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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2018
Accounting Policies [Abstract] |
Cash Equivalents | The cash equivalents were as follows:
|  | Edison International |  | SCE
(in millions) |  | June 30, 2018 |  | December 31, 2017 |  | June 30, 2018 |  | December 31, 2017
Money market funds |  | $ | 57 |  |  | $ | 1,024 |  |  | $ | — |  |  | $ | 483 |
Cash is temporarily invested until required for check clearing. Checks issued, but not yet paid by the financial institution, are reclassified from cash to accounts payable at the end of each reporting period as follows:
|  | Edison International |  | SCE
(in millions) |  | June 30, 2018 |  | December 31, 2017 |  | June 30, 2018 |  | December 31, 2017
Book balances reclassified to accounts payable |  | $ | 16 |  |  | $ | 64 |  |  | $ | 16 |  |  | $ | 63 |
Cash, Cash Equivalents and Restricted Cash | The following table sets forth the cash, cash equivalents and restricted cash included in the consolidated statements of cash flows:
(in millions) |  | June 30, 2018 |  | December 31, 2017
Edison International: |  |  |  |
Cash and cash equivalents |  | $ | 99 |  |  | $ | 1,091 |
Short-term restricted cash 1 |  | 1 |  |  | 40 |
Long-term restricted cash 2 |  | 7 |  |  | 1 |
Total cash, cash equivalents, and restricted cash |  | $ | 107 |  |  | $ | 1,132 |
SCE: |  |  |  |
Cash and cash equivalents |  | $ | 25 |  |  | $ | 515 |
Short-term restricted cash 1 |  | 1 |  |  | — |
Total cash, cash equivalents, and restricted cash |  | $ | 26 |  |  | $ | 515 |
1 | Reflected in "Other current assets" on Edison International's and SCE's consolidated balance sheets.
2 | Reflected in "Other long-term assets" on Edison International's consolidated balance sheets.
EPS Attributable to Edison International Common Shareholders | EPS attributable to Edison International common shareholders was computed as follows:
|  | Three months ended June 30, |  | Six months ended June 30,
(in millions, except per-share amounts) |  | 2018 |  | 2017 |  | 2018 |  | 2017
Basic earnings per share – continuing operations: |  |  |  |  |  |  |  |
Income from continuing operations attributable to common shareholders |  | $ | 276 |  |  | $ | 278 |  |  | $ | 494 |  |  | $ | 640 |
Participating securities dividends |  | — |  |  | — |  |  | — |  |  | — |
Income from continuing operations available to common shareholders |  | $ | 276 |  |  | $ | 278 |  |  | $ | 494 |  |  | $ | 640 |
Weighted average common shares outstanding |  | 326 |  |  | 326 |  |  | 326 |  |  | 326 |
Basic earnings per share – continuing operations |  | $ | 0.85 |  |  | $ | 0.85 |  |  | $ | 1.52 |  |  | $ | 1.96 |
Diluted earnings per share – continuing operations: |  |  |  |  |  |  |  |
Income from continuing operations attributable to common shareholders |  | $ | 276 |  |  | $ | 278 |  |  | $ | 494 |  |  | $ | 640 |
Participating securities dividends |  | — |  |  | — |  |  | — |  |  | — |
Income from continuing operations available to common shareholders |  | $ | 276 |  |  | $ | 278 |  |  | $ | 494 |  |  | $ | 640 |
Income impact of assumed conversions |  | — |  |  | — |  |  | — |  |  | — |
Income from continuing operations available to common shareholders and assumed conversions |  | $ | 276 |  |  | $ | 278 |  |  | $ | 494 |  |  | $ | 640 |
Weighted average common shares outstanding |  | 326 |  |  | 326 |  |  | 326 |  |  | 326 |
Incremental shares from assumed conversions |  | 1 |  |  | 3 |  |  | 1 |  |  | 3 |
Adjusted weighted average shares – diluted |  | 327 |  |  | 329 |  |  | 327 |  |  | 329 |
Diluted earnings per share – continuing operations |  | $ | 0.84 |  |  | $ | 0.85 |  |  | $ | 1.51 |  |  | $ | 1.95 |

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