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Equity | 12 Months Ended
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Dec. 31, 2013
Equity [Abstract] |
EQUITY | EQUITY Equity Transactions with Noncontrolling Interests During the year ended December 31, 2013, the Company completed transactions which increased noncontrolling interests in Alto Maipo and Cochrane, two projects under development in Chile. Although there was a decrease in the Company's ownership interest, the Company retained control of both projects, which continue to be accounted for as consolidated subsidiaries. The difference between the fair value of the consideration received for these transactions and the corresponding adjustment to noncontrolling interest of $16 million was recognized as an equity transaction through Additional Paid-in Capital. The following table summarizes the net income (loss) attributable to The AES Corporation and all transfers (to) from noncontrolling interests for the years ended December 31, 2013 and 2012.
|  | 2013 |  | 2012
|  | (in millions)
Net income (loss) attributable to The AES Corporation |  | $ | 114 |  |  | $ | (912 | )
Transfers (to) from the noncontrolling interest: |  |  |  |
Net increase in The AES Corporation's paid-in capital for sale of subsidiary shares |  | 16 |  |  | 7 |
Increase (decrease) in The AES Corporation's paid-in capital for purchase of subsidiary shares |  | (6 | ) |  | 4 |
Net transfers (to) from noncontrolling interest |  | 10 |  |  | 11 |
Change from net income attributable to The AES Corporation and transfers (to) from noncontrolling interests |  | $ | 124 |  |  | $ | (901 | )
Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss by component, net of tax and noncontrolling interests for the year ended December 31, 2013 were as follows:
|  | Unrealized derivative losses, net |  | Unfunded pension obligations, net |  | Available for sale securities, net |  | Foreign currency translation adjustment, net |  | Total
|  | (in millions)
Balance at January 1 |  | $ | (481 | ) |  | $ | (382 | ) |  | $ | — |  |  | $ | (2,057 | ) |  | $ | (2,920 | )
Other comprehensive income before reclassifications |  | 46 |  |  | 78 |  |  | (1 | ) |  | (263 | ) |  | (140 | )
Amounts reclassified from accumulated other comprehensive loss |  | 128 |  |  | 13 |  |  | 1 |  |  | 36 |  |  | 178 |
Net current-period other comprehensive income |  | 174 |  |  | 91 |  |  | — |  |  | (227 | ) |  | 38 |
Balance at December 31 |  | $ | (307 | ) |  | $ | (291 | ) |  | $ | — |  |  | $ | (2,284 | ) |  | $ | (2,882 | )
Reclassifications out of accumulated other comprehensive loss for the year ended December 31, 2013 were as follows:
Details About Accumulated Other Comprehensive Loss Components |  | Affected Line Item in the Consolidated Statement of Operations |  | Year Ended December 31, 2013(1)
|  |  |  | (in millions)
Unrealized derivative losses, net
|  | Non-regulated revenue |  | $ | (3 | )
|  | Non-regulated cost of sales |  | (7 | )
|  | Interest expense |  | (137 | )
|  | Gain on sale of investments |  | (21 | )
|  | Foreign currency transaction gains (losses) |  | (6 | )
|  | Income from continuing operations before taxes and equity in earnings of affiliates |  | (174 | )
|  | Income tax expense |  | 41 |
|  | Net equity in earnings of affiliates |  | (6 | )
|  | Income from continuing operations |  | (139 | )
|  | Income from continuing operations attributable to noncontrolling interests |  | 11 |
|  | Net income attributable to The AES Corporation |  | $ | (128 | )
Amortization of defined benefit pension actuarial loss, net
|  | Regulated cost of sales |  | $ | (73 | )
|  | Non-regulated cost of sales |  | (4 | )
|  | General and administrative expenses |  | (1 | )
|  | Income from continuing operations before taxes and equity in earnings of affiliates |  | (78 | )
|  | Income tax expense |  | 26 |
|  | Income from continuing operations |  | (52 | )
|  | Income from continuing operations attributable to noncontrolling interests |  | 39 |
|  | Net income attributable to The AES Corporation |  | $ | (13 | )
Available-for-sale securities, net
|  | Interest income |  | $ | (1 | )
|  | Net income attributable to The AES Corporation |  | $ | (1 | )
Foreign currency translation adjustment, net
|  | Gain on sale of investments |  | $ | (1 | )
|  | Net loss from disposal and impairments of discontinued businesses |  | (35 | )
|  | Net income attributable to The AES Corporation |  | $ | (36 | )
Total reclassifications for the period, net of income tax and noncontrolling interests |  | $ | (178 | )
_____________________________
(1) | Amounts in parentheses indicate debits to the consolidated statement of operations.
Dividend On November 4, 2013, the Board of Directors of the Company declared a quarterly common stock dividend of $0.05 per share payable on February 18, 2014 to shareholders of record at the close of business on February 3, 2014. Stock Repurchase Program On December 11, 2013, the Board of Directors (the “Board”) of the Company increased the size of the common stock repurchase program (the “Program”) by authorizing the repurchase of up to an additional $211 million of the Company’s common stock, leaving approximately $450 million available for purchases of the Company’s common stock in one or more transactions, including through open-market repurchases, Rule 10b5-1 plans and 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. On December 18, 2013, the Company completed the underwritten secondary public offering (the “Offering”) of 46,000,000 shares (the “Offered Shares”) of its common stock by the Terrific Investment Corporation (the “Selling Stockholder”), a subsidiary controlled by China Investment Corporation at a price of $13.45 per share. The Offered Shares included the full exercise of the underwriters’ option to purchase up to 6,000,000 additional shares of the Company’s common stock to cover over-allotments, which option was exercised in full by the underwriters on December 13, 2013. The Company did not receive any of the proceeds from the Offering. Also, on December 18, 2013, the Company completed the repurchase of 20 million shares of its common stock from the Selling Stockholder at a price per share of $12.912 for an aggregate purchase price of $258 million. During the year ended December 31, 2013, shares of common stock repurchased under the Program (including the 20 million share repurchase in December referenced above) totaled 25,297,042 at a total cost of $322 million. The cumulative purchases under the Program totaled 94,728,430 shares at a total cost of $1.1 billion, which includes a nominal amount of commissions (average price per share of $12.10, including commissions). As of December 31, 2013, $191 million was available under the Program. The common stock repurchased has been classified as treasury stock and accounted for using the cost method. A total of 90,808,168 and 66,415,984 shares were held as treasury stock at December 31, 2013 and 2012, respectively. Restricted stock units under the Company’s employee benefit plans are issued from treasury stock. The Company has not retired any common stock repurchased since it began the Program in July 2010.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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