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Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
Quarterly Financial Data — The following tables summarize the unaudited quarterly Condensed Consolidated Statements of Operations for the Company for 2020 and 2019 (amounts in millions, except per share data). Amounts have been restated to reflect discontinued operations in all periods presented and reflect all adjustments necessary in the opinion of management for a fair statement of the results for interim periods.
Quarter Ended 2020Mar 31Jun 30Sep 30Dec 31
Revenue$2,338 $2,217 $2,545 $2,560 
Operating margin507 524 756 906 
Income (loss) from continuing operations, net of tax (1)
229 — (481)401 
Income from discontinued operations, net of tax— 3 — — 
Net income (loss)$229 $3 $(481)$401 
Net income (loss) attributable to The AES Corporation$144 $(83)$(333)$318 
Basic earnings (loss) per share:
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax$0.22 $(0.13)$(0.50)$0.48 
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax— 0.01 — — 
Net income (loss) attributable to The AES Corporation common stockholders$0.22 $(0.12)$(0.50)$0.48 
Diluted earnings (loss) per share:
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax$0.22 $(0.13)$(0.50)$0.47 
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax— 0.01 — — 
Net income (loss) attributable to The AES Corporation common stockholders$0.22 $(0.12)$(0.50)$0.47 
Dividends declared per common share$0.14 $— $0.14 $0.29 
Quarter Ended 2019Mar 31Jun 30Sep 30Dec 31
Revenue
$2,650 $2,483 $2,625 $2,431 
Operating margin586 502 701 560 
Income (loss) from continuing operations, net of tax (2)
233 66 298 (120)
Income from discontinued operations, net of tax— 1 — — 
Net income (loss)$233 $67 $298 $(120)
Net income (loss) attributable to The AES Corporation$154 $17 $210 $(78)
Basic earnings (loss) per share:
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax$0.23 $0.02 $0.32 $(0.12)
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax— — — — 
Net income (loss) attributable to The AES Corporation common stockholders
$0.23 $0.02 $0.32 $(0.12)
Diluted earnings (loss) per share:
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax$0.23 $0.02 $0.32 $(0.12)
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax— — — — 
Net income (loss) attributable to The AES Corporation common stockholders
$0.23 $0.02 $0.32 $(0.12)
Dividends declared per common share
$0.14 $— $0.14 $0.28 
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(1)Includes pre-tax impairment expense of $849 million in the third quarter of 2020 (See Note 22—Asset Impairment Expense), other-than-temporary impairment of OPGC of $43 million and $158 million in the first and second quarters of 2020, respectively, and net equity in losses of affiliates, primarily at Guacolda, of $112 million in the third quarter of 2020 (See Note 8—Investments in and Advances to Affiliates).
(2)Includes pre-tax impairment expense of $116 million and $69 million in the second and fourth quarters of 2019, respectively (See Note 22—Asset Impairment Expense), other-than-temporary impairment of OPGC of $92 million, and net equity in losses of affiliates, primarily at Guacolda, of $175 million in the fourth quarter of 2019 (See Note 8—Investments in and Advances to Affiliates).