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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Total Revenue $ 2,625 $ 2,837 $ 7,758 $ 8,114
Cost of Goods and Services Sold (1,924) (2,166) (5,969) (6,187)
Operating margin 701 671 1,789 1,927
General and administrative expenses (41) (43) (136) (134)
Interest expense (250) (255) (788) (799)
Interest income 81 79 242 231
Loss on extinguishment of debt (65) (11) (126) (187)
Other expense (9) (29) (35) (42)
Other income 78 10 126 30
Gain (loss) on disposal and sale of business interests 16 (21) 9 856
Asset impairment expense 0 (74) (116) (166)
Foreign currency transaction gains (losses) (87) 5 (69) (44)
INCOME FROM CONTINUING OPERATIONS BEFORE TAXES AND EQUITY IN EARNINGS OF AFFILIATES 424 332 896 1,672
Income tax expense (130) (146) (302) (509)
Net equity in earnings of affiliates 4 6 3 31
INCOME FROM CONTINUING OPERATIONS 298 192 597 1,194
Loss from operations of discontinued businesses, net of income tax expense of $0, $0, $0, and $2, respectively 0 (4) 0 (9)
Gain from disposal of discontinued businesses, net of income tax expense of $0, $2, $0, and $44, respectively 0 3 1 199
NET INCOME 298 191 598 1,384
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Noncontrolling Interest (88) (90) (217) (311)
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION 210 101 381 1,075
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest 0 0 0 2
AMOUNTS ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS:        
Income from continuing operations, net of tax 210 102 380 883
Income (loss) from discontinued operations, net of tax 0 (1) 1 192
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION $ 210 $ 101 $ 381 $ 1,075
BASIC EARNINGS PER SHARE:        
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax $ 0.32 $ 0.15 $ 0.57 $ 1.33
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax 0 0 0 0.29
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS 0.32 0.15 0.57 1.62
DILUTED EARNINGS PER SHARE:        
Income from continuing operations attributable to The AES Corporation common stockholders, net of tax 0.32 0.15 0.57 1.33
Income from discontinued operations attributable to The AES Corporation common stockholders, net of tax $ 0 $ 0 $ 0 $ 0.29
DILUTED SHARES OUTSTANDING 667 665 667 664
NET INCOME ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS $ 0.32 $ 0.15 $ 0.57 $ 1.62
Electric Transmission [Member]        
Total Revenue $ 799 $ 777 $ 2,308 $ 2,215
Cost of Goods and Services Sold (633) (638) (1,873) (1,856)
Electricity, Generation [Member]        
Total Revenue 1,826 2,060 5,450 5,899
Cost of Goods and Services Sold $ (1,291) $ (1,528) $ (4,096) $ (4,331)