Equity (Tables)

3 Months Ended

Jun. 30, 2011

				Three Months Ended				Six Months Ended
				June 30,				June 30,
				2011		2010		2011		2010

				(in millions)				(in millions)
Net income				$	427	$	429	$	910	$	831
	Change in fair value of available-for-sale securities, net of income tax benefit
		of $0, $1, $1 and $4, respectively			(1)		(2)		(2)		(6)
	Foreign currency translation adjustments, net of income tax (expense) benefit
		of $(10), $3, $(14) and $7, respectively			134		408		262		234

	Derivative activity:
		Reclassification to earnings, net of income tax (expense) benefit
			of $5, $(8), $(3) and $(19), respectively		29		36		59		68
		Change in derivative fair value, net of income tax benefit
			of $34, $45, $26 and $58, respectively		(110)		(171)		(69)		(237)
	Total change in fair value of derivatives				(81)		(135)		(10)		(169)
	Change in unfunded pension obligation, net of income tax (expense)
		of $(2), $(1), $(4) and $(2), respectively			4		3		7		5
Other comprehensive income					56		274		257		64
Comprehensive income					483		703		1,167		895
Less: Comprehensive income attributable to noncontrolling interests⁽¹⁾					(339)		(280)		(664)		(404)
Comprehensive income attributable to The AES Corporation				$	144	$	423	$	503	$	491

Components Of Accumulated Other Comprehensive Income

	June 30,		December 31,
	2011		2010

	(in millions)
Foreign currency translation adjustment	$	1,706	$	1,824
Unrealized derivative losses, net		357		344
Unfunded pension obligation		214		216
Securities available-for-sale		1		(1)
Accumulated other comprehensive loss	$	2,278	$	2,383

- Definition

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

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