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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 364 $ 193
Receivables, net of allowances for uncollectible accounts of $326 and $352 at respective dates 2,284 2,169
Accrued unbilled revenue 1,159 848
Inventory 524 538
Prepaid expenses 116 103
Regulatory assets 2,703 2,748
Wildfire Insurance Fund contributions 138 138
Other current assets 440 418
Total current assets 7,728 7,155
Nuclear decommissioning trusts 4,475 4,286
Other investments 70 57
Total investments 4,545 4,343
Utility property, plant and equipment, net of accumulated depreciation and amortization of $14,923 and $14,207 at respective dates 61,588 59,047
Nonutility property, plant and equipment, net of accumulated depreciation of $128 and $124 at respective dates 200 207
Total property, plant and equipment 61,788 59,254
Receivables, net of allowances for uncollectible accounts of $41 and $43 at respective dates 50 62
Regulatory assets (include $1,476 and $1,512 related to a Variable Interest Entity ("VIE") at respective dates) 10,686 8,886
Wildfire Insurance Fund contributions 1,774 1,878
Operating lease right-of-use assets 1,180 1,180
Long-term insurance receivables 307 418
Other long-term assets 2,431 2,403
Total other assets 16,428 14,827
Total assets 90,489 85,579
LIABILITIES AND EQUITY    
Short-term debt 1,879 998
Current portion of long-term debt 1,899 2,049
Accounts payable 2,346 2,000
Wildfire-related claims 98 60
Accrued interest 436 422
Regulatory liabilities 1,109 1,347
Current portion of operating lease liabilities 120 124
Other current liabilities 1,532 1,439
Total current liabilities 9,419 8,439
Long-term debt (includes $1,444 and $1,468 related to a VIE at respective dates) 34,479 33,534
Deferred income taxes and credits 8,433 7,180
Pensions and benefits 370 384
Asset retirement obligations 2,540 2,580
Regulatory liabilities 10,736 10,159
Operating lease liabilities 1,060 1,056
Wildfire-related claims 456 941
Other deferred credits and other long-term liabilities 3,666 3,566
Total deferred credits and other liabilities 27,261 25,866
Total liabilities 71,159 67,839
Commitments and contingencies (Note 12)
Preferred stock (50,000,000 shares authorized; 1,159,317 shares of Series A and 503,454 shares of Series B issued and outstanding at respective dates) 1,645 1,645
Common stock, no par value (800,000,000 shares authorized; 384,787,056 and 384,784,719 shares issued and outstanding at respective dates) 6,343 6,353
Accumulated other comprehensive income 2 0
Retained earnings 9,165 7,567
Total equity 17,155 15,565
Noncontrolling interests – preference stock of SCE 2,175 2,175
Total equity 19,330 17,740
Total liabilities and equity $ 90,489 $ 85,579