Equity (Tables)

3 Months Ended

Mar. 31, 2015

The following table provides a reconciliation of the beginning and ending equity attributable to stockholders of The AES Corporation, noncontrolling interests and total equity as of the periods indicated:



	Three Months Ended March 31, 2015									Three Months Ended March 31, 2014
	The AES Corporation Stockholders’ Equity			Noncontrolling Interests			Total Equity			The AES Corporation Stockholders’ Equity			Noncontrolling Interests			Total Equity
	(in millions)
Balance at the beginning of the period	$	4,272		$	3,053		$	7,325		$	4,330		$	3,321		$	7,651
Net income (loss)	142			112			254			(58		)	124			66
Total foreign currency translation adjustment, net of income tax	(251		)	(170		)	(421		)	(40		)	51			11
Total change in derivative fair value, net of income tax	(26		)	(34		)	(60		)	(47		)	(54		)	(101		)
Total pension adjustments, net of income tax	1			4			5			2			4			6
Cumulative effect of a change in accounting principle	(5		)	—			(5		)	—			—			—
Capital contributions from noncontrolling interests	—			67			67			—			31			31
Distributions to noncontrolling interests	—			(19		)	(19		)	—			(24		)	(24		)
Disposition of businesses	—			—			—			—			(5		)	(5		)
Acquisition of treasury stock	(35		)	—			(35		)	—			—			—
Issuance and exercise of stock-based compensation benefit plans, net of income tax	5			—			5			6			—			6
Sale of subsidiary shares to noncontrolling interests	(81		)	—			(81		)	—			—			—
Balance at the end of the period	$	4,022		$	3,013		$	7,035		$	4,193		$	3,448		$	7,641

Components Of Accumulated Other Comprehensive Income

The changes in AOCL by component, net of tax and noncontrolling interests, for the three months ended March 31, 2015 were as follows:



	Unrealized derivative losses, net			Unfunded pension obligations, net			Foreign currency translation adjustment, net			Total
	(in millions)
Balance at the beginning of the period	$	(396	)	$	(295	)	$	(2,595	)	$	(3,286	)
Other comprehensive (loss) before reclassifications	(35		)	—			(251		)	(286		)
Amount reclassified to earnings	9			1			—			10
Other comprehensive income (loss)	(26		)	1			(251		)	(276		)
Cumulative effect of a change in accounting principle	—			—			13			13
Balance at the end of the period	$	(422	)	$	(294	)	$	(2,833	)	$	(3,549	)

Schedule Of Amounts Reclassified Out Of Accumulated Other Comprehensive Income

Reclassifications out of AOCL for the periods indicated were as follows:



		Three Months Ended March 31,
Details About AOCL Components	Affected Line Item in the Condensed Consolidated Statements of Operations	2015			2014
		(in millions) ⁽¹⁾
Foreign currency translation adjustment, net
	Net loss from disposal and impairments of discontinued businesses	—			(6		)
	Net income (loss) attributable to The AES Corporation	$	—		$	(6	)
Unrealized derivative losses, net
	Non-regulated revenue	$	5		$	13
	Non-regulated cost of sales	—			1
	Interest expense	(25		)	(32		)
	Foreign currency transaction losses	6			(3		)
	Income from continuing operations before taxes and equity in earnings of affiliates	(14		)	(21		)
	Income tax expense	2			3
	Net equity in earnings of affiliates	—			(1		)
	Income from continuing operations	(12		)	(19		)
	Income from continuing operations attributable to noncontrolling interests	3			—
	Net income (loss) attributable to The AES Corporation	$	(9	)	$	(19	)
Amortization of defined benefit pension actuarial loss, net
	Regulated cost of sales	$	(8	)	$	(8	)
	Non-regulated cost of sales	—			(1		)
	Income from continuing operations before taxes and equity in earnings of affiliates	(8		)	(9		)
	Income tax expense	3			3
	Income from continuing operations	(5		)	(6		)
	Net income	(5		)	(6		)
	Income from continuing operations attributable to noncontrolling interests	4			4
	Net income (loss) attributable to The AES Corporation	$	(1	)	$	(2	)
Total reclassifications for the period, net of income tax and noncontrolling interests		$	(10	)	$	(27	)

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⁽¹⁾	Amounts in parentheses indicate debits to the Condensed Consolidated Statements of Operations.