The AES Corporation (AES) 10-Q 31 Oct 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - $ / shares	9 Months Ended
	Sep. 30, 2024	Oct. 29, 2024	Dec. 31, 2023
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	Sep. 30, 2024
Entity File Number	1-12291
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Trading Symbol	AES
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		711,027,043
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01	$ 0.01
Entity Listing, Description	NYSE
Entity Address, Postal Zip Code	22203
Entity Address, City or Town	Arlington,
Entity Address, State or Province	VA
Local Phone Number	522-1315
Title of 12(b) Security	Common Stock, par value $0.01 per share
Document Transition Report	false
Document Quarterly Report	true

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 1,919,000,000	$ 1,426,000,000
Restricted cash	563,000,000	370,000,000
Short-term investments	62,000,000	395,000,000
Accounts receivable, net of allowance of $32 and $15, respectively	1,868,000,000	1,420,000,000
Inventory	646,000,000	712,000,000
Prepaid expenses	134,000,000	177,000,000
Other current assets, net of allowance of $0 and $14, respectively	1,460,000,000	1,387,000,000
Current held-for-sale assets	3,874,000,000	762,000,000
Total current assets	10,526,000,000	6,649,000,000
Property, Plant and Equipment:
Property, plant and equipment, net of accumulated depreciation of $8,505 and $8,602, respectively	32,354,000,000	29,958,000,000
Other Assets:
Investments in and advances to affiliates	1,162,000,000	941,000,000
Debt service reserves and other deposits	77,000,000	194,000,000
Goodwill	348,000,000	348,000,000
Other intangible assets, net of accumulated amortization of $426 and $498, respectively	1,928,000,000	2,243,000,000
Deferred income taxes	421,000,000	396,000,000
Other noncurrent assets, net of allowance of $11 and $9, respectively	2,593,000,000	3,259,000,000
Noncurrent assets of held-for-sale businesses	670,000,000	811,000,000
Total other assets	7,199,000,000	8,192,000,000
TOTAL ASSETS	50,079,000,000	44,799,000,000
CURRENT LIABILITIES
Accounts payable	1,965,000,000	2,199,000,000
Accrued interest	328,000,000	315,000,000
Accrued non-income taxes	257,000,000	278,000,000
Supplier Finance Program, Obligation	698,000,000	974,000,000
Accrued and other liabilities	1,182,000,000	1,334,000,000
Current held-for-sale liabilities	2,999,000,000	499,000,000
Total current liabilities	12,375,000,000	9,731,000,000
NONCURRENT LIABILITIES
Deferred income taxes	1,696,000,000	1,245,000,000
Other noncurrent liabilities	2,501,000,000	3,114,000,000
Noncurrent held-for-sale liabilities	457,000,000	514,000,000
Total noncurrent liabilities	29,160,000,000	27,619,000,000
Redeemable Noncontrolling Interest, Equity, Carrying Amount	905,000,000	1,464,000,000
THE AES CORPORATION STOCKHOLDERS’ EQUITY
Preferred Stock, Value, Issued	0	838,000,000
Common Stock, Value, Issued	9,000,000	8,000,000
Additional paid-in capital	6,949,000,000	6,355,000,000
Accumulated deficit	(267,000,000)	(1,386,000,000)
Accumulated other comprehensive loss	(1,595,000,000)	(1,514,000,000)
Treasury Stock, Value	(1,806,000,000)	(1,813,000,000)
Total AES Corporation stockholders’ equity	3,290,000,000	2,488,000,000
NONCONTROLLING INTERESTS	4,349,000,000	3,497,000,000
Total equity	7,639,000,000	5,985,000,000
TOTAL LIABILITIES AND EQUITY	$ 50,079,000,000	$ 44,799,000,000
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Preferred Stock, Shares Issued	1,043,050	1,043,050
Common stock, shares authorized (in shares)	1,200,000,000	1,200,000,000
Common stock, shares outstanding (in shares)	711,027,043	669,693,234
Common stock, shares issued (in shares)	859,709,987	819,051,591
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Treasury Stock, Common, Shares	148,682,944	149,358,357
Recourse
CURRENT LIABILITIES
Short-Term Debt	$ 1,709,000,000	$ 200,000,000
NONCURRENT LIABILITIES
Long-Term Debt	4,840,000,000	4,264,000,000
Nonrecourse [Member]
CURRENT LIABILITIES
Short-Term Debt	3,237,000,000	3,932,000,000
NONCURRENT LIABILITIES
Long-Term Debt	19,666,000,000	18,482,000,000
Nonrecourse [Member] | Consolidated Variable Interest Entities [Member]
CURRENT LIABILITIES
Short-Term Debt	416,000,000	1,080,000,000
NONCURRENT LIABILITIES
Long-Term Debt	$ 1,947,000,000	$ 1,715,000,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Statement of Financial Position [Abstract]
Accounts Receivable, Allowance for Credit Loss, Current	$ 32	$ 15
Allowance for Credit Loss, Receivable, Other, Current	0		$ 14
Accumulated depreciation	(8,505)	(8,602)
Other intangible assets, net of accumulated amortization of $426 and $498, respectively	426	498
Other Noncurrent Assets, Allowance	$ 11	$ 9
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	1,043,050
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	859,709,987	819,051,591
Common stock, shares outstanding (in shares)	711,027,043	669,693,234

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Total Revenue	$ 3,289	$ 3,434	$ 9,316	$ 9,700
Cost of Goods and Services Sold	(2,567)	(2,516)	(7,422)	(7,690)
Operating margin	722	918	1,894	2,010
General and administrative expenses	(57)	(64)	(198)	(191)
Interest expense	(379)	(326)	(1,125)	(966)
Interest income	119	144	312	398
Loss on extinguishment of debt	(1)	0	(11)	(1)
Other expense	(31)	(12)	(153)	(38)
Other income	64	12	120	36
Gain (loss) on disposal and sale of business interests	(1)	0	43	(4)
Asset impairment expense	(79)	(158)	(355)	(352)
Foreign currency transaction gains (losses)	(28)	(100)	2	(209)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES	329	414	529	683
Income tax expense	(103)	(109)	(52)	(179)
Net equity in losses of affiliates	(9)	(14)	(21)	(43)
Income Tax Expense (Benefit), Continuing Operations, Discontinued Operations	217	291	456	461
NET INCOME	210	291	449	461
Less: Net loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries	292	(60)	670	(118)
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION	502	231	1,119	343
Income from continuing operations, net of tax	509	231	1,126	343
Loss from disposal of discontinued businesses	$ (7)	$ 0	$ (7)	$ 0
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax	$ 0.72	$ 0.34	$ 1.60	$ 0.51
Loss from discontinued operations attributable to The AES Corporation common stockholders, net of tax	(0.01)	0	(0.01)	0
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax	0.72	0.32	1.58	0.48
Loss from discontinued operations attributable to The AES Corporation common stockholders, net of tax	(0.01)	0	(0.01)	0
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS	0.71	0.34	1.59	0.51
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS	$ 0.71	$ 0.32	$ 1.57	$ 0.48
Weighted Average Number of Shares Outstanding, Diluted, Total	713	712	713	712
BASIC EARNINGS PER SHARE:
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS	$ 0.71	$ 0.34	$ 1.59	$ 0.51
DILUTED EARNINGS PER SHARE:
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS	$ 0.71	$ 0.32	$ 1.57	$ 0.48
Weighted Average Number of Shares Outstanding, Diluted, Total	713	712	713	712
Electric Transmission [Member]
Total Revenue	$ 937	$ 863	$ 2,662	$ 2,649
Cost of Goods and Services Sold	(773)	(703)	(2,224)	(2,298)
Electricity, Generation [Member]
Total Revenue	2,352	2,571	6,654	7,051
Cost of Goods and Services Sold	$ (1,794)	$ (1,813)	$ (5,198)	$ (5,392)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
NET INCOME	$ 210	$ 291	$ 449	$ 461
Foreign currency translation activity:
Foreign currency translation adjustments, net of income tax benefit of $9, $0, $9, and $0, respectively	36	(44)	(128)	75
Total foreign currency translation adjustments	36	(44)	(128)	75
Derivative activity:
Change in fair value of derivatives, net of income tax benefit (expense) of $65, $(73), $(1), and $(78), respectively	(262)	274	30	276
Reclassification to earnings, net of income tax benefit (expense) of $0, $0, $(7), and $11, respectively	(3)	(1)	18	(49)
Total change in fair value of derivatives	(265)	273	48	227
Pension activity:
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax	0	0	(1)	(1)
Total pension adjustments	0	0	(1)	(1)
Accumulated Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax	0	0	3	0
OTHER COMPREHENSIVE INCOME (LOSS)	(229)	229	(76)	303
COMPREHENSIVE INCOME (LOSS)	(19)	520	373	764
Less: Comprehensive loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries	335	(109)	665	(168)
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE AES CORPORATION	$ 316	$ 411	$ 1,038	$ 596

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
OCI, Foreign Currency Transaction and Translation Gain (Loss), Arising During Period, Tax	$ (9)	$ 0	$ (9)	$ 0
Change in fair value of derivatives, net of income tax benefit (expense) of $65, $(73), $(1), and $(78), respectively	65	(73)	(1)	(78)
Reclassification to earnings, net of income tax benefit (expense) of $0, $0, $(7), and $11, respectively	$ 0	0	$ (7)	$ 11
Change in pension adjustments due to net actuarial gain (loss) for the period, income tax (expense) benefit		$ 0
Accumulated Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax	0	0	0	0

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
OPERATING ACTIVITIES:
Net income	$ 449	$ 461
Adjustments to net income:
Depreciation and amortization	926	836
Gain (loss) on disposal and sale of business interests	(43)	4
Impairment expense	355	358
Deferred income tax expense (benefit), net of tax credit transfers	423	(102)
Emissions Allowance Expense	144	211
Loss on realized/unrealized foreign currency	92	184
Other	81	118
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	(576)	16
(Increase) decrease in inventory	58	253
(Increase) decrease in prepaid expenses and other current assets	120	76
(Increase) decrease in other assets	177	(4)
Increase (decrease) in accounts payable and other current liabilities	34	(187)
Increase (decrease) in income tax payables, net and other tax payables	(514)	(67)
Increase (decrease) in other liabilities	132	73
Net cash provided by operating activities	1,664	2,309
INVESTING ACTIVITIES:
Capital expenditures	(5,665)	(5,295)
Payments to Acquire Businesses and Interest in Affiliates	79	311
Proceeds from Divestiture of Businesses and Interests in Affiliates	11	98
Sale of short-term investments	731	1,002
Purchase of short-term investments	(725)	(764)
Contributions and loans to equity affiliates	(71)	(147)
Payments to Acquire Intangible Assets	(157)	(161)
Other investing	(134)	(95)
Net cash used in investing activities	(6,089)	(5,673)
FINANCING ACTIVITIES:
Borrowings under the revolving credit facilities	5,652	3,939
Repayments under the revolving credit facilities	(4,051)	(2,730)
Proceeds from (Repayments of) Commercial Paper	611	604
Issuance of recourse debt	950	1,400
Issuance of non-recourse debt	5,199	1,784
Repayments of non-recourse debt	(3,311)	(1,262)
Payments for financing fees	(88)	(76)
Purchases under supplier financing arrangements	(1,211)	(1,307)
Repayments of obligations under supplier financing arrangements	1,412	1,099
Distributions to noncontrolling interests	(165)	(173)
Contributions from noncontrolling interests	137	63
Sales to Noncontrolling Interests	869	371
Dividends paid on AES common stock	(361)	(333)
Payments for financed capital expenditures	(29)	(8)
Other financing	(25)	(47)
Net cash provided by financing activities	5,187	3,740
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(47)	(108)
Net Cash Change Of Discontinued And Held For Sale Businesses	(146)	(20)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	569	248
Cash, cash equivalents and restricted cash, beginning	1,990	2,087
Cash, cash equivalents and restricted cash, ending	2,559	2,335
SUPPLEMENTAL DISCLOSURES:
Cash payments for interest, net of amounts capitalized	1,103	735
Cash payments for income taxes, net of refunds	270	267
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Noncash or Part Noncash Divestiture, Amount of Consideration Received	14	215
Lease Obligation Incurred	240	187
Conversion of Stock, Amount Converted	838	0
Liability derecognized due to sale of assets	273
Non-cash contributions from noncontrolling interests	213	60
Other current assets, net of allowance of $0 and $14, respectively	1,460
Loss (gain) on realized/unrealized derivatives	(194)	$ 79
Warrior Run
SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Liability derecognized due to sale of assets	$ 260

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Equity Statement - USD ($) $ in Millions		Total		Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]		Preferred Stock	Treasury Stock, Common
Beginning Balance (Shares) at Dec. 31, 2022				818,800,000						1,000,000	150,000,000
Beginning Balance at Dec. 31, 2022				$ 8	$ 6,688	$ (1,635)	$ (1,640)	$ 2,067	[1]	$ 838	$ (1,822)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					0	151	0	52	[1]
Total foreign currency translation adjustment, net of income tax					0	0	33	7	[1]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax					0	0	(135)	1	[1]
Total pension adjustments, net of income tax					0	0	0	1	[1]
OTHER COMPREHENSIVE INCOME (LOSS)							(102)	9	[1]
Distributions to noncontrolling interests					0	0	0	(37)	[1]
Acquisition of subsidiary shares from noncontrolling interests					(1)	0	0	1	[1]
Contributions from noncontrolling interests					0	0	0	2	[1]
Sales to noncontrolling interests					(7)	0	0	3	[1]
Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings					(111)	0	0	0	[1]
Issuance and exercise of stock-based compensation benefit plans (Shares)				0							(500,000)
Issuance and exercise of stock-based compensation benefit plans, net of income tax				$ 0	(12)	0	0	0	[1]		$ (7)
Ending Balance (Shares) at Mar. 31, 2023				818,800,000						1,000,000	149,500,000
Ending Balance at Mar. 31, 2023				$ 8	6,557	(1,484)	(1,742)	2,101	[1]	$ 838	$ (1,815)
Beginning Balance (Shares) at Dec. 31, 2022				818,800,000						1,000,000	150,000,000
Beginning Balance at Dec. 31, 2022				$ 8	6,688	(1,635)	(1,640)	2,067	[1]	$ 838	$ (1,822)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		$ 461
Total foreign currency translation adjustment, net of income tax		75
Total pension adjustments, net of income tax		(1)
OTHER COMPREHENSIVE INCOME (LOSS)		303
Contributions from noncontrolling interests		$ 63
Ending Balance (Shares) at Sep. 30, 2023				819,100,000						1,000,000	149,400,000
Ending Balance at Sep. 30, 2023				$ 8	6,449	(1,292)	(1,410)	2,477	[1]	$ 838	$ (1,814)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred Stock, Shares Issued										0
Preferred Stock, Value, Issued										$ 0
Proceeds from Issuance of Convertible Preferred Stock					0	0	0	4	[1]
Beginning Balance (Shares) at Mar. 31, 2023				818,800,000						1,000,000	149,500,000
Beginning Balance at Mar. 31, 2023				$ 8	6,557	(1,484)	(1,742)	2,101	[1]	$ 838	$ (1,815)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					0	(39)	0	42	[1]
Total foreign currency translation adjustment, net of income tax					0	0	74	4	[1]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax					0	0	101	0	[1]
OTHER COMPREHENSIVE INCOME (LOSS)							175	4	[1]
Distributions to noncontrolling interests					0	0	0	(90)	[1]
Sales to noncontrolling interests					(17)	0	0	209	[1]
Issuance and exercise of stock-based compensation benefit plans (Shares)				0							(100,000)
Issuance and exercise of stock-based compensation benefit plans, net of income tax				$ 0	(10)	0	0	0	[1]		$ (1)
Common Stock, Dividends, Per Share, Declared		$ 0.1659
Ending Balance (Shares) at Jun. 30, 2023				818,800,000						1,000,000	149,400,000
Ending Balance at Jun. 30, 2023				$ 8	6,550	(1,523)	(1,567)	2,266	[1]	$ 838	$ (1,814)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		$ 291			0	231	0	68	[1]
Total foreign currency translation adjustment, net of income tax		(44)			0	0	(36)	(7)	[1]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax					0	0	216	(3)	[1]
Total pension adjustments, net of income tax		0
OTHER COMPREHENSIVE INCOME (LOSS)		$ 229					180	(10)	[1]
Distributions to noncontrolling interests					0	0	0	(7)	[1]
Acquisition of subsidiary shares from noncontrolling interests					25	0	0	(46)	[1]
Sales to noncontrolling interests					(21)	0	(23)	206	[1]
Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings					(111)	0	0	0	[1]
Issuance and exercise of stock-based compensation benefit plans (Shares)				300,000							0
Issuance and exercise of stock-based compensation benefit plans, net of income tax				$ 0	(6)	0	0	0	[1]		$ 0
Common Stock, Dividends, Per Share, Declared		$ 0.1659
Ending Balance (Shares) at Sep. 30, 2023				819,100,000						1,000,000	149,400,000
Ending Balance at Sep. 30, 2023				$ 8	6,449	(1,292)	(1,410)	2,477	[1]	$ 838	$ (1,814)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred Stock, Shares Issued		1,043,050
Preferred Stock, Value, Issued		$ 838
Stockholders' Equity Attributable to Parent		$ 2,488
Preferred Stock, Shares Issued		1,043,050
Preferred Stock, Value, Issued		$ 838
Treasury Stock, Value		(1,813)
Stockholders' Equity Attributable to Parent		(1,386)
Beginning Balance (Shares) at Dec. 31, 2023				819,100,000						1,000,000	149,400,000
Beginning Balance at Dec. 31, 2023		5,985		$ 8	6,355	(1,386)	(1,514)	3,497	[1]	$ 838	$ (1,813)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					0	432	0	(65)	[1]
Total foreign currency translation adjustment, net of income tax					0	0	(38)	(4)	[1]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax					0	0	135	27	[1]
OTHER COMPREHENSIVE INCOME (LOSS)							100	23	[1]
Fair Value Adjustment	[2]	0	[1]		(6)
Disposition of business interests	[1]							111
Distributions to noncontrolling interests					0	0	0	(13)	[1]
Sales to noncontrolling interests					1	0	0	48	[1]
Stock Issued During Period, Shares, Conversion of Units				40,500,000						(1,000,000)
Stock Issued During Period, Value, Conversion of Units				$ 1						$ (838)
Conversion of Stock, Amount Issued					838
Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings					(116)	0	0	0	[1]
Issuance and exercise of stock-based compensation benefit plans, net of income tax				$ 0	(7)	0	0	0	[1]		$ (7)
Stock Repurchased During Period, Shares											100,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period				0							(600,000)
Ending Balance (Shares) at Mar. 31, 2024				859,600,000						0	148,900,000
Ending Balance at Mar. 31, 2024				$ 9	7,068	(954)	(1,414)	3,380	[1]	$ 0	$ (1,809)
Beginning Balance (Shares) at Dec. 31, 2023				819,100,000						1,000,000	149,400,000
Beginning Balance at Dec. 31, 2023		5,985		$ 8	6,355	(1,386)	(1,514)	3,497	[1]	$ 838	$ (1,813)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		449
Total foreign currency translation adjustment, net of income tax		(128)
Total pension adjustments, net of income tax		(1)
OTHER COMPREHENSIVE INCOME (LOSS)		(76)
Contributions from noncontrolling interests		137
Sales to noncontrolling interests		172
Ending Balance (Shares) at Sep. 30, 2024				859,700,000						0	148,700,000
Ending Balance at Sep. 30, 2024		$ 7,639		$ 9	6,949	(267)	(1,595)	4,349	[1]	$ 0	$ (1,806)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax							3
Other Ownership Interests, Contributed Capital					0	0	0	1	[1]
Treasury Stock, Value					3						$ 3
Beginning Balance (Shares) at Mar. 31, 2024				859,600,000						0	148,900,000
Beginning Balance at Mar. 31, 2024				$ 9	7,068	(954)	(1,414)	3,380	[1]	$ 0	$ (1,809)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					0	185	0	(214)	[1]
Total foreign currency translation adjustment, net of income tax					0	0	(87)	(33)	[1]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax					0	0	92	(15)	[1]
Total pension adjustments, net of income tax					0	0	0	1	[1]
OTHER COMPREHENSIVE INCOME (LOSS)							5	(47)	[1]
Fair Value Adjustment	[2]				6	0	0	0	[1]
Reclassifications of Temporary to Permanent Equity	[1],[3]							670
Distributions to noncontrolling interests					0	0	0	(94)	[1]
Contributions from noncontrolling interests					0	0	0	51	[1]
Sales to noncontrolling interests					(9)	0	0	192	[1]
Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings					(7)	0	0	0	[1]
Issuance and exercise of stock-based compensation benefit plans, net of income tax				$ 0	(9)	0	0	0	[1]		$ (2)
Common Stock, Dividends, Per Share, Declared		$ 0.1725
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period				0							(100,000)
Ending Balance (Shares) at Jun. 30, 2024				859,600,000						0	148,800,000
Ending Balance at Jun. 30, 2024				$ 9	7,067	(769)	(1,409)	3,938	[1]	$ 0	$ (1,807)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		$ 210			0	502	0	(308)	[1]
Total foreign currency translation adjustment, net of income tax		36			0	0	23	13	[1]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax					0	0	(209)	(56)	[1]
Total pension adjustments, net of income tax		0
OTHER COMPREHENSIVE INCOME (LOSS)		$ (229)			0	0	(186)	(43)	[1]
Reclassifications of Temporary to Permanent Equity	[1],[3]							62
Distributions to noncontrolling interests					0	0	0	(20)	[1]
Acquisition of subsidiary shares from noncontrolling interests					2	0	0	(2)	[1]
Contributions from noncontrolling interests					0	0	0	233	[1]
Sales to noncontrolling interests					(7)	0	0	489	[1]
Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings					(123)	0	0	0	[1]
Issuance and exercise of stock-based compensation benefit plans, net of income tax				$ 0	(10)	0	0	0	[1]		$ (1)
Common Stock, Dividends, Per Share, Declared		$ 0.1725
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period				100,000							(100,000)
Ending Balance (Shares) at Sep. 30, 2024				859,700,000						0	148,700,000
Ending Balance at Sep. 30, 2024		$ 7,639		$ 9	$ 6,949	$ (267)	$ (1,595)	$ 4,349	[1]	$ 0	$ (1,806)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent		$ 3,290
Preferred Stock, Shares Issued		1,043,050
Preferred Stock, Value, Issued		$ 0
Treasury Stock, Value		(1,806)
Stockholders' Equity Attributable to Parent		$ (267)
[1]Excludes redeemable stock of subsidiaries. See Note 11— Redeemable Stock of Subsidiaries . Adjustment to record the redeemable stock of a tax equity partnership at AES Clean Energy Development at redemption value. Redeemable stock of subsidiaries to Noncontrolling interests . See Note 11— Redeemable Stock of Subsidiaries .

Inventory

Inventory	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
INVENTORY	INVENTORY The following table summarizes the Company’s inventory balances as of the dates indicated (in millions): September 30, 2024 December 31, 2023 Fuel and other raw materials $ 320 $ 424 Spare parts and supplies 326 288 Total $ 646 $ 712

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2024
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 2023 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: September 30, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets DEBT SECURITIES: Available-for-sale: Certificates of deposit (1) $ — $ 295 $ — $ 295 $ — $ 360 $ — $ 360 Government debt securities — 3 — 3 — — — — Total debt securities — 298 — 298 — 360 — 360 EQUITY SECURITIES: Mutual funds 52 — — 52 46 — — 46 Common stock 4 — — 4 — — — — Total equity securities 56 — — 56 46 — — 46 DERIVATIVES: Interest rate derivatives — 131 — 131 — 182 2 184 Cross-currency derivatives — 10 — 10 — — — — Foreign currency derivatives — 34 56 90 — 15 59 74 Commodity derivatives — 525 3 528 — 127 1 128 Total derivatives — assets (2) — 700 59 759 — 324 62 386 TOTAL ASSETS $ 56 $ 998 $ 59 $ 1,113 $ 46 $ 684 $ 62 $ 792 Liabilities Contingent consideration $ — $ — $ 163 $ 163 $ — $ — $ 165 $ 165 DERIVATIVES: Interest rate derivatives — 164 4 168 — 102 6 108 Cross-currency derivatives — 11 — 11 — 63 — 63 Foreign currency derivatives — 17 — 17 — 19 — 19 Commodity derivatives — 399 76 475 — 145 111 256 Total derivatives — liabilities (2) — 591 80 671 — 329 117 446 TOTAL LIABILITIES $ — $ 591 $ 243 $ 834 $ — $ 329 $ 282 $ 611 _____________________________ (1) Includes $292 million reported in Current held-for-sale assets on the Condensed Consolidated Balance Sheets related to AES Brasil as of September 30, 2024. (2) Includes $234 million of derivative assets reported in Current held-for-sale assets and $236 million of derivative liabilities reported in Current held-for-sale liabilities on the Condensed Consolidated Balance Sheets related to AES Brasil as of September 30, 2024. As of September 30, 2024, 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 nine months ended September 30, 2024. The level 3 contingent consideration relates mainly to the acquisition of Bellefield in June 2023. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Gross proceeds from sale of available-for-sale securities $ 189 $ 308 $ 683 $ 1,047 The following tables present a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2024 and 2023 (derivative balances are presented net), 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. Derivative Assets and Liabilities Three Months Ended September 30, 2024 Interest Rate Foreign Currency Commodity Contingent Consideration Total Balance at July 1, 2024 $ (2) $ 60 $ (71) $ (162) $ (175) Total realized and unrealized gains (losses): Included in earnings — 5 — (8) (3) Included in other comprehensive income (loss) — derivative activity (2) 1 (1) — (2) Settlements — (10) (1) 7 (4) Balance at September 30, 2024 $ (4) $ 56 $ (73) $ (163) $ (184) 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 $ — $ (3) $ — $ — $ (3) Derivative Assets and Liabilities Three Months Ended September 30, 2023 Interest Rate Foreign Currency Commodity Contingent Consideration Total Balance at July 1, 2023 $ (1) $ 63 $ (78) $ (274) $ (290) Total realized and unrealized gains (losses): Included in earnings — (6) (3) (1) (10) Included in other comprehensive income (loss) — derivative activity 5 (2) 7 — 10 Acquisitions — — — 3 3 Settlements — (9) (2) 5 (6) Transfers of assets, net out of Level 3 (4) — — — (4) Balance at September 30, 2023 $ — $ 46 $ (76) $ (267) $ (297) 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 $ — $ (13) $ (3) $ (1) $ (17) Derivative Assets and Liabilities Nine Months Ended September 30, 2024 Interest Rate Foreign Currency Commodity Contingent Consideration Total Balance at January 1, 2024 $ (4) $ 59 $ (110) $ (165) $ (220) Total realized and unrealized gains (losses): Included in earnings — 19 4 (3) 20 Included in other comprehensive income (loss) — derivative activity — 6 31 — 37 Included in regulatory (assets) liabilities — — 5 — 5 Acquisitions — — — (14) (14) Settlements — (28) (3) 19 (12) Balance at September 30, 2024 $ (4) $ 56 $ (73) $ (163) $ (184) 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) $ 6 $ — $ 3 Derivative Assets and Liabilities Nine Months Ended September 30, 2023 Interest Rate Foreign Currency Commodity Contingent Consideration Total Balance at January 1, 2023 $ — $ 64 $ (47) $ (48) $ (31) Total realized and unrealized gains (losses): Included in earnings — — (3) (9) (12) Included in other comprehensive income (loss) — derivative activity 2 — (20) — (18) Included in regulatory (assets) liabilities — — (2) — (2) Acquisitions — — — (215) (215) Settlements — (18) (5) 5 (18) Transfers of (assets) liabilities, net out of Level 3 (2) — 1 — (1) Balance at September 30, 2023 $ — $ 46 $ (76) $ (267) $ (297) 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 $ — $ (14) $ (4) $ (9) $ (27) The following table summarizes the significant unobservable inputs used for Level 3 derivative assets (liabilities) as of September 30, 2024 (in millions, except range amounts): Type of Derivative Fair Value Unobservable Input Amount or Range (Average) Interest rate $ (4) Subsidiary credit spread 0.8% to 3.2% (2.3%) Foreign currency: Argentine peso 56 Argentine peso to U.S. dollar currency exchange rate after one year 1,254 to 1,456 (1,351) Commodity: CAISO energy swap (75) Forward energy prices per MWh after 2030 $11.85 to $132.09 ($65.40) Other 2 Total $ (21) For the Argentine peso foreign currency derivatives, increases in the estimate of the above exchange rate would increase the value of the derivative. For the CAISO energy swap, increases in the estimate above would decrease the value of the derivative. Contingent consideration is primarily related to future milestone payments associated with acquisitions of renewables development projects. The estimated fair value of contingent consideration is determined using probability-weighted discounted cash flows based on internal forecasts, which are considered Level 3 inputs. Changes in Level 3 inputs, particularly changes in the probability of achieving development milestones, could result in material changes to the fair value of the contingent consideration and could materially impact the amount of expense or income recorded each reporting period. Contingent consideration is updated quarterly with any prospective changes in fair value recorded through earnings. 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 on the Condensed Consolidated Statements of Operations. The following table summarizes our major categories of asset groups 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 Nine Months Ended September 30, 2024 Level 1 Level 2 Level 3 Held-for-sale businesses: (2) Mong Duong 3/31/2024 $ 450 $ — $ 413 $ — $ 37 AES Brasil (3) 5/15/2024 1,556 — 1,352 — 217 Mong Duong (5) 6/30/2024 390 — 389 — 6 AES Brasil (4) 9/30/2024 1,351 — 1,313 — 60 Mong Duong (5) 9/30/2024 407 — 400 — 11 Measurement Date Carrying Amount (1) Fair Value Nine Months Ended September 30, 2023 Level 1 Level 2 Level 3 Pre-tax Loss Long-lived asset groups held and used: Norgener (6) 5/1/2023 $ 196 $ — $ — $ 24 $ 137 GAF Projects (AES Renewable Holdings) 5/31/2023 29 — — 11 18 TEG 7/31/2023 170 — — 93 77 TEP 7/31/2023 153 — — 94 59 Held-for-sale businesses: (2) Jordan (7) 3/31/2023 $ 179 $ — $ 170 $ — $ 14 Jordan (7) 6/30/2023 179 — 170 — 15 Jordan (7) 9/30/2023 178 — 170 — 14 _____________________________ (1) Represents the carrying values of the asset groups at the dates of measurement, before fair value adjustment. (2) See Note 18— Held-for-Sale and Dispositions for further information. (3) The pre-tax loss recognized was calculated using the fair value of the AES Brasil disposal group less costs to sell of $13 million. For purposes of the impairment analysis, the Company used the carrying value of the disposal group as of April 30, 2024. A subsequent impairment analysis was performed as of June 30, 2024 and no additional impairment was identified. (4) The pre-tax loss recognized was calculated using the fair value of the AES Brasil disposal group less costs to sell of $22 million. (5) The pre-tax loss recognized was calculated using the fair value of the Mong Duong disposal group less costs to sell of $5 million for both the June 30, 2024 and September 30, 2024 measurement dates. (6) The Norgener asset group includes long-lived assets, inventory, land, and other working capital, however per ASC 360-10, the pre-tax impairment expense is limited to the carrying amount of the long-lived assets. See Note 16— Asset Impairment Expense for further information. The Company evaluated the carrying amount of the assets outside the scope of ASC 360-10 and determined that the carrying value of the other assets should not be reduced. (7) The pre-tax loss recognized was calculated using the fair value of the Jordan disposal group less costs to sell of $5 million, $6 million, and $6 million for the March 31, 2023, June 30, 2023, and September 30, 2023 measurement dates, respectively. 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 nine months ended September 30, 2023 (in millions, except range amounts): Nine Months Ended September 30, 2023 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Long-lived asset groups held and used: TEP $ 94 Discounted cash flow Annual revenue growth (31)% to 6% (-2%) Annual variable margin 22% to 37% (26%) Discount rate 14% to 25% (14%) TEG 93 Discounted cash flow Annual revenue growth (7)% to 9% (0%) Annual variable margin 14% to 33% (20%) Discount rate 14% to 25% (14%) Norgener (1) 24 Discounted cash flow Annual revenue growth (90)% to 994% (85%) Annual variable margin (75)% to 276% (16%) GAF Projects (AES Renewable Holdings) 11 Discounted cash flow Annual revenue growth (42)% to 44% (1%) Discount rate 9% Total $ 222 _____________________________ (1) The fair value of the Norgener asset group is mainly related to existing coal inventory not subject to impairment under ASC 360-10. 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: September 30, 2024 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 Assets: Accounts receivable — noncurrent (1) $ 97 $ 166 $ — $ — $ 166 Liabilities: Non-recourse debt 22,483 23,150 — 20,919 2,231 Recourse debt 6,549 6,459 — 6,459 — December 31, 2023 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 Assets: Accounts receivable — noncurrent (1) $ 193 $ 239 $ — $ — $ 239 Liabilities: Non-recourse debt 22,144 22,174 — 20,676 1,498 Recourse debt 4,464 4,210 — 4,210 — _____________________________ (1) These amounts primarily relate to the sale of the Redondo Beach land, the amounts impacted by the Stabilization Funds enacted by the Chilean government, and for December 31, 2023 only, the receivables under the Warrior Run PPA termination agreement. These are included in Other noncurrent assets in the accompanying Condensed Consolidated Balance Sheets. See Note 5— Financing Receivables for further information.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2024
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 — Derivatives and Hedging Activities of Item 8.— Financial Statements and Supplementary Data in the 2023 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 September 30, 2024, 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 $ 10,010 2059 Cross-currency swaps (Brazilian real) 404 2026 Foreign currency: Brazilian real 392 2026 Chilean peso 165 2027 Mexican peso 112 2025 Euro 95 2026 Colombian peso 41 2026 Commodity Derivatives Maximum Notional Latest Maturity Natural Gas (in MMBtu) 213 2029 Power (in MWhs) 51 2040 Coal (in Metric Tons) 11 2027 Accounting and Reporting — Assets and Liabilities — The following tables present the fair value of the Company’s derivative assets and liabilities as of the dates indicated (in millions): Fair Value September 30, 2024 December 31, 2023 Assets Designated Not Designated Total Designated Not Designated Total Interest rate derivatives $ 131 $ — $ 131 $ 184 $ — $ 184 Cross-currency derivatives 10 — 10 — — — Foreign currency derivatives 21 69 90 23 51 74 Commodity derivatives 1 527 528 — 128 128 Total assets (1) $ 163 $ 596 $ 759 $ 207 $ 179 $ 386 Liabilities Interest rate derivatives $ 168 $ — $ 168 $ 108 $ — $ 108 Cross-currency derivatives 11 — 11 63 — 63 Foreign currency derivatives 9 8 17 5 14 19 Commodity derivatives 78 397 475 107 149 256 Total liabilities (1) $ 266 $ 405 $ 671 $ 283 $ 163 $ 446 September 30, 2024 December 31, 2023 Fair Value Assets Liabilities Assets Liabilities Current $ 531 $ 363 $ 216 $ 152 Noncurrent 228 308 170 294 Total (1) $ 759 $ 671 $ 386 $ 446 _____________________________ (1) Includes $234 million of derivative assets reported in Current held-for-sale assets and $236 million of derivative liabilities reported in Current held-for-sale liabilities on the Condensed Consolidated Balance Sheets related to AES Brasil as of September 30, 2024. Earnings and Other Comprehensive Income (Loss) — The following table presents the pre-tax gains (losses) recognized in AOCL and earnings on the Company’s derivative instruments for the periods indicated (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Cash flow hedges Gains (losses) recognized in AOCL Interest rate derivatives $ (337) $ 358 $ 3 $ 380 Foreign currency derivatives 10 (18) — (6) Commodity derivatives 1 7 29 (20) Total $ (326) $ 347 $ 32 $ 354 Gains (losses) reclassified from AOCL into earnings Interest rate derivatives $ 2 $ (2) $ (28) $ 47 Foreign currency derivatives 1 (1) 3 (4) Commodity derivatives — 4 — 17 Total $ 3 $ 1 $ (25) $ 60 Gains (losses) on fair value hedging relationship Cross-currency derivatives $ 4 $ 29 $ (2) $ (57) Hedged items 4 1 (1) 54 Total $ 8 $ 30 $ (3) $ (3) Gains reclassified from AOCL to earnings due to change in forecast $ — $ — $ 11 $ 14 Gains (losses) recognized in earnings Not designated as hedging instruments: Interest rate derivatives $ — $ — $ 1 $ — Foreign currency derivatives (12) 3 46 3 Commodity derivatives and other 65 74 158 265 Total $ 53 $ 77 $ 205 $ 268 Reclassifications from AOCL to earnings are forecasted to decrease pre-tax income from continuing operations for the twelve months ended September 30, 2025 by $22 million.
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 2023 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: September 30, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets DEBT SECURITIES: Available-for-sale: Certificates of deposit (1) $ — $ 295 $ — $ 295 $ — $ 360 $ — $ 360 Government debt securities — 3 — 3 — — — — Total debt securities — 298 — 298 — 360 — 360 EQUITY SECURITIES: Mutual funds 52 — — 52 46 — — 46 Common stock 4 — — 4 — — — — Total equity securities 56 — — 56 46 — — 46 DERIVATIVES: Interest rate derivatives — 131 — 131 — 182 2 184 Cross-currency derivatives — 10 — 10 — — — — Foreign currency derivatives — 34 56 90 — 15 59 74 Commodity derivatives — 525 3 528 — 127 1 128 Total derivatives — assets (2) — 700 59 759 — 324 62 386 TOTAL ASSETS $ 56 $ 998 $ 59 $ 1,113 $ 46 $ 684 $ 62 $ 792 Liabilities Contingent consideration $ — $ — $ 163 $ 163 $ — $ — $ 165 $ 165 DERIVATIVES: Interest rate derivatives — 164 4 168 — 102 6 108 Cross-currency derivatives — 11 — 11 — 63 — 63 Foreign currency derivatives — 17 — 17 — 19 — 19 Commodity derivatives — 399 76 475 — 145 111 256 Total derivatives — liabilities (2) — 591 80 671 — 329 117 446 TOTAL LIABILITIES $ — $ 591 $ 243 $ 834 $ — $ 329 $ 282 $ 611 _____________________________ (1) Includes $292 million reported in Current held-for-sale assets on the Condensed Consolidated Balance Sheets related to AES Brasil as of September 30, 2024. (2) Includes $234 million of derivative assets reported in Current held-for-sale assets and $236 million of derivative liabilities reported in Current held-for-sale liabilities on the Condensed Consolidated Balance Sheets related to AES Brasil as of September 30, 2024. As of September 30, 2024, 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 nine months ended September 30, 2024. The level 3 contingent consideration relates mainly to the acquisition of Bellefield in June 2023. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Gross proceeds from sale of available-for-sale securities $ 189 $ 308 $ 683 $ 1,047 The following tables present a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2024 and 2023 (derivative balances are presented net), 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. Derivative Assets and Liabilities Three Months Ended September 30, 2024 Interest Rate Foreign Currency Commodity Contingent Consideration Total Balance at July 1, 2024 $ (2) $ 60 $ (71) $ (162) $ (175) Total realized and unrealized gains (losses): Included in earnings — 5 — (8) (3) Included in other comprehensive income (loss) — derivative activity (2) 1 (1) — (2) Settlements — (10) (1) 7 (4) Balance at September 30, 2024 $ (4) $ 56 $ (73) $ (163) $ (184) 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 $ — $ (3) $ — $ — $ (3) Derivative Assets and Liabilities Three Months Ended September 30, 2023 Interest Rate Foreign Currency Commodity Contingent Consideration Total Balance at July 1, 2023 $ (1) $ 63 $ (78) $ (274) $ (290) Total realized and unrealized gains (losses): Included in earnings — (6) (3) (1) (10) Included in other comprehensive income (loss) — derivative activity 5 (2) 7 — 10 Acquisitions — — — 3 3 Settlements — (9) (2) 5 (6) Transfers of assets, net out of Level 3 (4) — — — (4) Balance at September 30, 2023 $ — $ 46 $ (76) $ (267) $ (297) 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 $ — $ (13) $ (3) $ (1) $ (17) Derivative Assets and Liabilities Nine Months Ended September 30, 2024 Interest Rate Foreign Currency Commodity Contingent Consideration Total Balance at January 1, 2024 $ (4) $ 59 $ (110) $ (165) $ (220) Total realized and unrealized gains (losses): Included in earnings — 19 4 (3) 20 Included in other comprehensive income (loss) — derivative activity — 6 31 — 37 Included in regulatory (assets) liabilities — — 5 — 5 Acquisitions — — — (14) (14) Settlements — (28) (3) 19 (12) Balance at September 30, 2024 $ (4) $ 56 $ (73) $ (163) $ (184) 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) $ 6 $ — $ 3 Derivative Assets and Liabilities Nine Months Ended September 30, 2023 Interest Rate Foreign Currency Commodity Contingent Consideration Total Balance at January 1, 2023 $ — $ 64 $ (47) $ (48) $ (31) Total realized and unrealized gains (losses): Included in earnings — — (3) (9) (12) Included in other comprehensive income (loss) — derivative activity 2 — (20) — (18) Included in regulatory (assets) liabilities — — (2) — (2) Acquisitions — — — (215) (215) Settlements — (18) (5) 5 (18) Transfers of (assets) liabilities, net out of Level 3 (2) — 1 — (1) Balance at September 30, 2023 $ — $ 46 $ (76) $ (267) $ (297) 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 $ — $ (14) $ (4) $ (9) $ (27) The following table summarizes the significant unobservable inputs used for Level 3 derivative assets (liabilities) as of September 30, 2024 (in millions, except range amounts): Type of Derivative Fair Value Unobservable Input Amount or Range (Average) Interest rate $ (4) Subsidiary credit spread 0.8% to 3.2% (2.3%) Foreign currency: Argentine peso 56 Argentine peso to U.S. dollar currency exchange rate after one year 1,254 to 1,456 (1,351) Commodity: CAISO energy swap (75) Forward energy prices per MWh after 2030 $11.85 to $132.09 ($65.40) Other 2 Total $ (21) For the Argentine peso foreign currency derivatives, increases in the estimate of the above exchange rate would increase the value of the derivative. For the CAISO energy swap, increases in the estimate above would decrease the value of the derivative. Contingent consideration is primarily related to future milestone payments associated with acquisitions of renewables development projects. The estimated fair value of contingent consideration is determined using probability-weighted discounted cash flows based on internal forecasts, which are considered Level 3 inputs. Changes in Level 3 inputs, particularly changes in the probability of achieving development milestones, could result in material changes to the fair value of the contingent consideration and could materially impact the amount of expense or income recorded each reporting period. Contingent consideration is updated quarterly with any prospective changes in fair value recorded through earnings. 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 on the Condensed Consolidated Statements of Operations. The following table summarizes our major categories of asset groups 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 Nine Months Ended September 30, 2024 Level 1 Level 2 Level 3 Held-for-sale businesses: (2) Mong Duong 3/31/2024 $ 450 $ — $ 413 $ — $ 37 AES Brasil (3) 5/15/2024 1,556 — 1,352 — 217 Mong Duong (5) 6/30/2024 390 — 389 — 6 AES Brasil (4) 9/30/2024 1,351 — 1,313 — 60 Mong Duong (5) 9/30/2024 407 — 400 — 11 Measurement Date Carrying Amount (1) Fair Value Nine Months Ended September 30, 2023 Level 1 Level 2 Level 3 Pre-tax Loss Long-lived asset groups held and used: Norgener (6) 5/1/2023 $ 196 $ — $ — $ 24 $ 137 GAF Projects (AES Renewable Holdings) 5/31/2023 29 — — 11 18 TEG 7/31/2023 170 — — 93 77 TEP 7/31/2023 153 — — 94 59 Held-for-sale businesses: (2) Jordan (7) 3/31/2023 $ 179 $ — $ 170 $ — $ 14 Jordan (7) 6/30/2023 179 — 170 — 15 Jordan (7) 9/30/2023 178 — 170 — 14 _____________________________ (1) Represents the carrying values of the asset groups at the dates of measurement, before fair value adjustment. (2) See Note 18— Held-for-Sale and Dispositions for further information. (3) The pre-tax loss recognized was calculated using the fair value of the AES Brasil disposal group less costs to sell of $13 million. For purposes of the impairment analysis, the Company used the carrying value of the disposal group as of April 30, 2024. A subsequent impairment analysis was performed as of June 30, 2024 and no additional impairment was identified. (4) The pre-tax loss recognized was calculated using the fair value of the AES Brasil disposal group less costs to sell of $22 million. (5) The pre-tax loss recognized was calculated using the fair value of the Mong Duong disposal group less costs to sell of $5 million for both the June 30, 2024 and September 30, 2024 measurement dates. (6) The Norgener asset group includes long-lived assets, inventory, land, and other working capital, however per ASC 360-10, the pre-tax impairment expense is limited to the carrying amount of the long-lived assets. See Note 16— Asset Impairment Expense for further information. The Company evaluated the carrying amount of the assets outside the scope of ASC 360-10 and determined that the carrying value of the other assets should not be reduced. (7) The pre-tax loss recognized was calculated using the fair value of the Jordan disposal group less costs to sell of $5 million, $6 million, and $6 million for the March 31, 2023, June 30, 2023, and September 30, 2023 measurement dates, respectively. 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 nine months ended September 30, 2023 (in millions, except range amounts): Nine Months Ended September 30, 2023 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Long-lived asset groups held and used: TEP $ 94 Discounted cash flow Annual revenue growth (31)% to 6% (-2%) Annual variable margin 22% to 37% (26%) Discount rate 14% to 25% (14%) TEG 93 Discounted cash flow Annual revenue growth (7)% to 9% (0%) Annual variable margin 14% to 33% (20%) Discount rate 14% to 25% (14%) Norgener (1) 24 Discounted cash flow Annual revenue growth (90)% to 994% (85%) Annual variable margin (75)% to 276% (16%) GAF Projects (AES Renewable Holdings) 11 Discounted cash flow Annual revenue growth (42)% to 44% (1%) Discount rate 9% Total $ 222 _____________________________ (1) The fair value of the Norgener asset group is mainly related to existing coal inventory not subject to impairment under ASC 360-10. 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: September 30, 2024 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 Assets: Accounts receivable — noncurrent (1) $ 97 $ 166 $ — $ — $ 166 Liabilities: Non-recourse debt 22,483 23,150 — 20,919 2,231 Recourse debt 6,549 6,459 — 6,459 — December 31, 2023 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 Assets: Accounts receivable — noncurrent (1) $ 193 $ 239 $ — $ — $ 239 Liabilities: Non-recourse debt 22,144 22,174 — 20,676 1,498 Recourse debt 4,464 4,210 — 4,210 — _____________________________ (1) These amounts primarily relate to the sale of the Redondo Beach land, the amounts impacted by the Stabilization Funds enacted by the Chilean government, and for December 31, 2023 only, the receivables under the Warrior Run PPA termination agreement. These are included in Other noncurrent assets in the accompanying Condensed Consolidated Balance Sheets. See Note 5— Financing Receivables for further information.

Financing Receivables

Financing Receivables	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
FINANCING RECEIVABLES	FINANCING RECEIVABLES Receivables with contractual maturities of greater than one year are considered financing receivables. The following table presents long-term financing receivables, excluding lease receivables, by country as of the dates indicated (in millions): September 30, 2024 December 31, 2023 Gross Receivable Allowance Net Receivable Gross Receivable Allowance Net Receivable U.S. $ 47 $ — $ 47 $ 149 $ — $ 149 Chile 41 — 41 33 — 33 Other 9 — 9 11 — 11 Total (1) $ 97 $ — $ 97 $ 193 $ — $ 193 _____________________________ (1) Mong Duong loan receivable, which was classified in held-for-sale assets on the Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023, is excluded from the table above. See Note 14— Revenue for further information. U.S. — AES has recorded non-current receivables pertaining to the sale of the Redondo Beach land. The anticipated collection period extends beyond September 30, 2025. As of December 31, 2023, a significant financing receivable existed for the Warrior Run PPA termination agreement where $108 million was recorded in Other non-current assets on the Consolidated Balance Sheets. On February 1, 2024, the Company executed an agreement to sell all remaining future cash flows under the termination agreement. At the time of execution, the transaction was considered a sale of future revenue under U.S. GAAP. Upon completion of the remaining performance obligation in May 2024, the corresponding receivable balance of $267 million, net of valuation allowance of $7 million, was derecognized . See Note 14— Revenue for further details regarding the Warrior Run PPA termination agreement. Chile — AES Andes has recorded receivables pertaining to revenues recognized on regulated energy contracts that were impacted by the Stabilization Funds created by the Chilean government in October 2019, August 2022, and April 2024, in conjunction with the Tariff Stabilization Laws. Historically, the government updated the prices for these contracts every six months to reflect the contracts' indexation to exchange rates and commodities prices. The Tariff Stabilization Laws do 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 renewables contracts are incorporated to supply regulated contracts. Consequently, costs incurred in excess of the July 1, 2019 price are accumulated and borne by generators. As of September 30, 2024, AES Andes aims to reduce its exposure through the sale of receivables. On August 14, 2023, AES Andes executed an agreement to sell up to $227 million of receivables pursuant to the Stabilization Funds, of which $151 million was sold and collected as of September 30, 2024. Through different agreements and programs, as of September 30, 2024, $7 million of current receivables and $5 million of noncurrent receivables were recorded in Accounts receivable and Other noncurrent assets , respectively. Additionally, $36 million of payment deferrals granted to mining customers as part of our green blend agreements were recorded as financing receivables included in Other noncurrent assets at September 30, 2024. In October 2024, AES Andes sold and collected $217 million of receivables pursuant to the Stabilization Funds. As of September 30, 2024, these receivables were recorded in Accounts receivable on the Condensed Consolidated Balance Sheet.

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
DEBT	DEBT Recourse Debt Term Loan due 2024 — In September 2024, the Company executed an amendment to its term loan agreement, under which it had borrowed $200 million on September 30, 2022. Under such amendment, the maturity date of the term loan agreement was extended from September 30, 2024 to December 31, 2024. Subordinated Notes due 2055 — In May 2024, the Company issued $950 million aggregate principal of 7.60% fixed-to-fixed reset rate subordinated notes due in 2055. AES intends to allocate the net proceeds from this offering to one or more eligible green projects, which may include the development or redevelopment of such projects. Pending such allocation, AES intends to use the net proceeds from the offering for general corporate purposes. Senior Notes due 2028 — In May 2023, the Company issued $900 million aggregate principal of 5.45% senior notes due in 2028. The Company used the proceeds from this issuance for general corporate purposes and to fund investments in the Company’s Renewables and Utilities SBUs. AES Clean Energy Development — In March 2023, AES Clean Energy Development Holdings, LLC executed a $500 million bridge loan due in December 2023 and used the proceeds for general corporate purposes. The obligations under the bridge loan were unsecured and fully guaranteed by the Parent Company. The bridge loan was repaid in December 2023. Commercial Paper Program — In March 2023, the Company established a commercial paper program under which the Company may issue unsecured commercial paper notes (the “Notes”) up to a maximum aggregate face amount of $750 million outstanding at any time. The maturities of the Notes may vary but will not exceed 397 days from the date of issuance. The proceeds of the Notes will be used for general corporate purposes. The Notes will be sold on customary terms in the U.S. commercial paper market on a private placement basis. The commercial paper program is backed by the Company's $1.5 billion revolving credit facility, and the Company cannot issue commercial paper in an aggregate amount exceeding the then available capacity under its revolving credit facilities. For the nine months ended September 30, 2024, the Company borrowed approximately $43.7 billion and repaid approximately $43.1 billion under the commercial paper program, with average daily outstanding borrowings of $625 million. As of September 30, 2024, the Company had $530 million outstanding drawings under its revolving credit facility, and $611 million outstanding borrowings under the commercial paper program with a weighted average interest rate of 5.42%. The Notes are classified as current. Non-Recourse Debt During the nine months ended September 30, 2024, the Company’s following subsidiaries had significant debt issuances (in millions): Subsidiary Issuances (1) AES Clean Energy $ 1,760 AES Indiana (2) 1,350 AES Andes 1,191 _____________________________ (1) These amounts do not include revolving credit facility activity at the Company’s subsidiaries. (2) Issuances relate to both AES Indiana and its parent company, IPALCO. AES Clean Energy — In July 2024, AES Clean Energy Development executed a construction loan that includes letters of credit to further support the construction and operation of certain projects. As of September 30, 2024, there were $456 million in borrowings under the agreement at a 6.59% interest rate, maturing in April 2025. In December 2023, Bellefield Portfolio Seller, LLC and Bellefield 1 Finco, LLC, subsidiaries of AES Clean Energy Development, executed a construction, tax equity bridge, and letter of credit financing agreement for commitments of up to $2.4 billion due in 2026. As of September 30, 2024, there was $1.6 billion in outstanding borrowings under the facilities, and the net proceeds were used primarily to repay existing indebtedness and to fund development of renewables projects. In December 2022, AES Clean Energy Development, AES Renewable Holdings, and sPower, an equity method investment, collectively referred to as the Issuers, entered into a Master Indenture agreement whereby long-term notes will be issued from time to time to finance or refinance operating wind, solar, and energy storage projects that are owned by the Issuers. On December 13, 2022, the Issuers entered into the Note Purchase Agreement for the issuance of up to $647 million of 6.55% Senior Notes due in 2047. The notes were sold on December 14, 2022, at par for $647 million. The Issuers have executed amendments to the Note Purchase Agreement, which have resulted in an aggregate principal amount of notes issued of $1.4 billion as of September 30, 2024, including $491 million of 6.81% notes issued in 2024. Each of the Issuers is considered a “Co-Issuer” and will be jointly and severally liable with each other Co-Issuer for all obligations under the facility. As a result of the notes issued in 2024, AES Clean Energy Development and AES Renewable Holdings recorded, in aggregate, an increase in liabilities of $300 million, resulting in an aggregate carrying amount of notes of $552 million as of September 30, 2024. In 2021, AES Clean Energy Development, AES Renewable Holdings, and sPower, collectively referred to as the Borrowers, executed two Credit Agreements with aggregate commitments of $1.2 billion and maturity dates in December 2024 and September 2025. The Borrowers executed amendments to the revolving credit facilities, which resulted in an aggregate increase in the commitments of $2.6 billion, bringing the total commitments under the new agreements to $3.8 billion. Under 2024 amendments, the maturity dates of the Credit Agreements were extended to May 2027 and June 2028. Each of the Borrowers is considered a “Co-Borrower” and will be jointly and severally liable with each other Co-Borrower for all obligations under the facilities. As a result of increases in commitments used, AES Clean Energy Development and AES Renewable Holdings recorded, in aggregate, an increase in liabilities of $1.2 billion in 2024, resulting in total commitments used under the revolving credit facilities, as of September 30, 2024, of $3.5 billion. As of September 30, 2024, the aggregate commitments used under the revolving credit facilities for the Co-Borrowers was $3.7 billion. AES Andes — In March 2024, AES Andes issued $500 million aggregate principal of 6.30% senior unsecured notes due in 2029. The net proceeds from the issuance were used to purchase via tender offer $100 million and $43 million aggregate principal of its 6.35% and 5.00% notes due in 2079 and 2025, respectively, and repay other existing indebtedness. In June 2024, AES Andes issued $530 million in Junior Subordinated Notes at 8.15%, due in 2055. The proceeds were used to repay its 7.125% notes due in 2079. As a result of the transaction, the Company recognized a loss on extinguishment of debt of $8 million. AES Puerto Rico — On June 1, 2023, AES Puerto Rico was unable to pay principal and interest obligations on its Series A Bond Loans due to insufficient funds resulting from financial difficulties at the business. AES Puerto Rico signed forbearance and standstill agreements with its noteholders in July 2023 because of the insufficiency of funds to meet these obligations. On March 5, 2024, AES Puerto Rico and its noteholders executed a financial restructuring, under which the $156 million (including interest) of 6.625% Series A Bond Loans due 2026 was exchanged for $112 million of 6.625% senior secured bonds due January 2028 and $44 million of preferred shares in AES Puerto Rico. The preferred shares bear interest at 3.125% and contains an option whereby AES may call the preferred shares to be converted into 99.9% of the ordinary shares of AES Puerto Rico between December 30, 2025 and December 30, 2027, or would have the option to settle the preferred shares in cash. The noteholders also provided a $23 million bridge loan due March 2026 bearing interest at prime plus 4%. AES Puerto Rico is required to make mandatory prepayments through cash sweeps based on excess cash (as defined in the loan agreements) available from operations on the bridge loan, senior secured bonds, and preferred shares interest. The financial restructuring was accounted for as a troubled debt restructuring in accordance with ASC 470-60, “ Troubled Debt Restructurings by Debtors” as AES Puerto Rico was experiencing financial difficulties and the lenders granted a concession. No gain was recognized for the nine months ended September 30, 2024 as a result of this transaction. As of September 30, 2024, cash settlement of the preferred shares is contingent, as the amounts would not be required to be settled in cash if the option to settle the preferred shares with common shares is exercised. AES Indiana — In March 2024, AES Indiana issued $650 million aggregate principal of 5.70% First Mortgage Bonds due April 2054. The net proceeds from this issuance were used to repay existing indebtedness, including its unsecured $300 million term loan due in November 2024 and amounts outstanding under its $350 million revolving credit agreement maturing in December 2027, and for general corporate purposes. In March 2024, IPALCO issued $400 million aggregate principal of 5.75% senior secured notes due April 2034. In April 2024, the net proceeds from this issuance, together with cash on hand, were used to redeem the outstanding $405 million of IPALCO’s 3.70% senior secured notes due in September 2024. Netherlands and Colon — In January 2023, AES Hispanola Holdings BV, a Netherlands-based company, and Colon, as co-borrowers, executed a $350 million credit agreement at 8.85%, due in 2028. The Company allocated $300 million and $50 million of the proceeds from the agreement to AES Hispanola Holdings BV and Colon, respectively. The net proceeds from the agreement were used to repay existing indebtedness. As a result of the transaction, the Company recognized a loss on extinguishment of debt of $1 million. Non-Recourse Debt Covenants, Restrictions, and Defaults — The terms of the Company's non-recourse debt include certain financial and nonfinancial covenants. These covenants are limited to subsidiary activity and vary among the subsidiaries. These covenants may include, but are not limited to, maintenance of certain reserves and financial ratios, minimum levels of working capital, and limitations on incurring additional indebtedness. As of September 30, 2024 and December 31, 2023, approximately $441 million and $341 million, respectively, of restricted cash was maintained in accordance with certain covenants of the non-recourse debt agreements. These amounts were included within Restricted cash and Debt service reserves and other deposits in the accompanying Condensed Consolidated Balance Sheets. As of September 30, 2024 and December 31, 2023, approximately $116 million and $90 million, respectively, of the restricted cash balances were for collateral held to cover potential liability for current and future insurance claims being assumed by AGIC, AES' captive insurance company. Various lender and governmental provisions restrict the ability of certain of the Company's subsidiaries to transfer their net assets to the Parent Company. Such restricted net assets of subsidiaries amounted to approximately $1.1 billion at September 30, 2024. The following table summarizes the Company’s subsidiary non-recourse debt in default (in millions) as of September 30, 2024. Due to the defaults, these amounts are included in the current portion of non-recourse debt unless otherwise indicated: Subsidiary Primary Nature of Default Debt in Default Net Assets (Liabilities) AES Puerto Rico Payment $ 174 $ (122) AES Mexico Generation Holdings (TEG and TEP) Covenant 127 29 AES Ilumina (Puerto Rico) Covenant 23 30 AES Jordan Solar Covenant 6 11 Lafayette Solar (AES Clean Energy Development) (1) Covenant — 1 Total $ 330 ____________________________ (1) Debt in default at Lafayette Solar (AES Clean Energy Development) is less than $1 million. AES Puerto Rico is in payment default on its long-term debt and preferred shares due to failure to implement the cash sweep mechanism in accordance with the terms of the loan agreements. AES Puerto Rico is working with the noteholders to resolve this matter. All other subsidiary defaults listed are not payment defaults, but are instead technical defaults triggered by failure to comply with covenants or other requirements contained in the non-recourse debt documents of the applicable subsidiary. The AES Corporation’s recourse debt agreements include cross-default clauses that will trigger if a subsidiary provides 20% or more of the Parent Company’s total cash distributions from businesses for the four most recently completed fiscal quarters and has an outstanding principal in excess of $200 million in default. As of September 30, 2024, the Company’s subsidiaries had no defaults which resulted in 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.

Investment In and Advances To A

Investment In and Advances To Affiliates	9 Months Ended
	Sep. 30, 2024
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 that are accounted for using the equity method (in millions): 50%-or-less Owned Affiliates Majority-Owned Unconsolidated Subsidiaries Nine Months Ended September 30, 2024 2023 2024 2023 Revenue $ 2,067 $ 2,089 $ 1 $ 1 Operating income (loss) 48 (21) (1) (1) Net loss (143) (129) (1) (1) Net loss attributable to affiliates (64) (111) (1) (1) Jordan — In March 2024, the Company completed the sale of approximately 26% ownership interest in Amman East and IPP4 for a sale price of $58 million. After adjusting for dividends received since the execution of the sale and purchase agreement, the Company received a net cash payment of $45 million. After completion of the sale, the Company retained 10% ownership interest in each of the businesses, which are accounted for as equity method investments. See Note 18— Held-for-Sale and Dispositions for further information. Amman East and IPP4 are reported in the Energy Infrastructure SBU reportable segment. Uplight — In February 2024, Uplight acquired AutoGrid, a market leader in the Virtual Power Plant space, from Schneider Electric. As part of the transaction, Schneider contributed an additional $40 million to Uplight, and Uplight issued approximately 91 million additional common units to Schneider as consideration for the acquisition. No incremental investment was required from AES or any other investor. As a result, AES' 29.41% ownership interest in Uplight was diluted to 24.65%. The transaction was accounted for as a partial disposition in which AES recognized a gain of $52 million in Gain (loss) on disposal and sale of business interests . As the Company still does not control but has significant influence over Uplight after the transaction, it continues to be accounted for as an equity method investment and is reported in the New Energy Technologies SBU reportable segment. Grupo Energía Gas Panamá — In September 2023, AES Latin America completed the sale of its interest in Grupo Energía Gas Panamá, a joint venture formed for the Gatun combined cycle natural gas development project, to AES Panama, a 49%-owned consolidated subsidiary. As a result of the transaction, the Company’s effective ownership in Grupo Energía Gas Panamá decreased from 49% to approximately 24%. As the Company still does not control the investment after this transaction, it continues to be accounted for as an equity method investment and is reported in the Energy Infrastructure SBU reportable segment. sPower — In December 2022, the Company agreed to sell 49% of its indirect interest in a portfolio of sPower's operating assets ("OpCo B"). On February 28, 2023, sPower closed on the sale for $196 million. As a result of the transaction, the Company received $98 million in sales proceeds and recorded a pre-tax gain on sale of $5 million, recorded in Gain (loss) on disposal and sale of business interests . After the sale, the Company's ownership interest in OpCo B decreased from 50% to approximately 26%. As the Company still does not control but has significant influence over sPower after the transaction, it continues to be accounted for as an equity method investment and is reported in the Renewables SBU reportable segment. Alto Maipo — In May 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 does 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 September 30, 2024, the fair value is insignificant. Alto Maipo is reported in the Energy Infrastructure SBU reportable segment.

Contingencies and Commitments

Contingencies and Commitments	6 Months Ended
	Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES AND COMMITMENTS	COMMITMENTS AND CONTINGENCIES Parent Guarantees, Letters of Credit, and Commitments — In connection with certain project financings (including tax equity transactions), acquisitions and dispositions, power purchases, EPC contracts, 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 less than 1 year to no more than 32 years. The following table summarizes the Parent Company’s contingent contractual obligations as of September 30, 2024. 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 Maximum Exposure (in millions) Number of Agreements Maximum Exposure Range for Each Agreement (in millions) Guarantees and commitments $ 4,287 90 <$1 — 970 Letters of credit under bilateral agreements 290 8 $11 — 58 Letters of credit under the unsecured credit facilities 237 32 <$1 — 70 Letters of credit under the revolving credit facility 24 8 <$1 — 6 Surety bonds 2 2 <$1 — 1 Total $ 4,840 140 During the nine months ended September 30, 2024, the Company paid letter of credit fees ranging from 1% to 3% per annum on the outstanding amounts of letters of credit. Subsidiary Guarantees and Letters of Credit — In connection with certain project financings (including tax equity transactions), acquisitions and dispositions, power purchases, EPC contracts, and other agreements, certain of the Company's subsidiaries have expressly undertaken limited obligations and commitments, most of which will only be effective or will be terminated upon the occurrence of future events, or are customary payment guarantees for amounts due under existing contracts in the normal course of business. These contingent contractual obligations are issued at the subsidiary level and are non-recourse to the Parent Company. As of September 30, 2024, the maximum undiscounted potential exposure to guarantees issued by our subsidiaries was $2.6 billion, including $1.6 billion of customary payment guarantees under EPC contracts and other agreements, and $996 million of tax equity financing related guarantees. In addition, as of September 30, 2024, our subsidiaries had $1.9 billion of letters of credit outstanding. 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 September 30, 2024 and December 31, 2023, the Company recognized liabilities of $2 million and $9 million for projected environmental remediation costs, respectively. Due to the uncertainties associated with environmental assessment and remediation activities, future costs of compliance or remediation could be higher or lower than the amount currently accrued. Moreover, where no liability has been recognized, it is reasonably possible that the Company may be required to incur remediation costs or make expenditures in amounts that could be material but could not be estimated as of September 30, 2024. In aggregate, the Company estimates the range of potential losses related to environmental matters, where estimable, to be immaterial. 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 $5 million and $17 million as of September 30, 2024 and December 31, 2023, respectively. These amounts are reported on the Condensed Consolidated Balance Sheets within Accrued and other liabilities and Other noncurrent liabilities . A significant portion of these accrued liabilities relate to regulatory matters and commercial disputes in international jurisdictions. There can be no assurance that these accrued liabilities will be adequate to cover all existing and future claims or that we will have the liquidity to pay such claims as they arise. Where no accrued liability has been recognized, it is reasonably possible that some matters could be decided unfavorably to the Company and could require the Company to pay damages or make expenditures in amounts that could be material but could not be estimated as of September 30, 2024. 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 $51 million and $80 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.

Leases (Notes)

Leases (Notes)	9 Months Ended
	Sep. 30, 2024
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 obligations 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, recognized in Revenue on the Condensed Consolidated Statements of Operations for the periods indicated (in millions): Three Months Ended September 30, Nine Months Ended September 30, Operating Lease Revenue 2024 2023 2024 2023 Non-variable lease revenue $ 90 $ 111 $ 327 $ 336 Variable lease revenue 19 22 50 54 Total lease revenue $ 109 $ 133 $ 377 $ 390 The following table presents the underlying gross assets and accumulated depreciation of operating leases included in Property, plant and equipment on the Condensed Consolidated Balance Sheets as of the dates indicated (in millions): Property, Plant and Equipment, Net September 30, 2024 December 31, 2023 Gross assets $ 1,209 $ 1,227 Less: Accumulated depreciation (216) (182) Net assets $ 993 $ 1,045 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 September 30, 2024. 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 September 30, 2024 for the remainder of 2024 through 2028 and thereafter (in millions): Future Cash Receipts for Sales-Type Leases Operating Leases 2024 $ 11 $ 84 2025 40 335 2026 40 221 2027 40 123 2028 40 — Thereafter 646 1 Total $ 817 $ 764 Less: Imputed interest (361) Present value of total lease receipts $ 456 Battery Storage Lease Arrangements — The Company constructs and operates projects consisting only of a stand-alone 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 revenue on sales-type leases through interest income of $7 million and $15 million for the three and nine months ended September 30, 2024 and $3 million and $10 million for the three and nine months ended September 30, 2023, respectively. The Company recorded net losses at commencement of sales-type leases of $67 million for the nine months ended September 30, 2024. No gains or losses were recorded for the three months ended September 30, 2024, or the three and nine months ended September 30, 2023. Gains and losses at commencement of sales-type leases are recognized in Other income and Other expense , respectively, in the Condensed Consolidated Statement of Operations. See Note 15— Other Income and Expense for further information.

Redeemable Stocks of Subsidiari

Redeemable Stocks of Subsidiaries (Notes)	9 Months Ended
	Sep. 30, 2024
Redeemable Stock of Subsidiaries [Abstract]
Redeemable Stock of Subsidiaries	REDEEMABLE STOCK OF SUBSIDIARIES Equity securities with redemption features that are not solely within the control of the issuer are classified as temporary equity and recorded in Redeemable stock of subsidiaries on the Condensed Consolidated Balance Sheets. Generally, these instruments are initially measured at fair value and are subsequently adjusted for income and dividends allocated to the noncontrolling interest. Subsequent measurement may vary depending on whether the instrument is probable of becoming redeemable. For those securities that are currently redeemable or where it is probable that the instrument will become redeemable, any changes from the carrying value to redemption value are recognized in temporary equity against Additional paid-in capital . When the instrument is not probable of becoming redeemable, no adjustment to the carrying value is recognized. The following table summarizes the Company’s redeemable stock of subsidiaries balances as of the dates indicated (in millions): September 30, 2024 December 31, 2023 IPALCO common stock $ 820 $ 773 AES Clean Energy tax equity partnerships 68 129 Potengi common and preferred stock 17 18 AES Clean Energy Development common stock — 544 Total redeemable stock of subsidiaries $ 905 $ 1,464 AES Clean Energy Development — As part of the formation of AES Clean Energy Development in February 2021, the noncontrolling interest partner received certain partnership rights that would enable them to exit in the future. As a result, the noncontrolling ownership interest was considered temporary equity. In May 2024, these redemption features expired without being exercised and the noncontrolling ownership interest of $577 million was reclassified from Redeemable stock of subsidiaries to Noncontrolling interests on the Condensed Consolidated Balance Sheets. AES Clean Energy Development is reported in the Renewables SBU reportable segment. AES Clean Energy Tax Equity Partnerships — The majority of solar projects in the U.S. have been financed with tax equity structures, in which tax equity investors receive a portion of the economic attributes of the facilities, including tax attributes, that vary over the life of the projects. In some cases, these agreements contain certain partnership rights, though not currently in effect, that may enable the tax equity investor to exit in the future. As a result, the noncontrolling ownership interest is considered temporary equity. During the nine months ended September 30, 2024, AES Clean Energy, through multiple transactions, sold noncontrolling interests in project companies to tax equity investors, resulting in increases to Redeemable stock of subsidiaries of $172 million. During the second and third quarters of 2024, the Chevelon Butte Phase II, Kuihelani, and Silver Peak renewables projects reached commercial operations. The redemption features of these partnerships expired upon the projects being placed in service. As a result, noncontrolling ownership interests of $155 million were reclassified from Redeemable stock of subsidiaries to Noncontrolling interests on the Condensed Consolidated Balance Sheets. AES Clean Energy is reported in the Renewables SBU reportable segment. IPALCO — In May 2024, CDPQ made equity capital contributions of $45 million to IPALCO as part of a capital call primarily for funding needs related to AES Indiana’s capital expenditure program. The Company and CDPQ made capital contributions on a proportional share basis, therefore the contributions did not change the Company’s ownership interest in IPALCO. IPALCO is reported in the Utilities SBU reportable segment.

Equity

Equity	9 Months Ended
	Sep. 30, 2024
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 had 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”). The Company 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 were reflected in diluted earnings per share using the if-converted method. 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 were 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 were used for the development of the AES renewables businesses, U.S. utility businesses, LNG infrastructure, and for other developments determined by management. The Series A Preferred Stock did not bear any dividends and the liquidation preference of the convertible preferred stock did not accrete. The Series A Preferred Stock had no maturity date and would remain outstanding unless converted by holders or redeemed by the Company. Holders of the preferred shares had limited voting rights. The Series A Preferred Stock was pledged as collateral to support holders’ purchase obligations under the 2024 Purchase Contracts, which obligated the holders to purchase, on February 15, 2024, for a price of $100 in cash, a maximum number of 57,467,883 shares of the Company’s common stock (subject to customary anti-dilution adjustments). The initial settlement rate determining the number of shares that each holder must purchase could not exceed the maximum settlement rate and was 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. On February 15, 2024, the Series A Preferred Stock was tendered to satisfy the 2024 Purchase Contract’s settlement price and the Corporate Units were converted into shares of the Company’s common stock at the maximum settlement rate of 3.8859, equivalent to a reference price of $25.73. The Series A Preferred Stock was canceled and 40,531,845 shares of AES common stock were issued upon conversion. The Company paid 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 was made, the related liability was reduced and the difference between the cash payment and the present value accreted to interest expense, approximately $5 million over the three-year term. The final Contract Adjustment Payments were made on February 15, 2024. Equity Transactions with Noncontrolling Interests AES Clean Energy Tax Equity Partnerships — The majority of solar projects in the U.S. have been financed with tax equity structures, in which tax equity investors receive a portion of the economic attributes of the facilities, including tax attributes, that vary over the life of the projects. During the nine months ended September 30, 2024 and 2023, AES Clean Energy Development and AES Renewable Holdings, through multiple transactions, sold noncontrolling interests in project companies to tax equity investors, resulting in increases to NCI of $599 million and $292 million, respectively. In the third quarter of 2023, AES Renewable Holdings completed buyouts of tax equity partners at Buffalo Gap I, Buffalo Gap II and six other project companies, resulting in a decrease to NCI of $45 million and an increase to additional paid-in capital of $34 million. AES Clean Energy Development and AES Renewable Holdings are reported in the Renewables SBU reportable segment. Hardy Hills Solar — In May 2024, the Hardy Hills solar project reached commercial operations and AES Indiana received an additional $47 million from the tax equity investor, resulting in an increase to NCI. AES Indiana is reported in the Utilities SBU reportable segment. AES Puerto Rico Solar — In May 2024, AES CFE Holding II entered into an agreement for the sale of a 30% ownership interest in the Marahu project for $35 million, resulting in an increase to NCI. As the Company maintained control after this transaction, AES Puerto Rico Solar continues to be consolidated by the Company within the Renewables SBU reportable segment. Chile Renovables — Under its renewables partnership agreement with Global Infrastructure Management, LLC (“GIP”), AES Andes will contribute a specified pipeline of renewables development projects to Chile Renovables as the projects reach commercial operations, and GIP may make additional contributions to maintain its 49% ownership interest. During the nine months ended September 30, 2023 and 2024 , AES Andes completed the sale of the following projects to Chile Renovables (in millions): Business Transaction Period Sale Price Increase to Noncontrolling Interests Decrease to Additional Paid-In Capital Mesamávida February 2024 $ 40 $ 51 $ (11) Campo Lindo September 2023 50 59 (9) As the Company maintained control after these transactions, Chile Renovables continues to be consolidated by the Company within the Energy Infrastructure SBU reportable segment. AES Panama — In September 2023, AES Latin America completed the sale of its interest in the Grupo Energía Gas Panamá joint venture to AES Panama, a 49%-owned consolidated subsidiary. See Note 7— Investments in and Advances to Affiliates for further information. As a result of the transaction, AES Panama received $42 million from noncontrolling interest holders and the Company reclassified accumulated other comprehensive income from AOCL to NCI of $23 million. AES Panama is reported in the Renewables SBU reportable segment however the investment in Grupo Energía Gas Panamá is reported in the Energy Infrastructure SBU reportable segment. Accumulated Other Comprehensive Loss — The following table summarizes the changes in AOCL by component, net of tax and NCI, for the nine months ended September 30, 2024 (in millions): Foreign currency translation adjustments, net Change in fair value of derivatives, net Pension adjustments, net Change in fair value option liabilities, net Total Balance at the beginning of the period $ (1,692) $ 204 $ (26) $ — $ (1,514) Other comprehensive income (loss) before reclassifications (102) 4 — 3 (95) Amount reclassified to earnings — 14 — — 14 Other comprehensive income (loss) (102) 18 — 3 (81) Balance at the end of the period $ (1,794) $ 222 $ (26) $ 3 $ (1,595) Reclassifications out of AOCL are presented in the following table. The Company’s accounting policy for releasing the income tax effects from AOCL occurs on a portfolio basis. Amounts for the periods indicated are in millions and those in parentheses indicate debits to the Condensed Consolidated Statements of Operations: AOCL Components Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Derivative gains (losses), net Non-regulated revenue $ — $ — $ — $ (8) Non-regulated cost of sales (1) (1) (2) (2) Interest expense 3 (3) (27) 13 Gain (loss) on disposal and sale of business interests — — — 33 Foreign currency transaction gains (losses) 1 — 3 (3) Income from continuing operations before taxes and equity in earnings of affiliates 3 (4) (26) 33 Income tax expense — — 7 (11) Net equity in losses of affiliates — 5 1 27 Net income (loss) 3 1 (18) 49 Less: Net loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries — 1 4 (4) Net income (loss) attributable to The AES Corporation $ 3 $ 2 $ (14) $ 45 Common Stock Dividends — The Parent Company paid dividends of $0.1725 per outstanding share to its common stockholders during the first, second, and third quarters of 2024 for dividends declared in December 2023, February 2024, and July 2024, respectively. On October 11, 2024, the Board of Directors declared a quarterly common stock dividend of $0.1725 per share payable on November 15, 2024, to shareholders of record at the close of business on November 1, 2024.

Segments

Segments	9 Months Ended
	Sep. 30, 2024
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. The management reporting structure is composed of four SBUs, mainly organized by technology, led by our President and Chief Executive Officer. 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. • Renewables — Solar, wind, energy storage, and hydro generation facilities; • Utilities — AES Indiana, AES Ohio, and AES El Salvador regulated utilities and their generation facilities; • Energy Infrastructure — Natural gas, LNG, coal, pet coke, diesel, and oil generation facilities, and our businesses in Chile, which have a mix of generation sources, including renewables, that are pooled to service our existing PPAs; and • New Energy Technologies — Green hydrogen initiatives and investments in Fluence, Uplight, 5B, and other new and innovative energy technology businesses. Our Renewables, Utilities, and Energy Infrastructure SBUs participate in our generation business line, in which we own and/or operate power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. Our Utilities SBU participates in our utilities business line, in which we own and/or operate utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors within a defined service area. In certain circumstances, our utilities also generate and sell electricity on the wholesale market. Our New Energy Technologies SBU includes investments in new and innovative technologies to support leading-edge greener energy solutions. Included in “Corporate and Other” are the results of the AES self-insurance company, 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 EBITDA as its primary segment performance measure. Adjusted EBITDA, a non-GAAP measure, is defined by the Company as earnings before interest income and expense, taxes, depreciation and amortization, adjusted for the impact of NCI and interest, taxes, depreciation and amortization of our equity affiliates, and adding back interest income recognized under service concession arrangements; excluding gains or losses of both consolidated entities and entities accounted for under the equity method due to (a) unrealized gains or losses pertaining to derivative transactions, equity securities, and financial assets and liabilities measured using the fair value option; (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; and (e) gains, losses, and costs due to the early retirement of debt or troubled debt restructuring. The Company has concluded Adjusted EBITDA 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 overall complexity, the Company concluded that Adjusted EBITDA 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 EBITDA are presented before inter-segment eliminations, which includes the effect of intercompany transactions with other segments except for 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 September 30, Nine Months Ended September 30, Total Revenue 2024 2023 2024 2023 Renewables SBU $ 726 $ 708 $ 1,941 $ 1,744 Utilities SBU 961 880 2,730 2,703 Energy Infrastructure SBU 1,623 1,861 4,706 5,239 New Energy Technologies SBU 1 — 1 75 Corporate and Other 33 29 106 96 Eliminations (55) (44) (168) (157) Total Revenue $ 3,289 $ 3,434 $ 9,316 $ 9,700 Three Months Ended September 30, Nine Months Ended September 30, Reconciliation of Adjusted EBITDA (in millions) 2024 2023 2024 2023 Net income $ 210 $ 291 $ 449 $ 461 Income tax expense 103 109 52 179 Interest expense 379 326 1,125 966 Interest income (119) (144) (312) (398) Depreciation and amortization 306 286 926 836 EBITDA $ 879 $ 868 $ 2,240 $ 2,044 Less: Discontinued operations 7 — 7 — Less: Adjustment for noncontrolling interests and redeemable stock of subsidiaries (1) (229) (183) (471) (508) Less: Income tax expense (benefit), interest expense (income) and depreciation and amortization from equity affiliates 30 27 91 93 Interest income recognized under service concession arrangements 16 18 49 54 Unrealized derivatives, equity securities, and financial assets and liabilities losses (gains) (47) 10 (185) 3 Unrealized foreign currency losses 7 97 10 161 Disposition/acquisition losses (gains) (11) 8 8 21 Impairment losses 39 145 179 318 Loss on extinguishment of debt and troubled debt restructuring 1 — 51 1 Adjusted EBITDA $ 692 $ 990 $ 1,979 $ 2,187 _____________________________ (1) The allocation of earnings and losses to tax equity investors from both consolidated entities and equity affiliates is removed from Adjusted EBITDA. Three Months Ended September 30, Nine Months Ended September 30, Adjusted EBITDA 2024 2023 2024 2023 Renewables SBU $ 199 $ 267 $ 443 $ 557 Utilities SBU 223 216 619 526 Energy Infrastructure SBU 299 520 969 1,165 New Energy Technologies SBU (7) (22) (38) (61) Corporate and Other (23) 8 (3) 20 Eliminations 1 1 (11) (20) Adjusted EBITDA $ 692 $ 990 $ 1,979 $ 2,187 The Company uses long-lived assets as its measure of segment assets. Long-lived assets include amounts recorded in Property, plant and equipment, net and right-of-use assets for operating leases recorded in Other noncurrent assets on the Condensed Consolidated Balance Sheets. Long-Lived Assets September 30, 2024 December 31, 2023 Renewables SBU $ 16,463 $ 15,735 Utilities SBU 8,481 7,166 Energy Infrastructure SBU 7,750 7,414 New Energy Technologies SBU 19 14 Corporate and Other 25 9 Long-Lived Assets 32,738 30,338 Current assets 10,526 6,649 Investments in and advances to affiliates 1,162 941 Debt service reserves and other deposits 77 194 Goodwill 348 348 Other intangible assets 1,928 2,243 Deferred income taxes 421 396 Other noncurrent assets, excluding right-of-use assets for operating leases 2,209 2,879 Noncurrent held-for-sale assets 670 811 Total Assets $ 50,079 $ 44,799

Revenue (Notes)

Revenue (Notes)	3 Months Ended
	Sep. 30, 2024
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 September 30, 2024 Renewables SBU Utilities SBU Energy Infrastructure SBU New Energy Technologies SBU Corporate, Other and Eliminations Total Non-Regulated Revenue Revenue from contracts with customers $ 648 $ 23 $ 1,431 $ 1 $ (22) $ 2,081 Other non-regulated revenue (1) 78 1 192 — — 271 Total non-regulated revenue 726 24 1,623 1 (22) 2,352 Regulated Revenue Revenue from contracts with customers — 929 — — — 929 Other regulated revenue — 8 — — — 8 Total regulated revenue — 937 — — — 937 Total revenue $ 726 $ 961 $ 1,623 $ 1 $ (22) $ 3,289 Three Months Ended September 30, 2023 Renewables SBU Utilities SBU Energy Infrastructure SBU New Energy Technologies SBU Corporate, Other and Eliminations Total Non-Regulated Revenue Revenue from contracts with customers $ 672 $ 16 $ 1,655 $ — $ (14) $ 2,329 Other non-regulated revenue (1) 36 1 206 — (1) 242 Total non-regulated revenue 708 17 1,861 — (15) 2,571 Regulated Revenue Revenue from contracts with customers — 855 — — — 855 Other regulated revenue — 8 — — — 8 Total regulated revenue — 863 — — — 863 Total revenue $ 708 $ 880 $ 1,861 $ — $ (15) $ 3,434 Nine Months Ended September 30, 2024 Renewables SBU Utilities SBU Energy Infrastructure SBU New Energy Technologies SBU Corporate, Other and Eliminations Total Non-Regulated Revenue Revenue from contracts with customers $ 1,764 $ 65 $ 4,149 $ 1 $ (62) $ 5,917 Other non-regulated revenue (1) 177 3 557 — — 737 Total non-regulated revenue 1,941 68 4,706 1 (62) 6,654 Regulated Revenue Revenue from contracts with customers — 2,641 — — — 2,641 Other regulated revenue — 21 — — — 21 Total regulated revenue — 2,662 — — — 2,662 Total revenue $ 1,941 $ 2,730 $ 4,706 $ 1 $ (62) $ 9,316 Nine Months Ended September 30, 2023 Renewables SBU Utilities SBU Energy Infrastructure SBU New Energy Technologies SBU Corporate, Other and Eliminations Total Non-Regulated Revenue Revenue from contracts with customers $ 1,654 $ 51 $ 4,717 $ 74 $ (60) $ 6,436 Other non-regulated revenue (1) 90 3 522 1 (1) 615 Total non-regulated revenue 1,744 54 5,239 75 (61) 7,051 Regulated Revenue Revenue from contracts with customers — 2,624 — — — 2,624 Other regulated revenue — 25 — — — 25 Total regulated revenue — 2,649 — — — 2,649 Total revenue $ 1,744 $ 2,703 $ 5,239 $ 75 $ (61) $ 9,700 _______________________________ (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 $220 million and $328 million as of September 30, 2024 and December 31, 2023, respectively. During the nine months ended September 30, 2024 and 2023, we recognized revenue of $77 million and $30 million, respectively, that was included in the corresponding contract liability balance at the beginning of the periods. In June 2023, the Company closed on an agreement to terminate the PPA for the Warrior Run coal-fired power plant for total consideration of $357 million, to be paid by the offtaker through the end of the previous contract term in January 2030. Under the termination agreement, the plant continued providing capacity through May 2024. The termination represented a contract modification under which the discounted termination payments, as well as a pre-existing contract liability, were recognized as revenue on a straight-line basis over the remaining performance obligation period for approximately $32 million per month. On February 1, 2024, the Company executed a receivable sale agreement to transfer all of its rights, title, and interest in the remaining future cash flows under this agreement. At the time of execution, the transaction was considered a sale of future revenue under U.S. GAAP, and as such, the net proceeds of $273 million were recorded as debt . Upon completion of the remaining performance obligation in May 2024, the corresponding receivable balance of $267 million, net of valuation allowance of $7 million, and the remaining debt balance of $260 million were derecognized. 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 September 30, 2024 and December 31, 2023, Mong Duong met the held-for-sale criteria and the loan receivable balance of $1 billion and $1.1 billion, net of CECL reserves of $24 million and $26 million, respectively, was classified in held-for-sale assets. Of the loan receivable balance, $118 million and $108 million, respectively, was classified in Current held-for-sale assets , and $873 million and $962 million, respectively, was classified in Noncurrent held-for-sale assets on the Condensed Consolidated Balance Sheets. Remaining Performance Obligations — The transaction price allocated to remaining performance obligations represents future consideration for unsatisfied (or partially unsatisfied) performance obligations at the end of the reporting period. As of September 30, 2024, the aggregate amount of transaction price allocated to remaining performance obligations was $7 million, primarily consisting of fixed consideration for the sale of renewable energy

Other Income and Expense

Other Income and Expense	9 Months Ended
	Sep. 30, 2024
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, gains on contingent consideration remeasurement, and other income from miscellaneous transactions. Other expense generally includes losses on asset sales and dispositions, losses on legal contingencies, losses on remeasurement of contingent consideration, losses at commencement of sales-type leases, and losses from other miscellaneous transactions. The components are summarized as follows (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Other Income Gain on remeasurement of contingent consideration (1) $ 14 $ — $ 26 $ — Indexation adjustment of receivables (2) 12 — 12 — AFUDC (US Utilities) 3 5 9 11 Contract termination — — 5 — Gain on commencement of sales-type leases — — 5 — Insurance proceeds — — 5 — Gain on sale and disposal of assets — 1 3 3 Legal settlements — — — 3 Other income 35 6 55 19 Total other income $ 64 $ 12 $ 120 $ 36 Other Expense Loss on commencement of sales-type leases (3) $ — $ — $ 72 $ — Loss on remeasurement of contingent consideration (1) 21 1 27 9 Costs related to troubled debt restructuring (4) — — 20 — Loss on sale and disposal of assets 6 3 14 12 Non-service pension and other postretirement costs 2 2 7 9 Other 2 6 13 8 Total other expense $ 31 $ 12 $ 153 $ 38 _______________________________ (1) Primarily related to certain remeasurements of contingent consideration on projects acquired at AES Clean Energy. (2) Related to an indexation adjustment on receivables for regulated energy contracts impacted by the Tariff Stabilization Laws at Chile. See Note 5— Financing Receivables for further information. (3) Related to losses recognized at commencement of sales-type leases at AES Renewable Holdings. See Note 10— Leases for further information. (4) Related to legal expenses and other direct costs associated with the troubled debt restructuring at Puerto Rico. See Note 8— Debt for further information.

Asset Impairment Expense

Asset Impairment Expense	9 Months Ended
	Sep. 30, 2024
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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 AES Brasil $ 60 $ — $ 277 $ — Mong Duong 11 — 54 — Norgener — — — 137 TEG — 77 — 77 TEP — 59 — 59 Jordan — 14 — 43 GAF Projects (AES Renewable Holdings) — — — 18 Other 8 8 24 18 Total $ 79 $ 158 $ 355 $ 352 AES Brasil — In May 2024, the Company entered into an agreement to sell its 47.3% controlling interest in AES Brasil, a 5.2 GW portfolio of renewable energy facilities. Upon meeting the held-for-sale criteria in May 2024, the Company performed an impairment analysis and determined that the carrying value of the disposal group of $1,556 million, which included cumulative translation losses of $533 million, was greater than its fair value less costs to sell of $1,339 million. As a result, the Company recognized pre-tax impairment expense of $217 million. The Company performed a subsequent impairment analysis as of September 30, 2024 and recognized additional pre-tax impairment expense of $60 million, primarily due to depreciation of the Brazilian real and increased costs to sell. See Note 18— Held-for-Sale and Dispositions for further information. AES Brasil is reported in the Renewables SBU reportable segment. Mong Duong — In November 2023, the Company entered into an agreement to sell its entire 51% ownership interest in Mong Duong 2, 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 (collectively "Mong Duong"), and as of September 30, 2024, Mong Duong continued to be classified as held-for-sale. The carrying amount of the Mong Duong disposal group in subsequent periods exceeded the expected sales proceeds and as a result, the Company recognized total pre-tax impairment expense of $54 million during the nine months ended September 30, 2024. See Note 18— Held-for-Sale and Dispositions for further information. Mong Duong is reported in the Energy Infrastructure SBU reportable segment. TEG and TEP — During the third quarter of 2023, management identified an impairment indicator at the TEG and TEP asset groups due to a reduction in expected cash flows after expiration of the current PPAs. The Company performed an impairment analysis as of July 31, 2023, and determined that the carrying amounts of the asset groups were not recoverable. The TEG and TEP asset groups were determined to have fair values of $93 million and $94 million, respectively, using the income approach. As a result, the Company recognized pre-tax asset impairment expense of $77 million and $59 million, respectively. TEG and TEP are reported in the Energy Infrastructure SBU reportable segment. Norgener — In May 2023, AES Andes announced its intention to accelerate the retirement of the Norgener coal-fired plant in Chile in order to further advance its decarbonization strategy. Due to this strategic development and the resulting decrease in useful life of the generation facility, the Company performed an impairment analysis as of May 1, 2023, and determined that the carrying amount of the asset group was not recoverable. The Norgener asset group was determined to have a fair value of $24 million, using the income approach. As a result, and since pre-tax losses are limited to the carrying amount of the long-lived assets, the Company recognized pre-tax asset impairment expense of $137 million. Norgener is reported in the Energy Infrastructure SBU reportable segment. Jordan — In November 2020, the Company signed an agreement to sell approximately 26% ownership interest in Amman East and IPP4 for $58 million. The generation plants were classified as held-for-sale until the sale was completed in March 2024. Due to the delay in closing the transaction, the carrying amount of the disposal group in subsequent periods exceeded the agreed-upon sales price, and total pre-tax impairment expense of $43 million was recorded during the nine months ended September 30, 2023. See Note 18 —Held-for-Sale and Dispositions for further information. Amman East and IPP4 are reported in the Energy Infrastructure SBU reportable segment. GAF Projects — During the second quarter of 2023, management concluded that the carrying value of six project companies at AES Renewable Holdings (the “GAF Projects”) may not be recoverable as the expected purchase price on the buyout of tax equity partners implied a loss on the transaction. The buyout was completed in July 2023. Management performed a recoverability test as of May 31, 2023 and concluded that the undiscounted cash flows of the GAF Projects did not exceed the carrying values of the asset groups for five of the six projects. The asset groups for the GAF Projects were 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 $18 million. AES Renewable Holdings is reported in the Renewables SBU reportable segment.

Income Taxes (Notes)

Income Taxes (Notes)	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES

Held-for-Sale and Dispositions

Held-for-Sale and Dispositions (Notes)	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
DISPOSITIONS AND HELD-FOR-SALE BUSINESSES	HELD-FOR-SALE AND DISPOSITIONS Held-for-Sale AES Brasil — On May 15, 2024, the Company entered into an agreement to sell its 47.3% controlling interest in AES Brasil Energia S.A. (“AES Brasil”), a 5.2 GW portfolio of renewable energy that is 51% hydroelectric, 43% wind, and 6% solar. The transaction is expected to close in the fourth quarter of 2024. As a result, AES Brasil was 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 disposal group after impairments of the plants held-for-sale as of September 30, 2024 was $1.3 billion. AES Brasil is reported in the Renewables SBU reportable segment. Mong Duong — In November 2023, the Company entered into an agreement to sell its entire 51% ownership interest in Mong Duong 2, 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 (collectively "Mong Duong"). The sale is subject to regulatory approval and is expected to close in mid-2025. As a result, Mong Duong was 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 disposal group after impairment of the plant held-for-sale as of September 30, 2024 was $395 million. Mong Duong is reported in the Energy Infrastructure SBU reportable segment. Excluding any impairment charges, pre-tax income and pre-tax income attributable to AES of businesses held-for-sale as of September 30, 2024 was as follows: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2024 2023 2024 2023 Pre-tax income of businesses held-for-sale: Mong Duong $ 23 $ 20 $ 63 $ 74 AES Brasil 25 28 13 80 Total pre-tax income of businesses held-for-sale $ 48 $ 48 $ 76 $ 154 Pre-tax income attributable to AES of businesses held-for-sale: Mong Duong $ 10 $ 8 $ 27 $ 32 AES Brasil 11 12 4 34 Total pre-tax income attributable to AES of of businesses held-for-sale $ 21 $ 20 $ 31 $ 66 Management has recorded pre-tax asset impairment expense of $54 million at Mong Duong, and $277 million at AES Brasil. As of September 30, 2024, the significant assets and liabilities of Mong Duong are a long-term financing receivable of $1 billion and debt of $582 million, respectively. As of September 30, 2024, AES Brasil’s major assets and liabilities include $2.2 billion in both property, plant and equipment and debt. See Note 16 —Asset Impairment Expense and Note 14 —Revenue for further information. Dispositions Jordan — In March 2024, the Company completed the sale of approximately 26% ownership interest in the Amman East and IPP4 generation plants for a sale price of $58 million. After adjusting for dividends received since the execution of the sale and purchase agreement, the Company received a net cash payment of $45 million. The transaction resulted in a pre-tax loss on sale of $10 million, reported in Gain on disposal and sale of business interests on the Condensed Consolidated Statement of Operations. After completion of the sale, the Company retained 10% ownership interest in each of the businesses, resulting in deconsolidation and recognition as equity method investments. Amman East and IPP4 are reported in the Energy Infrastructure SBU reportable segment.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2024
Business Combinations [Abstract]
Acquisitions	. ACQUISITIONS Long Point and Hot Air — On September 20, 2024, the Company entered into an agreement to purchase Long Point, an early development-stage project consisting of a 300 MW wind facility, a 150 MW solar facility, and a 40 MW battery storage facility, and Hot Air, an early development-stage 350 MW wind facility, both located in Arizona. The transaction was accounted for as an asset acquisition. The total consideration paid of $6 million, including transaction costs, was allocated to the identifiable assets and liabilities on a relative fair value basis, primarily consisting of intangible assets. The remaining contingent consideration of up to $47 million, which is not recorded at this time, will be recognized as part of the projects’ assets when the contingencies are resolved, and the consideration is paid or becomes payable. Long Point and Hot Air are reported in the Renewables SBU reportable segment. Birdseye — On April 5, 2024, the Company closed on the acquisition of 100% of Sol Madison Solar, LLC, a 63 MW construction-stage solar project in Virginia, and a pipeline of early-stage renewable energy development projects. The transaction was accounted for as a business combination at a purchase price of $20 million; therefore, the assets acquired and liabilities assumed at the acquisition date, primarily consisting of CWIP and a PPA liability, were recorded at their fair values. No goodwill was recognized as a result of the acquisition. The Company has recorded preliminary amounts for the purchase price allocation; however, the Company may continue to make adjustments. Birdseye is reported in the Renewables SBU reportable segment. Hoosier Wind — In August 2023, the Company, through its subsidiary AES Indiana, filed for IURC issuance of a Certificate of Public Convenience and Necessity (“CPCN”) approving the acquisition of 100% of the interests in Hoosier Wind Project, LLC., which is an existing 106 MW wind facility located in Benton County, Indiana. IURC approval was received on January 24, 2024, and the transaction closed on February 29, 2024. The transaction was accounted for as an asset acquisition. Of the total consideration transferred of $93 million, including transaction costs, approximately $49 million was allocated to the identifiable assets acquired on a relative fair value basis, primarily consisting of tangible wind farm assets and typical working capital items. The remaining consideration was allocated to the termination of the pre-existing PPA between AES Indiana and the Hoosier Wind Project, estimated using a discounted cash flow valuation methodology, which was deferred as a long-term regulatory asset. Hoosier Wind is reported in the Utilities SBU reportable segment.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
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 nine months ended September 30, 2024 and 2023, where income represents the numerator and weighted average shares represent the denominator. Three Months Ended September 30, 2024 2023 (in millions, except per share data) Income Shares $ per Share Income Shares $ per Share BASIC EARNINGS PER SHARE Income from continuing operations attributable to The AES Corporation common stockholders $ 509 711 $ 0.72 $ 231 670 $ 0.34 EFFECT OF DILUTIVE SECURITIES Stock options — — — — — — Restricted stock units — 2 — — 2 — Equity units — — — — 40 (0.02) DILUTED EARNINGS PER SHARE $ 509 713 $ 0.72 $ 231 712 $ 0.32 Nine Months Ended 2024 2023 (in millions, except per share data) Income Shares $ per Share Income Shares $ per Share BASIC EARNINGS PER SHARE Income from continuing operations attributable to The AES Corporation common stockholders $ 1,126 704 $ 1.60 $ 343 669 $ 0.51 EFFECT OF DILUTIVE SECURITIES Stock options — — — — 1 — Restricted stock units — 2 — — 2 — Equity units — 7 (0.02) 1 40 (0.03) DILUTED EARNINGS PER SHARE $ 1,126 713 $ 1.58 $ 344 712 $ 0.48 For the three and nine months ended September 30, 2024, the calculation of diluted earnings per share excluded 1 million outstanding stock awards, respectively, which would be anti-dilutive. These stock awards could potentially dilute basic earnings per share in the future. The calculation of diluted earnings per share excluded 2 million outstanding stock awards for the three and nine months ended September 30, 2023, which would be anti-dilutive. These stock awards could potentially dilute basic earnings per share in the future. As described in Note 12 —Equity , the Company issued 10,430,500 Equity Units in March 2021 with a total notional value of $1,043 million. Each Equity Unit had 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. 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. The Series A Preferred Stock and the 2024 Purchase Contracts were 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. On February 15, 2024, the Series A Preferred Stock was tendered to satisfy the 2024 Purchase Contract's settlement price and the Corporate Units were converted into shares of the Company's common stock at a settlement rate of 3.8859, equivalent to a reference price of $25.73. The Series A Preferred Stock was canceled upon conversion.

Risks and Uncertainties (Notes)

Risks and Uncertainties (Notes)	9 Months Ended
	Sep. 30, 2024
Risks and Uncertainties [Abstract]
Unusual Risks and Uncertainties [Table Text Block]	RISKS AND UNCERTAINTIES

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Event [Line Items]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS

Allowance for Credit Losses

Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2024
Credit Loss [Abstract]
Allowance for Credit Losses	ALLOWANCE FOR CREDIT LOSSES The following table represents the rollforward of the allowance for credit losses for the periods indicated (in millions): Nine Months Ended September 30, 2024 Accounts Receivable Mong Duong Loan Receivable (1) Argentina Receivables Other (2) Total CECL reserve balance at beginning of period $ 15 $ 26 $ 7 $ 16 $ 64 Current period provision 22 — — 5 27 Write-offs charged against allowance (5) — — (8) (13) Recoveries collected 1 (2) — — (1) Foreign exchange (1) — (1) (1) (3) CECL reserve balance at end of period $ 32 $ 24 $ 6 $ 12 $ 74 Nine Months Ended September 30, 2023 Accounts Receivable Mong Duong Loan Receivable Argentina Receivables Lease Receivable (3) Other Total CECL reserve balance at beginning of period $ 4 $ 28 $ 31 $ 20 $ 1 $ 84 Current period provision 14 — — — 11 25 Write-offs charged against allowance (12) — — (20) — (32) Recoveries collected 2 (2) — — — — Foreign exchange — — (15) — — (15) CECL reserve balance at end of period $ 8 $ 26 $ 16 $ — $ 12 $ 62 _____________________________ (1) Mong Duong loan receivable credit losses allowance was classified in held-for-sale assets on the Condensed Consolidated Balance Sheet as of September 30, 2024. (2) Primarily relates to credit losses allowance at AES Brasil which was classified in held-for-sale assets on the Condensed Consolidated Balance Sheet as of September 30, 2024. (3) Lease receivable credit losses allowance at Southland Energy (AES Gilbert).

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 502	$ 231	$ 1,119	$ 343

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Financial Statement Presentatio

Financial Statement Presentation (Policies)	9 Months Ended
	Sep. 30, 2024
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 Accounting, Policy [Policy 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 nine months ended September 30, 2024 are not necessarily indicative of expected results for the year ending December 31, 2024. The accompanying condensed consolidated financial statements are unaudited and should be read in conjunction with the 2023 audited consolidated financial statements and notes thereto, which are included in the 2023 Form 10-K filed with the SEC on February 26, 2024 (the “2023 Form 10-K”).
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 Sheets that reconcile to the total of such amounts as shown on the Condensed Consolidated Statements of Cash Flows (in millions): September 30, 2024 December 31, 2023 Cash and cash equivalents $ 1,919 $ 1,426 Restricted cash 563 370 Debt service reserves and other deposits 77 194 Cash, Cash Equivalents, and Restricted Cash $ 2,559 $ 1,990

Contingencies and Commitments C

Contingencies and Commitments Contingencies and Commitments (Policies)	9 Months Ended
	Sep. 30, 2024
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)	9 Months Ended
	Sep. 30, 2024
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 obligations 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)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segment Reporting	SEGMENTS The segment reporting structure uses the Company’s management reporting structure as its foundation to reflect how the Company manages the businesses internally. The management reporting structure is composed of four SBUs, mainly organized by technology, led by our President and Chief Executive Officer. 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. • Renewables — Solar, wind, energy storage, and hydro generation facilities; • Utilities — AES Indiana, AES Ohio, and AES El Salvador regulated utilities and their generation facilities; • Energy Infrastructure — Natural gas, LNG, coal, pet coke, diesel, and oil generation facilities, and our businesses in Chile, which have a mix of generation sources, including renewables, that are pooled to service our existing PPAs; and • New Energy Technologies — Green hydrogen initiatives and investments in Fluence, Uplight, 5B, and other new and innovative energy technology businesses. Our Renewables, Utilities, and Energy Infrastructure SBUs participate in our generation business line, in which we own and/or operate power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. Our Utilities SBU participates in our utilities business line, in which we own and/or operate utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors within a defined service area. In certain circumstances, our utilities also generate and sell electricity on the wholesale market. Our New Energy Technologies SBU includes investments in new and innovative technologies to support leading-edge greener energy solutions. Included in “Corporate and Other” are the results of the AES self-insurance company, 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 EBITDA as its primary segment performance measure. Adjusted EBITDA, a non-GAAP measure, is defined by the Company as earnings before interest income and expense, taxes, depreciation and amortization, adjusted for the impact of NCI and interest, taxes, depreciation and amortization of our equity affiliates, and adding back interest income recognized under service concession arrangements; excluding gains or losses of both consolidated entities and entities accounted for under the equity method due to (a) unrealized gains or losses pertaining to derivative transactions, equity securities, and financial assets and liabilities measured using the fair value option; (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; and (e) gains, losses, and costs due to the early retirement of debt or troubled debt restructuring. The Company has concluded Adjusted EBITDA 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 overall complexity, the Company concluded that Adjusted EBITDA 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 EBITDA are presented before inter-segment eliminations, which includes the effect of intercompany transactions with other segments except for 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 September 30, Nine Months Ended September 30, Total Revenue 2024 2023 2024 2023 Renewables SBU $ 726 $ 708 $ 1,941 $ 1,744 Utilities SBU 961 880 2,730 2,703 Energy Infrastructure SBU 1,623 1,861 4,706 5,239 New Energy Technologies SBU 1 — 1 75 Corporate and Other 33 29 106 96 Eliminations (55) (44) (168) (157) Total Revenue $ 3,289 $ 3,434 $ 9,316 $ 9,700 Three Months Ended September 30, Nine Months Ended September 30, Reconciliation of Adjusted EBITDA (in millions) 2024 2023 2024 2023 Net income $ 210 $ 291 $ 449 $ 461 Income tax expense 103 109 52 179 Interest expense 379 326 1,125 966 Interest income (119) (144) (312) (398) Depreciation and amortization 306 286 926 836 EBITDA $ 879 $ 868 $ 2,240 $ 2,044 Less: Discontinued operations 7 — 7 — Less: Adjustment for noncontrolling interests and redeemable stock of subsidiaries (1) (229) (183) (471) (508) Less: Income tax expense (benefit), interest expense (income) and depreciation and amortization from equity affiliates 30 27 91 93 Interest income recognized under service concession arrangements 16 18 49 54 Unrealized derivatives, equity securities, and financial assets and liabilities losses (gains) (47) 10 (185) 3 Unrealized foreign currency losses 7 97 10 161 Disposition/acquisition losses (gains) (11) 8 8 21 Impairment losses 39 145 179 318 Loss on extinguishment of debt and troubled debt restructuring 1 — 51 1 Adjusted EBITDA $ 692 $ 990 $ 1,979 $ 2,187 _____________________________ (1) The allocation of earnings and losses to tax equity investors from both consolidated entities and equity affiliates is removed from Adjusted EBITDA. Three Months Ended September 30, Nine Months Ended September 30, Adjusted EBITDA 2024 2023 2024 2023 Renewables SBU $ 199 $ 267 $ 443 $ 557 Utilities SBU 223 216 619 526 Energy Infrastructure SBU 299 520 969 1,165 New Energy Technologies SBU (7) (22) (38) (61) Corporate and Other (23) 8 (3) 20 Eliminations 1 1 (11) (20) Adjusted EBITDA $ 692 $ 990 $ 1,979 $ 2,187 The Company uses long-lived assets as its measure of segment assets. Long-lived assets include amounts recorded in Property, plant and equipment, net and right-of-use assets for operating leases recorded in Other noncurrent assets on the Condensed Consolidated Balance Sheets. Long-Lived Assets September 30, 2024 December 31, 2023 Renewables SBU $ 16,463 $ 15,735 Utilities SBU 8,481 7,166 Energy Infrastructure SBU 7,750 7,414 New Energy Technologies SBU 19 14 Corporate and Other 25 9 Long-Lived Assets 32,738 30,338 Current assets 10,526 6,649 Investments in and advances to affiliates 1,162 941 Debt service reserves and other deposits 77 194 Goodwill 348 348 Other intangible assets 1,928 2,243 Deferred income taxes 421 396 Other noncurrent assets, excluding right-of-use assets for operating leases 2,209 2,879 Noncurrent held-for-sale assets 670 811 Total Assets $ 50,079 $ 44,799

Earnings Per Share EPS Policy (

Earnings Per Share EPS Policy (Policies)	9 Months Ended
	Sep. 30, 2024
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_2

Financial Statement Presentation New Accounting Standards (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 condensed 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 condensed 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 2023-07 Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures The amendments in this section are designed to improve the disclosures related to segment reporting on an interim and annual basis. Public companies must disclose significant segment expenses and an amount for other segment items. This will also require that a company disclose its annual disclosures under Topic 280 in each interim period. Furthermore, companies will need to disclose the Chief Operating Decision Maker (“CODM”) and how the CODM assesses the performance of a segment. Lastly, public companies that have a single reportable segment must report the required disclosures under Topic 280. The amendments in this Update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. This ASU only affects disclosures, which will be provided when the amendment becomes effective. 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures The amendments in this Update require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. Furthermore, companies are required to disclose a disaggregated amount of income taxes paid at a federal, state, and foreign level as well as a breakdown of income taxes paid in an jurisdiction that comprises 5% of a company's total income taxes paid. Lastly, this ASU requires that companies disclose income (loss) from continuing operations before income tax at a domestic and foreign level and that companies disclose income tax expense from continuing operations on a federal, state, and foreign level. The amendments in this Update are effective for fiscal years beginning after December 15, 2024 This ASU only affects disclosures, which will be provided when the amendment becomes effective.
New Accounting Pronouncements Adopted	New Accounting Pronouncements Adopted in 2024 — The following table provides a brief description of recent accounting pronouncements that had an impact on the Company’s condensed 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 condensed consolidated financial statements. New Accounting Standards Adopted ASU Number and Name Description Date of Adoption Effect on the financial statements upon adoption 2022-04, Liabilities - Supplier Finance Programs (Topic 450-50): Disclosure of Supplier Finance Program Obligations This update is to provide additional information and disclosures about an entity’s use of supplier finance programs to see how these programs will affect an entity’s working capital, liquidity, and cash flows. Entities that use supplier finance programs as the buyer party should disclose (1) the key terms of the payment terms and assets pledged as security or other forms of guarantees provided and (2) the unpaid amount outstanding, a description of where those obligations are presented on the balance sheet, and a rollforward of those obligations during the annual period. January 1, 2023, except for the rollforward information, which is effective for fiscal years beginning after December 15, 2023. The ASU only requires disclosures related to the Company's supplier finance programs and does not affect the recognition, measurement, or presentation of supplier finance program obligations on the balance sheet or cash flow statement. The Company adopted the new disclosure requirements in the first quarter of 2023, except for the annual requirement to disclose rollforward information, which the Company expects to adopt and present prospectively beginning in the 2024 annual financial statements.

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
Inventory Balance By Type	The following table summarizes the Company’s inventory balances as of the dates indicated (in millions): September 30, 2024 December 31, 2023 Fuel and other raw materials $ 320 $ 424 Spare parts and supplies 326 288 Total $ 646 $ 712

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2024
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: September 30, 2024 December 31, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets DEBT SECURITIES: Available-for-sale: Certificates of deposit (1) $ — $ 295 $ — $ 295 $ — $ 360 $ — $ 360 Government debt securities — 3 — 3 — — — — Total debt securities — 298 — 298 — 360 — 360 EQUITY SECURITIES: Mutual funds 52 — — 52 46 — — 46 Common stock 4 — — 4 — — — — Total equity securities 56 — — 56 46 — — 46 DERIVATIVES: Interest rate derivatives — 131 — 131 — 182 2 184 Cross-currency derivatives — 10 — 10 — — — — Foreign currency derivatives — 34 56 90 — 15 59 74 Commodity derivatives — 525 3 528 — 127 1 128 Total derivatives — assets (2) — 700 59 759 — 324 62 386 TOTAL ASSETS $ 56 $ 998 $ 59 $ 1,113 $ 46 $ 684 $ 62 $ 792 Liabilities Contingent consideration $ — $ — $ 163 $ 163 $ — $ — $ 165 $ 165 DERIVATIVES: Interest rate derivatives — 164 4 168 — 102 6 108 Cross-currency derivatives — 11 — 11 — 63 — 63 Foreign currency derivatives — 17 — 17 — 19 — 19 Commodity derivatives — 399 76 475 — 145 111 256 Total derivatives — liabilities (2) — 591 80 671 — 329 117 446 TOTAL LIABILITIES $ — $ 591 $ 243 $ 834 $ — $ 329 $ 282 $ 611 _____________________________ (1) Includes $292 million reported in Current held-for-sale assets on the Condensed Consolidated Balance Sheets related to AES Brasil as of September 30, 2024. (2) Includes $234 million of derivative assets reported in Current held-for-sale assets and $236 million of derivative liabilities reported in Current held-for-sale liabilities on the Condensed Consolidated Balance Sheets related to AES Brasil as of September 30, 2024.
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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Gross proceeds from sale of available-for-sale securities $ 189 $ 308 $ 683 $ 1,047
Fair Value, Net Derivative Assets (Liabilities) measured on a recurring basis, Unobservable Input Reconciliation Table	The following tables present a reconciliation of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the three and nine months ended September 30, 2024 and 2023 (derivative balances are presented net), 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. Derivative Assets and Liabilities Three Months Ended September 30, 2024 Interest Rate Foreign Currency Commodity Contingent Consideration Total Balance at July 1, 2024 $ (2) $ 60 $ (71) $ (162) $ (175) Total realized and unrealized gains (losses): Included in earnings — 5 — (8) (3) Included in other comprehensive income (loss) — derivative activity (2) 1 (1) — (2) Settlements — (10) (1) 7 (4) Balance at September 30, 2024 $ (4) $ 56 $ (73) $ (163) $ (184) 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 $ — $ (3) $ — $ — $ (3) Derivative Assets and Liabilities Three Months Ended September 30, 2023 Interest Rate Foreign Currency Commodity Contingent Consideration Total Balance at July 1, 2023 $ (1) $ 63 $ (78) $ (274) $ (290) Total realized and unrealized gains (losses): Included in earnings — (6) (3) (1) (10) Included in other comprehensive income (loss) — derivative activity 5 (2) 7 — 10 Acquisitions — — — 3 3 Settlements — (9) (2) 5 (6) Transfers of assets, net out of Level 3 (4) — — — (4) Balance at September 30, 2023 $ — $ 46 $ (76) $ (267) $ (297) 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 $ — $ (13) $ (3) $ (1) $ (17)
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 September 30, 2024 (in millions, except range amounts): Type of Derivative Fair Value Unobservable Input Amount or Range (Average) Interest rate $ (4) Subsidiary credit spread 0.8% to 3.2% (2.3%) Foreign currency: Argentine peso 56 Argentine peso to U.S. dollar currency exchange rate after one year 1,254 to 1,456 (1,351) Commodity: CAISO energy swap (75) Forward energy prices per MWh after 2030 $11.85 to $132.09 ($65.40) Other 2 Total $ (21)
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: September 30, 2024 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 Assets: Accounts receivable — noncurrent (1) $ 97 $ 166 $ — $ — $ 166 Liabilities: Non-recourse debt 22,483 23,150 — 20,919 2,231 Recourse debt 6,549 6,459 — 6,459 — December 31, 2023 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 Assets: Accounts receivable — noncurrent (1) $ 193 $ 239 $ — $ — $ 239 Liabilities: Non-recourse debt 22,144 22,174 — 20,676 1,498 Recourse debt 4,464 4,210 — 4,210 — _____________________________ (1) These amounts primarily relate to the sale of the Redondo Beach land, the amounts impacted by the Stabilization Funds enacted by the Chilean government, and for December 31, 2023 only, the receivables under the Warrior Run PPA termination agreement. These are included in Other noncurrent assets in the accompanying Condensed Consolidated Balance Sheets. See Note 5— Financing Receivables for further information.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024, 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 $ 10,010 2059 Cross-currency swaps (Brazilian real) 404 2026 Foreign currency: Brazilian real 392 2026 Chilean peso 165 2027 Mexican peso 112 2025 Euro 95 2026 Colombian peso 41 2026 Commodity Derivatives Maximum Notional Latest Maturity Natural Gas (in MMBtu) 213 2029 Power (in MWhs) 51 2040 Coal (in Metric Tons) 11 2027
Derivative Assets Liabilities At Fair Value Net By Balance Sheet Classification And Type Table	The following tables present the fair value of the Company’s derivative assets and liabilities as of the dates indicated (in millions): Fair Value September 30, 2024 December 31, 2023 Assets Designated Not Designated Total Designated Not Designated Total Interest rate derivatives $ 131 $ — $ 131 $ 184 $ — $ 184 Cross-currency derivatives 10 — 10 — — — Foreign currency derivatives 21 69 90 23 51 74 Commodity derivatives 1 527 528 — 128 128 Total assets (1) $ 163 $ 596 $ 759 $ 207 $ 179 $ 386 Liabilities Interest rate derivatives $ 168 $ — $ 168 $ 108 $ — $ 108 Cross-currency derivatives 11 — 11 63 — 63 Foreign currency derivatives 9 8 17 5 14 19 Commodity derivatives 78 397 475 107 149 256 Total liabilities (1) $ 266 $ 405 $ 671 $ 283 $ 163 $ 446 September 30, 2024 December 31, 2023 Fair Value Assets Liabilities Assets Liabilities Current $ 531 $ 363 $ 216 $ 152 Noncurrent 228 308 170 294 Total (1) $ 759 $ 671 $ 386 $ 446 _____________________________ (1) Includes $234 million of derivative assets reported in Current held-for-sale assets and $236 million of derivative liabilities reported in Current held-for-sale liabilities on the Condensed Consolidated Balance Sheets related to AES Brasil as of September 30, 2024.
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 on the Company’s derivative instruments for the periods indicated (in millions): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Cash flow hedges Gains (losses) recognized in AOCL Interest rate derivatives $ (337) $ 358 $ 3 $ 380 Foreign currency derivatives 10 (18) — (6) Commodity derivatives 1 7 29 (20) Total $ (326) $ 347 $ 32 $ 354 Gains (losses) reclassified from AOCL into earnings Interest rate derivatives $ 2 $ (2) $ (28) $ 47 Foreign currency derivatives 1 (1) 3 (4) Commodity derivatives — 4 — 17 Total $ 3 $ 1 $ (25) $ 60 Gains (losses) on fair value hedging relationship Cross-currency derivatives $ 4 $ 29 $ (2) $ (57) Hedged items 4 1 (1) 54 Total $ 8 $ 30 $ (3) $ (3) Gains reclassified from AOCL to earnings due to change in forecast $ — $ — $ 11 $ 14 Gains (losses) recognized in earnings Not designated as hedging instruments: Interest rate derivatives $ — $ — $ 1 $ — Foreign currency derivatives (12) 3 46 3 Commodity derivatives and other 65 74 158 265 Total $ 53 $ 77 $ 205 $ 268
Fair Value Measurements, Recurring and Nonrecurring	The following table summarizes our major categories of asset groups 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 Nine Months Ended September 30, 2024 Level 1 Level 2 Level 3 Held-for-sale businesses: (2) Mong Duong 3/31/2024 $ 450 $ — $ 413 $ — $ 37 AES Brasil (3) 5/15/2024 1,556 — 1,352 — 217 Mong Duong (5) 6/30/2024 390 — 389 — 6 AES Brasil (4) 9/30/2024 1,351 — 1,313 — 60 Mong Duong (5) 9/30/2024 407 — 400 — 11 Measurement Date Carrying Amount (1) Fair Value Nine Months Ended September 30, 2023 Level 1 Level 2 Level 3 Pre-tax Loss Long-lived asset groups held and used: Norgener (6) 5/1/2023 $ 196 $ — $ — $ 24 $ 137 GAF Projects (AES Renewable Holdings) 5/31/2023 29 — — 11 18 TEG 7/31/2023 170 — — 93 77 TEP 7/31/2023 153 — — 94 59 Held-for-sale businesses: (2) Jordan (7) 3/31/2023 $ 179 $ — $ 170 $ — $ 14 Jordan (7) 6/30/2023 179 — 170 — 15 Jordan (7) 9/30/2023 178 — 170 — 14 _____________________________ (1) Represents the carrying values of the asset groups at the dates of measurement, before fair value adjustment. (2) See Note 18— Held-for-Sale and Dispositions for further information. (3) The pre-tax loss recognized was calculated using the fair value of the AES Brasil disposal group less costs to sell of $13 million. For purposes of the impairment analysis, the Company used the carrying value of the disposal group as of April 30, 2024. A subsequent impairment analysis was performed as of June 30, 2024 and no additional impairment was identified. (4) The pre-tax loss recognized was calculated using the fair value of the AES Brasil disposal group less costs to sell of $22 million. (5) The pre-tax loss recognized was calculated using the fair value of the Mong Duong disposal group less costs to sell of $5 million for both the June 30, 2024 and September 30, 2024 measurement dates. (6) The Norgener asset group includes long-lived assets, inventory, land, and other working capital, however per ASC 360-10, the pre-tax impairment expense is limited to the carrying amount of the long-lived assets. See Note 16— Asset Impairment Expense for further information. The Company evaluated the carrying amount of the assets outside the scope of ASC 360-10 and determined that the carrying value of the other assets should not be reduced. (7) The pre-tax loss recognized was calculated using the fair value of the Jordan disposal group less costs to sell of $5 million, $6 million, and $6 million for the March 31, 2023, June 30, 2023, and September 30, 2023 measurement dates, respectively. 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 nine months ended September 30, 2023 (in millions, except range amounts): Nine Months Ended September 30, 2023 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) Long-lived asset groups held and used: TEP $ 94 Discounted cash flow Annual revenue growth (31)% to 6% (-2%) Annual variable margin 22% to 37% (26%) Discount rate 14% to 25% (14%) TEG 93 Discounted cash flow Annual revenue growth (7)% to 9% (0%) Annual variable margin 14% to 33% (20%) Discount rate 14% to 25% (14%) Norgener (1) 24 Discounted cash flow Annual revenue growth (90)% to 994% (85%) Annual variable margin (75)% to 276% (16%) GAF Projects (AES Renewable Holdings) 11 Discounted cash flow Annual revenue growth (42)% to 44% (1%) Discount rate 9% Total $ 222 _____________________________ (1) The fair value of the Norgener asset group is mainly related to existing coal inventory not subject to impairment under ASC 360-10.
Fair Value Of Financial Instruments Not Carried At Fair Value [Table Text Block]	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: September 30, 2024 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 Assets: Accounts receivable — noncurrent (1) $ 97 $ 166 $ — $ — $ 166 Liabilities: Non-recourse debt 22,483 23,150 — 20,919 2,231 Recourse debt 6,549 6,459 — 6,459 — December 31, 2023 Carrying Amount Fair Value Total Level 1 Level 2 Level 3 Assets: Accounts receivable — noncurrent (1) $ 193 $ 239 $ — $ — $ 239 Liabilities: Non-recourse debt 22,144 22,174 — 20,676 1,498 Recourse debt 4,464 4,210 — 4,210 — _____________________________ (1) These amounts primarily relate to the sale of the Redondo Beach land, the amounts impacted by the Stabilization Funds enacted by the Chilean government, and for December 31, 2023 only, the receivables under the Warrior Run PPA termination agreement. These are included in Other noncurrent assets in the accompanying Condensed Consolidated Balance Sheets. See Note 5— Financing Receivables for further information.

Financing Receivables (Tables)

Financing Receivables (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Financing Receivables Table	The following table presents long-term financing receivables, excluding lease receivables, by country as of the dates indicated (in millions): September 30, 2024 December 31, 2023 Gross Receivable Allowance Net Receivable Gross Receivable Allowance Net Receivable U.S. $ 47 $ — $ 47 $ 149 $ — $ 149 Chile 41 — 41 33 — 33 Other 9 — 9 11 — 11 Total (1) $ 97 $ — $ 97 $ 193 $ — $ 193 _____________________________ (1) Mong Duong loan receivable, which was classified in held-for-sale assets on the Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023, is excluded from the table above. See Note 14— Revenue for further information.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Non-recourse debt [Table Text Block]	During the nine months ended September 30, 2024, the Company’s following subsidiaries had significant debt issuances (in millions): Subsidiary Issuances (1) AES Clean Energy $ 1,760 AES Indiana (2) 1,350 AES Andes 1,191 _____________________________ (1) These amounts do not include revolving credit facility activity at the Company’s subsidiaries. (2) Issuances relate to both AES Indiana and its parent company, IPALCO.
Debt In Default	The following table summarizes the Company’s subsidiary non-recourse debt in default (in millions) as of September 30, 2024. Due to the defaults, these amounts are included in the current portion of non-recourse debt unless otherwise indicated: Subsidiary Primary Nature of Default Debt in Default Net Assets (Liabilities) AES Puerto Rico Payment $ 174 $ (122) AES Mexico Generation Holdings (TEG and TEP) Covenant 127 29 AES Ilumina (Puerto Rico) Covenant 23 30 AES Jordan Solar Covenant 6 11 Lafayette Solar (AES Clean Energy Development) (1) Covenant — 1 Total $ 330 ____________________________ (1) Debt in default at Lafayette Solar (AES Clean Energy Development) is less than $1 million.

Investments In and Advances To

Investments In and Advances To Affiliates (Tables)	9 Months Ended
	Sep. 30, 2024
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Investments In and Advances to Affiliates Financial Information	The following table summarizes financial information of the Company’s 50%-or-less-owned affiliates that are accounted for using the equity method (in millions): 50%-or-less Owned Affiliates Majority-Owned Unconsolidated Subsidiaries Nine Months Ended September 30, 2024 2023 2024 2023 Revenue $ 2,067 $ 2,089 $ 1 $ 1 Operating income (loss) 48 (21) (1) (1) Net loss (143) (129) (1) (1) Net loss attributable to affiliates (64) (111) (1) (1)

Contingencies and Commitments (

Contingencies and Commitments (Tables)	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule Of Contingent Contractual Obligations [Table Text Block]	The following table summarizes the Parent Company’s contingent contractual obligations as of September 30, 2024. 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 Maximum Exposure (in millions) Number of Agreements Maximum Exposure Range for Each Agreement (in millions) Guarantees and commitments $ 4,287 90 <$1 — 970 Letters of credit under bilateral agreements 290 8 $11 — 58 Letters of credit under the unsecured credit facilities 237 32 <$1 — 70 Letters of credit under the revolving credit facility 24 8 <$1 — 6 Surety bonds 2 2 <$1 — 1 Total $ 4,840 140

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
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, recognized in Revenue on the Condensed Consolidated Statements of Operations for the periods indicated (in millions): Three Months Ended September 30, Nine Months Ended September 30, Operating Lease Revenue 2024 2023 2024 2023 Non-variable lease revenue $ 90 $ 111 $ 327 $ 336 Variable lease revenue 19 22 50 54 Total lease revenue $ 109 $ 133 $ 377 $ 390
Sales-type Lease, Lease Income [Table Text Block]	The following table shows the future lease receipts as of September 30, 2024 for the remainder of 2024 through 2028 and thereafter (in millions): Future Cash Receipts for Sales-Type Leases Operating Leases 2024 $ 11 $ 84 2025 40 335 2026 40 221 2027 40 123 2028 40 — Thereafter 646 1 Total $ 817 $ 764 Less: Imputed interest (361) Present value of total lease receipts $ 456
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 on the Condensed Consolidated Balance Sheets as of the dates indicated (in millions): Property, Plant and Equipment, Net September 30, 2024 December 31, 2023 Gross assets $ 1,209 $ 1,227 Less: Accumulated depreciation (216) (182) Net assets $ 993 $ 1,045

Redeemable Stocks of Subsidia_2

Redeemable Stocks of Subsidiaries (Tables)	9 Months Ended
	Sep. 30, 2024
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 dates indicated (in millions): September 30, 2024 December 31, 2023 IPALCO common stock $ 820 $ 773 AES Clean Energy tax equity partnerships 68 129 Potengi common and preferred stock 17 18 AES Clean Energy Development common stock — 544 Total redeemable stock of subsidiaries $ 905 $ 1,464

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2024
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 nine months ended September 30, 2024 (in millions): Foreign currency translation adjustments, net Change in fair value of derivatives, net Pension adjustments, net Change in fair value option liabilities, net Total Balance at the beginning of the period $ (1,692) $ 204 $ (26) $ — $ (1,514) Other comprehensive income (loss) before reclassifications (102) 4 — 3 (95) Amount reclassified to earnings — 14 — — 14 Other comprehensive income (loss) (102) 18 — 3 (81) Balance at the end of the period $ (1,794) $ 222 $ (26) $ 3 $ (1,595)
Schedule Of Amounts Reclassified Out Of Accumulated Other Comprehensive Income	Reclassifications out of AOCL are presented in the following table. The Company’s accounting policy for releasing the income tax effects from AOCL occurs on a portfolio basis. Amounts for the periods indicated are in millions and those in parentheses indicate debits to the Condensed Consolidated Statements of Operations: AOCL Components Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Derivative gains (losses), net Non-regulated revenue $ — $ — $ — $ (8) Non-regulated cost of sales (1) (1) (2) (2) Interest expense 3 (3) (27) 13 Gain (loss) on disposal and sale of business interests — — — 33 Foreign currency transaction gains (losses) 1 — 3 (3) Income from continuing operations before taxes and equity in earnings of affiliates 3 (4) (26) 33 Income tax expense — — 7 (11) Net equity in losses of affiliates — 5 1 27 Net income (loss) 3 1 (18) 49 Less: Net loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries — 1 4 (4) Net income (loss) attributable to The AES Corporation $ 3 $ 2 $ (14) $ 45

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Revenue By Segment Table	The following tables present financial information by segment for the periods indicated (in millions): Three Months Ended September 30, Nine Months Ended September 30, Total Revenue 2024 2023 2024 2023 Renewables SBU $ 726 $ 708 $ 1,941 $ 1,744 Utilities SBU 961 880 2,730 2,703 Energy Infrastructure SBU 1,623 1,861 4,706 5,239 New Energy Technologies SBU 1 — 1 75 Corporate and Other 33 29 106 96 Eliminations (55) (44) (168) (157) Total Revenue $ 3,289 $ 3,434 $ 9,316 $ 9,700 Three Months Ended September 30, Nine Months Ended September 30, Reconciliation of Adjusted EBITDA (in millions) 2024 2023 2024 2023 Net income $ 210 $ 291 $ 449 $ 461 Income tax expense 103 109 52 179 Interest expense 379 326 1,125 966 Interest income (119) (144) (312) (398) Depreciation and amortization 306 286 926 836 EBITDA $ 879 $ 868 $ 2,240 $ 2,044 Less: Discontinued operations 7 — 7 — Less: Adjustment for noncontrolling interests and redeemable stock of subsidiaries (1) (229) (183) (471) (508) Less: Income tax expense (benefit), interest expense (income) and depreciation and amortization from equity affiliates 30 27 91 93 Interest income recognized under service concession arrangements 16 18 49 54 Unrealized derivatives, equity securities, and financial assets and liabilities losses (gains) (47) 10 (185) 3 Unrealized foreign currency losses 7 97 10 161 Disposition/acquisition losses (gains) (11) 8 8 21 Impairment losses 39 145 179 318 Loss on extinguishment of debt and troubled debt restructuring 1 — 51 1 Adjusted EBITDA $ 692 $ 990 $ 1,979 $ 2,187 _____________________________ (1) The allocation of earnings and losses to tax equity investors from both consolidated entities and equity affiliates is removed from Adjusted EBITDA. Three Months Ended September 30, Nine Months Ended September 30, Adjusted EBITDA 2024 2023 2024 2023 Renewables SBU $ 199 $ 267 $ 443 $ 557 Utilities SBU 223 216 619 526 Energy Infrastructure SBU 299 520 969 1,165 New Energy Technologies SBU (7) (22) (38) (61) Corporate and Other (23) 8 (3) 20 Eliminations 1 1 (11) (20) Adjusted EBITDA $ 692 $ 990 $ 1,979 $ 2,187 The Company uses long-lived assets as its measure of segment assets. Long-lived assets include amounts recorded in Property, plant and equipment, net and right-of-use assets for operating leases recorded in Other noncurrent assets on the Condensed Consolidated Balance Sheets. Long-Lived Assets September 30, 2024 December 31, 2023 Renewables SBU $ 16,463 $ 15,735 Utilities SBU 8,481 7,166 Energy Infrastructure SBU 7,750 7,414 New Energy Technologies SBU 19 14 Corporate and Other 25 9 Long-Lived Assets 32,738 30,338 Current assets 10,526 6,649 Investments in and advances to affiliates 1,162 941 Debt service reserves and other deposits 77 194 Goodwill 348 348 Other intangible assets 1,928 2,243 Deferred income taxes 421 396 Other noncurrent assets, excluding right-of-use assets for operating leases 2,209 2,879 Noncurrent held-for-sale assets 670 811 Total Assets $ 50,079 $ 44,799

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 Renewables SBU Utilities SBU Energy Infrastructure SBU New Energy Technologies SBU Corporate, Other and Eliminations Total Non-Regulated Revenue Revenue from contracts with customers $ 648 $ 23 $ 1,431 $ 1 $ (22) $ 2,081 Other non-regulated revenue (1) 78 1 192 — — 271 Total non-regulated revenue 726 24 1,623 1 (22) 2,352 Regulated Revenue Revenue from contracts with customers — 929 — — — 929 Other regulated revenue — 8 — — — 8 Total regulated revenue — 937 — — — 937 Total revenue $ 726 $ 961 $ 1,623 $ 1 $ (22) $ 3,289 Three Months Ended September 30, 2023 Renewables SBU Utilities SBU Energy Infrastructure SBU New Energy Technologies SBU Corporate, Other and Eliminations Total Non-Regulated Revenue Revenue from contracts with customers $ 672 $ 16 $ 1,655 $ — $ (14) $ 2,329 Other non-regulated revenue (1) 36 1 206 — (1) 242 Total non-regulated revenue 708 17 1,861 — (15) 2,571 Regulated Revenue Revenue from contracts with customers — 855 — — — 855 Other regulated revenue — 8 — — — 8 Total regulated revenue — 863 — — — 863 Total revenue $ 708 $ 880 $ 1,861 $ — $ (15) $ 3,434 Nine Months Ended September 30, 2024 Renewables SBU Utilities SBU Energy Infrastructure SBU New Energy Technologies SBU Corporate, Other and Eliminations Total Non-Regulated Revenue Revenue from contracts with customers $ 1,764 $ 65 $ 4,149 $ 1 $ (62) $ 5,917 Other non-regulated revenue (1) 177 3 557 — — 737 Total non-regulated revenue 1,941 68 4,706 1 (62) 6,654 Regulated Revenue Revenue from contracts with customers — 2,641 — — — 2,641 Other regulated revenue — 21 — — — 21 Total regulated revenue — 2,662 — — — 2,662 Total revenue $ 1,941 $ 2,730 $ 4,706 $ 1 $ (62) $ 9,316 Nine Months Ended September 30, 2023 Renewables SBU Utilities SBU Energy Infrastructure SBU New Energy Technologies SBU Corporate, Other and Eliminations Total Non-Regulated Revenue Revenue from contracts with customers $ 1,654 $ 51 $ 4,717 $ 74 $ (60) $ 6,436 Other non-regulated revenue (1) 90 3 522 1 (1) 615 Total non-regulated revenue 1,744 54 5,239 75 (61) 7,051 Regulated Revenue Revenue from contracts with customers — 2,624 — — — 2,624 Other regulated revenue — 25 — — — 25 Total regulated revenue — 2,649 — — — 2,649 Total revenue $ 1,744 $ 2,703 $ 5,239 $ 75 $ (61) $ 9,700 _______________________________ (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)	9 Months Ended
	Sep. 30, 2024
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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Other Income Gain on remeasurement of contingent consideration (1) $ 14 $ — $ 26 $ — Indexation adjustment of receivables (2) 12 — 12 — AFUDC (US Utilities) 3 5 9 11 Contract termination — — 5 — Gain on commencement of sales-type leases — — 5 — Insurance proceeds — — 5 — Gain on sale and disposal of assets — 1 3 3 Legal settlements — — — 3 Other income 35 6 55 19 Total other income $ 64 $ 12 $ 120 $ 36 Other Expense Loss on commencement of sales-type leases (3) $ — $ — $ 72 $ — Loss on remeasurement of contingent consideration (1) 21 1 27 9 Costs related to troubled debt restructuring (4) — — 20 — Loss on sale and disposal of assets 6 3 14 12 Non-service pension and other postretirement costs 2 2 7 9 Other 2 6 13 8 Total other expense $ 31 $ 12 $ 153 $ 38

Asset Impairment Expense (Table

Asset Impairment Expense (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 AES Brasil $ 60 $ — $ 277 $ — Mong Duong 11 — 54 — Norgener — — — 137 TEG — 77 — 77 TEP — 59 — 59 Jordan — 14 — 43 GAF Projects (AES Renewable Holdings) — — — 18 Other 8 8 24 18 Total $ 79 $ 158 $ 355 $ 352

Held-for-Sale and Disposition_2

Held-for-Sale and Dispositions (Tables)	9 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	Excluding any impairment charges, pre-tax income and pre-tax income attributable to AES of businesses held-for-sale as of September 30, 2024 was as follows: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2024 2023 2024 2023 Pre-tax income of businesses held-for-sale: Mong Duong $ 23 $ 20 $ 63 $ 74 AES Brasil 25 28 13 80 Total pre-tax income of businesses held-for-sale $ 48 $ 48 $ 76 $ 154 Pre-tax income attributable to AES of businesses held-for-sale: Mong Duong $ 10 $ 8 $ 27 $ 32 AES Brasil 11 12 4 34 Total pre-tax income attributable to AES of of businesses held-for-sale $ 21 $ 20 $ 31 $ 66

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share Basic And Diluted Table	The following table is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for income from continuing operations for the three and nine months ended September 30, 2024 and 2023, where income represents the numerator and weighted average shares represent the denominator. Three Months Ended September 30, 2024 2023 (in millions, except per share data) Income Shares $ per Share Income Shares $ per Share BASIC EARNINGS PER SHARE Income from continuing operations attributable to The AES Corporation common stockholders $ 509 711 $ 0.72 $ 231 670 $ 0.34 EFFECT OF DILUTIVE SECURITIES Stock options — — — — — — Restricted stock units — 2 — — 2 — Equity units — — — — 40 (0.02) DILUTED EARNINGS PER SHARE $ 509 713 $ 0.72 $ 231 712 $ 0.32 Nine Months Ended 2024 2023 (in millions, except per share data) Income Shares $ per Share Income Shares $ per Share BASIC EARNINGS PER SHARE Income from continuing operations attributable to The AES Corporation common stockholders $ 1,126 704 $ 1.60 $ 343 669 $ 0.51 EFFECT OF DILUTIVE SECURITIES Stock options — — — — 1 — Restricted stock units — 2 — — 2 — Equity units — 7 (0.02) 1 40 (0.03) DILUTED EARNINGS PER SHARE $ 1,126 713 $ 1.58 $ 344 712 $ 0.48

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Credit Loss [Abstract]
Accounts Receivable, Allowance for Credit Loss	The following table represents the rollforward of the allowance for credit losses for the periods indicated (in millions): Nine Months Ended September 30, 2024 Accounts Receivable Mong Duong Loan Receivable (1) Argentina Receivables Other (2) Total CECL reserve balance at beginning of period $ 15 $ 26 $ 7 $ 16 $ 64 Current period provision 22 — — 5 27 Write-offs charged against allowance (5) — — (8) (13) Recoveries collected 1 (2) — — (1) Foreign exchange (1) — (1) (1) (3) CECL reserve balance at end of period $ 32 $ 24 $ 6 $ 12 $ 74 Nine Months Ended September 30, 2023 Accounts Receivable Mong Duong Loan Receivable Argentina Receivables Lease Receivable (3) Other Total CECL reserve balance at beginning of period $ 4 $ 28 $ 31 $ 20 $ 1 $ 84 Current period provision 14 — — — 11 25 Write-offs charged against allowance (12) — — (20) — (32) Recoveries collected 2 (2) — — — — Foreign exchange — — (15) — — (15) CECL reserve balance at end of period $ 8 $ 26 $ 16 $ — $ 12 $ 62 _____________________________ (1) Mong Duong loan receivable credit losses allowance was classified in held-for-sale assets on the Condensed Consolidated Balance Sheet as of September 30, 2024. (2) Primarily relates to credit losses allowance at AES Brasil which was classified in held-for-sale assets on the Condensed Consolidated Balance Sheet as of September 30, 2024. (3) Lease receivable credit losses allowance at Southland Energy (AES Gilbert).

Financial Statement Presentat_3

Financial Statement Presentation New Accounting Pronouncement Adopted (Details) $ in Millions	1 Months Ended	9 Months Ended
	Oct. 31, 2024 USD ($)	Sep. 30, 2024 USD ($) agreement	Sep. 30, 2023 USD ($) Rate	Dec. 31, 2023 USD ($) Rate	Jun. 30, 2023	Dec. 31, 2022 USD ($)	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and Cash Equivalents, at Carrying Value		$ 1,919		$ 1,426
Restricted Cash and Cash Equivalents, Current		563		370
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		2,559	$ 2,335	1,990		$ 2,087
Accounts Receivable, Allowance for Credit Loss, Current		32		15
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)		27	25
Accounts Receivable, Allowance for Credit Loss, Writeoff		(13)	(32)
Financing Receivable, Allowance for Credit Loss, Recovery		(1)	0
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation		(3)	(15)
Accounts and Financing Receivable, Allowance for Credit Loss		74	62	64		84
Preferred Stock, Value, Issued		0	$ 838	838
Additional Paid in Capital		$ 6,949		6,355
Obligations Number Of Agreements		140
Guarantor Obligations, Maximum Exposure, Undiscounted		$ 4,840
Supplier Finance Program, Obligation		698		974
Investment Tax Credit		351
Proceeds Investment Tax Credits		227
Subsequent Event [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Proceeds Investment Tax Credits	$ 124
Income Tax Benefit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Investment Tax Credit		173
Contribution From Noncontrolling Interest
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Investment Tax Credit		$ 178
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Jordan (IPP1 & IPP4)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Disposal Group Not Discontinued Operation Ownership Interest Sold		26%	24%		49%		26%
Secured Debt [Member] | Standby Letters of Credit [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Obligations Number Of Agreements | agreement		8
Guarantor Obligations, Maximum Exposure, Undiscounted		$ 290
Accounts Payable and Accrued Liabilities | Supplier Finance Program [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Supplier Finance Program, Obligation, Current			$ 447	814
Accounts Payable and Accrued Liabilities | Minimum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Supplier Finance Program, Obligation, Current				1
Accounts Payable and Accrued Liabilities | Maximum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Supplier Finance Program, Obligation, Current			$ 62	$ 69
Accounts Payable and Accrued Liabilities | Weighted Average [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt, Weighted Average Interest Rate | Rate			6.93%	7.51%
Mong Duong Subsidiary [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts Receivable, Allowance for Credit Loss, Current		24	$ 26	$ 26		28
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		(2)	(2)
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation		0	0
Accounts Receivable, Allowance for Credit Loss		24		26
AES Argentina [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts Receivable, Allowance for Credit Loss, Current		6	16	7		31
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		0	0
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation		(1)	(15)
Other Entity [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts Receivable, Allowance for Credit Loss, Current		12	12	16		$ 1
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)		5	11
Accounts Receivable, Allowance for Credit Loss, Writeoff		(8)	0
Financing Receivable, Allowance for Credit Loss, Recovery		0	0
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation		(1)	0
AES Gilbert
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts Receivable, Allowance for Credit Loss, Current			0	$ 20
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)			0
Accounts Receivable, Allowance for Credit Loss, Writeoff			(20)
Financing Receivable, Allowance for Credit Loss, Recovery			0
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation			$ 0
AES Brasil [Domain]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Selling Expense		$ 13

Inventory (Details)

Inventory (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Fuel and other raw materials	$ 320	$ 424
Spare parts and supplies	326	288
Total	$ 646	$ 712

Fair Value (Recurring Measureme

Fair Value (Recurring Measurements) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
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	$ (184)	$ (297)	$ (184)	$ (297)	$ (175)	$ (220)	$ (290)	$ (31)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1,113		1,113			792
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	671		671			446
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(3)	(10)	20	(12)
Fair Value Measurements with Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities			(5)	2
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	(4)	(6)	(12)	(18)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3		(4)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	(3)	(17)	3	(27)
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities	(21)		(21)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3				(1)
Other Asset Impairment Charges	79	158	355	352
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	834		834			611
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases		3	(14)	(215)
Foreign currency translation adjustments, net of income tax benefit of $9, $0, $9, and $0, respectively	36	(44)	(128)	75
AES Brasil [Domain]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-Lived Asset, Held-for-Sale, Fair Value Disclosure	234		234
Disposal Group, Including Discontinued Operation, Liabilities	236		236
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax			22
Fair Value, Recurring
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	(163)	(267)	(163)	(267)	(162)	(165)	(274)	(48)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(8)	(1)	(3)	(9)
Fair Value Measurements with Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities			0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	7	5	19	5
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3		0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	0	(1)	0	(9)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases		3	(14)	(215)
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	295		295			360
Corporate Debt Securities [Member] | Disposal Group, Including Discontinued Operation, Assets, Current
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value						292
US Government Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	3		3			0
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	298		298			360
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	52		52			46
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	56		56			46
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	131		131			184
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	10		10			0
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	90		90			74
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	528		528			128
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	759		759			386
Contingent Consideration Type [Domain]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	163		163			165
Common Stock [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	4		4			0
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	(4)	0	(4)	0	(2)	(4)	(1)	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	168		168			108
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	0	0	0	0
Fair Value Measurements with Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities			0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3		(4)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3				2
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases		0	0	0
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	11		11			63
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	56	46	56	46	60	59	63	64
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	17		17			19
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	5	(6)	19	0
Fair Value Measurements with Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities			0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	(10)	(9)	(28)	(18)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3		0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	(3)	(13)	(3)	(14)
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, Purchases		0	0	0
Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	(73)	(76)	(73)	(76)	$ (71)	(110)	$ (78)	$ (47)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	475		475			256
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	0	(3)	4	(3)
Fair Value Measurements with Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities			(5)	2
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	(1)	(2)	(3)	(5)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3		0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	0	(3)	6	(4)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases		0	0	0
Contingent Consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3				0
Commodity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
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	56		56			46
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	0		0			0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	0		0			0
Level 1 [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	0		0			0
Level 1 [Member] | US Government Debt Securities
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
Level 1 [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	0		0			0
Level 1 [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	52		52			46
Level 1 [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	56		56			46
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, Asset Value	0		0			0
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, Asset Value	0		0			0
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, Asset Value	0		0			0
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, Asset Value	0		0			0
Level 1 [Member] | 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	0		0			0
Level 1 [Member] | Contingent Consideration Type [Domain]
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
Level 1 [Member] | Common Stock [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	4		4			0
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
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
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
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
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	998		998			684
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	591		591			329
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	591		591			329
Level 2 [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	295		295			360
Level 2 [Member] | US Government Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	3		3			0
Level 2 [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	298		298			360
Level 2 [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	0		0			0
Level 2 [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	0		0			0
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, Asset Value	131		131			182
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, Asset Value	10		10			0
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, Asset Value	34		34			15
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, Asset Value	525		525			127
Level 2 [Member] | 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	700		700			324
Level 2 [Member] | Contingent Consideration Type [Domain]
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
Level 2 [Member] | Common Stock [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
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	164		164			102
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	11		11			63
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	17		17			19
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	399		399			145
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	59		59			62
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value	80		80			117
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	243		243			282
Level 3 [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	0		0			0
Level 3 [Member] | US Government Debt Securities
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
Level 3 [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	0		0			0
Level 3 [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	0		0			0
Level 3 [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	0		0			0
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, Asset Value	0		0			2
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, Asset Value	0		0			0
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, Asset Value	56		56			59
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, Asset Value	3		3			1
Level 3 [Member] | 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	59		59			62
Level 3 [Member] | Contingent Consideration Type [Domain]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	163		163			165
Level 3 [Member] | Common Stock [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
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	4		4			6
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
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
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	76		76			$ 111
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)	(2)	10	37	(18)
Other comprehensive income - Derivative activity [Member] | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	0	0	0	0
Other comprehensive income - Derivative activity [Member] | 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)	(2)	5	0	2
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)	1	(2)	6	0
Other comprehensive income - Derivative activity [Member] | Commodity Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	$ (1)	$ 7	$ 31	$ (20)
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			3.20%
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			2.30%

Fair Value Investment in Market

Fair Value Investment in Marketable Securities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Gain Loss On Marketable Securities
Gross proceeds from sales of AFS securities	$ 189	$ 308	$ 683	$ 1,047

Fair Value (Level 3 Reconciliat

Fair Value (Level 3 Reconciliation) (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
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	$ (184)	$ (297)	$ (184)	$ (297)	$ (175)	$ (220)	$ (290)	$ (31)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(3)	(10)	20	(12)
Foreign currency translation adjustments, net of income tax benefit of $9, $0, $9, and $0, respectively	36	(44)	(128)	75
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities	(21)		(21)
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	(4)	(6)	(12)	(18)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3		4
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)	(3)	(17)	3	(27)
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)	(2)	10	37	(18)
Other derivative 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	2		2
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	(4)	0	(4)	0	(2)	(4)	(1)	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	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	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3		4
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3				2
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	0	0	0	0
Interest Rate Contract [Member] | Other comprehensive income - Derivative activity [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	(2)	5	0	2
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	56	46	56	46	60	59	63	64
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	5	(6)	19	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	(10)	(9)	(28)	(18)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3		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)	(3)	(13)	(3)	(14)
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)	1	(2)	6	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	(73)	(76)	(73)	(76)	$ (71)	$ (110)	$ (78)	$ (47)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	0	(3)	4	(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	(1)	(2)	(3)	(5)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3		0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	0	(3)	6	(4)
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)	$ (1)	$ 7	$ 31	(20)
Commodity
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Purchases, Sales, Issues, Settlements [Abstract]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers out of Level 3				$ (1)
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
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Derivative, Forward Exchange Rate	1,254		1,254
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			3.20%
Maximum [Member] | Foreign Exchange
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Derivative, Forward Exchange Rate	1,456		1,456
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			2.30%
Weighted Average [Member] | Foreign Exchange
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Roll Forward]
Derivative, Forward Exchange Rate	1,351		1,351

Fair Value (Quantitative Inform

Fair Value (Quantitative Information) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Fair Value Inputs Quantitative Information [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	$ (184)	$ (297)	$ (184)	$ (297)	$ (175)	$ (220)	$ (290)	$ (31)
Fair Value Derivative Assets Liabilities Measured On Recurring Basis Unobservable Inputs [Abstract]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	(3)	(10)	20	(12)
Fair Value Measurements With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities	(21)		(21)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	(4)	(6)	(12)	(18)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3		4
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	(3)	(17)	3	(27)
Other comprehensive income - Derivative activity [Member]
Fair Value Derivative Assets Liabilities Measured On Recurring Basis Unobservable Inputs [Abstract]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	(2)	10	37	(18)
Interest Rate Contract [Member]
Fair Value Inputs Quantitative Information [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	(4)	0	(4)	0	(2)	(4)	(1)	0
Fair Value Derivative Assets Liabilities Measured On Recurring Basis Unobservable Inputs [Abstract]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	0	0	0	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	0	0	0	0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3		4
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	0	0	0	0
Interest Rate Contract [Member] | Other comprehensive income - Derivative activity [Member]
Fair Value Derivative Assets Liabilities Measured On Recurring Basis Unobservable Inputs [Abstract]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	(2)	5	0	2
Foreign Exchange Contract [Member]
Fair Value Inputs Quantitative Information [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	56	46	56	46	60	59	63	64
Fair Value Derivative Assets Liabilities Measured On Recurring Basis Unobservable Inputs [Abstract]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	5	(6)	19	0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	(10)	(9)	(28)	(18)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3		0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	(3)	(13)	(3)	(14)
Foreign Exchange Contract [Member] | Other comprehensive income - Derivative activity [Member]
Fair Value Derivative Assets Liabilities Measured On Recurring Basis Unobservable Inputs [Abstract]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	1	(2)	6	0
Commodity Contract [Member]
Fair Value Inputs Quantitative Information [Line Items]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	(73)	(76)	(73)	(76)	$ (71)	$ (110)	$ (78)	$ (47)
Fair Value Derivative Assets Liabilities Measured On Recurring Basis Unobservable Inputs [Abstract]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Earnings	0	(3)	4	(3)
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements	(1)	(2)	(3)	(5)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Liability, Transfers out of Level 3		0
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Period Increase (Decrease)	0	(3)	6	(4)
Commodity Contract [Member] | Other comprehensive income - Derivative activity [Member]
Fair Value Derivative Assets Liabilities Measured On Recurring Basis Unobservable Inputs [Abstract]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Gain (Loss) Included in Other Comprehensive Income (Loss)	$ (1)	$ 7	$ 31	$ (20)
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			3.20%
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			2.30%

Fair Value (Nonrecurring Measur

Fair Value (Nonrecurring Measurements) (Details) $ in Millions	3 Months Ended						6 Months Ended	9 Months Ended			12 Months Ended
	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 ARS ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges	$ 79			$ 158				$ 355		$ 352
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis with Unobservable Inputs	(184)	$ (175)		(297)	$ (290)		$ (290)	(184)		(297)	$ (220)	$ (31)
Corporate, Non-Segment | Corporate Other And Other Eliminations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted EBITDA	(23)			8				(3)			20
Operating Segments [Member] | Renewables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted EBITDA	199			267				443		557
Operating Segments [Member] | Utilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted EBITDA	223			216				619			526
Operating Segments [Member] | Energy Infrastructure
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted EBITDA	299			520				969			1,165
Operating Segments [Member] | New Energy Technologies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Adjusted EBITDA	(7)			(22)				(38)			(61)
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	(73)	(71)		(76)	(78)		(78)	(73)		(76)	$ (110)	$ (47)
Other 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	2							2
Commodity Option
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	(75)							(75)
Jordan (IPP1 & IPP4)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Selling Expense							5			6
Mong Duong held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Selling Expense								5
AES Brasil [Domain]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Selling Expense								13
Weighted Average [Member] | Commodity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Commodity prices									$ 65.40
Maximum [Member] | Commodity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Commodity prices									132.09
Minimum [Member] | Commodity
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, Commodity prices									$ 11.85
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										137
Long Lived Assets Held And Used [Member] | Jordan (IPP1 & IPP4)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges	0			14	15	$ 14		0		43
Long Lived Assets Held And Used [Member] | Norgener
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges	0			0				0		137
Long Lived Assets Held And Used [Member] | AES Renewable Holdings
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges	0			0				0		18
Long Lived Assets Held And Used [Member] | TEP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges										77
Long Lived Assets Held And Used [Member] | TEG
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges										59
Long Lived Assets Held And Used [Member] | Mong Duong held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges	11	6	$ 37
Long Lived Assets Held And Used [Member] | AES Brasil [Domain]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges	60	217
Long Lived Assets Held And Used [Member] | Renewables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Asset Impairment Charges										18
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				196						196
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				24						24
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Jordan (IPP1 & IPP4)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				178	179	179	179			178
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Jordan (IPP1 & IPP4) | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				0	0	0	0			0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Jordan (IPP1 & IPP4) | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				170	170	170	170			170
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Jordan (IPP1 & IPP4) | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				0	$ 0	$ 0	$ 0			0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | TEP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				170						170
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | TEP | 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] | TEP | 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] | TEP | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				93						93
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | TEG
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				153						153
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | TEG | 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] | TEG | 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] | TEG | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				94						94
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Mong Duong held-for-sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring	407	390	450					407
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Mong Duong held-for-sale | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring	0	0	0					0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Mong Duong held-for-sale | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring	400	389	413					400
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Mong Duong held-for-sale | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring	0	0	$ 0					0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | AES Brasil [Domain]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring	1,351	1,556						1,351
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | AES Brasil [Domain] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring	0	0						0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | AES Brasil [Domain] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring	1,313	1,352						1,313
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | AES Brasil [Domain] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring	$ 0	$ 0						$ 0
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Renewables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				29						29
Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member] | Renewables | 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] | Renewables | 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] | Renewables | 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 | Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				222						222
Long Lived Assets held and Used | Estimate of Fair Value Measurement [Member] | Norgener | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				24						24
Long Lived Assets held and Used | Estimate of Fair Value Measurement [Member] | AES Renewable Holdings | 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 | Estimate of Fair Value Measurement [Member] | TEP | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				94						94
Long Lived Assets held and Used | Estimate of Fair Value Measurement [Member] | TEG | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				93						93
Long Lived Assets held and Used | Estimate of Fair Value Measurement [Member] | Renewables | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets Carrying Amount Disclosure Nonrecurring				$ 11						$ 11
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Weighted Average [Member] | Norgener
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								85%	85%
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Weighted Average [Member] | TEP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								(2.00%)	(2.00%)
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Weighted Average [Member] | TEG
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								0%	0%
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Weighted Average [Member] | Renewables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								1%	1%
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Maximum [Member] | Norgener
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								994%	994%
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Maximum [Member] | TEP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								6%	6%
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Maximum [Member] | TEG
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								9%	9%
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Maximum [Member] | Renewables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								44%	44%
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Minimum [Member] | Norgener
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								(90.00%)	(90.00%)
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Minimum [Member] | TEP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								(31.00%)	(31.00%)
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Minimum [Member] | TEG
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								(7.00%)	(7.00%)
Measurement Input, Long-term Revenue Growth Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Minimum [Member] | Renewables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								(42.00%)	(42.00%)
Measurement Input, Discount Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Weighted Average [Member] | TEP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								14%	14%
Measurement Input, Discount Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Weighted Average [Member] | TEG
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								14%	14%
Measurement Input, Discount Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Weighted Average [Member] | Renewables
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								9%	9%
Measurement Input, Discount Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Maximum [Member] | TEP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								25%	25%
Measurement Input, Discount Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Maximum [Member] | TEG
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								25%	25%
Measurement Input, Discount Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Minimum [Member] | TEP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								14%	14%
Measurement Input, Discount Rate [Member] | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Minimum [Member] | TEG
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								14%	14%
Measurement Input, Variable Margin | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Weighted Average [Member] | Norgener
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								16%	16%
Measurement Input, Variable Margin | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Weighted Average [Member] | TEP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								26%	26%
Measurement Input, Variable Margin | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Weighted Average [Member] | TEG
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								20%	20%
Measurement Input, Variable Margin | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Maximum [Member] | Norgener
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								276%	276%
Measurement Input, Variable Margin | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Maximum [Member] | TEP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								37%	37%
Measurement Input, Variable Margin | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Maximum [Member] | TEG
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								33%	33%
Measurement Input, Variable Margin | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Minimum [Member] | Norgener
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								(75.00%)	(75.00%)
Measurement Input, Variable Margin | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Minimum [Member] | TEP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								22%	22%
Measurement Input, Variable Margin | Valuation, Income Approach [Member] | Property, Plant and Equipment [Member] | Minimum [Member] | TEG
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurement Inputs, Nonrecurring								14%	14%

Fair Value (Instruments Not Mea

Fair Value (Instruments Not Measured at Fair Value) (Details) - USD ($) $ in Millions		Sep. 30, 2024	Dec. 31, 2023
Estimate of Fair Value Measurement [Member]
Assets, Fair Value Disclosure [Abstract]
Accounts receivable - noncurrent	[1]	$ 166	$ 239
Liabilities, Fair Value Disclosure [Abstract]
Non-recourse debt, including $1,947 and $1,715, respectively, related to variable interest entities		23,150	22,174
Recourse debt		6,459	4,210
Carrying Amount [Member]
Assets, Fair Value Disclosure [Abstract]
Accounts receivable - noncurrent	[1]	97	193
Liabilities, Fair Value Disclosure [Abstract]
Non-recourse debt, including $1,947 and $1,715, respectively, related to variable interest entities		22,483	22,144
Recourse debt		6,549	4,464
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 $1,947 and $1,715, 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 $1,947 and $1,715, respectively, related to variable interest entities		20,919	20,676
Recourse debt		6,459	4,210
Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Assets, Fair Value Disclosure [Abstract]
Accounts receivable - noncurrent	[1]	166	239
Liabilities, Fair Value Disclosure [Abstract]
Non-recourse debt, including $1,947 and $1,715, respectively, related to variable interest entities		2,231	1,498
Recourse debt		$ 0	$ 0
[1] These amounts primarily relate to the sale of the Redondo Beach land, the amounts impacted by the Stabilization Funds enacted by the Chilean government, and for December 31, 2023 only, the receivables under the Warrior Run PPA termination agreement. These are included in Other noncurrent assets

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Part 1 (Details) € in Millions, R$ in Millions, $ in Millions, $ in Millions, $ in Millions	Sep. 30, 2024 USD ($)	Sep. 30, 2024 BRL (R$)	Sep. 30, 2024 CLP ($)	Sep. 30, 2024 MXN ($)	Sep. 30, 2024 EUR (€)	Sep. 30, 2024 COP ($)	Dec. 31, 2023 USD ($)
Derivative Tables [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ (671,000,000)						$ (446,000,000)
Natural Gas and Natural Gas Liquids [Member]
Derivative Tables [Line Items]
Commodity Contract Asset, Current	213,000,000
Energy [Domain]
Derivative Tables [Line Items]
Commodity Contract Asset, Current	51,000,000
Coal [Member]
Derivative Tables [Line Items]
Commodity Contract Asset, Current	11,000,000
Interest Rate Contract [Member]
Derivative Tables [Line Items]
Derivative Liability, Fair Value, Gross Liability	(168,000,000)						(108,000,000)
Interest Rate Contract [Member] | Libor and Euribor [Member]
Derivative Tables [Line Items]
Derivatives, notional amount	10,010,000,000
Cross currency derivatives [Member]
Derivative Tables [Line Items]
Derivative Liability, Fair Value, Gross Liability	(11,000,000)						(63,000,000)
Derivatives, notional amount | R$		R$ 404
Foreign Exchange Contract [Member]
Derivative Tables [Line Items]
Derivative Liability, Fair Value, Gross Liability	(17,000,000)						(19,000,000)
Derivatives, notional amount		R$ 392	$ 165	$ 112	€ 95	$ 41
Commodity Contract [Member]
Derivative Tables [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ (475,000,000)						$ (256,000,000)

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Part 2 (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Liabilities
Derivative Liability, Fair Value, Gross Liability	$ 671	$ 446
Derivative Liabilities, Net	834	611
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	$ 759	$ 386
Derivative Asset, Noncurrent	Other noncurrent assets, net of allowance of $11 and $9, respectively	Other noncurrent assets, net of allowance of $11 and $9, respectively
Derivative Liability, Noncurrent	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Other current assets, net of allowance of $0 and $14, respectively	Other current assets, net of allowance of $0 and $14, respectively
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities, Current	Accrued Liabilities, Current
Designated as Hedging Instruments [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	$ 266	$ 283
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	163	207
Not Designated as Hedging Instruments [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	405	163
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	596	179
Interest Rate Contract [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	168	108
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	131	184
Interest Rate Contract [Member] | Designated as Hedging Instruments [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	168	108
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	131	184
Interest Rate Contract [Member] | Not Designated as Hedging Instruments [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	0	0
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	0	0
Cross currency derivatives [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	11	63
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	10	0
Cross currency derivatives [Member] | Designated as Hedging Instruments [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	11	63
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	10	0
Cross currency derivatives [Member] | Not Designated as Hedging Instruments [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	0	0
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	0	0
Foreign Exchange Contract [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	17	19
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	90	74
Foreign Exchange Contract [Member] | Designated as Hedging Instruments [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	9	5
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	21	23
Foreign Exchange Contract [Member] | Not Designated as Hedging Instruments [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	8	14
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	69	51
Commodity Contract [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	475	256
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	528	128
Commodity Contract [Member] | Designated as Hedging Instruments [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	78	107
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	1	0
Commodity Contract [Member] | Not Designated as Hedging Instruments [Member]
Liabilities
Derivative Liability, Fair Value, Gross Liability	397	149
Derivative Asset, Fair Value, Amount Not Offset Against Collateral [Abstract]
Derivative Assets, Gross	$ 527	$ 128

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Part 3 (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash Flow Hedging [Member]
Derivative Instruments Gain Loss [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 3	$ 1	$ (25)	$ 60
Gain Loss By Type Of Derivative Tables
Gains (Losses) Recognized in Earnings (not designated as hedging instruments)	(326)	347	32	354
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	4	0	17
Gain Loss By Type Of Derivative Tables
Gains (Losses) Recognized in Earnings (not designated as hedging instruments)	1	7	29	(20)
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	1	(1)	3	(4)
Gain Loss By Type Of Derivative Tables
Gains (Losses) Recognized in Earnings (not designated as hedging instruments)	10	(18)	0	(6)
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	(22)		(22)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	2	(2)	(28)	47
Gain Loss By Type Of Derivative Tables
Gains (Losses) Recognized in Earnings (not designated as hedging instruments)	(337)	358	3	380
Loss on Cash Flow Hedges due to change in forecast	0	0	11	14
Fair Value Hedging
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) on Hedging Activity	8	30	(3)	(3)
Fair Value Hedging | Other Contract [Member]
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) on Hedging Activity	4	1	(1)	54
Not Designated as Hedging Instrument [Member]
Gain Loss By Type Of Derivative Tables
Gains (Losses) Recognized in Earnings (not designated as hedging instruments)	53	77	205	268
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)	65	74	158	265
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)	(12)	3	46	3
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)	0	0	1	0
Designated as Hedging Instruments [Member] | Fair Value Hedging
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) on Hedging Activity	$ 4	$ 29	$ (2)	$ (57)

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities Credit Risk-Related Contingent Features (Details) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Derivative [Line Items]
Derivative, Net Liability Position, Aggregate Fair Value	$ 671	$ 446

Financing Receivables (Details)

Financing Receivables (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable Recorded Investment [Line Items]
Financing Receivable, before Allowance for Credit Loss	$ 97		$ 193
Financing Receivable, Allowance for Credit Loss	0		0
Financing receivable	97		193
Accounts Receivable, Allowance for Credit Loss, Current	32		15
Other current assets, net of allowance of $0 and $14, respectively	1,460		1,387
Other noncurrent assets, net of allowance of $11 and $9, respectively	2,593		3,259
Accounts Receivable, after Allowance for Credit Loss, Current	1,868		1,420
Accounts and Financing Receivable, Allowance for Credit Loss	74	$ 62	64	$ 84
Financing Receivable, Sale	267
Warrior Run
Financing Receivable Recorded Investment [Line Items]
Other Receivable, before Allowance for Credit Loss, Noncurrent	108
Accounts and Financing Receivable, Allowance for Credit Loss	7
Chile Renovables SpA
Financing Receivable Recorded Investment [Line Items]
Adjustments to Additional Paid in Capital, Other	(11)	$ (9)
AES Andes
Financing Receivable Recorded Investment [Line Items]
Proceeds from Sale and Collection of Receivables	217
Chile [Member]
Financing Receivable Recorded Investment [Line Items]
Financing Receivable, before Allowance for Credit Loss	41		33
Financing Receivable, Allowance for Credit Loss	0		0
Financing receivable	41		33
Accounts Receivable, before Allowance for Credit Loss	227
Proceeds from Sale and Collection of Receivables	151
Other noncurrent assets, net of allowance of $11 and $9, respectively	36
Accounts Receivable, after Allowance for Credit Loss, Current	7
Other Receivable, before Allowance for Credit Loss, Noncurrent	5
Other Entity [Member]
Financing Receivable Recorded Investment [Line Items]
Financing Receivable, before Allowance for Credit Loss	9		11
Financing Receivable, Allowance for Credit Loss	0		0
Financing receivable	9		11
UNITED STATES
Financing Receivable Recorded Investment [Line Items]
Financing Receivable, before Allowance for Credit Loss	47		149
Financing Receivable, Allowance for Credit Loss	0		0
Financing receivable	$ 47		$ 149

Debt - Recourse Debt (Details)

Debt - Recourse Debt (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Debt Instrument [Line Items]
Borrowings under the revolving credit facilities			$ 5,652	$ 3,939
Loss on extinguishment of debt	$ (1)	$ 0	$ (11)	(1)
Debt defaults at risk of causing cross default	0		0
Bridge Loan due Dec 2023 | Bridge Loan | AES Clean Energy Development
Debt Instrument [Line Items]
Issued senior notes		500		500
Corporate and Other [Member] | Revolving Credit Facility due 2027 | Senior Notes [Member]
Debt Instrument [Line Items]
Issued senior notes	$ 1,500		$ 1,500
Corporate Other And Other Eliminations [Member] | Revolving Credit Facility due 2027
Debt Instrument [Line Items]
Commercial Paper Outstanding Drawings	530		530
Corporate Other And Other Eliminations [Member] | 200 Million Term Loan due September 2024 [Domain] | Senior Notes [Member]
Debt Instrument [Line Items]
Issued senior notes	200		200
Corporate Other And Other Eliminations [Member] | Commercial Paper
Debt Instrument [Line Items]
Commercial Paper Maximum Borrowings		750		750
Commercial Paper Outstanding Borrowings	$ 611		$ 611
Commercial Paper Outstanding, Weighted Average Interest Rate	0.0542		0.0542
Proceeds from Issuance of Commercial Paper			$ 43,700
Repayments of Commercial Paper			43,100
Commercial Paper, Average Outstanding			625
Corporate Other And Other Eliminations [Member] | 900 Million Senior Notes Due 2028 | Senior Notes [Member]
Debt Instrument [Line Items]
Issued senior notes		$ 900		$ 900
Debt Instrument, Interest Rate, Stated Percentage		5.45%		5.45%
Corporate Other And Other Eliminations [Member] | 950 Million Junior Notes Due 2055 | Junior Notes
Debt Instrument [Line Items]
Issued senior notes	$ 950		$ 950
Debt Instrument, Interest Rate, Stated Percentage	7.60%		7.60%

Debt - Non-Recourse Debt Narrat

Debt - Non-Recourse Debt Narrative (Details) $ in Millions	3 Months Ended			9 Months Ended		24 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 14, 2022 USD ($)	Dec. 13, 2022 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt				$ 5,199	$ 1,784
Loss on extinguishment of debt	$ (1)	$ 0		(11)	(1)
Restricted Net Assets	1,100			1,100
Restricted Cash And Debt Service Reserves	441			441		$ 341
Restricted Cash Held for Insurance	116			116		90
Materiality Threshold for Sub Default to Trigger Cross Default	200			200
Clean Energy | Nonrecourse Debt [Member]
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt				1,760
AES Hispanola Holdings BV | Nonrecourse Debt [Member] | 350 Million Credit Agreement Due 2028
Debt Instrument [Line Items]
Loss on extinguishment of debt					1
AES Hispanola Holdings BV | Nonrecourse Debt [Member] | 350 Million Credit Agreement Due 2028 | BID
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt			$ 300
Issued senior notes		$ 350			$ 350
Debt Instrument, Interest Rate, Stated Percentage		8.85%			8.85%
IPL Subsidiary [Member] | Nonrecourse Debt [Member]
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt				1,350
AES Clean Energy Subsidiary | Revolving Credit Facilities, Joint and Several
Debt Instrument [Line Items]
Line of Credit Facility, Increase (Decrease), Net				1,200
Credit Facility, Commitments Used	3,500			3,500
Colon | Nonrecourse Debt [Member] | 350 Million Credit Agreement Due 2028 | BID
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt			$ 50
AES Clean Energy and sPower (co-issuers) | Senior Notes [Member] | 6.55% Senior Notes Due 2047
Debt Instrument [Line Items]
Issued senior notes							$ 647	$ 647
Debt Instrument, Interest Rate, Stated Percentage								6.55%
AES Clean Energy Development | Master Indenture Notes
Debt Instrument [Line Items]
Line of Credit Facility, Increase (Decrease), Net				300
AES Clean Energy Development | Nonrecourse Debt [Member] | Bellefield Financing Agreement due 2026
Debt Instrument [Line Items]
Credit Facility, Commitments Used	$ 1,600			$ 1,600
Credit facility, commitments						2,400
AES Clean Energy Development | Nonrecourse Debt [Member] | AES Clean Energy Development due 2025 [Domain]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.59%			6.59%
Credit Facility, Commitments Used	$ 456			$ 456
AES Clean Energy Development | Senior Notes [Member] | Master Indenture Notes
Debt Instrument [Line Items]
Issued senior notes	552			552
AES Clean Energy and sPower (co-borrowers) | Revolving Credit Facilities, Joint and Several
Debt Instrument [Line Items]
Issued senior notes	3,800			3,800					$ 1,200
Line of Credit Facility, Increase (Decrease), Net						$ 2,600
Credit Facility, Commitments Used	3,700			3,700
AES Clean Energy and sPower (co-borrowers) | Senior Notes [Member] | Master Indenture Notes
Debt Instrument [Line Items]
Issued senior notes	1,400			1,400
AES Clean Energy and sPower (co-borrowers) | Senior Notes [Member] | 6.81% Senior Notes Due 2047
Debt Instrument [Line Items]
Issued senior notes	$ 491			$ 491
Debt Instrument, Interest Rate, Stated Percentage	6.81%			6.81%
AES Puerto Rico | Nonrecourse Debt [Member] | PR Series A Bond due 2026
Debt Instrument [Line Items]
Issued senior notes	$ 156			$ 156
Debt Instrument, Interest Rate, Stated Percentage	6.625%			6.625%
Preferred Shares Conversion Option				0.999
AES Puerto Rico | Nonrecourse Debt [Member] | PR Senior Secured Bonds due 2028
Debt Instrument [Line Items]
Issued senior notes	$ 112			$ 112
Debt Instrument, Interest Rate, Stated Percentage	6.625%			6.625%
AES Puerto Rico | Nonrecourse Debt [Member] | Preferred Shares in AES Guayama Holdings
Debt Instrument [Line Items]
Issued senior notes	$ 44			$ 44
Debt Instrument, Interest Rate, Stated Percentage	3.125%			3.125%
AES Puerto Rico | Nonrecourse Debt [Member] | PR Bridge Loan due 2026
Debt Instrument [Line Items]
Issued senior notes	$ 23			$ 23
Debt Instrument, Basis Spread on Variable Rate				4%
AES Indiana | Nonrecourse Debt [Member] | AES Indiana FM Bonds due 2054
Debt Instrument [Line Items]
Issued senior notes	$ 650			$ 650
Debt Instrument, Interest Rate, Stated Percentage	5.70%			5.70%
AES Indiana | Nonrecourse Debt [Member] | IPALCO Notes due 2034
Debt Instrument [Line Items]
Issued senior notes	$ 400			$ 400
Debt Instrument, Interest Rate, Stated Percentage	5.75%			5.75%
AES Indiana | Nonrecourse Debt [Member] | IPL Term Loan Due 2024
Debt Instrument [Line Items]
Repayments of Debt				$ 300
AES Indiana | Nonrecourse Debt [Member] | AES Indiana Credit Agreement due 2027
Debt Instrument [Line Items]
Repayments of Debt				$ 350
AES Indiana | Nonrecourse Debt [Member] | IPALCO Senior Notes due 2025
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.70%			3.70%
Repayments of Debt				$ 405
AES Andes | Nonrecourse Debt [Member]
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt				1,191
AES Andes | Nonrecourse Debt [Member] | Andes Senior Notes due 2029
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt				$ 500
Debt Instrument, Interest Rate, Stated Percentage	6.30%			6.30%
AES Andes | Nonrecourse Debt [Member] | Andes Senior Unsecured Notes due 2079
Debt Instrument [Line Items]
Redeemed notes				$ 100
AES Andes | Nonrecourse Debt [Member] | Andes Senior Unsecured Notes due 2025
Debt Instrument [Line Items]
Redeemed notes				43
AES Andes | Nonrecourse Debt [Member] | Andes Junior Notes due 2055
Debt Instrument [Line Items]
Proceeds From Issuance Of Nonrecourse Debt				$ 530
Debt Instrument, Interest Rate, Stated Percentage	8.15%			8.15%
AES Andes | Nonrecourse Debt [Member] | 7.125% Senior notes due 2079
Debt Instrument [Line Items]
Loss on extinguishment of debt				$ (8)
AES Andes | Senior Notes [Member] | 6.35% Senior notes due 2079
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	6.35%			6.35%
AES Andes | Senior Notes [Member] | 5.00% Senior notes due 2025
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	5%			5%
AES Andes | Senior Notes [Member] | 7.125% Senior notes due 2079
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	7.125%			7.125%

Debt - Subsidiary Non-recourse

Debt - Subsidiary Non-recourse Debt in Default or Accelerated (Details) $ in Millions	Sep. 30, 2024 USD ($)
Nonrecourse Debt Default [Line Items]
Debt Default Amount	$ 330
Materiality threshold for cash distribution from business to Parent	20%
Debt defaults at risk of causing cross default	0
Covenant Violation [Member] | AES llumina [Member]
Nonrecourse Debt Default [Line Items]
Debt Default Amount	$ 23
Net Assets	(30)
Covenant Violation [Member] | Jordan (IPP1 & IPP4)
Nonrecourse Debt Default [Line Items]
Debt Default Amount	6	[1]
Net Assets	(11)	[1]
Covenant Violation [Member] | AES Mexico Generation Holdings
Nonrecourse Debt Default [Line Items]
Debt Default Amount	127
Net Assets	(29)
Covenant Violation [Member] | Lafayette Solar
Nonrecourse Debt Default [Line Items]
Debt Default Amount	0
Net Assets	(1)
Covenant Violation [Member] | AES Puerto Rico
Nonrecourse Debt Default [Line Items]
Debt Default Amount	174
Net Assets	$ 122
[1] Subsidiary Primary Nature of Default Debt in Default Net Assets (Liabilities) AES Puerto Rico Payment $ 174 $ (122) AES Mexico Generation Holdings (TEG and TEP) Covenant 127 29 AES Ilumina (Puerto Rico) Covenant 23 30 AES Jordan Solar Covenant 6 11 Lafayette Solar (AES Clean Energy Development) (1) Covenant — 1 Total $ 330 ____________________________ (1) Debt in default at Lafayette Solar (AES Clean Energy Development) is less than $1 million.

Investments In and Advances T_2

Investments In and Advances To Affiliates (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended			9 Months Ended
	Feb. 28, 2023	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Mar. 04, 2021
Minority Owned Affiliates [Member]
Investments in and Advances to Affiliates [Line Items]
Revenue					$ 2,067	$ 2,089
Operating income (loss)					48	(21)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest					(143)	(129)
Net Income (Loss) attributable to affiliates					(64)	(111)
Noncash or Part Noncash Divestiture, Amount of Consideration Received					14	215
Revenue		$ 3,289		$ 3,434	9,316	9,700
Operating income (loss)		722		918	1,894	2,010
Gain (Loss) on Disposition of Business		(1)		0	43	(4)
Income (Loss) from Equity Method Investments		$ (9)		$ (14)	(21)	(43)
Contributions and loans to equity affiliates					$ 71	147
Shares Issued, Price Per Share (in dollars per share)		$ 25.73			$ 25.73				$ 25.88
sPower OpCo B
Investments in and Advances to Affiliates [Line Items]
Equity Method Investment, Ownership Percentage	26%							50%
Uplight
Investments in and Advances to Affiliates [Line Items]
Equity Method Investment, Ownership Percentage			24.65%				29.41%
Equity Method Investment, Realized Gain (Loss) on Disposal (less than)			$ 52
Uplight | Schneider [Member]
Investments in and Advances to Affiliates [Line Items]
Equity Method Investment, Purchase Price Agreement			$ 40
Shares, Issued			91
Majority Owned Affiliate [Member]
Investments in and Advances to Affiliates [Line Items]
Revenue					$ 1	1
Operating income (loss)					(1)	(1)
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest					(1)	(1)
Net Income (Loss) attributable to affiliates					$ (1)	$ (1)
sPower OpCo B
Investments in and Advances to Affiliates [Line Items]
Equity Method Investment, Ownership Percentage Sold								49%
Proceeds from Sale of Equity Method Investments	$ 98
Equity Method Investment, Realized Gain (Loss) on Disposal (less than)	5
Equity Method Investment, Amount Sold	$ 196

Contingencies and Commitments_2

Contingencies and Commitments (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($) agreement	Dec. 31, 2023 USD ($)
Schedule Of Contingent Contractual Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 4,840
Number of Agreements	140
Obligations Number Of Agreements	140
Accrual for Environmental Loss Contingencies	$ 2	$ 9
Letters of Credit Outstanding, Amount	1,900
Customary payment guarantees	1,600
Tax equity financing guarantees	996
Subsidiaries
Schedule Of Contingent Contractual Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	2,600
Guarantee Obligations [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 4,287
Number of Agreements	90
Obligations Number Of Agreements	90
Financial Standby Letter of Credit [Member] | Unsecured Debt [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 237
Number of Agreements	32
Obligations Number Of Agreements	32
Financial Standby Letter of Credit [Member] | Secured Debt [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 24
Number of Agreements	8
Obligations Number Of Agreements	8
Surety Bond
Schedule Of Contingent Contractual Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 2
Number of Agreements	2
Obligations Number Of Agreements	2
Standby Letters of Credit [Member] | Secured Debt [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 290
Number of Agreements | agreement	8
Obligations Number Of Agreements | agreement	8
Minimum [Member] | Guarantee Obligations [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 1
Minimum [Member] | Financial Standby Letter of Credit [Member] | Unsecured Debt [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Loss Contingency, Estimate of Possible Loss	1
Minimum [Member] | Financial Standby Letter of Credit [Member] | Secured Debt [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Loss Contingency, Estimate of Possible Loss	$ 1
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	$ 970
Maximum [Member] | Financial Standby Letter of Credit [Member] | Unsecured Debt [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Loss Contingency, Estimate of Possible Loss	70
Maximum [Member] | Financial Standby Letter of Credit [Member] | Secured Debt [Member]
Schedule Of Contingent Contractual Obligations [Line Items]
Loss Contingency, Estimate of Possible Loss	6
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	Sep. 30, 2024	Dec. 31, 2023
Environmental Contingencies
Liability recorded for projected environmental remediation costs	$ 2	$ 9
Litigation [Member]
Litigation Contingencies
Aggregate reserves for claims deemed both probable and reasonably estimable	5	$ 17
Maximum [Member] | Litigation [Member]
Environmental Contingencies
Loss Contingency, Estimate of Possible Loss	80
Maximum [Member] | Financial Standby Letter of Credit [Member] | Line of Credit
Environmental Contingencies
Loss Contingency, Estimate of Possible Loss	58
Minimum [Member] | Litigation [Member]
Environmental Contingencies
Loss Contingency, Estimate of Possible Loss	51
Minimum [Member] | Financial Standby Letter of Credit [Member] | Line of Credit
Environmental Contingencies
Loss Contingency, Estimate of Possible Loss	$ 11

Leases Lessor (Details)

Leases Lessor (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Lessor Disclosure [Abstract]
Variable Lease, Income	$ 19	$ 22	$ 50	$ 54
Operating Lease, Lease Income	109	133	377	390
Lease Income	90	111	327	336
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	646		646
Sales-type and Direct Financing Leases, Lease Receivable, Payments to be Received	817		817
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Five	40		40
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Four	40		40
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Three	40		40
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Two	40		40
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year One	11		11
Sales-type and Direct Financing Leases, Lease Receivables, Gross Difference, Amount [Abstract]
Sales-type and Direct Financing Leases, Lease Receivable	456		456
Sales-type and Direct Financing Leases, Lease Receivable, Undiscounted Excess Amount	(361)		(361)
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Lessor, Operating Lease, Payment to be Received, Year One	84		84
Lessor, Operating Lease, Payment to be Received, Year Two	335		335
Lessor, Operating Lease, Payment to be Received, Year Three	221		221
Lessor, Operating Lease, Payment to be Received, Year Four	123		123
Lessor, Operating Lease, Payment to be Received, Year Five	0		0
Lessor, Operating Lease, Payment to be Received, after Year Five	1		1
Lessor, Operating Lease, Payments to be Received	764		764
Operating Lease, Risk Strategy, Residual Asset	8,505		8,505		$ 8,602
Sales-type Lease, Interest Income	7	$ 3	15	$ 10
Property, Plant and Equipment [Member]
Lessor Disclosure [Abstract]
Operating Lease, Right-of-Use Asset	1,209		1,209		1,227
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Operating Lease, Right-of-Use Asset	1,209		1,209		1,227
Accumulated Amortization on PP&E
Lessor Disclosure [Abstract]
Operating Lease, Right-of-Use Asset	216		216		182
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Operating Lease, Right-of-Use Asset	216		216		182
Assets
Lessor Disclosure [Abstract]
Operating Lease, Right-of-Use Asset	993		993		1,045
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Operating Lease, Right-of-Use Asset	$ 993		993		$ 1,045
AES Andres
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
Sales-type Lease, Selling Profit (Loss)			$ (67)

Redeemable Stocks of Subsidia_3

Redeemable Stocks of Subsidiaries (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Temporary Equity [Line Items]
Redeemable Noncontrolling Interest, Equity, Carrying Amount	$ 905	$ 1,464
Sales to noncontrolling interests	172
AES Clean Energy Development
Temporary Equity [Line Items]
Reclassifications of Temporary to Permanent Equity	577
Clean Energy
Temporary Equity [Line Items]
Reclassifications of Temporary to Permanent Equity	155
IPALCO Enterprises, Inc. [Member]
Temporary Equity [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	820	773
Clean Energy
Temporary Equity [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	0	544
Potengi
Temporary Equity [Line Items]
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount	17	18
AES Clean Energy Development
Temporary Equity [Line Items]
Redeemable Noncontrolling Interest, Equity, Common, Carrying Amount	68	$ 129
CDPQ
Temporary Equity [Line Items]
Temporary Equity, Interest in Subsidiary Earnings	$ 45

Equity (Details)

Equity (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Changes In Equity Disclosure [Line Items]
Preferred Stock, Convertible, Shares Issuable	40,531,845
Preferred Stock, Convertible, Conversion Price			$ 31.70
Sales to Noncontrolling Interests	$ 869	$ 371

Equity Equity Transactions with

Equity Equity Transactions with Noncontrolling Interests (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Contributions from noncontrolling interests				$ 137	$ 63
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 7,639			7,639			$ 5,985
Payments to Noncontrolling Interests				165	173
Chile Renovables SpA
Noncontrolling Interest [Line Items]
Sale of Stock, Consideration Received on Transaction			$ 40		50
Adjustments to Additional Paid in Capital, Other				(11)	(9)
Noncontrolling Interest, Increase from Subsidiary Equity Issuance			51		$ 59
Chile Renovables SpA | Global Infrastructure Management
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		49%			49%
Clean Energy
Noncontrolling Interest [Line Items]
Contributions from noncontrolling interests				599	$ 292
AES Panama
Noncontrolling Interest [Line Items]
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent					23
Noncontrolling Interest, Increase from Subsidiary Equity Issuance					$ 42
AES Panama | Grupo Energia Gas Panama
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		49%			49%
AES Renewable Holdings
Noncontrolling Interest [Line Items]
Adjustments to Additional Paid in Capital, Other	34
Payments to Noncontrolling Interests		$ 45
AES Puerto Rico Solar
Noncontrolling Interest [Line Items]
Sale of Stock, Consideration Received on Transaction				$ 35
Sale of Stock, Percentage of Ownership before Transaction				30%
IPL Subsidiary [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Change in Redemption Value	47
Additional Paid-in Capital [Member]
Noncontrolling Interest [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 6,949	$ 6,449	$ 7,067	$ 6,949	$ 6,449	$ 7,068	$ 6,355	$ 6,550	$ 6,557	$ 6,688

Equity Accumulated Other Compre

Equity Accumulated Other Comprehensive Loss (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent			$ (81,000,000)
Unfunded pension obligation, Net of Tax	$ (26,000,000)		(26,000,000)		$ (26,000,000)
Foreign currency translation adjustment, Net of Tax	(1,794,000,000)		(1,794,000,000)		(1,692,000,000)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(1,595,000,000)		(1,595,000,000)		(1,514,000,000)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax			(95,000,000)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	222,000,000		222,000,000		204,000,000
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			14,000,000
Total foreign currency translation adjustment, net of income tax	36,000,000	$ (44,000,000)	(128,000,000)	$ 75,000,000
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			4,000,000
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			14,000,000
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			18,000,000
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			0
Total pension adjustments, net of income tax			0
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax			(102,000,000)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			0
Total foreign currency translation adjustment, net of income tax			(102,000,000)
Accumulated Gain (Loss), Financial Liability, Fair Value Option, Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax			3,000,000
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			0
Total pension adjustments, net of income tax			3,000,000
Accumulated Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax	$ 3,000,000		$ 3,000,000		$ 0

Equity Reclassifications Out of

Equity Reclassifications Out of AOCL (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Reclassifications Out Of Accumulated Other Comprehensive Income [Line Items]
Cost of Goods and Services Sold	$ (2,567)	$ (2,516)	$ (7,422)	$ (7,690)
General and Administrative Expense	(57)	(64)	(198)	(191)
Other expense	(31)	(12)	(153)	(38)
Interest expense	(379)	(326)	(1,125)	(966)
Gain (loss) on disposal and sale of business interests	(1)	0	43	(4)
Impairment expense			(355)	(358)
Foreign currency transaction gains (losses)	(28)	(100)	2	(209)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES	329	414	529	683
Income tax expense	(103)	(109)	(52)	(179)
Income (Loss) from Equity Method Investments	(9)	(14)	(21)	(43)
INCOME FROM CONTINUING OPERATIONS	217	291	456	461
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	(7)	0	(7)	0
Net income	210	291	449	461
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION	502	231	1,119	343
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			14
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 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	0	(8)
Cost of Goods and Services Sold	(1)	(1)	(2)	(2)
Interest expense	3	(3)	(27)	13
Gain (loss) on disposal and sale of business interests	0	0	0	33
Foreign currency transaction gains (losses)	1	0	3	(3)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES	3	(4)	(26)	33
Income tax expense	0	0	7	(11)
Income (Loss) from Equity Method Investments	0	5	1	27
Net income	3	1	(18)	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	0	1	4	(4)
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			14
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	$ 3	$ 2	(14)	$ 45
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			$ 0

Equity Common Stock Dividends (

Equity Common Stock Dividends (Details) - $ / shares		3 Months Ended
	Oct. 11, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023
Common Stock, Dividends, Per Share, Cash Paid		$ 0.1725	$ 0.1725	$ 0.1725
Common Stock, Dividends, Per Share, Declared		$ 0.1725	$ 0.1725		$ 0.1659	$ 0.1659
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared	$ 0.1725

Equity Units (Details)

Equity Units (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2022	Mar. 04, 2021
Equity Units Disclosure [Line Items]
Accretion Expense	$ 5
Equity Unit, Shares Issued (in shares)				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	57,467,883
Shares Issued, Price Per Share (in dollars per share)		$ 25.73			$ 25.88
Forward Contract Indexed to Issuer's Equity, Maximum Settlement Rate	3.864	3.8859
Forward Contract Indexed to Issuer's Equity, Present Value of Interest Payments	$ 205
Corporate Unit, Notional Value	1,043			$ 1,043
Preferred Stock, Value, Issued	838	$ 0	$ 838
Preferred Stock, Convertible, Conversion Price				$ 31.70
Preferred Stock , Convertible, Initial Conversion Rate				$ 31.5428
Preferred Stock, Beneficial Ownership Interest in One Share				10%
Corporate Equity Unit, Stated Value per Share (in dollars 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		9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Total Revenue	$ 3,289	$ 3,434	$ 9,316	$ 9,700
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	329	414	$ 529	683
Net equity in losses of affiliates	(9)	(14)	(21)	(43)
Impairment losses	(39)	(145)	(179)	(318)
Assets
Long-Lived Assets	32,738		32,738		$ 30,338
Net income	210	291	449	461
Income Tax Expense (Benefit)	103	109	52	179
Interest income	(119)	(144)	(312)	(398)
EBITDA	879	868	2,240	2,044
Depreciation and amortization	306	286	926	836
Interest expense	379	326	1,125	966
Adjustment for noncontrolling interests and redeemable stock of subsidiaries	(229)	(183)	(471)	(508)
Less: Income taxes expense (benefit), interest expense (income) and depreciation and amortization from equity affiliates	30	27	91	93
Unrealized derivative and equity securities losses (gains)	(47)	10	(185)	3
Interest income recognized under service concession arrangements	16	18	49	54
Unrealized foreign currency losses (gains)	7	97	10	161
Disposition/ acquisition losses	(11)	8	8	21
Loss on extinguishment of debt	1	0	51	1
Total Adjusted EBITDA	692	990	1,979	2,187	2,187
Other noncurrent assets, excluding ROU assets for operating leases	2,209		2,209		2,879
Loss from disposal of discontinued businesses	(7)	0	(7)	0
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total Revenue	(55)	(44)	(168)	(157)
Assets
Adjusted EBITDA	1	1	(11)		(20)
Corporate Other And Other Eliminations [Member]
Segment Reporting Information [Line Items]
Total Revenue	(22)	(15)	(62)	(61)
Corporate Other And Other Eliminations [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	33	29	106	96
Assets
Long-Lived Assets	25		25		9
Corporate Other And Other Eliminations [Member] | Corporate, Non-Segment
Assets
Adjusted EBITDA	(23)	8	(3)		20
Renewables
Segment Reporting Information [Line Items]
Total Revenue	726	708	1,941	1,744
Renewables | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	726	708	1,941	1,744
Assets
Long-Lived Assets	16,463		16,463		15,735
Adjusted EBITDA	199	267	443	557
Utilities
Segment Reporting Information [Line Items]
Total Revenue	961	880	2,730	2,703
Utilities | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	961	880	2,730	2,703
Assets
Long-Lived Assets	8,481		8,481		7,166
Adjusted EBITDA	223	216	619		526
Energy Infrastructure
Segment Reporting Information [Line Items]
Total Revenue	1,623	1,861	4,706	5,239
Energy Infrastructure | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	1,623	1,861	4,706	5,239
Assets
Long-Lived Assets	7,750		7,750		7,414
Adjusted EBITDA	299	520	969		1,165
New Energy Technologies
Segment Reporting Information [Line Items]
Total Revenue	1	0	1	75
New Energy Technologies | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total Revenue	1	0	1	$ 75
Assets
Long-Lived Assets	19		19		14
Adjusted EBITDA	$ (7)	$ (22)	$ (38)		$ (61)

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 3,289	$ 3,434	$ 9,316	$ 9,700
Regulated Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	929	855	2,641	2,624
Other non-606 revenue	8	8	21	25
Revenue	937	863	2,662	2,649
Non-regulated revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	2,081	2,329	5,917	6,436
Other non-606 revenue	271	242	737	615
Revenue	2,352	2,571	6,654	7,051
Corporate Other And Other Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	(22)	(15)	(62)	(61)
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	(22)	(14)	(62)	(60)
Other non-606 revenue	0	(1)	0	(1)
Revenue	(22)	(15)	(62)	(61)
Renewables
Disaggregation of Revenue [Line Items]
Revenue	726	708	1,941	1,744
Renewables | 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
Renewables | Non-regulated revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	648	672	1,764	1,654
Other non-606 revenue	78	36	177	90
Revenue	726	708	1,941	1,744
Utilities
Disaggregation of Revenue [Line Items]
Revenue	961	880	2,730	2,703
Utilities | Regulated Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	929	855	2,641	2,624
Other non-606 revenue	8	8	21	25
Revenue	937	863	2,662	2,649
Utilities | Non-regulated revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	23	16	65	51
Other non-606 revenue	1	1	3	3
Revenue	24	17	68	54
Energy Infrastructure
Disaggregation of Revenue [Line Items]
Revenue	1,623	1,861	4,706	5,239
Energy Infrastructure | 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
Energy Infrastructure | Non-regulated revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	1,431	1,655	4,149	4,717
Other non-606 revenue	192	206	557	522
Revenue	1,623	1,861	4,706	5,239
New Energy Technologies
Disaggregation of Revenue [Line Items]
Revenue	1	0	1	75
New Energy Technologies | 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
New Energy Technologies | Non-regulated revenue [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Including Assessed Tax	1	0	1	74
Other non-606 revenue	0	0	0	1
Revenue	$ 1	$ 0	$ 1	$ 75

Revenue Contract Balances (Deta

Revenue Contract Balances (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, after Allowance for Credit Loss	$ 97		$ 193
Financing Receivable, Allowance for Credit Loss	0		0
Contract with Customer, Liability	220		328
Other current assets, net of allowance of $0 and $14, respectively	1,460		1,387
Revenue, Remaining Performance Obligation, Amount	7
Contract with Customer, Liability	220		328
Contract with Customer, Liability, Revenue Recognized	77	$ 30
Mong Duong Subsidiary [Member]
Financing Receivable, after Allowance for Credit Loss	1,000
Mong Duong Subsidiary [Member] | Discontinued Operations, Held-for-sale or Disposed of by Sale [Member]
Financing Receivable, after Allowance for Credit Loss			1,100
Financing Receivable, after Allowance for Credit Loss, Noncurrent	873		962
Financing Receivable, after Allowance for Credit Loss, Current	118		$ 108
Warrior Run
Revenue, Remaining Performance Obligation, Amount	357
Revenue, Remaining Performance Obligation, Monthly Amount	32
Other Receivable, before Allowance for Credit Loss, Noncurrent	108
Proceeds from Issuance of Debt	$ 273

Revenue Remaining Performance O

Revenue Remaining Performance Obligations (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 7
Revenue Performance Obligation per year	1
Liability derecognized due to sale of assets	273	$ 0
Warrior Run
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	357
Liability derecognized due to sale of assets	$ 260

Other Income and Expense - Othe

Other Income and Expense - Other Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule of Other Nonoperating Income [Line Items]
Other Nonoperating Income	$ 64	$ 12	$ 120	$ 36
Other Expenses	31	12	153	38
Other Income [Member]
Schedule of Other Nonoperating Income [Line Items]
Insured Event, Gain (Loss)	0	0	(5)	0
Gain (Loss) on Disposition of Other Assets	0	1	3	3
Other income	35	6	55	19
Other Nonoperating Income	64	12	120	36
Allowance for Funds Used During Construction, Capitalized Interest	3	5	9	11
Litigation Settlement, Amount Awarded from Other Party	0	0	0	3
Asset Acquisition of a VIE, Contingent Consideration, Remeasurement Gain	14	0	26	0
Accounts Receivable Adjustment [Abstract]	12		12
Sales-type and Direct Financing Leases, Profit (Loss)	0	0	5	0
Gain (Loss) on Contract Termination	0	0	5	0
Other Expense [Member]
Schedule of Other Nonoperating Income [Line Items]
Gain (Loss) on Disposition of Other Assets	6	3	14	12
Loss Contingency Accrual	21	1	27	9
Sales-type and Direct Financing Leases, Profit (Loss)	0	0	72	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	2	2	7	9
Other Nonoperating Expense	2	6	13	8
Other Expenses	31	12	153	38
Costs related to Troubled debt restructuring	$ 0	$ 0	$ 20	$ 0

Other Income and Expense - Ot_2

Other Income and Expense - Other Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Schedule of other expense [Line Items]
Other Expenses	$ 31	$ 12	$ 153	$ 38
Other Expense [Member]
Schedule of other expense [Line Items]
Sales-type and Direct Financing Leases, Profit (Loss)	0	0	72	0
Other Nonoperating Expense	2	6	13	8
Other Expenses	31	12	153	38
Gain (Loss) on Disposition of Other Assets	6	3	14	12
Other Income [Member]
Schedule of other expense [Line Items]
Sales-type and Direct Financing Leases, Profit (Loss)	0	0	5	0
Insured Event, Gain (Loss)	0	0	5	0
Litigation Settlement, Amount Awarded from Other Party	0	0	0	3
Asset Acquisition of a VIE, Contingent Consideration, Remeasurement Gain	14	0	26	0
Allowance for Funds Used During Construction, Capitalized Interest	3	5	9	11
Gain (Loss) on Disposition of Other Assets	$ 0	$ 1	$ 3	$ 3

Asset Impairment Expense (Detai

Asset Impairment Expense (Details) $ in Millions	1 Months Ended	3 Months Ended						9 Months Ended
	May 31, 2024 USD ($)	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	May 15, 2024 USD ($)	Dec. 31, 2020
Asset Impairment Expense [Line Items]
Impairment of Long-Lived Assets Held-for-use		$ 79			$ 158			$ 355	$ 352
Other Asset Impairment Charges		$ 79			$ 158			355	352
Impairment expense								$ 355	$ 358
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Jordan (IPP1 & IPP4)
Asset Impairment Expense [Line Items]
Disposal Group Not Discontinued Operation Ownership Interest Sold		26%			24%	49%		26%	24%		26%
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Mong Duong held-for-sale
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		$ 395						$ 395
Disposal Group Not Discontinued Operation Ownership Interest Sold		51%						51%
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Mong Duong Financing SPV
Asset Impairment Expense [Line Items]
Disposal Group Not Discontinued Operation Ownership Interest Sold		51%						51%
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | AES Brasil [Domain]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		$ 1,300						$ 1,300		$ 1,339
Disposal Group Not Discontinued Operation Ownership Interest Sold		47.30%						47.30%
Foreign Currency Exchange Rate, Translation										533,000,000
Assets carrying amount disclosure nonrecurring, prior to impairment										$ 1,556
Long Lived Assets held and Used | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					$ 222				$ 222
Other Subsidiaries [Member]
Asset Impairment Expense [Line Items]
Impairment of Long-Lived Assets Held-for-use		$ 8			8			$ 24	18
Maritza | Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					196				196
Maritza | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges									137
Maritza | Long Lived Assets Held And Used [Member] | Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					24				24
Jordan (IPP1 & IPP4) | Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					178	$ 179	$ 179		178
Jordan (IPP1 & IPP4) | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges		0			14	15	14	0	43
Jordan (IPP1 & IPP4) | Long Lived Assets Held And Used [Member] | Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					0	$ 0	$ 0		0
AES Renewable Holdings | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges		0			0			0	18
AES Renewable Holdings | Long Lived Assets held and Used | Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					11				11
Norgener | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges		0			0			0	137
Norgener | Long Lived Assets held and Used | Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					24				24
TEP
Asset Impairment Expense [Line Items]
Impairment of Long-Lived Assets Held-for-use								0	59
TEP | Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					170				170
TEP | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges									77
TEP | Long Lived Assets Held And Used [Member] | Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					93				93
TEP | Long Lived Assets held and Used | Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					94				94
TEG
Asset Impairment Expense [Line Items]
Impairment of Long-Lived Assets Held-for-use		0			77			0	77
TEG | Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					153				153
TEG | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges									59
TEG | Long Lived Assets Held And Used [Member] | Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					94				94
TEG | Long Lived Assets held and Used | Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					93				93
Mong Duong held-for-sale
Asset Impairment Expense [Line Items]
Impairment of Long-Lived Assets to be Disposed of		11			0			54	0
Mong Duong held-for-sale | Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		407	$ 390	$ 450				407
Mong Duong held-for-sale | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges		11	6	37
Mong Duong held-for-sale | Long Lived Assets Held And Used [Member] | Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		0	0	$ 0				0
Renewables | Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					29				29
Renewables | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges									18
Renewables | Long Lived Assets Held And Used [Member] | Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					11				11
Renewables | Long Lived Assets held and Used | Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring					11				11
AES Brasil [Domain]
Asset Impairment Expense [Line Items]
Impairment of Long-Lived Assets to be Disposed of	$ 217	60			$ 0			277	$ 0
AES Brasil [Domain] | Long Lived Assets Held And Used [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		1,351	1,556					1,351
AES Brasil [Domain] | Long Lived Assets Held And Used [Member]
Asset Impairment Expense [Line Items]
Other Asset Impairment Charges		60	217
AES Brasil [Domain] | Long Lived Assets Held And Used [Member] | Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Asset Impairment Expense [Line Items]
Assets Carrying Amount Disclosure Nonrecurring		$ 0	$ 0					$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosures [Line Items]
Effective Income Tax Rate Reconciliation, Percent	31%	26%	10%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21%
Income Tax Expense (Benefit)	$ 103	$ 109	$ 52	$ 179
Related Party Tax Expense Effect of Change in Allocation Methodology	72		100
Unrecognized tax benefit, discrete items, net of allowance	53		53
Unrecognized tax benefit, net of allowance	$ 59		$ 59

Held-for-Sale and Disposition_3

Held-for-Sale and Dispositions Dispositions (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2020	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	May 15, 2024	Dec. 31, 2023	Jun. 30, 2023
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Proceeds from Divestiture of Businesses and Interests in Affiliates				$ 11	$ 98
Gain (loss) on disposal and sale of businesses interests	$ 1	$ 0		(43)	4
Property, Plant and Equipment, Net	$ 32,354			$ 32,354				$ 29,958
Hoosier Wind
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Business Acquisition, Percentage of Voting Interests Acquired	100%			100%
Jordan (IPP1 & IPP4)
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Equity Method Investment, Ownership Percentage						10%
Mong Duong held-for-sale
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Debt, Long-Term and Short-Term, Combined Amount	$ 582			$ 582
Brazil held-for-sale
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Debt, Long-Term and Short-Term, Combined Amount	2,200			2,200
Property, Plant and Equipment, Net	2,200			2,200
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Jordan (IPP1 & IPP4)
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Gain (loss) on disposal and sale of businesses interests				(10)
Net proceeds received from sale of businesses				45
Divestiture of Business, sales price	58			58
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	21	20		31	66
Income (Loss) from Individually Significant Component Disposed of or Held-for-Sale, Excluding Discontinued Operations, before Income Tax	48	48		76	154
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	10	8		27	32
Income (Loss) from Individually Significant Component Disposed of or Held-for-Sale, Excluding Discontinued Operations, before Income Tax	$ 23	$ 20		$ 63	$ 74
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Jordan (IPP1 & IPP4)
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Proceeds from Divestiture of Businesses and Interests in Affiliates			$ 58
Disposal Group Not Discontinued Operation Ownership Interest Sold	26%	24%	26%	26%	24%				49%
Sale of Stock, Percentage of Ownership after Transaction				10%
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%			51%
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Mong Duong held-for-sale
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Assets Carrying Amount Disclosure Nonrecurring	$ 395			$ 395
Disposal Group Not Discontinued Operation Ownership Interest Sold	51%			51%
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Brazil held-for-sale
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	$ 11	$ 12		$ 4	$ 34
Income (Loss) from Individually Significant Component Disposed of or Held-for-Sale, Excluding Discontinued Operations, before Income Tax	25	28		13	80
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | AES Brasil [Domain]
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Assets Carrying Amount Disclosure Nonrecurring	$ 1,300			$ 1,300			$ 1,339
Disposal Group Not Discontinued Operation Ownership Interest Sold	47.30%			47.30%
Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Mong Duong Subsidiary [Member]
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Disposal Group Not Discontinued Operation Ownership Interest Sold	51%			51%
Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations, Spinoff | Mong Duong held-for-sale
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Long term Concession receivable	$ 1,000			$ 1,000
Mong Duong held-for-sale
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Impairment of Long-Lived Assets to be Disposed of	$ 11	$ 0		54	$ 0
Brazil held-for-sale
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Impairment of Long-Lived Assets to be Disposed of				$ 277

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Business Acquisition [Line Items]
Asset Acquisition, Consideration Transferred, Contingent Consideration	$ 47
Asset Acquisition, Consideration Transferred	6
Hoosier Wind
Business Acquisition [Line Items]
Asset Acquisition, Indemnification Asset, Amount	93		$ 93
Fair Value of Assets Acquired			49
Other Income [Member]
Business Acquisition [Line Items]
Asset Acquisition of a VIE, Contingent Consideration, Remeasurement Gain	$ 14	$ 0	26	$ 0
Birdseye
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross			$ 20
Hoosier Wind
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100%		100%
Birdseye
Business Acquisition [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100%		100%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Sep. 30, 2022	Mar. 04, 2021
BASIC EARNINGS PER SHARE
Income from continuing operations attributable to The AES Corporation common stockholders (Income)	$ 509,000,000	$ 231,000,000	$ 1,126,000,000	$ 343,000,000
Income from continuing operations attributable to The AES Corporation common stockholders (Shares)	711,000,000	670,000,000	704,000,000	669,000,000
Income from continuing operations attributable to The AES Corporation common stockholders (Per Share)	$ 0.72	$ 0.34	$ 1.60	$ 0.51
DILUTED EARNINGS PER SHARE:
Income from continuing operations, diluted	$ 509,000,000	$ 231,000,000	$ 1,126,000,000	$ 344,000,000
Weighted average number of shares outstanding, diluted	713,000,000	712,000,000	713,000,000	712,000,000
Equity Unit, Shares Issued (in shares)						10,430,500
Corporate Equity Unit, Stated Value per Share (in dollars per share)						$ 100
Preferred Stock, Beneficial Ownership Interest in One Share						10%
Preferred Stock , Convertible, Initial Conversion Rate						$ 31.5428
Preferred Stock, Convertible, Conversion Price						$ 31.70
Shares Issued, Price Per Share (in dollars per share)	$ 25.73		$ 25.73				$ 25.88
Forward Contract Indexed to Issuer's Equity, Maximum Settlement Rate	3.8859	3.864	3.8859	3.864
Corporate Unit, Notional Value		$ 1,043,000,000		$ 1,043,000,000		$ 1,043,000,000
Preferred Stock, Value, Issued	$ 0	$ 838,000,000	$ 0	$ 838,000,000	$ 838,000,000
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax	$ 0.72	$ 0.34	$ 1.60	$ 0.51
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS	$ 0.71	$ 0.34	$ 1.59	$ 0.51
Weighted Average Number of Shares Outstanding, Basic	711,000,000	670,000,000	704,000,000	669,000,000
Income from continuing operations, net of tax	$ 509,000,000	$ 231,000,000	$ 1,126,000,000	$ 343,000,000
Income from continuing operations, diluted	$ 509,000,000	$ 231,000,000	$ 1,126,000,000	$ 344,000,000
DILUTED SHARES OUTSTANDING	713,000,000	712,000,000	713,000,000	712,000,000
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Diluted	$ 0.72	$ 0.32	$ 1.58	$ 0.48
Share-based Payment Arrangement, Option
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	0	0	1,000,000
DILUTED EARNINGS PER SHARE:
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	0	0	1,000,000
Restricted Stock Units (RSUs) [Member]
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)	2,000,000	2,000,000	2,000,000	2,000,000
Dilutive Securities Effect On Basic EPS, dilutive Restricted Stock Units, per diluted share	$ 0	$ 0	$ 0	$ 0
DILUTED EARNINGS PER SHARE:
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	2,000,000	2,000,000	2,000,000	2,000,000
Dilutive Securities Effect On Basic EPS, dilutive Restricted Stock Units, per diluted share	$ 0	$ 0	$ 0	$ 0
Equity Unit Purchase Agreements
EFFECT OF DILUTIVE SECURITIES
Dilutive Securities Effect on Basic EPS, dilutive Equity Unit Purchase Agreements, per diluted share	$ 0	$ (0.02)	$ (0.02)	$ (0.03)
Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements	0	40,000,000	7,000,000	40,000,000
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities	$ 0	$ 0	$ 0	$ 1,000,000
DILUTED EARNINGS PER SHARE:
Incremental Common Shares Attributable to Dilutive Effect of Equity Unit Purchase Agreements	0	40,000,000	7,000,000	40,000,000
Dilutive Securities Effect on Basic EPS, dilutive Equity Unit Purchase Agreements, per diluted share	$ 0	$ (0.02)	$ (0.02)	$ (0.03)
Dilutive Securities, Effect on Basic Earnings Per Share, Dilutive Convertible Securities	$ 0	$ 0	$ 0	$ 1,000,000
Share-based Payment Arrangement [Member]
DILUTED EARNINGS PER SHARE:
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,000,000	2,000,000	1,000,000	2,000,000

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member] - AES Brasil [Domain]	Oct. 31, 2024 USD ($)
Subsequent Event [Line Items]
Proceeds from Divestiture of Interest in Subsidiaries and Affiliates	$ 590,000,000
Foreign Currency Contract, Asset, Fair Value Disclosure	$ 40,000,000

Allowance for Credit Losses (De

Allowance for Credit Losses (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Current	$ 32		$ 15
Accounts and Financing Receivable, Allowance for Credit Loss	74	$ 62	64	$ 84
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	27	25
Accounts Receivable, Allowance for Credit Loss, Writeoff	(13)	(32)
Financing Receivable, Allowance for Credit Loss, Recovery	(1)	0
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation	(3)	(15)
Accounts Receivable
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Current	32	8	15	4
Accounts Receivable, Allowance for Credit Loss, Writeoff	(5)	(12)
Financing Receivable, Allowance for Credit Loss, Recovery	(1)	(2)
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation	(1)	0
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	22	14
Mong Duong Subsidiary [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Current	24	26	26	28
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	(2)	(2)
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation	0	0
AES Argentina [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Current	6	16	7	31
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	0	0
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation	(1)	(15)
AES Gilbert
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Current		0	20
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)		0
Accounts Receivable, Allowance for Credit Loss, Writeoff		(20)
Financing Receivable, Allowance for Credit Loss, Recovery		0
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation		0
Other Entity [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts Receivable, Allowance for Credit Loss, Current	12	12	$ 16	$ 1
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	5	11
Accounts Receivable, Allowance for Credit Loss, Writeoff	(8)	0
Financing Receivable, Allowance for Credit Loss, Recovery	0	0
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation	$ (1)	$ 0