Discontinued Operations and Held for sale businesses (Tables)

3 Months Ended

Mar. 31, 2019

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

Jordan — In February 2019, the Company entered into an agreement to sell its 36% ownership interest in two generation plants, IPP1 and IPP4, and a solar project under construction in Jordan for $86 million, plus capital contributions to the solar project of approximately $5 million. The sale of IPP1 and IPP4 is expected to close during the second quarter of 2019, and the sale of the solar project during the second half of 2019, once construction is completed. As of March 31, 2019, IPP1 and IPP4 were classified as held-for-sale, but did not meet the criteria to be reported as discontinued operations. The solar project under construction did not meet the held-for-sale criteria. On a consolidated basis, the carrying value of the plants held-for-sale as of March 31, 2019 was $105 million. Pre-tax income attributable to AES was immaterial for the three months ended March 31, 2019 and 2018. Jordan is reported in the Eurasia SBU reportable segment.

Shady Point — In December 2018, the Company entered into an agreement to sell Shady Point, a U.S. coal-fired generating facility, for $30 million, subject to customary purchase price adjustments. The sale is subject to regulatory approval and is expected to close during the second half of 2019. As of March 31, 2019, Shady Point was classified as held-for-sale, but did not meet the criteria to be reported as discontinued operations. Shady Point's carrying value as of March 31, 2019 was $30 million. Pre-tax income attributable to AES was immaterial for the three months ended March 31, 2019 and 2018. Shady Point is reported in the US and Utilities SBU reportable segment.

Redondo Beach — In October 2018, the Company entered into an agreement to sell land held by AES Redondo Beach, a gas-fired generating facility in California. The sale is expected to close during 2019. As of March 31, 2019, the $24 million carrying value of the land held by Redondo Beach was classified as held-for-sale. Redondo Beach is reported in the US and Utilities SBU reportable segment.

Disposal Groups, Including Discontinued Operations [Table Text Block]

Excluding any impairment charges or gain/loss on sale, pre-tax income attributable to AES of disposed businesses for the three months ended March 31, 2018 was as follows:

	Three Months Ended March 31,
(in millions)	2018
Masinloc	$	9
DPL peaker assets	7
Total	$	16