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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Statement of Comprehensive Income [Abstract]        
NET INCOME $ 210 $ 291 $ 449 $ 461
Foreign currency translation activity:        
Foreign currency translation adjustments, net of income tax benefit of $9, $0, $9, and $0, respectively 36 (44) (128) 75
Total foreign currency translation adjustments 36 (44) (128) 75
Derivative activity:        
Change in fair value of derivatives, net of income tax benefit (expense) of $65, $(73), $(1), and $(78), respectively (262) 274 30 276
Reclassification to earnings, net of income tax benefit (expense) of $0, $0, $(7), and $11, respectively (3) (1) 18 (49)
Total change in fair value of derivatives (265) 273 48 227
Pension activity:        
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, after Tax 0 0 (1) (1)
Total pension adjustments 0 0 (1) (1)
Accumulated Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax 0 0 3 0
OTHER COMPREHENSIVE INCOME (LOSS) (229) 229 (76) 303
COMPREHENSIVE INCOME (LOSS) (19) 520 373 764
Less: Comprehensive loss (income) attributable to noncontrolling interests and redeemable stock of subsidiaries 335 (109) 665 (168)
COMPREHENSIVE INCOME ATTRIBUTABLE TO THE AES CORPORATION $ 316 $ 411 $ 1,038 $ 596