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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Total Revenue $ 2,483 $ 2,537 $ 5,133 $ 5,277
Cost of Goods and Services Sold (1,981) (1,937) (4,045) (4,021)
Operating margin 502 600 1,088 1,256
General and administrative expenses (49) (35) (95) (91)
Interest expense 273 263 538 544
Interest income 82 76 161 152
Loss on extinguishment of debt (51) (6) (61) (176)
Other expense (14) (4) (26) (13)
Other income 18 7 48 20
Gain (loss) on disposal and sale of business interests (3) 89 (7) 877
Asset impairment expense (116) (92) (116) (92)
Foreign currency transaction gains (losses) 22 (30) 18 (49)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES 118 342 472 1,340
Income tax expense 57 132 172 363
Net equity in earnings (losses) of affiliates 5 14 (1) 25
INCOME FROM CONTINUING OPERATIONS 66 224 299 1,002
Loss from operations of discontinued businesses, net of income tax expense of $0, $2, $0, and $2, respectively 0 (4) 0 (5)
Gain from disposal of discontinued businesses, net of income tax expense of $0, $42, $0, and $42, respectively 1 196 1 196
NET INCOME 67 416 300 1,193
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest (50) (128) (129) (221)
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION 17 290 171 974
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest 0 2 0 2
AMOUNTS ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS:        
Income from continuing operations, net of tax 16 96 170 781
Income from discontinued operations, net of tax 1 194 1 193
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION $ 17 $ 290 $ 171 $ 974
BASIC EARNINGS PER SHARE:        
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.02 $ 0.15 $ 0.26 $ 1.18
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax 0 0.29 0 0.29
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS 0.02 0.44 0.26 1.47
DILUTED EARNINGS PER SHARE:        
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax 0.02 0.15 0.26 1.18
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax $ 0 $ 0.29 $ 0 $ 0.29
DILUTED SHARES OUTSTANDING 667 664 667 664
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.02 $ 0.44 $ 0.26 $ 1.47
Electric Transmission [Member]        
Total Revenue $ 724 $ 716 $ 1,509 $ 1,438
Cost of Goods and Services Sold (605) (617) (1,240) (1,218)
Electricity, Generation [Member]        
Total Revenue 1,759 1,821 3,624 3,839
Cost of Goods and Services Sold $ (1,376) $ (1,320) $ (2,805) $ (2,803)