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Earnings Per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
Basic and diluted earnings per share are based on the weighted average number of shares of common stock and potential common stock outstanding during the period. Potential common stock, for purposes of determining
diluted earnings per share, includes the effects of dilutive RSUs, stock options, and equity units. The effect of such potential common stock is computed using the treasury stock method for RSUs and stock options, and is computed using the if-converted method for equity units.
The following table is a reconciliation of the numerator and denominator of the basic and diluted earnings per share computation for income from continuing operations for the three months ended March 31, 2025 and 2024, where income represents the numerator and weighted average shares represent the denominator.
Three Months Ended March 31,20252024
(in millions, except per share data)
Income
Shares
$ per Share
Income
Shares
$ per Share
BASIC EARNINGS PER SHARE
Income from continuing operations attributable to The AES Corporation common stockholders
$46 711 $0.07 $432 690 $0.63 
Less: Increase in redemption value of redeemable stock of subsidiaries
— — (6)(0.01)
Income (loss) available to The AES Corporation common stockholders
$46 711 $0.07 $426 690 $0.62 
EFFECT OF DILUTIVE SECURITIES
Restricted stock units
— 2 — — 2 — 
Equity units— — — — 20 (0.02)
DILUTED EARNINGS PER SHARE
$46 713 $0.07 $426 712 $0.60 
The calculation of diluted earnings per share excluded 3 million and 2 million outstanding stock awards for the three months ended March 31, 2025 and March 31, 2024, respectively, which would be anti-dilutive. These stock awards could potentially dilute basic earnings per share in the future.