Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax, Attributable to Parent

5 | The AES CorporationCondensed Consolidated Statements of Changes in Equity(Unaudited)

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Nine Months Ended September 30, 2022 |
|  | Preferred Stock |  | Common Stock |  | Treasury Stock |  | AdditionalPaid-InCapital (1) |  | AccumulatedDeficit |  | AccumulatedOtherComprehensiveLoss |  | NoncontrollingInterests |
|  | Shares |  | Amount(1) |  | Shares |  | Amount |  | Shares |  | Amount |  |  |  |  |
|  | (in millions) |
| Balance at January 1, 2022 | 1.0  |  |  | $ | 838  |  |  | 818.7  |  |  | $ | 8  |  |  | 152.0  |  |  | $ | (1,845) |  |  | $ | 7,106  |  |  | $ | (1,089) |  |  | $ | (2,220) |  |  | $ | 1,769  |  |
| Net income | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 115  |  |  | —  |  |  | 94  |  |
| Total foreign currency translation adjustment, net of income tax | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 131  |  |  | 1  |  |
| Total change in derivative fair value, net of income tax | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 265  |  |  | 22  |  |
| Total pension adjustments, net of income tax | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 1  |  |  | —  |  |
| Total other comprehensive income | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 397  |  |  | 23  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Distributions to noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (25) |  |
| Acquisitions of noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (93) |  |  | —  |  |  | (76) |  |  | (367) |  |
| Contributions from noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 86  |  |
| Sales to noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 7  |  |  | —  |  |  | —  |  |  | 30  |  |
| Issuance of preferred shares in subsidiaries | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 60  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Dividends declared on common stock ($0.1580/share) | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (105) |  |  | —  |  |  | —  |  |  | —  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Issuance and exercise of stock-based compensation benefit plans, net of income tax | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (1.1) |  |  | 13  |  |  | (12) |  |  | —  |  |  | —  |  |  | —  |  |
| Balance at March 31, 2022 | 1.0  |  |  | $ | 838  |  |  | 818.7  |  |  | $ | 8  |  |  | 150.9  |  |  | $ | (1,832) |  |  | $ | 6,903  |  |  | $ | (974) |  |  | $ | (1,899) |  |  | $ | 1,670  |  |
| Net income (loss) | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (179) |  |  | —  |  |  | 50  |  |
| Total foreign currency translation adjustment, net of income tax | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (146) |  |  | (3) |  |
| Total change in derivative fair value, net of income tax | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 255  |  |  | 15  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Total other comprehensive income | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 109  |  |  | 12  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Distributions to noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (45) |  |
| Acquisitions of noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (2) |  |
| Contributions from noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 3  |  |
| Sales to noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 10  |  |  | —  |  |  | —  |  |  | 170  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Issuance and exercise of stock-based compensation benefit plans, net of income tax | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 11  |  |  | —  |  |  | —  |  |  | —  |  |
| Balance at June 30, 2022 | 1.0  |  |  | $ | 838  |  |  | 818.7  |  |  | $ | 8  |  |  | 150.9  |  |  | $ | (1,832) |  |  | $ | 6,924  |  |  | $ | (1,153) |  |  | $ | (1,790) |  |  | $ | 1,858  |  |
| Net income | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 421  |  |  | —  |  |  | 31  |  |
| Total foreign currency translation adjustment, net of income tax | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (75) |  |  | (4) |  |
| Total change in derivative fair value, net of income tax | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 174  |  |  | 14  |  |
| Total pension adjustments, net of income tax | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 1  |  |
| Total other comprehensive income | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 99  |  |  | 11  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Distributions to noncontrolling interests  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (38) |  |
| Acquisitions of noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (3) |  |  | —  |  |  | —  |  |  | (2) |  |
| Contributions from noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | 78  |  |
| Sales to noncontrolling interests | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (2) |  |  | —  |  |  | —  |  |  | 114  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Dividends declared on common stock ($0.1580/share) | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | —  |  |  | (106) |  |  | —  |  |  | —  |  |  | —  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Issuance and exercise of stock-based compensation benefit plans, net of income tax | —  |  |  | —  |  |  | 0.1  |  |  | —  |  |  | (0.1) |  |  | —  |  |  | 5  |  |  | —  |  |  | —  |  |  | —  |  |
| Balance at September 30, 2022 | 1.0  |  |  | $ | 838  |  |  | 818.8  |  |  | $ | 8  |  |  | 150.8  |  |  | $ | (1,832) |  |  | $ | 6,818  |  |  | $ | (732) |  |  | $ | (1,691) |  |  | $ | 2,052  |  |

  
(1)     The balance at January 1, 2022 includes a $13 million reclass from Additional paid-in capital to Preferred stock to reflect the retrospective adoption of ASU 2020-06. For further information, see Note 1—Financial Statement Presentation.  
  

