v3.26.1
Financing Receivables
3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
FINANCING RECEIVABLES FINANCING RECEIVABLES
Receivables with contractual maturities of greater than one year are considered financing receivables. The following table presents long-term financing receivables, excluding lease receivables and amounts classified as held for sale, by country as of the dates indicated (in millions):
March 31, 2026December 31, 2025
Gross ReceivableAllowanceNet ReceivableGross ReceivableAllowanceNet Receivable
Vietnam
$748 $18 $730 $774 $19 $755 
Chile59 — 59 61 — 61 
U.S.53 21 32 51 19 32 
Other— — 
Total
$867 $39 $828 $893 $38 $855 
Vietnam — AES has recorded loan receivables of $831 million as of March 31, 2026 pertaining to our Mong Duong plant in Vietnam. During the three months ended March 31, 2026 and March 31, 2025, the Company collected $32 million and $29 million, respectively. The plant was constructed under a BOT contract and sold to the Vietnamese government, while we remain the operator for the duration of the 25-year PPA. Mong Duong was reclassified from held-for-sale to held and used as of May 31, 2025 and therefore $101 million was classified in Other current assets, and $730 million in Loan receivable on the Condensed Consolidated Balance Sheet as of March 31, 2026. See Note 14—Revenue and Note 18—Held-for-Sale and Dispositions for further information.
Chile AES Andes has recorded non-current receivables pertaining to payment deferrals granted to mining customers as part of our green blend agreements.
U.S. — AES has recorded non-current receivables pertaining to the sale of the Redondo Beach land. The anticipated collection period extends beyond March 31, 2027.