2012 Q4 Form 10-K Financial Statement

#000119312513077580 Filed on February 27, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 2011 Q4
Revenue $4.373B $17.16B $4.183B
YoY Change 4.54% 6.62% -0.21%
Cost Of Revenue $3.494B $13.58B
YoY Change 12.63%
Gross Profit $882.0M $3.583B $1.079B
YoY Change -18.26% -11.31% 7.04%
Gross Profit Margin 20.17% 20.88% 25.79%
Selling, General & Admin $49.00M $274.0M
YoY Change -20.81%
% of Gross Profit 5.56% 7.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $356.0M $1.173B $315.0M
YoY Change 13.02% -0.26% 4.3%
% of Gross Profit 40.36% 32.74% 29.19%
Operating Expenses $16.00M $215.0M
YoY Change -31.75%
Operating Profit $866.0M $3.368B
YoY Change -9.58%
Interest Expense -$332.0M $1.544B
YoY Change 0.92%
% of Operating Profit -38.34% 45.84%
Other Income/Expense, Net $0.00 $82.00M
YoY Change -4.65%
Pretax Income $538.0M -$1.921B
YoY Change 266.6%
Income Tax $171.0M $685.0M
% Of Pretax Income 31.78%
Net Earnings $175.0M -$912.0M -$209.0M
YoY Change -183.73% -1672.41% -52.06%
Net Earnings / Revenue 4.0% -5.31% -5.0%
Basic Earnings Per Share $0.23 -$1.21 -$0.27
Diluted Earnings Per Share $0.23 -$1.21 -$0.27
COMMON SHARES
Basic Shares Outstanding 744.0M shares 755.0M shares 767.5M shares
Diluted Shares Outstanding 755.0M shares

Balance Sheet

Concept 2012 Q4 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.596B $2.593B $2.980B
YoY Change -12.89% -15.01% -27.67%
Cash & Equivalents $1.900B $1.900B $1.624B
Short-Term Investments $696.0M $693.0M $1.356B
Other Short-Term Assets $1.072B $2.614B $1.560B
YoY Change -31.28% -9.27% 52.34%
Inventory $719.0M $719.0M $775.0M
Prepaid Expenses $222.0M $157.0M
Receivables $2.539B $2.539B $2.522B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $8.465B $8.465B $9.229B
YoY Change -8.28% -8.28% -2.3%
LONG-TERM ASSETS
Property, Plant & Equipment $24.64B $24.64B $25.00B
YoY Change -1.46% -1.46% 9.69%
Goodwill $1.999B $3.820B
YoY Change -47.67% 200.55%
Intangibles $324.0M $545.0M
YoY Change -40.55% 21.65%
Long-Term Investments $1.196B $1.196B $1.422B
YoY Change -15.89% -15.89% 7.73%
Other Assets $2.188B $5.211B $2.346B
YoY Change -6.73% -2.21% 22.51%
Total Long-Term Assets $33.37B $33.37B $36.12B
YoY Change -7.62% -7.62% 16.26%
TOTAL ASSETS
Total Short-Term Assets $8.465B $8.465B $9.229B
Total Long-Term Assets $33.37B $33.37B $36.12B
Total Assets $41.83B $41.83B $45.35B
YoY Change -7.75% -7.75% 11.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.545B $2.545B $2.008B
YoY Change 26.74% 26.74% 1.01%
Accrued Expenses $2.347B $2.456B $3.389B
YoY Change -30.75% -33.91% 38.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.505B $2.505B $2.428B
YoY Change 3.17% 3.17% -18.96%
Total Short-Term Liabilities $8.319B $8.319B $8.438B
YoY Change -1.41% -1.41% 4.62%
LONG-TERM LIABILITIES
Long-Term Debt $18.22B $18.22B $19.59B
YoY Change -7.02% -7.02% 24.06%
Other Long-Term Liabilities $3.523B $6.524B $3.111B
YoY Change 13.24% 5.43% 22.87%
Total Long-Term Liabilities $25.92B $24.74B $27.10B
YoY Change -4.36% -4.03% 23.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.319B $8.319B $8.438B
Total Long-Term Liabilities $25.92B $24.74B $27.10B
Total Liabilities $34.24B $37.26B $35.54B
YoY Change -3.66% -5.43% 18.31%
SHAREHOLDERS EQUITY
Retained Earnings -$264.0M $678.0M
YoY Change -138.94% 9.35%
Common Stock $8.000M $8.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $780.0M $489.0M
YoY Change 59.51% 126.39%
Treasury Stock Shares 66.42M shares 42.39M shares
Shareholders Equity $4.569B $4.569B $5.946B
YoY Change
Total Liabilities & Shareholders Equity $41.83B $41.83B $45.35B
YoY Change -7.75% -7.75% 11.94%

Cashflow Statement

Concept 2012 Q4 2012 2011 Q4
OPERATING ACTIVITIES
Net Income $175.0M -$912.0M -$209.0M
YoY Change -183.73% -1672.41% -52.06%
Depreciation, Depletion And Amortization $356.0M $1.173B $315.0M
YoY Change 13.02% -0.26% 4.3%
Cash From Operating Activities $764.0M $2.901B $491.0M
YoY Change 55.6% 0.59% -54.66%
INVESTING ACTIVITIES
Capital Expenditures -$527.0M $2.108B -$598.0M
YoY Change -11.87% -13.25% -23.53%
Acquisitions
YoY Change
Other Investing Activities $308.0M $0.00 -$2.574B
YoY Change -111.97% -100.0% -2992.13%
Cash From Investing Activities -$219.0M -$895.0M -$3.172B
YoY Change -93.1% -81.76% 357.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $301.0M
YoY Change 7.89%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -524.0M -$1.867B 1.065B
YoY Change -149.2% -232.22% -246.29%
NET CHANGE
Cash From Operating Activities 764.0M $2.901B 491.0M
Cash From Investing Activities -219.0M -$895.0M -3.172B
Cash From Financing Activities -524.0M -$1.867B 1.065B
Net Change In Cash 21.00M $139.0M -1.616B
YoY Change -101.3% -122.79% 378.11%
FREE CASH FLOW
Cash From Operating Activities $764.0M $2.901B $491.0M
Capital Expenditures -$527.0M $2.108B -$598.0M
Free Cash Flow $1.291B $793.0M $1.089B
YoY Change 18.55% 74.67% -41.61%

Facts In Submission

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CY2012 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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0 USD
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
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CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment Realized Upon Sale Or Liquidation Net Of Tax
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CY2011 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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781000000 USD
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CY2011 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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CY2011 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2011 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2011 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2011 us-gaap Comprehensive Income Net Of Tax
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CY2010 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2010 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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CY2010 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2010 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2010 us-gaap Comprehensive Income Net Of Tax
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CY2010 us-gaap Other Comprehensive Income Loss Net Of Tax
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437000000 USD
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
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CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
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0 USD
CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Tax
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CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Tax
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0 USD
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0 USD
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OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
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CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
108000000 USD
CY2011 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
117000000 USD
CY2010 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
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CY2010 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
56000000 USD
CY2010 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Reclassification Adjustment Realized Upon Sale Or Liquidation Tax
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0 USD
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CY2012 us-gaap Use Of Estimates
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<p style='margin-top:6pt; margin-bottom:6pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:27.35px;">USE OF ESTIMATES</font><font style="font-family:Times New Roman;font-size:10pt;">&#8212;The preparation of these consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;) requires the Company to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements, as well as the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Items subject to such estimates and assumptions include: the carrying amount and estimated useful lives of long-lived assets; impairment of goodwill, long-lived assets and equity method investments; valuation allowances for receivables and deferred tax assets; the recoverability of deferred regulatory assets; the estimation of deferred regulatory liabilities; the fair value of financial instruments; the fair value of assets and liabilities acquired in a business combination accounted for under the purchase method; the determination of noncontrolling interest using the hypothetical liquidation at book value (&#8220;HLBV&#8221;) method for certain wind generation partnerships; pension liabilities; environmental liabilities; and potential litigation claims and settlements. </font></p>
CY2012 us-gaap Guarantees Indemnifications And Warranties Policies
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<p style='margin-top:6pt; margin-bottom:6pt'><font style="font-family:Times New Roman;font-size:10pt;font-weight:bold;margin-left:27.35px;">GUARANTOR ACCOUNTING</font><font style="font-family:Times New Roman;font-size:10pt;">&#8212;</font><font style="font-family:Times New Roman;font-size:10pt;">A</font><font style="font-family:Times New Roman;font-size:10pt;">t the inception of a guarantee, the Company records the fair value of a guarantee as a liability, with the offset dependent on the circumstances under which the guarantee was issued. </font><font style="font-family:Times New Roman;font-size:10pt;">The Company does not recognize guarantees given to third parties for its subsidiaries' performance.</font></p><p style='margin-top:6pt; margin-bottom:6pt'>&#160;</p>
CY2012Q4 us-gaap Transfers Accounted For As Secured Borrowings Assets Carrying Amount
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0 USD
CY2011Q4 aes Property Plant And Equipment Electric Generation Distribution Assets And Other Net Related To Discontinued Operations
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1200000000 USD
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CY2011 us-gaap Depreciation
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CY2011 us-gaap Capitalized Computer Software Amortization
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CY2012 us-gaap Capitalized Computer Software Amortization
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CY2012Q4 aes Property Plant And Equipment Net Of Accumulated Depreciation Mortgaged Pledged Or Subject To Liens
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156000000 USD
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15200000000 USD
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CY2011Q4 us-gaap Asset Retirement Obligation
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CY2012 us-gaap Asset Retirement Obligation Liabilities Incurred
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CY2012 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
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CY2012 us-gaap Asset Retirement Obligation Revision Of Estimate
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CY2012Q4 us-gaap Asset Retirement Obligation
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CY2012 us-gaap Asset Retirement Obligation Foreign Currency Translation
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CY2012Q4 aes Asset Retirement Obligation Liabilities Assumed In Business Combination
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CY2011Q4 aes Asset Retirement Obligation Liabilities Assumed In Business Combination
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CY2012 us-gaap Asset Retirement Obligation Liabilities Settled
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CY2011 us-gaap Asset Retirement Obligation Liabilities Settled
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CY2012Q4 aes Generation Capacity Mega Watts1
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CY2011Q4 aes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets Liabilities Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsLiabilitiesValue
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CY2012 aes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets Liabilities Gain Loss Included In Other Comprehensive Income
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CY2012 aes Fair Value Measurments With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities
FairValueMeasurmentsWithUnobservableInputsReconciliationRecurringBasisRegulatoryAssetsLiabilities
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CY2012 aes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Derivative Assets Liabilities Settlements
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CY2012 aes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets Liabilities Transfers In
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsLiabilitiesTransfersIn
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CY2012Q4 aes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets Liabilities Value
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CY2012Q4 us-gaap Available For Sale Securities Fair Value Disclosure
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CY2012Q4 us-gaap Assets Fair Value Disclosure
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CY2012Q4 us-gaap Liabilities Fair Value Disclosure
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CY2011Q4 us-gaap Derivative Financial Instruments Liabilities Fair Value Disclosure
DerivativeFinancialInstrumentsLiabilitiesFairValueDisclosure
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CY2011Q4 us-gaap Available For Sale Securities Fair Value Disclosure
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CY2011Q4 us-gaap Trading Securities Fair Value Disclosure
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CY2011Q4 aes Derivative Assets Fair Value Disclosure
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CY2011Q4 us-gaap Liabilities Fair Value Disclosure
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CY2011Q4 us-gaap Assets Fair Value Disclosure
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CY2012Q4 aes Fair Value Percent Threshold For Significant Assumption
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CY2012 aes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets Liabilities Transfers Out
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsLiabilitiesTransfersOut
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CY2012 aes Fair Value Derivative Assets Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss Included In Other Income
FairValueDerivativeAssetsLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLossIncludedInOtherIncome
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CY2010Q4 aes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets Liabilities Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsLiabilitiesValue
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CY2011 aes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets Liabilities Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsLiabilitiesGainLossIncludedInEarnings
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CY2011 aes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets Liabilities Gain Loss Included In Other Comprehensive Income
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CY2011 aes Fair Value Measurments With Unobservable Inputs Reconciliation Recurring Basis Regulatory Assets Liabilities
FairValueMeasurmentsWithUnobservableInputsReconciliationRecurringBasisRegulatoryAssetsLiabilities
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CY2011 aes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Derivative Assets Liabilities Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisDerivativeAssetsLiabilitiesSettlements
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CY2011 aes Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Assets Liabilities Transfers In
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsLiabilitiesTransfersIn
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FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetsLiabilitiesTransfersOut
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CY2012Q4 us-gaap Assets Fair Value Disclosure Nonrecurring
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CY2012Q4 aes Available For Sale Securities Common Stock Amortized Cost
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CY2011Q4 aes Available For Sale Mutual Funds
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CY2011Q4 aes Available For Sale Other Debt Securities
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CY2011Q4 us-gaap Available For Sale Securities
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CY2011Q4 aes Available For Sale Unsecured Debentures
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CY2011Q4 aes Available For Sale Certificates Of Deposit
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CY2011Q4 aes Available For Sale Government Debt Securities
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CY2012Q4 aes Available For Sale Mutual Funds
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CY2012Q4 us-gaap Available For Sale Securities
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CY2012Q4 aes Available For Sale Certificates Of Deposit
AvailableForSaleCertificatesOfDeposit
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CY2012Q4 aes Available For Sale Unsecured Debentures
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CY2012Q4 aes Trading Securities Mutual Funds
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CY2012Q4 aes Available For Sale Government Debt Securities
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CY2012Q4 aes Available For Sale Other Debt Securities
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CY2012Q4 aes Available For Sale Common Stock
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0 USD
CY2012Q4 us-gaap Held To Maturity Securities
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CY2011Q4 us-gaap Held To Maturity Securities
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CY2012Q4 us-gaap Marketable Securities
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CY2011Q4 us-gaap Marketable Securities
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CY2011Q4 aes Available For Sale Securities Common Stock Amortized Cost
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CY2012Q4 aes Available For Sale And Trading Securities Total
AvailableForSaleAndTradingSecuritiesTotal
693000000 USD
CY2011Q4 aes Available For Sale And Trading Securities Total
AvailableForSaleAndTradingSecuritiesTotal
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CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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CY2011 us-gaap Proceeds From Sale Of Available For Sale Securities
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2000000 USD
CY2010 us-gaap Proceeds From Sale Of Available For Sale Securities
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5852000000 USD
CY2012 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
6489000000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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1000000 USD
CY2012 us-gaap Available For Sale Securities Gross Realized Gains
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2000000 USD
CY2011 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
3000000 USD
CY2010 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
2000000 USD
CY2012 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-1000000 USD
CY2011 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
1000000 USD
CY2010 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
0 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
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CY2011 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
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0 USD
CY2010 us-gaap Other Comprehensive Income Loss Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
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0 USD
CY2012Q4 us-gaap Derivative Assets
DerivativeAssets
100000000 USD
CY2012Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
657000000 USD
CY2011Q4 us-gaap Derivative Assets
DerivativeAssets
120000000 USD
CY2011Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
690000000 USD
CY2012Q4 us-gaap Derivative Assets Current
DerivativeAssetsCurrent
14000000 USD
CY2012Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
186000000 USD
CY2012Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
471000000 USD
CY2012Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
86000000 USD
CY2011Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
153000000 USD
CY2011Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
537000000 USD
CY2011Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
71000000 USD
CY2011Q4 us-gaap Derivative Assets Current
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49000000 USD
CY2012 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
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-169000000 USD
CY2012 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-233000000 USD
CY2011 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-487000000 USD
CY2011 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-159000000 USD
CY2010 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-298000000 USD
CY2010 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-203000000 USD
CY2012 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
-4000000 USD
CY2011 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
-12000000 USD
CY2010 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
-10000000 USD
CY2012 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-149000000 USD
CY2011 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-20000000 USD
CY2010 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-12000000 USD
CY2012Q4 us-gaap Notes Receivable Net
NotesReceivableNet
239000000 USD
CY2011Q4 us-gaap Notes Receivable Net
NotesReceivableNet
295000000 USD
CY2012Q4 aes Undistributed Earnings Of Minority Owned Affiliates Included In Retained Earnings
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150000000 USD
CY2010 aes Distributions Received From Minority Owned Affiliates
DistributionsReceivedFromMinorityOwnedAffiliates
49000000 USD
CY2012Q4 aes Basis Difference Between Carrying Amount And Investment
BasisDifferenceBetweenCarryingAmountAndInvestment
37000000 USD
CY2012 aes Distributions Received From Minority Owned Affiliates
DistributionsReceivedFromMinorityOwnedAffiliates
22000000 USD
CY2011 aes Distributions Received From Minority Owned Affiliates
DistributionsReceivedFromMinorityOwnedAffiliates
36000000 USD
CY2010Q4 us-gaap Goodwill Gross
GoodwillGross
1414000000 USD
CY2010Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
-143000000 USD
CY2010Q4 us-gaap Goodwill
Goodwill
1271000000 USD
CY2011 aes Goodwill Translation Adjustments And Other
GoodwillTranslationAdjustmentsAndOther
-10000000 USD
CY2011Q4 us-gaap Goodwill Gross
GoodwillGross
3980000000 USD
CY2011Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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CY2012 us-gaap Goodwill Acquired During Period
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0 USD
CY2012 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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0 USD
CY2012 aes Goodwill Translation Adjustments And Other
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CY2012Q4 us-gaap Goodwill Gross
GoodwillGross
3959000000 USD
CY2012Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
-1960000000 USD
CY2011 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
2576000000 USD
CY2012Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
81000000 USD
CY2011Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
64000000 USD
CY2012Q4 aes Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
705000000 USD
CY2011Q4 aes Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
709000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
624000000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
645000000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
481000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
348000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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32000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
24000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
25000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
17000000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
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16000000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
119000000 USD
CY2011 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
36000000 USD
CY2010 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14000000 USD
CY2012Q4 us-gaap Regulatory Assets Current
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CY2011Q4 us-gaap Regulatory Assets Current
RegulatoryAssetsCurrent
391000000 USD
CY2012Q4 us-gaap Regulatory Assets Noncurrent
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871000000 USD
CY2012Q4 aes Term Convertible Preferred Securities Common Stock Conversion Ratio
TermConvertiblePreferredSecuritiesCommonStockConversionRatio
1.4216 pure
CY2011Q4 us-gaap Regulatory Assets Noncurrent
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847000000 USD
CY2012Q4 aes Term Convertible Preferred Securities Dividend Rate
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0.0675 pure
CY2012Q4 aes Term Convertible Preferred Securities Number Of Quarters Dividends May Be Deferred
TermConvertiblePreferredSecuritiesNumberOfQuartersDividendsMayBeDeferred
20 integer
CY2012Q4 aes Current Redemption Value Of Term Convertible Preferred Securities Issued By Special Purpose Business Trust
CurrentRedemptionValueOfTermConvertiblePreferredSecuritiesIssuedBySpecialPurposeBusinessTrust
50
CY2012Q4 aes Term Convertible Preferred Securities Common Stock Conversion Price Per Share
TermConvertiblePreferredSecuritiesCommonStockConversionPricePerShare
35.17
CY2012Q4 aes Term Convertible Preferred Securities Issued By Special Purpose Business Trust
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10350000 integer
CY2012Q4 us-gaap Regulatory Assets
RegulatoryAssets
1279000000 USD
CY2011Q4 us-gaap Regulatory Assets
RegulatoryAssets
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CY2012Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
388000000 USD
CY2011Q4 us-gaap Regulatory Liability Current
RegulatoryLiabilityCurrent
733000000 USD
CY2012Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
1702000000 USD
CY2011Q4 us-gaap Regulatory Liability Noncurrent
RegulatoryLiabilityNoncurrent
1279000000 USD
CY2012Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
2090000000 USD
CY2011Q4 us-gaap Regulatory Liabilities
RegulatoryLiabilities
2012000000 USD
CY2012Q4 aes Brazil Tariff Recoveries Number Of Installments
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24 integer
CY2012Q4 aes Non Recourse Debt Total
NonRecourseDebtTotal
15411000000 USD
CY2011Q4 aes Non Recourse Debt Total
NonRecourseDebtTotal
15535000000 USD
CY2012Q4 aes Interest Rate Derivatives Range Of Expiration Dates
InterestRateDerivativesRangeOfExpirationDates
These agreements expire at various dates from 2013 through 2030.
CY2012Q4 aes Debt Default Amount
DebtDefaultAmount
1400000000 USD
CY2012Q4 aes Recourse Debt Total
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5962000000 USD
CY2011Q4 aes Recourse Debt Total
RecourseDebtTotal
6485000000 USD
CY2012 us-gaap Debt Instrument Restrictive Covenants
DebtInstrumentRestrictiveCovenants
Recourse Debt Covenants and Guarantees Certain of the Company&#8217;s obligations under the senior secured credit facility are guaranteed by its direct subsidiaries through which the Company owns its interests in the AES Shady Point, AES Hawaii, and AES Warrior Run. The Company&#8217;s obligations under the senior secured credit facility are, subject to certain exceptions, secured by: (i) &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;all of the capital stock of domestic subsidiaries owned directly by the Company and 65% of the capital stock of certain foreign subsidiaries owned directly or indirectly by the Company; and (ii) &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;certain intercompany receivables, certain intercompany notes and certain intercompany tax sharing agreements. The senior secured credit facility is subject to mandatory prepayment under certain circumstances, including the sale of a guarantor subsidiary. In such a situation, the net cash proceeds from the sale of a Guarantor or any of its subsidiaries must be applied pro rata to repay the term loan using 60% of net cash proceeds, reduced to 50% when and if the parent&#8217;s recourse debt to cash flow ratio is less than&#160;5:1. The lenders have the option to waive their pro rata redemption. The senior secured credit facility contains customary covenants and restrictions on the Company&#8217;s ability to engage in certain activities, including, but not limited to, limitations on other indebtedness, liens, investments and guarantees; limitations on restricted payments such as shareholder dividends and equity repurchases; restrictions on mergers and acquisitions, sales of assets, leases, transactions with affiliates and off-balance sheet or derivative arrangements; and other financial reporting requirements. The senior secured credit facility also contains financial covenants requiring the Company to maintain certain financial ratios including a cash flow to interest coverage ratio, calculated quarterly, which provides that a minimum ratio of the Company&#8217;s adjusted operating cash flow to the Company&#8217;s interest charges related to recourse debt of 1.3&#215; must be maintained at all times and a recourse debt to cash flow ratio, calculated quarterly, which provides that the ratio of the Company&#8217;s total recourse debt to the Company&#8217;s adjusted operating cash flow must not exceed a maximum of 7.5&#215; at December 31, 2012. &#160; The terms of the Company&#8217;s senior unsecured&#160;notes and senior secured credit facility contain certain covenants including, without limitation, limitation on the Company&#8217;s ability to incur liens or enter into sale and leaseback transactions.
CY2011Q4 aes Restricted Cash And Debt Service Reserves
RestrictedCashAndDebtServiceReserves
594000000 USD
CY2012 aes Term Convertible Preferred Securities Issued By Special Purpose Business Trust Total Proceeds
TermConvertiblePreferredSecuritiesIssuedBySpecialPurposeBusinessTrustTotalProceeds
517000000 USD
CY2012Q4 aes Junior Subordinated Convertible Debentures Purchased With Proceeds Fromissuance Of Term Convertible Preferred Securities
JuniorSubordinatedConvertibleDebenturesPurchasedWithProceedsFromissuanceOfTermConvertiblePreferredSecurities
517000000 USD
CY2012Q4 aes Term Convertible Preferred Securities Issued By Special Purpose Business Trust Par Per Share
TermConvertiblePreferredSecuritiesIssuedBySpecialPurposeBusinessTrustParPerShare
3.375
CY2011Q4 aes Non Recourse Debt Held For Sale Or Discontinued Operations
NonRecourseDebtHeldForSaleOrDiscontinuedOperations
1300000000 USD
CY2012Q4 us-gaap Notional Amount Of Interest Rate Derivatives
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3600000000 USD
CY2012Q4 aes Interest Rate Swaps Range Of Interest Rates Fixed Minimum
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0.0433 pure
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
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CY2012Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
79000000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
763000000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
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CY2012Q4 aes Interest Rate Swaps Range Of Interest Rates Fixed Maximum
InterestRateSwapsRangeOfInterestRatesFixedMaximum
0.0870 pure
CY2012Q4 aes Interest Rate Options Range Of Interest Rates Fixed Minimum
InterestRateOptionsRangeOfInterestRatesFixedMinimum
0.0653 pure
CY2012Q4 aes Interest Rate Options Range Of Interest Rates Fixed Maximum
InterestRateOptionsRangeOfInterestRatesFixedMaximum
0.0875 pure
CY2012Q4 aes Construction Line Of Credit Facility Remaining Borrowing Capacity
ConstructionLineOfCreditFacilityRemainingBorrowingCapacity
1200000000 USD
CY2012Q4 aes Other Line Of Credit Facility Remaining Borrowing Capacity
OtherLineOfCreditFacilityRemainingBorrowingCapacity
1600000000 USD
CY2012Q4 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.1353 pure
CY2012Q4 aes Restricted Cash And Debt Service Reserves
RestrictedCashAndDebtServiceReserves
612000000 USD
CY2012Q4 aes Restricted Net Assets
RestrictedNetAssets
1700000000 USD
CY2012Q4 aes Maximum Shares Parent Common Stock Issuable Upon Conversion
MaximumSharesParentCommonStockIssuableUponConversion
14700000 shares
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
53000000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
51000000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
48000000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
47000000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
47000000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
517000000 USD
CY2012 aes Operating Lease And Rental Expense
OperatingLeaseAndRentalExpense
58000000 USD
CY2011 aes Operating Lease And Rental Expense
OperatingLeaseAndRentalExpense
63000000 USD
CY2010 aes Operating Lease And Rental Expense
OperatingLeaseAndRentalExpense
56000000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
12000000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
11000000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
11000000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
11000000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
160000000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
217000000 USD
CY2012Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
94000000 USD
CY2011Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
95000000 USD
CY2012 us-gaap Guarantee Obligations Term
GuaranteeObligationsTerm
The expiration dates of these guarantees vary from less than one year to more than 14&#160;years.
CY2012Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
14000000 USD
CY2012Q4 us-gaap Loss Contingency Range Of Possible Loss Maximum
LossContingencyRangeOfPossibleLossMaximum
1600000000 USD
CY2012Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
321000000 USD
CY2011Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
363000000 USD
CY2012Q4 us-gaap Loss Contingency Range Of Possible Loss Minimum
LossContingencyRangeOfPossibleLossMinimum
881000000 USD
CY2012 aes Defined Contribution Plan Contributions
DefinedContributionPlanContributions
21000000 USD
CY2011 aes Defined Contribution Plan Contributions
DefinedContributionPlanContributions
22000000 USD
CY2010 aes Defined Contribution Plan Contributions
DefinedContributionPlanContributions
22000000 USD
CY2012Q4 aes Defined Benefit Plan Number Of Plans Disclosure
DefinedBenefitPlanNumberOfPlansDisclosure
31 integer
CY2012 aes Defined Benefit Plan Effect Of One Percent Increase In Discount Rate On Pension Expense
DefinedBenefitPlanEffectOfOnePercentIncreaseInDiscountRateOnPensionExpense
-48000000 USD
CY2012 aes Defined Benefit Plan Effect Of One Percent Decrease In Discount Rate On Pension Expense
DefinedBenefitPlanEffectOfOnePercentDecreaseInDiscountRateOnPensionExpense
38000000 USD
CY2012 aes Defined Benefit Plan Effect Of One Percent Increase In Rate Of Return On Pension Expense
DefinedBenefitPlanEffectOfOnePercentIncreaseInRateOfReturnOnPensionExpense
-47000000 USD
CY2012 aes Defined Benefit Plan Effect Of One Percent Decrease In Rate Of Return On Pension Expense
DefinedBenefitPlanEffectOfOnePercentDecreaseInRateOfReturnOnPensionExpense
47000000 USD
CY2012 aes Income From Continuing Operations Before Taxes Attributable To Noncontrolling Interests
IncomeFromContinuingOperationsBeforeTaxesAttributableToNoncontrollingInterests
817000000 USD
CY2012 aes Pre Tax Contribution
PreTaxContribution
-469000000 USD
CY2012 aes Unrealized Foreign Currency Gains Losses
UnrealizedForeignCurrencyGainsLosses
18000000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
2057000000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
481000000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
382000000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
257000000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
534000000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
1967000000 USD
CY2011 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 USD
CY2011 aes Net Gain On Sale From Stock Issuance
NetGainOnSaleFromStockIssuance
19000000 USD
CY2011 aes Net Transfers To From Noncontrolling Interests
NetTransfersToFromNoncontrollingInterests
19000000 USD
CY2012 us-gaap Factors Used To Identify Entitys Reportable Segments
FactorsUsedToIdentifyEntitysReportableSegments
17. SEGMENT AND GEOGRAPHIC INFORMATION During the fourth quarter of 2012, the Company completed the restructuring of its operational management and reporting process. The segment reporting structure uses the Company&#8217;s management reporting structure as its foundation to reflect how the Company manages the business internally with further aggregation by geographic regions to provide better socio-political-economic understanding of our business. The management reporting structure is organized along six strategic business units (&#8220;SBUs&#8221;) &#8211; led by our Chief Operating Officer (&#8220;COO&#8221;), who in turn reports to our Chief Executive Officer (&#8220;CEO&#8221;). Upon the application of the accounting guidance for segment reporting, the Company has identified eight reportable segments based on the six strategic business units. All prior period results have been retrospectively revised to reflect the new segment reporting structure which includes: US &#8211; Generation; US &#8211; Utilities; Andes &#8211; Generation; Brazil &#8211; Generation; Brazil &#8211; Utilities; MCAC &#8211; Generation; EMEA &#8211; Generation; Asia &#8211; Generation Corporate and Other&#8212; The Company&#8217;s EMEA and MCAC Utilities operating segments are reported within &#8220;Corporate and Other&#8221; because they do not meet the criteria to allow for aggregation with another operating segment or the quantitative thresholds that would require separate disclosure under the segment reporting accounting guidance. None of these operating segments are currently material to our presentation of reportable segments, individually or in the aggregate. AES Solar and certain other unconsolidated businesses are accounted for using the equity method of accounting; therefore, their operating results are included in &#8220;Net Equity in Earnings of Affiliates&#8221; on the face of the Consolidated Statements of Operations, not in revenue or adjusted PTC. &#8220;Corporate and Other&#8221; also includes corporate overhead costs which are not directly associated with the operations of our eight reportable segments and other intercompany charges such as self-insurance premiums which are fully eliminated in consolidation. During the fourth quarter 2012, the Company changed its primary segment performance measure from adjusted gross margin to adjusted pre-tax contribution (&#8220;Adjusted PTC&#8221;).&#160; &#160;Adjusted PTC, a non-GAAP measure, is defined by the Company as pre-tax income from continuing operations attributable to AES excluding unrealized gains or losses related to derivative transactions, unrealized foreign currency gains or losses, significant gains or losses due to dispositions and acquisitions of business interests, significant losses due to impairments and costs due to the early retirement of debt. The Company has concluded that Adjusted PTC best reflects the underlying business performance of the Company and is the most relevant measure considered in the Company&#8217;s internal evaluation of the financial performance of its segments.&#160; Additionally, given its large number of businesses and complexity, the Company has also concluded that Adjusted PTC is a more transparent measure that better assists the investor in determining which businesses have the greatest impact on the overall Company results. &#160; Total revenue includes inter-segment revenue related to the transfer of electricity from generation plants to utilities within Brazil. No material inter-segment revenue relationships exist between other segments. Corporate allocations include certain self-insurance activities which are reflected within segment adjusted PTC. All intra-segment activity has been eliminated with respect to revenue and adjusted PTC within the segment. Inter-segment activity has been eliminated within the total consolidated results. Asset information for businesses that were discontinued or classified as held for sale as of December 31, 2012 is segregated and is shown in the line &#8220;Discontinued Businesses&#8221; in the accompanying segment tables. The tables below present the breakdown of reportable segment balance sheet and income statement data as of and for the years ended December&#160;31, 2012 through 2010:
CY2010 us-gaap Revenues
Revenues
15443000000 USD
CY2012 us-gaap Revenues
Revenues
18141000000 USD
CY2011 us-gaap Revenues
Revenues
16923000000 USD
CY2012 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
19232000000 USD
CY2011 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
18115000000 USD
CY2010 us-gaap Segment Reporting Information Revenue
SegmentReportingInformationRevenue
16502000000 USD
CY2011 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
24790384 shares
CY2011 aes Treasury Stock Value Acquired Cost Method Excluding Commissions
TreasuryStockValueAcquiredCostMethodExcludingCommissions
301000000 USD
CY2011 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
12.16
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
58715189 shares
aes Treasury Stock Value Acquired Cost Method Excluding Commissions
TreasuryStockValueAcquiredCostMethodExcludingCommissions
680000000 USD
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
11.58
CY2012 aes Stock Repurchase Program Increase In Authorized Amount
StockRepurchaseProgramIncreaseInAuthorizedAmount
300000000 USD
CY2012 aes Net Gain On Sale From Stock Issuance
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7000000 USD
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CY2011 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
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CY2010 us-gaap Revenues From Transactions With Other Operating Segments Of Same Entity
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CY2012 aes Segment Reporting Information Adjusted Pre Tax Contribution
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CY2012 aes Segment Reporting Information Adjusted Pre Tax Contribution From External Customers
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1377000000 USD
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CY2011 aes Segment Reporting Information Adjusted Pre Tax Contribution
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1078000000 USD
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CY2010 aes Segment Reporting Information Adjusted Pre Tax Contribution From External Customers
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955000000 USD
CY2010 aes Segment Reporting Information Intersegment Adjusted Pre Tax Contribution
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CY2010 aes Segment Reporting Information Adjusted Pre Tax Contribution
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CY2012 aes Dispositions Acquisitions Gains
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CY2011 aes Unrealized Derivatives Gains Losses
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CY2011 aes Impairment Losses
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CY2011 aes Pre Tax Contribution
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CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.38 pure
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0 pure
CY2011 aes Income From Continuing Operations Before Taxes Attributable To Noncontrolling Interests
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CY2010 aes Impairment Losses
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CY2010 aes Dispositions Acquisitions Gains
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CY2010 aes Pre Tax Contribution
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38000000 USD
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CY2010Q4 us-gaap Assets
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CY2012 aes Capital Expenditures Total
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2270000000 USD
CY2011 aes Capital Expenditures Total
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2461000000 USD
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2333000000 USD
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1320000000 USD
CY2012Q4 aes Stock Option Grant Price As Percent Of Market Price
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1.00 pure
CY2010 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y
CY2011 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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P6Y
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
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CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.26 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.01 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0108 pure
CY2012 aes Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Fair Value At Grant Date
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3.04
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0265 pure
CY2011 aes Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Fair Value At Grant Date
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4.54
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.31 pure
CY2010 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0286 pure
CY2010 aes Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Fair Value At Grant Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageFairValueAtGrantDate
5.08
CY2010 us-gaap Current Foreign Tax Expense Benefit
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678000000 USD
CY2010 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
66000000 USD
CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
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24000000 USD
CY2012Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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6000000 USD
CY2010 aes Other Income Gain On Extinguishment Of Brazil Swap Liability After Tax And Noncontrolling Interests
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9000000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
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CY2012 us-gaap Current State And Local Tax Expense Benefit
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CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
562000000 USD
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
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135000000 USD
CY2011 us-gaap Current Federal Tax Expense Benefit
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CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2011 us-gaap Current State And Local Tax Expense Benefit
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CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2011 us-gaap Current Foreign Tax Expense Benefit
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852000000 USD
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2010 us-gaap Current Federal Tax Expense Benefit
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CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2010 us-gaap Current State And Local Tax Expense Benefit
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CY2010 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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-0.15 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2012 aes Effective Income Tax Rate Reconciliation Withholding Tax Reversals
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0 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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0.13 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0.13 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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-0.21 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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0 pure
CY2010 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
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0.04 pure
CY2010 aes Effective Income Tax Rate Reconciliation Withholding Tax Reversals
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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CY2010 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0 pure
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
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0.31 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
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0 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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CY2011 us-gaap Effective Income Tax Rate Continuing Operations
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2011 aes Effective Income Tax Rate Reconciliation Withholding Tax Reversals
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0 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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0 pure
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
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2.25 pure
CY2012 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2012 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Business
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CY2010 aes Effective Income Tax Rate Reconciliation Dpl Goodwill Impairment
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0 pure
CY2012 aes Effective Income Tax Rate Reconciliation Dpl Goodwill Impairment
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2.03 pure
CY2011 aes Effective Income Tax Rate Reconciliation Dpl Goodwill Impairment
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CY2012Q4 us-gaap Income Taxes Receivable
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CY2010 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2012Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
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60000000 USD
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CY2011 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
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CY2012 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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105000000 USD
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CY2012 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
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CY2012 aes Dilutive Securities Restrictive Stock Units Per Share
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CY2011 us-gaap Nature Of Common Ownership Or Management Control Relationships
NatureOfCommonOwnershipOrManagementControlRelationships
Terrific Investment Corporation, also a subsidiary of China Investment Corporation, owns approximately 15% of the Company&#8217;s outstanding shares of common stock and has representation on the Company&#8217;s Board of Directors.
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IncomeLossFromContinuingOperationsPerBasicShare
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IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2011Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2011Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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IncomeLossFromContinuingOperationsPerDilutedShare
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CY2011Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2012Q3 aes Impairment Expense Pre Tax Total
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1890000 USD
CY2012Q4 aes Impairment Expense Pre Tax Total
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CY2012Q1 us-gaap Profit Loss
ProfitLoss
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ProfitLoss
207000000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
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CY2012Q4 us-gaap Profit Loss
ProfitLoss
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CY2011Q1 us-gaap Profit Loss
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CY2011Q1 us-gaap Net Income Loss
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CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
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CY2010 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
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CY2012 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
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CY2012 us-gaap Error Corrections And Prior Period Adjustments Description
ErrorCorrectionsAndPriorPeriodAdjustmentsDescription
Correction of an Error &#8211; Certain amounts due to or from subsidiaries were not properly eliminated in the preparation of the Schedule I Condensed Financial Information of Parent for the year ended December 31, 2011 included in the Company&#8217;s 2011 Form 10-K.&#160; As a result, the December 31, 2011 balance sheet information of accounts and notes receivable from subsidiaries, investments in and advances to subsidiaries and affiliates, and current and long-term accounts and notes payable to subsidiaries were overstated.&#160;&#160;&#160; Accounts and notes receivable from subsidiaries was previously reported as $871 million and has been restated to $602 million.&#160; Investment in and advances to subsidiaries and affiliates was previously reported as $12,088 million and has been restated to $11,352 million.&#160; Accrued and notes payable to subsidiaries was previously reported as $317 million and has been restated to $48 million.&#160; Accounts and notes payable to subsidiaries was previously reported as $1,007 million and has been restated to $254 million. Net cash provided by operating activities previously reported on the statement of cash flows for the year ended December 31, 2011 was previously reported as $1,569 million and has now been restated to $719 million.&#160; Net cash used in investing activities was previously reported as $2,747 million and has now been restated to $2,638 million.&#160; Net cash provided by financing activities previously reported as $773 million was restated to $1,512 million. Interest income and interest expense previously reported on the statement of operations for the year ended December 31, 2011 were each reduced by approximately $50 million as a result of these adjustments. There was no impact to Parent Company net income. There was no impact to the Schedule 1 Condensed Financial Information of Parent for the twelve months ended December 31, 2010 or the statement of comprehensive income for the year ended December 31, 2011 as a result of these adjustments. Further, there was no impact to the Company&#8217;s consolidated financial statements for 2012, 2011 or 2010 as a result of these adjustments.
CY2009Q4 us-gaap Valuation Allowances And Reserves Balance
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276000000 USD
CY2011 us-gaap Valuation Allowances And Reserves Charged To Cost And Expense
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43000000 USD
CY2010 us-gaap Valuation Allowances And Reserves Deductions
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CY2010 us-gaap Valuation Allowances And Reserves Adjustments
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CY2011 us-gaap Valuation Allowances And Reserves Adjustments
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CY2012 us-gaap Valuation Allowances And Reserves Deductions
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CY2011 us-gaap Valuation Allowances And Reserves Deductions
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CY2011Q4 us-gaap Valuation Allowances And Reserves Balance
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273000000 USD
CY2012Q4 us-gaap Valuation Allowances And Reserves Balance
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309000000 USD
CY2012 us-gaap Valuation Allowances And Reserves Adjustments
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-13000000 USD
CY2010Q4 us-gaap Valuation Allowances And Reserves Balance
ValuationAllowancesAndReservesBalance
295000000 USD

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