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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Total Revenue $ 2,537 $ 2,613 $ 5,277 $ 5,194
Cost of Goods and Services Sold 1,937 1,990 4,021 4,014
Operating margin 600 623 1,256 1,180
General and administrative expenses (35) (49) (91) (103)
Interest expense (263) (276) (544) (563)
Interest income 76 59 152 122
Gain (loss) on extinguishment of debt (6) (12) (176) 5
Other expense (4) (7) (13) (31)
Other income 7 14 20 87
Loss (gain) on disposal and sale of businesses 89 (48) 877 (48)
Asset impairment expense (92) (90) (92) (258)
Foreign currency transaction gains (losses) (30) 12 (49) (8)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES 342 226 1,340 383
Income tax expense (132) (86) (363) (153)
Net equity in earnings of affiliates 14 2 25 9
INCOME FROM CONTINUING OPERATIONS 224 142 1,002 239
Income (loss) from operations of discontinued businesses, net of income tax expense of $2, $5, $2 and $7, respectively (4) 8 (5) 9
Gain from disposal of discontinued businesses, net of income tax expense of $42, $0, $42 and $0, respectively 196 0 196 0
NET INCOME 416 150 1,193 248
Less: Net income attributable to noncontrolling interests and redeemable stock of subsidiaries (128) (89) (221) (210)
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION 290 53 974 29
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest 2 (8) 2 (9)
AMOUNTS ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS:        
Income from continuing operations, net of tax 96 53 781 29
Income from discontinued operations, net of tax 194 0 193 0
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION $ 290 $ 53 $ 974 $ 29
BASIC EARNINGS PER SHARE:        
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.15 $ 0.08 $ 1.18 $ 0.04
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax 0.29 0.00 0.29 0.00
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS 0.44 0.08 1.47 0.04
DILUTED EARNINGS PER SHARE:        
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax 0.15 0.08 1.18 0.04
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax $ 0.29 $ 0.00 $ 0.29 $ 0.00
DILUTED SHARES OUTSTANDING 664 662 664 662
DIVIDENDS DECLARED PER COMMON SHARE $ 0.00 $ 0.00 $ 0.13 $ 0.12
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.44 $ 0.08 $ 1.47 $ 0.04
Electric Transmission [Member]        
Total Revenue $ 716 $ 783 $ 1,438 $ 1,596
Cost of Goods and Services Sold 617 681 1,218 1,384
Electricity, Generation [Member]        
Total Revenue 1,821 1,830 3,839 3,598
Cost of Goods and Services Sold $ 1,320 $ 1,309 $ 2,803 $ 2,630