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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2019
Income Tax Disclosure [Abstract]  
Income from Continuing Operations before taxes and equity in earnings of affiliates [Table Text Block]
The following table shows the income (loss) from continuing operations, before income taxes, net equity in earnings of affiliates and noncontrolling interests, for the periods indicated (in millions):
December 31,
 
2019
 
2018
 
2017
U.S.
 
$
(57
)
 
$
(218
)
 
$
(511
)
Non-U.S.
 
1,058

 
2,236

 
1,282

Total
 
$
1,001

 
$
2,018

 
$
771


Income Tax Expense On Continuing Operations The following table summarizes the expense for income taxes on continuing operations for the periods indicated (in millions):
December 31,
 
2019
 
2018
 
2017
Federal:
Current
$
(7
)
 
$
7

 
$

 
Deferred
(4
)
 
186

 
545

State:
Current
(1
)
 
2

 

 
Deferred

 
5

 
1

Foreign:
Current
368

 
378

 
335

 
Deferred
(4
)
 
130

 
109

Total
 
$
352

 
$
708

 
$
990


Reconciliation Of US Federal Income Tax Rates And AES Effective Tax Rate For The Current And Two Prior Years The following table summarizes a reconciliation of the U.S. statutory federal income tax rate to the Company's effective tax rate as a percentage of income from continuing operations before taxes for the periods indicated:
December 31,
 
2019
 
2018
 
2017
Statutory Federal tax rate
 
21
 %
 
21
 %
 
35
 %
State taxes, net of Federal tax benefit
 
6
 %
 
2
 %
 
(7
)%
Taxes on foreign earnings
 
12
 %
 
9
 %
 
 %
Valuation allowance
 
(2
)%
 
(2
)%
 
10
 %
Change in tax law
 
(1
)%
 
6
 %
 
90
 %
Other—net
 
(1
)%
 
(1
)%
 
 %
Effective tax rate
 
35
 %
 
35
 %
 
128
 %

Schedule Of Income Tax Payable And Receivable The following table summarizes the income taxes receivable and payable as of the periods indicated (in millions):
December 31,
 
2019
 
2018
Income taxes receivable—current
 
$
131

 
$
163

Income taxes receivable—noncurrent
 
10

 
8

Total income taxes receivable
 
$
141

 
$
171

Income taxes payable—current
 
$
172

 
$
210

Income taxes payable—noncurrent
 

 
7

Total income taxes payable
 
$
172

 
$
217


Summary Of Deferred Tax Assets And Liabilities
The following table summarizes deferred tax assets and liabilities, as of the periods indicated (in millions):
December 31,
 
2019
 
2018
Differences between book and tax basis of property
 
$
(1,426
)
 
$
(1,418
)
Other taxable temporary differences
 
(287
)
 
(243
)
Total deferred tax liability
 
(1,713
)
 
(1,661
)
Operating loss carryforwards
 
1,060

 
1,066

Capital loss carryforwards
 
57

 
52

Bad debt and other book provisions
 
74

 
62

Tax credit carryforwards
 
33

 
55

Other deductible temporary differences
 
256

 
111

Total gross deferred tax asset
 
1,480

 
1,346

Less: valuation allowance
 
(824
)
 
(868
)
Total net deferred tax asset
 
656

 
478

Net deferred tax liability
 
$
(1,057
)
 
$
(1,183
)

Uncertain Tax Positions [Table Text Block] The following table shows the total amount of gross accrued income taxes related to interest and penalties included in the Consolidated Balance Sheets for the periods indicated (in millions):
December 31,
 
2019
 
2018
Interest related
 
$
2

 
$
4

Penalties related
 

 

The following table shows the expense/(benefit) related to interest and penalties on unrecognized tax benefits for the periods indicated (in millions):
December 31,
 
2019
 
2018
 
2017
Total expense (benefit) for interest related to unrecognized tax benefits
 
$
(2
)
 
$
(3
)
 
$
1

Total expense for penalties related to unrecognized tax benefits
 

 

 


Tax Years Potentially Subject To Examination And Jurisdictions The following is a summary of tax years potentially subject to examination in the significant tax and business jurisdictions in which we operate:
Jurisdiction
 
Tax Years Subject to Examination
Argentina
 
2014-2019
Brazil
 
2014-2019
Chile
 
2016-2019
Colombia
 
2016-2019
Dominican Republic
 
2015-2019
El Salvador
 
2017-2019
Netherlands
 
2013-2019
Panama
 
2016-2019
United Kingdom
 
2016-2019
United States (Federal)
 
2016-2019

Unrecognized Tax Benefits
The following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated (in millions):
 
 
2019
 
2018
 
2017
Balance at January 1
 
$
463

 
$
348

 
$
352

Additions for current year tax positions
 
6

 
2

 

Additions for tax positions of prior years
 
4

 
146

 
2

Reductions for tax positions of prior years
 
(5
)
 
(26
)
 
(5
)
Lapse of statute of limitations
 
(3
)
 
(7
)
 
(1
)
Balance at December 31
 
$
465

 
$
463

 
$
348