Discontinued Operations and Held-For-Sale Businesses (Tables)

12 Months Ended

Dec. 31, 2019

Discontinued Operations [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

Excluding any impairment charge or gain/loss on sale, pre-tax income (loss) attributable to AES of disposed businesses was as follows (in millions):

Year Ended December 31,	2019			2018		2017
Kilroot and Ballylumford	$	(1	)	$	35	$	38
Stuart and Killen (1)(2)	52			77		17
Shady Point	(5		)	19		19
Masinloc	—			9		103
Zimmer and Miami Fort	—			—		26
Kazakhstan Hydroelectric	—			—		33
Other	—			21		39
Total	$	46		$	161	$	275

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⁽¹⁾  After the retirement of Stuart and Killen in 2018, the Company entered into contracts to buy back all open capacity years for the plants at prices lower than the PJM capacity revenue prices. As such, the Company continued to earn capacity margin until the plants were transferred in December 2019.

⁽²⁾ 

Reductions in the asset retirement obligations for ash ponds and landfills at Stuart and Killen in 2018 resulted in a $32 million reduction to cost of sales. See Note 4—Asset Retirement Obligations for further information.

Discontinued operations, major line items constituting income (loss) from discontinued operation [Table Text Block]

The following table summarizes the major line items constituting loss from discontinued operations for the period indicated (in millions):

December 31,	2017
Income (loss) from discontinued operations, net of tax:
Revenue — regulated	$	3,320
Cost of sales	(3,151		)
Other income and expense items that are not major (1)	(166		)
Income from operations of discontinued businesses	3
Loss from disposal and impairments of discontinued businesses	(611		)
Loss from discontinued operations	(608		)
Less: Net income attributable to noncontrolling interests	(25		)
Loss from discontinued operations attributable to The AES Corporation	(633		)
Income tax expense	(21		)
Loss from discontinued operations, net of tax	$	(654	)

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⁽¹⁾ 

Includes a loss contingency recognized by our equity method investment in discontinued operations.

Operating and Investing cash flow impact for discontinued operations [Table Text Block]

The following table summarizes the operating and investing cash flows from discontinued operations for the period indicated (in millions):

December 31,	2017
Cash flows provided by operating activities of discontinued operations	$	164
Cash flows used in investing activities of discontinued operations	(288		)