Equity (Tables)

9 Months Ended

Sep. 30, 2023

Components Of Accumulated Other Comprehensive Income

The following table summarizes the changes in AOCL by component, net of tax and NCI, for the nine months ended September 30, 2023 (in millions):


	Foreign currency translation adjustment, net		Unrealized derivative gains (losses), net		Unfunded pension obligations, net		Total
Balance at the beginning of the period	$	(1,828)	$	211	$	(23)	$	(1,640)
Other comprehensive income before reclassifications	71		227		—		298
Amount reclassified to earnings	—		(45)		—		(45)
Other comprehensive income	71		182		—		253
Reclassification to NCI due to sales	—		(23)		—		(23)
Balance at the end of the period	$	(1,757)	$	370	$	(23)	$	(1,410)

Schedule Of Amounts Reclassified Out Of Accumulated Other Comprehensive Income

Reclassifications out of AOCL are presented in the following table. Amounts for the periods indicated are in millions and those in parentheses indicate debits to the Condensed Consolidated Statements of Operations:


AOCL Components	Affected Line Item in the Condensed Consolidated Statements of Operations	Three Months Ended September 30,				Nine Months Ended September 30,
		2023		2022		2023		2022





Derivative gains (losses), net
	Non-regulated revenue	$	—	$	—	$	(8)	$	(1)
	Non-regulated cost of sales	(1)		(5)		(2)		(7)
	Interest expense	(3)		(9)		13		(42)
	Gain (loss) on disposal and sale of business interests	—		—		33		—
	Asset impairment expense	—		—		—		(16)
	Foreign currency transaction gains (losses)	—		2		(3)		2
	Income from continuing operations before taxes and equity in earnings of affiliates	(4)		(12)		33		(64)
	Income tax expense	—		(1)		(11)		12
	Net equity in losses of affiliates	5		(1)		27		—

	Net income	1		(14)		49		(52)
	Less: Net income attributable to noncontrolling interests and redeemable stock of subsidiaries	1		3		(4)		11
	Net income attributable to The AES Corporation	$	2	$	(11)	$	45	$	(41)
Amortization of defined benefit pension actuarial gain (loss), net
	Regulated cost of sales	$	—	$	—	$	—	$	(1)


	Other expense	—		(2)		—		(2)

	Income from continuing operations before taxes and equity in earnings of affiliates	—		(2)		—		(3)
	Income tax expense	—		1		—		1



	Net income	—		(1)		—		(2)
	Less: Net income attributable to noncontrolling interests and redeemable stock of subsidiaries	—		1		—		1

	Net income attributable to The AES Corporation	$	—	$	—	$	—	$	(1)
Total reclassifications for the period, net of income tax and noncontrolling interests		$	2	$	(11)	$	45	$	(42)