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Debt (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Non-recourse debt [Table Text Block] During the year ended December 31, 2023, the Company’s following subsidiaries had significant debt issuances (in millions):
Subsidiary
Issuances (1)
AES Clean Energy
$2,654 
Netherlands and Colon
350 
AES Indiana
300 
AES Ohio300 
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(1)These amounts do not include revolving credit facility activity at the Company's subsidiaries.
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,
20232022
Variable Rate:
Bank loans7.39%2024 - 2045$5,568 $3,306 
Notes and bonds4.62%2024 - 20471,768 2,137 
Revolver borrowings
7.18%2024 - 20272,356 1,832 
Other11.85%2024 - 203031 71 
Fixed Rate:
Bank loans7.20%2024 - 20641,473 461 
Notes and bonds5.09%2024 - 207911,228 11,130 
Other (1)
5.90%2024 - 206153 801 
Unamortized (discount) premium & debt issuance (costs), net(333)(309)
Subtotal $22,144 $19,429 
Less: Current maturities (2)
(3,924)(1,752)
Noncurrent maturities (2)
$18,220 $17,677 
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(1)    Other fixed rate debt as of December 31, 2022 includes $756 million at Mong Duong, which was classified as held and used as of December 31, 2022, but is classified as held-for-sale as of December 31, 2023. See Note 24—Held-for-Sale and Dispositions for further information.
(2)    Excludes $8 million and $6 million (current) and $262 million and $169 million (noncurrent) finance lease liabilities included in the respective non-recourse debt line items on the Consolidated Balance Sheets as of December 31, 2023 and 2022, respectively. See Note 14—Leases for further information.
Schedule For Maturity For Non-Recourse Debt
The following table summarizes the amounts due under our non-recourse debt agreements for the next five years and thereafter, as of December 31, 2023 (in millions):
December 31,Annual Maturities
2024$3,935 
20252,232 
20263,515 
20272,566 
2028932 
Thereafter9,297 
Unamortized (discount) premium & debt issuance (costs), net(333)
Total$22,144 
Debt In Default Table
The following table summarizes the Company's subsidiary non-recourse debt in default (in millions) as of December 31, 2023. Due to the defaults, these amounts are included in the current portion of non-recourse debt:
Primary Nature
of Default		December 31, 2023
SubsidiaryDebt in DefaultNet Assets
AES Mexico Generation Holdings (TEG and TEP)Covenant$150 $24 
AES Puerto RicoCovenant/Payment143 (170)
AES Ilumina (Puerto Rico)Covenant25 29 
AES Jordan SolarCovenant7 11 
Total$325 
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, 2023December 31, 2022
Senior Variable Rate Term LoanSOFR + 1.125%2024$200 $200 
Senior Unsecured Note3.30%2025900 900 
Senior Unsecured Note1.375%2026800 800 
Drawings on revolving credit facilitySOFR + 1.75%2027— 325 
Senior Unsecured Note5.45%2028900 — 
Senior Unsecured Note3.95%2030700 700 
Senior Unsecured Note2.45%20311,000 1,000 
Unamortized (discount) premium & debt issuance (costs), net(36)(31)
Subtotal$4,464 $3,894 
Less: Current maturities(200)— 
Noncurrent maturities$4,264 $3,894 
December 31,
Interest RateMaturity20232022
Senior Variable Rate Term LoanSOFR + 1.125%2024$200 $200 
Senior Unsecured Note3.30%2025900 900 
Senior Unsecured Note1.375%2026800 800 
Drawings on revolving credit facilitySOFR + 1.75%2027— 325 
Senior Unsecured Note5.45%2028900 — 
Senior Unsecured Note3.95%2030700 700 
Senior Unsecured Note2.45%20311,000 1,000 
Unamortized (discounts)/premiums & debt issuance (costs)(36)(31)
Subtotal$4,464 $3,894 
Less: Current maturities(200)— 
Noncurrent maturities
$4,264 $3,894 
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,
Annual Maturities
2024$200 
2025900 
2026800 
2027— 
2028900 
Thereafter1,700 
Unamortized (discount) premium & debt issuance (costs), net(36)
Total recourse debt$4,464 
As of December 31, 2023 scheduled maturities are presented in the following table (in millions):
December 31,Annual Maturities
2024$200 
2025900 
2026800 
2027— 
2028900 
Thereafter1,700 
Unamortized (discount)/premium & debt issuance (costs), net(36)
Total debt$4,464