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Consolidated Statements of Changes in Equity | 3 Months Ended
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Mar. 31, 2020
Equity [Abstract] |
Consolidated Statements of Changes in Equity | Consolidated Statements of Changes in Equity The following table provides Edison International's changes in equity for the three months ended March 31, 2020:
| Equity Attributable to Common Shareholders |  | Noncontrolling Interests |  |
(in millions, except per share amounts) | Common Stock |  | Accumulated Other Comprehensive Loss |  | Retained Earnings |  | Subtotal |  | Preferred and Preference Stock |  | Total Equity
Balance at December 31, 2019 | $ | 4,990 |  |  | $ | (69 | ) |  | $ | 8,382 |  |  | $ | 13,303 |  |  | $ | 2,193 |  |  | $ | 15,496 |
Net income | — |  |  | — |  |  | 183 |  |  | 183 |  |  | 30 |  |  | 213 |
Other comprehensive income | — |  |  | 2 |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Common stock issued, net of issuance cost | 88 |  |  | — |  |  | — |  |  | 88 |  |  | — |  |  | 88 |
Common stock dividends declared ($0.6375 per share) | — |  |  | — |  |  | (232 | ) |  | (232 | ) |  | — |  |  | (232 | )
Dividends to noncontrolling interests ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock) | — |  |  | — |  |  | — |  |  | — |  |  | (30 | ) |  | (30 | )
Noncash stock-based compensation | 7 |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | 7 |
Balance at March 31, 2020 | $ | 5,085 |  |  | $ | (67 | ) |  | $ | 8,333 |  |  | $ | 13,351 |  |  | $ | 2,193 |  |  | $ | 15,544 |
The following table provides Edison International's changes in equity for the three months ended March 31, 2019:
| Equity Attributable to Common Shareholders |  | Noncontrolling Interests |  |
(in millions, except per share amounts) | Common Stock |  | Accumulated Other Comprehensive Loss |  | Retained Earnings |  | Subtotal |  | Preferred and Preference Stock |  | Total Equity
Balance at December 31, 2018 | $ | 2,545 |  |  | $ | (50 | ) |  | $ | 7,964 |  |  | $ | 10,459 |  |  | $ | 2,193 |  |  | $ | 12,652 |
Net income | — |  |  | — |  |  | 278 |  |  | 278 |  |  | 30 |  |  | 308 |
Other comprehensive income | — |  |  | 2 |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Cumulative effect of accounting changes 1 | — |  |  | (10 | ) |  | 10 |  |  | — |  |  | — |  |  | — |
Common stock dividends declared ($0.6125 per share) | — |  |  | — |  |  | (200 | ) |  | (200 | ) |  | — |  |  | (200 | )
Dividends to noncontrolling interests ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock) | — |  |  | — |  |  | — |  |  | — |  |  | (30 | ) |  | (30 | )
Stock-based compensation | — |  |  | — |  |  | (18 | ) |  | (18 | ) |  | — |  |  | (18 | )
Noncash stock-based compensation | 5 |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Balance at March 31, 2019 | $ | 2,550 |  |  | $ | (58 | ) |  | $ | 8,034 |  |  | $ | 10,526 |  |  | $ | 2,193 |  |  | $ | 12,719 |
1 | Edison International recognized a cumulative effect adjustment to the opening balance of retained earnings and accumulated other comprehensive loss on January 1, 2019 related to the adoption of the accounting standards update on the reclassification of stranded tax effects resulting from Tax Cuts and Jobs Act ("Tax Reform.")
The following table provides SCE's changes in equity for the three months ended March 31, 2020:
(in millions, except per share amounts) | Preferred and Preference Stock |  | Common Stock |  | Additional Paid-in Capital |  | Accumulated Other Comprehensive Loss |  | Retained Earnings |  | Total Equity
Balance at December 31, 2019 | $ | 2,245 |  |  | $ | 2,168 |  |  | $ | 3,939 |  |  | $ | (39 | ) |  | $ | 9,514 |  |  | $ | 17,827 |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | 249 |  |  | 249 |
Other comprehensive income | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | 2 |
Capital contribution from Edison International Parent | — |  |  | — |  |  | 269 |  |  | — |  |  | — |  |  | 269 |
Dividends declared on common stock ($0.6185 per share) | — |  |  | — |  |  | — |  |  | — |  |  | (269 | ) |  | (269 | )
Dividends declared on preferred stock ($0.255 - $0.299 per share) and preference stock ($15.625 - $35.936 per share) | — |  |  | — |  |  | — |  |  | — |  |  | (30 | ) |  | (30 | )
Stock-based compensation | — |  |  | — |  |  | (5 | ) |  | — |  |  | — |  |  | (5 | )
Noncash stock-based compensation | — |  |  | — |  |  | 4 |  |  | — |  |  | (1 | ) |  | 3 |
Balance at March 31, 2020 | $ | 2,245 |  |  | $ | 2,168 |  |  | $ | 4,207 |  |  | $ | (37 | ) |  | $ | 9,463 |  |  | $ | 18,046 |
The following table provides SCE's changes in equity for the three months ended March 31, 2019:
(in millions, except per share amounts) | Preferred and Preference Stock |  | Common Stock |  | Additional Paid-in Capital |  | Accumulated Other Comprehensive Loss |  | Retained Earnings |  | Total Equity
Balance at December 31, 2018 | $ | 2,245 |  |  | $ | 2,168 |  |  | $ | 680 |  |  | $ | (23 | ) |  | $ | 8,715 |  |  | $ | 13,785 |
Net income | — |  |  | — |  |  | — |  |  | — |  |  | 323 |  |  | 323 |
Other comprehensive income | — |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 1 |
Cumulative effect of accounting change 1 |  |  |  |  |  |  | (5 | ) |  | 5 |  |  | — |
Dividends declared on common stock ($0.4599 per share) | — |  |  | — |  |  | — |  |  | — |  |  | (200 | ) |  | (200 | )
Dividends declared on preferred stock ($0.255 - $0.299 per share) and preference stock ($15.625 - $35.936 per share) | — |  |  | — |  |  | — |  |  | — |  |  | (30 | ) |  | (30 | )
Stock-based compensation | — |  |  | — |  |  | — |  |  | — |  |  | (12 | ) |  | (12 | )
Noncash stock-based compensation | — |  |  | — |  |  | 3 |  |  | — |  |  | — |  |  | 3 |
Balance at March 31, 2019 | $ | 2,245 |  |  | $ | 2,168 |  |  | $ | 683 |  |  | $ | (27 | ) |  | $ | 8,801 |  |  | $ | 13,870 |
1 SCE recognized a cumulative effect adjustment to the opening balance of retained earnings and accumulated other comprehensive loss on January 1, 2019 related to the adoption of the accounting standards update on the reclassification of stranded tax effects resulting from Tax Reform. Equity In May 2019, Edison International filed a prospectus supplement and executed several distribution agreements with certain sales agents to establish an "at-the-market" ("ATM") program under which it may sell shares of its common stock having an aggregate sales price of up to $1.5 billion. During the quarter ended March 31, 2020, Edison International issued 0.4 million shares through the ATM program and received proceeds of $27 million, net of fees and offering expenses of $0.3 million. The proceeds from the sales were used for equity contributions to SCE and for general corporate and working capital purposes. As of March 31, 2020, shares of common stock having an aggregate offering price of $1.3 billion remained available to be sold under the ATM program. Edison International has no obligation to sell the remaining available shares. Edison International continued to settle its ongoing common stock requirements of various internal programs through issuance of new common stock. During the quarter ended March 31, 2020, 0.7 million shares of common stock were purchased by employees through the 401(k) defined contribution savings plan for net cash receipts of $46 million, 0.3 million shares of common stock were issued as stock compensation awards for net cash receipts of $13 million and 0.1 million shares of new common stock were issued in lieu of distributing $4 million to shareholders opting to receive dividend payments in the form of additional common stock. In February 2020, SCE received a $269 million capital contribution from Edison International Parent to support SCE's capital program, maintain the equity portion of SCE's capital structure at authorized levels and for general corporate purposes.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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