XML 38 R26.htm IDEA: XBRL DOCUMENT
v3.23.2

Summary of Significant Accounting Policies (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Summary of Significant Accounting Policies |
Cash Equivalents | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Edison International | ​ | SCE
​ | ​ | June 30, | ​ | December 31, | ​ | June 30, | ​ | December 31,
(in millions) |  | 2023 |  | 2022 | ​ | 2023 |  | 2022
Money market funds | ​ | $ | 123 | ​ | $ | 784 | ​ | $ | 5 | ​ | $ | 647
Cash, Cash Equivalents and Restricted Cash | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, |  | December 31,
(in millions) |  | 2023 |  | 2022
Edison International: | ​ |  | ​ | ​ |  | ​
Cash and cash equivalents | ​ | $ | 195 | ​ | $ | 914
Short-term restricted cash1 | ​ |  | 3 | ​ |  | 3
Total cash, cash equivalents and restricted cash | ​ | $ | 198 | ​ | $ | 917
1 | Reflected in "Other current assets" on Edison International's consolidated balance sheets.
Changes in Allowance for Uncollectible Accounts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | ​ | Three months ended
​ | ​ | June 30, 2023 | ​ | ​ | June 30, 2022
(in millions) | ​ | Customers | ​ | All others | ​ | Total | ​ | ​ | Customers | ​ | All others | ​ | Total
Beginning balance | ​ | $ | 326 |  | $ | 18 | ​ | $ | 344 | ​ | ​ | $ | 337 |  | $ | 16 | ​ | $ | 353
Current period provision for uncollectible accounts2 | ​ | ​ | 20 | ​ | ​ | 1 | ​ | ​ | 21 | ​ | ​ | ​ | 37 | ​ | ​ | 2 | ​ | ​ | 39
Write-offs, net of recoveries | ​ |  | (20) | ​ | ​ | (2) | ​ |  | (22) | ​ | ​ |  | (10) | ​ |  | (1) | ​ |  | (11)
Ending balance | ​ | $ | 326 |  | $ | 17 | ​ | $ | 343 | 1 | ​ | $ | 364 |  | $ | 17 | ​ | $ | 381
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended | ​ | ​ | Six months ended
​ | ​ | June 30, 2023 | ​ | ​ | June 30, 2022
(in millions) | ​ | Customers | ​ | All others | ​ | Total | ​ | ​ | Customers | ​ | All others | ​ | Total
Beginning balance | ​ | $ | 334 |  | $ | 20 | ​ | $ | 354 | 1 | ​ | $ | 293 |  | $ | 16 | ​ | $ | 309
Current period provision for uncollectible accounts3 | ​ | ​ | 40 | ​ | ​ | 1 | ​ | ​ | 41 | ​ | ​ | ​ | 91 | ​ | ​ | 9 | ​ | ​ | 100
Write-offs, net of recoveries | ​ |  | (48) | ​ | ​ | (4) | ​ |  | (52) | ​ | ​ | ​ | (20) | ​ | ​ | (8) | ​ | ​ | (28)
Ending balance | ​ | $ | 326 |  | $ | 17 | ​ | $ | 343 | 1 | ​ | $ | 364 |  | $ | 17 | ​ | $ | 381
1 | Approximately $8 million and $7 million of allowance for uncollectible accounts are included in "Other long-term assets" on SCE's consolidated balance sheets as of June 30, 2023 and December 31, 2022, respectively.
2 | This includes $13 million and $17 million of incremental costs, for the three months ended June 30, 2023 and 2022, respectively, which were probable of recovery from customers and recorded as regulatory assets.
3 | This includes $27 million and $58 million of incremental costs, for the six months ended June 30, 2023 and 2022, respectively, which were probable of recovery from customers and recorded as regulatory assets.
EPS Attributable to Edison International Common Shareholders | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended June 30, |  | Six months ended June 30,
(in millions, except per-share amounts) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Basic earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to common shareholders | ​ | $ | 354 | ​ | $ | 241 | ​ | $ | 664 | ​ | $ | 325
Net income available to common shareholders | ​ | $ | 354 | ​ | $ | 241 | ​ | $ | 664 | ​ | $ | 325
Weighted average common shares outstanding | ​ |  | 383 | ​ |  | 381 | ​ |  | 383 | ​ | ​ | 381
Basic earnings per share | ​ | $ | 0.92 | ​ | $ | 0.63 | ​ | $ | 1.73 | ​ | $ | 0.85
Diluted earnings per share: | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
Net income attributable to common shareholders | ​ | $ | 354 | ​ | $ | 241 | ​ | $ | 664 | ​ | $ | 325
Net income available to common shareholders | ​ | $ | 354 | ​ | $ | 241 | ​ | $ | 664 | ​ | $ | 325
Income impact of assumed conversions | ​ |  | — | ​ |  | — | ​ |  | 1 | ​ | ​ | —
Net income available to common shareholders and assumed conversions | ​ | $ | 354 | ​ | $ | 241 | ​ | $ | 665 | ​ | $ | 325
Weighted average common shares outstanding | ​ |  | 383 | ​ |  | 381 | ​ |  | 383 | ​ | ​ | 381
Incremental shares from assumed conversions | ​ |  | 2 | ​ |  | 2 | ​ |  | 2 | ​ | ​ | 1
Adjusted weighted average shares – diluted | ​ |  | 385 | ​ |  | 383 | ​ |  | 385 | ​ | ​ | 382
Diluted earnings per share | ​ | $ | 0.92 | ​ | $ | 0.63 | ​ | $ | 1.73 | ​ | $ | 0.85

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

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(1)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 8 -SubTopic 10 -Topic 230 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482913/230-10-50-8 + Details
Name: | us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration