Segment and Geographic Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

SEGMENT AND GEOGRAPHIC INFORMATION

SEGMENTS AND GEOGRAPHIC INFORMATION

The segment reporting structure uses the Company's organizational structure as its foundation to reflect how the Company manages the businesses internally, and is organized by geographic regions which provide better socio-political-economic understanding of our business. The Company is organized by six SBUs led by our President and Chief Executive Officer: US, Andes, Brazil, MCAC, Europe, and Asia SBUs. Using the accounting guidance on segment reporting, the Company determined that it has six operating and six reportable segments corresponding to its SBUs.

Corporate and Other — Corporate overhead costs which are not directly associated with the operations of our six reportable segments are included in "Corporate and Other." Also included are certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation.

The Company uses Adjusted PTC as its primary segment performance measure. Adjusted PTC, a non-GAAP measure, is defined by the Company as pretax income from continuing operations attributable to AES excluding unrealized gains or losses related to derivative transactions, unrealized foreign currency gains or losses, gains or losses due to dispositions and acquisitions of business interests, losses due to impairments and costs due to the early retirement of debt. The Company has concluded that Adjusted PTC best reflects the underlying business performance of the Company and is the most relevant measure considered in the Company's internal evaluation of the financial performance of its segments. Additionally, given its large number of businesses and complexity, the Company concluded that Adjusted PTC is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the Company's results.    

Revenue and Adjusted PTC before intersegment eliminations includes the effect of intercompany transactions with other segments except for interest, charges for certain management fees, and the write-off of intercompany balances, as applicable. All intra-segment activity has been eliminated within the segment. Inter-segment activity has been eliminated within the total consolidated results.

The following tables present financial information by segment for the periods indicated (in millions):

Revenue Year Ended December 31,	Total Revenue						Intersegment									External Revenue
	2015		2014		2013		2015			2014			2013			2015		2014		2013
US SBU	$	3,593	$	3,826	$	3,630	$	—		$	—		$	—		$	3,593	$	3,826	$	3,630
Andes SBU	2,489		2,642		2,639		(10		)	(4		)	(1		)	2,479		2,638		2,638
Brazil SBU	4,666		6,009		5,015		—			—			—			4,666		6,009		5,015
MCAC SBU	2,353		2,682		2,713		(2		)	(2		)	(1		)	2,351		2,680		2,712
Europe SBU	1,191		1,439		1,347		(4		)	(6		)	—			1,187		1,433		1,347
Asia SBU	684		558		550		—			—			—			684		558		550
Corporate and Other	31		15		7		(28		)	(13		)	(8		)	3		2		(1		)
Total Revenue	$	15,007	$	17,171	$	15,901	$	(44	)	$	(25	)	$	(10	)	$	14,963	$	17,146	$	15,891

Adjusted Pretax Contribution Year Ended December 31,	Total Adjusted PTC								Intersegment								External Adjusted PTC
	2015			2014			2013		2015			2014			2013		2015			2014			2013
US SBU	$	360		$	445		440		$	12		$	10		11		$	372		$	455		$	451
Andes SBU	482			421			353		17			6			19		499			427			372
Brazil SBU	91			242			212		2			3			3		93			245			215
MCAC SBU	327			352			339		18			26			12		345			378			351
Europe SBU	235			348			345		5			5			7		240			353			352
Asia SBU	96			46			142		3			2			2		99			48			144
Corporate and Other	(441		)	(533		)	(624	)	(57		)	(52		)	(54	)	(498		)	(585		)	(678		)
Total Adjusted Pretax Contribution	1,150			1,321			1,207		—			—			—		1,150			1,321			1,207

Reconciliation to Income from Continuing Operations before Taxes and Equity Earnings of Affiliates:
Non-GAAP Adjustments:
Unrealized derivative gains	166			135			57
Unrealized foreign currency losses	(96		)	(110		)	(41		)
Disposition/acquisition gains	42			361			30
Impairment losses	(504		)	(416		)	(588		)
Loss on extinguishment of debt	(183		)	(274		)	(225		)
Pre-tax contribution	575			1,017			440
Add: Income from continuing operations before taxes, attributable to noncontrolling interests	652			578			633
Less: Net equity in earnings of affiliates	105			19			25
Income from continuing operations before taxes and equity in earnings of affiliates	$	1,122		$	1,576		$	1,048

	Total Assets						Depreciation and Amortization							Capital Expenditures
Year Ended December 31,	2015		2014		2013		2015		2014			2013		2015		2014		2013
US SBU	$	9,844	$	10,062	$	9,952	$	443	$	450		$	440	$	861	$	534	$	426
Andes SBU	8,744		7,888		7,356		175		182			186		949		702		471
Brazil SBU	6,422		8,439		8,388		185		260			259		299		416		588
MCAC SBU	4,830		4,948		5,075		155		144			145		201		192		111
Europe SBU	3,127		3,525		4,191		134		154			155		118		228		341
Asia SBU	3,197		2,972		2,810		32		32			33		13		429		576
Assets held-for-sale	96		—		1,718		—		(1		)	55		—		13		52
Corporate and Other	590		1,132		921		20		24			21		17		30		14
Total	$	36,850	$	38,966	$	40,411	$	1,144	$	1,245		$	1,294	$	2,458	$	2,544	$	2,579

	Interest Income						Interest Expense
Year Ended December 31,	2015		2014		2013		2015		2014		2013
US SBU	$	—	$	—	$	—	$	262	$	285	$	290
Andes SBU	77		87		37		154		160		135
Brazil SBU	299		249		210		349		331		364
MCAC SBU	30		26		20		179		178		138
Europe SBU	1		1		2		73		98		80
Asia SBU	115		2		6		85		25		30
Corporate and Other	2		—		—		334		394		445
Total	$	524	$	365	$	275	$	1,436	$	1,471	$	1,482

	Investments in and Advances to Affiliates						Equity in Earnings (Losses)
Year Ended December 31,	2015		2014		2013		2015		2014			2013
US SBU	$	1	$	1	$	1	$	—	$	—		$	—
Andes SBU	345		287		248		83		42			44
Brazil SBU	—		—		—		—		—			—
MCAC SBU	—		—		—		—		—			4
Europe SBU	53		54		286		10		(25		)	(5		)
Asia SBU	195		194		186		8		10			10
Corporate and Other	16		1		289		4		(8		)	(28		)
Total	$	610	$	537	$	1,010	$	105	$	19		$	25

The table below presents information, by country, about the Company's consolidated operations for each of the three years ended December 31, 2015, 2014, and 2013, and as of December 31, 2015 and 2014 in millions. Revenue is recorded in the country in which it is earned and assets are recorded in the country in which they are located.

	Revenue						Property, Plant & Equipment, net
Year Ended December 31,	2015		2014		2013		2015		2014
United States(1)	$	3,597	$	3,828	$	3,630	$	8,028	$	7,713
Non-U.S.:
Brazil	4,666		6,009		5,015		3,286		4,725
Chile	1,523		1,624		1,569		4,596		4,012
El Salvador	736		832		860		318		304
Dominican Republic	632		802		832		783		702
Colombia	557		552		523		446		430
Philippines	406		451		497		736		752
Argentina	399		463		545		193		222
United Kingdom	396		533		558		191		324
Mexico	383		434		440		716		733
Bulgaria	382		410		422		1,259		1,457
Puerto Rico	302		348		328		599		551
Panama	297		263		250		1,028		1,030
Jordan	248		262		142		470		484
Vietnam(2)	233		—		—		2		1,491
Kazakhstan	155		161		156		146		206
Sri Lanka	45		107		53		—		7
Cameroon(3)	—		—		—		—		—
Ukraine(4)	—		—		—		—		—
Other Non-U.S. (5)	6		67		71		19		8
Total Non-U.S.	11,366		13,318		12,261		14,788		17,438
Total	$	14,963	$	17,146	$	15,891	$	22,816	$	25,151

⁽¹⁾ Excludes revenue of $2 million and $23 million for the years ended December 31, 2014 and 2013, respectively, related to Condon and Mid-West Wind, which are reflected as discontinued operations in the accompanying Consolidated Statements of Operations.

⁽²⁾  Property, plant & equipment as of December 31, 2015 includes the impact of adopting ASU No. 2014-05, Service Concession Arrangements, on a modified retrospective basis as of January 1, 2015. See Note 1—General and Summary of Significant Accounting Policies for more information.

⁽³⁾  Excludes revenue of $230 million and $473 million for the years ended December 31, 2014 and 2013, respectively, related to Sonel, which is reflected as discontinued

operations in the accompanying Consolidated Statements of Operations.

⁽⁴⁾  Excludes revenue of $187 million for the years ended December 31, 2013 related to Kievoblenergo and Rivnooblenergo, which are reflected as discontinued operations in the accompanying Consolidated Statements of Operations.

⁽⁵⁾  Excludes revenue of $6 million for the years ended December 31, 2013 related to Saurashtra, which is reflected as discontinued operations in the accompanying Consolidated Statements of Operations.