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Redeemable Stocks of Subsidiaries (Tables)
 9 Months Ended
Sep. 30, 2025
Redeemable Stock of Subsidiaries [Abstract]  
Temporary Equity [Table Text Block]
The following table summarizes the Company’s redeemable stock of subsidiaries balances as of the dates indicated (in millions):
September 30, 2025December 31, 2024
IPALCO common stock$956 $835 
AES Ohio common stock
589 — 
AES Global Insurance preferred stock464 — 
Desarrollos Renovables preferred stock
74 — 
AES Clean Energy tax equity partnerships
39 65 
AES Indiana Pike County BESS tax equity partnership
— 38 
Total redeemable stock of subsidiaries$2,122 $938 
Redeemable Noncontrolling Interest
The following table is a reconciliation of changes in redeemable stock of subsidiaries for the periods indicated (in millions):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Balance at the beginning of the period$2,179 $901 $938 $1,464 
Net income (loss)(65)16 (32)(83)
Other comprehensive income (loss)(4)— (4)72 
Adjustments to redemption value of redeemable stock of subsidiaries7 — 17 — 
Reclassification of redeemable stock of subsidiaries to noncontrolling interests(51)(62)(107)(732)
Distributions to holders of redeemable stock of subsidiaries(23)(17)(64)(42)
Contributions from holders of redeemable stock of subsidiaries— — 168 71 
Sales of redeemable stock of subsidiaries2 67 689 155 
Issuance of preferred shares in subsidiaries77 — 517 — 
Balance at the end of the period$2,122 $905 $2,122 $905