XML 34 R29.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Fair Value (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2013
Fair Value Disclosure Tables [Abstract] |
Fair value hierarchy for recurring measurements table |
|  |  |  | March 31, 2013 |  | December 31, 2012
|  |  |  | Level 1 |  | Level 2 |  | Level 3 |  |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  |  | Total
Assets |  | (in millions)
AVAILABLE-FOR-SALE:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Unsecured debentures | $ | - |  | $ | 615 |  | $ | - |  | $ | 615 |  | $ | - |  | $ | 448 |  | $ | - |  | $ | 448
|  | Certificates of deposit |  | - |  |  | 137 |  |  | - |  |  | 137 |  |  | - |  |  | 143 |  |  | - |  |  | 143
|  | Government debt securities |  | - |  |  | 28 |  |  | - |  |  | 28 |  |  | - |  |  | 34 |  |  | - |  |  | 34
|  | Subtotal |  | - |  |  | 780 |  |  | - |  |  | 780 |  |  | - |  |  | 625 |  |  | - |  |  | 625
| Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Mutual funds |  | - |  |  | 57 |  |  | - |  |  | 57 |  |  | - |  |  | 56 |  |  | - |  |  | 56
|  | Subtotal |  | - |  |  | 57 |  |  | - |  |  | 57 |  |  | - |  |  | 56 |  |  | - |  |  | 56
| Total available-for-sale |  | - |  |  | 837 |  |  | - |  |  | 837 |  |  | - |  |  | 681 |  |  | - |  |  | 681
TRADING: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Mutual funds |  | 12 |  |  | - |  |  | - |  |  | 12 |  |  | 12 |  |  | - |  |  | - |  |  | 12
| Total trading |  | 12 |  |  | - |  |  | - |  |  | 12 |  |  | 12 |  |  | - |  |  | - |  |  | 12
DERIVATIVES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest rate derivatives |  | - |  |  | 2 |  |  | - |  |  | 2 |  |  | - |  | $ | 2 |  | $ | - |  |  | 2
| Cross currency derivatives |  | - |  |  | 8 |  |  | - |  |  | 8 |  |  | - |  |  | 6 |  |  | - |  |  | 6
| Foreign currency derivatives |  | - |  |  | 6 |  |  | 82 |  |  | 88 |  |  | - |  |  | 2 |  |  | 79 |  |  | 81
| Commodity derivatives |  | - |  |  | 6 |  |  | 1 |  |  | 7 |  |  | - |  |  | 8 |  |  | 3 |  |  | 11
|  | Total derivatives |  | - |  |  | 22 |  |  | 83 |  |  | 105 |  |  | - |  |  | 18 |  |  | 82 |  |  | 100
TOTAL ASSETS | $ | 12 |  | $ | 859 |  | $ | 83 |  | $ | 954 |  | $ | 12 |  | $ | 699 |  | $ | 82 |  | $ | 793
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
DERIVATIVES: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Interest rate derivatives | $ | - |  | $ | 469 |  | $ | 72 |  | $ | 541 |  | $ | - |  | $ | 153 |  | $ | 412 |  | $ | 565
| Cross currency derivatives |  | - |  |  | 3 |  |  | - |  |  | 3 |  |  | - |  |  | 6 |  |  | - |  |  | 6
| Foreign currency derivatives |  | - |  |  | 7 |  |  | 11 |  |  | 18 |  |  | - |  |  | 7 |  |  | 7 |  |  | 14
| Commodity derivatives |  | - |  |  | 24 |  |  | 69 |  |  | 93 |  |  | - |  |  | 13 |  |  | 59 |  |  | 72
|  | Total derivatives |  | - |  |  | 503 |  |  | 152 |  |  | 655 |  |  | - |  |  | 179 |  |  | 478 |  |  | 657
TOTAL LIABILITIES | $ | - |  | $ | 503 |  | $ | 152 |  | $ | 655 |  | $ | - |  | $ | 179 |  | $ | 478 |  | $ | 657
Derivatives Level 3 Rollforward Table |
|  |  |  |  |  |  | Three Months Ended March 31, 2013
|  |  |  |  |  | Interest |  | Foreign |  |  |  |
|  |  |  |  |  | Rate |  | Currency |  | Commodity |  | Total
|  |  | (in millions)
Balance at January 1 | $ | (412) |  | $ | 73 |  | $ | (57) |  | $ | (396)
| Total gains (losses) (realized and unrealized): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Included in earnings |  | - |  |  | (1) |  |  | (10) |  |  | (11)
|  | Included in other comprehensive income |  | (17) |  |  | - |  |  | - |  |  | (17)
|  | Included in regulatory (assets) liabilities |  | - |  |  | - |  |  | (1) |  |  | (1)
| Settlements |  | 23 |  |  | (1) |  |  | - |  |  | 22
| Transfers of (assets) liabilities out of Level 3 |  | 334 |  |  | - |  |  | - |  |  | 334
Balance at March 31 | $ | (72) |  | $ | 71 |  | $ | (68) |  | $ | (69)
Total gains (losses) for the period included in earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| attributable to the change in unrealized gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| relating to assets and liabilities held at the end of the |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| period | $ | - |  | $ | (2) |  | $ | (10) |  | $ | (12)
|  |  |  | Three Months Ended March 31, 2012
|  |  |  | Interest |  | Cross |  | Foreign |  |  |  |
|  |  |  | Rate |  | Currency |  | Currency |  | Commodity |  | Total
|  |  | (in millions)
Balance at January 1 |  | $ | (128) |  | $ | (18) |  | $ | 51 |  | $ | (53) |  | $ | (148)
| Total gains (losses) (realized and unrealized): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Included in earnings |  |  | (1) |  |  | - |  |  | (2) |  |  | 8 |  |  | 5
|  | Included in other comprehensive income |  |  | 1 |  |  | 14 |  |  | - |  |  | - |  |  | 15
|  | Included in regulatory (assets) liabilities |  |  | - |  |  | - |  |  | - |  |  | - |  |  | -
| Settlements |  |  | 6 |  |  | 4 |  |  | (1) |  |  | (1) |  |  | 8
| Transfers of assets (liabilities) into Level 3 |  |  | (28) |  |  | - |  |  | - |  |  | - |  |  | (28)
| Transfers of (assets) liabilities out of Level 3 |  |  | 26 |  |  | - |  |  | - |  |  | - |  |  | 26
Balance at March 31 |  | $ | (124) |  | $ | - |  | $ | 48 |  | $ | (46) |  | $ | (122)
Total gains (losses) for the period included in earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| attributable to the change in unrealized gains (losses) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| relating to assets and liabilities held at the end of the |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| period |  | $ | - |  | $ | - |  | $ | (3) |  | $ | 9 |  | $ | 6
Signficant unobservable inputs, recurring |
|  |  |  |  |  |  | Amount or Range
Type of Derivative |  | Fair Value |  | Unobservable Input |  | (Weighted Average)
|  | (in millions) |  |  |  |  |
Interest rate | $ | (72) |  | Subsidiaries' credit spreads |  | 2.15% - 9.03% (4.35%)
Foreign currency: |  |  |  |  |  |  |
| Embedded derivative - Argentine Peso |  | 70 |  | Argentine Peso to U.S. Dollar |  |
|  |  |  |  |  | currency exchange rate after 3 years |  | 14.4 - 21.2 (17.7)
Commodity: |  |  |  |  |  |  |
| Embedded derivative - Aluminum |  | (65) |  | Market price of power for |  |
|  |  |  |  |  | customer in Cameroon (per KWh) |  | $0.06 - $0.14 ($0.12)
Other |  | (2) |  |  |  |  |
Total | $ | (69) |  |  |  |  |
Fair value hierarchy for nonrecurring measurements table |
|  | Three Months Ended March 31, 2013
|  |  |  | Carrying |  | Fair Value |  | Gross
|  | Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Loss
Assets |  | (in millions)
| Long-lived assets held and used:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Beaver Valley |  | $ | 61 |  | $ | - |  | $ | - |  | $ | 15 |  | $ | 46
| Long-lived assets held for sale:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Wind turbines |  |  | 25 |  |  | - |  |  | - |  |  | 25 |  |  | -
| Discontinued operations and held for sale businesses:(2) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Ukraine utilities |  |  | 143 |  |  | - |  |  | 109 |  |  | - |  |  | 38
| Goodwill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended March 31, 2012
|  |  |  | Carrying |  | Fair Value |  | Gross
|  | Amount |  | Level 1 |  | Level 2 |  | Level 3 |  | Loss
Assets |  | (in millions)
| Long-lived assets held and used:(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Kelanitissa |  |  | 22 |  |  | - |  |  | - |  |  | 17 |  |  | 5
| Equity method investments(3) |  |  | 204 |  |  | - |  |  | 155 |  |  | - |  |  | 49
Significant unobservable inputs, nonrecurring |
| Fair Value |  | Valuation Technique |  | Unobservable Input |  | Range (Weighted Average)
|  | (in millions) |  |  |  |  |  | ($ in millions)
Long-lived assets held and used: |  |  |  |  |  |  |  |
| Beaver Valley | $ | 15 |  | Discounted |  |  |  |
|  |  |  |  | cash flow |  | Annual revenue growth |  | 3% to 45% (19%)
|  |  |  |  |  |  | Annual pretax operating margin |  | -42% to 41% (25%)
|  |  |  |  |  |  | Weighted average cost of capital |  | 7%
Long-lived assets held for sale: |  |  |  |  |  |  |  |
| Wind turbines |  | 25 |  | Market |  |  |  |
|  |  |  |  | Approach |  | Indicative offer prices | $ | $12 to $38 (25)
Total | $ | 40 |  |  |  |  |  |
Financial instruments not measured at fair value in the condensed consolidated balance sheets |
|  |  | Carrying |  | Fair Value
March 31, 2013 | Amount |  |  | Total |  | Level 1 |  | Level 2 |  | Level 3
| (in millions)
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Accounts receivable - noncurrent(1) | $ | 295 |  | $ | 167 |  | $ | - |  | $ | - |  | $ | 167
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-recourse debt |  | 15,923 |  |  | 16,416 |  |  | - |  |  | 14,212 |  |  | 2,204
| Recourse debt |  | 5,961 |  |  | 6,724 |  |  | - |  |  | 6,724 |  |  | -
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Accounts receivable - noncurrent(1) | $ | 304 |  | $ | 188 |  | $ | - |  | $ | - |  | $ | 188
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-recourse debt |  | 15,383 |  |  | 16,110 |  |  | - |  |  | 13,811 |  |  | 2,299
| Recourse debt |  | 5,962 |  |  | 6,628 |  |  | - |  |  | 6,628 |  |  | -

X
- Definition This element represents, for the fair value measurement of derivative assets and liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (net); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) + References No definition available. + Details
Name: | aes_FairValueDerivativeAssetsLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix: | aes_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | aes_FairValueDisclosureTablesAbstract
Namespace Prefix: | aes_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the financial instruments not carried on the balance sheet at fair value by class and level of within the fair value hierarchy. + References No definition available. + Details
Name: | aes_FairValueOfFinancialInstrumentsNotCarriedAtFairValueTableTextBlock
Namespace Prefix: | aes_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure summarizing the unobservable inputs used to value level 3 nonrecurring measurements. + References No definition available. + Details
Name: | aes_FairValueScheduleOfUnobservableInputsNonrecurringTableTextBlock
Namespace Prefix: | aes_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure summarizing the unobservable inputs used to measure Level 3 financial instruments. + References No definition available. + Details
Name: | aes_FairValueScheduleOfUnobservableInputsTableTextBlock
Namespace Prefix: | aes_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19296-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration