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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Income Tax Expense On Continuing Operations | The next table summarizes the expense for income taxes on continuing operations in millions for the periods indicated:
December 31, |  | 2015 |  | 2014 |  | 2013
Federal — | Current | $ | 9 |  |  | $ | — |  |  | $ | (28 | )
| Deferred | (56 | ) |  | (121 | ) |  | (110 | )
State — | Current | 1 |  |  | 1 |  |  | 1 |
| Deferred | (5 | ) |  | 1 |  |  | 1 |
Foreign — | Current | 505 |  |  | 457 |  |  | 509 |
| Deferred | 11 |  |  | 81 |  |  | (30 | )
Total |  | $ | 465 |  |  | $ | 419 |  |  | $ | 343 |
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, |  | 2015 |  | 2014 |  | 2013
Statutory Federal tax rate |  | 35 | % |  | 35 | % |  | 35 | %
State taxes, net of Federal tax benefit |  | (5 | )% |  | (1 | )% |  | (3 | )%
Taxes on foreign earnings |  | 3 | % |  | (14 | )% |  | (4 | )%
Valuation allowance |  | (5 | )% |  | (1 | )% |  | — | %
Uncertain tax positions |  | — | % |  | — | % |  | (5 | )%
Bad debt deduction |  | — | % |  | — | % |  | (3 | )%
Change in tax law |  | — | % |  | 4 | % |  | (1 | )%
Goodwill impairment |  | 10 | % |  | 4 | % |  | 12 | %
Other—net |  | 3 | % |  | — | % |  | 2 | %
Effective tax rate |  | 41 | % |  | 27 | % |  | 33 | %
Included in the favorable (14)% 2014 taxes on foreign earnings percentage above is approximately (8)% related to the 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 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 next table summarizes the income taxes receivable and payable in millions as of December 31, 2015 and 2014:
|  | 2015 |  | 2014
Income taxes receivable—current |  | $ | 167 |  |  | $ | 217 |
Total income taxes receivable |  | $ | 167 |  |  | $ | 217 |
Income taxes payable—current |  | $ | 264 |  |  | $ | 299 |
Income taxes payable—noncurrent |  | 35 |  |  | 2 |
Total income taxes payable |  | $ | 299 |  |  | $ | 301 |
Summary Of Deferred Tax Assets And Liabilities | The following table summarizes the deferred tax assets and liabilities in millions, as of December 31, 2015 and 2014:
|  | 2015 |  | 2014
Differences between book and tax basis of property |  | $ | (2,240 | ) |  | $ | (2,364 | )
Other taxable temporary differences |  | (299 | ) |  | (302 | )
Total deferred tax liability |  | (2,539 | ) |  | (2,666 | )
Operating loss carryforwards |  | 2,206 |  |  | 2,224 |
Capital loss carryforwards |  | 66 |  |  | 137 |
Bad debt and other book provisions |  | 191 |  |  | 221 |
Retirement costs |  | 149 |  |  | 275 |
Tax credit carryforwards |  | 55 |  |  | 58 |
Other deductible temporary differences |  | 219 |  |  | 363 |
Total gross deferred tax asset |  | 2,886 |  |  | 3,278 |
Less: valuation allowance |  | (894 | ) |  | (997 | )
Total net deferred tax asset |  | 1,992 |  |  | 2,281 |
Net deferred tax (liability) |  | $ | (547 | ) |  | $ | (385 | )
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 in millions, for the years ended December 31, 2015, 2014 and 2013:
|  | 2015 |  | 2014 |  | 2013
U.S. |  | $ | (612 | ) |  | $ | (560 | ) |  | $ | (575 | )
Non-U.S. |  | 1,734 |  |  | 2,136 |  |  | 1,623 |
Total |  | $ | 1,122 |  |  | $ | 1,576 |  |  | $ | 1,048 |
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 |  | 2009-2015
Brazil |  | 2010-2015
Chile |  | 2012-2015
Colombia |  | 2013-2015
Dominican Republic |  | 2012-2015
El Salvador |  | 2012-2015
Netherlands |  | 2013-2015
Philippines |  | 2012-2015
United Kingdom |  | 2010-2015
United States (Federal) |  | 2011-2015
Unrecognized Tax Benefits | is a reconciliation of the beginning and ending amounts of unrecognized tax benefits in millions for the periods indicated:
December 31, |  | 2015 |  | 2014 |  | 2013
Balance at January 1 |  | $ | 395 |  |  | $ | 392 |  |  | $ | 475 |
Additions for current year tax positions |  | 6 |  |  | 8 |  |  | 7 |
Additions for tax positions of prior years |  | 12 |  |  | 14 |  |  | 10 |
Reductions for tax positions of prior years |  | (7 | ) |  | (2 | ) |  | (3 | )
Effects of foreign currency translation |  | (7 | ) |  | (3 | ) |  | — |
Settlements |  | (19 | ) |  | (2 | ) |  | (65 | )
Lapse of statute of limitations |  | (7 | ) |  | (12 | ) |  | (32 | )
Balance at December 31 |  | $ | 373 |  |  | $ | 395 |  |  | $ | 392 |

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- 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 + Details
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