XML 40 R19.htm IDEA: XBRL DOCUMENT v3.19.1
Equity
 3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
EQUITY EQUITY
Accumulated Other Comprehensive Loss — The following table summarizes the changes in AOCL by component, net of tax and NCI, for the three months ended March 31, 2019 (in millions):
 
Foreign currency translation adjustment, net
 
Unrealized derivative gains (losses), net
 
Unfunded pension obligations, net
 
Total
Balance at the beginning of the period
$
(1,721
)
 
$
(300
)
 
$
(50
)
 
$
(2,071
)
Other comprehensive income (loss) before reclassifications
4

 
(47
)
 
—

 
(43
)
Amount reclassified to earnings
—

 
10

 
1

 
11

Other comprehensive income (loss)
4

 
(37
)
 
1

 
(32
)
Cumulative effect of a change in accounting principle
—

 
(4
)
 
—

 
(4
)
Balance at the end of the period
$
(1,717
)
 
$
(341
)
 
$
(49
)
 
$
(2,107
)

Reclassifications out of AOCL are presented in the following table. Amounts for the periods indicated are in millions and those in parentheses indicate debits to the Condensed Consolidated Statements of Operations:
AOCL Components
 
Affected Line Item in the Condensed Consolidated Statements of Operations
 
Three Months Ended March 31,
 
 
2019
 
2018
Foreign currency translation adjustment, net
 
 
 
 
Gain (loss) on disposal and sale of business interests
 
$
—

 
$
16

 
 
Net income attributable to The AES Corporation
 
$
—

 
$
16

 
 
 
 
 
 
 
Unrealized derivative gains (losses), net
 
 
 
 
 
 
Non-regulated revenue
 
$
—

 
$
(4
)
 
 
Non-regulated cost of sales
 
(9
)
 
(1
)
 
 
Interest expense
 
(8
)
 
(15
)
 
 
Foreign currency transaction losses
 
5

 
11

 
 
Income from continuing operations before taxes and equity in earnings of affiliates
 
(12
)
 
(9
)
 
 
Income tax expense
 
2

 
(1
)
 
 
Income from continuing operations
 
(10
)
 
(10
)
 
 
Less: Income from continuing operations attributable to noncontrolling interests and redeemable stock of subsidiaries
 
—

 
3

 
 
Net income attributable to The AES Corporation
 
$
(10
)
 
$
(7
)
Amortization of defined benefit pension actuarial loss, net
 
 
 
 
 
 
Other expense
 
$
(1
)
 
$
(1
)
 
 
Income from continuing operations before taxes and equity in earnings of affiliates
 
(1
)
 
(1
)
 
 
Income from continuing operations
 
(1
)
 
(1
)
 
 
Loss from operations of discontinued businesses
 
—

 
(1
)
 
 
Net income
 
(1
)
 
(2
)
 
 
Net income attributable to The AES Corporation
 
$
(1
)
 
$
(2
)
Total reclassifications for the period, net of income tax and noncontrolling interests
 
$
(11
)
 
$
7


Common Stock Dividends — The Parent Company paid dividends of $0.1365 per outstanding share to its common stockholders during the first quarter of 2019 for dividends declared in December 2018.
On February 22, 2019, the Board of Directors declared a quarterly common stock dividend of $0.1365 per share payable on May 15, 2019, to shareholders of record at the close of business on May 1, 2019.