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Segment and Geographic Information | 12 Months Ended
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Dec. 31, 2013
Segment Reporting [Abstract] |
SEGMENT AND GEOGRAPHIC INFORMATION | SEGMENTS AND GEORGRAPHIC INFORMATION The segment reporting structure uses the Company’s management reporting structure as its foundation to reflect how the Company manages the business internally and is organized by geographic regions which provide better socio-political-economic understanding of our business. In 2012, the management reporting structure was re-organized along six strategic business units (“SBUs”) — led by our Chief Executive Officer (“CEO”). During the fourth quarter of 2013, in conjunction with finalization of its reporting structure, the Company revised its internal reporting to align more closely with its operations. As a result, the Company applied the accounting guidance for segment reporting and determined that its reportable segments have changed and are now aligned with the six SBUs. All prior-period results have been retrospectively revised to reflect the new segment reporting structure. The Company has decreased from nine to the following six reportable segments based on the six SBUs:
• | US SBU;
• | Andes SBU;
• | Brazil SBU;
• | MCAC SBU;
• | EMEA SBU; and
• | Asia SBU
Corporate and Other — Silver Ridge Power (formerly AES Solar Holding Company) and certain other unconsolidated businesses are accounted for using the equity method of accounting; therefore, their operating results are included in “Net Equity in Earnings of Affiliates” on the face of the Consolidated Statements of Operations, not in revenue or Adjusted pre-tax contribution (“Adjusted PTC”). “Corporate and Other” also includes corporate overhead costs which are not directly associated with the operations of our six reportable segments and other intercompany charges such as self-insurance premiums which are fully eliminated in consolidation. The Company uses Adjusted PTC as its primary segment performance measure. Adjusted PTC, a non-GAAP measure, is defined by the Company as pre-tax income from continuing operations attributable to AES excluding unrealized gains or losses related to derivative transactions, unrealized foreign currency gains or losses, gains or losses due to dispositions and acquisitions of business interests, losses due to impairments and costs due to the early retirement of debt. For the year ended December 31, 2013, the Company changed the definition of Adjusted PTC to exclude the gains or losses attributable to AES common stockholders at our equity method investments for these same types of items. Previously, these amounts were not excluded from the calculation of Adjusted PTC. Accordingly, the Company has also reflected the change in the comparative year ended December 31, 2012. The Company has concluded that Adjusted PTC best reflects the underlying business performance of the Company and is the most relevant measure considered in the Company’s internal evaluation of the financial performance of its segments. Additionally, given its large number of businesses and complexity, the Company concluded that Adjusted PTC is a more transparent measure that better assists the investor in determining which businesses have the greatest impact on the overall Company results. Total revenue includes inter-segment revenue primarily related to the sale of coal between Andes and the US. No material inter-segment revenue relationships exist between other segments. Corporate allocations include certain self-insurance activities which are reflected within segment adjusted PTC. All intra-segment activity has been eliminated with respect to revenue and adjusted PTC within the segment. Inter-segment activity has been eliminated within the total consolidated results. Asset information for businesses that were discontinued or classified as held-for-sale as of December 31, 2013 is segregated and is shown in the line “Discontinued businesses” in the accompanying segment tables. Information about the Company’s operations by segment for the years ended December 31, 2013, 2012 and 2011 was as follows:
Revenue Year Ended December 31, |  | Total Revenue |  | Intersegment |  | External Revenue
2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012 |  | 2011
|  | (in millions)
US SBU |  | $ | 3,630 |  |  | $ | 3,736 |  |  | $ | 2,088 |  |  | $ | — |  |  | $ | — |  |  | $ | (1 | ) |  | $ | 3,630 |  |  | $ | 3,736 |  |  | $ | 2,087 |
Andes SBU |  | 2,639 |  |  | 3,020 |  |  | 2,989 |  |  | (1 | ) |  | (33 | ) |  | (36 | ) |  | 2,638 |  |  | 2,987 |  |  | 2,953 |
Brazil SBU |  | 5,015 |  |  | 5,788 |  |  | 6,640 |  |  | — |  |  | — |  |  | — |  |  | 5,015 |  |  | 5,788 |  |  | 6,640 |
MCAC SBU |  | 2,713 |  |  | 2,573 |  |  | 2,327 |  |  | (1 | ) |  | — |  |  | (3 | ) |  | 2,712 |  |  | 2,573 |  |  | 2,324 |
EMEA SBU |  | 1,347 |  |  | 1,344 |  |  | 1,469 |  |  | — |  |  | (1 | ) |  | (2 | ) |  | 1,347 |  |  | 1,343 |  |  | 1,467 |
Asia SBU |  | 550 |  |  | 733 |  |  | 625 |  |  | — |  |  | — |  |  | — |  |  | 550 |  |  | 733 |  |  | 625 |
Corporate and Other |  | 7 |  |  | 9 |  |  | 8 |  |  | (8 | ) |  | (5 | ) |  | (6 | ) |  | (1 | ) |  | 4 |  |  | 2 |
Total Revenue |  | $ | 15,901 |  |  | $ | 17,203 |  |  | $ | 16,146 |  |  | $ | (10 | ) |  | $ | (39 | ) |  | $ | (48 | ) |  | $ | 15,891 |  |  | $ | 17,164 |  |  | $ | 16,098 |
| Adjusted Pre-Tax Contribution(1) Year Ended December 31, |  | Total Adjusted Pre-tax Contribution |  | Intersegment |  | External Adjusted Pre-tax Contribution
| 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012 |  | 2011
|  |  | (in millions) |  |
| US SBU |  | $ | 440 |  |  | $ | 403 |  |  | 181 |  |  | $ | 11 |  |  | $ | 40 |  |  | 53 |  |  | $ | 451 |  |  | $ | 443 |  |  | $ | 234 |
| Andes SBU |  | 353 |  |  | 369 |  |  | 510 |  |  | 19 |  |  | (16 | ) |  | (32 | ) |  | 372 |  |  | 353 |  |  | 478 |
| Brazil SBU |  | 212 |  |  | 321 |  |  | 415 |  |  | 3 |  |  | 3 |  |  | 3 |  |  | 215 |  |  | 324 |  |  | 418 |
| MCAC SBU |  | 339 |  |  | 387 |  |  | 307 |  |  | 12 |  |  | 10 |  |  | 3 |  |  | 351 |  |  | 397 |  |  | 310 |
| EMEA SBU |  | 345 |  |  | 375 |  |  | 276 |  |  | 7 |  |  | (2 | ) |  | 12 |  |  | 352 |  |  | 373 |  |  | 288 |
| Asia SBU |  | 142 |  |  | 201 |  |  | 100 |  |  | 2 |  |  | 2 |  |  | 2 |  |  | 144 |  |  | 203 |  |  | 102 |
| Corporate and Other |  | (624 | ) |  | (717 | ) |  | (650 | ) |  | (54 | ) |  | (37 | ) |  | (41 | ) |  | (678 | ) |  | (754 | ) |  | (691 | )
| Total Adjusted Pre-Tax Contribution |  | 1,207 |  |  | 1,339 |  |  | 1,139 |  |  | — |  |  | — |  |  | — |  |  | 1,207 |  |  | 1,339 |  |  | 1,139 |
Reconciliation to Income from Continuing Operations before Taxes and Equity Earnings of Affiliates: |  |
Non-GAAP Adjustments: |  |  |  |  |  |
Unrealized derivative gains (losses) |  | 57 |  |  | (120 | ) |  | 31 |
Unrealized foreign currency gains (losses) |  | (41 | ) |  | 13 |  |  | (50 | )
Disposition/acquisition gains |  | 30 |  |  | 206 |  |  | — |
Impairment losses |  | (588 | ) |  | (1,951 | ) |  | (337 | )
Loss on extinguishment of debt |  | (225 | ) |  | (16 | ) |  | (46 | )
Pre-tax contribution |  | 440 |  |  | (529 | ) |  | 737 |
Add: income from continuing operations before taxes, attributable to noncontrolling interests |  | 633 |  |  | 794 |  |  | 1,521 |
Less: Net equity in earnings (losses) of affiliates |  | 25 |  |  | 35 |  |  | (2 | )
Income from continuing operations before taxes and equity in earnings of affiliates |  | $ | 1,048 |  |  | $ | 230 |  |  | $ | 2,260 |
_____________________________
(1) | Adjusted pre-tax contribution in each segment before intersegment eliminations includes the effect of intercompany transactions with other segments except for interest, charges for certain management fees and the write-off of intercompany balances.
Assets by segment as of December 31, 2013, 2012 and 2011 were as follows:
|  | Total Assets |  | Depreciation and Amortization |  | Capital Expenditures
|  | 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012 |  | 2011
|  | (in millions)
US SBU |  | $ | 9,952 |  |  | $ | 10,651 |  |  | $ | 12,714 |  |  | $ | 440 |  |  | $ | 518 |  |  | $ | 300 |  |  | $ | 426 |  |  | $ | 405 |  |  | $ | 406 |
Andes SBU |  | 7,356 |  |  | 6,619 |  |  | 6,482 |  |  | 186 |  |  | 174 |  |  | 151 |  |  | 471 |  |  | 389 |  |  | 385 |
Brazil SBU |  | 8,388 |  |  | 9,710 |  |  | 10,602 |  |  | 259 |  |  | 281 |  |  | 331 |  |  | 588 |  |  | 718 |  |  | 738 |
MCAC SBU |  | 5,075 |  |  | 5,030 |  |  | 4,962 |  |  | 145 |  |  | 136 |  |  | 116 |  |  | 111 |  |  | 192 |  |  | 220 |
EMEA SBU |  | 4,191 |  |  | 4,085 |  |  | 4,086 |  |  | 155 |  |  | 145 |  |  | 159 |  |  | 341 |  |  | 162 |  |  | 196 |
Asia SBU |  | 2,810 |  |  | 2,587 |  |  | 1,800 |  |  | 33 |  |  | 30 |  |  | 32 |  |  | 576 |  |  | 221 |  |  | 150 |
Discontinued businesses |  | 1,718 |  |  | 1,960 |  |  | 3,445 |  |  | 55 |  |  | 85 |  |  | 148 |  |  | 52 |  |  | 143 |  |  | 335 |
Corporate and Other & eliminations |  | 921 |  |  | 1,188 |  |  | 1,255 |  |  | 21 |  |  | 25 |  |  | 25 |  |  | 14 |  |  | 40 |  |  | 31 |
Total Assets |  | $ | 40,411 |  |  | $ | 41,830 |  |  | $ | 45,346 |  |  | $ | 1,294 |  |  | $ | 1,394 |  |  | $ | 1,262 |  |  | $ | 2,579 |  |  | $ | 2,270 |  |  | $ | 2,461 |
|  | Interest Income |  | Interest Expense
|  | 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012 |  | 2011
|  | (in millions)
US SBU |  | $ | — |  |  | $ | 3 |  |  | $ | 1 |  |  | $ | 290 |  |  | $ | 291 |  |  | $ | 194 |
Andes SBU |  | 37 |  |  | 20 |  |  | 20 |  |  | 135 |  |  | 128 |  |  | 126 |
Brazil SBU |  | 210 |  |  | 278 |  |  | 346 |  |  | 364 |  |  | 305 |  |  | 452 |
MCAC SBU |  | 20 |  |  | 33 |  |  | 22 |  |  | 138 |  |  | 192 |  |  | 166 |
EMEA SBU |  | 2 |  |  | 8 |  |  | 5 |  |  | 80 |  |  | 94 |  |  | 108 |
Asia SBU |  | 6 |  |  | 5 |  |  | 2 |  |  | 30 |  |  | 43 |  |  | 46 |
Corporate and Other & eliminations |  | — |  |  | 1 |  |  | 2 |  |  | 445 |  |  | 491 |  |  | 438 |
Total |  | $ | 275 |  |  | $ | 348 |  |  | $ | 398 |  |  | $ | 1,482 |  |  | $ | 1,544 |  |  | $ | 1,530 |
|  | Investments in and Advances to Affiliates |  | Equity in Earnings (Losses)
|  | 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012 |  | 2011
|  | (in millions)
US SBU |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Andes SBU |  | 248 |  |  | 198 |  |  | 188 |  |  | 44 |  |  | 18 |  |  | 35 |
Brazil SBU |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
MCAC SBU |  | — |  |  | 24 |  |  | 19 |  |  | 4 |  |  | 5 |  |  | (2 | )
EMEA SBU |  | 286 |  |  | 454 |  |  | 512 |  |  | (5 | ) |  | 8 |  |  | 10 |
Asia SBU |  | 186 |  |  | 202 |  |  | 367 |  |  | 10 |  |  | 32 |  |  | 5 |
Corporate and Other & eliminations |  | 289 |  |  | 318 |  |  | 336 |  |  | (28 | ) |  | (28 | ) |  | (50 | )
Total |  | $ | 1,010 |  |  | $ | 1,196 |  |  | $ | 1,422 |  |  | $ | 25 |  |  | $ | 35 |  |  | $ | (2 | )
The table below presents information, by country, about the Company’s consolidated operations for each of the three years in the period ended December 31, 2013 and as of December 31, 2013 and 2012, respectively. Revenue is recorded in the country in which it is earned and assets are recorded in the country in which they are located.
|  | Revenue |  | Property, Plant & Equipment, net
|  | 2013 |  | 2012 |  | 2011 |  | 2013 |  | 2012
|  | (in millions)
United States(1) |  | $ | 3,630 |  |  | $ | 3,736 |  |  | $ | 2,088 |  |  | $ | 7,523 |  |  | $ | 7,540 |
Non-U.S.: |  |  |  |  |  |  |  |  |  |
Brazil(2) |  | 5,015 |  |  | 5,788 |  |  | 6,640 |  |  | 5,293 |  |  | 5,756 |
Chile |  | 1,569 |  |  | 1,679 |  |  | 1,608 |  |  | 3,312 |  |  | 2,993 |
El Salvador |  | 860 |  |  | 854 |  |  | 755 |  |  | 292 |  |  | 284 |
Dominican Republic |  | 832 |  |  | 761 |  |  | 674 |  |  | 689 |  |  | 670 |
United Kingdom |  | 558 |  |  | 505 |  |  | 587 |  |  | 603 |  |  | 578 |
Argentina(3) |  | 545 |  |  | 857 |  |  | 979 |  |  | 256 |  |  | 278 |
Colombia |  | 523 |  |  | 453 |  |  | 365 |  |  | 412 |  |  | 383 |
Philippines |  | 497 |  |  | 559 |  |  | 480 |  |  | 776 |  |  | 800 |
Mexico |  | 440 |  |  | 397 |  |  | 404 |  |  | 748 |  |  | 759 |
Bulgaria(4) |  | 422 |  |  | 369 |  |  | 251 |  |  | 1,606 |  |  | 1,606 |
Puerto Rico |  | 328 |  |  | 293 |  |  | 298 |  |  | 562 |  |  | 570 |
Panama |  | 250 |  |  | 266 |  |  | 189 |  |  | 1,028 |  |  | 1,069 |
Kazakhstan |  | 156 |  |  | 151 |  |  | 145 |  |  | 183 |  |  | 141 |
Jordan |  | 142 |  |  | 121 |  |  | 124 |  |  | 439 |  |  | 222 |
Sri Lanka |  | 53 |  |  | 169 |  |  | 140 |  |  | 7 |  |  | 8 |
Spain |  | — |  |  | 119 |  |  | 258 |  |  | — |  |  | — |
Cameroon(5) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Ukraine(6) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Hungary(7) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Vietnam |  | — |  |  | — |  |  | — |  |  | 1,296 |  |  | 887 |
Other Non-U.S. (8) |  | 71 |  |  | 87 |  |  | 113 |  |  | 87 |  |  | 91 |
Total Non-U.S. |  | 12,261 |  |  | 13,428 |  |  | 14,010 |  |  | 17,589 |  |  | 17,095 |
Total |  | $ | 15,891 |  |  | $ | 17,164 |  |  | $ | 16,098 |  |  | $ | 25,112 |  |  | $ | 24,635 |
(1) | Excludes revenue of $23 million, $63 million and $396 million for the years ended December 31, 2013, 2012 and 2011, respectively, and property, plant and equipment of $69 million and $123 million as of December 31, 2013 and 2012, respectively, related to Condon, Mid-West Wind, Eastern Energy, Thames, Red Oak and Ironwood which were reflected as discontinued operations and assets held for sale in the accompanying Consolidated Statements of Operations and Consolidated Balance Sheets. Additionally, property, plant and equipment excludes $25 million as of December 31, 2012 related to wind turbines which were reflected as assets held for sale in the accompanying Consolidated Balance Sheets.
(2) | Excludes revenue of $124 million for the year ended December 31, 2011 related to Brazil Telecom, which was reflected as discontinued operations in the accompanying Consolidated Statements of Operations.
(3) | Excludes revenue of $102 million for the year ended December 31, 2011 related to our Argentina distribution businesses, which were reflected as discontinued operations in the accompanying Consolidated Statements of Operations.
(4) | Our wind project in Maritza started operations in June 2011.
(5) | Excludes revenue of $474 million, $457 million and $386 million for the years ended December 31, 2013, 2012 and 2011, respectively, and property, plant and equipment of $1,100 million and $992 million as of December 31, 2013 and 2012 respectively, related to Dibamba, Kribi and Sonel, which were reflected as discontinued operations and assets held for sale in the accompanying Consolidated Statements of Operations and Consolidated Balance Sheets.
(6) | Excludes revenue of $187 million, $491 million and $418 million for the years ended December 31, 2013, 2012 and 2011, respectively, and property, plant and equipment of $112 million as of December 31, 2012 related to Kievoblenergo and Rivnooblenergo, which were reflected as discontinued operations and assets held for sale in the accompanying Consolidated Statements of Operations and Consolidated Balance Sheets.
(7) | Excludes revenue of $18 million and $219 million for the years ended December 31, 2012 and 2011, respectively, related to Borsod, Tiszapalkonya and Tisza II, which were reflected as discontinued operations and assets held for sale in the accompanying Consolidated Statements of Operations.
(8) | Excludes revenue of $6 million, $11 million and $18 million for the years ended December 31, 2013, 2012 and 2011, respectively, and property, plant and equipment of $19 million and $54 million as of December 31, 2013 and 2012, respectively, related to Saurashtra, Poland wind and our carbon reduction projects, which were reflected as discontinued operations and assets held for sale in the accompanying Consolidated Statements of Operations and Consolidated Balance Sheets.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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