Discontinued Operations and Held for sale businesses (Tables)

9 Months Ended

Sep. 30, 2018

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disclosure of Long Lived Assets Held-for-sale [Table Text Block]

Held-for-Sale Compañia Transmisora del Norte Grande — In June 2018, AES Gener entered into an agreement to sell the transmission lines held by Compañia Transmisora del Norte Grande (“CTNG”) for $220 million, subject to customary purchase price adjustments. The sale is subject to regulatory approval and is expected to close during the fourth quarter of 2018. As of September 30, 2018, CTNG was classified as held-for-sale, but did not meet the criteria to be reported as discontinued operations. CTNG’s carrying value at September 30, 2018 was $99 million. CTNG is reported in the South America SBU reportable segment. Pre-tax income attributable to AES was immaterial for the three and nine months ended September 30, 2018 and September 30, 2017, respectively.

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following table summarizes the major line items constituting income from discontinued operations for the three and nine months ended September 30, 2017 (in millions):

Income from discontinued operations, net of tax:	Three Months Ended September 30, 2017			Nine Months Ended September 30, 2017
Revenue — regulated	$	945		$	2,726
Cost of sales	(876		)	(2,573		)
Other income and expense items that are not major	(26		)	(94		)
Income from discontinued operations	$	43		$	59
Less: Net income attributable to noncontrolling interests	(21		)	(30		)
Income from discontinued operations attributable to The AES Corporation	$	22		$	29
Income tax expense	(17		)	(24		)
Income from discontinued operations, net of tax	$	5		$	5

The following table summarizes the operating and investing cash flows from discontinued operations for the three and nine months ended September 30, 2017 (in millions):

	Three Months Ended September 30, 2017			Nine Months Ended September 30, 2017
Cash flows provided by operating activities of discontinued operations	$	129		$	254
Cash flows used in investing activities of discontinued operations	(61		)	(181		)

Excluding any impairment charges or gain/loss on sale, pre-tax income attributable to AES of disposed businesses was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2018		2017		2018		2017
Masinloc	$	—	$	26	$	9	$	78
Stuart and Killen (1)	8		9		38		1
DPL peaker assets	—		11		7		12
Other	—		2		5		23
Total	$	8	$	48	$	59	$	114