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Segment and Geographic Information
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION SEGMENTS AND GEOGRAPHIC INFORMATION
The segment reporting structure uses the Company's management reporting structure as its foundation to reflect how the Company manages the businesses internally and is mainly organized by geographic regions which provides a socio-political-economic understanding of our business. The management reporting structure is organized by four SBUs led by our President and Chief Executive Officer: US and Utilities, South America, MCAC, and Eurasia SBUs. Using the accounting guidance on segment reporting, the Company determined that its four operating segments are aligned with its four reportable segments corresponding to its SBUs.
Corporate and Other — Included in "Corporate and Other" are the results of the AES self-insurance company and certain equity affiliates, corporate overhead costs which are not directly associated with the operations of our four reportable segments, and certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation.
The Company uses Adjusted PTC as its primary segment performance measure. Adjusted PTC, a non-GAAP measure, is defined by the Company as pre-tax income from continuing operations attributable to The AES Corporation excluding gains or losses of the consolidated entity due to (a) unrealized gains or losses related to derivative transactions and equity securities; (b) unrealized foreign currency gains or losses; (c) gains, losses, benefits and costs associated with dispositions and acquisitions of business interests, including early plant closures, and gains and losses recognized at commencement of sales-type leases; (d) losses due to impairments; (e) gains, losses and costs due to the early retirement of debt; (f) costs directly associated with a major restructuring program, including, but not limited to, workforce reduction efforts, relocations, and office consolidation; and (g) net gains at Angamos, one of our businesses in the South America SBU, associated with the early contract terminations with Minera Escondida and Minera Spence. Adjusted PTC also includes net equity in earnings of affiliates on an after-tax basis adjusted for the same gains or losses excluded from consolidated entities. The Company has concluded Adjusted PTC better reflects the underlying business performance of the Company and is the most relevant measure considered in the Company's internal evaluation of the financial performance of its segments. Additionally, given its large number of businesses and complexity, the Company concluded that Adjusted PTC is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the Company's results.    
Revenue and Adjusted PTC are presented before inter-segment eliminations, which includes the effect of intercompany transactions with other segments except for interest, charges for certain management fees, and the write-off of intercompany balances, as applicable. All intra-segment activity has been eliminated within the segment. Inter-segment activity has been eliminated within the total consolidated results.
The following tables present financial information by segment for the periods indicated (in millions):
Total Revenue
Year Ended December 31,202020192018
US and Utilities SBU$3,918 $4,058 $4,230 
South America SBU3,159 3,208 3,533 
MCAC SBU1,766 1,882 1,728 
Eurasia SBU828 1,047 1,255 
Corporate and Other231 46 41 
Eliminations(242)(52)(51)
Total Revenue$9,660 $10,189 $10,736 
Reconciliation from Income from Continuing Operations before Taxes and Equity in Earnings of Affiliates:Total Adjusted PTC
Year Ended December 31,
202020192018
Income from continuing operations before taxes and equity in earnings of affiliates$488 $1,001 $2,018 
Add: Net equity in earnings (losses) of affiliates(123)(172)39 
Less: Income from continuing operations before taxes, attributable to noncontrolling interests(192)(277)(509)
Pre-tax contribution173 552 1,548 
Unrealized derivative and equity securities losses (gains)3 113 33 
Unrealized foreign currency losses (gains)(10)36 51 
Disposition/acquisition losses (gains)112 12 (934)
Impairment losses928 406 307 
Loss on extinguishment of debt223 121 180 
Net gains from early contract terminations at Angamos(182)— — 
Total Adjusted PTC$1,247 $1,240 $1,185 
Total Adjusted PTC
Year Ended December 31,202020192018
US and Utilities SBU$505 $569 $511 
South America SBU534 504 519 
MCAC SBU287 367 300 
Eurasia SBU177 159 222 
Corporate and Other(256)(347)(346)
Eliminations— (12)(21)
Total Adjusted PTC$1,247 $1,240 $1,185 
Total AssetsDepreciation and AmortizationCapital Expenditures
Year Ended December 31, 202020192018202020192018202020192018
US and Utilities SBU$14,464 $13,334 $12,286 $534 $465 $449 $1,099 $1,484 $1,373 
South America SBU11,329 11,314 10,941 294 315 300 650 692 662 
MCAC SBU4,847 4,770 4,462 164 183 141 183 344 302 
Eurasia SBU3,621 3,990 4,538 63 67 99 9 30 51 
Corporate and Other342 240 294 13 15 14 19 1 8 
Total$34,603 $33,648 $32,521 $1,068 $1,045 $1,003 $1,960 $2,551 $2,396 
Interest IncomeInterest Expense
Year Ended December 31, 202020192018202020192018
US and Utilities SBU$17 $18 $10 $371 $301 $287 
South America SBU64 95 92 237 285 283 
MCAC SBU14 22 20 157 142 124 
Eurasia SBU171 180 186 113 127 145 
Corporate and Other2 3 2 160 195 217 
Total$268 $318 $310 $1,038 $1,050 $1,056 
Investments in and Advances to AffiliatesNet Equity in Earnings (Losses) of Affiliates
Year Ended December 31, 202020192018202020192018
US and Utilities SBU$568 $465 $538 $(8)$11 $35 
South America SBU13 77 213 (80)(129)15 
MCAC SBU168 107 5 (11)(13)(7)
Eurasia SBU1 215 293 4 (9)14 
Corporate and Other85 102 65 (28)(32)(18)
Total$835 $966 $1,114 $(123)$(172)$39 
The following table presents information, by country, about the Company's consolidated operations for each of the three years ended December 31, 2020, 2019, and 2018, and as of December 31, 2020 and 2019 (in millions). Revenue is recorded in the country in which it is earned and assets are recorded in the country in which they are located.
Total Revenue
Long-Lived Assets (1)
Year Ended December 31, 20202019201820202019
United States (2)
$3,243 $3,230 $3,462 $10,360 $9,762 
Non-U.S.:
Chile2,092 1,839 2,087 5,831 5,982 
Dominican Republic896 877 884 843 1,006 
El Salvador666 824 768 361 351 
Panama519 601 438 1,939 1,945 
Bulgaria444 459 426 1,149 1,106 
Brazil401 525 527 1,091 1,266 
Colombia358 472 428 355 340 
Mexico349 402 399 623 649 
Argentina308 373 487 484 393 
Vietnam (3)
285 343 245 — 2 
Jordan (4)
96 95 95 44 — 
United Kingdom (5)
— 147 390 — — 
Philippines (6)
— — 93 — — 
Other Non-U.S.3 2 7 23 20 
Total Non-U.S.6,417 6,959 7,274 12,743 13,060 
Total$9,660 $10,189 $10,736 $23,103 $22,822 
_____________________________
(1)     For purposes of this disclosure, long-lived assets implies hard assets that cannot be readily removed, and thus excludes intangibles. Long-lived assets disclosed above include amounts recorded in Property, plant and equipment, net and right-of-use assets for operating leases recorded in Other noncurrent assets on the Consolidated Balance Sheets.
(2)     Includes Puerto Rico revenues of $298 million, $294 million, and $257 million for the years ended December 31, 2020, 2019, and 2018, respectively, and long-lived assets of $533 million and $538 million as of December 31, 2020 and 2019, respectively.
(3)     The Mong Duong 2 power project is operated under a BOT contract. Future expected payments for the construction performance obligation are recognized in Loan receivable on the Consolidated Balance Sheets as of December 31, 2019. Mong Duong assets were classified as held-for-sale as of December 31, 2020. See Notes 20—Revenue and 25—Held-For-Sale and Dispositions for further information.
(4)     The long-lived assets in Jordan were classified as held-for-sale as of December 31, 2019. As of June 30, 2020, Jordan solar assets were reclassified back to held-and-used. See Note 25—Held-For-Sale and Dispositions for further information.
(5)     The Kilroot and Ballylumford long-lived assets were deconsolidated upon completion of the sale in June 2019. See Note 25—Held-For-Sale and Dispositions for further information.
(6)     The Masinloc long-lived assets were deconsolidated upon completion of the sale in March 2018. See Note 25—Held-For-Sale and Dispositions for further information.