Debt and Credit Agreements (Tables)

12 Months Ended

Dec. 31, 2022

Debt and Credit Agreements

Long-term Debt

	December 31,
(in millions)	2022		2021
Edison International Parent and Other:
Debentures and notes:
2023 – 2029 (2.95% to 6.95%)	$	3,400	$	3,150
Current portion of long-term debt		(400)		(700)
Unamortized debt discount/premium and issuance costs, net		(19)		(13)
Total Edison International Parent and Other		2,981		2,437
SCE:
First and refunding mortgage bonds:
2023 – 2052 (0.70% to 6.05%)		23,900		20,314
Pollution-control bonds:
2023 – 2035 (1.45% to 2.63%)		752		752
Debentures and notes:
2029 – 2053 (5.06% to 6.65%)		306		306
Senior secured recovery bonds1:
2028 – 2046 (0.86% to 3.24%)		849		333
Other long-term debt2		600		518
Current portion of long-term debt		(2,214)		(377)
Unamortized debt discount/premium and issuance costs, net		(149)		(113)
Total SCE		24,044		21,733
Total Edison International	$	27,025	$	24,170

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 2022 amount represents a term loan due in 2024 with an interest rate of adjusted term secured overnight financing rate ("SOFR") plus 0.90%. 2021 amount represent short-term obligations refinanced on a long-term basis 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
2023	$	2,614	$	2,214
2024		2,680		2,180
2025		2,030		1,230
2026		381		381
2027		1,981		1,381

Summary for Status of Credit Facilities

(in millions, except for rates)
	Termination	SOFR			Outstanding		Outstanding		Amount
Borrower	date	plus (bps)	Commitment		borrowings		letters of credit		available
Edison International Parent1, 3	May 2026	128	$	1,500	$	90	$	—	$	1,410
SCE2, 3	May 2026	108		3,350		195		431		2,724
Total Edison International			$	4,850	$	285	$	431	$	4,134

1 At December 31, 2022, Edison International Parent had $90 million outstanding commercial paper, net of discount, at a weighted-average interest rate of 4.92%. At December 31, 2021 Edison International Parent did not have any outstanding commercial paper.

2 At December 31, 2022 and December 31, 2021, SCE had $195 million and $601 million outstanding commercial paper, net of discount, at a weighted-average interest rate of 5.20% and 0.45%, respectively.

3 Proceeds are used to support commercial paper borrowings and general corporate purposes. 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.