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Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Non-recourse debt [Table Text Block] During the year ended December 31, 2024, the Company’s following subsidiaries had significant debt issuances (in millions):
Subsidiary
Issuances (1)
AES Clean Energy$3,219 
AES Indiana (2)
1,450 
AES Andes1,248 
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(1)These amounts do not include revolving credit facility activity at the Company's subsidiaries.
(2)Issuances related to both AES Indiana and its parent company, IPALCO.
Carrying Amount and Terms of Non-Recourse Debt The following table summarizes the carrying amount and terms of non-recourse debt at our subsidiaries, excluding amounts classified as held for sale, as of the periods indicated (in millions):
NON-RECOURSE DEBTWeighted Average Interest RateMaturityDecember 31,
20242023
Variable Rate:
Bank loans (1)
6.49%2025 - 2038$5,132 $5,568 
Notes and bonds8.00%2025105 1,768 
Revolver borrowings
6.25%2025 - 20283,147 2,356 
Other11.15%203016 31 
Fixed Rate:
Bank loans6.55%2025 - 20642,610 1,473 
Notes and bonds5.23%2025 - 207911,737 11,228 
Other (2)
9.38%2025 - 2061297 53 
Unamortized (discount) premium & debt issuance (costs), net(301)(333)
Subtotal $22,743 $22,144 
Less: Current maturities (3) (4)
(2,670)(3,924)
Noncurrent maturities (3) (4)
$20,073 $18,220 
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(1)    Variable rate bank loans as of December 31, 2023 includes $249 million at Dominican Republic Renewables, which was classified as held and used as of December 31, 2023, but is classified as held-for-sale as of December 31, 2024. See Note 25—Held-for-Sale and Dispositions for further information.
(2)    Other fixed rate debt includes $250 million related to preferred shares that include mandatory redemption features at Bellefield Equity Holdings and are therefore classified as a liability under ASC 480 as of December 31, 2024.
(3)    Excludes $18 million and $8 million (current) and $553 million and $262 million (noncurrent) finance lease liabilities included in the respective non-recourse debt line items on the Consolidated Balance Sheets as of December 31, 2024 and 2023, respectively. See Note 15—Leases for further information.
(4)    Includes $650 million (current) and $8.2 billion (noncurrent) of non-recourse debt related to VIEs as of December 31, 2024.
Schedule For Maturity For Non-Recourse Debt
The following table summarizes the amounts due under our non-recourse debt agreements for the next five years and thereafter, as of December 31, 2024 (in millions):
December 31,Annual Maturities
2025$2,678 
20264,858 
20273,052 
2028993 
20291,796 
Thereafter9,667 
Unamortized (discount) premium & debt issuance (costs), net(301)
Total$22,743 
Debt In Default Table
The following table summarizes the Company's subsidiary non-recourse debt in default (in millions) as of December 31, 2024. Due to the defaults, these amounts are included in the current portion of non-recourse debt:
Primary Nature
of Default		December 31, 2024
SubsidiaryDebt in Default
Net Assets (Liabilities)
AES Dominican Renewable Energy (1)
Covenant$354 $88 
AES Puerto RicoPayment158 (416)
AES Ilumina (Puerto Rico)Covenant22 30 
AES Jordan SolarCovenant6 12 
Total$540 
Schedule of Recourse Debt Detail The following table summarizes the carrying amount and terms of recourse debt as of the periods indicated (in millions):
Interest RateFinal MaturityDecember 31, 2024December 31, 2023
Senior Variable Rate Term LoanSOFR + 1.125%2024$— $200 
Senior Unsecured Note3.30%2025900 900 
Senior Unsecured Note1.375%2026800 800 
Senior Unsecured Note5.45%2028900 900 
Senior Unsecured Note3.95%2030700 700 
Senior Unsecured Note2.45%20311,000 1,000 
Junior Unsecured Note7.60%2055950 — 
Junior Unsecured Note6.95%2055500 — 
Unamortized (discount) premium & debt issuance (costs), net(46)(36)
Subtotal$5,704 $4,464 
Less: Current maturities(899)(200)
Noncurrent maturities$4,805 $4,264 
December 31,
Interest RateMaturity20242023
Senior Variable Rate Term LoanSOFR + 1.125%2024$— $200 
Senior Unsecured Note3.30%2025900 900 
Senior Unsecured Note1.375%2026800 800 
Senior Unsecured Note5.45%2028900 900 
Senior Unsecured Note3.95%2030700 700 
Senior Unsecured Note2.45%20311,000 1,000 
Junior Unsecured Note7.60%2055950 — 
Junior Unsecured Note6.95%2055500 — 
Unamortized (discounts)/premiums & debt issuance (costs)(46)(36)
Subtotal$5,704 $4,464 
Less: Current maturities(899)(200)
Noncurrent maturities
$4,805 $4,264 
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,
Annual Maturities
2025$900 
2026800 
2027— 
2028900 
2029— 
Thereafter3,150 
Unamortized (discount) premium & debt issuance (costs), net(46)
Total recourse debt$5,704 
As of December 31, 2024 scheduled maturities are presented in the following table (in millions):
December 31,Annual Maturities
2025$900 
2026800 
2027— 
2028900 
2029— 
Thereafter3,150 
Unamortized (discount)/premium & debt issuance (costs), net(46)
Total debt$5,704