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Equity | 12 Months Ended
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Dec. 31, 2018
Equity [Abstract] |
Equity | EQUITY Equity Transactions with Noncontrolling Interests Distributed Energy — In 2018, Distributed Energy, through multiple transactions, sold noncontrolling interests in multiple project companies to tax equity partners. These transactions resulted in a $98 million increase to noncontrolling interest. Distributed Energy is reported in the US and Utilities SBU reportable segment. Alto Maipo — In March 2017, AES Gener completed the legal and financial restructuring of Alto Maipo. As part of this restructuring, AES indirectly acquired the 40% ownership interest of the noncontrolling shareholder for a de minimis payment, and sold a 6.7% interest in the project to the construction contractor. This transaction resulted in a $196 million increase to the Parent Company’s Stockholders’ Equity due to an increase in additional paid-in-capital of $229 million, offset by the reclassification of accumulated other comprehensive losses from NCI to the Parent Company Stockholders’ Equity of $33 million. No gain or loss was recognized in net income as the sale was not considered to be a sale of in-substance real estate. After completion of the sale, the Company has an effective 62% economic interest in Alto Maipo. As the Company maintained control of the partnership after the sale, Alto Maipo continues to be consolidated by the Company within the South America SBU reportable segment. Dominican Republic — In September 2017, Linda Group acquired 5% of our Dominican Republic business for $60 million, pre-tax. This transaction resulted in a net increase of $25 million to the Company’s additional paid-in-capital and noncontrolling interest, respectively. No gain or loss was recognized in net income as the sale was not considered a sale of in-substance real estate. As the Company maintained control after the sale, our businesses in the Dominican Republic continue to be consolidated by the Company within the MCAC SBU reportable segment. The following table summarizes the net income attributable to The AES Corporation and all transfers (to) from noncontrolling interests for the periods indicated (in millions):
|  | December 31,
|  | 2018 |  | 2017 |  | 2016
Net income (loss) attributable to The AES Corporation |  | $ | 1,203 |  |  | $ | (1,161 | ) |  | $ | (1,130 | )
Transfers from noncontrolling interest: |  |  |  |  |  |
Increase (decrease) in The AES Corporation's paid-in capital for sale of subsidiary shares |  | (3 | ) |  | 13 |  |  | 84 |
Additional paid-in-capital, IPALCO shares, transferred to redeemable stock of subsidiaries (1) |  | — |  |  | — |  |  | (84 | )
Increase (decrease) in The AES Corporation's paid-in-capital for purchase of subsidiary shares |  | — |  |  | 240 |  |  | (2 | )
Net transfers (to) from noncontrolling interest |  | (3 | ) |  | 253 |  |  | (2 | )
Change from net income (loss) attributable to The AES Corporation and transfers (to) from noncontrolling interests |  | $ | 1,200 |  |  | $ | (908 | ) |  | $ | (1,132 | )
_____________________________
(1) | See Note 17—Redeemable stock of subsidiaries for further information on increase in paid-in-capital transferred to redeemable stock of subsidiaries.
Accumulated Other Comprehensive Loss — The changes in AOCL by component, net of tax and noncontrolling interests, for the periods indicated were as follows (in millions):
| Foreign currency translation adjustment, net |  | Derivative gains (losses), net |  | Unfunded pension obligations, net |  | Total
Balance at December 31, 2016 | $ | (2,147 | ) |  | $ | (323 | ) |  | $ | (286 | ) |  | $ | (2,756 | )
Other comprehensive income (loss) before reclassifications | 18 |  |  | (14 | ) |  | (19 | ) |  | (15 | )
Amount reclassified to earnings | 643 |  |  | 37 |  |  | 248 |  |  | 928 |
Other comprehensive income | $ | 661 |  |  | $ | 23 |  |  | $ | 229 |  |  | $ | 913 |
Reclassification from NCI due to Alto Maipo Restructuring | — |  |  | (33 | ) |  | — |  |  | (33 | )
Balance at December 31, 2017 | $ | (1,486 | ) |  | $ | (333 | ) |  | $ | (57 | ) |  | $ | (1,876 | )
Other comprehensive income (loss) before reclassifications | $ | (214 | ) |  | $ | (64 | ) |  | $ | — |  |  | $ | (278 | )
Amount reclassified to earnings | (21 | ) |  | 78 |  |  | 7 |  |  | 64 |
Other comprehensive income (loss) | $ | (235 | ) |  | $ | 14 |  |  | $ | 7 |  |  | $ | (214 | )
Cumulative effect of a change in accounting principle | — |  |  | 19 |  |  | — |  |  | 19 |
Balance at December 31, 2018 | $ | (1,721 | ) |  | $ | (300 | ) |  | $ | (50 | ) |  | $ | (2,071 | )
Reclassifications out of AOCL are presented in the following table. Amounts for the periods indicated are in millions and those in parenthesis indicate debits to the Consolidated Statements of Operations:
Details About |  |  |  | December 31,
AOCL Components |  | Affected Line Item in the Consolidated Statements of Operations |  | 2018 |  | 2017 |  | 2016
Foreign currency translation adjustments, net |  |  |  |
|  | Gain (loss) on disposal and sale of business interests |  | $ | 19 |  |  | $ | (188 | ) |  | $ | — |
|  | Net loss from disposal and impairments of discontinued operations |  | 2 |  |  | (455 | ) |  | (992 | )
|  | Net income (loss) attributable to The AES Corporation |  | $ | 21 |  |  | $ | (643 | ) |  | $ | (992 | )
Derivative gains (losses), net |  |  |  |
|  | Non-regulated revenue |  | $ | (6 | ) |  | $ | 25 |  |  | $ | 111 |
|  | Non-regulated cost of sales |  | (3 | ) |  | (12 | ) |  | (57 | )
|  | Interest expense |  | (49 | ) |  | (79 | ) |  | (107 | )
|  | Foreign currency transaction gains |  | (59 | ) |  | 15 |  |  | 8 |
|  | Income from continuing operations before taxes and equity in earnings of affiliates |  | (117 | ) |  | (51 | ) |  | (45 | )
|  | Income tax expense |  | 24 |  |  | 1 |  |  | 8 |
|  | Income (loss) from continuing operations |  | (93 | ) |  | (50 | ) |  | (37 | )
|  | Less: (Income) loss from continuing operations attributable to noncontrolling interests |  | 15 |  |  | 13 |  |  | 9 |
|  | Net income (loss) attributable to The AES Corporation |  | $ | (78 | ) |  | $ | (37 | ) |  | $ | (28 | )
Amortization of defined benefit pension actuarial losses, net |  |  |  |
|  | Non-regulated cost of sales |  | — |  |  | 1 |  |  | — |
|  | General and administrative expenses |  | — |  |  | (1 | ) |  | (1 | )
|  | Other expense |  | (6 | ) |  | — |  |  | (1 | )
|  | Income from continuing operations before taxes and equity in earnings of affiliates |  | (6 | ) |  | — |  |  | (2 | )
|  | Income tax expense |  | 2 |  |  | — |  |  | 3 |
|  | Income from continuing operations |  | (4 | ) |  | — |  |  | 1 |
|  | Net loss from disposal and impairments of discontinued operations |  | (2 | ) |  | (266 | ) |  | (11 | )
|  | Net income (loss) |  | (6 | ) |  | (266 | ) |  | (10 | )
|  | Less: (Income) loss from continuing operations attributable to noncontrolling interests |  | (1 | ) |  | — |  |  | 9 |
|  | Add: Loss from discontinued operations attributable to noncontrolling interests |  | — |  |  | 18 |  |  | — |
|  | Net income (loss) attributable to The AES Corporation |  | $ | (7 | ) |  | $ | (248 | ) |  | $ | (1 | )
Total reclassifications for the period, net of income tax and noncontrolling interests |  | $ | (64 | ) |  | $ | (928 | ) |  | $ | (1,021 | )
Common Stock Dividends — The Parent Company paid dividends of $0.13 per outstanding share to its common stockholders during the first, second, third and fourth quarters of 2018 for dividends declared in December 2017, February, July and October 2018, respectively. On December 7, 2018, the Board of Directors declared a quarterly common stock dividend of $0.1365 per share payable on February 15, 2019 to shareholders of record at the close of business on February 1, 2019. Stock Repurchase Program — No shares were repurchased in 2018. The cumulative repurchases from the commencement of the Program in July 2010 through December 31, 2018 totaled 154.3 million shares for a total cost of $1.9 billion, at an average price per share of $12.12 (including a nominal amount of commissions). As of December 31, 2018, $264 million remained available for repurchase under the Program. The common stock repurchased has been classified as treasury stock and accounted for using the cost method. A total of 154,905,595 and 155,924,785 shares were held as treasury stock at December 31, 2018 and 2017, 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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