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Debt (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Non-recourse debt [Table Text Block] | During the year ended December 31, 2022, the Company's subsidiaries had the following significant debt transactions:
Subsidiary | Transaction Period |  | Issuances |  | Repayments |  | Loss on Extinguishment of Debt
AES Andes (1) | Q1, Q2, Q3, Q4 |  | $ | 999 |  |  | $ | (217) |  |  | $ | — |
AES Brasil | Q1, Q2, Q4 |  | 779 |  |  | (201) |  |  | — |
AES Clean Energy (2) | Q2, Q3, Q4 |  | 1,153 |  |  | (815) |  |  | (12) |
AES Indiana | Q2, Q4 |  | 550 |  |  | (200) |  |  | — |
United Kingdom | Q1 |  | 710 |  |  | (350) |  |  | — |
Netherlands/Panama | Q1 |  | 500 |  |  | — |  |  | — |
El Salvador | Q2 |  | 348 |  |  | (345) |  |  | — |
AES Ohio | Q2 |  | 140 |  |  | — |  |  | — |
AES Dominicana Renewable Energy | Q3 |  | 120 |  |  | — |  |  | — |
Bulgaria | Q4 |  | 159 |  |  | — |  |  | — |
_____________________________ (1)Issuances and repayments relate to AES Andes S.A. and AES Colombia. (2)Issuances and repayments relate to AES Clean Energy Development and AES Renewable Holdings entities
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,
2022 |  | 2021
Variable Rate: |  |  |  |  |  |  |
Bank loans | 7.42% |  | 2023 - 2041 |  | $ | 3,971 |  |  | $ | 2,345 |
Notes and bonds | 1.48% |  | 2023 - 2045 |  | 2,137 |  |  | 1,121 |
Debt to (or guaranteed by) multilateral, export credit agencies or development banks (1) | 6.59% |  | 2023 - 2023 |  | 4 |  |  | 79 |
Other | 6.64% |  | 2023 - 2030 |  | 1,234 |  |  | 125 |
Fixed Rate: |  |  |  |  |  |  |
Bank loans | 6.12% |  | 2023 - 2057 |  | 461 |  |  | 359 |
Notes and bonds | 5.05% |  | 2023 - 2079 |  | 11,130 |  |  | 10,914 |
Debt to (or guaranteed by) multilateral, export credit agencies or development banks (1) | 6.75% |  | 2024 - 2024 |  | 3 |  |  | 3 |
Other | 4.95% |  | 2023 - 2061 |  | 798 |  |  | 79 |
Unamortized (discount) premium & debt issuance (costs), net |  |  |  |  | (309) |  |  | (214) |
Subtotal |  |  |  |  | $ | 19,429 |  |  | $ | 14,811 |
Less: Current maturities (2) |  |  |  |  | (1,752) |  |  | (1,361) |
Noncurrent maturities (2) (3) |  |  |  |  | $ | 17,677 |  |  | $ | 13,450 |
_____________________________ (1) Multilateral loans include loans funded and guaranteed by bilaterals, multilaterals, development banks and other similar institutions. (2) Excludes $6 million and $6 million (current) and $169 million and $128 million (noncurrent) finance lease liabilities included in the respective non-recourse debt line items on the Consolidated Balance Sheet as of December 31, 2022 and 2021, 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, 2022 is scheduled to reach maturity as shown below (in millions):
December 31, | Annual Maturities
2023 | $ | 1,761 |
2024 | 2,687 |
2025 | 2,237 |
2026 | 1,040 |
2027 | 2,720 |
Thereafter | 9,293 |
Unamortized (discount) premium & debt issuance (costs), net | (309) |
Total | $ | 19,429 |
Debt In Default Table | The following table summarizes the Company's subsidiary non-recourse debt in default (in millions) as of December 31, 2022. Due to the defaults, these amounts are included in the current portion of non-recourse debt:
| Primary Nature of Default |  | December 31, 2022
Subsidiary | Debt in Default |  | Net Assets
AES Puerto Rico | Covenant |  | $ | 143 |  |  | $ | (178) |
AES Ilumina (Puerto Rico) | Covenant |  | 27 |  |  | 27 |
AES Jordan Solar | Covenant |  | 7 |  |  | 10 |
Total |  |  | $ | 177 |  |
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, 2022 |  | December 31, 2021
Senior Variable Rate Term Loan | SOFR + 1.125% |  | 2024 |  | 200 |  |  | — |
Senior Unsecured Note | 3.30% |  | 2025 |  | 900 |  |  | 900 |
Drawings on revolving credit facility | SOFR + 1.75% |  | 2027 |  | 325 |  |  | 365 |
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 |
Unamortized (discount) premium & debt issuance (costs), net |  |  |  |  | (31) |  |  | (36) |
Subtotal |  |  |  |  | $ | 3,894 |  |  | $ | 3,754 |
Less: Current maturities |  |  |  |  | — |  |  | (25) |
Noncurrent maturities |  |  |  |  | $ | 3,894 |  |  | $ | 3,729 |
_____________________________ (1)Represents project-level limited recourse debt at AES Holdings Brasil Ltda.
|  |  |  |  |  | December 31,
|  | Interest Rate |  | Maturity |  | 2022 |  | 2021
Senior Variable Rate Term Loan |  | SOFR + 1.125% |  | 2024 |  | 200 |  |  | — |
Senior Unsecured Note |  | 3.300% |  | 2025 |  | 900 |  |  | 900 |
Drawings on revolving credit facility |  | SOFR + 1.75% |  | 2027 |  | 325 |  |  | 365 |
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) |  |  |  |  |  | (31) |  |  | (36) |
Total |  |  |  |  |  | $ | 3,894 |  |  | $ | 3,729 |
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
2023 | $ | — |
2024 | 200 |
2025 | 900 |
2026 | 800 |
2027 | 325 |
Thereafter | 1,700 |
Unamortized (discount) premium & debt issuance (costs), net | (31) |
Total recourse debt | $ | 3,894 |
As of December 31, 2022 scheduled maturities are presented in the following table (in millions):
December 31, | Annual Maturities
2023 | $ | — |
2024 | 200 |
2025 | 900 |
2026 | 800 |
2027 | 325 |
Thereafter | 1,700 |
Unamortized (discount)/premium & debt issuance (costs), net | (31) |
Total debt | $ | 3,894 |

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