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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Income from Continuing Operations before taxes and equity in earnings of affiliates [Table Text Block]
The following table shows the income (loss) from continuing operations, before income taxes, net equity in earnings of affiliates and noncontrolling interests, for the periods indicated (in millions):
December 31, 202220212020
U.S.$22 $622 $(135)
Non-U.S.(191)(1,686)623 
Total$(169)$(1,064)$488 
Income Tax Expense On Continuing Operations The following table summarizes the expense for income taxes on continuing operations for the periods indicated (in millions):
December 31, 202220212020
Federal:Current$3 $(2)$(8)
Deferred(18)42 (17)
State:Current2 1 — 
Deferred1 18 2 
Foreign:Current256 273 458 
Deferred21 (465)(219)
Total$265 $(133)$216 
Reconciliation Of US Federal Income Tax Rates And AES Effective Tax Rate For The Current And Two Prior Years The following table summarizes a reconciliation of the U.S. statutory federal income tax rate to the Company's effective tax rate as a percentage of income from continuing operations before taxes for the periods indicated:
December 31, 202220212020
Statutory Federal tax rate21 %21 %21 %
State taxes, net of Federal tax benefit(1)%(6)%(6)%
Taxes on foreign earnings(42)%(2)%15 %
Valuation allowance(10)%7 %16 %
Uncertain tax positions7 %16 %— %
Change in tax law— %(1)%3 %
U.S. Investment Tax Credit— %— %(8)%
Alto Maipo deconsolidation— %(17)%— %
Noncontrolling interest on Buffalo Gap impairments— %(3)%— %
Nondeductible goodwill impairments(127)%— %— %
Other—net(5)%(2)%3 %
Effective tax rate(157)%13 %44 %
Schedule Of Income Tax Payable And Receivable The following table summarizes the income taxes receivable and payable as of the periods indicated (in millions):
December 31,20222021
Income taxes receivable—current$107 $184 
Income taxes receivable—noncurrent69 2 
Total income taxes receivable$176 $186 
Income taxes payable—current$104 $133 
Income taxes payable—noncurrent— — 
Total income taxes payable$104 $133 
Summary Of Deferred Tax Assets And Liabilities
The following table summarizes deferred tax assets and liabilities, as of the periods indicated (in millions):
December 31, 20222021
Differences between book and tax basis of property$(903)$(961)
Investment in U.S. tax partnerships(582)(629)
Other taxable temporary differences(350)(418)
Total deferred tax liability(1,835)(2,008)
Operating loss carryforwards1,129 979 
Capital loss carryforwards62 77 
Bad debt and other book provisions57 380 
Tax credit carryforwards62 68 
Other deductible temporary differences282 464 
Total gross deferred tax asset1,592 1,968 
Less: Valuation allowance(577)(528)
Total net deferred tax asset1,015 1,440 
Net deferred tax liability$(820)$(568)
Uncertain Tax Positions [Table Text Block] The following table shows the total amount of gross accrued income taxes related to interest and penalties included in the Consolidated Balance Sheets for the periods indicated (in millions):
December 31,20222021
Interest related $2 $2 
Penalties related— 1 
The following table shows the expense/(benefit) related to interest and penalties on unrecognized tax benefits for the periods indicated (in millions):
December 31, 202220212020
Total benefit for interest related to unrecognized tax benefits$— $1 $— 
Total expense for penalties related to unrecognized tax benefits— 1 — 
Tax Years Potentially Subject To Examination And Jurisdictions The following is a summary of tax years potentially subject to examination in the significant tax and
business jurisdictions in which we operate:
JurisdictionTax Years Subject to Examination
Argentina2016-2022
Brazil2016-2022
Chile2019-2022
Colombia2016-2022
Dominican Republic2019-2022
El Salvador2019-2022
Netherlands2016-2022
Panama2019-2022
United Kingdom2019-2022
United States (Federal)2017-2022
Unrecognized Tax Benefits
The following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated (in millions):
202220212020
Balance at January 1$122 $458 $465 
Additions for current year tax positions4 28 — 
Additions for tax positions of prior years— 14 3 
Reductions for tax positions of prior years(16)— (6)
Settlements(3)(377)— 
Lapse of statute of limitations— (1)(4)
Balance at December 31$107 $122 $458