XML 64 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Equity (Tables)
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Schedule of Stockholders Equity
The table below is a reconciliation of the beginning and ending equity attributable to stockholders of The AES Corporation, NCI and total equity as of the periods indicated (in millions):
 
Nine Months Ended September 30, 2016
 
Nine Months Ended September 30, 2015
 
The Parent Company Stockholders’ Equity
 
NCI
 
Total Equity
 
The Parent Company Stockholders’ Equity
 
NCI
 
Total Equity
Balance at the beginning of the period
$
3,149

 
$
3,022

 
$
6,171

 
$
4,272

 
$
3,053

 
$
7,325

Net income (loss) (1)
(181
)
 
97

 
(84
)
 
391

 
330

 
721

Total foreign currency translation adjustment, net of income tax
179

 
53

 
232

 
(498
)
 
(359
)
 
(857
)
Total change in derivative fair value, net of income tax
(52
)
 
(63
)
 
(115
)
 
10

 
(37
)
 
(27
)
Total pension adjustments, net of income tax
3

 
7

 
10

 
3

 
10

 
13

Cumulative effect of a change in accounting principle
—

 
—

 
—

 
(5
)
 
—

 
(5
)
Fair value adjustment to redeemable stock of subsidiaries
(4
)
 
—

 
(4
)
 
—

 
—

 
—

Acquisition of businesses (2)
—

 
—

 
—

 
—

 
11

 
11

Disposition of businesses
—

 
18

 
18

 
—

 
(49
)
 
(49
)
Distributions to noncontrolling interests
(2
)
 
(293
)
 
(295
)
 
—

 
(182
)
 
(182
)
Contributions from noncontrolling interests
—

 
23

 
23

 
—

 
117

 
117

Dividends declared on common stock
(144
)
 
—

 
(144
)
 
(138
)
 
—

 
(138
)
Purchase of treasury stock
(79
)
 
—

 
(79
)
 
(408
)
 
—

 
(408
)
Issuance and exercise of stock-based compensation benefit plans, net of income tax
15

 
—

 
15

 
23

 
—

 
23

Sale of subsidiary shares to noncontrolling interests
—

 
17

 
17

 
(83
)
 
—

 
(83
)
Acquisition of subsidiary shares from noncontrolling interests
(2
)
 
(3
)
 
(5
)
 
—

 
—

 
—

Less: Net loss attributable to redeemable stocks of subsidiaries
—

 
8

 
8

 
—

 
—

 
—

Balance at the end of the period
$
2,882

 
$
2,886

 
$
5,768

 
$
3,567

 
$
2,894

 
$
6,461
Components Of Accumulated Other Comprehensive Income
See below for the changes in AOCL by component, net of tax and NCI, for the nine months ended September 30, 2016 (in millions):
 
Foreign currency translation adjustment, net
 
Unrealized derivative gains (losses), net
 
Unfunded pension obligations, net
 
Total
Balance at the beginning of the period
$
(3,256
)
 
$
(353
)
 
$
(274
)
 
$
(3,883
)
Other comprehensive income (loss) before reclassifications
179

 
(71
)
 
—

 
108

Amount reclassified to earnings
—

 
19

 
3

 
22

Other comprehensive income (loss)
179

 
(52
)
 
3

 
130

Balance at the end of the period
$
(3,077
)
 
$
(405
)
 
$
(271
)
 
$
(3,753
)
Schedule Of Amounts Reclassified Out Of Accumulated Other Comprehensive Income

Reclassifications out of AOCL are presented in the following table. Amounts for the periods indicated are in millions and those in parenthesis indicate debits to the Condensed Consolidated Statements of Operations:
Details About
 
Affected Line Item in the Condensed Consolidated Statements of Operations
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
AOCL Components
 
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
 
Unrealized derivative gains (losses), net
 
 
 
 
Non-regulated revenue
 
$
20

 
$
12

 
$
94

 
$
27

 
 
Non-regulated cost of sales
 
(17
)
 
(5
)
 
(54
)
 
(10
)
 
 
Interest expense
 
(25
)
 
(28
)
 
(86
)
 
(84
)
 
 
Gain on disposals and sale of investments
 
—

 
(4
)
 
—

 
(4
)
 
 
Foreign currency transaction gains (losses)
 
(3
)
 
12

 
18

 
20

 
 
Income (loss) from continuing operations before taxes and equity in earnings of affiliates
 
(25
)
 
(13
)
 
(28
)
 
(51
)
 
 
Income tax expense
 
4

 
—

 
5

 
6

 
 
Net equity in earnings of affiliates
 
—

 
(1
)
 
—

 
(1
)
 
 
Income (loss) from continuing operations
 
(21
)
 
(14
)
 
(23
)
 
(46
)
 
 
Less: Net income attributable to noncontrolling interests
 
5

 
6

 
4

 
15

 
 
Net income (loss) attributable to The AES Corporation
 
$
(16
)
 
$
(8
)
 
$
(19
)
 
$
(31
)
Amortization of defined benefit pension actuarial loss, net
 
 
 
 
Regulated cost of sales
 
$
(4
)
 
$
(7
)
 
$
(13
)
 
$
(20
)
 
 
Income (loss) from continuing operations before taxes and equity in earnings of affiliates
 
(4
)
 
(7
)
 
(13
)
 
(20
)
 
 
Income tax expense
 
2

 
3

 
4

 
8

 
 
Income (loss) from continuing operations
 
(2
)
 
(4
)
 
(9
)
 
(12
)
 
 
Net loss from disposal and impairments of discontinued businesses
 
(1
)
 
—

 
(1
)
 
(1
)
 
 
Net Income (loss)
 
(3
)
 
(4
)
 
(10
)
 
(13
)
 
 
Less: Net income attributable to noncontrolling interests
 
2

 
3

 
7

 
10

 
 
Net income (loss) attributable to The AES Corporation
 
$
(1
)
 
$
(1
)
 
$
(3
)
 
$
(3
)
Total reclassifications for the period, net of income tax and noncontrolling interests
 
$
(17
)
 
$
(9
)
 
$
(22
)
 
$
(34
)