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Debt (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Non-recourse debt [Table Text Block] During the year ended December 31, 2021, the Company's subsidiaries had the following significant debt transactions:
SubsidiaryTransaction PeriodIssuancesRepaymentsLoss on Extinguishment of Debt
AES BrasilQ1, Q4412 (382)(27)
AES Clean Energy Development (1)
Q3, Q4502 — — 
Andres (2)
Q2300 (274)(14)
AES AndesQ3— (129)(14)
IPALCOQ395 (95)— 
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(1)Issuances relate to AES Clean Energy and AES Renewable Holdings.
(2)Repayments relate to Andres and DPP.
Carrying Amount and Terms of Non-Recourse Debt The following table summarizes the carrying amount and terms of non-recourse debt at our subsidiaries as of the periods indicated (in millions):
NON-RECOURSE DEBTWeighted Average Interest RateMaturityDecember 31,
20212020
Variable Rate:
Bank loans1.89%2022 - 2079$2,345 $3,494 
Notes and bonds1.01%2022 - 20411,121 800 
Debt to (or guaranteed by) multilateral, export credit agencies or development banks (1)
2.07%2023 - 202679 457 
Other4.44%2022 - 2027125 — 
Fixed Rate:
Bank loans3.58%2022 - 2033359 2,965 
Notes and bonds5.03%2022 - 207910,914 8,907 
Debt to (or guaranteed by) multilateral, export credit agencies or development banks (1)
6.75%20243 34 
Other7.06%2022 - 206179 18 
Unamortized (discount) premium & debt issuance (costs), net(214)(321)
Subtotal $14,811 $16,354 
Less: Current maturities (2)
(1,361)(1,426)
Noncurrent maturities (2) (3)
$13,450 $14,928 
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(1)    Multilateral loans include loans funded and guaranteed by bilaterals, multilaterals, development banks and other similar institutions.
(2)    Excludes $6 million and $4 million (current) and $128 million and $77 million (noncurrent) finance lease liabilities included in the respective non-recourse debt line items on the Consolidated Balance Sheet as of December 31, 2021 and 2020, respectively. See Note 14—Leases for further information.
(3)    Excludes $25 million of failed sale-leaseback transaction liabilities included in the non-recourse debt line items on the Consolidated Balance Sheet as of December 31, 2021.
Schedule For Maturity For Non-Recourse Debt
Non-recourse debt as of December 31, 2021 is scheduled to reach maturity as shown below (in millions):
December 31,Annual Maturities
2022$1,370 
2023874 
20241,378 
20251,393 
2026815 
Thereafter9,195 
Unamortized (discount) premium & debt issuance (costs), net(214)
Total$14,811 
Debt In Default Table
The following table summarizes the Company's subsidiary non-recourse debt in default (in millions) as of December 31, 2021. Due to the defaults, these amounts are included in the current portion of non-recourse debt:
Primary Nature
of Default		December 31, 2021
SubsidiaryDebt in DefaultNet Assets
AES Puerto RicoCovenant$201 $(182)
AES Ilumina (Puerto Rico)Covenant29 25 
AES Jordan SolarCovenant7 5 
Total$237 
Schedule of Recourse Debt Detail The following table summarizes the carrying amount and terms of recourse debt of the Company as of the periods indicated (in millions):
Interest RateFinal MaturityDecember 31, 2021December 31, 2020
Senior Unsecured Note3.30%2025900 900 
Drawings on revolving credit facilityLIBOR + 1.75%2026365 70 
Senior Unsecured Note1.375%2026800 800 
Senior Unsecured Note3.95%2030700 700 
Senior Unsecured Note2.45%20311,000 1,000 
Other (1)
CDI + 7.00%202225 18 
Unamortized (discount) premium & debt issuance (costs), net(36)(41)
Subtotal$3,754 $3,447 
Less: Current maturities(25)(1)
Noncurrent maturities$3,729 $3,446 
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(1)Represents project-level limited recourse debt at AES Holdings Brasil Ltda.
December 31,
Interest RateMaturity20212020
Senior Unsecured Note3.30%2025900 900 
Drawings on revolving credit facilityLIBOR + 1.75%2026365 70 
Senior Unsecured Note1.375%2026800 800 
Senior Unsecured Note3.95%2030700 700 
Senior Unsecured Note2.45%20311,000 1,000 
Unamortized (discounts)/premiums & debt issuance (costs)(36)(40)
Total$3,729 $3,430 
Schedule of Future Maturities of Recourse Debt
The following table summarizes the principal amounts due under our recourse debt for the next five years and thereafter (in millions):
December 31,Net Principal Amounts Due
2022$25 
2023— 
2024— 
2025900 
20261,165 
Thereafter1,700 
Unamortized (discount) premium & debt issuance (costs), net(36)
Total recourse debt$3,754 
As of December 31, 2021 scheduled maturities are presented in the following table (in millions):
December 31,Annual Maturities
2022$— 
2023— 
2024— 
2025900 
20261,165 
Thereafter1,700 
Unamortized (discount)/premium & debt issuance (costs)(36)
Total debt$3,729