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Earnings Per Share | 9 Months Ended
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Sep. 30, 2020
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Basic and diluted earnings per share are based on the weighted average number of shares of common stock and potential common stock outstanding during the period. Potential common stock, for purposes of determining diluted earnings per share, includes the effects of dilutive RSUs and stock options. The effect of such potential common stock is computed using the treasury stock method. The following table is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for income from continuing operations for the three and nine months ended September 30, 2020 and 2019, where income represents the numerator and weighted average shares represent the denominator.
Three Months Ended September 30, | 2020 |  | 2019
(in millions, except per share data) | Loss |  | Shares |  | $ per Share |  | Income |  | Shares |  | $ per Share
BASIC EARNINGS (LOSS) PER SHARE |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to The AES Corporation common stockholders | $ | (333) |  |  | 665 |  |  | $ | (0.50) |  |  | $ | 210 |  |  | 664 |  |  | $ | 0.32 |
EFFECT OF DILUTIVE SECURITIES |  |  |  |  |  |  |  |  |  |  |
Restricted stock units | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | — |
DILUTED EARNINGS (LOSS) PER SHARE | $ | (333) |  |  | 665 |  |  | $ | (0.50) |  |  | $ | 210 |  |  | 667 |  |  | $ | 0.32 |
Nine Months Ended September 30, | 2020 |  | 2019
(in millions, except per share data) | Loss |  | Shares |  | $ per Share |  | Income |  | Shares |  | $ per Share
BASIC EARNINGS (LOSS) PER SHARE |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to The AES Corporation common stockholders | $ | (275) |  |  | 665 |  |  | $ | (0.41) |  |  | $ | 380 |  |  | 663 |  |  | $ | 0.57 |
EFFECT OF DILUTIVE SECURITIES |  |  |  |  |  |  |  |  |  |  |
Stock options | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | — |
Restricted stock units | — |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | — |
DILUTED EARNINGS PER SHARE | $ | (275) |  |  | 665 |  |  | $ | (0.41) |  |  | $ | 380 |  |  | 667 |  |  | $ | 0.57 |
The calculation of diluted earnings per share excluded 1 million outstanding stock awards for the three and nine months ended September 30, 2019, which would be anti-dilutive. These stock awards could potentially dilute basic earnings per share in the future. For the three and nine months ended September 30, 2020, the calculation of diluted earnings per share excluded 6 million outstanding stock awards because their impact would be anti-dilutive given the loss from continuing operations. These stock awards could potentially dilute basic earnings per share in the future. Had the Company generated income, 3 million potential shares of common stock related to the stock awards would have been included in diluted weighted-average shares outstanding.

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