Discontinued Operations and Held-For-Sale Businesses (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following table summarizes the carrying amounts of the major classes of assets and liabilities of discontinued operations and held-for-sale businesses at December 31, 2015:

(in millions)	December 31, 2015
Assets of discontinued operations and held-for-sale businesses:
Cash and cash equivalents	$	5
Accounts receivable, net of allowance for doubtful accounts of $8	171
Property, plant and equipment and intangibles, net	668
Deferred income taxes	133
Other classes of assets that are not major	233
Total assets of discontinued operations	1,210
Other assets of businesses classified as held-for-sale (1)	96
Total assets of discontinued operations and held-for-sale businesses(2)	$	1,306
Liabilities of discontinued operations and held-for-sale businesses:
Accounts payable	$	150
Accrued and other liabilities	150
Non-recourse debt	346
Other classes of liabilities that are not major	125
Total liabilities of discontinued operations	771
Other liabilities of businesses classified as held-for-sale (1)	13
Total liabilities of discontinued operations and held-for-sale businesses(2)	$	784

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⁽¹⁾  DPLER and Kelanitissa were classified as held-for-sale as of December 31, 2015. See Note 23—Dispositions for further information.

⁽²⁾  Amounts were classified as both current and long-term on the Consolidated Balance Sheet as of December 31, 2015.

The following table summarizes the major line items constituting income (losses) from discontinued operations for the periods indicated (in millions):

December 31,	2016			2015			2014
Income (loss) from discontinued operations, net of tax:
Revenue — regulated	$	701		$	808		$	1,255
Cost of sales	(672		)	(800		)	(1,078		)
Other income and expense items that are not major	(57		)	(40		)	5
Pretax income (loss) from operations of discontinued businesses	(28		)	(32		)	182
Pretax gain (loss) from disposal and impairments of discontinued businesses	(1,385		)	—			(51		)
Pretax income (loss) from discontinued operations	(1,413		)	(32		)	131
Less: Net loss attributable to noncontrolling interests	—			—			8
Pretax income (loss) from discontinued operations attributable to The AES Corporation	(1,413		)	(32		)	139
Income tax benefit (expense)	275			7			(75		)
Income (loss) from discontinued operations, net of tax	$	(1,138	)	$	(25	)	$	64

The following table summarizes the operating and investing cash flows from discontinued operations associated with Sul, the only business that qualifies for discontinued operations after the adoption of ASU No. 2014-08, for the periods indicated (in millions):

December 31,	2016			2015			2014
Cash flows from operating activities of Sul discontinued operations	$	58		$	(15	)	$	15
Cash flows from investing activities of Sul discontinued operations	(54		)	(25		)	(123		)