Compensation and Benefit Plans

6 Months Ended

Jun. 30, 2021

Retirement Benefits [Abstract]

Compensation and Benefit Plans

Note 9.Compensation and Benefit Plans

Pension Plans

Net periodic pension expense components are:

	Three months ended				Six months ended
	June 30,				June 30,
(in millions)	2021		2020		2021		2020
Edison International:
Service cost	$	34	$	31	$	68	$	62
Non-service cost (benefit)
Interest cost		26		30		52		61
Expected return on plan assets		(56)		(54)		(112)		(108)
Amortization of prior service cost		—		1		—		1
Amortization of net loss1		3		3		6		6
Regulatory adjustment		4		2		8		4
Total non-service benefit2	$	(23)	$	(18)	$	(46)	$	(36)
Total expense recognized	$	11	$	13	$	22	$	26
SCE:
Service cost	$	33	$	30	$	66	$	60
Non-service cost (benefit)
Interest cost		24		28		48		56
Expected return on plan assets		(53)		(51)		(106)		(102)
Amortization of prior service cost		—		1		—		1
Amortization of net loss1		2		2		4		4
Regulatory adjustment		4		2		8		4
Total non-service benefit2	$	(23)	$	(18)	$	(46)	$	(37)
Total expense recognized	$	10	$	12	$	20	$	23

1 Represents the amount of net loss reclassified from other comprehensive loss.

2 Included in "Other income" on Edison International's and SCE's consolidated statement of income.

Postretirement Benefits Other Than Pensions ("PBOP")

Net periodic PBOP expense components for Edison International and SCE are:

	Three months ended				Six months ended
	June 30,				June 30,
(in millions)	2021		2020		2021		2020
Service cost	$	10	$	9	$	20	$	18
Non-service cost (benefit)
Interest cost		14		17		28		34
Expected return on plan assets		(27)		(30)		(54)		(60)
Amortization of net gain		(8)		(4)		(16)		(8)
Regulatory adjustment		11		8		22		16
Total non-service benefit1	$	(10)	$	(9)	$	(20)	$	(18)
Total expense	$	—	$	—	$	—	$	—

1 Included in "Other income" on Edison International's and SCE's consolidated statement of income.