XML 67 R52.htm IDEA: XBRL DOCUMENT v3.10.0.1

Income taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of provision for income taxes by tax jurisdiction

The following table presents our provision for income taxes by tax jurisdiction for the years ended December 31, 2018, 2017 and 2016:

	Year Ended December 31,
	2018				2017				2016
Deferred tax expense (benefit)
Ireland	$	140,621			$	144,532			$	141,364
United States	6,510				56,650				(41,163		)
The Netherlands	4,136				(7,470		)		(8,346		)
Other	8,881				(14,188		)		14,124
	160,148				179,524				105,979
Deferred tax (benefit) expense related to a (decrease) increase in changes in valuation allowance of deferred tax assets
Ireland	368				1,366				1,562
United States	(2,838		)		(29,147		)		54,056
The Netherlands	(2,302		)		(8,518		)		12,843
Other	(7,788		)		13,796				(13,100		)
	(12,560		)		(22,503		)		55,361
Current tax (benefit) expense
Ireland	(27		)		5,606				4,730
United States	(3,691		)		(1,659		)		3,166
The Netherlands	(307		)		717				1,164
Other	516				3,033				3,096
	(3,509		)		7,697				12,156
Provision for income taxes	$	144,079			$	164,718			$	173,496

Schedule of reconciliation of statutory of income tax expense to provision for income taxes

The following table provides a reconciliation of the statutory income tax expense to provision for income taxes for the years ended December 31, 2018, 2017 and 2016:

	Year Ended December 31,
	2018				2017				2016
Income tax expense at statutory income tax rate of 12.5%	$	143,866			$	154,484			$	150,050
Permanent differences	1,016			(a)	23,737			(b)	29,057			(c)
Foreign rate differential	(803		)		(13,503		)		(5,611		)
	213				10,234				23,446
Provision for income taxes	$	144,079			$	164,718			$	173,496

(a) The 2018 permanent differences included non-deductible share-based compensation in Ireland and in the Netherlands, and a valuation allowance change in respect of U.S., Dutch and Irish tax losses.

(b) The 2017 permanent differences included non-deductible share-based compensation in Ireland and in the Netherlands, impacts of the change in tax rate in the United States, and a valuation allowance change in respect of U.S., Dutch and Irish tax losses.

(c) The 2016 permanent differences included non-deductible share-based compensation in Ireland and in the Netherlands, non-deductible intercompany interest allocated to the United States, and a valuation allowance taken in respect of U.S., Dutch and Irish tax losses.

Schedule of foreign rate differential by tax jurisdiction

The following tables present our foreign rate differential by tax jurisdiction for the years ended December 31, 2018, 2017 and 2016:

	Year Ended December 31, 2018
	Pre-tax income (loss)				Local statutory tax rate (a)			Variance to Irish statutory tax rate of 12.5%			Tax variance as a result of global activities (b)
Tax jurisdiction
Ireland	$	1,163,574			12.5	%		0.0	%		$	—
United States	(85		)		22.0	%		9.5	%		(8		)
The Netherlands	6,108				25.0	%		12.5	%		764
Other	(10,977		)		26.7	%		14.2	%		(1,559		)
Taxable income	$	1,158,620									$	(803	)
Permanent differences (c)	(7,687		)
Income from continuing operations before income tax	$	1,150,933

	Year Ended December 31, 2017
	Pre-tax income (loss)				Local statutory tax rate (a)			Variance to Irish statutory tax rate of 12.5%			Tax variance as a result of global activities (b)
Tax jurisdiction
Ireland	$	1,212,029			12.5	%		0.0	%		$	—
United States	72,390				35.7	%		23.2	%		16,744
The Netherlands	(61,086		)		25.0	%		12.5	%		(7,636		)
Isle of Man	185,882				0.0	%		(12.5	)%		(23,235		)
Other	9,138				19.3	%		6.8	%		624
Taxable income	$	1,418,353									$	(13,503	)
Permanent differences (d)	(182,481		)
Income from continuing operations before income tax	$	1,235,872

	Year Ended December 31, 2016
	Pre-tax income (loss)				Local statutory tax rate (a)			Variance to Irish statutory tax rate of 12.5%			Tax variance as a result of global activities (b)
Tax jurisdiction
Ireland	$	1,151,387			12.5	%		0.0	%		$	—
United States	44,238				36.3	%		23.8	%		10,529
The Netherlands	37,580				25.0	%		12.5	%		4,698
Isle of Man	181,286				0.0	%		(12.5	)%		(22,661		)
Other	18,989				22.1	%		9.6	%		1,823
Taxable income	$	1,433,480									$	(5,611	)
Permanent differences (e)	(233,084		)
Income from continuing operations before income tax	$	1,200,396

(a) The local statutory income tax expense for our significant tax jurisdictions (Ireland, the United States and the Netherlands) does not differ from the actual income tax expense.

(b) The tax variance as a result of global activities is primarily caused by our operations in countries with a higher or lower statutory tax rate than the statutory tax rate in Ireland.

(c) The 2018 permanent differences included non-deductible share-based compensation in Ireland and in the Netherlands, and a valuation allowance change in respect of U.S., Dutch and Irish tax losses.

(d) The 2017 permanent differences included non-deductible share-based compensation in Ireland and in the Netherlands, impacts of the change in tax rate in the United States, and a valuation allowance change in respect of U.S., Dutch and Irish tax losses.

(e) The 2016 permanent differences included non-deductible share-based compensation in Ireland and in the Netherlands, non-deductible intercompany interest allocated to the United States, and a valuation allowance taken in respect of U.S., Dutch and Irish tax losses.

Schedule of principal components of deferred tax assets and liabilities

The following tables provide details regarding the principal components of our deferred income tax liabilities and assets by jurisdiction as of December 31, 2018 and 2017:

	As of December 31, 2018
	Ireland				United States				The Netherlands				Other				Total
Depreciation/Impairment	$	(1,612,534	)		$	254			$	5,974			$	(887	)		$	(1,607,193	)
Intangibles	(7,011		)		(6,108		)		—				—				(13,119		)
Interest expense	—				(126		)		—				—				(126		)
Accrued maintenance liability	(3,242		)		4,509				—				—				1,267
Obligations under capital leases and debt obligations	(4,255		)		—				—				—				(4,255		)
Investments	—				(8,619		)		—				—				(8,619		)
Deferred losses on sale of assets	—				28,770				—				—				28,770
Accrued expenses	—				1,952				—				—				1,952
Valuation allowance	(3,296		)		(57,145		)		(15,938		)		(15,919		)		(92,298		)
Losses and credits forward	996,676				62,351				28,770				23,018				1,110,815
Other	(77,973		)		(1,324		)		(1,760		)		(2,454		)		(83,511		)
Net deferred income tax (liabilities) assets	$	(711,635	)		$	24,514			$	17,046			$	3,758			$	(666,317	)

	As of December 31, 2017
	Ireland				United States				The Netherlands				Other				Total
Depreciation/Impairment	$	(1,336,757	)		$	1,553			$	9,138			$	327			$	(1,325,739	)
Intangibles	(4,159		)		(5,341		)		—				—				(9,500		)
Interest expense	—				(166		)		—				—				(166		)
Accrued maintenance liability	(4,362		)		4,055				—				—				(307		)
Obligations under capital leases and debt obligations	(4,691		)		—				—				—				(4,691		)
Investments	—				(8,095		)		—				—				(8,095		)
Deferred losses on sale of assets	—				32,119				—				—				32,119
Accrued expenses	—				7,338				—				—				7,338
Valuation allowance	(2,928		)		(59,983		)		(18,240		)		(23,707		)		(104,858		)
Losses and credits forward	850,774				59,260				26,047				25,731				961,812
Other	(70,042		)		(2,543		)		(542		)		2,500				(70,627		)
Net deferred income tax (liabilities) assets	$	(572,165	)		$	28,197			$	16,403			$	4,851			$	(522,714	)

Schedule of movement in valuation allowance for deferred income taxes

The following table presents the movements in the valuation allowance for deferred income tax assets during the years ended December 31, 2018 and 2017:

	Year Ended December 31,
	2018				2017
Valuation allowance at beginning of period	$	104,858			$	127,361
Decrease of allowance to income tax provision	(12,560		)		(22,503		)
Valuation allowance at end of period	$	92,298			$	104,858

X

- Definition

Schedule of global tax activities [Table Text Block]

+ References

No definition available.

+ Details

Name:	aer_ScheduleOfGlobalTaxActivitiesTableTextBlock
Namespace Prefix:	aer_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

+ Details

Name:	us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration