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Segment and Geographic Information
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION SEGMENTS AND GEOGRAPHIC INFORMATION
The segment reporting structure uses the Company's management reporting structure as its foundation to reflect how the Company manages the businesses internally and is mainly organized by geographic regions which provides a socio-political-economic understanding of our business. The management reporting structure is organized by four SBUs led by our President and Chief Executive Officer: US and Utilities, South America, MCAC, and Eurasia SBUs. Using the accounting guidance on segment reporting, the Company determined that its four operating segments are aligned with its four reportable segments corresponding to its SBUs. In January 2022, we internally announced a reorganization as a part of our ongoing strategy to align our business to meet our customers' needs and deliver on our major strategic objectives. The Company is currently evaluating the impact this reorganization will have on our segment reporting structure.
Corporate and Other — Included in "Corporate and Other" are the results of the AES self-insurance company and certain equity affiliates, corporate overhead costs which are not directly associated with the operations of our four reportable segments, and certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation.
The Company uses Adjusted PTC as its primary segment performance measure. Adjusted PTC, a non-GAAP measure, is defined by the Company as pre-tax income from continuing operations attributable to The AES Corporation excluding gains or losses of the consolidated entity due to (a) unrealized gains or losses related to derivative transactions and equity securities; (b) unrealized foreign currency gains or losses; (c) gains, losses, benefits and costs associated with dispositions and acquisitions of business interests, including early plant closures, and gains and losses recognized at commencement of sales-type leases; (d) losses due to impairments; (e) gains, losses and costs due to the early retirement of debt; and (f) net gains at Angamos, one of our businesses in the South America SBU, associated with the early contract terminations with Minera Escondida and Minera Spence. Adjusted PTC also includes net equity in earnings of affiliates on an after-tax basis adjusted for the same gains or losses excluded from consolidated entities. The Company has concluded Adjusted PTC better reflects the underlying business performance of the Company and is the most relevant measure considered in the Company's internal evaluation of the financial performance of its segments. Additionally, given its large number of businesses and complexity, the Company concluded that Adjusted PTC is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the Company's results.    
Revenue and Adjusted PTC are presented before inter-segment eliminations, which includes the effect of intercompany transactions with other segments except for interest, charges for certain management fees, and the write-off of intercompany balances, as applicable. All intra-segment activity has been eliminated within the segment. Inter-segment activity has been eliminated within the total consolidated results.
The following tables present financial information by segment for the periods indicated (in millions):
Total Revenue
Year Ended December 31,202120202019
US and Utilities SBU$4,335 $3,918 $4,058 
South America SBU3,541 3,159 3,208 
MCAC SBU2,157 1,766 1,882 
Eurasia SBU1,123 828 1,047 
Corporate and Other116 231 46 
Eliminations(131)(242)(52)
Total Revenue$11,141 $9,660 $10,189 
Reconciliation from Income (Loss) from Continuing Operations before Taxes and Equity in Earnings of Affiliates:Total Adjusted PTC
Year Ended December 31,
202120202019
Income (loss) from continuing operations before taxes and equity in earnings of affiliates$(1,064)$488 $1,001 
Add: Net equity in losses of affiliates(24)(123)(172)
Less: Loss (income) from continuing operations before taxes, attributable to noncontrolling interests644 (192)(277)
Pre-tax contribution(444)173 552 
Unrealized derivative and equity securities losses (gains)(1)3 113 
Unrealized foreign currency losses (gains)14 (10)36 
Disposition/acquisition losses861 112 12 
Impairment losses1,153 928 406 
Loss on extinguishment of debt91 223 121 
Net gains from early contract terminations at Angamos(256)(182)— 
Total Adjusted PTC$1,418 $1,247 $1,240 
Total Adjusted PTC
Year Ended December 31,202120202019
US and Utilities SBU$660 $505 $569 
South America SBU423 534 504 
MCAC SBU314 287 367 
Eurasia SBU196 177 159 
Corporate and Other(182)(256)(347)
Eliminations7 — (12)
Total Adjusted PTC$1,418 $1,247 $1,240 
Total AssetsDepreciation and AmortizationCapital Expenditures
Year Ended December 31, 202120202019202120202019202120202019
US and Utilities SBU$16,512 $14,464 $13,334 $549 $534 $465 $1,115 $1,099 $1,484 
South America SBU7,728 11,329 11,314 273 294 315 833 650 692 
MCAC SBU4,545 4,847 4,770 155 164 183 143 183 344 
Eurasia SBU3,466 3,621 3,990 66 63 67 20 9 30 
Corporate and Other712 342 240 13 13 15 29 19 1 
Total$32,963 $34,603 $33,648 $1,056 $1,068 $1,045 $2,140 $1,960 $2,551 
Interest IncomeInterest Expense
Year Ended December 31, 202120202019202120202019
US and Utilities SBU$28 $17 $18 $362 $371 $301 
South America SBU100 64 95 239 237 285 
MCAC SBU7 14 22 139 157 142 
Eurasia SBU161 171 180 98 113 127 
Corporate and Other2 2 3 73 160 195 
Total$298 $268 $318 $911 $1,038 $1,050 
Investments in and Advances to AffiliatesNet Equity in Earnings (Losses) of Affiliates
Year Ended December 31, 202120202019202120202019
US and Utilities SBU$510 $568 $465 $83 $(8)$11 
South America SBU19 13 77 — (80)(129)
MCAC SBU144 168 107 (23)(11)(13)
Eurasia SBU— 1 215 2 4 (9)
Corporate and Other407 85 102 (86)(28)(32)
Total$1,080 $835 $966 $(24)$(123)$(172)
The following table presents information, by country, about the Company's consolidated operations for each of the three years ended December 31, 2021, 2020, and 2019, and as of December 31, 2021 and 2020 (in millions). Revenue is recorded in the country in which it is earned and assets are recorded in the country in which they are located.
Total Revenue
Long-Lived Assets (1)
Year Ended December 31, 20212020201920212020
United States (2)
$3,531 $3,243 $3,230 $11,034 $10,360 
Non-U.S.:
Chile2,297 2,092 1,839 2,241 5,831 
Dominican Republic1,087 896 877 892 843 
El Salvador792 666 824 371 361 
Bulgaria700 444 459 1,020 1,149 
Panama595 519 601 1,907 1,939 
Brazil471 401 525 1,215 1,091 
Mexico471 349 402 614 623 
Argentina390 308 373 470 484 
Colombia383 358 472 349 355 
Vietnam (3)
320 285 343 — — 
Jordan98 96 95 42 44 
United Kingdom (4)
— — 147 — — 
Other Non-U.S.6 3 2 28 23 
Total Non-U.S.7,610 6,417 6,959 9,149 12,743 
Total$11,141 $9,660 $10,189 $20,183 $23,103 
_____________________________
(1)     For purposes of this disclosure, long-lived assets implies hard assets that cannot be readily removed, and thus excludes intangibles. Long-lived assets disclosed above include amounts recorded in Property, plant and equipment, net and right-of-use assets for operating leases recorded in Other noncurrent assets on the Consolidated Balance Sheets.
(2)     Includes Puerto Rico revenues of $311 million, $298 million, and $294 million for the years ended December 31, 2021, 2020, and 2019, respectively, and long-lived assets of $79 million and $533 million as of December 31, 2021 and 2020, respectively.
(3)     Mong Duong assets were classified as held-for-sale as of December 31, 2021 and 2020. See Notes 20—Revenue and 24—Held-for-Sale and Dispositions for further information.
(4)     The Kilroot and Ballylumford long-lived assets were deconsolidated upon completion of the sale in June 2019. See Note 24—Held-for-Sale and Dispositions for further information.