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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Total Revenue $ 2,837 $ 2,693 $ 8,114 $ 7,887
Cost of Goods and Services Sold 2,166 2,053 6,187 6,067
Operating margin 671 640 1,927 1,820
General and administrative expenses (43) (52) (134) (155)
Interest expense (255) (297) (799) (860)
Interest income 79 63 231 185
Loss on extinguishment of debt (11) (49) (187) (44)
Other expense (29) (36) (42) (67)
Other income 10 16 30 103
Loss (gain) on disposal and sale of businesses (21) (1) 856 (49)
Asset impairment expense (74) (2) (166) (260)
Foreign currency transaction gains (losses) 5 22 (44) 14
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES 332 304 1,672 687
Income tax expense (146) (93) (509) (246)
Net equity in earnings of affiliates 6 24 31 33
INCOME FROM CONTINUING OPERATIONS 192 235 1,194 474
Income (loss) from operations of discontinued businesses, net of income tax expense of $0, $17, $2 and $24, respectively (4) 26 (9) 35
Gain from disposal of discontinued businesses, net of income tax expense of $2, $0, $44 and $0, respectively 3 0 199 0
NET INCOME 191 261 1,384 509
Less: Net income attributable to noncontrolling interests and redeemable stock of subsidiaries (90) (88) (311) (298)
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION 101 152 1,075 181
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest 0 (21) 2 (30)
AMOUNTS ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS:        
Income from continuing operations, net of tax 102 147 883 176
Income (loss) from discontinued operations, net of tax (1) 5 192 5
NET INCOME (LOSS) ATTRIBUTABLE TO THE AES CORPORATION $ 101 $ 152 $ 1,075 $ 181
BASIC EARNINGS PER SHARE:        
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.15 $ 0.22 $ 1.33 $ 0.27
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax 0 0.01 0.29 0.01
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS 0.15 0.23 1.62 0.28
DILUTED EARNINGS PER SHARE:        
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax 0.15 0.22 1.33 0.27
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax $ 0 $ 0.01 $ 0.29 $ 0.01
DILUTED SHARES OUTSTANDING 665 663 664 662
DIVIDENDS DECLARED PER COMMON SHARE $ 0.13 $ 0.12 $ 0.26 $ 0.24
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.15 $ 0.23 $ 1.62 $ 0.28
Electric Transmission [Member]        
Total Revenue $ 777 $ 853 $ 2,215 $ 2,449
Cost of Goods and Services Sold 638 704 1,856 2,088
Electricity, Generation [Member]        
Total Revenue 2,060 1,840 5,899 5,438
Cost of Goods and Services Sold $ 1,528 $ 1,349 $ 4,331 $ 3,979