Leases (Tables)

3 Months Ended

Mar. 31, 2021

Leases [Abstract]

Operating Lease, Lease Income [Table Text Block]

The following table presents lease revenue from operating leases in which the Company is the lessor for the periods indicated (in millions):

	Three Months Ended March 31,
Operating Lease Income	2021		2020
Total Lease Revenue	$	143	$	135
Less: Variable Lease Revenue	14		11
Total Non-Variable Lease Revenue	$	129	$	124

Sales-type Lease, Lease Income [Table Text Block]

The following table shows the future lease receipts as of March 31, 2021 for the remainder of 2021 through 2025 and thereafter (in millions):

	Future Cash Receipts for
	Sales-Type Leases (1)		Operating Leases
2021	$	15	$	361
2022	20		467
2023	20		404
2024	20		404
2025	20		405
Thereafter	309		1,032
Total	$	404	$	3,073
Less: Imputed interest	(184)
Present value of total lease receipts	$	220

_______________________________

(1)The sales-type lease receivable balance is primarily related to AES Energy Storage Alamitos project that commenced in January 2021.

^[1]

Property, Plant, and Equipment, Lessor Asset under Operating Lease

The following table presents the underlying gross assets and accumulated depreciation of operating leases included in Property, Plant and Equipment for the periods indicated (in millions):

Property, Plant and Equipment	March 31, 2021		December 31, 2020
Gross Assets	$	2,588	$	3,103
Accumulated Depreciation	(773)		(1,011)
Net Assets (1)	$	1,815	$	2,092

_______________________________

(1)The decrease in net assets is primarily related to the asset impairment at Puerto Rico. See Note 15—Asset Impairment Expense for further information.

^[2]

[1] The sales-type lease receivable balance is primarily related to AES Energy Storage Alamitos project that commenced in January 2021.

[2] The decrease in net assets is primarily related to the asset impairment at Puerto Rico. See Note 15—Asset Impairment Expense for further information.