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Financing Receivables
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
FINANCING RECEIVABLES FINANCING RECEIVABLES
Receivables with contractual maturities of greater than one year are considered financing receivables. The following table presents long-term financing receivables, excluding lease receivables and amounts classified as held-for-sale, by country as of the dates indicated (in millions):
March 31, 2025December 31, 2024
Gross ReceivableAllowanceNet ReceivableGross ReceivableAllowanceNet Receivable
U.S.$49 $16 $33 $48 $15 $33 
Chile49 — 49 45 — 45 
Other8 — 8 9 — 9 
Total (1)
$106 $16 $90 $102 $15 $87 
U.S. — AES has recorded non-current receivables pertaining to the sale of the Redondo Beach land. The anticipated collection period extends beyond March 31, 2026.
Chile — AES Andes has recorded receivables pertaining to revenues recognized on regulated energy contracts that were impacted by the Stabilization Funds created by the Chilean government in October 2019, August 2022, and April 2024, in conjunction with the Tariff Stabilization Laws. Historically, the government updated the prices for these contracts every six months to reflect the contracts' indexation to exchange rates and commodities prices. The Tariff Stabilization Laws do not allow the pass-through of these contractual indexation updates to customers beyond the pricing in effect at July 1, 2019, until new lower-cost renewables contracts are incorporated to supply regulated contracts. Consequently, costs incurred in excess of the July 1, 2019 price are accumulated and borne by generators. AES Andes aimed to reduce its exposure through the sale of receivables.
Through different agreements and programs, as of March 31, 2025, AES Andes sold and collected $151 million and $217 million related to agreements executed in August 2023 and October 2024 to sell up to $227 million and $254 million of receivables pursuant to the Stabilization Funds, respectively. As of March 31, 2025, $11 million of current receivables and $5 million of noncurrent receivables were recorded in Accounts receivable and Other noncurrent assets, respectively. In April 2025, AES Andes sold and collected the remaining $11 million of receivables pursuant to the Stabilization Funds. Additionally, $43 million of payment deferrals granted to mining
customers as part of our green blend agreements were recorded as financing receivables included in Other noncurrent assets at March 31, 2025.