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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2024
Summary of Significant Accounting Policies |
Cash Equivalents | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Edison International | ​ | SCE
​ | ​ | June 30, | ​ | December 31, | ​ | June 30, | ​ | December 31,
(in millions) |  | 2024 |  | 2023 | ​ | 2024 |  | 2023
Money market funds | ​ | $ | 397 | ​ | $ | 199 | ​ | $ | 10 | ​ | $ | 78
Cash, Cash Equivalents and Restricted Cash | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, |  | December 31,
(in millions) |  | 2024 |  | 2023
Edison International: | ​ |  | ​ | ​ |  | ​
Cash and cash equivalents | ​ | $ | 465 | ​ | $ | 345
Short-term restricted cash1 | ​ |  | 39 | ​ |  | 35
Long-term restricted cash2 | ​ | ​ | 295 | ​ | ​ | 152
Total cash, cash equivalents and restricted cash | ​ | $ | 799 | ​ | $ | 532
SCE: | ​ |  | ​ | ​ |  | ​
Cash and cash equivalents | ​ | $ | 68 | ​ | $ | 214
Short-term restricted cash1 | ​ |  | 34 | ​ |  | 33
Long-term restricted cash2 | ​ | ​ | 294 | ​ | ​ | 151
Total cash, cash equivalents and restricted cash | ​ | $ | 396 | ​ | $ | 398
1 | Includes SCE Recovery Funding LLC's restricted cash for payments of senior secured recovery bonds and is reflected in "Other current assets" on Edison International's and SCE's consolidated balance sheets.
2 | The SCE amount represents cash collected for customer-funded wildfire self-insurance and is reflected in "Other long-term assets" on Edison International's and SCE's consolidated balance sheets. See Note 12 for further information.
Changes in Allowance for Uncollectible Accounts | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​ | ​ | Three months ended
​ | ​ | June 30, 2024 | ​ | ​ | June 30, 2023
(in millions) | ​ | Customers | ​ | All others | ​ | Total | ​ | ​ | Customers | ​ | All others | ​ | Total
Beginning balance | ​ | $ | 347 |  | $ | 16 | ​ | $ | 363 | ​ | ​ | $ | 326 |  | $ | 18 | ​ | $ | 344
Current period provision for uncollectible accounts1 | ​ | ​ | 54 | ​ | ​ | 3 | ​ | ​ | 57 | ​ | ​ | ​ | 20 | ​ | ​ | 1 | ​ | ​ | 21
Write-offs, net of recoveries | ​ |  | (52) | ​ | ​ | (4) | ​ |  | (56) | ​ | ​ |  | (20) | ​ |  | (2) | ​ |  | (22)
Ending balance | ​ | $ | 349 |  | $ | 15 | ​ | $ | 364 | 3 | ​ | $ | 326 |  | $ | 17 | ​ | $ | 343
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended | ​ | ​ | Six months ended
​ | ​ | June 30, 2024 | ​ | ​ | June 30, 2023
(in millions) | ​ | Customers | ​ | All others | ​ | Total | ​ | ​ | Customers | ​ | All others | ​ | Total
Beginning balance | ​ | $ | 347 |  | $ | 17 | ​ | $ | 364 | 3 | ​ | $ | 334 |  | $ | 20 | ​ | $ | 354
Current period provision for uncollectible accounts2 | ​ | ​ | 114 | ​ | ​ | 4 | ​ | ​ | 118 | ​ | ​ | ​ | 40 | ​ | ​ | 1 | ​ | ​ | 41
Write-offs, net of recoveries | ​ |  | (112) | ​ | ​ | (6) | ​ |  | (118) | ​ | ​ | ​ | (48) | ​ | ​ | (4) | ​ | ​ | (52)
Ending balance | ​ | $ | 349 |  | $ | 15 | ​ | $ | 364 | 3 | ​ | $ | 326 |  | $ | 17 | ​ | $ | 343
1 | This includes $46 million and $13 million of incremental costs, for the three months ended June 30, 2024 and 2023, respectively, which were probable of recovery from customers and recorded as regulatory assets.
2 | This includes $96 million and $27 million of incremental costs, for the six months ended June 30, 2024 and 2023, respectively, which were probable of recovery from customers and recorded as regulatory assets.
3 | Approximately $30 million and $4 million of allowance for uncollectible accounts are included in "Other long-term assets" on SCE's consolidated balance sheets as of June 30, 2024 and December 31, 2023, respectively.
EPS Attributable to Edison International Common Shareholders | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended June 30, |  | Six months ended June 30,
(in millions, except per-share amounts) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Basic earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to common shareholders | ​ | $ | 439 | ​ | $ | 354 | ​ | $ | 428 | ​ | $ | 664
Net income available to common shareholders | ​ | $ | 439 | ​ | $ | 354 | ​ | $ | 428 | ​ | $ | 664
Weighted average common shares outstanding | ​ |  | 385 | ​ |  | 383 | ​ |  | 385 | ​ | ​ | 383
Basic earnings per share | ​ | $ | 1.14 | ​ | $ | 0.92 | ​ | $ | 1.11 | ​ | $ | 1.73
Diluted earnings per share: | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
Net income attributable to common shareholders | ​ | $ | 439 | ​ | $ | 354 | ​ | $ | 428 | ​ | $ | 664
Net income available to common shareholders | ​ | $ | 439 | ​ | $ | 354 | ​ | $ | 428 | ​ | $ | 664
Income impact of assumed conversions | ​ |  | 1 | ​ |  | — | ​ |  | 1 | ​ | ​ | 1
Net income available to common shareholders and assumed conversions | ​ | $ | 440 | ​ | $ | 354 | ​ | $ | 429 | ​ | $ | 665
Weighted average common shares outstanding | ​ |  | 385 | ​ |  | 383 | ​ |  | 385 | ​ | ​ | 383
Incremental shares from assumed conversions | ​ |  | 3 | ​ |  | 2 | ​ |  | 2 | ​ | ​ | 2
Adjusted weighted average shares – diluted | ​ |  | 388 | ​ |  | 385 | ​ |  | 387 | ​ | ​ | 385
Diluted earnings per share | ​ | $ | 1.13 | ​ | $ | 0.92 | ​ | $ | 1.11 | ​ | $ | 1.73

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