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Debt (Tables)
 12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Schedule of Non-recourse debt [Table Text Block] During the year ended December 31, 2018, the Company's subsidiaries had the following significant debt transactions:
Subsidiary
Transaction Period
 
Issuances
 
Repayments
 
Gain (Loss) on Extinguishment of Debt
Southland (1)
Q1, Q2, Q3, Q4
 
$
757

 
$
—

 
$
—

Tietê
Q1
 
385

 
(231
)
 
—

Alto Maipo
Q2
 
104

 
—

 
—

DPL
Q2
 
—

 
(106
)
 
(6
)
Gener
Q3
 
—

 
(104
)
 
(7
)
Angamos
Q3
 
—

 
(98
)
 
—

IPALCO
Q4
 
105

 
(89
)
 
—

Total
 
 
$
1,351

 
$
(628
)
 
$
(13
)

_____________________________
(1) 
Issuances relate to the June 2017, long-term non-recourse debt financing to fund the Southland re-powering construction projects.
Carrying Amount and Terms of Non-Recourse Debt The following table summarizes the carrying amount and terms of non-recourse debt at our subsidiaries as of the periods indicated (in millions):
NON-RECOURSE DEBT
Weighted Average Interest Rate
 
Maturity
 
December 31,
2018
 
2017
Variable Rate:
 
 
 
 
 
 
 
Bank loans
4.46%
 
2019 – 2050
 
$
2,600

 
$
2,488

Notes and bonds
3.89%
 
2020 – 2030
 
821

 
900

Debt to (or guaranteed by) multilateral, export credit agencies or development banks (1)
3.56%
 
2023 – 2034
 
3,292

 
3,668

Fixed Rate:
 
 
 
 
 
 
 
Bank loans
4.62%
 
2019 – 2040
 
1,684

 
993

Notes and bonds
5.85%
 
2019 – 2073
 
7,346

 
7,388

Debt to (or guaranteed by) multilateral, export credit agencies or development banks (1)
5.45%
 
2023 – 2034
 
246

 
271

Other
5.87%
 
2023 – 2061
 
24

 
26

Unamortized (discount) premium & debt issuance (costs), net
 
 
 
 
(368
)
 
(394
)
Subtotal
 
 
 
 
$
15,645

 
$
15,340

Less: Current maturities
 
 
 
 
(1,659
)
 
(2,164
)
Noncurrent maturities
 
 
 
 
$
13,986

 
$
13,176

_____________________________
(1) 
Multilateral loans include loans funded and guaranteed by bilaterals, multilaterals, development banks and other similar institutions.
Schedule For Maturity For Non-Recourse Debt Non-recourse debt as of December 31, 2018 is scheduled to reach maturity as shown below (in millions):
December 31,
Annual Maturities
2019
$
1,697

2020
1,458

2021
1,601

2022
1,530

2023
1,316

Thereafter
8,411

Unamortized (discount) premium & debt issuance (costs), net
(368
)
Total
$
15,645
Debt In Default Table The following table summarizes the Company's subsidiary non-recourse debt in default (in millions) as of December 31, 2018. Due to the defaults, these amounts are included in the current portion of non-recourse debt:
 
Primary Nature
of Default
 
December 31, 2018
Subsidiary
Default
 
Net Assets
AES Puerto Rico
Covenant
 
$
317

 
$
139

AES Ilumina (Puerto Rico)
Covenant
 
34

 
17

Total
 
 
$
351

(1) 

_____________________________
(1)    This does not include $483 million of non-recourse debt at Colon, one of the Company’s subsidiaries in Panama, that has been classified as current. Colon is currently in compliance with all provisions of its financing agreements, but does not expect to complete a required contract assignment to the lenders by the March 31, 2019 deadline. The Company is working with the lenders to modify the loan agreement to amend the requirement of this technical covenant in 2019. If this amendment is executed, the debt will be re-classified as noncurrent.
Schedule of Recourse Debt Detail The following table summarizes the carrying amount and terms of recourse debt of the Company as of the periods indicated (in millions):
 
Interest Rate
 
Final Maturity
 
December 31, 2018
 
December 31, 2017
Senior Unsecured Note
8.00%
 
2020
 
$
—

 
$
228

Senior Unsecured Note
4.00%
 
2021
 
500

 
—

Senior Unsecured Note
7.38%
 
2021
 
—

 
690

Drawings on secured credit facility
LIBOR + 2.00%
 
2021
 
—

 
207

Senior Secured Term Loan
LIBOR + 1.75%
 
2022
 
366

 
521

Senior Unsecured Note
4.88%
 
2023
 
713

 
713

Senior Unsecured Note
4.50%
 
2023
 
500

 
—

Senior Unsecured Note
5.50%
 
2024
 
63

 
738

Senior Unsecured Note
5.50%
 
2025
 
544

 
573

Senior Unsecured Note
6.00%
 
2026
 
500

 
500

Senior Unsecured Note
5.13%
 
2027
 
500

 
500

Unamortized (discount) premium & debt issuance (costs), net
 
 
 
 
(31
)
 
(40
)
Subtotal
 
 
 
 
$
3,655

 
$
4,630

Less: Current maturities
 
 
 
 
(5
)
 
(5
)
Noncurrent maturities
 
 
 
 
$
3,650

 
$
4,625

 
 
 
 
 
 
December 31,
 
 
Interest Rate
 
Maturity
 
2018
 
2017
Senior Unsecured Note
 
8.00%
 
2020
 
$
—

 
$
228

Senior Unsecured Note
 
7.38%
 
2021
 
—

 
690

Drawings on secured credit facility
 
LIBOR + 2.00%
 
2021
 
—

 
207

Senior Unsecured Note
 
4.00%
 
2021
 
500

 
—

Senior Secured Term Loan
 
LIBOR + 1.75%
 
2022
 
366

 
521

Senior Unsecured Note
 
4.50%
 
2023
 
500

 
—

Senior Unsecured Note
 
4.88%
 
2023
 
713

 
713

Senior Unsecured Note
 
5.50%
 
2024
 
63

 
738

Senior Unsecured Note
 
5.50%
 
2025
 
544

 
573

Senior Unsecured Note
 
6.00%
 
2026
 
500

 
500

Senior Unsecured Note
 
5.13%
 
2027
 
500

 
500

Unamortized (discounts)/premiums & debt issuance (costs)
 
 
 
 
 
(31
)
 
(40
)
Subtotal
 
 
 
 
 
$
3,655

 
$
4,630

Less: Current maturities
 
 
 
 
 
(5
)
 
(5
)
Total
 
 
 
 
 
$
3,650

 
$
4,625
Schedule of Future Maturities of Recourse Debt The following table summarizes the principal amounts due under our recourse debt for the next five years and thereafter (in millions):
December 31,
Net Principal Amounts Due
2019
$
5

2020
5

2021
505

2022
350

2023
1,213

Thereafter
1,608

Unamortized (discount) premium & debt issuance (costs), net
(31
)
Total recourse debt
$
3,655

As of December 31, 2018 scheduled maturities are presented in the following table (in millions):
December 31,
Annual Maturities
2019
$
5

2020
5

2021
505

2022
350

2023
1,213

Thereafter
1,608

Unamortized (discount)/premium & debt issuance (costs)
(31
)
Total debt
$
3,655