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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data | Edison International's quarterly financial data is as follows:
| 2015
(in millions, except per-share amounts) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 11,524 |  |  | $ | 2,341 |  |  | $ | 3,763 |  |  | $ | 2,908 |  |  | $ | 2,512 |
Operating income | 2,008 |  |  | 340 |  |  | 608 |  |  | 524 |  |  | 538 |
Income (loss) from continuing operations 1 | 1,082 |  |  | (47 | ) |  | 405 |  |  | 406 |  |  | 318 |
Income (loss) from discontinued operations, net | 35 |  |  | (8 | ) |  | 43 |  |  | — |  |  | — |
Net income (loss) attributable to common shareholders | 1,020 |  |  | (79 | ) |  | 421 |  |  | 379 |  |  | 299 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | $ | 3.02 |  |  | $ | (0.22 | ) |  | $ | 1.16 |  |  | $ | 1.16 |  |  | $ | 0.92 |
Discontinued operations | 0.11 |  |  | (0.02 | ) |  | 0.13 |  |  | — |  |  | — |
Total | $ | 3.13 |  |  | $ | (0.24 | ) |  | $ | 1.29 |  |  | $ | 1.16 |  |  | $ | 0.92 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | $ | 2.99 |  |  | $ | (0.22 | ) |  | $ | 1.15 |  |  | $ | 1.15 |  |  | $ | 0.91 |
Discontinued operations | 0.11 |  |  | (0.02 | ) |  | 0.13 |  |  | — |  |  | — |
Total | $ | 3.10 |  |  | $ | (0.24 | ) |  | $ | 1.28 |  |  | $ | 1.15 |  |  | $ | 0.91 |
Dividends declared per share | 1.7325 |  |  | 0.4800 |  |  | 0.4175 |  |  | 0.4175 |  |  | 0.4175 |
Common stock prices: |  |  |  |  |  |  |  |  |
High | 69.59 |  |  | 66.29 |  |  | 63.18 |  |  | 64.55 |  |  | 69.59 |
Low | 55.18 |  |  | 57.51 |  |  | 55.52 |  |  | 55.18 |  |  | 61.02 |
Close | 59.21 |  |  | 59.21 |  |  | 63.07 |  |  | 55.58 |  |  | 62.47 |
1 | In the fourth quarter of 2015, as result of the 2015 GRC Decision, SCE recorded a $382 million write-down of regulatory assets previously recorded for recovery of deferred income taxes from 2012 – 2014 incremental tax repair deductions.
| 2014
(in millions, except per-share amounts) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 13,413 |  |  | $ | 3,114 |  |  | $ | 4,356 |  |  | $ | 3,016 |  |  | $ | 2,926 |
Operating income | 2,472 |  |  | 693 |  |  | 874 |  |  | 575 |  |  | 331 |
Income from continuing operations 1 | 1,536 |  |  | 406 |  |  | 524 |  |  | 382 |  |  | 224 |
Income (loss) from discontinued operations, net | 185 |  |  | 39 |  |  | (16 | ) |  | 184 |  |  | (22 | )
Net income attributable to common shareholders | 1,612 |  |  | 420 |  |  | 480 |  |  | 536 |  |  | 176 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | $ | 4.38 |  |  | $ | 1.17 |  |  | $ | 1.52 |  |  | $ | 1.08 |  |  | $ | 0.61 |
Discontinued operations | 0.57 |  |  | 0.12 |  |  | (0.05 | ) |  | 0.56 |  |  | (0.07 | )
Total | $ | 4.95 |  |  | $ | 1.29 |  |  | $ | 1.47 |  |  | $ | 1.64 |  |  | $ | 0.54 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations | $ | 4.33 |  |  | $ | 1.15 |  |  | $ | 1.51 |  |  | $ | 1.07 |  |  | $ | 0.61 |
Discontinued operations | 0.56 |  |  | 0.12 |  |  | (0.05 | ) |  | 0.56 |  |  | (0.07 | )
Total | $ | 4.89 |  |  | $ | 1.27 |  |  | $ | 1.46 |  |  | $ | 1.63 |  |  | $ | 0.54 |
Dividends declared per share | 1.4825 |  |  | 0.4175 |  |  | 0.3550 |  |  | 0.3550 |  |  | 0.3550 |
Common stock prices: |  |  |  |  |  |  |  |  |
High | 68.74 |  |  | 68.74 |  |  | 59.54 |  |  | 58.24 |  |  | 56.61 |
Low | 44.74 |  |  | 55.88 |  |  | 54.12 |  |  | 53.63 |  |  | 44.74 |
Close | 65.48 |  |  | 65.48 |  |  | 55.92 |  |  | 58.11 |  |  | 56.61 |
1 | During the first quarter of 2014, SCE recorded an impairment charge of $231 million ($96 million after-tax) in 2014. During the fourth quarter of 2014, SCE reduced its estimated impact of the San Onofre OII Settlement by $68 million ($24 million after-tax) consistent with the advice for reimbursement of recorded costs.
SCE's quarterly financial data is as follows:
| 2015
(in millions) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 11,485 |  |  | $ | 2,319 |  |  | $ | 3,757 |  |  | $ | 2,901 |  |  | $ | 2,508 |
Operating income | 2,080 |  |  | 366 |  |  | 626 |  |  | 536 |  |  | 550 |
Net income (loss)1 | 1,111 |  |  | (51 | ) |  | 417 |  |  | 412 |  |  | 333 |
Net income (loss) available for common stock | 998 |  |  | (80 | ) |  | 389 |  |  | 384 |  |  | 305 |
Common dividends declared | 611 |  |  | 170 |  |  | 147 |  |  | 147 |  |  | 147 |
1 | In the fourth quarter of 2015, as result of the 2015 GRC Decision, SCE recorded a $382 million write-down of regulatory assets previously recorded for recovery of deferred income taxes from 2012 – 2014 incremental tax repair deductions.
| 2014
(in millions) | Total |  | Fourth |  | Third |  | Second |  | First
Operating revenue | $ | 13,380 |  |  | $ | 3,104 |  |  | $ | 4,338 |  |  | $ | 3,014 |  |  | $ | 2,924 |
Operating income | 2,529 |  |  | 715 |  |  | 881 |  |  | 593 |  |  | 342 |
Net income 1 | 1,565 |  |  | 408 |  |  | 531 |  |  | 392 |  |  | 234 |
Net income available for common stock | 1,453 |  |  | 380 |  |  | 503 |  |  | 362 |  |  | 208 |
Common dividends declared | 525 |  |  | 147 |  |  | 126 |  |  | 126 |  |  | 126 |
1 | During the first quarter of 2014, SCE recorded an impairment charge of $231 million ($96 million after-tax) in 2014. During the fourth quarter of 2014, SCE reduced its estimated impact of the San Onofre OII Settlement by $68 million ($24 million after-tax) consistent with the advice for reimbursement of recorded costs.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 + Details
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