Debt and Credit Agreements (Tables)

12 Months Ended

Dec. 31, 2021

Debt and Credit Agreements

Long-term Debt

	December 31,
(in millions)	2021		2020
Edison International Parent and Other:
Debentures and notes:
2022 – 2028 (2.40% to 5.75%)	$	3,150	$	3,150
Current portion of long-term debt		(700)		—
Unamortized debt discount/premium and issuance costs, net		(13)		(17)
Total Edison International Parent and Other		2,437		3,133
SCE:
First and refunding mortgage bonds:
2022 – 2051 (0.70% to 6.05%)		20,314		16,843
Pollution-control bonds:
2023 – 2035 (1.45% to 2.63%)		752		135
Debentures and notes:
2029 – 2053 (5.06% to 6.65%)		306		306
Senior secured recovery bonds1:
2033 – 2045 (0.86% to 2.51%)		333		—
Other long-term debt2		518		324
Current portion of long-term debt		(377)		(1,029)
Unamortized debt discount/premium and issuance costs, net		(113)		(80)
Total SCE		21,733		16,499
Total Edison International	$	24,170	$	19,632

1 The senior secured recovery bonds are payable only from and secured by the Recovery Property at SCE Recovery Funding LLC, and do not constitute a debt or other legal obligation of, or interest in, SCE or any of its affiliates, except for SCE Recovery Funding LLC. For further details, see Note 3.

2 Amounts represent short-term obligations refinanced on a long-term basis subsequent to the balance sheet dates. For further details, see "Debt Financing Subsequent to December 31, 2021."

Long-term Debt Maturities

Edison International and SCE long-term debt maturities over the next five years are as follows:

	Edison
(in millions)	International		SCE
2022	$	1,077	$	377
2023		2,598		2,198
2024		2,063		1,563
2025		1,314		914
2026		364		364

Summary for Status of Credit Facilities

(in millions, except for rates)
Execution	Termination	Secured Overnight Financing Rate ("SOFR")				Outstanding		Outstanding		Amount
date	date	plus (bps)	Use of proceeds	Commitment		borrowings		letters of credit		available
Edison International Parent
June 2019	May 2025	128	Support commercial paper borrowings and general corporate purposes1, 3	$	1,500	$	—	$	—	$	1,500
Total Edison International Parent:				$	1,500	$	—	$	—	$	1,500
SCE
June 2019	May 2025	108	Support commercial paper borrowings and general corporate purposes2, 3	$	3,350	$	601	$	195	$	2,554
Total SCE:				$	3,350	$	601	$	195	$	2,554
Total Edison International:				$	4,850	$	601	$	195	$	4,054

1 At December 31, 2021 Edison International Parent did not have any outstanding commercial paper. At December 31, 2020 Edison International Parent had $130 million outstanding commercial paper, net of discount, at a weighted-average interest rate of 0.42%.

2 At December 31, 2021 and December 31, 2020, SCE had $601 million and $725 million outstanding commercial paper, net of discount, at a weighted-average interest rate of 0.45% and 0.43%, respectively.

3 The aggregate maximum principal amount under the SCE and Edison International Parent revolving credit facilities may be increased up to $4.0 billion and $2.0 billion, respectively, provided that additional lender commitments are obtained.