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Equity | 6 Months Ended
--- | ---
Jun. 30, 2020
Equity [Abstract] |
EQUITY | EQUITY Accumulated Other Comprehensive Loss — The following table summarizes the changes in AOCL by component, net of tax and NCI, for the six months ended June 30, 2020 (in millions):
| Foreign currency translation adjustment, net |  | Unrealized derivative gains (losses), net |  | Unfunded pension obligations, net |  | Total
Balance at the beginning of the period | $ | (1,721 | ) |  | $ | (470 | ) |  | $ | (38 | ) |  | $ | (2,229 | )
Other comprehensive loss before reclassifications | (77 | ) |  | (505 | ) |  | — |  |  | (582 | )
Amount reclassified to earnings | (2 | ) |  | 121 |  |  | — |  |  | 119 |
Other comprehensive loss | (79 | ) |  | (384 | ) |  | — |  |  | (463 | )
Reclassification from NCI due to Gener share repurchases | — |  |  | (1 | ) |  | — |  |  | (1 | )
Balance at the end of the period | $ | (1,800 | ) |  | $ | (855 | ) |  | $ | (38 | ) |  | $ | (2,693 | )
Reclassifications out of AOCL are presented in the following table. Amounts for the periods indicated are in millions and those in parentheses indicate debits to the Condensed Consolidated Statements of Operations:
AOCL Components |  | Affected Line Item in the Condensed Consolidated Statements of Operations |  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Foreign currency translation adjustment, net |  |
|  | Loss on disposal and sale of business interests |  | $ | 2 |  |  | $ | (23 | ) |  | $ | 2 |  |  | $ | (23 | )
|  | Net income (loss) attributable to The AES Corporation |  | $ | 2 |  |  | $ | (23 | ) |  | $ | 2 |  |  | $ | (23 | )
Derivative gains (losses), net |  |  |  |  |  |  |  |
|  | Non-regulated revenue |  | $ | (1 | ) |  | $ | — |  |  | $ | (1 | ) |  | $ | — |
|  | Non-regulated cost of sales |  | 2 |  |  | (1 | ) |  | 1 |  |  | (10 | )
|  | Interest expense |  | (103 | ) |  | (7 | ) |  | (119 | ) |  | (15 | )
|  | Loss on disposal and sale of business interests |  | — |  |  | 1 |  |  | — |  |  | 1 |
|  | Foreign currency transaction gains (losses) |  | — |  |  | (2 | ) |  | (23 | ) |  | 3 |
|  | Income from continuing operations before taxes and equity in earnings of affiliates |  | (102 | ) |  | (9 | ) |  | (142 | ) |  | (21 | )
|  | Income tax expense |  | 25 |  |  | 2 |  |  | 33 |  |  | 4 |
|  | Net equity in earnings (losses) of affiliates |  | (1 | ) |  | (2 | ) |  | (1 | ) |  | (2 | )
|  | Income (loss) from continuing operations |  | (78 | ) |  | (9 | ) |  | (110 | ) |  | (19 | )
|  | Less: Income from continuing operations attributable to noncontrolling interests and redeemable stock of subsidiaries |  | (17 | ) |  | 1 |  |  | (11 | ) |  | 1 |
|  | Net income (loss) attributable to The AES Corporation |  | $ | (95 | ) |  | $ | (8 | ) |  | $ | (121 | ) |  | $ | (18 | )
Amortization of defined benefit pension actuarial loss, net |  |  |  |  |  |  |  |
|  | Other expense |  | $ | (1 | ) |  | $ | — |  |  | $ | (1 | ) |  | $ | (1 | )
|  | Loss on disposal and sale of business interests |  | — |  |  | (26 | ) |  | — |  |  | (26 | )
|  | Income from continuing operations before taxes and equity in earnings of affiliates |  | (1 | ) |  | (26 | ) |  | (1 | ) |  | (27 | )
|  | Income tax expense |  | 1 |  |  | — |  |  | 1 |  |  | — |
|  | Income (loss) from continuing operations |  | — |  |  | (26 | ) |  | — |  |  | (27 | )
|  | Net income (loss) |  | — |  |  | (26 | ) |  | — |  |  | (27 | )
|  | Net income (loss) attributable to The AES Corporation |  | $ | — |  |  | $ | (26 | ) |  | $ | — |  |  | $ | (27 | )
Total reclassifications for the period, net of income tax and noncontrolling interests |  | $ | (93 | ) |  | $ | (57 | ) |  | $ | (119 | ) |  | $ | (68 | )
Common Stock Dividends — The Parent Company paid dividends of $0.1433 per outstanding share to its common stockholders during the first and second quarters of 2020 for dividends declared in December 2019 and February 2020, respectively. On July 17, 2020, the Board of Directors declared a quarterly common stock dividend of $0.1433 per share payable on August 18, 2020, to shareholders of record at the close of business on August 3, 2020.

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