XML 75 R31.htm IDEA: XBRL DOCUMENT v3.22.0.1
Other Income and Expense
 12 Months Ended
Dec. 31, 2021
Other Income and Expenses [Abstract]  
OTHER INCOME AND EXPENSE OTHER INCOME AND EXPENSE
Other income generally includes gains on insurance recoveries in excess of property damage, gains on asset sales and liability extinguishments, favorable judgments on contingencies, allowance for funds used during construction, and other income from miscellaneous transactions. Other expense generally includes losses on asset sales and dispositions, losses on legal contingencies, defined benefit plan non-service costs, and losses from other miscellaneous transactions. The components are summarized as follows (in millions):
Year Ended December 31,202120202019
Other Income
Gain on remeasurement to acquisition-date fair value (1)
$254 $— $— 
Legal settlements (2)
53 — — 
Gain on remeasurement of contingent consideration (3)
28 — — 
Gain on sale of assets (4)
24 46 — 
Gain on pension curtailment11 — — 
Non-service pension income10 — — 
AFUDC (US Utilities)8 5 3 
Gain on insurance proceeds (5)
— — 118 
Other22 24 24 
Total other income$410 $75 $145 
Other Expense
Loss on sale and disposal of assets (6)
$14 $7 $22 
Loss on commencement of sales-type leases (7)
13 — 36 
Loss on sale of receivables (8)
9 20 — 
Legal contingencies and settlements2 15 2 
Non-service pension and other postretirement costs— 2 17 
Other22 9 3 
Total other expense$60 $53 $80 
_____________________________
(1)Primarily related to the remeasurement of our existing equity interest in sPower’s development platform as part of the step acquisition to form AES Clean Energy Development. See Note 25—Acquisitions for further information.
(2)Primarily related to settlement of legal arbitration at Alto Maipo.
(3)Primarily related to the remeasurement of contingent consideration on the Great Cove Solar acquisition at Clean Energy See Note 25—Acquisitions for further information.
(4)For the year ended December 31, 2020, primarily associated with the gain on sale of Redondo Beach land at Southland. See Note 24—Held-for-Sale and Dispositions for further information.
(5)Associated with recoveries for property damage at the Andres facility in the Dominican Republic from a lightning incident in September 2018 and the upgrade of the tunnel lining at Changuinola.
(6)For the year ended December 31, 2019, associated with a loss due to the upgrade of the tunnel lining at Changuinola.
(7)Related to losses recognized at commencement of sales-type leases at AES Renewable Holdings. See Note 14—Leases for further information.
(8)Associated with a loss on sale of Stabilization Fund receivables at AES Andes. See Note 7—Financing Receivables for further information.