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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Tax Expense On Continuing Operations

	December 31,
	2011		2010		2009

	(in millions)
Federal:
Current	$	-	$	(8)	$	3
Deferred		(146)		(121)		(164)
State:
Current		1		1		-
Deferred		2		(19)		(10)
Foreign:
Current		852		678		527
Deferred		(73)		48		201
Total	$	636	$	579	$	557

Reconciliation Of US Federal Income Tax Rates And AES Effective Tax Rate For The Current And Two Prior Years

	December 31,
	2011	2010	2009
Statutory Federal tax rate	35%	35%	35%
State taxes, net of Federal tax benefit	0%	-2%	-1%
Taxes on foreign earnings	-3%	-2%	-5%
Valuation allowance	-3%	0%	0%
Gain (loss) on sale of businesses	0%	4%	-3%
Chilean withholding tax reversals	0%	-3%	0%
Other - net	0%	-1%	-1%
Effective tax rate	29%	31%	25%

Schedule Of Income Tax Payable And Receivable

	December 31,
	2011		2010

	(in millions)
Income taxes receivable - current	$	565	$	504
Income taxes receivable - noncurrent		21		21
Total income taxes receivable	$	586	$	525

Income taxes payable - current	$	773	$	678
Income taxes payable - noncurrent		3		5
Total income taxes payable	$	776	$	683

Summary Of Deferred Tax Assets And Liabilities

	December 31,
	2011		2010

	(in millions)
Differences between book and tax basis of property	$	1,895	$	1,260
Cumulative translation adjustment		38		94
Other taxable temporary differences		341		390
Total deferred tax liability		2,274		1,744

Operating loss carryforwards		(1,482)		(1,615)
Capital loss carryforwards		(112)		(84)
Bad debt and other book provisions		(465)		(522)
Retirement costs		(359)		(313)
Tax credit carryforwards		(46)		(52)
Other deductible temporary differences		(517)		(390)
Total gross deferred tax asset		(2,981)		(2,976)
Less: valuation allowance		906		1,280
Total net deferred tax asset		(2,075)		(1,696)
Net deferred tax (asset)/liability	$	199	$	48

Income Before Income Taxes, Foreign And Domestic

	December 31,
	2011		2010		2009

	(in millions)
U.S.	$	(514)	$	(527)	$	(1,028)
Non-U.S.		2,693		2,392		3,296
Total	$	2,179	$	1,865	$	2,268

Tax Years Potentially Subject To Examination And Jurisdictions

	Jurisdiction		Tax Years Subject to Examination

	Argentina		2005-2011
	Brazil		2006-2011
	Cameroon		2007-2011
	Chile		1998-2011
	Colombia		2008-2011
	El Salvador		2008-2011
	United Kingdom		2008-2011
	United States (Federal)		1994-2011

Summary Of Income Tax Contingencies Text Block

	2011		2010		2009

	(in millions)
Balance at January 1	$	437	$	510	$	554
Additions for current year tax positions		7		14		72
Additions for tax positions of prior years		49		51		7
Reductions for tax positions of prior years		(18)		(46)		(9)
Effects of foreign currency translation		(1)		(2)		6
Settlements		-		(67)		(104)
Lapse of statute of limitations		(3)		(23)		(16)
Balance at December 31	$	471	$	437	$	510

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details

- Definition

Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded.

+ References+ Details