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Debt (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Non-recourse debt [Table Text Block] | During the year ended December 31, 2020, the Company's subsidiaries had the following significant debt transactions:
Subsidiary | Transaction Period |  | Issuances |  | Repayments |  | Gain (Loss) on Extinguishment of Debt
Southland (1) | Q1, Q2, Q4 |  | $ | 283 |  |  | $ | (125) |  |  | $ | (1) |
AES Brasil | Q2, Q3, Q4 |  | 375 |  |  | (1) |  |  | — |
Gener | Q1, Q2 |  | 90 |  |  | (8) |  |  | — |
DPL (2) | Q2, Q3 |  | 555 |  |  | (520) |  |  | (34) |
IPALCO | Q2 |  | 475 |  |  | (470) |  |  | (2) |
Mong Duong | Q2 |  | 150 |  |  | — |  |  | — |
Panama (3) | Q3 |  | 1,485 |  |  | (1,228) |  |  | (16) |
Cochrane | Q3 |  | 485 |  |  | (445) |  |  | (1) |
Angamos | Q3 |  | — |  |  | (309) |  |  | (5) |
_____________________________ (1)Issuances relate to the June 2017 long-term non-recourse debt financing to fund the Southland repowering construction projects. (2)Includes transactions at DPL and its subsidiary, DP&L. (3)Repayments relate to existing obligations at AES Panama, Changuinola, and Colon.
Carrying Amount and Terms of Non-Recourse Debt | The following table summarizes the carrying amount and terms of non-recourse debt at our subsidiaries as of the periods indicated (in millions):
NON-RECOURSE DEBT | Weighted Average Interest Rate |  | Maturity |  | December 31,
2020 |  | 2019
Variable Rate: |  |  |  |  |  |  |
Bank loans | 3.93% |  | 2021 – 2050 |  | $ | 3,494 |  |  | $ | 3,389 |
Notes and bonds | 3.11% |  | 2023 – 2030 |  | 800 |  |  | 1,056 |
Debt to (or guaranteed by) multilateral, export credit agencies or development banks (1) | 1.67% |  | 2023 – 2033 |  | 457 |  |  | 460 |
Fixed Rate: |  |  |  |  |  |  |
Bank loans | 4.72% |  | 2021 – 2040 |  | 2,965 |  |  | 2,900 |
Notes and bonds | 5.20% |  | 2021 – 2079 |  | 8,907 |  |  | 8,098 |
Debt to (or guaranteed by) multilateral, export credit agencies or development banks (1) | 3.41% |  | 2021 – 2023 |  | 34 |  |  | 1,110 |
Other | 4.20% |  | 2061 |  | 18 |  |  | 17 |
Unamortized (discount) premium & debt issuance (costs), net |  |  |  |  | (321) |  |  | (318) |
Subtotal |  |  |  |  | $ | 16,354 |  |  | $ | 16,712 |
Less: Current maturities (2) |  |  |  |  | (1,426) |  |  | (1,865) |
Noncurrent maturities (2) |  |  |  |  | $ | 14,928 |  |  | $ | 14,847 |
_____________________________ (1) Multilateral loans include loans funded and guaranteed by bilaterals, multilaterals, development banks and other similar institutions.
Schedule For Maturity For Non-Recourse Debt | Non-recourse debt as of December 31, 2020 is scheduled to reach maturity as shown below (in millions):
December 31, | Annual Maturities
2021 | $ | 1,439 |
2022 | 516 |
2023 | 1,017 |
2024 | 1,307 |
2025 | 996 |
Thereafter | 11,400 |
Unamortized (discount) premium & debt issuance (costs), net | (321) |
Total | $ | 16,354 |
Debt In Default Table | The following table summarizes the Company's subsidiary non-recourse debt in default (in millions) as of December 31, 2020. Due to the defaults, these amounts are included in the current portion of non-recourse debt:
| Primary Nature of Default |  | December 31, 2020
Subsidiary | Debt in Default |  | Net Assets
AES Puerto Rico | Covenant |  | $ | 238 |  |  | $ | 171 |
AES Ilumina (Puerto Rico) | Covenant |  | 31 |  |  | 19 |
AES Jordan Solar | Covenant |  | 7 |  |  | 1 |
Total |  |  | $ | 276 |  |
Schedule of Recourse Debt Detail | The following table summarizes the carrying amount and terms of recourse debt of the Company as of the periods indicated (in millions):
| Interest Rate |  | Final Maturity |  | December 31, 2020 |  | December 31, 2019
Senior Unsecured Note | 4.00% |  | 2021 |  | — |  |  | 500 |
Senior Secured Term Loan | LIBOR + 1.75% |  | 2022 |  | — |  |  | 18 |
Senior Unsecured Note | 4.875% |  | 2023 |  | — |  |  | 613 |
Senior Unsecured Note | 4.50% |  | 2023 |  | — |  |  | 500 |
Drawings on revolving credit facility | LIBOR + 1.75% |  | 2024 |  | 70 |  |  | 180 |
Senior Unsecured Note | 5.50% |  | 2024 |  | — |  |  | 63 |
Senior Unsecured Note | 5.50% |  | 2025 |  | — |  |  | 544 |
Senior Unsecured Note | 3.30% |  | 2025 |  | 900 |  |  | — |
Senior Unsecured Note | 6.00% |  | 2026 |  | — |  |  | 500 |
Senior Unsecured Note | 1.375% |  | 2026 |  | 800 |  |  | — |
Senior Unsecured Note | 5.125% |  | 2027 |  | — |  |  | 500 |
Senior Unsecured Note | 3.95% |  | 2030 |  | 700 |  |  | — |
Senior Unsecured Note | 2.45% |  | 2031 |  | 1,000 |  |  | — |
Other (1) | CDI + 7.00% |  | 2026 |  | 18 |  |  | — |
Unamortized (discount) premium & debt issuance (costs), net |  |  |  |  | (41) |  |  | (22) |
Subtotal |  |  |  |  | $ | 3,447 |  |  | $ | 3,396 |
Less: Current maturities |  |  |  |  | (1) |  |  | (5) |
Noncurrent maturities |  |  |  |  | $ | 3,446 |  |  | $ | 3,391 |
_____________________________ (1)Represents project-level limited recourse debt at AES Holdings Brasil Ltda.
|  |  |  |  |  | December 31,
|  | Interest Rate |  | Maturity |  | 2020 |  | 2019
Senior Unsecured Note |  | 4.00% |  | 2021 |  | — |  |  | 500 |
Senior Secured Term Loan |  | LIBOR + 1.75% |  | 2022 |  | — |  |  | 18 |
Senior Unsecured Note |  | 4.875% |  | 2023 |  | — |  |  | 613 |
Senior Unsecured Note |  | 4.50% |  | 2023 |  | — |  |  | 500 |
Drawings on revolving credit facility |  | LIBOR + 1.75% |  | 2024 |  | 70 |  |  | 180 |
Senior Unsecured Note |  | 5.50% |  | 2024 |  | — |  |  | 63 |
Senior Unsecured Note |  | 5.50% |  | 2025 |  | — |  |  | 544 |
Senior Unsecured Note |  | 3.30% |  | 2025 |  | 900 |  |  | — |
Senior Unsecured Note |  | 6.00% |  | 2026 |  | — |  |  | 500 |
Senior Unsecured Note |  | 1.375% |  | 2026 |  | 800 |  |  | — |
Senior Unsecured Note |  | 5.125% |  | 2027 |  | — |  |  | 500 |
Senior Unsecured Note |  | 3.95% |  | 2030 |  | 700 |  |  | — |
Senior Unsecured Note |  | 2.45% |  | 2031 |  | 1,000 |  |  | — |
Unamortized (discounts)/premiums & debt issuance (costs) |  |  |  |  |  | (40) |  |  | (22) |
Subtotal |  |  |  |  |  | $ | 3,430 |  |  | $ | 3,396 |
Less: Current maturities |  |  |  |  |  | — |  |  | (5) |
Total |  |  |  |  |  | $ | 3,430 |  |  | $ | 3,391 |
Schedule of Future Maturities of Recourse Debt | The following table summarizes the principal amounts due under our recourse debt for the next five years and thereafter (in millions):
December 31, | Net Principal Amounts Due
2021 | $ | 1 |
2022 | 3 |
2023 | 3 |
2024 | 74 |
2025 | 903 |
Thereafter | 2,504 |
Unamortized (discount) premium & debt issuance (costs), net | (41) |
Total recourse debt | $ | 3,447 |
As of December 31, 2020 scheduled maturities are presented in the following table (in millions):
December 31, | Annual Maturities
2021 | $ | — |
2022 | — |
2023 | — |
2024 | 70 |
2025 | 900 |
Thereafter | 2,500 |
Unamortized (discount)/premium & debt issuance (costs) | (40) |
Total debt | $ | 3,430 |

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