Equity

12 Months Ended

Dec. 31, 2012

EQUITY

Stock Repurchase Program

The Company's Board of Directors recently increased the sharebuyback authorization by $300 million, all of which is available. Under the program, the Company may repurchase stock through a variety of methods, including open market repurchases and/or privately negotiated transactions. There can be no assurances as to the amount, timing or prices of repurchases, which may vary based on market conditions and other factors. The Program does not have an expiration date and it can be modified or terminated by the Company's Board at any time.

During the year ended December 31, 2012, shares of common stock repurchased under this plan totaled 24,790,384 at a total cost of $301 million plus a nominal amount of commissions (average of $12.16 per share including commissions), bringing the cumulative total purchases under the program to 58,715,189 shares at a total cost of $680 million, which includes a nominal amount of commissions (average of $11.58 per share including commissions).

16. EQUITY

Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss, net of tax, as of December 31, 2012and 2011 were as follows:

	December 31,
	2012		2011
	(in millions)
Foreign currency translation adjustment, net	$	2,057	$	1,967
Unrealized derivative losses, net		481		534
Unfunded pension obligations, net		382		257
Total	$	2,920	$	2,758

Dividend

The Company paid a dividend of $0.04 per outstanding share to its common stockholders in November 2012.

On December7, 2012, the Board of Directors of the Company declared a quarterly common stock dividend of $0.04per share payable on February 15, 2013 to shareholders of record at the close of business on February 1, 2013.

Stock Repurchase Program

The Company's Board of Directors recently increased the sharebuyback authorization by $300 million, all of which is available. Under the program, the Company may repurchase stock through a variety of methods, including open market repurchases and/or privately negotiated transactions. There can be no assurances as to the amount, timing or prices of repurchases, which may vary based on market conditions and other factors. The Program does not have an expiration date and it can be modified or terminated by the Company's Board at any time.

During the year ended December 31, 2012, shares of common stock repurchased under this plan totaled 24,790,384 at a total cost of $301 million plus a nominal amount of commissions (average of $12.16 per share including commissions), bringing the cumulative total purchases under the program to 58,715,189 shares at a total cost of $680 million, which includes a nominal amount of commissions (average of $11.58 per share including commissions).

The shares of stock repurchased have been classified as treasury stock and accounted for using the cost method. A total of 66,415,984 and 42,386,961 shares were held in treasury stock at December 31, 2012 and 2011, respectively. The Company has not retired any shares held in treasury during the years ended December 31, 2012, 2011 or 2010.

Equity Transactions with Noncontrolling Interests

On July 7, 2011, a subsidiary of the Company completed the acquisition of an additional 10% equity interest in AES-VCM Mong Duong Power Company Limited (“Mong Duong”), a 1,240 MW coal-fired power plant in development in the QuangNinh province in Vietnam, from Vietnam National Coal and Mineral Industries Group, its minority shareholder. On July 8, 2011, through a subsidiary, the Company sold 30% and 19% equity interests in Mong Duong to PSC Energy Global Co., Ltd. (a wholly owned subsidiary of POSCO Corporation) and Stable Investment Corporation (a wholly owned subsidiary of China Investment Corporation, a related party), respectively, resulting in the Company retaining a 51% indirect equity interest in Mong Duong. As a result of these transactions, the Company did not lose control of Mong Duong, which continues to be accounted for as a consolidated subsidiary. A net gain of $19 million resulting from these transactions was recorded as an equity transaction in additional paid-in capital.

The following table summarizes the net income (loss) attributable to The AES Corporation and transfers (to) from noncontrolling interests for the years ended December 31, 2012 and 2011:

			December 31,
			2012		2011
			(in millions)
Net income (loss) attributable to The AES Corporation			$	(912)	$	58
	Transfers (to) from the noncontrolling interests:
		Net increase in The AES Corporation's paid-in capital for sale of subsidiary shares		7		19
		Increase in The AES Corporation's paid-in capital for purchase of subsidiary shares		4		-
	Net transfers (to) from noncontrolling interest			11		19
Change from net income attributable to The AES Corporation and transfers (to) from
	noncontrolling interests		$	(901)	$	77