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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2019
Accounting Policies [Abstract] |
Cash Equivalents | The cash equivalents were as follows:
|  | Edison International |  | SCE
(in millions) |  | September 30, 2019 |  | December 31, 2018 |  | September 30, 2019 |  | December 31, 2018
Money market funds |  | $ | 493 |  |  | $ | 116 |  |  | $ | 41 |  |  | $ | 1 |
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) |  | September 30, 2019 |  | December 31, 2018 |  | September 30, 2019 |  | December 31, 2018
Book balances reclassified to accounts payable |  | $ | 63 |  |  | $ | 65 |  |  | $ | 61 |  |  | $ | 65 |
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) |  | September 30, 2019 |  | December 31, 2018
Edison International: |  |  |  |
Cash and cash equivalents |  | $ | 547 |  |  | $ | 144 |
Short-term restricted cash 1 |  | 1 |  |  | 8 |
Total cash, cash equivalents, and restricted cash |  | $ | 548 |  |  | $ | 152 |
SCE: |  |  |  |
Cash and cash equivalents |  | $ | 86 |  |  | $ | 21 |
Short-term restricted cash 1 |  | — |  |  | 1 |
Total cash, cash equivalents, and restricted cash |  | $ | 86 |  |  | $ | 22 |
1 | Reflected in "Other current assets" on Edison International's and SCE'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 September 30, |  | Nine months ended September 30,
(in millions, except per-share amounts) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Basic earnings per share: |  |  |  |  |  |  |  |
Net income attributable to common shareholders |  | $ | 471 |  |  | $ | 513 |  |  | $ | 1,141 |  |  | $ | 1,007 |
Participating securities dividends |  | — |  |  | — |  |  | — |  |  | — |
Net income available to common shareholders |  | $ | 471 |  |  | $ | 513 |  |  | $ | 1,141 |  |  | $ | 1,007 |
Weighted average common shares outstanding |  | 347 |  |  | 326 |  |  | 333 |  |  | 326 |
Basic earnings per share |  | $ | 1.36 |  |  | $ | 1.57 |  |  | $ | 3.43 |  |  | $ | 3.09 |
Diluted earnings per share: |  |  |  |  |  |  |  |
Net income attributable to common shareholders |  | $ | 471 |  |  | $ | 513 |  |  | $ | 1,141 |  |  | $ | 1,007 |
Participating securities dividends |  | — |  |  | — |  |  | — |  |  | — |
Net income available to common shareholders |  | $ | 471 |  |  | $ | 513 |  |  | $ | 1,141 |  |  | $ | 1,007 |
Income impact of assumed conversions |  | — |  |  | — |  |  | — |  |  | — |
Net income available to common shareholders and assumed conversions |  | $ | 471 |  |  | $ | 513 |  |  | $ | 1,141 |  |  | $ | 1,007 |
Weighted average common shares outstanding |  | 347 |  |  | 326 |  |  | 333 |  |  | 326 |
Incremental shares from assumed conversions |  | 2 |  |  | 1 |  |  | 1 |  |  | 1 |
Adjusted weighted average shares – diluted |  | 349 |  |  | 327 |  |  | 334 |  |  | 327 |
Diluted earnings per share |  | $ | 1.35 |  |  | $ | 1.57 |  |  | $ | 3.42 |  |  | $ | 3.08 |

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