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Other Income and Expense | 12 Months Ended
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Dec. 31, 2024
Other Income and Expenses [Abstract] |
OTHER INCOME AND EXPENSE | OTHER INCOME AND EXPENSE Other income generally includes gains on insurance recoveries in excess of property damage, gains on asset sales and liability extinguishments, favorable judgments on contingencies, allowance for funds used during construction, and other income from miscellaneous transactions. Other expense generally includes losses on asset sales and dispositions, losses on legal contingencies, and losses from other miscellaneous transactions. The components are summarized as follows (in millions):
| Year Ended December 31, | 2024 |  | 2023 |  | 2022
Other Income | Gain on remeasurement of contingent consideration (1) | $ | 33 |  |  | $ | 16 |  |  | $ | 3 |
| Gain on bargain purchase (2) | 20 |  |  | — |  |  | — |
| Gain on acquisition (3) | 14 |  |  | — |  |  | — |
| Indexation adjustment of receivables (4) | 12 |  |  | — |  |  | — |
| Insurance proceeds (5) | 12 |  |  | 6 |  |  | 12 |
| AFUDC (US Utilities) | 10 |  |  | 14 |  |  | 10 |
| Contract termination | 5 |  |  | — |  |  | — |
| Gain on commencement of sales-type leases | 5 |  |  | — |  |  | — |
| Gain on sale and disposal of assets | 4 |  |  | 19 |  |  | — |
| Dividend income on investments | 4 |  |  | 6 |  |  | 3 |
| Legal settlements | — |  |  | 4 |  |  | 6 |
| Gain on remeasurement of investment (6) | — |  |  | — |  |  | 22 |
| Liquidated damages under a power sales agreement | — |  |  | — |  |  | 10 |
| Gain on remeasurement to acquisition-date fair value | — |  |  | — |  |  | 5 |
| Non-service pension income | — |  |  | — |  |  | 5 |
| Gain on acquired customer contracts | — |  |  | — |  |  | 5 |
| Other | 37 |  |  | 24 |  |  | 21 |
| Total other income | $ | 156 |  |  | $ | 89 |  |  | $ | 102 |
Other Expense | Loss on commencement of sales-type leases (7) | $ | 72 |  |  | $ | 20 |  |  | $ | 5 |
| Loss on remeasurement of contingent consideration (1) | 43 |  |  | — |  |  | — |
| Cost related to troubled debt restructuring (8) | 20 |  |  | — |  |  | — |
| Loss on sale and disposal of assets (9) | 13 |  |  | 49 |  |  | 13 |
| Non-service pension and other postretirement costs | 10 |  |  | 12 |  |  | — |
| Legal contingencies and settlements | — |  |  | 2 |  |  | 8 |
| Cost of disposition of business interests (10) | — |  |  | — |  |  | 15 |
| Other | 17 |  |  | 16 |  |  | 27 |
| Total other expense | $ | 175 |  |  | $ | 99 |  |  | $ | 68 |
_____________________________ (1)Related to certain remeasurements of contingent consideration on projects acquired at AES Clean Energy. See Note 26—Acquisitions for further information about development projects recently acquired and Note 5—Fair Value for further information about remeasurement to fair value. (2)Related to a bargain purchase gain recognized on the Madison and Birdseye acquisition. See Note 26—Acquisitions for further information. (3)For the year ended December 31, 2024, related to the acquisition of Felix, a VIE that does not meet the definition of a business. See Note 26—Acquisitions for further information. (4)Related to an indexation adjustment on receivables for regulated energy contracts impacted by the Tariff Stabilization Laws at Chile. See Note 7—Financing Receivables for further information. (5)For the year ended December 31, 2022, primarily related to insurance recoveries associated with property damage at TermoAndes. (6)For the year ended December 31, 2022, related to the remeasurement of our existing investment in 5B, accounted for using the measurement alternative. (7)Related to losses recognized at commencement of sales-type leases at AES Renewable Holdings. See Note 15—Leases for further information. (8)Related to legal expenses and other direct costs associated with the troubled debt restructuring at Puerto Rico. See Note 12—Obligations for further information. (9)For the year ended December 31, 2023, primarily related to impairments of inventory due to planned early plant closures at Ventanas 2, Norgener, and Warrior Run. (10)Cost of disposition of a business interest at AES Gilbert due to a fire incident in April 2022, including the recognition of an allowance on the sales-type lease receivable.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/720/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 610 -Publisher FASB -URI https://asc.fasb.org/610/tableOfContent + Details
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