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Selected Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract] |
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) | SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) Quarterly Financial Data — The following tables summarize the unaudited quarterly Condensed Consolidated Statements of Operations for the Company for 2021 and 2020 (amounts in millions, except per share data). Amounts have been restated to reflect discontinued operations in all periods presented and reflect all adjustments necessary in the opinion of management for a fair statement of the results for interim periods.
Quarter Ended 2021 | Mar 31 |  | Jun 30 |  | Sep 30 |  | Dec 31
Revenue | $ | 2,635 |  |  | $ | 2,700 |  |  | $ | 3,036 |  |  | $ | 2,770 |
Operating margin | 664 |  |  | 728 |  |  | 760 |  |  | 559 |
Income (loss) from continuing operations, net of tax (1) | (29) |  |  | (81) |  |  | 485 |  |  | (1,330) |
Income from discontinued operations, net of tax | — |  |  | 4 |  |  | — |  |  | — |
Net income (loss) | $ | (29) |  |  | $ | (77) |  |  | $ | 485 |  |  | $ | (1,330) |
Net income (loss) attributable to The AES Corporation | $ | (148) |  |  | $ | 28 |  |  | $ | 343 |  |  | $ | (632) |
Basic earnings (loss) per share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax | $ | (0.22) |  |  | $ | 0.03 |  |  | $ | 0.52 |  |  | $ | (0.95) |
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax | — |  |  | 0.01 |  |  | — |  |  | — |
Net income (loss) attributable to The AES Corporation common stockholders | $ | (0.22) |  |  | $ | 0.04 |  |  | $ | 0.52 |  |  | $ | (0.95) |
Diluted earnings (loss) per share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax | $ | (0.22) |  |  | $ | 0.03 |  |  | $ | 0.48 |  |  | $ | (0.95) |
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax | — |  |  | 0.01 |  |  | — |  |  | — |
Net income (loss) attributable to The AES Corporation common stockholders | $ | (0.22) |  |  | $ | 0.04 |  |  | $ | 0.48 |  |  | $ | (0.95) |
Dividends declared per common share | $ | 0.15 |  |  | $ | — |  |  | $ | 0.15 |  |  | $ | 0.31 |
Quarter Ended 2020 | Mar 31 |  | Jun 30 |  | Sep 30 |  | Dec 31
Revenue | $ | 2,338 |  |  | $ | 2,217 |  |  | $ | 2,545 |  |  | $ | 2,560 |
Operating margin | 507 |  |  | 524 |  |  | 756 |  |  | 906 |
Income (loss) from continuing operations, net of tax (2) | 229 |  |  | — |  |  | (481) |  |  | 401 |
Income from discontinued operations, net of tax | — |  |  | 3 |  |  | — |  |  | — |
Net income (loss) | $ | 229 |  |  | $ | 3 |  |  | $ | (481) |  |  | $ | 401 |
Net income (loss) attributable to The AES Corporation | $ | 144 |  |  | $ | (83) |  |  | $ | (333) |  |  | $ | 318 |
Basic earnings (loss) per share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax | $ | 0.22 |  |  | $ | (0.13) |  |  | $ | (0.50) |  |  | $ | 0.48 |
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax | — |  |  | 0.01 |  |  | — |  |  | — |
Net income (loss) attributable to The AES Corporation common stockholders | $ | 0.22 |  |  | $ | (0.12) |  |  | $ | (0.50) |  |  | $ | 0.48 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |
Income (loss) from continuing operations attributable to The AES Corporation common stockholders, net of tax | $ | 0.22 |  |  | $ | (0.13) |  |  | $ | (0.50) |  |  | $ | 0.47 |
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax | — |  |  | 0.01 |  |  | — |  |  | — |
Net income (loss) attributable to The AES Corporation common stockholders | $ | 0.22 |  |  | $ | (0.12) |  |  | $ | (0.50) |  |  | $ | 0.47 |
Dividends declared per common share | $ | 0.14 |  |  | $ | — |  |  | $ | 0.14 |  |  | $ | 0.29 |
_____________________________ (1)Includes pre-tax impairment expense of $473 million, $872 million, and $201 million in the first, second, and fourth quarters of 2021, respectively (See Note 22—Asset Impairment Expense), and pre-tax loss on sale of business interests of $1.8 billion, primarily due to the deconsolidation of Alto Maipo, in the fourth quarter of 2021 (See Note 24—Held-for-Sale and Dispositions). (2)Includes pre-tax impairment expense of $849 million in the third quarter of 2020 (See Note 22—Asset Impairment Expense), other-than-temporary impairment of OPGC of $43 million and $158 million in the first and second quarters of 2020, respectively, and net equity in losses of affiliates, primarily at Guacolda, of $112 million in the third quarter of 2020 (See Note 8—Investments in and Advances to Affiliates).

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
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