Other Income and Expense

3 Months Ended

Mar. 31, 2022

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure [Text Block]

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):

		Three Months Ended March 31,
		2022		2021
Other Income	AFUDC (US Utilities)	$	3	$	2
	Gain on remeasurement to acquisition-date fair value (1)	—		36
	Other	3		5
	Total other income	$	6	$	43
Other Expense	Loss on sale and disposal of assets	$	4	$	3
	Loss on commencement of sales-type leases (2)	—		13
	Other	8		—
	Total other expense	$	12	$	16

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(1)    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 17—Acquisitions for further information.

(2)     Related to a loss recognized at commencement of a sales-type lease at AES Renewable Holdings. See Note 9—Leases for further information.