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Debt (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Non-recourse debt [Table Text Block] | During the year ended December 31, 2021, the Company's subsidiaries had the following significant debt transactions:
Subsidiary | Transaction Period |  | Issuances |  | Repayments |  | Loss on Extinguishment of Debt
AES Brasil | Q1, Q4 |  | 412 |  |  | (382) |  |  | (27) |
AES Clean Energy Development (1) | Q3, Q4 |  | 502 |  |  | — |  |  | — |
Andres (2) | Q2 |  | 300 |  |  | (274) |  |  | (14) |
AES Andes | Q3 |  | — |  |  | (129) |  |  | (14) |
IPALCO | Q3 |  | 95 |  |  | (95) |  |  | — |
_____________________________ (1)Issuances relate to AES Clean Energy and AES Renewable Holdings. (2)Repayments relate to Andres and DPP.
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,
2021 |  | 2020
Variable Rate: |  |  |  |  |  |  |
Bank loans | 1.89% |  | 2022 - 2079 |  | $ | 2,345 |  |  | $ | 3,494 |
Notes and bonds | 1.01% |  | 2022 - 2041 |  | 1,121 |  |  | 800 |
Debt to (or guaranteed by) multilateral, export credit agencies or development banks (1) | 2.07% |  | 2023 - 2026 |  | 79 |  |  | 457 |
Other | 4.44% |  | 2022 - 2027 |  | 125 |  |  | — |
Fixed Rate: |  |  |  |  |  |  |
Bank loans | 3.58% |  | 2022 - 2033 |  | 359 |  |  | 2,965 |
Notes and bonds | 5.03% |  | 2022 - 2079 |  | 10,914 |  |  | 8,907 |
Debt to (or guaranteed by) multilateral, export credit agencies or development banks (1) | 6.75% |  | 2024 |  | 3 |  |  | 34 |
Other | 7.06% |  | 2022 - 2061 |  | 79 |  |  | 18 |
Unamortized (discount) premium & debt issuance (costs), net |  |  |  |  | (214) |  |  | (321) |
Subtotal |  |  |  |  | $ | 14,811 |  |  | $ | 16,354 |
Less: Current maturities (2) |  |  |  |  | (1,361) |  |  | (1,426) |
Noncurrent maturities (2) (3) |  |  |  |  | $ | 13,450 |  |  | $ | 14,928 |
_____________________________ (1) Multilateral loans include loans funded and guaranteed by bilaterals, multilaterals, development banks and other similar institutions. (2) Excludes $6 million and $4 million (current) and $128 million and $77 million (noncurrent) finance lease liabilities included in the respective non-recourse debt line items on the Consolidated Balance Sheet as of December 31, 2021 and 2020, respectively. See Note 14—Leases for further information. (3) Excludes $25 million of failed sale-leaseback transaction liabilities included in the non-recourse debt line items on the Consolidated Balance Sheet as of December 31, 2021.
Schedule For Maturity For Non-Recourse Debt | Non-recourse debt as of December 31, 2021 is scheduled to reach maturity as shown below (in millions):
December 31, | Annual Maturities
2022 | $ | 1,370 |
2023 | 874 |
2024 | 1,378 |
2025 | 1,393 |
2026 | 815 |
Thereafter | 9,195 |
Unamortized (discount) premium & debt issuance (costs), net | (214) |
Total | $ | 14,811 |
Debt In Default Table | The following table summarizes the Company's subsidiary non-recourse debt in default (in millions) as of December 31, 2021. Due to the defaults, these amounts are included in the current portion of non-recourse debt:
| Primary Nature of Default |  | December 31, 2021
Subsidiary | Debt in Default |  | Net Assets
AES Puerto Rico | Covenant |  | $ | 201 |  |  | $ | (182) |
AES Ilumina (Puerto Rico) | Covenant |  | 29 |  |  | 25 |
AES Jordan Solar | Covenant |  | 7 |  |  | 5 |
Total |  |  | $ | 237 |  |
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, 2021 |  | December 31, 2020
Senior Unsecured Note | 3.30% |  | 2025 |  | 900 |  |  | 900 |
Drawings on revolving credit facility | LIBOR + 1.75% |  | 2026 |  | 365 |  |  | 70 |
Senior Unsecured Note | 1.375% |  | 2026 |  | 800 |  |  | 800 |
Senior Unsecured Note | 3.95% |  | 2030 |  | 700 |  |  | 700 |
Senior Unsecured Note | 2.45% |  | 2031 |  | 1,000 |  |  | 1,000 |
Other (1) | CDI + 7.00% |  | 2022 |  | 25 |  |  | 18 |
Unamortized (discount) premium & debt issuance (costs), net |  |  |  |  | (36) |  |  | (41) |
Subtotal |  |  |  |  | $ | 3,754 |  |  | $ | 3,447 |
Less: Current maturities |  |  |  |  | (25) |  |  | (1) |
Noncurrent maturities |  |  |  |  | $ | 3,729 |  |  | $ | 3,446 |
_____________________________ (1)Represents project-level limited recourse debt at AES Holdings Brasil Ltda.
|  |  |  |  |  | December 31,
|  | Interest Rate |  | Maturity |  | 2021 |  | 2020
Senior Unsecured Note |  | 3.30% |  | 2025 |  | 900 |  |  | 900 |
Drawings on revolving credit facility |  | LIBOR + 1.75% |  | 2026 |  | 365 |  |  | 70 |
Senior Unsecured Note |  | 1.375% |  | 2026 |  | 800 |  |  | 800 |
Senior Unsecured Note |  | 3.95% |  | 2030 |  | 700 |  |  | 700 |
Senior Unsecured Note |  | 2.45% |  | 2031 |  | 1,000 |  |  | 1,000 |
Unamortized (discounts)/premiums & debt issuance (costs) |  |  |  |  |  | (36) |  |  | (40) |
Total |  |  |  |  |  | $ | 3,729 |  |  | $ | 3,430 |
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
2022 | $ | 25 |
2023 | — |
2024 | — |
2025 | 900 |
2026 | 1,165 |
Thereafter | 1,700 |
Unamortized (discount) premium & debt issuance (costs), net | (36) |
Total recourse debt | $ | 3,754 |
As of December 31, 2021 scheduled maturities are presented in the following table (in millions):
December 31, | Annual Maturities
2022 | $ | — |
2023 | — |
2024 | — |
2025 | 900 |
2026 | 1,165 |
Thereafter | 1,700 |
Unamortized (discount)/premium & debt issuance (costs) | (36) |
Total debt | $ | 3,729 |

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