Debt - Non-Recourse Debt Narrative (Details)
|
3 Months Ended |
6 Months Ended |
9 Months Ended |
|
|
|
Jun. 30, 2025
USD ($)
|
Mar. 31, 2025
USD ($)
|
Jun. 30, 2024
USD ($)
|
Jun. 30, 2025
USD ($)
|
Jun. 30, 2024
USD ($)
|
Sep. 30, 2024
USD ($)
|
Sep. 30, 2025 |
Dec. 31, 2024
USD ($)
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Proceeds From Issuance Of Nonrecourse Debt |
|
|
|
$ 2,332,000,000
|
$ 3,798,000,000
|
|
|
|
| Loss on extinguishment of debt |
$ (5,000,000)
|
|
$ (9,000,000)
|
(13,000,000)
|
$ (10,000,000)
|
|
|
|
| Restricted Net Assets |
1,100,000,000
|
|
|
1,100,000,000
|
|
|
|
|
| Restricted Cash Held for Insurance |
168,000,000
|
|
|
168,000,000
|
|
|
|
$ 155,000,000
|
| Materiality Threshold for Sub Default to Trigger Cross Default |
200,000,000
|
|
|
200,000,000
|
|
|
|
|
| Supplier Finance Program, Obligation |
621,000,000
|
|
|
621,000,000
|
|
|
|
917,000,000
|
| Supplier Finance Program, guaranteed by Sub |
177,000,000
|
|
|
177,000,000
|
|
|
|
371,000,000
|
| Accounts Payable and Accrued Liabilities |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Supplier Finance Program, Obligation |
393,000,000
|
|
|
393,000,000
|
|
|
|
616,000,000
|
| Supplier Finance Program, guaranteed by Parent |
216,000,000
|
|
|
216,000,000
|
|
|
|
245,000,000
|
| Minimum [Member] | Accounts Payable and Accrued Liabilities |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Supplier Finance Program, Obligation |
1,000,000
|
|
|
1,000,000
|
|
|
|
1,000,000
|
| Maximum [Member] | Accounts Payable and Accrued Liabilities |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Supplier Finance Program, Obligation |
$ 47,000,000
|
|
|
$ 47,000,000
|
|
|
|
$ 69,000,000
|
| Weighted Average [Member] | Accounts Payable and Accrued Liabilities |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
6.36%
|
|
|
6.36%
|
|
|
|
6.83%
|
| Consolidated Variable Interest Entities [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Restricted Cash |
$ 608,000,000
|
|
|
$ 608,000,000
|
|
|
|
|
| Restricted Cash And Debt Service Reserves |
851,000,000
|
|
|
851,000,000
|
|
|
|
|
| Restricted Cash |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Restricted Cash And Debt Service Reserves |
410,000,000
|
|
|
410,000,000
|
|
|
|
$ 79,000,000
|
| Debt service reserve |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Restricted Cash And Debt Service Reserves |
78,000,000
|
|
|
78,000,000
|
|
|
|
68,000,000
|
| Nonrecourse Debt [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Restricted Cash And Debt Service Reserves |
488,000,000
|
|
|
488,000,000
|
|
|
|
147,000,000
|
| Mong Duong held-for-sale |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Debt, Long-Term and Short-Term, Combined Amount |
$ 467,000,000
|
|
|
$ 467,000,000
|
|
|
|
|
| Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Dominican Republic Renewables |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Disposal Group Not Discontinued Operation Ownership Interest Sold |
50.00%
|
|
|
50.00%
|
|
|
|
|
| Disposal Group, Held-for-Sale or Disposed of by Sale, Not Discontinued Operations | Mong Duong Subsidiary [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Disposal Group Not Discontinued Operation Ownership Interest Sold |
51.00%
|
|
|
51.00%
|
|
|
|
|
| Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations, Spinoff | Mong Duong held-for-sale |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Long term Concession receivable |
$ 905,000,000
|
|
|
$ 905,000,000
|
|
|
|
|
| AES Mexico Generation Holdings |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Convertible Debt |
129,000,000
|
|
|
129,000,000
|
|
|
|
|
| Variable Rate [Domain] | Notes Payable to Banks |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Non-recourse debt |
1,300,000,000
|
|
|
1,300,000,000
|
|
|
|
|
| Clean Energy | Nonrecourse Debt [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Proceeds From Issuance Of Nonrecourse Debt |
|
|
|
976,000,000
|
|
|
|
|
| AES Clean Energy Subsidiary | Revolving Credit Facilities, Joint and Several |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Credit Facility, Commitments Used |
$ 2,900,000,000
|
|
|
$ 2,900,000,000
|
|
|
|
|
| AES Clean Energy and sPower (co-issuers) | Master Indenture Notes | Nonrecourse [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
6.70%
|
|
|
6.70%
|
|
|
|
|
| AES Clean Energy and sPower (co-issuers) | Nonrecourse Debt [Member] | Master Indenture Notes |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Proceeds From Issuance Of Nonrecourse Debt |
|
|
|
$ 520,000,000
|
|
|
|
|
| Increase in Nonrecourse Debt |
|
|
|
498,000,000
|
|
|
|
|
| Carrying Amount of Nonrecourse Debt |
|
|
|
1,900,000,000
|
|
|
|
|
| Nonrecourse Debt |
|
|
|
2,700,000,000
|
|
|
|
|
| AES Clean Energy Development | Revolving Credit Facilities, Joint and Several |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Line of Credit Facility, Increase (Decrease), Net |
|
|
|
(231,000,000)
|
|
|
|
|
| Credit Facility, Commitments Used |
$ 2,700,000,000
|
|
|
$ 2,700,000,000
|
|
|
|
|
| AES Clean Energy Development | Bellefield Financing Agreement due 2026 | Nonrecourse [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
4.30%
|
|
|
4.30%
|
|
|
|
|
| Credit Facility, Commitments Used |
$ 763,000,000
|
|
|
$ 763,000,000
|
|
|
|
|
| Credit facility, commitments |
|
|
|
|
|
|
|
1,700,000,000
|
| AES Clean Energy Development | Nonrecourse Debt [Member] | Bellefield Financing Agreement due 2026 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Credit facility, commitments |
1,700,000,000
|
|
|
1,700,000,000
|
|
|
|
$ 2,400,000,000
|
| AES Clean Energy and sPower (co-borrowers) | Revolving Credit Facilities, Joint and Several |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Issued senior notes |
3,600,000,000
|
|
|
3,600,000,000
|
|
|
|
|
| AES Puerto Rico | Nonrecourse Debt [Member] | PR Series A Bond due 2026 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Issued senior notes |
$ 156,000,000
|
|
|
$ 156,000,000
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
6.625%
|
|
|
6.625%
|
|
|
|
|
| Preferred Shares Conversion Option |
|
|
|
0.999
|
|
|
|
|
| AES Puerto Rico | Nonrecourse Debt [Member] | PR Senior Secured Bonds due 2028 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Issued senior notes |
$ 112,000,000
|
|
|
$ 112,000,000
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
6.625%
|
|
|
6.625%
|
|
|
|
|
| AES Puerto Rico | Nonrecourse Debt [Member] | Preferred Shares in AES Guayama Holdings |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Issued senior notes |
$ 44,000,000
|
|
|
$ 44,000,000
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
3.125%
|
|
|
3.125%
|
|
|
|
|
| AES Puerto Rico | Nonrecourse Debt [Member] | PR Bridge Loan due 2026 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Issued senior notes |
$ 23,000,000
|
|
|
$ 23,000,000
|
|
|
|
|
| Debt Instrument, Basis Spread on Variable Rate |
|
|
|
4.00%
|
|
|
|
|
| AES Indiana | Nonrecourse Debt [Member] | AES Indiana FM Bonds due 2054 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Issued senior notes |
$ 650,000,000
|
|
|
$ 650,000,000
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
5.70%
|
|
|
5.70%
|
|
|
|
|
| AES Indiana | Nonrecourse Debt [Member] | IPALCO Notes due 2034 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Issued senior notes |
$ 400,000,000
|
|
|
$ 400,000,000
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
5.75%
|
|
|
5.75%
|
|
|
|
|
| AES Indiana | Nonrecourse Debt [Member] | IPL Term Loan Due 2024 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Repayments of Debt |
|
|
|
$ 300,000,000
|
|
|
|
|
| AES Indiana | Nonrecourse Debt [Member] | AES Indiana Credit Agreement due 2027 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Repayments of Debt |
|
|
|
$ 350,000,000
|
|
|
|
|
| AES Indiana | Nonrecourse Debt [Member] | IPALCO Senior Notes due 2025 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
3.70%
|
|
|
3.70%
|
|
|
|
|
| Repayments of Debt |
|
|
|
$ 405,000,000
|
|
|
|
|
| AES Andes | Nonrecourse [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Proceeds from Issuance of Debt |
|
|
|
520,000,000
|
|
|
|
|
| AES Andes | 6.35% Senior notes due 2079 | Nonrecourse [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Loss on extinguishment of debt |
|
|
|
$ 3,000,000
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
6.35%
|
|
|
6.35%
|
|
|
|
|
| Proceeds from Issuance of Debt |
|
|
|
$ 228,000,000
|
|
|
|
|
| AES Andes | Andes Senior Notes due 2032 | Nonrecourse [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
6.25%
|
|
|
6.25%
|
|
|
|
|
| Proceeds from Issuance of Debt |
|
|
|
$ 400,000,000
|
|
|
|
|
| AES Andes | Nonrecourse Debt [Member] | Andes Senior Notes due 2029 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Proceeds From Issuance Of Nonrecourse Debt |
|
|
|
$ 500,000,000
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
6.30%
|
|
|
6.30%
|
|
|
|
|
| AES Andes | Nonrecourse Debt [Member] | Andes Senior Unsecured Notes due 2079 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Redeemed notes |
|
|
|
$ 100,000,000
|
|
|
|
|
| AES Andes | Nonrecourse Debt [Member] | Andes Senior Unsecured Notes due 2025 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Redeemed notes |
|
|
|
$ 43,000,000
|
|
|
|
|
| AES Andes | Nonrecourse Debt [Member] | Andes Junior Notes due 2055 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Proceeds From Issuance Of Nonrecourse Debt |
|
|
|
|
|
$ 530,000,000
|
|
|
| AES Andes | Nonrecourse Debt [Member] | 7.125% Senior notes due 2079 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Loss on extinguishment of debt |
|
$ (8,000,000)
|
|
|
|
|
|
|
| AES Andes | Senior Notes [Member] | 6.35% Senior notes due 2079 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
6.35%
|
|
|
6.35%
|
|
|
|
|
| AES Andes | Senior Notes [Member] | 5.00% Senior notes due 2025 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
5.00%
|
|
|
5.00%
|
|
|
|
|
| AES Andes | Senior Notes [Member] | 7.125% Senior notes due 2079 |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Debt Instrument, Interest Rate, Stated Percentage |
|
|
|
|
|
|
7.125%
|
|
| AES Puerto Rico Solar |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Loan Guarentee |
$ 861,000,000
|
|
|
$ 861,000,000
|
|
|
|
|
| Outstanding borrowings |
$ 667,000,000
|
|
|
$ 667,000,000
|
|
|
|
|
| Project ownership |
70.00%
|
|
|
70.00%
|
|
|
|
|
| AES Puerto Rico Solar | Nonrecourse [Member] |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Proceeds from Issuance of Debt |
|
|
|
$ 669,000,000
|
|
|
|
|
| Dominican Republic Renewables |
|
|
|
|
|
|
|
|
| Debt Instrument [Line Items] |
|
|
|
|
|
|
|
|
| Discontinued Operation, Equity Method Investment Retained after Disposal, Ownership Interest before Disposal |
33.00%
|
|
|
|
|
|
|
|