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Schedule I - Condensed Financial Information of Parent | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Schedule I - Condensed Financial Information of Parent | EDISON INTERNATIONAL SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT CONDENSED BALANCE SHEETS ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
(in millions) |  | 2021 |  | 2020
Assets: |  | ​ |  |  | ​ |
Cash and cash equivalents | ​ | $ | 52 | ​ | $ | 3
Other current assets | ​ |  | 403 | ​ |  | 43
Total current assets | ​ |  | 455 | ​ |  | 46
Investments in subsidiaries | ​ |  | 18,924 | ​ |  | 17,706
Deferred income taxes | ​ |  | 697 | ​ |  | 675
Other long-term assets | ​ |  | 68 | ​ |  | 71
Total assets | ​ | $ | 20,144 | ​ | $ | 18,498
Liabilities and equity: | ​ |  |  | ​ |  |
Short-term debt | ​ | $ | — | ​ | $ | 129
Current portion of long-term debt | ​ |  | 700 | ​ |  | —
Other current liabilities | ​ |  | 583 | ​ |  | 636
Total current liabilities | ​ |  | 1,283 | ​ |  | 765
Long-term debt | ​ |  | 2,438 | ​ |  | 3,133
Other long-term liabilities | ​ |  | 535 | ​ |  | 552
Total equity | ​ |  | 15,888 | ​ |  | 14,048
Total liabilities and equity | ​ | $ | 20,144 | ​ | $ | 18,498
​ ​ EDISON INTERNATIONAL SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT CONDENSED STATEMENTS OF INCOME For the Years Ended December 31, 2021, 2020 and 2019 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in millions) |  | 2021 |  | 2020 |  | 2019
Interest income from affiliates | ​ | $ | — | ​ | $ | 1 | ​ | $ | 5
Operating, interest and other expenses | ​ |  | 176 | ​ |  | 189 | ​ |  | 150
Loss before equity in earnings of subsidiaries | ​ |  | (176) | ​ |  | (188) | ​ |  | (145)
Equity in earnings of subsidiaries | ​ |  | 956 | ​ |  | 851 | ​ |  | 1,385
Income before income taxes | ​ |  | 780 | ​ |  | 663 | ​ |  | 1,240
Income tax benefit | ​ |  | (39) | ​ |  | (76) | ​ |  | (44)
Income from continuing operations | ​ |  | 819 | ​ |  | 739 | ​ |  | 1,284
Preferred stock dividend requirements of Edison International | ​ | ​ | 60 | ​ | ​ | — | ​ | ​ | —
Net income | ​ | $ | 759 | ​ | $ | 739 | ​ | $ | 1,284
​ ​ CONDENSED STATEMENTS OF COMPREHENSIVE INCOME For the Years Ended December 31, 2021, 2020 and 2019 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in millions) |  | 2021 |  | 2020 |  | 2019
Net income | ​ | $ | 819 | ​ | $ | 739 | ​ | $ | 1,284
Other comprehensive income (loss), net of tax | ​ |  | 15 | ​ |  | — | ​ |  | (9)
Comprehensive income | ​ | $ | 834 | ​ | $ | 739 | ​ | $ | 1,275
​ ​ EDISON INTERNATIONAL SCHEDULE I – CONDENSED FINANCIAL INFORMATION OF PARENT CONDENSED STATEMENTS OF CASH FLOWS For the Years Ended December 31, 2021, 2020 and 2019 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in millions) |  | 2021 |  | 2020 |  | 2019
Net cash provided by operating activities | ​ | $ | 817 | ​ | $ | 1,171 | ​ | $ | 181
Cash flows from financing activities: | ​ |  |  | ​ |  |  | ​ |  |
Long-term debt issued | ​ |  | — | ​ |  | 400 | ​ |  | 1,399
Long-term debt issuance costs | ​ |  | — | ​ |  | (3) | ​ |  | (9)
Long-term debt repaid | ​ |  | — | ​ |  | (400) | ​ |  | —
Short-term debt issued | ​ |  | — | ​ |  | 800 | ​ |  | 1,000
Short-term debt repaid | ​ |  | — | ​ |  | (800) | ​ |  | (1,000)
Common stock issued | ​ |  | 32 | ​ |  | 912 | ​ |  | 2,391
Preferred stock issued | ​ | ​ | 1,977 | ​ | ​ | — | ​ | ​ | —
Payable due to affiliates | ​ |  | (13) | ​ |  | 135 | ​ |  | 5
Commercial paper (repayments) borrowing, net | ​ |  | (130) | ​ |  | 129 | ​ |  | (1)
Payments for stock-based compensation | ​ |  | (3) | ​ |  | (3) | ​ |  | (27)
Receipts for stock-based compensation | ​ |  | 31 | ​ |  | 21 | ​ |  | 39
Common stock dividends paid | ​ |  | (988) | ​ |  | (928) | ​ |  | (810)
Preferred stock dividends paid | ​ | ​ | (35) | ​ | ​ | — | ​ | ​ | —
Net cash provided by financing activities | ​ |  | 871 | ​ |  | 263 | ​ |  | 2,987
Capital contributions to affiliate | ​ |  | (1,639) | ​ |  | (1,446) | ​ |  | (3,258)
Dividends from affiliate | ​ |  | — | ​ |  | — | ​ |  | 8
Net cash used in investing activities: | ​ |  | (1,639) | ​ |  | (1,446) | ​ |  | (3,250)
Net increase (decrease) in cash and cash equivalents | ​ |  | 49 | ​ |  | (12) | ​ |  | (82)
Cash and cash equivalents, beginning of year | ​ |  | 3 | ​ |  | 15 | ​ |  | 97
Cash and cash equivalents, end of year | ​ | $ | 52 | ​ | $ | 3 | ​ | $ | 15
​ Note 1. Basis of Presentation The accompanying condensed financial statements of Edison International Parent should be read in conjunction with the consolidated financial statements and notes thereto of Edison International and subsidiaries ("Registrant") included in this Form 10-K. Edison International Parent's significant accounting policies are consistent with those of the Registrant, SCE and other wholly owned and controlled subsidiaries. Dividends Received Edison International Parent received cash dividends from SCE of $975 million, $1.3 billion and $400 million in 2021, 2020 and 2019, respectively. Dividend Restrictions CPUC holding company rules require that SCE's dividend policy be established by SCE's Board of Directors on the same basis as if SCE were a stand-alone utility company, and that the capital requirements of SCE, as deemed to be necessary to meet SCE's electricity service obligations, shall receive first priority from the Boards of Directors of both Edison International and SCE. In addition, the CPUC regulates SCE's capital structure which limits the dividends it may pay to its shareholders. Effective January 1, 2020, the common equity component of SCE's CPUC authorized capital structure was increased from 48% to 52% on a weighted average basis over the January 1, 2020 to December 31, 2022 compliance period. Certain amounts, including the impact of SCE's contributions to the Wildfire Insurance Fund under AB 1054, are excluded from the measurement of SCE's CPUC-jurisdictional authorized capital structure. For further information, see "Notes to Consolidated Financial Statements—Note 12. Commitments and Contingencies—Contingencies—Southern California Wildfires and Mudslides." The CPUC authorized capital structure differs from the capital structure calculated based on GAAP due to certain exclusions allowed by CPUC. In May 2020, the CPUC issued a decision on SCE's application to the CPUC for waiver of compliance with its equity ratio requirement, that allows SCE to exclude from its equity ratio calculations (i) net charges accrued in connection with the 2017/2018 Wildfire/Mudslide Events and (ii) debt issued for the purpose of paying claims related to the 2017/2018 Wildfire/Mudslide Events up to an amount equal to the net charges accrued in connection with the 2017/2018 Wildfire/Mudslide Events. The temporary exclusion will lapse on May 7, 2022 and SCE anticipates filing another application for waiver of compliance with its equity ratio requirement in April 2022. Under the CPUC's rules, SCE will not be deemed to be in violation of the equity ratio requirement while the waiver application is pending resolution. While the exclusion is in place, SCE is required to notify the CPUC if an adverse financial event reduces SCE's spot equity ratio by more than one percent from the level most recently filed with the CPUC in the proceeding. The last spot equity ratio SCE filed with the CPUC in the proceeding did not exclude the then $1.8 billion net charge and was 45.2% as of December 31, 2018 (at the time the common equity component of SCE's CPUC authorized capital structure was required to remain at or above 48% on a weighted average basis over the applicable 37-month period). SCE's spot equity ratio on December 31, 2018 would have been 48.7% had the $1.8 billion net charge at December 31, 2018 been excluded, therefore SCE will notify the CPUC if its spot ratio drops below 47.7% in any quarter. For further information, see "Notes to Consolidated Financial Statements—Note 12. Commitments and Contingencies—Contingencies—Southern California Wildfires and Mudslides." Note 2. Debt and Equity Financing Long-Term Debt At December 31, 2021 and 2020, Edison International Parent had $400 million of 2.40% senior notes and $300 million of 3.125% senior notes due in 2022, $400 million of 2.95% senior notes due in 2023, $500 million of 3.55% senior notes due in 2024, $400 million of 4.95% senior notes due in 2025, $600 million of 5.75% senior notes due in 2027 and $550 million of 4.125% senior notes due in 2028. Credit Agreements and Short-Term Debt The following table summarizes the status of the credit facility at December 31, 2021:
​ | ​ | ​ | ​
(in millions) |  |  | ​
Commitment | ​ | $ | 1,500
Outstanding borrowings | ​ |  | —
Amount available | ​ | $ | 1,500
In April 2021, Edison International Parent amended its revolving credit facilities to extend the termination date to May 2025 and implement the transition from LIBOR to SOFR. The aggregate maximum principal amount under the Edison International Parent revolving credit facilities may be increased up to $2.0 billion, provided that additional lender commitments are obtained. The debt covenant in Edison International Parent's credit facility requires a consolidated debt to total capitalization ratio of less than or equal to 0.70 to 1. At December 31, 2021, Edison International's consolidated debt to total capitalization ratio was 0.61 to 1. Equity Edison International did not issue any shares during the three and twelve months ended December 31, 2021 through its "at-the-market" ("ATM") program established in May 2019. Under the ATM program, Edison International may sell shares of its common stock having an aggregate sales price of up to $1.5 billion. As of December 31, 2021, 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 twelve months ended December 31, 2021, 522,400 shares of common stock were purchased by employees through the 401(k) defined contribution savings plan for net cash receipts of $30 million, 629,092 shares of common stock were issued as stock compensation awards for net cash receipts of $25 million and 293,031 shares of new common stock were issued in lieu of distributing $17 million to shareholders opting to receive dividend payments in the form of additional common stock. Starting July 2021, the 401(k) defined contribution savings plan no longer offers Edison International's stock as an investment option to employees. Subsequent to the change, stock issued through the 401(k) defined contribution savings plan were dividend payments made in the form of additional common stock. During the twelve months ended December 31, 2020, 1,644,500 shares of common stock were purchased by employees through the 401(k) defined contribution savings plan for net cash receipts of $99 million, 387,425 shares of common stock were issued as stock compensation awards for net cash receipts of $16 million, 280,707 shares of new common stock were issued in lieu of distributing $17 million to shareholders opting to receive dividend payments in the form of additional common stock and 35,999 shares of common stock related to optional cash investments of $2 million. Preferred Stock Issuance In 2021, Edison International issued 1,250,000 shares of 5.375% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series A, and 750,000 shares of its 5.00% Fixed-Rate Reset Cumulative Perpetual Preferred Stock, Series B, each with a liquidation value of $1,000 per share. The dividends are payable on a semi-annual basis, commencing September 15, 2021 and March 15, 2022, respectively. The dividend rate will be reset every five years beginning on March 15, 2026 and March 15, 2027, respectively, to equal the then-current five-year U.S. Treasury rate plus a spread of 4.698% and 3.901%, respectively The net proceeds of $2.0 billion were used to repay commercial paper borrowings and for general corporate purposes, including making a total of $900 million equity contribution to SCE. Note 3. Related-Party Transactions Edison International's Parent expense from services provided by SCE was $2 million in 2021, $2 million in 2020 and $2 million in 2019. Edison International Parent's interest expense from loans due to affiliates was $5 million in 2021, $4 million in 2020 and $5 million in 2019. Edison International Parent had current related-party receivables of $361 million and $43 million and current related-party payables of $211 million and $323 million at December 31, 2021 and 2020, respectively. Edison International Parent had long-term related-party receivables of $52 million and $68 million at December 31, 2021 and 2020, respectively, and long-term related-party payables of $227 million and $219 million at December 31, 2021 and 2020, respectively. Note 4. Contingencies For a discussion of material contingencies see "Notes to Consolidated Financial Statements—Note 8. Income Taxes" and "—Note 12. Commitments and Contingencies."

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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