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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Tax Expense On Continuing Operations

The following table summarizes the expense for income taxes on continuing operations for the periods indicated:

		December 31,
		2014				2013				2012
		(in millions)
Federal:
Current		$	—			$	(28	)		$	—
Deferred		(121		)		(110		)		24
State:
Current		1				1				(2		)
Deferred		1				1				(11		)
Foreign:
Current		457				509				538
Deferred		81				(30		)		136
Total		$	419			$	343			$	685

Reconciliation Of US Federal Income Tax Rates And AES Effective Tax Rate For The Current And Two Prior Years

The following table summarizes a reconciliation of the U.S. statutory federal income tax rate to the Company’s effective tax rate, as a percentage of income from continuing operations before taxes for the periods indicated:

		December 31,
		2014			2013			2012
Statutory Federal tax rate		35	%		35	%		35	%
State taxes, net of Federal tax benefit		(1	)%		(3	)%		(21	)%
Taxes on foreign earnings		(14	)%		(4	)%		(32	)%
Valuation allowance		(1	)%		—	%		16	%
Uncertain tax positions		—	%		(5	)%		9	%
Bad debt deduction		—	%		(3	)%		—	%
Change in tax law		4	%		(1	)%		17	%
Goodwill impairment		4	%		12	%		276	%
Other—net		—	%		2	%		(2	)%
Effective tax rate		27	%		33	%		298	%

Included in the favorable (14)% 2014 Taxes on foreign earnings percentage above is approximately (8)% related to the current year sale of approximately 45% of the Company's interest in Masin AES Pte Ltd., which owns the Company's interests in the Philippines, and the 2014 sale of the Company's interests in four U.K. wind projects. Neither of these transactions gave rise to income tax expense.

Schedule Of Income Tax Payable And Receivable

The following table summarizes the income taxes receivable and payable as of December 31, 2014 and 2013:

		2014				2013
		(in millions)
Income taxes receivable—current		$	217			$	206
Total income taxes receivable		$	217			$	206
Income taxes payable—current		$	299			$	322
Income taxes payable—noncurrent		2				2
Total income taxes payable		$	301			$	324

Summary Of Deferred Tax Assets And Liabilities

The following table summarizes the deferred tax assets and liabilities, as of December 31, 2014 and 2013:

		2014				2013
		(in millions)
Differences between book and tax basis of property		$	(2,364	)		$	(2,178	)
Other taxable temporary differences		(302		)		(337		)
Total deferred tax liability		(2,666		)		(2,515		)
Operating loss carryforwards		2,224				2,108
Capital loss carryforwards		137				103
Bad debt and other book provisions		221				277
Retirement costs		275				291
Tax credit carryforwards		58				38
Other deductible temporary differences		363				420
Total gross deferred tax asset		3,278				3,237
Less: valuation allowance		(997		)		(1,090		)
Total net deferred tax asset		2,281				2,147
Net deferred tax asset (liability)		$	(385	)		$	(368	)

Income Before Income Taxes, Foreign And Domestic

The following table summarizes the income (loss) from continuing operations, before income taxes, net equity in earnings of affiliates and noncontrolling interests, for the years ended December 31, 2014, 2013 and 2012:

		2014				2013				2012
		(in millions)
U.S.		$	(560	)		$	(575	)		$	(1,921	)
Non-U.S.		2,136				1,623				2,151
Total		$	1,576			$	1,048			$	230

Tax Years Potentially Subject To Examination And Jurisdictions

The following is a summary of tax years potentially subject to examination in the significant tax and business jurisdictions in which we operate:

Jurisdiction		Tax Years Subject to Examination
Argentina		2008-2014
Brazil		2009-2014
Chile		2009-2014
Colombia		2012-2014
Dominican Republic		2011-2014
El Salvador		2011-2014
Netherlands		2012-2014
Philippines		2011-2014
United Kingdom		2009-2014
United States (Federal)		2011-2014

Unrecognized Tax Benefits

Below is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated:

		December 31,
		2014				2013				2012
		(in millions)
Balance at January 1		$	392			$	475			$	464
Additions for current year tax positions		8				7				12
Additions for tax positions of prior years		14				10				29
Reductions for tax positions of prior years		(2		)		(3		)		(29		)
Effects of foreign currency translation		(3		)		—				—
Settlements		(2		)		(65		)		—
Lapse of statute of limitations		(12		)		(32		)		(1		)
Balance at December 31		$	395			$	392			$	475

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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.

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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.

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Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

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