES self-insurance company and certain equity affiliates, 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, and gains and losses recognized at commencement of sales-type leases; (d) losses due to impairments; (e) gains, losses and costs due to the early retirement of debt; and (f) net gains at Angamos, one of our businesses in the South America SBU, associated with the early contract terminations with Minera Escondida and Minera Spence. 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): Three Months Ended June 30, Six Months Ended June 30, Total Revenue 2022 2021 2022 2021 US and Utilities SBU $ 1,197 $ 972 $ 2,314 $ 1,921 South America SBU 880 964 1,690 1,848 MCAC SBU 686 490 1,252 1,025 Eurasia SBU 318 277 686 547 Corporate and Other 36 37 59 61 Eliminations (39) (40) (71) (67) Total Revenue $ 3,078 $ 2,700 $ 5,930 $ 5,335 Three Months Ended June 30, Six Months Ended June 30, Total Adjusted PTC 2022 2021 2022 2021 Income (loss) from continuing operations before taxes and equity in earnings of affiliates $ (160) $ (130) $ 104 $ (121) Add: Net equity in losses of affiliates 5 (10) (28) (40) Less: Income from continuing operations before taxes, attributable to noncontrolling interests and redeemable stock of subsidiaries (53) 140 (119) (23) Pre-tax contribution (208) — (43) (184) Unrealized derivative and equity securities losses (gains) (35) 8 6 77 Unrealized foreign currency losses (gains) 39 (12) 20 (6) Disposition/acquisition losses 23 (229) 32 (244) Impairment losses 479 628 480 1,103 Loss on extinguishment of debt 6 18 16 24 Net gains from early contract terminations at Angamos — (110) — (220) Total Adjusted PTC $ 304 $ 303 $ 511 $ 550 Three Months Ended June 30, Six Months Ended June 30, Total Adjusted PTC 2022 2021 2022 2021 US and Utilities SBU $ 70 $ 128 $ 127 $ 172 South America SBU 145 96 273 184 MCAC SBU 87 71 124 132 Eurasia SBU 42 48 107 99 Corporate and Other (75) (55) (150) (62) Eliminations 35 15 30 25 Total Adjusted PTC $ 304 $ 303 $ 511 $ 550 Total Assets June 30, 2022 December 31, 2021 US and Utilities SBU $ 18,541 $ 16,512 South America SBU 8,838 7,728 MCAC SBU 4,968 4,545 Eurasia SBU 2,904 3,466 Corporate and Other 819 712 Total Assets $ 36,070 $ 32,963

Revenue (Notes)

Revenue (Notes)	6 Months Ended
	Jun. 30, 2022
Revenue from Contracts with Customers [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE The following table presents our revenue from contracts with customers and other revenue for the periods indicated (in millions): Three Months Ended June 30, 2022 US and Utilities SBU South America SBU MCAC SBU Eurasia SBU Corporate, Other and Eliminations Total Regulated Revenue Revenue from contracts with customers $ 794 $ — $ — $ — $ — $ 794 Other regulated revenue 8 — — — — 8 Total regulated revenue 802 — — — — 802 Non-Regulated Revenue Revenue from contracts with customers 281 877 662 266 (3) 2,083 Other non-regulated revenue (1) 114 3 24 52 — 193 Total non-regulated revenue 395 880 686 318 (3) 2,276 Total revenue $ 1,197 $ 880 $ 686 $ 318 $ (3) $ 3,078 Three Months Ended June 30, 2021 US and Utilities SBU South America SBU MCAC SBU Eurasia SBU Corporate, Other and Eliminations Total Regulated Revenue Revenue from contracts with customers $ 659 $ — $ — $ — $ — $ 659 Other regulated revenue 12 — — — — 12 Total regulated revenue 671 — — — — 671 Non-Regulated Revenue Revenue from contracts with customers 232 959 465 215 (3) 1,868 Other non-regulated revenue (1) 69 5 25 62 — 161 Total non-regulated revenue 301 964 490 277 (3) 2,029 Total revenue $ 972 $ 964 $ 490 $ 277 $ (3) $ 2,700 Six Months Ended June 30, 2022 US and Utilities SBU South America SBU MCAC SBU Eurasia SBU Corporate, Other and Eliminations Total Regulated Revenue Revenue from contracts with customers $ 1,622 $ — $ — $ — $ — $ 1,622 Other regulated revenue 15 — — — — 15 Total regulated revenue 1,637 — — — — 1,637 Non-Regulated Revenue Revenue from contracts with customers 550 1,682 1,203 575 (12) 3,998 Other non-regulated revenue (1) 127 8 49 111 — 295 Total non-regulated revenue 677 1,690 1,252 686 (12) 4,293 Total revenue $ 2,314 $ 1,690 $ 1,252 $ 686 $ (12) $ 5,930 Six Months Ended June 30, 2021 US and Utilities SBU South America SBU MCAC SBU Eurasia SBU Corporate, Other and Eliminations Total Regulated Revenue Revenue from contracts with customers $ 1,357 $ — $ — $ — $ — $ 1,357 Other regulated revenue 21 — — — — 21 Total regulated revenue 1,378 — — — — 1,378 Non-Regulated Revenue Revenue from contracts with customers 456 1,842 975 424 (6) 3,691 Other non-regulated revenue (1) 87 6 50 123 — 266 Total non-regulated revenue 543 1,848 1,025 547 (6) 3,957 Total revenue $ 1,921 $ 1,848 $ 1,025 $ 547 $ (6) $ 5,335 _______________________________ (1) Other non-regulated revenue primarily includes lease and derivative revenue not accounted for under ASC 606. Contract Balances — The timing of revenue recognition, billings, and cash collections results in accounts receivable and contract liabilities. The contract liabilities from contracts with customers were $265 million and $216 million as of June 30, 2022 and December 31, 2021, respectively. During the six months ended June 30, 2022 and 2021, we recognized revenue of $32 million and $355 million, respectively, that was included in the corresponding contract liability balance at the beginning of the periods. In August 2020, AES Andes reached an agreement with Minera Escondida and Minera Spence to early terminate two PPAs of the Angamos coal-fired plant in Chile, further accelerating AES Andes' decarbonization strategy. As a result of the termination payment, Angamos recognized a contract liability of $655 million, of which $55 million was derecognized each month through the end of the remaining performance obligation in August 2021. 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. Contract consideration related to the construction, but not yet collected through the 25 year PPA, was reflected on the Condensed Consolidated Balance Sheet. As of June 30, 2022 and December 31, 2021, Mong Duong met the held-for-sale criteria and the loan receivable balance of approximately $1.2 billion net of CECL reserve of $29 million and $30 million, respectively, was classified as held-for-sale assets. Of the loan receivable balance, $95 million and $91 million was classified as Current held-for-sale assets , respectively, and $1.1 billion was classified as Noncurrent held-for-sale assets .

Other Income and Expense

Other Income and Expense	6 Months Ended
	Jun. 30, 2022
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure [Text Block]	OTHER INCOME AND EXPENSE Other income generally includes gains on insurance recoveries in excess of property damage, gains on asset sales and liability extinguishments, favorable judgments on contingencies, 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): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Other Income Gain on remeasurement of investment (1) $ 26 $ — $ 26 $ — Insurance proceeds (2) 16 — 16 — Legal settlements 6 — 6 — AFUDC (US Utilities) 2 2 5 4 Gain on acquired customer contracts 5 — 5 — Gain on remeasurement of contingent consideration 3 — 3 — Gain on remeasurement to acquisition-date fair value (3) — 176 — 212 Other 12 5 15 10 Total other income $ 70 $ 183 $ 76 $ 226 Other Expense Allowance for lease receivable (4) $ 20 $ — $ 20 $ — Loss on sale and disposal of assets 5 4 9 7 Loss on commencement of sales-type leases (5) — — — 13 Other 4 — 12 — Total other expense $ 29 $ 4 $ 41 $ 20 _____________________________ (1) Related to the remeasurement of our existing investment in 5B, accounted for using the measurement alternative. (2) Primarily related to insurance recoveries associated with property damage at TermoAndes. (3) Related to the remeasurement of our existing equity interest in sPower’s development platform as part of the step acquisition to form AES Clean Energy Development. See Note 18— Acquisitions for further information. (4) Related to a full allowance recognized on a sales-type lease receivable at AES Gilbert due to a fire incident in April 2022. (5) Related to a loss recognized at commencement of a sales-type lease at AES Renewable Holdings. See Note 9— Leases for further information.

Asset Impairment Expense

Asset Impairment Expense	6 Months Ended
	Jun. 30, 2022
Impairment or Disposal of Tangible Assets Disclosure [Abstract]
ASSET IMPAIRMENT EXPENSE	ASSET IMPAIRMENT EXPENSE The following table presents our asset impairment expense for the periods indicated (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Maritza $ 475 $ — $ 475 $ — Ventanas 3 & 4 — 649 — 649 Puerto Rico — — — 475 Angamos — 155 — 155 Mountain View I & II — 67 — 67 Other 7 1 8 (1) Total $ 482 $ 872 $ 483 $ 1,345 Maritza — In May 2022, the Council for the European Union approved Bulgaria’s National Recovery and Resilience plan which commits the country to cease generating electricity from coal beyond 2038. As this plan is expected to prohibit the Company from operating the Maritza coal-fired plant through its estimated useful life, it was determined that an indicator of impairment had occurred. The Company reassessed the useful life of the facility and performed an impairment analysis as of April 30, 2022, in which it was determined that the carrying amount of the asset group was not recoverable. The Maritza asset group was determined to have a fair value of $452 million using the income approach. As a result, the Company recognized pre-tax asset impairment expense of $475 million. Maritza is reported in the Eurasia SBU reportable segment. Ventanas and Angamos — In July 2021, AES Andes entered into an agreement committing to accelerate the retirement of the Ventanas 3, Ventanas 4, Angamos 1, and Angamos 2 coal-fired plants in Chile in order to further advance its decarbonization strategy. Due to these strategic developments, the Company performed impairment analyses as of June 30, 2021, and determined that the carrying amounts of the asset groups were not recoverable. The Ventanas 3 & 4 and Angamos asset groups were determined to have fair values of $12 million and $86 million, respectively, using the income approach. As a result, the Company recognized pre-tax asset impairment expense of $649 million and $155 million, respectively. Ventanas and Angamos are reported in the South America SBU reportable segment. Mountain View I & II — In April 2021, the Company approved plans to execute a repowering project for the Mountain View I & II wind facility and signed two new PPAs for the energy and capacity related to the repowered asset. As the repowering will result in decommissioning the majority of the existing wind turbines in advance of their depreciable lives, the execution of the new PPAs was identified as an impairment indicator. The asset group was determined to have a fair value of $11 million using the income approach. As a result, the Company recognized pre-tax asset impairment expense of $67 million. Mountain View I & II is reported in the US and Utilities SBU reportable segment. Puerto Rico — New factors arose in the first quarter of 2021 associated with the economic costs and operational and reputational risks of disposal of coal combustion residuals off island. In addition, new legislative initiatives surrounding the prohibition of coal generation assets in Puerto Rico were introduced. Collectively, these factors along with management’s decision on how to best achieve our stated decarbonization goals resulted in an indicator of impairment at our asset group in Puerto Rico. As such, management performed a recoverability test in accordance with ASC 360 and concluded that Puerto Rico’s undiscounted cash flows did not exceed the carrying value of the asset group. The fair value of the asset group was determined to be $73 million, resulting in pre-tax impairment expense of $475 million. Puerto Rico is reported in the US and Utilities SBU reportable segment.

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [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 six months ended June 30, 2022 were 12% and 39%, respectively. The effective tax rates for the three and six months ended June 30, 2021 were 45% and 42%, respectively. The difference between the Company’s effective tax rates for the 2022 and 2021 periods and the U.S. statutory tax rate of 21% related primarily to U.S. taxes on foreign earnings, foreign tax rate differentials, the impacts of foreign currency fluctuations at certain foreign subsidiaries, nondeductible expenses, and valuation allowance. The Company recognized discrete tax expense in 2021 resulting from several transactions. For the three and six months ended June 30, 2021, the Company recorded discrete tax expense of approximately $39 million and $46 million, respectively, due to the formation of AES Clean Energy Development. Additionally, the issuance of new shares by Fluence resulted in approximately $13 million of discrete tax expense for the three and six months ended June 30, 2021.

Held-for-Sale and Dispositions

Held-for-Sale and Dispositions (Notes)	6 Months Ended
	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
DISPOSITIONS AND HELD-FOR-SALE BUSINESSES	HELD-FOR-SALE AND DISPOSITIONS Held-for-Sale Mong Duong — In December 2020, the Company entered into an agreement to sell its entire 51% ownership interest in Mong Duong, a coal-fired plant in Vietnam, and 51% equity interest in Mong Duong Finance Holdings B.V, an SPV accounted for as an equity affiliate. The sale is subject to regulatory approval and is expected to close in the second half of 2023. As of June 30, 2022, the Mong Duong plant and SPV were classified as held-for-sale, but did not meet the criteria to be reported as discontinued operations. On a consolidated basis, the carrying value of the plant and SPV held-for-sale as of June 30, 2022 was $552 million. Mong Duong is reported in the Eurasia SBU reportable segment. Jordan — In November 2020, the Company signed an agreement to sell 26% ownership interest in Amman East and IPP4 for $58 million. The closing of the transaction was delayed by an extended lender approval process triggered by a restructuring in the buyer’s group. The Company and the buyer continue to work closely with the lenders to achieve closing in the second half of 2022. After completion of the sale, the Company will retain a 10% ownership interest in Amman East and IPP4, which will be accounted for as an equity method investment. As of June 30, 2022, the generation plants were classified as held-for-sale, but did not meet the criteria to be reported as discontinued operations. On a consolidated basis, the carrying value of the plants held-for-sale as of June 30, 2022 was $203 million. Jordan is reported in the Eurasia SBU reportable segment. Excluding any impairment charges, pre-tax income attributable to AES of businesses held-for-sale as of June 30, 2022 was as follows: Three Months Ended June 30, Six Months Ended June 30, (in millions) 2022 2021 2022 2021 Mong Duong $ 16 $ 15 $ 41 $ 30 Jordan 6 5 11 10 Total $ 22 $ 20 $ 52 $ 40 Dispositions AES Tietê Inova Soluções — In June 2021, the Company completed the sale of its ownership in AES Inova Soluções, an investment platform in distributed solar generation, for $20 million, resulting in a pre-tax loss on sale of $1 million. The sale did not meet the criteria to be reported as discontinued operations. Pre-tax income attributable to AES was immaterial for the three and six months ended June 30, 2021. Prior to its sale, AES Tietê Inova Soluções was reported in the South America SBU reportable segment. Itabo — In April 2021, the Company completed the sale of its 43% ownership interest in Itabo, a coal-fired plant and gas turbine in Dominican Republic, for $88 million, resulting in a pre-tax gain on sale of $4 million. The sale did not meet the criteria to be reported as discontinued operations. Pre-tax income attributable to AES was $1 million and $5 million for the three and six months ended June 30, 2021. Prior to its sale, Itabo was reported in the MCAC SBU reportable segment.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2022
Business Combinations [Abstract]
Acquisitions	. ACQUISITIONS Agua Clara — On June 17, 2022, the Company, through its subsidiaries AES Dominicana Renewable Energy and AES Andres DR, S.A., acquired 100% of the equity interests in Agua Clara, S.A.S., a wind project for consideration of $98 million. The transaction was accounted for as an asset acquisition that did not meet the definition of a business. As Agua Clara is not a VIE, any difference between the fair value of the assets and consideration transferred will be allocated to PP&E on a relative fair value basis. Agua Clara is reported in the MCAC SBU reportable segment. Tunica Windpower, LLC — On June 17, 2022, the Company entered into an agreement for the purchase of 100% of the membership interests in Tunica Windpower, LLC. The transaction was accounted for as an asset acquisition of variable interest entities that did not meet the definition of a business. The assets acquired and liabilities assumed were recorded at their fair values, which equaled the fair value of the consideration paid of approximately $22 million, including contingent consideration of $7 million. The contingent consideration will be updated quarterly with any prospective changes in fair value recorded through earnings. Tunica Windpower is reported in the US and Utilities SBU reportable segment. Windsor PV1, LLC — On May 27, 2022, the Company entered into an agreement for the purchase of 100% of the membership interests in Windsor PV1, LLC, an early development-stage solar project. The transaction was accounted for as an asset acquisition of variable interest entities that did not meet the definition of a business. The assets acquired and liabilities assumed were recorded at their fair values, which equaled the fair value of the consideration paid of approximately $17 million, including contingent consideration of $5 million. The contingent consideration will be updated quarterly with any prospective changes in fair value recorded through earnings. Windsor is reported in the US and Utilities SBU reportable segment. Community Energy — In the first quarter of 2022, the Company finalized the purchase price allocation related to the acquisition of Community Energy, LLC. There were no significant adjustments made to the preliminary purchase price allocation recorded in the fourth quarter of 2021 when the acquisition was completed. Community Energy is reported in the US and Utilities SBU reportable segment. New York Wind — In the first quarter of 2022, the Company finalized the purchase price allocation related to the acquisition of Cogentrix Valcour Intermediate Holdings, LLC. There were no significant adjustments made to the preliminary purchase price allocation recorded in the fourth quarter of 2021 when the acquisition was completed. New York Wind is reported in the US and Utilities SBU reportable segment. Cajuina Wind Complex — On May 21, 2021, AES Brasil completed the acquisition of the Cajuina Wind Complex phase I for $22 million. The Company made initial cash payments of $6 million and the remaining balance will be paid in three annual installments ending on March 31, 2024. The transaction was accounted for as an asset acquisition of variable interest entities that did not meet the definition of a business, therefore the assets acquired and liabilities assumed were recorded at their fair values, which equaled the fair value of the consideration. Cajuina is reported in the South America SBU. Cubico Wind Complex — On April 30, 2021, AES Brasil completed the acquisition of the Cubico Wind Complex for $109 million, subject to customary working capital adjustments. 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. Cubico is reported in the South America SBU. AES Clean Energy Development — On February 1, 2021, the Company substantially completed the merger of the sPower and AES Renewable Holdings development platforms to form AES Clean Energy Development, which will serve as the development vehicle for all future renewable projects in the U.S. As part of the transaction, AES acquired an additional 25% ownership interest in the sPower development platform from AIMCo, our existing partner in the sPower equity method investment, in exchange for a 25% ownership interest in specifically identified development entities of AES Renewable Holdings, certain future exit rights in the new partnership, and $7 million of cash. The sPower development platform was carved-out of AES’ existing equity method investment. AES’ basis in the portion of assets transferred was $104 million, and the contribution to AES Clean Energy Development resulted in a corresponding decrease in the carrying value of the sPower investment. See Note 6 —Investments in and Advances to Affiliates for further information. During the first quarter of 2021, the sPower development assets transferred were remeasured at their acquisition-date preliminary fair values, resulting in the recognition of a $36 million gain, recorded in Other income on the Condensed Consolidated Statement of Operations. The Company recorded $81 million in Goodwill as of the acquisition date, representing the difference between the fair value of the consideration transferred, the noncontrolling interest in the sPower development platform, and the acquisition-date fair value of the Company’s previously held equity interest and the fair value of the identifiable assets acquired and liabilities assumed. During the second quarter of 2021, the Company recorded measurement period adjustments as result of additional facts and circumstances that existed as of the date of the acquisition but were not yet known as of the time of the valuation performed in the first quarter of 2021. These measurement period adjustments primarily related to higher expected developer profits and a higher growth rate, reflective of additional information that became available regarding market participants’ views of the value of early-stage renewable development projects as of the date of acquisition. As a result, the estimated acquisition-date carrying value and fair values of the sPower development assets transferred were increased, which resulted in the recognition of an additional $176 million gain, for an updated gain of $212 million. Furthermore, the estimated goodwill as of the acquisition date was reduced to the estimated goodwill as of the acquisition date was reduced to $46 million, as a result of adjustments to the fair value of the consideration paid and updates to the fair values of separately identifiable intangible assets. The Company finalized the purchase price allocation in the third quarter of 2021, which did not result in any material measurement period adjustments. Subsequent to the closing of the transaction, AES holds a 75% ownership interest in AES Clean Energy Development. AIMCo holds the remaining 25% minority interest along with certain partnership rights, though currently not in effect, that would enable AIMCo to exit in the future. AIMCo’s minority interest is recorded as temporary equity in Redeemable stock of subsidiaries on the Condensed Consolidated Balance Sheet. See Note 10 —Redeemable Stock of Subsidiaries for further information. AES Clean Energy Development is reported in the US and Utilities SBU reportable segment. Great Cove Solar— On January 25, 2021, and May 3, 2021, AES Clean Energy Development completed the acquisitions of Great Cove I and II, respectively. The fair value of the initial consideration paid to acquire Great Cove I and Great Cove II was $13 million and $24 million, which included contingent consideration liabilities of $6 million and $22 million, respectively. These acquisitions were accounted for as asset acquisitions of variable interest entities that did not meet the definition of a business; therefore, the assets acquired and liabilities assumed were recorded at their fair values, which equaled the fair value of the consideration. Great Cove Solar is reported in the US and Utilities SBU reportable segment.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2022
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 equity units. The effect of such potential common stock is computed using the treasury stock method for RSUs and stock options, and is computed using the if-converted method for equity units. 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 six months ended June 30, 2022 and 2021, where income represents the numerator and weighted average shares represent the denominator. Three Months Ended June 30, 2022 2021 (in millions, except per share data) Loss Shares $ per Share Income Shares $ per Share BASIC EARNINGS (LOSS) PER SHARE Income (loss) from continuing operations attributable to The AES Corporation common stockholders $ (179) 668 $ (0.27) $ 24 666 $ 0.03 EFFECT OF DILUTIVE SECURITIES Stock options — — — — 1 — Restricted stock units — — — — 3 — Equity units — — — — 1 — DILUTED EARNINGS (LOSS) PER SHARE $ (179) 668 $ (0.27) $ 24 671 $ 0.03 Six Months Ended June 30, 2022 2021 (in millions, except per share data) Loss Shares $ per Share Loss Shares $ per Share BASIC EARNINGS (LOSS) PER SHARE Income (loss) from continuing operations attributable to The AES Corporation common stockholders $ (64) 668 $ (0.10) $ (124) 666 $ (0.19) EFFECT OF DILUTIVE SECURITIES Stock options — — — — — — Restricted stock units — — — — — — Equity units — — — — — — DILUTED EARNINGS (LOSS) PER SHARE $ (64) 668 $ (0.10) $ (124) 666 $ (0.19) For the three and six months ended June 30, 2022, the calculation of diluted earnings per share excluded 4 million outstanding stock awards and 40 million shares underlying our March 2021 Equity Units because their impact would be anti-dilutive given the loss from continuing operations. These shares could potentially dilute basic earnings per share in the future. Had the Company generated income, 2 million and 40 million potential shares of common stock related to the stock awards and the Equity Units, respectively, would have been included in diluted weighted-average shares outstanding. The calculation of diluted earnings per share excluded 1 million outstanding stock awards for the three months ended June 30, 2021, which would be anti-dilutive. These stock awards could potentially dilute basic earnings per share in the future. Due to the full retrospective adoption of ASU 2020-06, an additional 1 million potential shares of common stock related to the assumed share settlement of the Contract Adjustment Payments were included in diluted weighted-average shares outstanding for the three months ended June 30, 2021. For the six months ended June 30, 2021, the calculation of diluted earnings per share excluded 6 million outstanding stock awards because their impact would be anti-dilutive given the loss from continuing operations. These stock awards could potentially dilute basic earnings per share in the future. Had the Company generated income, 4 million potential shares of common stock related to the stock awards, and an additional 1 million potential shares of common stock related to the assumed share settlement of the Contract Adjustment Payments due to the full retrospective adoption of ASU 2020-06, would have been included in diluted weighted-average shares outstanding. As described in Note 11 —Equity , the Company issued 10,430,500 Equity Units in March 2021 with a total notional value of $1,043 million. Each Equity Unit has a stated amount of $100 and was initially issued as a Corporate Unit, consisting of a 2024 Purchase Contract and a 10% undivided beneficial ownership interest in one share of Series A Preferred Stock. Prior to February 15, 2024, the Series A Preferred Stock may be converted at the option of the holder only in connection with a fundamental change. On and after February 15, 2024, the Series A Preferred Stock may be converted freely at the option of the holder. Upon conversion, the Company will deliver to the holder with respect to each share of Series A Preferred Stock being converted (i) a share of our Series B Preferred Stock, or, solely with respect to conversions in connection with a redemption, cash and (ii) shares of our common stock, if any, in respect of any conversion value in excess of the liquidation preference of the preferred stock being converted. The conversion rate was initially 31.5428 shares of common stock per one share of Series A Preferred Stock, which was equivalent to an initial conversion price of approximately $31.70 per share of common stock. As of June 30, 2022, due to customary anti-dilution provisions, the conversion rate was 31.5649, equivalent to a conversion price of approximately $31.68 per share of common stock. The Series A Preferred Stock and the 2024 Purchase Contracts are being accounted for as one unit of account. In calculating diluted EPS, the Company has applied the if-converted method to determine the impact of the forward purchase feature and considered if there are incremental shares that should be included related to the Series A Preferred conversion value.

Risks and Uncertainties (Notes)

Risks and Uncertainties (Notes)	6 Months Ended
	Jun. 30, 2022
Risks and Uncertainties [Abstract]
Unusual Risks and Uncertainties [Table Text Block]	RISKS AND UNCERTAINTIES COVID-19 Pandemic — The COVID-19 pandemic has severely impacted global economic activity, including electricity and energy consumption, and caused significant volatility and negative pressure in financial markets. The magnitude and duration of the COVID-19 pandemic is unknown at this time and may have material and adverse effects on our results of operations, financial condition, and cash flows in future periods. Alto Maipo — On August 27, 2021, Alto Maipo updated its creditors with respect to the construction budget and long-term business plan for the project, which considers different scenarios for spot prices, decarbonization initiatives, and hydrological conditions, among other significant variables. Under some of these scenarios, Alto Maipo may experience reduced future cash flows, which would limit its ability to repay debt. Alto Maipo’s management initiated negotiations with its creditors to restructure its obligations and achieve a sustainable long-term capital structure for Alto Maipo. On November 17, 2021, Alto Maipo SpA commenced a reorganization proceeding in accordance with Chapter 11 of the U.S. Bankruptcy Code, through a voluntary petition. Consequently, after the Chapter 11 filing, the Company is no longer considered to have control over Alto Maipo, which resulted in its deconsolidation. The Company recognized an after-tax loss of approximately $1.2 billion, net of noncontrolling interests, in the Consolidated Statement of Operations in the fourth quarter of 2021, associated with the loss of control attributable to the former controlling interest. On May 26, 2022, Alto Maipo emerged from bankruptcy in accordance with Chapter 11 of the U.S. Bankruptcy Code. Alto Maipo, as restructured, is considered a VIE. As the Company lacks the power to make significant decisions, it does not meet the criteria to be considered the primary beneficiary of Alto Maipo and therefore will not consolidate this entity. The Company has elected the fair value option to account for its investment in Alto Maipo. If Alto Maipo is unable to meet its obligations under the restructured arrangements as they come due, the creditors may enforce their rights under the credit agreements. These finance agreements are non-recourse with respect to The AES Corporation.

Financial Statement Presentat_2

Financial Statement Presentation (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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, except for our investment in Alto Maipo, for which we have elected the fair value option as permitted under ASC 825. 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, changes in equity, and cash flows. The results of operations for the three and six months ended June 30, 2022 are not necessarily indicative of expected results for the year ending December 31, 2022. The accompanying condensed consolidated financial statements are unaudited and should be read in conjunction with the 2021 audited consolidated financial statements and notes thereto, which are included in the 2021 Form 10-K filed with the SEC on February 28, 2022 (the “2021 Form 10-K”). Reclassifications — To comply with newly adopted accounting standards, certain prior period adjustments in the consolidated financial statements have been reclassified to conform to the current presentation. The beneficial conversion feature associated with the Equity Units was reclassified from Additional paid-in capital to Preferred stock in the Consolidated Balance Sheet for the year ended December 31, 2021. See further detail in the new accounting pronouncements discussion.

Contingencies and Commitments C

Contingencies and Commitments Contingencies and Commitments (Policies)	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies, Policy [Policy Text Block]	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.

Leases (Policies)

Leases (Policies)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Early Termination [Policy Text Block]	The option to extend or terminate a lease is based on customary early termination provisions in the contract, such as payment defaults, bankruptcy, and lack of performance on energy delivery.
Separation of Lease and Nonlease Components [Policy Text Block]	Capacity receipts are generally considered lease elements as they cover the majority of available output from a facility. The allocation of contract payments between the lease and non-lease elements is made at the inception of the lease.

Segments Segments (Policies)

Segments Segments (Policies)	6 Months Ended
	Jun. 30, 2022
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. 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. In January 2022, we internally announced a reorganization as a part of our ongoing strategy to align our business to meet our customers' needs and deliver on our major strategic objectives. The Company performed an assessment in accordance with ASC 280 and determined there were no changes to its operating or reportable segments. Corporate and Other — Included in “Corporate and Other” are the results of the AES self-insurance company and certain equity affiliates, 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, and gains and losses recognized at commencement of sales-type leases; (d) losses due to impairments; (e) gains, losses and costs due to the early retirement of debt; and (f) net gains at Angamos, one of our businesses in the South America SBU, associated with the early contract terminations with Minera Escondida and Minera Spence. 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.

Earnings Per Share EPS Policy (

Earnings Per Share EPS Policy (Policies)	6 Months Ended
	Jun. 30, 2022
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 equity units. The effect of such potential common stock is computed using the treasury stock method for RSUs and stock options, and is computed using the if-converted method for equity units.

Financial Statement Presentat_3

Financial Statement Presentation New Accounting Standards (Tables)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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): June 30, 2022 December 31, 2021 Cash and cash equivalents $ 1,075 $ 943 Restricted cash 412 304 Debt service reserves and other deposits 164 237 Cash, Cash Equivalents, and Restricted Cash $ 1,651 $ 1,484
New Accounting Pronouncements Adopted	New Accounting Pronouncements Adopted in 2022 — 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. New Accounting Standards Adopted ASU Number and Name Description Date of Adoption Effect on the financial statements upon adoption 2021-05, Leases (Topic 842), Lessors—Certain Leases with Variable Lease Payments The amendments in this update affect lessors with lease contracts that (1) have variable lease payments that do not depend on a reference index or a rate and (2) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. Lessors should classify and account for a lease with variable lease payments that do not depend on a reference index or a rate as an operating lease if both of the following criteria are met: (a) The lease would have been classified as a sales-type lease or a direct financing lease in accordance with the classification criteria in paragraphs 842-10-25-2 through 25-3, (b) The lessor would have otherwise recognized a day-one loss. This update could be applied either (1) retrospectively to leases that commenced or were modified on or after the adoption of Update 2016-02 or (2) prospectively to leases that commence or are modified on or after the date that an entity first applies the amendments. January 1, 2022 The Company adopted this standard on a prospective basis and it did not have a material impact on the financial statements. 2020-06, Debt - Debt with conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Equity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Equity’s Own Equity The amendments in this update affect entities that issue convertible instruments and/or contracts indexed to and potentially settled in an entity’s own equity. The new ASU eliminates the beneficial conversion and cash conversion accounting models for convertible instruments. It also amends the accounting for certain contracts in an entity’s own equity that are currently accounted for as derivatives because of specific settlement provisions. In addition, the new guidance modifies how particular convertible instruments and certain contracts that may be settled in cash or shares impact the diluted EPS computation. January 1, 2022 The Company adopted this standard on a fully retrospective basis and its adoption resulted in a $13 million increase to Preferred Stock and a corresponding decrease to Additional paid-in capital. No impact to Earnings per Share amounts reported in 2021 or 2022. 2020-04 and 2021-01, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting The amendments in these updates provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions that reference to LIBOR or another reference rate expected to be discontinued by reference rate reform, and clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. These amendments are effective for a limited period of time (March 12, 2020 - December 31, 2022). Effective for all entities as of March 12, 2020 through December 31, 2022 The Company is implementing the reference rate reform and does not expect these amendments to have a material impact on the financial statements.
New Accounting Pronouncements Issued	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. New Accounting Standards Issued But Not Yet Effective ASU Number and Name Description Date of Adoption Effect on the financial statements upon adoption 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers This update is to improve the accounting for acquired revenue contracts with customers in a business combination by addressing diversity in practice and inconsistency related to the following: (1) Recognition of an acquired contract liability, and (2) Payment terms and their effect on subsequent revenue recognized by the acquirer. Early adoption of the amendments is permitted, including adoption in an interim period. An entity that early adopts in an interim period should apply the amendments (1) retrospectively to all business combinations for which the acquisition date occurs on or after the beginning of the fiscal year that includes the interim period of early application and (2) prospectively to all business combinations that occur on or after the date of initial application. For fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is currently evaluating the impact of adopting the standard on its consolidated financial statements.

Inventory (Tables)

Inventory (Tables)	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventory Balance By Type	The following table summarizes the Company’s inventory balances as of the periods indicated (in millions): June 30, 2022 December 31, 2021 Fuel and other raw materials $ 573 $ 366 Spare parts and supplies 298 238 Total $ 871 $ 604

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
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 were determined based on the nature and risk of the security and are consistent with how the Company manages, monitors, and measures its marketable securities: June 30, 2022 December 31, 2021 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets DEBT SECURITIES: Available-for-sale: Certificates of deposit $ — $ 566 $ — $ 566 $ — $ 199 $ — $ 199 Total debt securities — 566 — 566 — 199 — 199 EQUITY SECURITIES: Mutual funds 27 10 — 37 31 13 — 44 Total equity securities 27 10 — 37 31 13 — 44 DERIVATIVES: Interest rate derivatives — 315 2 317 — 51 2 53 Cross-currency derivatives — — — — — 5 — 5 Foreign currency derivatives — 28 50 78 — 29 108 137 Commodity derivatives — 143 50 193 — 32 6 38 Total derivatives — assets — 486 102 588 — 117 116 233 TOTAL ASSETS $ 27 $ 1,062 $ 102 $ 1,191 $ 31 $ 329 $ 116 $ 476 Liabilities DERIVATIVES: Interest rate derivatives $ — $ 15 $ 1 $ 16 $ — $ 286 $ 8 $ 294 Cross-currency derivatives — 42 — 42 — 11 — 11 Foreign currency derivatives — 33 — 33 — 35 — 35 Commodity derivatives — 111 13 124 — 37 7 44 Total derivatives — liabilities — 201 14 215 — 369 15 384 TOTAL LIABILITIES $ — $ 201 $ 14 $ 215 $ — $ 369 $ 15 $ 384
Marketable Securities [Table Text Block]	The following table presents gross proceeds from the sale of available-for-sale securities during the periods indicated (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Gross proceeds from sale of available-for-sale securities $ 150 $ 55 $ 347 $ 300
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 six months ended June 30, 2022 and 2021 (presented net by type of derivative in millions). Transfers between Level 3 and Level 2 principally result from changes in the significance of unobservable inputs used to calculate the credit valuation adjustment. Three Months Ended June 30, 2022 Interest Rate Cross Currency Foreign Currency Commodity Total Balance at April 1 $ 1 $ — $ 93 $ (13) $ 81 Total realized and unrealized gains (losses): Included in earnings 1 — (32) (4) (35) Included in other comprehensive income — derivative activity 5 — (11) 6 — Included in regulatory (assets) liabilities — — — 15 15 Settlements — — — 2 2 Transfers of assets (liabilities), net into Level 3 — — — 31 31 Transfers of (assets) liabilities, net out of Level 3 (6) — — — (6) Balance at June 30 $ 1 $ — $ 50 $ 37 $ 88 Total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities held at the end of the period $ 1 $ — $ (32) $ — $ (31) Three Months Ended June 30, 2021 Interest Rate Cross Currency Foreign Currency Commodity Total Balance at April 1 $ (166) $ (3) $ 98 $ 1 $ (70) Total realized and unrealized gains (losses): Included in earnings (1) (32) 6 — (27) Included in other comprehensive income — derivative activity (16) — 1 12 (3) Included in regulatory (assets) liabilities — — — 3 3 Settlements 11 3 (8) — 6 Transfers of assets (liabilities), net into Level 3 (20) — — — (20) Transfers of (assets) liabilities, net out of Level 3 — — — (1) (1) Balance at June 30 $ (192) $ (32) $ 97 $ 15 $ (112) Total losses for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities held at the end of the period $ (1) $ — $ (4) $ — $ (5) Six Months Ended June 30, 2022 Interest Rate Cross Currency Foreign Currency Commodity Total Balance at January 1 $ (6) $ — $ 108 $ (1) $ 101 Total realized and unrealized gains (losses): Included in earnings 3 — (44) (4) (45) Included in other comprehensive income — derivative activity 10 — (14) (8) (12) Included in regulatory (assets) liabilities — — — 15 15 Settlements — — — 2 2 Transfers of assets (liabilities), net into Level 3 — — — 31 31 Transfers of (assets) liabilities, net out of Level 3 (6) — — 2 (4) Balance at June 30 $ 1 $ — $ 50 $ 37 $ 88 Total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities held at the end of the period $ 3 $ — $ (44) $ 1 $ (40) Six Months Ended June 30, 2021 Interest Rate Cross Currency Foreign Currency Commodity Total Balance at January 1 $ (236) $ (2) $ 146 $ 2 $ (90) Total realized and unrealized gains (losses): Included in earnings 1 (33) (23) — (55) Included in other comprehensive income — derivative activity 19 — (8) 12 23 Included in regulatory (assets) liabilities — — — 3 3 Settlements 24 3 (18) (1) 8 Transfers of (assets) liabilities, net out of Level 3 — — — (1) (1) Balance at June 30 $ (192) $ (32) $ 97 $ 15 $ (112) Total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets and liabilities held at the end of the period $ 1 $ — $ (44) $ — $ (43)
Fair value schedule of Significant Unobservable Input Recurring	The following table summarizes the significant unobservable inputs used for Level 3 derivative assets (liabilities) as of June 30, 2022 (in millions, except range amounts): Type of Derivative Fair Value Unobservable Input Amount or Range (Weighted Average) Interest rate $ 1 Subsidiaries’ credit spreads 0.8% - 5.7% (4.4%) Foreign currency: Argentine peso 50 Argentine peso to U.S. dollar currency exchange rate after one year 213 - 499 (374) Commodity: Other 37 Total $ 88
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). Measurement Date Carrying Amount (1) Fair Value Pre-tax Loss Six Months Ended June 30, 2022 Level 1 Level 2 Level 3 Long-lived assets held and used: Maritza 4/30/2022 $ 927 $ — $ — $ 452 $ 475 Measurement Date Carrying Amount (1) Fair Value Pre-tax Loss Six Months Ended June 30, 2021 Level 1 Level 2 Level 3 Long-lived assets held and used: Puerto Rico 3/31/2021 $ 548 $ — $ — $ 73 $ 475 Mountain View I & II 4/30/2021 78 — — 11 67 Ventanas 3 & 4 6/30/2021 661 — — 12 649 Angamos 6/30/2021 241 — — 86 155 _____________________________
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	The following table summarizes the significant unobservable inputs used in the Level 3 measurement of long-lived assets held and used measured on a nonrecurring basis during the six months ended June 30, 2022 (in millions, except range amounts): Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Long-lived assets held and used: Maritza $ 452 Discounted cash flow Annual revenue growth (66)% to 11% (-11%) Annual variable margin (66)% to 23% (-1%) Weighted-average cost of capital 20% to 25% (21%) Total $ 452
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 the periods indicated, but for which fair value is disclosed: June 30, 2022 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 Assets: Accounts receivable — noncurrent (1) $ 44 $ 81 $ — $ — $ 81 Liabilities: Non-recourse debt 17,020 17,654 — 15,451 2,203 Recourse debt 4,177 3,812 — 3,812 — December 31, 2021 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 Assets: Accounts receivable — noncurrent (1) $ 55 $ 117 $ — $ — $ 117 Liabilities: Non-recourse debt 14,811 16,091 — 16,065 26 Recourse debt 3,754 3,818 — 3,818 — _____________________________ (1) These amounts primarily relate to amounts due from CAMMESA, the administrator of the wholesale electricity market in Argentina, and amounts impacted by the Stabilization Fund enacted by the Chilean government, 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 $2 million as of June 30, 2022 and December 31, 2021.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Interest Rate And Cross Currency Derivatives By Type Table	The following tables present the Company’s maximum notional (in millions) over the remaining contractual period by type of derivative as of June 30, 2022, regardless of whether they are in qualifying cash flow hedging relationships, and the dates through which the maturities for each type of derivative range: Interest Rate and Foreign Currency Derivatives Maximum Notional Translated to USD Latest Maturity Interest rate $ 5,596 2059 Cross-currency swaps (Brazilian real) 254 2026 Foreign Currency: Colombian peso 132 2024 Euro 58 2024 Mexican peso 53 2023 Brazilian real 37 2024 Chilean peso 29 2024 Argentine peso 9 2026 Commodity Derivatives Maximum Notional Latest Maturity Natural Gas (in MMBtu) 115 2029 Power (in MWhs) 25 2040 Coal (in Tons or Metric Tons) 7 2027
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 the periods indicated (in millions): Fair Value June 30, 2022 December 31, 2021 Assets Designated Not Designated Total Designated Not Designated Total Interest rate derivatives $ 317 $ — $ 317 $ 53 $ — $ 53 Cross-currency derivatives — — — 5 — 5 Foreign currency derivatives 14 64 78 28 109 137 Commodity derivatives 31 162 193 6 32 38 Total assets $ 362 $ 226 $ 588 $ 92 $ 141 $ 233 Liabilities Interest rate derivatives $ 15 $ 1 $ 16 $ 288 $ 6 $ 294 Cross-currency derivatives 42 — 42 11 — 11 Foreign currency derivatives 21 12 33 23 12 35 Commodity derivatives 13 111 124 11 33 44 Total liabilities $ 91 $ 124 $ 215 $ 333 $ 51 $ 384 June 30, 2022 December 31, 2021 Fair Value Assets Liabilities Assets Liabilities Current $ 216 $ 86 $ 85 $ 83 Noncurrent 372 129 148 301 Total $ 588 $ 215 $ 233 $ 384
Gain Loss In Earnings On Ineffective Portion Of Qualifying Cash Flow Hedges Table	The following table presents the pre-tax gains (losses) recognized in AOCL and earnings related to all derivative instruments for the periods indicated (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Cash flow hedges Gains (losses) recognized in AOCL Interest rate derivatives $ 323 $ (222) $ 627 $ 87 Cross-currency derivatives — 1 — 3 Foreign currency derivatives (24) (19) (12) (20) Commodity derivatives 32 17 61 17 Total $ 331 $ (223) $ 676 $ 87 Losses reclassified from AOCL into earnings Interest rate derivatives $ (23) $ (28) $ (50) $ (52) Cross-currency derivatives — (1) — (2) Foreign currency derivatives — (2) — (5) Commodity derivatives — (1) (1) (3) Total $ (23) $ (32) $ (51) $ (62) Gains (losses) on fair value hedging relationship Cross-currency derivatives $ 8 $ (32) $ (35) $ (32) Hedged items (25) 35 22 35 Total $ (17) $ 3 $ (13) $ 3 Loss reclassified from AOCL to earnings due to impairment of assets $ (16) $ (9) $ (16) $ (13) Loss reclassified from AOCL to earnings due to de-designation of hedge $ (15) $ — $ (15) $ — Gains (losses) recognized in earnings related to Not designated as hedging instruments: Interest rate derivatives $ 1 $ (9) $ 3 $ 105 Foreign currency derivatives 4 7 (15) (4) Commodity derivatives and other 30 12 17 (81) Total $ 35 $ 10 $ 5 $ 20

Financing Receivables (Tables)

Financing Receivables (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Financing Receivables Table	The following table presents financing receivables by country as of the dates indicated (in millions): June 30, 2022 December 31, 2021 Gross Receivable Allowance Net Receivable Gross Receivable Allowance Net Receivable Chile $ 16 $ — $ 16 $ 17 $ — $ 17 Argentina 8 1 7 11 1 10 Other 23 — 23 30 — 30 Total $ 47 $ 1 $ 46 $ 58 $ 1 $ 57

Investments In and Advances To

Investments In and Advances To Affiliates (Tables)	6 Months Ended
	Jun. 30, 2022
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 and majority-owned unconsolidated subsidiaries that are accounted for using the equity method (in millions): 50%-or-less Owned Affiliates (1) Majority-Owned Unconsolidated Subsidiaries Six Months Ended June 30, 2022 2021 2022 2021 Revenue $ 792 $ 726 $ 1 $ 1 Operating margin (loss) (249) 12 — (1) Net loss (323) (93) — (2) _______________________________

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Non-recourse debt [Table Text Block]	During the six months ended June 30, 2022, the Company’s subsidiaries had the following significant debt transactions: Subsidiary Transaction Period Issuances Repayments AES Andes (1) Q1, Q2 $ 477 $ (95) AES Brasil Q1, Q2 469 (201) United Kingdom Q1 710 (350) Netherlands/Panama Q1 500 — El Salvador Q2 348 (345) AES Clean Energy Development Q2 267 — AES Indiana Q2 200 — AES Ohio Q2 140 — _____________________________
Debt In Default	— The following table summarizes the Company’s subsidiary non-recourse debt in default (in millions) as of June 30, 2022. Due to the defaults, these amounts are included in the current portion of non-recourse debt: Subsidiary Primary Nature of Default Debt in Default Net Assets AES Puerto Rico Covenant $ 177 $ (185) AES Jordan PSC (1) Covenant 75 126 AES Ilumina (Puerto Rico) Covenant 28 26 AES Jordan Solar Covenant 7 9 Total $ 287 _____________________________

Contingencies and Commitments (

Contingencies and Commitments (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022. 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. Contingent Contractual Obligations Amount (in millions) Number of Agreements Maximum Exposure Range for Each Agreement (in millions) Guarantees and commitments $ 2,252 81 $0 — 400 Letters of credit under the unsecured credit facilities 155 44 $0 — 36 Letters of credit under the revolving credit facility 26 12 $0 — 15 Surety bonds 2 2 $1 Total $ 2,435 139

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Operating Lease, Lease Income [Table Text Block]	The following table presents lease revenue from operating leases in which the Company is the lessor for the periods indicated (in millions): Three Months Ended June 30, Six Months Ended June 30, Operating Lease Revenue 2022 2021 2022 2021 Total lease revenue $ 140 $ 118 $ 274 $ 261 Less: Variable lease revenue (16) (25) (23) (39) Total Non-variable lease revenue $ 124 $ 93 $ 251 $ 222
Sales-type Lease, Lease Income [Table Text Block]	The following table shows the future lease receipts as of June 30, 2022 for the remainder of 2022 through 2026 and thereafter (in millions): Future Cash Receipts for Sales-Type Leases Operating Leases 2022 $ 12 $ 215 2023 24 384 2024 24 384 2025 24 385 2026 24 277 Thereafter 361 747 Total $ 469 $ 2,392 Less: Imputed interest (268) Present value of total lease receipts $ 201
Property, Plant, and Equipment, Lessor Asset under Operating Lease	The following table presents the underlying gross assets and accumulated depreciation of operating leases included in Property, plant and equipment, net for the periods indicated (in millions): Property, Plant and Equipment, Net June 30, 2022 December 31, 2021 Gross assets $ 1,600 $ 2,423 Less: Accumulated depreciation (419) (765) Net assets $ 1,181 $ 1,658

Redeemable Stocks of Subsidia_2

Redeemable Stocks of Subsidiaries (Tables)	6 Months Ended
	Jun. 30, 2022
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): June 30, 2022 December 31, 2021 IPALCO common stock $ 700 $ 700 AES Clean Energy Development common stock 400 497 AES Indiana preferred stock 60 60 Potengi common and preferred stock 13 — Total redeemable stock of subsidiaries $ 1,173 $ 1,257

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Components Of Accumulated Other Comprehensive Income	The following table summarizes the changes in AOCL by component, net of tax and NCI, for the six months ended June 30, 2022 (in millions): Foreign currency translation adjustment, net Unrealized derivative gains (losses), net Unfunded pension obligations, net Total Balance at the beginning of the period $ (1,734) $ (456) $ (30) $ (2,220) Other comprehensive income (loss) before reclassifications (15) 490 — 475 Amount reclassified to earnings — 30 1 31 Other comprehensive income (loss) (15) 520 1 506 Reclassification from NCI due to share repurchases (53) (20) (3) (76) Balance at the end of the period $ (1,802) $ 44 $ (32) $ (1,790)
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: AOCL Components Affected Line Item in the Condensed Consolidated Statements of Operations Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Foreign currency translation adjustment, net Gain (loss) on disposal and sale of business interests $ — $ (3) $ — $ (3) Net income (loss) attributable to The AES Corporation $ — $ (3) $ — $ (3) Derivative gains (losses), net Non-regulated revenue $ — $ — $ (1) $ — Non-regulated cost of sales (1) (3) (2) (4) Interest expense (10) (13) (33) (29) Gain (loss) on disposal and sale of business interests (16) — (16) — Asset impairment expense — (9) — (13) Foreign currency transaction losses — (2) — (5) Income from continuing operations before taxes and equity in earnings of affiliates (27) (27) (52) (51) Income tax benefit (expense) 3 6 13 13 Net equity in earnings (losses) of affiliates 4 (5) 1 (11) Net income (loss) (20) (26) (38) (49) Less: Net loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries (3) 7 8 13 Net income (loss) attributable to The AES Corporation $ (23) $ (19) $ (30) $ (36) Amortization of defined benefit pension actuarial gain (loss), net Regulated cost of sales $ (1) $ (1) $ (1) $ (1) Other expense 1 (1) — (1) Income (loss) from continuing operations before taxes and equity in earnings of affiliates — (2) (1) (2) Income tax benefit (expense) — 1 — 1 Net income (loss) attributable to The AES Corporation $ — $ (1) $ (1) $ (1) Total reclassifications for the period, net of income tax and noncontrolling interests $ (23) $ (23) $ (31) $ (40)

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Revenue By Segment Table	The following tables present financial information by segment for the periods indicated (in millions): Three Months Ended June 30, Six Months Ended June 30, Total Revenue 2022 2021 2022 2021 US and Utilities SBU $ 1,197 $ 972 $ 2,314 $ 1,921 South America SBU 880 964 1,690 1,848 MCAC SBU 686 490 1,252 1,025 Eurasia SBU 318 277 686 547 Corporate and Other 36 37 59 61 Eliminations (39) (40) (71) (67) Total Revenue $ 3,078 $ 2,700 $ 5,930 $ 5,335

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contracts with Customers [Abstract]
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): Three Months Ended June 30, 2022 US and Utilities SBU South America SBU MCAC SBU Eurasia SBU Corporate, Other and Eliminations Total Regulated Revenue Revenue from contracts with customers $ 794 $ — $ — $ — $ — $ 794 Other regulated revenue 8 — — — — 8 Total regulated revenue 802 — — — — 802 Non-Regulated Revenue Revenue from contracts with customers 281 877 662 266 (3) 2,083 Other non-regulated revenue (1) 114 3 24 52 — 193 Total non-regulated revenue 395 880 686 318 (3) 2,276 Total revenue $ 1,197 $ 880 $ 686 $ 318 $ (3) $ 3,078 Three Months Ended June 30, 2021 US and Utilities SBU South America SBU MCAC SBU Eurasia SBU Corporate, Other and Eliminations Total Regulated Revenue Revenue from contracts with customers $ 659 $ — $ — $ — $ — $ 659 Other regulated revenue 12 — — — — 12 Total regulated revenue 671 — — — — 671 Non-Regulated Revenue Revenue from contracts with customers 232 959 465 215 (3) 1,868 Other non-regulated revenue (1) 69 5 25 62 — 161 Total non-regulated revenue 301 964 490 277 (3) 2,029 Total revenue $ 972 $ 964 $ 490 $ 277 $ (3) $ 2,700 Six Months Ended June 30, 2022 US and Utilities SBU South America SBU MCAC SBU Eurasia SBU Corporate, Other and Eliminations Total Regulated Revenue Revenue from contracts with customers $ 1,622 $ — $ — $ — $ — $ 1,622 Other regulated revenue 15 — — — — 15 Total regulated revenue 1,637 — — — — 1,637 Non-Regulated Revenue Revenue from contracts with customers 550 1,682 1,203 575 (12) 3,998 Other non-regulated revenue (1) 127 8 49 111 — 295 Total non-regulated revenue 677 1,690 1,252 686 (12) 4,293 Total revenue $ 2,314 $ 1,690 $ 1,252 $ 686 $ (12) $ 5,930 Six Months Ended June 30, 2021 US and Utilities SBU South America SBU MCAC SBU Eurasia SBU Corporate, Other and Eliminations Total Regulated Revenue Revenue from contracts with customers $ 1,357 $ — $ — $ — $ — $ 1,357 Other regulated revenue 21 — — — — 21 Total regulated revenue 1,378 — — — — 1,378 Non-Regulated Revenue Revenue from contracts with customers 456 1,842 975 424 (6) 3,691 Other non-regulated revenue (1) 87 6 50 123 — 266 Total non-regulated revenue 543 1,848 1,025 547 (6) 3,957 Total revenue $ 1,921 $ 1,848 $ 1,025 $ 547 $ (6) $ 5,335 _______________________________ (1) Other non-regulated revenue primarily includes lease and derivative revenue not accounted for under ASC 606.

Other Income and Expense (Table

Other Income and Expense (Tables)	6 Months Ended
	Jun. 30, 2022
Other Income and Expenses [Abstract]
Schedule of other Income and other expense [Table Text Block]	The components are summarized as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Other Income Gain on remeasurement of investment (1) $ 26 $ — $ 26 $ — Insurance proceeds (2) 16 — 16 — Legal settlements 6 — 6 — AFUDC (US Utilities) 2 2 5 4 Gain on acquired customer contracts 5 — 5 — Gain on remeasurement of contingent consideration 3 — 3 — Gain on remeasurement to acquisition-date fair value (3) — 176 — 212 Other 12 5 15 10 Total other income $ 70 $ 183 $ 76 $ 226 Other Expense Allowance for lease receivable (4) $ 20 $ — $ 20 $ — Loss on sale and disposal of assets 5 4 9 7 Loss on commencement of sales-type leases (5) — — — 13 Other 4 — 12 — Total other expense $ 29 $ 4 $ 41 $ 20 _____________________________ (1) Related to the remeasurement of our existing investment in 5B, accounted for using the measurement alternative. (2) Primarily related to insurance recoveries associated with property damage at TermoAndes. (3) Related to the remeasurement of our existing equity interest in sPower’s development platform as part of the step acquisition to form AES Clean Energy Development. See Note 18— Acquisitions for further information. (4) Related to a full allowance recognized on a sales-type lease receivable at AES Gilbert due to a fire incident in April 2022. (5) Related to a loss recognized at commencement of a sales-type lease at AES Renewable Holdings. See Note 9— Leases for further information.

Asset Impairment Expense (Table

Asset Impairment Expense (Tables)	6 Months Ended
	Jun. 30, 2022
Impairment or Disposal of Tangible Assets Disclosure [Abstract]
Details of Impairment of Long-Lived Assets Held and Used by Asset [Table Text Block]	The following table presents our asset impairment expense for the periods indicated (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Maritza $ 475 $ — $ 475 $ — Ventanas 3 & 4 — 649 — 649 Puerto Rico — — — 475 Angamos — 155 — 155 Mountain View I & II — 67 — 67 Other 7 1 8 (1) Total $ 482 $ 872 $ 483 $ 1,345

Held-for-Sale and Disposition_2

Held-for-Sale and Dispositions (Tables)	6 Months Ended
	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	Excluding any impairment charges, pre-tax income attributable to AES of businesses held-for-sale as of June 30, 2022 was as follows: Three Months Ended June 30, Six Months Ended June 30, (in millions) 2022 2021 2022 2021 Mong Duong $ 16 $ 15 $ 41 $ 30 Jordan 6 5 11 10 Total $ 22 $ 20 $ 52 $ 40

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
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 six months ended June 30, 2022 and 2021, where income represents the numerator and weighted average shares represent the denominator. Three Months Ended June 30, 2022 2021 (in millions, except per share data) Loss Shares $ per Share Income Shares $ per Share BASIC EARNINGS (LOSS) PER SHARE Income (loss) from continuing operations attributable to The AES Corporation common stockholders $ (179) 668 $ (0.27) $ 24 666 $ 0.03 EFFECT OF DILUTIVE SECURITIES Stock options — — — — 1 — Restricted stock units — — — — 3 — Equity units — — — — 1 — DILUTED EARNINGS (LOSS) PER SHARE $ (179) 668 $ (0.27) $ 24 671 $ 0.03 Six Months Ended June 30, 2022 2021 (in millions, except per share data) Loss Shares $ per Share Loss Shares $ per Share BASIC EARNINGS (LOSS) PER SHARE Income (loss) from continuing operations attributable to The AES Corporation common stockholders $ (64) 668 $ (0.10) $ (124) 666 $ (0.19) EFFECT OF DILUTIVE SECURITIES Stock options — — — — — — Restricted stock units — — — — — — Equity units — — — — — — DILUTED EARNINGS (LOSS) PER SHARE $ (64) 668 $ (0.10) $ (124) 666 $ (0.19)

Financial Statement Presentat_4

Financial Statement Presentation New Accounting Pronouncement Adopted (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jan. 01, 2022	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 1,075			$ 943
Restricted Cash and Cash Equivalents, Current	412			304
Debt service reserves and other deposits	164			237
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	1,651	$ 2,026		1,484	$ 1,827
Accounts Receivable, Allowance for Credit Loss, Current	5			5
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	28	4
Accounts Receivable, Allowance for Credit Loss, Writeoff	(11)	(6)
Financing Receivable, Allowance for Credit Loss, Recovery	0	0
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation	(5)	(3)
Accounts and Financing Receivable, Allowance for Credit Loss	75	57		63	62
Allowance for Doubtful Accounts, Premiums and Other Receivables	5	4
Preferred Stock, Value, Issued	838	838		838
Additional Paid in Capital	6,924			7,106
Accounting Standards Update 2020-06
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Preferred Stock, Value, Issued			$ 13
Additional Paid in Capital			$ 13
Accounts Receivable [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts Receivable, Allowance for Credit Loss, Current	4	5		3	9
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	5	1
Accounts Receivable, Allowance for Credit Loss, Writeoff	(5)	(6)
Financing Receivable, Allowance for Credit Loss, Recovery	(1)	(1)
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation	0	0
Mong Duong Subsidiary [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts Receivable, Allowance for Credit Loss, Current	29	31		30	32
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	0	0
Accounts Receivable, Allowance for Credit Loss, Writeoff	0	0
Financing Receivable, Allowance for Credit Loss, Recovery	(1)	(1)
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation	0	0
AES Argentina [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts Receivable, Allowance for Credit Loss, Current	21	20		23	20
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	3	3
Accounts Receivable, Allowance for Credit Loss, Writeoff	0	0
Financing Receivable, Allowance for Credit Loss, Recovery	0	0
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation	(5)	(3)
Other Entity [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts Receivable, Allowance for Credit Loss, Current	1	1		7	$ 1
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	0	0
Accounts Receivable, Allowance for Credit Loss, Writeoff	(6)	0
Financing Receivable, Allowance for Credit Loss, Recovery	0	0
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation	0	$ 0
AES Gilbert
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Sales-type Lease, Net Investment in Lease, Allowance for Credit Loss	20			$ 0
Sales-type Lease, Net Investment in Lease, Allowance for Credit Loss, Period Increase (Decrease)	20
Sales-type Lease, Net Investment in Lease, Allowance for Credit Loss, Writeoff	0
Sales-type Lease, Net Investment in Lease, Allowance for Credit Loss, Recovery	0
Sales-type Lease, Net Investment in Lease, Credit Loss Expense (Reversal)	$ 0

Inventory (Details)

Inventory (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Fuel and other raw materials	$ 573	$ 366
Spare parts and supplies	298	238
Total	$ 871	$ 604

Fair Value (Recurring Measureme

Fair Value (Recurring Measurements) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
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	$ 88	$ (112)	$ 88	$ (112)	$ 81	$ 101	$ (70)	$ (90)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1,191		1,191			476
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	215		215			384
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(35)	(27)	(45)	(55)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	2	6	2	8
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3	31	20	31
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3	(6)	(1)	(4)	(1)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	(31)	(5)	(40)	(43)
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities	15	3	15	3
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	1	(192)	1	(192)	1	(6)	(166)	(236)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	1	(1)	3	1
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	11	0	24
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3	0	20	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3	(6)	0	(6)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	1	(1)	3	1
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3				0
Cross 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	0	(32)	0	(32)	0	0	(3)	(2)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	0	(32)	0	(33)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)		0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	3	0	3
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	0	0	0	0
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3				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	50	97	50	97	93	108	98	146
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(32)	6	(44)	(23)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	(8)	0	(18)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	(32)	(4)	(44)	(44)
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3				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	37	15	37	15	$ (13)	(1)	$ 1	$ 2
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(4)	0	(4)	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	2	0	2	(1)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3	31	0	31
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3	0	(1)	(2)
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	15	3	15	3
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3				1
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	27		27			31
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	1,062		1,062			329
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	201		201			369
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	102		102			116
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	14		14			15
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	566		566			199
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	566		566			199
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
Available-for-sale Securities [Member] | 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	566		566			199
Available-for-sale Securities [Member] | 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] | 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	566		566			199
Available-for-sale Securities [Member] | 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
Available-for-sale Securities [Member] | 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	37		37			44
Available-for-sale Securities [Member] | 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	27		27			31
Available-for-sale Securities [Member] | 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	10		10			13
Available-for-sale Securities [Member] | 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
Available-for-sale Securities [Member] | 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	37		37			44
Available-for-sale Securities [Member] | 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	27		27			31
Available-for-sale Securities [Member] | 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	10		10			13
Available-for-sale Securities [Member] | 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	588		588			233
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	215		215			384
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	16		16			294
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	42		42			11
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	33		33			35
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	124		124			44
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	486		486			117
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	201		201			369
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	15		15			286
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	42		42			11
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	33		33			35
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	111		111			37
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	102		102			116
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	14		14			15
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	1		1			8
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	13		13			7
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	317		317			53
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	315		315			51
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	2		2			2
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	0		0			5
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	0		0			5
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	78		78			137
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	28		28			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	50		50			108
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	193		193			38
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	143		143			32
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	50		50			$ 6
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)	0	(3)	(12)	23
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)	5	(16)	10	19
Other comprehensive income - Derivative activity [Member] | Cross 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
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)	(11)	1	(14)	(8)
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)	$ 6	$ 12	$ (8)	$ 12
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			0.80%
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			5.70%
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			4.40%

Fair Value Investment in Market

Fair Value Investment in Marketable Securities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Gain Loss On Marketable Securities
Gross proceeds from sales of AFS securities	$ 150	$ 55	$ 347	$ 300

Fair Value (Level 3 Reconciliat

Fair Value (Level 3 Reconciliation) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Mar. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
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	$ 88	$ (112)	$ 88	$ (112)	$ 81	$ 101	$ (70)	$ (90)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(35)	(27)	(45)	(55)
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities	15	3	15	3
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	6	2	8
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3	31	20	31
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3	(6)	(1)	(4)	(1)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	(31)	(5)	(40)	(43)
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	(3)	(12)	23
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	1	(192)	1	(192)	1	(6)	(166)	(236)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	1	(1)	3	1
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities	0	0	0	0
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	11	0	24
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3	0	20	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3	(6)	0	(6)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3				0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	1	(1)	3	1
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)	5	(16)	10	19
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	50	97	50	97	93	108	98	146
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(32)	6	(44)	(23)
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities	0	0	0	0
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	(8)	0	(18)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3				0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	(32)	(4)	(44)	(44)
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)	(11)	1	(14)	(8)
Cross 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	0	(32)	0	(32)	0	0	(3)	(2)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	0	(32)	0	(33)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)		0
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities	0	0	0	0
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	0	3
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3				0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	0	0	0	0
Cross 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
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	37	15	37	15	$ (13)	$ (1)	$ 1	$ 2
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(4)	0	(4)	0
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities	15	3	15	3
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	0	2	(1)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers Into Level 3	31	0	31
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3	0	(1)	(2)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3				(1)
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)	$ 6	$ 12	$ (8)	$ 12
Minimum [Member] | Interest Rate Contract [Member] | Measurement Input, Entity Credit Risk [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases, Sales, Issues, Settlements [Abstract]
Fair Value Measurement Inputs, Nonrecurring			0.80%
Minimum [Member] | Foreign Exchange | Argentina, Pesos
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Derivative, Forward Exchange Rate	213		213
Maximum [Member] | Interest Rate Contract [Member] | Measurement Input, Entity Credit Risk [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases, Sales, Issues, Settlements [Abstract]
Fair Value Measurement Inputs, Nonrecurring			5.70%
Maximum [Member] | Foreign Exchange | Argentina, Pesos
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Derivative, Forward Exchange Rate	499		499
Weighted Average [Member] | Interest Rate Contract [Member] | Measurement Input, Entity Credit Risk [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases, Sales, Issues, Settlements [Abstract]
Fair Value Measurement Inputs, Nonrecurring			4.40%
Weighted Average [Member] | Foreign Exchange | Argentina, Pesos
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Derivative, Forward Exchange Rate	374		374

Fair Value (Quantitative Inform

Fair Value (Quantitative Information) (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Fair Value Inputs Quantitative Information [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	$ 88	$ 81	$ 101	$ (112)	$ (70)	$ (90)
Interest Rate Contract [Member]
Fair Value Inputs Quantitative Information [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	1	1	(6)	(192)	(166)	(236)
Foreign Exchange Contract [Member]
Fair Value Inputs Quantitative Information [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	50	93	108	97	98	146
Cross currency derivatives [Member]
Fair Value Inputs Quantitative Information [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	0	0	0	(32)	(3)	(2)
Commodity Contract [Member]
Fair Value Inputs Quantitative Information [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	$ 37	$ (13)	$ (1)	$ 15	$ 1	$ 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	0.80%
Measurement Input, Entity Credit Risk [Member] | Interest Rate Contract [Member] | Maximum [Member]
Fair Value Inputs Quantitative Information [Line Items]
Fair Value Measurement Inputs, Nonrecurring	5.70%
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	4.40%

Fair Value (Nonrecurring Measur

Fair Value (Nonrecurring Measurements) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges	$ 482	$ 872	$ 483	$ 1,345
AES Puerto Rico
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		73		73
Ventanas [Domain]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring	12		12
Angamos [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring	86		86
Maritza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring	452		452
Long Lived Assets Held And Used [Member] | AES Puerto Rico
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges				475
Long Lived Assets Held And Used [Member] | Ventanas [Domain]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges				67
Long Lived Assets Held And Used [Member] | Angamos [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges	0	155	0	155
Long Lived Assets Held And Used [Member] | Ventanas 3 & 4
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges	0	649	0	649
Long Lived Assets Held And Used [Member] | Maritza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges	$ 475	0	$ 475	0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		452		452
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | AES Puerto Rico
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		548		548
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | AES Puerto Rico | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		0		0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | AES Puerto Rico | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		0		0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | AES Puerto Rico | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		73		73
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Ventanas [Domain]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		78		78
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Ventanas [Domain] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		0		0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Ventanas [Domain] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		0		0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Ventanas [Domain] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		11		11
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Angamos [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		241		241
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Angamos [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		0		0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Angamos [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		0		0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Angamos [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		86		86
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Ventanas 3 & 4
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		661		661
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Ventanas 3 & 4 | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		0		0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Ventanas 3 & 4 | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		0		0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Ventanas 3 & 4 | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		12		12
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Maritza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		927		927
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Maritza | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		0		0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Maritza | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		0		0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Maritza | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		$ 452		$ 452
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Weighted Average [Member] | Maritza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring			(11.00%)
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Maximum [Member] | Maritza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring			11%
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Minimum [Member] | Maritza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring			(66.00%)
Measurement Input, Discount Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Weighted Average [Member] | Maritza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring			21%
Measurement Input, Discount Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Maximum [Member] | Maritza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring			25%
Measurement Input, Discount Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Minimum [Member] | Maritza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring			20%
Measurement Input, Variable Margin | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Weighted Average [Member] | Maritza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring			(1.00%)
Measurement Input, Variable Margin | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Maximum [Member] | Maritza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring			23%
Measurement Input, Variable Margin | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Minimum [Member] | Maritza
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring			(66.00%)

Fair Value (Instruments Not Mea

Fair Value (Instruments Not Measured at Fair Value) (Details) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Estimate of Fair Value Measurement [Member]
Assets, Fair Value Disclosure [Abstract]
Value added tax			$ 2
Accounts receivable - noncurrent	[1]	$ 81	117
Liabilities, Fair Value Disclosure [Abstract]
Non-recourse debt, including $2,142 and $2,223, respectively, related to variable interest entities		17,654	16,091
Recourse debt		3,812	3,818
Carrying Amount [Member]
Assets, Fair Value Disclosure [Abstract]
Accounts receivable - noncurrent	[1]	44	55
Liabilities, Fair Value Disclosure [Abstract]
Non-recourse debt, including $2,142 and $2,223, respectively, related to variable interest entities		17,020	14,811
Recourse debt		4,177	3,754
Non-recourse debt, including $2,142 and $2,223, respectively, related to variable interest entities		14,997	13,603
Level 1 [Member] | Estimate of Fair Value Measurement [Member]
Assets, Fair Value Disclosure [Abstract]
Accounts receivable - noncurrent		0	0
Liabilities, Fair Value Disclosure [Abstract]
Non-recourse debt, including $2,142 and $2,223, respectively, related to variable interest entities		0	0
Recourse debt		0	0
Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Assets, Fair Value Disclosure [Abstract]
Accounts receivable - noncurrent		0	0
Liabilities, Fair Value Disclosure [Abstract]
Non-recourse debt, including $2,142 and $2,223, respectively, related to variable interest entities		15,451	16,065
Recourse debt		3,812	3,818
Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Assets, Fair Value Disclosure [Abstract]
Accounts receivable - noncurrent	[1]	81	117
Liabilities, Fair Value Disclosure [Abstract]
Non-recourse debt, including $2,142 and $2,223, respectively, related to variable interest entities		2,203	26
Recourse debt		$ 0	$ 0
[1] These amounts primarily relate to amounts due from CAMMESA, the administrator of the wholesale electricity market in Argentina, and amounts impacted by the Stabilization Fund enacted by the Chilean government, 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 $2 million as of June 30, 2022 and December 31, 2021.

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Part 1 (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Derivative Tables [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ (215,000,000)	$ (384,000,000)
Natural Gas and Natural Gas Liquids [Member]
Derivative Tables [Line Items]
Commodity Contract Asset, Current	115,000,000
Energy [Domain]
Derivative Tables [Line Items]
Commodity Contract Asset, Current	25,000,000
Coal [Member]
Derivative Tables [Line Items]
Commodity Contract Asset, Current	7,000,000
Interest Rate Contract [Member]
Derivative Tables [Line Items]
Derivative Liability, Fair Value, Gross Liability	(16,000,000)	(294,000,000)
Interest Rate Contract [Member] | Libor and Euribor [Member]
Derivative Tables [Line Items]
Derivatives, notional amount	5,596,000,000
Cross currency derivatives [Member]
Derivative Tables [Line Items]
Derivative Liability, Fair Value, Gross Liability	(42,000,000)	(11,000,000)
Foreign Exchange Contract [Member]
Derivative Tables [Line Items]
Derivative Liability, Fair Value, Gross Liability	(33,000,000)	(35,000,000)
Commodity Contract [Member]
Derivative Tables [Line Items]
Derivative Liability, Fair Value, Gross Liability	(124,000,000)	$ (44,000,000)
Unidad de Fomento (funds code) | Cross currency derivatives [Member]
Derivative Tables [Line Items]
Derivatives, notional amount	254,000,000
Argentina, Pesos | Foreign Exchange Contract [Member]
Derivative Tables [Line Items]
Derivatives, notional amount	9,000,000
Chile, Pesos | Foreign Exchange Contract [Member]
Derivative Tables [Line Items]
Derivatives, notional amount	29,000,000
Colombia, Pesos | Foreign Exchange Contract [Member]
Derivative Tables [Line Items]
Derivatives, notional amount	132,000,000
Mexico, Pesos | Foreign Exchange Contract [Member]
Derivative Tables [Line Items]
Derivatives, notional amount	58,000,000
Euro Member Countries, Euro | Foreign Exchange Contract [Member]
Derivative Tables [Line Items]
Derivatives, notional amount	53,000,000
Brazil, Brazil Real | Foreign Exchange Contract [Member]
Derivative Tables [Line Items]
Derivatives, notional amount	$ 37,000,000

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Part 2 (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Liabilities
Derivative Liabilities, Gross	$ 215	$ 384
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	588	233
Other Current Assets [Member]
Derivatives Fair Value Table [Line Items]
Derivative Asset, Current	216	85
Other Current Liabilities [Member]
Derivatives Fair Value Table [Line Items]
Derivative Liability, Current	86	83
Other Noncurrent Assets [Member]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Asset, Noncurrent	372	148
Other Noncurrent Liabilities [Member]
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Liability, Noncurrent	129	301
Designated as Hedging Instruments [Member]
Liabilities
Derivative Liabilities, Gross	91	333
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	362	92
Not Designated as Hedging Instruments [Member]
Liabilities
Derivative Liabilities, Gross	124	51
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	226	141
Interest Rate Contract [Member]
Liabilities
Derivative Liabilities, Gross	16	294
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	317	53
Interest Rate Contract [Member] | Designated as Hedging Instruments [Member]
Liabilities
Derivative Liabilities, Gross	15	288
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	317	53
Interest Rate Contract [Member] | Not Designated as Hedging Instruments [Member]
Liabilities
Derivative Liabilities, Gross	1	6
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	0	0
Cross currency derivatives [Member]
Liabilities
Derivative Liabilities, Gross	42	11
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	0	5
Cross currency derivatives [Member] | Designated as Hedging Instruments [Member]
Liabilities
Derivative Liabilities, Gross	42	11
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	0	5
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	33	35
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	78	137
Foreign Exchange Contract [Member] | Designated as Hedging Instruments [Member]
Liabilities
Derivative Liabilities, Gross	21	23
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	14	28
Foreign Exchange Contract [Member] | Not Designated as Hedging Instruments [Member]
Liabilities
Derivative Liabilities, Gross	12	12
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	64	109
Commodity Contract [Member]
Liabilities
Derivative Liabilities, Gross	124	44
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	193	38
Commodity Contract [Member] | Designated as Hedging Instruments [Member]
Liabilities
Derivative Liabilities, Gross	13	11
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	31	6
Commodity Contract [Member] | Not Designated as Hedging Instruments [Member]
Liabilities
Derivative Liabilities, Gross	111	33
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	$ 162	$ 32

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Part 3 (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Cash Flow Hedging [Member]
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ (23)	$ (32)	$ (51)	$ (62)
Gain Loss By Type Of Derivative Tables
Gains (Losses) Recognized in Earnings (not designated as hedging instruments)	331	(223)	676	87
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	(1)	(1)	(3)
Gain Loss By Type Of Derivative Tables
Gains (Losses) Recognized in Earnings (not designated as hedging instruments)	32	17	61	17
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	0	(2)	0	(5)
Gain Loss By Type Of Derivative Tables
Gains (Losses) Recognized in Earnings (not designated as hedging instruments)	(24)	(19)	(12)	(20)
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	0	(1)	0	(2)
Gain Loss By Type Of Derivative Tables
Gains (Losses) Recognized in Earnings (not designated as hedging instruments)	0	1	0	3
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	(24)		(24)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(23)	(28)	(50)	(52)
Gain Loss By Type Of Derivative Tables
Gains (Losses) Recognized in Earnings (not designated as hedging instruments)	323	(222)	627	87
Loss on Cash Flow Hedges due to impairment of assets	(16)	(9)	(16)	(13)
Fair Value Hedging
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) on Hedging Activity	(17)	3	(13)	3
Fair Value Hedging | Other Contract [Member]
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) on Hedging Activity	(25)	35	22	35
Not Designated as Hedging Instrument [Member]
Gain Loss By Type Of Derivative Tables
Gains (Losses) Recognized in Earnings (not designated as hedging instruments)	35	10	5	20
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)	30	12	17	(81)
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)	4	7	(15)	(4)
Not Designated as Hedging Instrument [Member] | Interest Rate Contract [Member]
Gain Loss By Type Of Derivative Tables
Gains (Losses) Recognized in Earnings (not designated as hedging instruments)	1	(9)	3	105
Designated as Hedging Instruments [Member] | Fair Value Hedging
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) on Hedging Activity	$ 8	$ (32)	$ (35)	$ (32)

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities Credit Risk-Related Contingent Features (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Derivative, Net Liability Position, Aggregate Fair Value	$ 215	$ 384

Financing Receivables (Details)

Financing Receivables (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 47	$ 58
Financing Receivable, Allowance for Credit Loss	1	1
Financing receivable	46	57
Argentina [Member]
Financing Receivable Recorded Investment [Line Items]
Financing Receivable, before Allowance for Credit Loss	8	11
Financing Receivable, Allowance for Credit Loss	1	1
Financing receivable	7	10
Chile [Member]
Financing Receivable Recorded Investment [Line Items]
Financing Receivable, before Allowance for Credit Loss	16	17
Financing Receivable, Allowance for Credit Loss	0	0
Financing receivable	16	17
Other Entity [Member]
Financing Receivable Recorded Investment [Line Items]
Financing Receivable, before Allowance for Credit Loss	23	30
Financing Receivable, Allowance for Credit Loss	0	0
Financing receivable	$ 23	$ 30

Investments In and Advances T_2

Investments In and Advances To Affiliates (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended					6 Months Ended		15 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Mar. 31, 2022	Nov. 01, 2021	Mar. 04, 2021
Investments in and Advances to Affiliates [Line Items]
Revenue	$ 3,078			$ 2,700		$ 5,930	$ 5,335
Operating margin (loss)	563			728		1,093	1,392
Gain (Loss) on Disposition of Business	(2)			64		(1)	59
Income (Loss) from Equity Method Investments	$ 5			$ (10)		(28)	(40)
Contributions and loans to equity affiliates						169	$ 173
Shares Issued, Price Per Share									$ 25.86		$ 25.88
Qatar Investment Authority
Investments in and Advances to Affiliates [Line Items]
Equity Method Investment, Ownership Percentage Sold				13.60%			13.60%
Equity Method Investment, Purchase Price Agreement				$ 125
Majority Owned Affiliate [Member]
Investments in and Advances to Affiliates [Line Items]
Revenue						1	$ 1
Operating margin (loss)						0	(1)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest						0	(2)
Minority Owned Affiliates [Member]
Investments in and Advances to Affiliates [Line Items]
Revenue						792	726
Operating margin (loss)						(249)	12
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest						$ (323)	$ (93)
sPower [Member]
Investments in and Advances to Affiliates [Line Items]
Business Combination, Consideration Transferred					$ 104
Fluence [Member]
Investments in and Advances to Affiliates [Line Items]
Equity Method Investment, Ownership Percentage		34.20%		43.20%	50%		43.20%
Equity Method Investment, Realized Gain (Loss) on Disposal (less than)				$ 61
Shares, Issued										35,650
Proceeds from Divestiture of Businesses		$ 936
Shares Issued, Price Per Share										$ 28
Guacolda [Member]
Investments in and Advances to Affiliates [Line Items]
Equity Method Investment, Purchase Price Agreement							$ 34
Equity Method Investment, Ownership Percentage				50%			50%
Contributions and loans to equity affiliates				$ 10
Equity Method Investment, Amount Sold			$ 24
Grupo Energía Gas Panamá
Investments in and Advances to Affiliates [Line Items]
Equity Method Investment, Ownership Percentage	49%					49%		49%
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable				$ 21				$ 45

Debt - Recourse Debt (Details)

Debt - Recourse Debt (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt Instrument [Line Items]
Borrowings under the revolving credit facilities			$ 3,100	$ 998
Loss on extinguishment of debt	$ (1)	$ (18)	$ (7)	$ (19)

Debt - Non-Recourse Debt Narrat

Debt - Non-Recourse Debt Narrative (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt				$ 3,132	$ 700
Loss on extinguishment of debt	$ (1)		$ (18)	(7)	$ (19)
Nonrecourse Debt [Member] | JPMORGAN CHASE BANK N.A. LONDON BRANCH
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt		$ 500
AES Brasil [Domain] | Nonrecourse Debt [Member]
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt				469
Repayments of Long-term Debt				(201)
AES Andres | Nonrecourse Debt [Member]
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt	140
Repayments of Long-term Debt	0
AES Gener | Nonrecourse Debt [Member]
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt				477
Repayments of Long-term Debt				(95)
Colon [Domain] | Nonrecourse Debt [Member] | JPMORGAN CHASE BANK N.A. LONDON BRANCH
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt	50
AES Hispanola Holdings BV | Nonrecourse Debt [Member]
Debt Instrument [Line Items]
Repayments of Long-term Debt		0
AES Hispanola Holdings BV | Nonrecourse Debt [Member] | JPMORGAN CHASE BANK N.A. LONDON BRANCH
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt	450
Mercury Chile HoldCo LLC
Debt Instrument [Line Items]
Proceeds from Contributed Capital	196
Mercury Chile HoldCo LLC | Bridge Loan
Debt Instrument [Line Items]
Repayments of Short-Term Debt		350
Mercury Chile HoldCo LLC | Bridge Loan | JPMORGAN CHASE BANK N.A. LONDON BRANCH
Debt Instrument [Line Items]
Issued senior notes	500			500
Mercury Chile HoldCo LLC | Nonrecourse Debt [Member]
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt		$ 710
Mercury Chile HoldCo LLC | Nonrecourse Debt [Member] | Bridge Loan
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt	350
Mercury Chile HoldCo LLC | Senior Notes [Member] | 6.5% senior notes due 2027
Debt Instrument [Line Items]
Issued senior notes	$ 360			$ 360
Debt Instrument, Interest Rate, Stated Percentage	6.50%			6.50%
IPL Subsidiary [Member] | Nonrecourse Debt [Member]
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt	$ 200
Repayments of Long-term Debt	0
AES Clean Energy Subsidiary | Nonrecourse Debt [Member]
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt	267
Repayments of Long-term Debt	0
AES El Salvador | Nonrecourse Debt [Member]
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt	348
Repayments of Long-term Debt	$ (345)

Debt - Subsidiary Non-recourse

Debt - Subsidiary Non-recourse Debt in Default or Accelerated (Details) $ in Millions	Jun. 30, 2022 USD ($)
Nonrecourse Debt Default [Line Items]
Debt Default Amount	$ 287
Materiality threshold for cash distribution from business to Parent	20%
Debt defaults at risk of causing cross default	0
Covenant Violation [Member] | AES Puerto Rico
Nonrecourse Debt Default [Line Items]
Debt Default Amount	$ 177
Net Assets	(185)
Covenant Violation [Member] | AES llumina [Member]
Nonrecourse Debt Default [Line Items]
Debt Default Amount	28
Net Assets	(26)
Covenant Violation [Member] | JORDAN
Nonrecourse Debt Default [Line Items]
Debt Default Amount	7	[1]
Net Assets	$ (9)	[1]
[1] Subsidiary Primary Nature of Default Debt in Default Net Assets AES Puerto Rico Covenant $ 177 $ (185) AES Jordan PSC (1) Covenant 75 126 AES Ilumina (Puerto Rico) Covenant 28 26 AES Jordan Solar Covenant 7 9 Total $ 287 _____________________________ (1) Classified as current held-for-sale liability on the Condensed Consolidated Balance Sheets.

Contingencies and Commitments_2

Contingencies and Commitments (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($) agreement	Dec. 31, 2021 USD ($)
Schedule Of Contingent Contractual Obligations [Line Items]
The range of expiration dates of guarantees made by the Parent Company	less than one year to no more than 17 years
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 2,435
Number of Agreements | agreement	139
Obligations Number Of Agreements | agreement	139
Accrual for Environmental Loss Contingencies	$ 4	$ 4
Guarantee Obligations [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 2,252
Number of Agreements	81
Obligations Number Of Agreements	81
Financial Standby Letter of Credit [Member] | Unsecured Debt [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 155
Number of Agreements	44
Obligations Number Of Agreements	44
Financial Standby Letter of Credit [Member] | Secured Debt [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 26
Number of Agreements	12
Obligations Number Of Agreements	12
Surety Bond
Schedule Of Contingent Contractual Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 2
Number of Agreements	2
Obligations Number Of Agreements	2
Minimum [Member] | Guarantee Obligations [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 0
Minimum [Member] | Financial Standby Letter of Credit [Member] | Unsecured Debt [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Loss Contingency, Estimate of Possible Loss	0
Minimum [Member] | Financial Standby Letter of Credit [Member] | Secured Debt [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 0
Minimum [Member] | Standby Letters of Credit [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	1%
Letter of credit fee percentage paid	1%
Maximum [Member] | Guarantee Obligations [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 400
Maximum [Member] | Financial Standby Letter of Credit [Member] | Unsecured Debt [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Loss Contingency, Estimate of Possible Loss	36
Maximum [Member] | Financial Standby Letter of Credit [Member] | Secured Debt [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Loss Contingency, Estimate of Possible Loss	15
Maximum [Member] | Surety Bond
Schedule Of Contingent Contractual Obligations [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 1
Maximum [Member] | Standby Letters of Credit [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	3%
Letter of credit fee percentage paid	3%

Contingencies and Commitments -

Contingencies and Commitments - Loss Contingencies (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2021	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Environmental Contingencies
Liability recorded for projected environmental remediation costs				$ 4	$ 4
AES Tiete [Domain]
Litigation Contingencies
Reversal of Cost of Goods	$ 6		$ 184
AES Tiete [Domain] | Compensation from Concession Agreement
Litigation Contingencies
Other Intangible Assets, Net	$ 190					$ 184
AES Tiete [Domain] | Compensation from Concession Agreement
Litigation Contingencies
Deferred Compensation Arrangement with Individual, Requisite Service Period		2 years 8 months 12 days
Litigation [Member]
Litigation Contingencies
Aggregate reserves for claims deemed both probable and reasonably estimable				28	$ 23
Maximum [Member] | Litigation [Member]
Environmental Contingencies
Loss Contingency, Estimate of Possible Loss				728
Maximum [Member] | Environmental Issue
Environmental Contingencies
Loss Contingency, Estimate of Possible Loss				12
Minimum [Member] | Litigation [Member]
Environmental Contingencies
Loss Contingency, Estimate of Possible Loss				$ 247

Leases Lessor (Details)

Leases Lessor (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Lessor Disclosure [Abstract]
Operating Lease, Lease Income	$ 140	$ 118	$ 274	$ 261
Variable Lease, Income	(16)	(25)	(23)	(39)
Lease Income	124	93	251	222
Sales-type and Direct Financing Leases, Lease Receivable, Fiscal Year Maturity [Abstract]
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, after Year Five	361		361
Sales-type and Direct Financing Leases, Lease Receivable, Payments to be Received	469		469
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Five	24		24
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Four	24		24
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Three	24		24
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Two	24		24
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year One	12		12
Sales-type and Direct Financing Leases, Lease Receivables, Gross Difference, Amount [Abstract]
Sales-type and Direct Financing Leases, Lease Receivable	201		201
Sales-type and Direct Financing Leases, Lease Receivable, Undiscounted Excess Amount	(268)		(268)
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Lessor, Operating Lease, Payment to be Received, Year One	215		215
Lessor, Operating Lease, Payment to be Received, Year Two	384		384
Lessor, Operating Lease, Payment to be Received, Year Three	384		384
Lessor, Operating Lease, Payment to be Received, Year Four	385		385
Lessor, Operating Lease, Payment to be Received, Year Five	277		277
Lessor, Operating Lease, Payment to be Received, after Year Five	747		747
Lessor, Operating Lease, Payments to be Received	2,392		2,392
Operating Lease, Risk Strategy, Residual Asset	8,387		8,387		$ 8,486
Sales-type Lease, Interest Income	13	$ 4	16	8
Property, Plant and Equipment [Member]
Lessor Disclosure [Abstract]
Operating Lease, Right-of-Use Asset	1,600		1,600		2,423
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Operating Lease, Right-of-Use Asset	1,600		1,600		2,423
Accumulated Amortization on PP&E
Lessor Disclosure [Abstract]
Operating Lease, Right-of-Use Asset	419		419		765
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Operating Lease, Right-of-Use Asset	419		419		765
Assets
Lessor Disclosure [Abstract]
Operating Lease, Right-of-Use Asset	1,181		1,181		1,658
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Operating Lease, Right-of-Use Asset	$ 1,181		$ 1,181		$ 1,658
AES Renewable Holdings
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Sales-type and Direct Financing Leases, Profit (Loss)				$ (13)

Redeemable Stocks of Subsidia_3

Redeemable Stocks of Subsidiaries (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Mar. 31, 2021
Temporary Equity [Line Items]
Redeemable Noncontrolling Interest, Equity, Carrying Amount	$ 1,173		$ 1,257
Temporary Equity, Other Charges		$ 81
AIMco
Temporary Equity [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners				25%
Cajuina Wind Complex
Temporary Equity [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	35.50%
IPALCO Enterprises, Inc. [Member]
Temporary Equity [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	$ 700		700
Clean Energy
Temporary Equity [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	400		497
IPL Subsidiary [Member]
Temporary Equity [Line Items]
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount	60		60
Potengi
Temporary Equity [Line Items]
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount	$ 13		$ 0
Cajuina Wind Complex
Temporary Equity [Line Items]
Sale of Stock, Description of Transaction	24
Sale of Stock, Consideration Received on Transaction	$ 12

Equity Equity Transactions with

Equity Equity Transactions with Noncontrolling Interests (Details) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended
	Jan. 31, 2022	Feb. 05, 2021	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Jun. 30, 2021
Noncontrolling Interest [Line Items]
Contributions from noncontrolling interests					$ 28,000,000	$ 95,000,000
AES Brasil [Domain]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	45.70%	36.30%
Sale of Stock, Percentage of Ownership before Transaction	45.30%
Ownership interest acquired in subsidiary			1.60%		1.60%
AES Gener
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	98%	67.10%	99%		99%
Sale of Stock, Percentage of Ownership before Transaction	67.10%	67%
Ownership interest acquired in subsidiary			1%		1%
Cajuina Wind Complex
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent			35.50%		35.50%
AES Gener
Noncontrolling Interest [Line Items]
Sale of Stock, Consideration Received on Transaction	$ 522,000,000
Stockholders' Equity, Period Increase (Decrease)					$ 169,000,000
Adjustments to Additional Paid in Capital, Other					93,000,000
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent					76,000,000
Stock Issued During Period, Shares, New Issues		1,980,000,000
Common Stock, Shares Subscribed but Unissued		1,350,000,000
Investment Owned, at Cost		$ 205,000,000	$ 13,000,000		13,000,000
Contributions from noncontrolling interests		94,000,000
Other Noncontrolling Interests		$ 629,000,000
AES Brasil [Domain]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Period Increase (Decrease)					13,000,000
Adjustments to Additional Paid in Capital, Other					6,000,000
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent					7,000,000
Investment Owned, at Cost			17,000,000		$ 17,000,000
Equity Method Investment, Ownership Percentage						100%
Guaimbe Solar Complex [Member]
Noncontrolling Interest [Line Items]
Sale of Stock, Description of Transaction					3.5	19.9
Sale of Stock, Consideration Received on Transaction					$ 63,000,000	$ 158,000,000
Sale of Stock, Percentage of Ownership after Transaction					35.80%
Chile Renovables SpA
Noncontrolling Interest [Line Items]
Sale of Stock, Consideration Received on Transaction			80,000,000	$ 37,000,000
Adjustments to Additional Paid in Capital, Other			12,000,000	9,000,000
Noncontrolling Interest, Increase from Subsidiary Equity Issuance			$ 68,000,000	$ 28,000,000
Chile Renovables SpA | Global Infrastructure Management
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			49%		49%
Cajuina Wind Complex
Noncontrolling Interest [Line Items]
Sale of Stock, Description of Transaction					24
Sale of Stock, Consideration Received on Transaction					$ 12,000,000
Clean Energy
Noncontrolling Interest [Line Items]
Contributions from noncontrolling interests					$ 98,000,000

Equity Accumulated Other Compre

Equity Accumulated Other Comprehensive Loss (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent			$ 506,000,000
Unfunded pension obligation, Net of Tax	$ (32,000,000)		(32,000,000)		$ (30,000,000)
Foreign currency translation adjustment, Net of Tax	(1,802,000,000)		(1,802,000,000)		(1,734,000,000)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(1,790,000,000)		(1,790,000,000)		(2,220,000,000)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax			475,000,000
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	44,000,000		44,000,000		$ (456,000,000)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			31,000,000
Total foreign currency translation adjustment, net of income tax	(149,000,000)	$ 41,000,000	(17,000,000)	$ (28,000,000)
Total pension adjustments, net of income tax	0	$ 0	(1,000,000)	$ (1,000,000)
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			490,000,000
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			30,000,000
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			520,000,000
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			1,000,000
Total pension adjustments, net of income tax			1,000,000
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax			(15,000,000)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			0
Total foreign currency translation adjustment, net of income tax			(15,000,000)
Gener Subsidiary [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(76,000,000)		(76,000,000)
AES Brasil [Domain]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustment, Net of Tax	(53,000,000)		(53,000,000)
AES Brasil [Domain] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			(20,000,000)
AES Brasil [Domain] | Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unfunded pension obligation, Net of Tax	$ (3,000,000)		$ (3,000,000)

Equity Reclassifications Out of

Equity Reclassifications Out of AOCL (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items]
Cost of Goods and Services Sold	$ (2,515)	$ (1,972)	$ (4,837)	$ (3,943)
General and Administrative Expense	(46)	(45)	(98)	(91)
Other expense	(29)	(4)	(41)	(20)
Interest expense	(279)	(237)	(537)	(427)
Gain (loss) on disposal and sale of business interests	(2)	64	(1)	59
Impairment expense			(483)	(1,345)
Foreign currency transaction gains (losses)	(49)	(2)	(68)	(37)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES	(160)	(130)	104	(121)
Income tax benefit (expense)	19	59	(41)	51
Income (Loss) from Equity Method Investments	5	(10)	(28)	(40)
INCOME FROM CONTINUING OPERATIONS	(136)	(81)	35	(110)
Net income (loss)	(136)	(77)	35	(106)
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION	(179)	28	(64)	(120)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			31
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	(23)	(23)	(31)	(40)
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			0
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]
Gain (loss) on disposal and sale of business interests	0	(3)	0	(3)
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION	0	(3)	0	(3)
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]
Other expense	1	(1)	0	(1)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES	0	(2)	(1)	(2)
Income tax benefit (expense)	0	1	0	(1)
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Regulated Operation
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items]
Cost of Goods and Services Sold	(1)	(1)	(1)	(1)
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	0	0	(1)	0
Cost of Goods and Services Sold	(1)	(3)	(2)	(4)
Interest expense	(10)	(13)	(33)	(29)
Gain (loss) on disposal and sale of business interests	(16)	0	(16)	0
Impairment expense	0	(9)	0	(13)
Foreign currency transaction gains (losses)	0	(2)	0	(5)
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES	(27)	(27)	(52)	(51)
Income tax benefit (expense)	3	6	13	13
Income (Loss) from Equity Method Investments	4	(5)	1	(11)
Net income (loss)	(20)	(26)	(38)	(49)
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 loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries	(3)	7	8	13
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			30
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	(23)	(19)	(30)	(36)
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			1
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]
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION	$ 0	$ (1)	$ (1)	$ (1)

Equity Common Stock Dividends (

Equity Common Stock Dividends (Details) - $ / shares		3 Months Ended
	Jul. 15, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Common Stock, Dividends, Per Share, Cash Paid		$ 0.1580	$ 0.1580	$ 0.1580
Common Stock, Dividends, Per Share, Declared			$ 0.1580		$ 0.1505
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared	$ 0.1580

Equity Units (Details)

Equity Units (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Mar. 04, 2021
Equity Units Disclosure [Line Items]
Accretion Expense	$ 5
Equity Unit, Shares Issued					10,430,500
Preferred Stock, Shares Issued	1,043,050	1,043,050		1,043,050
Preferred Stock, Liquidation Preference Per Share	$ 1,000
Preferred Stock, Dividend Rate, Percentage	0%
Forward Contract Indexed to Issuer's Equity, Forward Rate Per Share	$ 100
Forward Contract Indexed to Issuer's Equity, Interest Rate	6.875%
Forward Contract Indexed to Issuer's Equity, Shares	57,256,144
Shares Issued, Price Per Share			$ 25.86			$ 25.88
Forward Contract Indexed to Issuer's Equity, Maximum Settlement Rate	3.864	3.8667
Forward Contract Indexed to Equity, Settlement, Cash, Amount	$ 1,000
Forward Contract Indexed to Issuer's Equity, Present Value of Interest Payments	$ 205	$ 124
Preferred Shares Deliverable Upon Early Settlement of Purchase Contracts	85%
Corporate Unit, Notional Value	$ 1,043				$ 1,043
Preferred Stock, Value, Issued	$ 838	$ 838		$ 838
Preferred Stock, Convertible, Conversion Price		$ 31.68			$ 31.70
Preferred Stock , Convertible, Initial Conversion Rate					$ 31.5428
Preferred Stock, Redemption Percentage	100%
Preferred Stock, Beneficial Ownership Interest in One Share					10%
Corporate Equity Unit, Stated Value per Share					$ 100
Proceeds from Equity Units, net of underwriting costs and commissions, before offering expenses	$ 1,000

Segments (Details)

Segments (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) segment	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Total Revenue	$ 3,078	$ 2,700	$ 5,930	$ 5,335
Number of strategic business units | segment			4
Number of reportable segments | segment			4
Reconciliation To Income From Continuing Operations Before Taxes
Income (loss) from continuing operations before taxes and equity in earnings of affiliates	(160)	(130)	$ 104	(121)
Net equity in earnings (losses) of affiliates	5	(10)	(28)	(40)
Less: Income (loss) from continuing operations before taxes, attributable to noncontrolling interests	53	(140)	119	23
Pretax contribution	(208)	0	(43)	(184)
Unrealized derivative losses (gains)	35	(8)	(6)	(77)
Unrealized foreign currency transaction losses (gains)	(39)	12	(20)	6
Disposition/acquisition losses (gains)	(23)	229	(32)	244
Impairment losses	(479)	(628)	(480)	(1,103)
Extinguishment of debt losses (gains)	(6)	(18)	(16)	(24)
Gain (Loss) on Contract Termination	0	(110)	0	(220)
Adjusted Pretax Contribution	304	303	511	550
Assets
Total Assets	36,070		36,070		$ 32,963
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total Revenue	(39)	(40)	(71)	(67)
Reconciliation To Income From Continuing Operations Before Taxes
Adjusted Pretax Contribution	35	15	30	25
US and Utilities [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	1,197	972	2,314	1,921
Reconciliation To Income From Continuing Operations Before Taxes
Adjusted Pretax Contribution	70	128	127	172
Assets
Total Assets	18,541		18,541		16,512
MCAC [Member]
Segment Reporting Information [Line Items]
Total Revenue	686	490	1,252	1,025
MCAC [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	686	490	1,252	1,025
Reconciliation To Income From Continuing Operations Before Taxes
Adjusted Pretax Contribution	87	71	124	132
Assets
Total Assets	4,968		4,968		4,545
EURASIA [Member]
Segment Reporting Information [Line Items]
Total Revenue	318	277	686	547
EURASIA [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	318	277	686	547
Reconciliation To Income From Continuing Operations Before Taxes
Adjusted Pretax Contribution	42	48	107	99
Assets
Total Assets	2,904		2,904		3,466
Corporate Other And Other Eliminations [Member]
Segment Reporting Information [Line Items]
Total Revenue	(3)	(3)	(12)	(6)
Corporate Other And Other Eliminations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	36	37	59	61
Reconciliation To Income From Continuing Operations Before Taxes
Adjusted Pretax Contribution	(75)	(55)	(150)	(62)
Assets
Total Assets	819		819		712
South American SBU
Segment Reporting Information [Line Items]
Total Revenue	880	964	1,690	1,848
South American SBU | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	880	964	1,690	1,848
Reconciliation To Income From Continuing Operations Before Taxes
Adjusted Pretax Contribution	145	$ 96	273	$ 184
Assets
Total Assets	$ 8,838		$ 8,838		$ 7,728

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022		Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Revenue	$ 3,078	$ 2,700	$ 5,930		$ 5,335
Regulated Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	794	659	1,622		1,357
Other non-606 revenue	8	12	15		21
Revenue	802	671	1,637		1,378
Non-regulated revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	2,083	1,868	3,998		3,691
Other non-606 revenue	193	161	295	[1]	266	[1]
Revenue	2,276	2,029	4,293		3,957
US and Utilities [Domain]
Disaggregation of Revenue [Line Items]
Revenue	1,197	972	2,314		1,921
US and Utilities [Domain] | Regulated Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	794	659	1,622		1,357
Other non-606 revenue	8	12	15		21
Revenue	802	671	1,637		1,378
US and Utilities [Domain] | Non-regulated revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	281	232	550		456
Other non-606 revenue	114	69	127	[1]	87	[1]
Revenue	395	301	677		543
MCAC [Member]
Disaggregation of Revenue [Line Items]
Revenue	686	490	1,252		1,025
MCAC [Member] | Regulated Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	0	0	0		0
Other non-606 revenue	0	0	0		0
Revenue	0	0	0		0
MCAC [Member] | Non-regulated revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	662	465	1,203		975
Other non-606 revenue	24	25	49	[1]	50	[1]
Revenue	686	490	1,252		1,025
Eurasia - Generation [Member]
Disaggregation of Revenue [Line Items]
Revenue	318	277	686		547
Eurasia - Generation [Member] | Regulated Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	0	0	0		0
Other non-606 revenue	0	0	0		0
Revenue	0	0	0		0
Eurasia - Generation [Member] | Non-regulated revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	266	215	575		424
Other non-606 revenue	52	62	111	[1]	123	[1]
Revenue	318	277	686		547
Corporate Other And Other Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	(3)	(3)	(12)		(6)
Corporate Other And Other Eliminations [Member] | Regulated Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	0	0	0		0
Other non-606 revenue	0	0	0		0
Revenue	0	0	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	(3)	(3)	(12)		(6)
Other non-606 revenue	0	0	0	[1]	0	[1]
Revenue	(3)	(3)	(12)		(6)
South American SBU
Disaggregation of Revenue [Line Items]
Revenue	880	964	1,690		1,848
South American SBU | Regulated Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	0	0	0		0
Other non-606 revenue	0	0	0		0
Revenue	0	0	0		0
South American SBU | Non-regulated revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	877	959	1,682		1,842
Other non-606 revenue	3	5	8	[1]	6	[1]
Revenue	$ 880	$ 964	$ 1,690		$ 1,848
[1]Other non-regulated revenue primarily includes lease and derivative revenue not accounted for under ASC 606.

Revenue Contract Balances (Deta

Revenue Contract Balances (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Aug. 31, 2021	Dec. 31, 2021	Aug. 31, 2020
Financing Receivable, after Allowance for Credit Loss	$ 46,000,000			$ 57,000,000
Financing Receivable, Allowance for Credit Loss	1,000,000			1,000,000
Contract with Customer, Liability	265,000,000			216,000,000
Contract with Customer, Liability	265,000,000			216,000,000
Contract with Customer, Liability, Revenue Recognized	32,000,000	$ 355,000,000
Mong Duong Subsidiary [Member]
Financing Receivable, after Allowance for Credit Loss	1,200,000,000			1,200,000,000
Financing Receivable, Allowance for Credit Loss	29,000,000			30,000,000
Mong Duong Subsidiary [Member] | Discontinued Operations, Held-for-sale or Disposed of by Sale [Member]
Financing Receivable, after Allowance for Credit Loss, Noncurrent	1,100,000,000			1,100,000,000
Financing Receivable, after Allowance for Credit Loss, Current	$ 95,000,000			$ 91,000,000
Angamos [Member] | Minera Escondida and Minera Spence [Member]
Contract with Customer, Liability					$ 655,000,000
Capitalized Contract Cost, Amortization			$ 55,000,000
Contract with Customer, Liability					$ 655,000,000

Revenue Remaining Performance O

Revenue Remaining Performance Obligations (Details) $ in Millions	Jun. 30, 2022 USD ($)
Remaining Performance Obligations [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 10

Other Income and Expense - Othe

Other Income and Expense - Other Income (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022		Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022		Jun. 30, 2021
Schedule of Other Nonoperating Income [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain			$ 176	$ 36			$ 212
Gain (Loss) on Disposition of Other Assets					$ (2)		(20)
Other Nonoperating Income	$ 70		183		76		226
Other Income [Member]
Schedule of Other Nonoperating Income [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain	0	[1]	176		0	[1]	212
Insurance proceeds (2)	(16)		0		(16)		0
Other income	12		5		15		10
Other Nonoperating Income	$ 70		$ 183		$ 76		$ 226
[1]Related to the remeasurement of our existing investment in 5B, accounted for using the measurement alternative. (2) Primarily related to insurance recoveries associated with property damage at TermoAndes. (3) Related to the remeasurement of our existing equity interest in sPower’s development platform as part of the step acquisition to form AES Clean Energy Development. See Note 18— Acquisitions for further information. (4) Related to a full allowance recognized on a sales-type lease receivable at AES Gilbert due to a fire incident in April 2022.

Other Income and Expense - Ot_2

Other Income and Expense - Other Expense (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022		Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022		Jun. 30, 2021
Schedule of other expense [Line Items]
Other Expenses	$ 29		$ 4		$ 41		$ 20
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain			176	$ 36			212
Gain (Loss) on Disposition of Other Assets					(2)		(20)
Other Expense [Member]
Schedule of other expense [Line Items]
Sales-type and Direct Financing Leases, Profit (Loss)	0		0		0	[1]	13
Gain (Loss) on Disposition of Assets	5		4		9		7
Other Nonoperating Expense	4		0		12		0
Other Expenses	29		4		41		20
Loss from Catastrophes	20		0		20		0
Other Income [Member]
Schedule of other expense [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain	0	[2]	176		0	[2]	212
Insured Event, Gain (Loss)	16		0		16		0
Litigation Settlement, Amount Awarded from Other Party	6		0		6		0
Asset Acquisition of a VIE, Contingent Consideration, Remeasurement Gain	3		0		3		0
Allowance for Funds Used During Construction, Capitalized Interest	2		2		5		4
Proceeds, Financing Receivable, Previously Written Off, Recovery	5		0		5		0
Other Income [Member] | Valuation, Market Approach
Schedule of other expense [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain	$ 26		$ 0		$ 26		$ 0
[1]Related to a loss recognized at commencement of a sales-type lease at AES Renewable Holdings. See Note 9— Leases for further information. (2) Primarily related to insurance recoveries associated with property damage at TermoAndes. (3) Related to the remeasurement of our existing equity interest in sPower’s development platform as part of the step acquisition to form AES Clean Energy Development. See Note 18— Acquisitions for further information. (4) Related to a full allowance recognized on a sales-type lease receivable at AES Gilbert due to a fire incident in April 2022.

Asset Impairment Expense (Detai

Asset Impairment Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Asset Impairment Expense [Line Items]
Impairment of Long-Lived Assets Held-for-use	$ 482	$ 872	$ 483	$ 1,345
Other Asset Impairment Charges	482	872	483	1,345
Other Subsidiaries [Member]
Asset Impairment Expense [Line Items]
Impairment of Long-Lived Assets Held-for-use	7	1	8	(1)
AES Puerto Rico
Asset Impairment Expense [Line Items]
Impairment of Long-Lived Assets Held-for-use	0	0	0	475
Assets Carrying Amount Disclosure Nonrecurring		73		73
AES Puerto Rico | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges				475
Mountain View Power Partners
Asset Impairment Expense [Line Items]
Impairment of Long-Lived Assets Held-for-use			67
Assets Carrying Amount Disclosure Nonrecurring	11		11
Mountain View Power Partners | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges	0	67	0	67
Angamos [Member]
Asset Impairment Expense [Line Items]
Impairment of Long-Lived Assets Held-for-use			155
Assets Carrying Amount Disclosure Nonrecurring	86		86
Angamos [Member] | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges	0	155	0	155
Ventanas [Domain]
Asset Impairment Expense [Line Items]
Impairment of Long-Lived Assets Held-for-use			649
Assets Carrying Amount Disclosure Nonrecurring	12		12
Ventanas [Domain] | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges				67
Ventanas 3 & 4 | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges	0	649	0	649
Maritza
Asset Impairment Expense [Line Items]
Impairment of Long-Lived Assets Held-for-use			475
Assets Carrying Amount Disclosure Nonrecurring	452		452
Maritza | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges	$ 475	$ 0	$ 475	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosures [Line Items]
Effective Income Tax Rate Reconciliation, Percent	12%	45%	39%	42%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21%
Income Tax Expense (Benefit)	$ (19)	$ (59)	$ 41	$ (51)
Gener Subsidiary [Member]
Income Tax Disclosures [Line Items]
Income Tax Expense (Benefit)	$ (220)
Clean Energy
Income Tax Disclosures [Line Items]
Income Tax Expense (Benefit)		$ 39		46
Fluence [Member]
Income Tax Disclosures [Line Items]
Income Tax Expense (Benefit)				$ 13

Held-for-Sale and Disposition_3

Held-for-Sale and Dispositions Dispositions (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2022	Jun. 30, 2021
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Proceeds from Divestiture of Businesses and Interests in Affiliates				$ 1	$ 58
Gain (loss) on disposal and sale of businesses interests	$ 2	$ (64)		1	$ (59)
Itabo Opco [Member]
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Disposal Group Not Discontinued Operation Ownership Interest Sold		43%			43%
Jordan (IPP1 & IPP4)
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Equity Method Investment, Ownership Percentage			10%
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Itabo Opco [Member]
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Proceeds from Divestiture of Businesses and Interests in Affiliates					$ 88
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | AES Tiete Inova Solucoes
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Proceeds from Divestiture of Businesses and Interests in Affiliates					20
Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Income (Loss) from Individually Significant Component Disposed of or Held-for-sale, Excluding Discontinued Operations, Attributable to Parent, before Income Tax	22	$ 20		52	40
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Mong Duong Subsidiary [Member]
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Income (Loss) from Individually Significant Component Disposed of or Held-for-sale, Excluding Discontinued Operations, Attributable to Parent, before Income Tax	16	15		41	30
Assets Carrying Amount Disclosure Nonrecurring			$ 552
Disposal Group Not Discontinued Operation Ownership Interest Sold			51%
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Jordan (IPP1 & IPP4)
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Income (Loss) from Individually Significant Component Disposed of or Held-for-sale, Excluding Discontinued Operations, Attributable to Parent, before Income Tax	6	5		11	10
Assets Carrying Amount Disclosure Nonrecurring	$ 203			$ 203
Proceeds from Divestiture of Businesses and Interests in Affiliates			$ 58
Disposal Group Not Discontinued Operation Ownership Interest Sold			26%
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Mong Duong Financing SPV
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Disposal Group Not Discontinued Operation Ownership Interest Sold			51%
AES Tiete Inova Solucoes | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal					(1)
Itabo Opco [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal					4
Itabo Opco [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Income (Loss) from Individually Significant Component Disposed of or Held-for-sale, Excluding Discontinued Operations, Attributable to Parent, before Income Tax		$ 1			$ 5

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2022		Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022		Jun. 30, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain			$ 176	$ 36			$ 212
Business Acquisition, Goodwill, Expected Tax Deductible Amount			46	81			46
Business Combination, Consideration Transferred, Including Equity Interest in Acquiree Held Prior to Combination				$ 7
Cajuina Wind Complex
Business Acquisition [Line Items]
Asset Acquisition, Indemnification Asset, Amount			22				22
Agua Clara
Business Acquisition [Line Items]
Asset Acquisition, Indemnification Asset, Amount			98				98
Tunica Windpower LLC
Business Acquisition [Line Items]
Asset Acquisition, Indemnification Asset, Amount			22				22
Windor Solar
Business Acquisition [Line Items]
Asset Acquisition, Indemnification Asset, Amount	$ 17				$ 17
Cubico Wind Complex
Business Acquisition [Line Items]
Asset Acquisition, Indemnification Asset, Amount			109				109
Other Income [Member]
Business Acquisition [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain	0	[1]	176		0	[1]	212
Asset Acquisition of a VIE, Contingent Consideration, Remeasurement Gain	$ 3		$ 0		3		$ 0
AIMco
Business Acquisition [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners				25%
sPower [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred				$ 104
Fluence [Member]
Business Acquisition [Line Items]
Equity Method Investment, Ownership Percentage			43.20%	50%			43.20%	34.20%
Cajuina Wind Complex
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross							$ 6
Great Cove Solar I
Business Acquisition [Line Items]
Asset Acquisition, Purchase Price							13
Asset Acquisition, Contingent Consideration, Liability			$ 6				6
Great Cove Solar II
Business Acquisition [Line Items]
Asset Acquisition, Purchase Price							24
Asset Acquisition, Contingent Consideration, Liability			$ 22				$ 22
Windor Solar
Business Acquisition [Line Items]
Asset Acquisition, Consideration Transferred, Contingent Consideration					5
Tunica Windpower LLC
Business Acquisition [Line Items]
Asset Acquisition, Consideration Transferred, Contingent Consideration					$ 7
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired			75%				75%
Business Combination, Step Acquisition, Equity Interest in Acquiree, Including Subsequent Acquisition, Percentage				25%
Windor Solar
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100%				100%
Agua Clara
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100%				100%
Tunica Windpower LLC
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100%				100%
[1]Related to the remeasurement of our existing investment in 5B, accounted for using the measurement alternative. (2) Primarily related to insurance recoveries associated with property damage at TermoAndes. (3) Related to the remeasurement of our existing equity interest in sPower’s development platform as part of the step acquisition to form AES Clean Energy Development. See Note 18— Acquisitions for further information. (4) Related to a full allowance recognized on a sales-type lease receivable at AES Gilbert due to a fire incident in April 2022.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Jan. 01, 2022	Dec. 31, 2021	Mar. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Preferred Stock , Convertible, Initial Conversion Rate							$ 31.5428
Preferred Stock, Convertible, Conversion Price	$ 31.68		$ 31.68				$ 31.70
Corporate Unit, Notional Value		$ 1,043		$ 1,043			$ 1,043
Preferred Stock, Value, Issued	$ 838	838	$ 838	838		$ 838
Preferred Stock, Convertible, Current Conversion Rate	$ 31.5649		$ 31.5649
BASIC EARNINGS (LOSS) PER SHARE
Income from continuing operations attributable to The AES Corporation common stockholders (Income)	$ (179)	$ 24	$ (64)	$ (124)
Income from continuing operations attributable to The AES Corporation common stockholders (Shares)	668,000	666,000	668,000	666,000
Income from continuing operations attributable to The AES Corporation common stockholders (Per Share)	$ (0.27)	$ 0.03	$ (0.10)	$ (0.19)
DILUTED EARNINGS PER SHARE:
Income from continuing operations, diluted	$ (179)	$ 24	$ (64)	$ (124)
Weighted average number of shares outstanding, diluted	668,000	671,000	668,000	666,000
Income from continuing operations, per diluted share	$ (0.27)	$ 0.03	$ (0.10)	$ (0.19)
Accounting Standards Update 2020-06
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Preferred Stock, Value, Issued					$ 13
Share-based Payment Arrangement, Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units	$ 0	$ 0	$ 0	$ 0
Dilutive Securities Effect On Basic EPS, dilutive Stock Options, per diluted share	$ 0	$ 0	$ 0	$ 0
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	1,000	0	0
EFFECT OF DILUTIVE SECURITIES
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units	$ 0	$ 0	$ 0	$ 0
Dilutive Securities Effect On Basic EPS, dilutive Stock Options, per diluted share	$ 0	$ 0	$ 0	$ 0
Restricted stock units (Shares)	0	1,000	0	0
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units	$ 0	$ 0	$ 0	$ 0
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	3,000	0	0
Dilutive Securities Effect On Basic EPS, dilutive Restricted Stock Units, per diluted share	$ 0	$ 0	$ 0	$ 0
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)	0	3,000	0	0
Dilutive Securities Effect On Basic EPS, dilutive Restricted Stock Units, per diluted share	$ 0	$ 0	$ 0	$ 0
Equity Unit Purchase Agreements
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements	0	1,000	0	0
Dilutive Securities Effect on Basic EPS, dilutive Equity Unit Purchase Agreements, per diluted share	$ 0	$ 0	$ 0	$ 0
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities	$ 0	$ 0	$ 0	$ 0
EFFECT OF DILUTIVE SECURITIES
Dilutive Securities Effect on Basic EPS, dilutive Equity Unit Purchase Agreements, per diluted share	$ 0	$ 0	$ 0	$ 0
Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements	0	1,000	0	0
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities	$ 0	$ 0	$ 0	$ 0
Share-based Payment Arrangement [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,000	1,000	4,000	6,000
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,000		2,000	4,000
Restricted Stock Units (RSUs) [Member] | Accounting Standards Update 2020-06
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		1,000		1,000
Equity Unit Purchase Agreements
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	40,000		40,000
Equity Unit Purchase Agreements | Weighted Average [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	40,000		40,000

Risks and Uncertainties (Detail

Risks and Uncertainties (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Jun. 30, 2022
Mountain View Power Partners
Unusual Risk or Uncertainty [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		$ 11
Alto Maipo [Member]
Unusual Risk or Uncertainty [Line Items]
Deconsolidation, Revaluation of Retained Investment, Gain (Loss), Amount	$ 1,200

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Dec. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Jan. 31, 2022	Nov. 01, 2021	Mar. 31, 2021	Mar. 04, 2021	Feb. 05, 2021
Subsequent Event [Line Items]
Proceeds from Divestiture of Businesses and Interests in Affiliates		$ 1	$ 58
Equity Unit, Shares Issued							10,430,500
Shares Issued, Price Per Share				$ 25.86				$ 25.88
AES Brasil [Domain]
Subsequent Event [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent					45.70%				36.30%
Guacolda [Member]
Subsequent Event [Line Items]
Equity Method Investment, Ownership Percentage			50%
Fluence [Member]
Subsequent Event [Line Items]
Equity Method Investment, Ownership Percentage	34.20%		43.20%				50%
Proceeds from Divestiture of Businesses	$ 936
Shares Issued, Price Per Share						$ 28
AES Brasil [Domain]
Subsequent Event [Line Items]
Equity Method Investment, Ownership Percentage			100%