XML 67 R43.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Leases [Abstract] |
Summary of Finance Lease Payments | The following table summarizes SCE's lease payments for operating and finance leases as of December 31, 2021:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | PPA Operating | ​ | Other Operating | ​ | PPA Finance
(in millions) |  | Leases1 |  | Leases2 |  | Leases1
2022 | ​ | $ | 579 | ​ | $ | 44 | ​ | $ | 1
2023 | ​ |  | 482 | ​ |  | 36 | ​ |  | 1
2024 | ​ |  | 73 | ​ |  | 30 | ​ |  | —
2025 | ​ |  | 73 | ​ |  | 27 | ​ |  | —
2026 | ​ |  | 70 | ​ |  | 24 | ​ |  | —
Thereafter | ​ |  | 698 | ​ |  | 110 | ​ |  | 5
Total lease payments | ​ |  | 1,975 | ​ |  | 271 | ​ |  | 7
Amount representing interest | ​ |  | 262 | ​ |  | 59 | ​ |  | 4
Lease liabilities | ​ | $ | 1,713 | ​ | $ | 212 | ​ | $ | 3
1 | Excludes expected purchases from most renewable energy contracts, which do not meet the definition of a lease payment since renewable power generation is contingent on external factors.
2 | Excludes escalation clauses based on consumer price or other indices and residual value guarantees that are not considered probable at the commencement date of the lease.
Summary of Operating Lease Payments | The following table summarizes SCE's lease payments for operating and finance leases as of December 31, 2021:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | PPA Operating | ​ | Other Operating | ​ | PPA Finance
(in millions) |  | Leases1 |  | Leases2 |  | Leases1
2022 | ​ | $ | 579 | ​ | $ | 44 | ​ | $ | 1
2023 | ​ |  | 482 | ​ |  | 36 | ​ |  | 1
2024 | ​ |  | 73 | ​ |  | 30 | ​ |  | —
2025 | ​ |  | 73 | ​ |  | 27 | ​ |  | —
2026 | ​ |  | 70 | ​ |  | 24 | ​ |  | —
Thereafter | ​ |  | 698 | ​ |  | 110 | ​ |  | 5
Total lease payments | ​ |  | 1,975 | ​ |  | 271 | ​ |  | 7
Amount representing interest | ​ |  | 262 | ​ |  | 59 | ​ |  | 4
Lease liabilities | ​ | $ | 1,713 | ​ | $ | 212 | ​ | $ | 3
1 | Excludes expected purchases from most renewable energy contracts, which do not meet the definition of a lease payment since renewable power generation is contingent on external factors.
2 | Excludes escalation clauses based on consumer price or other indices and residual value guarantees that are not considered probable at the commencement date of the lease.
Supplemental Balance Sheet Information | Supplemental balance sheet information related to SCE's leases was as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, |  | December 31,
(in millions) | ​ | 2021 |  | 2020
Operating leases: |  | ​ |  |  | ​ |
Operating lease ROU assets1 | ​ | $ | 1,925 | ​ | $ | 1,085
Current portion of operating lease liabilities | ​ |  | 582 | ​ |  | 214
Operating lease liabilities | ​ |  | 1,343 | ​ |  | 871
Total operating lease liabilities1 | ​ | $ | 1,925 | ​ | $ | 1,085
​ | ​ | ​ | ​ | ​ | ​ | ​
Finance leases included in: | ​ |  |  | ​ |  |
Utility property, plant and equipment, gross | ​ | $ | 4 | ​ | $ | 4
Accumulated depreciation | ​ |  | (1) | ​ |  | —
Utility property, plant and equipment, net | ​ |  | 3 | ​ |  | 4
Other long-term liabilities | ​ |  | 3 | ​ |  | 4
Total finance lease liabilities | ​ | $ | 3 | ​ | $ | 4
1 | During the year ended December 31, 2021, three SCE PPA operating lease contracts commenced and three power contracts were amended resulting in a total of $1.1 billion additions in ROU assets and lease liabilities.
Summary of Lease Expense Components | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended December 31,
(in millions) |  | 2021 |  | 2020 | ​ | ​ | 2019
PPA leases: |  | ​ |  |  | ​ |  |  | ​ |
Operating lease cost | ​ | $ | 305 | ​ | $ | 111 | ​ | $ | 118
Finance lease cost | ​ | ​ | 1 | ​ | ​ | 1 | ​ | ​ | 1
Variable lease cost1 | ​ | ​ | 2,097 | ​ | ​ | 1,917 | ​ | ​ | 2,087
Short term lease cost | ​ | ​ | 539 | ​ | ​ | — | ​ | ​ | —
Total PPA lease cost | ​ |  | 2,942 | ​ |  | 2,029 | ​ |  | 2,206
Other operating leases cost | ​ | ​ | 47 | ​ | ​ | 47 | ​ | ​ | 46
Total lease cost | ​ | $ | 2,989 | ​ | $ | 2,076 | ​ | $ | 2,252
1 | Includes lease costs from renewable energy contracts where payments are based on contingent external factors such as wind, hydro and solar power generation.
Other information related to leases was as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years ended December 31, | ​
(in millions, except lease term and discount rate) |  | 2021 |  |  | 2020 |  | ​ | 2019 |
Cash paid for amounts included in the measurement of lease liabilities: |  | ​ |  | ​ |  | ​ |  | ​ | ​ | ​ |  | ​
Operating cash flows from operating leases |  | ​ |  | ​ |  | ​ |  | ​ | ​ | ​ |  | ​
PPA leases | ​ | $ | 305 | ​ | ​ | $ | 111 | ​ | ​ | $ | 118 | ​
Other leases | ​ |  | 45 | ​ | ​ |  | 44 | ​ | ​ |  | 44 | ​
Financing cash flows from PPA finance leases | ​ |  | 1 | ​ | ​ |  | 1 | ​ | ​ |  | 1 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
ROU assets obtained in exchange for lease obligations: | ​ |  |  | ​ | ​ |  |  | ​ | ​ |  |  | ​
PPA operating leases | ​ | $ | 1,084 | ​ | ​ | $ | 463 | ​ | ​ | $ | — | ​
Other operating leases | ​ |  | 71 | ​ | ​ |  | 58 | ​ | ​ |  | 34 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average remaining lease term (in years): | ​ |  |  | ​ | ​ |  |  | ​ | ​ |  |  | ​
Operating leases | ​ |  |  | ​ | ​ |  |  | ​ | ​ |  |  | ​
PPA leases | ​ |  | 8.16 | ​ | ​ |  | 9.75 | ​ | ​ |  | 16.05 | ​
Other leases | ​ |  | 11.14 | ​ | ​ |  | 12.13 | ​ | ​ |  | 12.73 | ​
PPA Finance leases | ​ |  | 15.67 | ​ | ​ |  | 16.67 | ​ | ​ |  | 11.51 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average discount rate: | ​ |  |  | ​ | ​ |  |  | ​ | ​ |  |  | ​
Operating leases | ​ |  |  | ​ | ​ |  |  | ​ | ​ |  |  | ​
PPA leases | ​ |  | 2.43 | % | ​ |  | 3.12 | % | ​ |  | 4.46 | %
Other leases | ​ |  | 3.34 | % | ​ |  | 3.63 | % | ​ |  | 3.88 | %
PPA Finance leases | ​ |  | 11.29 | % | ​ |  | 11.29 | % | ​ |  | 8.76 | %
Schedule of Undiscounted Cash Flow Expected from Lease Payments | ​
​ | ​ | ​ | ​
(in millions) |  |  | ​
2022 | ​ | $ | 11
2023 | ​ |  | 10
2024 | ​ |  | 8
2025 | ​ |  | 7
2026 | ​ |  | 6
Thereafter | ​ |  | 124
Total | ​ | $ | 166

X
- Definition Assets And Liabilities, Lessee [Table Text Block] + References No definition available. + Details
Name: | eix_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | eix_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=124258985&loc=SL77919396-209981 + Details
Name: | us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration