Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

The cash equivalents were as follows:



	Edison International				SCE
(in millions)	June 30, 2019		December 31, 2018		June 30, 2019		December 31, 2018
Money market funds	$	219	$	116	$	—	$	1

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)	June 30, 2019		December 31, 2018		June 30, 2019		December 31, 2018
Book balances reclassified to accounts payable	$	43	$	65	$	43	$	65

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)	June 30, 2019		December 31, 2018
Edison International:
Cash and cash equivalents	$	257	$	144
Short-term restricted cash¹	8		8
Total cash, cash equivalents, and restricted cash	$	265	$	152
SCE:
Cash and cash equivalents	$	26	$	21
Short-term restricted cash¹	1		1
Total cash, cash equivalents, and restricted cash	$	27	$	22


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

EPS Attributable to Edison International Common Shareholders

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



	Three months ended June 30,				Six months ended June 30,
(in millions, except per-share amounts)	2019		2018		2019		2018
Basic earnings per share – continuing operations:
Income from continuing operations attributable to common shareholders	$	392	$	276	$	670	$	494
Participating securities dividends	—		—		—		—
Income from continuing operations available to common shareholders	$	392	$	276	$	670	$	494
Weighted average common shares outstanding	326		326		326		326
Basic earnings per share – continuing operations	$	1.20	$	0.85	$	2.05	$	1.52
Diluted earnings per share – continuing operations:
Income from continuing operations attributable to common shareholders	$	392	$	276	$	670	$	494
Participating securities dividends	—		—		—		—
Income from continuing operations available to common shareholders	$	392	$	276	$	670	$	494
Income impact of assumed conversions	—		—		—		—
Income from continuing operations available to common shareholders and assumed conversions	$	392	$	276	$	670	$	494
Weighted average common shares outstanding	326		326		326		326
Incremental shares from assumed conversions	1		1		1		1
Adjusted weighted average shares – diluted	327		327		327		327
Diluted earnings per share – continuing operations	$	1.20	$	0.84	$	2.05	$	1.51