XML 58 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Investments (Tables)
 12 Months Ended
Dec. 31, 2018
Regulated Entity, Other Assets, Noncurrent [Abstract]  
Amortized Cost and Fair Value of the Trust Investments
The following table sets forth amortized cost and fair value of the trust investments (see Note 4 for a discussion of fair value of the trust investments):
 
Longest
Maturity Date
 
Amortized Cost
 
Fair Value
 
 
December 31,
(in millions)
 
2018
 
2017
 
2018
 
2017
Stocks
—
 
*

 
$
236

 
$
1,381

 
$
1,596

Municipal bonds
2057
 
665

 
643

 
767

 
768

U.S. government and agency securities
2067
 
1,193

 
1,235

 
1,288

 
1,319

Corporate bonds
2050
 
573

 
579

 
611

 
643

Short-term investments and receivables/payables1
One-year
 
70

 
110

 
73

 
114

Total
 
 
$
2,501

 
$
2,803

 
$
4,120

 
$
4,440


* Effective January 1, 2018, SCE adopted an accounting standards update related to the classification and measurement of financial instruments in which equity investments are measured at fair value. See Note 1 for further information.
1
Short-term investments include $71 million and $29 million of repurchase agreements payable by financial institutions which earn interest, are fully secured by U.S. Treasury securities and mature by January 2, 2019 and January 2, 2018 as of December 31, 2018 and 2017, respectively.
Gains and (Losses) for Equity Securities
The following table summarizes the gains and (losses) for the trust investments:
 
December 31,
(in millions)
2018
2017
2016
Gross realized gains
$
134

$
244

$
92

Gross realized losses
(27
)
(23
)
(19
)
Net unrealized (losses) gains for equity securities
(233
)
142

75
Net Unrealized Gains and Losses for Equity Securities
The following table summarizes the gains and (losses) for the trust investments:
 
December 31,
(in millions)
2018
2017
2016
Gross realized gains
$
134

$
244

$
92

Gross realized losses
(27
)
(23
)
(19
)
Net unrealized (losses) gains for equity securities
(233
)
142

75