Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

The cash equivalents were as follows:



	Edison International				SCE
(in millions)	March 31, 2018		December 31, 2017		March 31, 2018		December 31, 2017
Money market funds	$	43	$	1,024	$	—	$	483

Cash is temporarily invested until required for check clearing. Checks issued, but not yet paid by the financial institution, are reclassified from cash to accounts payable at the end of each reporting period as follows:



	Edison International				SCE
(in millions)	March 31, 2018		December 31, 2017		March 31, 2018		December 31, 2017
Book balances reclassified to accounts payable	$	40	$	64	$	40	$	63

Cash, Cash Equivalents and Restricted Cash

The following table sets forth the cash, cash equivalents and restricted cash included in the consolidated statements of cash flows:



(in millions)	March 31, 2018		December 31, 2017
Edison International:
Cash and cash equivalents	$	105	$	1,091
Short-term restricted cash ¹	1		40
Long-term restricted cash ²	—		1
Total cash, cash equivalents, and restricted cash³	$	106	$	1,132
SCE:
Cash and cash equivalents	$	15	$	515
Total cash, cash equivalents, and restricted cash	$	15	$	515


¹	Reflected in "Other current assets" on Edison International's consolidated balance sheets.


²	Reflected in "Other long-term assets" on Edison International's consolidated balance sheets.


³	Excludes SoCore Energy's cash and cash equivalents of $18 million and short-term and long-term restricted cash of $26 million at March 31, 2018, which were reflected in "Assets of business held for sale" on Edison International's consolidated balance sheets (see Note 10 for additional information).

EPS Attributable to Edison International Common Shareholders

EPS attributable to Edison International common shareholders was computed as follows:



	Three months ended March 31,
(in millions, except per-share amounts)	2018		2017
Basic earnings per share – continuing operations:
Income from continuing operations attributable to common shareholders	$	218	$	362
Participating securities dividends	—		—
Income from continuing operations available to common shareholders	$	218	$	362
Weighted average common shares outstanding	326		326
Basic earnings per share – continuing operations	$	0.67	$	1.11
Diluted earnings per share – continuing operations:
Income from continuing operations attributable to common shareholders	$	218	$	362
Participating securities dividends	—		—
Income from continuing operations available to common shareholders	$	218	$	362
Income impact of assumed conversions	—		—
Income from continuing operations available to common shareholders and assumed conversions	$	218	$	362
Weighted average common shares outstanding	326		326
Incremental shares from assumed conversions	1		3
Adjusted weighted average shares – diluted	327		329
Diluted earnings per share – continuing operations	$	0.67	$	1.10