XML 71 R47.htm IDEA: XBRL DOCUMENT v3.22.2
Other Income and Expense (Tables)
 6 Months Ended
Jun. 30, 2022
Other Income and Expenses [Abstract]  
Schedule of other Income and other expense [Table Text Block] The components are summarized as follows (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Other Income
Gain on remeasurement of investment (1)
$26 $— $26 $— 
Insurance proceeds (2)
16 — 16 — 
Legal settlements6 — 6 — 
AFUDC (US Utilities)2 2 5 4 
Gain on acquired customer contracts5 — 5 — 
Gain on remeasurement of contingent consideration3 — 3 — 
Gain on remeasurement to acquisition-date fair value (3)
— 176 — 212 
Other12 5 15 10 
Total other income$70 $183 $76 $226 
Other Expense
Allowance for lease receivable (4)
$20 $— $20 $— 
Loss on sale and disposal of assets5 4 9 7 
Loss on commencement of sales-type leases (5)
— — — 13 
Other
4 — 12 — 
Total other expense$29 $4 $41 $20 
_____________________________
(1)    Related to the remeasurement of our existing investment in 5B, accounted for using the measurement alternative.
(2)    Primarily related to insurance recoveries associated with property damage at TermoAndes.
(3)     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 18—Acquisitions for further information.
(4)     Related to a full allowance recognized on a sales-type lease receivable at AES Gilbert due to a fire incident in April 2022.
(5)     Related to a loss recognized at commencement of a sales-type lease at AES Renewable Holdings. See Note 9—Leases for further information.