Credit Losses

12 Months Ended

Dec. 31, 2024

ALLOWANCE FOR CREDIT LOSSES

The following table represents the rollforward of the allowance for credit losses for the periods indicated (in millions):


Twelve Months Ended December 31, 2024	Accounts Receivable		Mong Duong Loan Receivable (1)		Argentina Receivables		Other (2)		Total
CECL reserve balance at beginning of period	$	15	$	25	$	7	$	17	$	64
Current period provision	43		—		—		15		58
Write-offs charged against allowance	(7)		—		—		(6)		(13)
Recoveries collected	1		(2)		—		—		(1)
Allowance derecognized due to disposal of a business	—		—		—		(7)		(7)
Foreign exchange	—		—		(2)		(3)		(5)
CECL reserve balance at end of period	$	52	$	23	$	5	$	16	$	96


Twelve Months Ended December 31, 2023	Accounts Receivable		Mong Duong Loan Receivable (1)		Argentina Receivables		Lease Receivable (3)		Other		Total
CECL reserve balance at beginning of period	$	3	$	28	$	30	$	20	$	2	$	83
Current period provision	23		—		—		—		17		40
Write-offs charged against allowance	(15)		—		—		(20)		—		(35)
Recoveries collected	2		(3)		—		—		—		(1)
Foreign exchange	2		—		(23)		—		(2)		(23)
CECL reserve balance at end of period	$	15	$	25	$	7	$	—	$	17	$	64

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(1)Mong Duong loan receivable credit losses allowance was classified in held-for-sale assets on the Consolidated Balance Sheets as of December 31, 2024 and 2023.

(2)Primarily relates to credit losses allowance on financing receivables in the U.S. and credit losses allowance at AES Brasil which was sold on October 31, 2024.

(3)Lease receivable credit losses allowance at Southland Energy (AES Gilbert).

AES CORP 10-K