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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Income from Continuing Operations before taxes and equity in earnings of affiliates [Table Text Block] | The following table shows the income (loss) from continuing operations, before income taxes, net equity in earnings of affiliates and noncontrolling interests, for the periods indicated (in millions):
December 31, |  | 2024 |  | 2023 |  | 2022
U.S. |  | $ | (264) |  |  | $ | (238) |  |  | $ | 22 |
Non-U.S. |  | 1,158 |  |  | 342 |  |  | (191) |
Total |  | $ | 894 |  |  | $ | 104 |  |  | $ | (169) |
Income Tax Expense On Continuing Operations | The following table summarizes the expense for income taxes on continuing operations for the periods indicated (in millions):
December 31, |  | 2024 |  | 2023 |  | 2022
Federal: | Current | $ | 4 |  |  | $ | 9 |  |  | $ | 3 |
| Deferred | (220) |  |  | 15 |  |  | (18) |
State: | Current | 29 |  |  | 16 |  |  | 2 |
| Deferred | 23 |  |  | 30 |  |  | 1 |
Foreign: | Current | 249 |  |  | 289 |  |  | 256 |
| Deferred | (26) |  |  | (98) |  |  | 21 |
Total |  | $ | 59 |  |  | $ | 261 |  |  | $ | 265 |
Reconciliation Of US Federal Income Tax Rates And AES Effective Tax Rate For The Current And Two Prior Years | The following table summarizes a reconciliation of the U.S. statutory federal income tax rate to the Company's effective tax rate as a percentage of income from continuing operations before taxes for the periods indicated:
December 31, | 2024 |  | 2023 |  | 2022
Statutory Federal tax rate | 21 | % |  | 21 | % |  | 21 | %
State taxes, net of Federal tax benefit | (2) | % |  | 87 | % |  | (1) | %
Taxes on foreign earnings | (10) | % |  | 14 | % |  | (42) | %
Valuation allowance | 52 | % |  | 83 | % |  | (10) | %
Uncertain tax positions | — | % |  | — | % |  | 7 | %
U.S. Investment Tax Credit | (31) | % |  | (70) | % |  | — | %
Noncontrolling interest in U.S. subsidiaries | 25 | % |  | 115 | % |  | — | %
Nondeductible goodwill impairments | — | % |  | 3 | % |  | (127) | %
U.S. capital loss | (41) | % |  | — | % |  | — | %
U.S. interest expense | (5) | % |  | — | % |  | — | %
Other—net | (2) | % |  | (2) | % |  | (5) | %
Effective tax rate | 7 | % |  | 251 | % |  | (157) | %
Schedule Of Income Tax Payable And Receivable | The following table summarizes the income taxes receivable and payable as of the periods indicated (in millions):
December 31, |  | 2024 |  | 2023
Income taxes receivable—current |  | $ | 85 |  |  | $ | 95 |
Income taxes receivable—noncurrent |  | 32 |  |  | 41 |
Total income taxes receivable |  | $ | 117 |  |  | $ | 136 |
Income taxes payable—current |  | $ | 71 |  |  | $ | 103 |
Income taxes payable—noncurrent |  | — |  |  | — |
Total income taxes payable |  | $ | 71 |  |  | $ | 103 |
Summary Of Deferred Tax Assets And Liabilities | The following table summarizes deferred tax assets and liabilities, as of the periods indicated (in millions):
December 31, |  | 2024 |  | 2023
Differences between book and tax basis of property |  | $ | (1,104) |  |  | $ | (966) |
Investment in U.S. tax partnerships |  | (785) |  |  | (578) |
Other taxable temporary differences |  | (438) |  |  | (403) |
Total deferred tax liability |  | (2,327) |  |  | (1,947) |
Operating loss carryforwards |  | 933 |  |  | 1,132 |
Capital loss carryforwards |  | 501 |  |  | 65 |
Bad debt and other book provisions |  | 91 |  |  | 92 |
Tax credit carryforwards |  | 48 |  |  | 72 |
Other deductible temporary differences |  | 542 |  |  | 409 |
Total gross deferred tax asset |  | 2,115 |  |  | 1,770 |
Less: Valuation allowance |  | (913) |  |  | (672) |
Total net deferred tax asset |  | 1,202 |  |  | 1,098 |
Net deferred tax liability |  | $ | (1,125) |  |  | $ | (849) |
Uncertain Tax Positions [Table Text Block] | The following table shows the total amount of gross accrued income taxes related to interest and penalties included in the Consolidated Balance Sheets for the periods indicated (in millions):
December 31, |  | 2024 |  | 2023
Interest related |  | $ | 2 |  |  | $ | 2 |
Penalties related |  | — |  |  | — |
The following table shows the expense/(benefit) related to interest and penalties on unrecognized tax benefits for the periods indicated (in millions):
December 31, |  | 2024 |  | 2023 |  | 2022
Total benefit for interest related to unrecognized tax benefits |  | $ | — |  |  | $ | — |  |  | $ | — |
Total expense for penalties related to unrecognized tax benefits |  | — |  |  | — |  |  | — |
Tax Years Potentially Subject To Examination And Jurisdictions | The following is a summary of tax years potentially subject to examination in the significant tax and business jurisdictions in which we operate:
Jurisdiction |  | Tax Years Subject to Examination
Argentina |  | 2018 - 2024
Brazil |  | 2018 - 2024
Chile |  | 2021 - 2024
Colombia |  | 2018 - 2024
Dominican Republic |  | 2021 - 2024
El Salvador |  | 2021 - 2024
Netherlands |  | 2018 - 2024
Panama |  | 2021 - 2024
United States (Federal) |  | 2021 - 2024
Schedule of Unrecognized Tax Benefits Roll Forward | The following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for the periods indicated (in millions):
|  | 2024 |  | 2023 |  | 2022
Balance at January 1 |  | $ | 107 |  |  | $ | 107 |  |  | $ | 122 |
Additions for current year tax positions |  | — |  |  | 1 |  |  | 4 |
Additions for tax positions of prior years |  | 2 |  |  | — |  |  | — |
Reductions for tax positions of prior years |  | — |  |  | (1) |  |  | (16) |
Settlements |  | — |  |  | — |  |  | (3) |
Lapse of statute of limitations |  | (1) |  |  | — |  |  | — |
Balance at December 31 |  | $ | 108 |  |  | $ | 107 |  |  | $ | 107 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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- Definition Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15 + Details
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