v3.25.2
Condensed Consolidated Statements of Changes in Equity Statement - USD ($)
$ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Noncontrolling Interest [Member]
Preferred Stock
Treasury Stock, Common
Parent [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury Stock, Common, Shares               149,400,000  
Beginning Balance (Shares) at Dec. 31, 2023   819,100,000         1,000,000.0    
Beginning Balance at Dec. 31, 2023   $ 8 $ 6,355 $ (1,386) $ (1,514) $ 3,497 [1] $ 838 $ (1,813)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss)     0 432 0 (65) [1]      
Total foreign currency translation adjustment, net of income tax     0 0 (38) (4) [1]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax     0 0 135 27 [1]      
Accumulated Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax         3        
OTHER COMPREHENSIVE INCOME (LOSS)         100 23 [1]      
Fair Value Adjustment     (6) [2] 0 [2] 0 0 [2]      
Disposition of business interests [1]           (111)      
Distributions to noncontrolling interests     0 0 0 (13) [1]      
Contributions from noncontrolling interests     0 0 0 1 [1]      
Sales to noncontrolling interests     1 0 0 48 [1]      
Stock Issued During Period, Shares, Conversion of Units   (40,500,000)         (1,000,000.0)    
Stock Issued During Period, Value, Conversion of Units   $ (1)         $ (838)    
Conversion of Stock, Amount Issued     838            
Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings     (116)            
Issuance and exercise of stock-based compensation benefit plans (Shares)   0           (600,000)  
Issuance and exercise of stock-based compensation benefit plans, net of income tax   $ 0 (7) 0 0 0 [1]   $ (7)  
Stock Repurchased During Period, Shares               100,000  
Ending Balance (Shares) at Mar. 31, 2024   859,600,000         0    
Ending Balance at Mar. 31, 2024   $ 9 7,068 (954) (1,414) 3,380 [1] $ 0 $ (1,809)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock Issued During period     3         (3)  
Beginning Balance (Shares) at Dec. 31, 2023   819,100,000         1,000,000.0    
Beginning Balance at Dec. 31, 2023   $ 8 6,355 (1,386) (1,514) 3,497 [1] $ 838 (1,813)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) $ 431                
Total foreign currency translation adjustment, net of income tax (179)                
Total pension adjustments, net of income tax (1)                
Accumulated Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax 3                
OTHER COMPREHENSIVE INCOME (LOSS) 138                
Reclassifications of Temporary to Permanent Equity (670)                
Acquisition of subsidiary shares from noncontrolling interests     0            
Contributions from noncontrolling interests 97                
Sales to noncontrolling interests     (8)            
Issuance of Preferred Shares in Subsidiaries $ 0                
Common Stock, Dividends, Per Share, Declared $ 0.1725                
Ending Balance (Shares) at Jun. 30, 2024   859,600,000         0    
Ending Balance at Jun. 30, 2024   $ 9 7,067 (678) (1,416) 4,031 [1] $ 0 $ (1,807)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Preferred Stock, Shares Issued 1,043,050                
Preferred Stock, Value, Issued $ 838                
Treasury Stock, Common, Shares               148,900,000  
Beginning Balance (Shares) at Mar. 31, 2024   859,600,000         0    
Beginning Balance at Mar. 31, 2024   $ 9 7,068 (954) (1,414) 3,380 [1] $ 0 $ (1,809)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) 153   0 276 0 (113) [1]      
Total foreign currency translation adjustment, net of income tax (136)   0 0 (94) (41) [1]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax     0 0 92 (15) [1]      
Total pension adjustments, net of income tax (1)   0 0 0 1      
Accumulated Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax 0                
OTHER COMPREHENSIVE INCOME (LOSS) (20)       (2) (55) [1]      
Fair Value Adjustment     6 0 0 0      
Reclassifications of Temporary to Permanent Equity (670)         670 [1]      
Distributions to noncontrolling interests     0 0 0 (94) [1]      
Contributions from noncontrolling interests 51                
Sales to noncontrolling interests     (9) 0 0 192 [1]      
Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings     (7)            
Issuance and exercise of stock-based compensation benefit plans (Shares)   0           (100,000)  
Issuance and exercise of stock-based compensation benefit plans, net of income tax   $ 0 (9) 0 0 0 [1]   $ (2)  
Ending Balance (Shares) at Jun. 30, 2024   859,600,000         0    
Ending Balance at Jun. 30, 2024   $ 9 7,067 (678) (1,416) 4,031 [1] $ 0 $ (1,807)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury Stock, Common, Shares               148,800,000  
Accumulated Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax 3                
Stockholders' Equity Attributable to Parent 3,644                
Treasury Stock, Value (1,805)                
Stockholders' Equity Attributable to Parent $ 293                
Treasury Stock, Common, Shares 148,635,718             148,600,000  
Beginning Balance (Shares) at Dec. 31, 2024   859,700,000         0    
Beginning Balance at Dec. 31, 2024 $ 7,704 $ 9 5,913 293 (766) 4,060 [1] $ 0 $ (1,805)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss)     0 46 0 (149) [1]      
Total foreign currency translation adjustment, net of income tax     0 0 30 0 [1]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax     0 0 (113) (8) [1]      
Total pension adjustments, net of income tax     0 0 1 0      
OTHER COMPREHENSIVE INCOME (LOSS)         (82) (8) [1]      
Reclassifications of Temporary to Permanent Equity           38      
Distributions to noncontrolling interests     0 0 0 (57) [1]      
Contributions from noncontrolling interests     0 0 0 114 [1]      
Sales to noncontrolling interests     (15) 0 0 250 [1]      
Preferred Stock, Shares Issued     0 0 0 9      
Adjustments to Additional Paid in Capital, Dividends in Excess of Retained Earnings     0 (125) 0 0 [1]      
Issuance and exercise of stock-based compensation benefit plans, net of income tax   $ 0 (10) 0 0 0 [1]   $ (10)  
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period   0           (800,000)  
Ending Balance (Shares) at Mar. 31, 2025   859,700,000         0    
Ending Balance at Mar. 31, 2025   $ 9 5,888 214 (848) 4,257 [1] $ 0 $ (1,795)  
Beginning Balance (Shares) at Dec. 31, 2024   859,700,000         0    
Beginning Balance at Dec. 31, 2024 7,704 $ 9 5,913 293 (766) 4,060 [1] $ 0 (1,805)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (223)                
Total foreign currency translation adjustment, net of income tax 72                
Total pension adjustments, net of income tax (4)                
Accumulated Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax 0                
OTHER COMPREHENSIVE INCOME (LOSS) (87)                
Reclassifications of Temporary to Permanent Equity (56)                
Acquisition of subsidiary shares from noncontrolling interests     (26)            
Contributions from noncontrolling interests 274                
Sales to noncontrolling interests     184            
Issuance of Preferred Shares in Subsidiaries 452                
Ending Balance (Shares) at Jun. 30, 2025   859,700,000         0    
Ending Balance at Jun. 30, 2025 7,683 $ 9 6,070 (79) (836) 4,314 [1] $ 0 $ (1,795)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Treasury Stock, Common, Shares               147,800,000  
Beginning Balance (Shares) at Mar. 31, 2025   859,700,000         0    
Beginning Balance at Mar. 31, 2025   $ 9 5,888 214 (848) 4,257 [1] $ 0 $ (1,795)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income (loss) (150)   0 (95) 0 (58) [1]      
Total foreign currency translation adjustment, net of income tax 42   0 0 41 1 [1]      
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax     0 0 (15) (19) [1]      
Total pension adjustments, net of income tax 5   0 0 (5) 0 [1]      
Accumulated Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax 0                
OTHER COMPREHENSIVE INCOME (LOSS) 3       21 (18) [1]      
Fair Value Adjustment [2]     0 (10) 0 0 [1]      
Reclassifications of Temporary to Permanent Equity (18)         18 [1]      
Distributions to noncontrolling interests     0 0 0 (290) [1]      
Acquisition of subsidiary shares from noncontrolling interests     (26) 0 (17)       $ (46)
Contributions from noncontrolling interests     0 0 0 246 [1]      
Sales to noncontrolling interests     199   8 200 [1]     $ (188)
Preferred Stock, Shares Issued     0 0 0 5      
Issuance and exercise of stock-based compensation benefit plans, net of income tax   $ 0 (9) 0 0 0 [1]   $ 0  
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period   0           0  
Ending Balance (Shares) at Jun. 30, 2025   859,700,000         0    
Ending Balance at Jun. 30, 2025 7,683 $ 9 $ 6,070 $ (79) $ (836) $ 4,314 [1] $ 0 $ (1,795)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Accumulated Other Comprehensive Income (Loss), Financial Liability, Fair Value Option, after Tax 3                
Stockholders' Equity Attributable to Parent 3,369                
Treasury Stock, Value (1,795)                
Stockholders' Equity Attributable to Parent $ (79)                
Treasury Stock, Common, Shares 147,788,192             147,800,000  
[1] Excludes redeemable stock of subsidiaries. See Note 11—Redeemable Stock of Subsidiaries.
(2) Related to the reclassification of AES Clean Energy Development common stock, certain tax equity partnerships at AES Clean Energy, and the Pike County BESS tax equity partnership from Redeemable stock of subsidiaries to Noncontrolling interests. See Note 11—Redeemable Stock of Subsidiaries.
[2] Adjustment to record the redeemable stock of AES Global Insurance and a tax equity partnership at AES Clean Energy Development at redemption value.