Credit Losses

3 Months Ended

Mar. 31, 2024

Credit Loss [Abstract]

Allowance for Credit Losses

ALLOWANCE FOR CREDIT LOSSES

The following table represents the rollforward of the allowance for credit losses for the periods indicated (in millions):

Three Months Ended March 31, 2024	Accounts Receivable		Mong Duong Receivables		Argentina Receivables		Other		Total
CECL reserve balance at beginning of period	$	15	$	26	$	7	$	16	$	64
Current period provision	4		—		—		2		6
Write-offs charged against allowance	1		—		—		—		1
Recoveries collected	(1)		(1)		—		—		(2)
Foreign exchange	—		—		(1)		—		(1)
CECL reserve balance at end of period	$	19	$	25	$	6	$	18	$	68

Three Months Ended March 31, 2023	Accounts Receivable (1)		Mong Duong Receivables		Argentina Receivables		Lease Receivable (2)		Other		Total
CECL reserve balance at beginning of period	$	3	$	28	$	30	$	20	$	2	$	83
Current period provision	2		—		—		—		6		8
Write-offs charged against allowance	(3)		—		—		—		—		(3)
Recoveries collected	1		1		—		—		—		2
Foreign exchange	—		—		(5)		—		—		(5)
CECL reserve balance at end of period	$	3	$	29	$	25	$	20	$	8	$	85

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(1)Excludes operating lease receivable allowances and contractual dispute allowances of $1 million as of March 31, 2023. These reserves are not in scope under ASC 326.

(2)Lease receivable credit losses allowance at Southland Energy (AES Gilbert).