Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2024

Summary of Significant Accounting Policies

Cash Equivalents

	Edison International				SCE
	June 30,		December 31,		June 30,		December 31,
(in millions)	2024		2023		2024		2023
Money market funds	$	397	$	199	$	10	$	78

Cash, Cash Equivalents and Restricted Cash

	June 30,		December 31,
(in millions)	2024		2023
Edison International:
Cash and cash equivalents	$	465	$	345
Short-term restricted cash1		39		35
Long-term restricted cash2		295		152
Total cash, cash equivalents and restricted cash	$	799	$	532
SCE:
Cash and cash equivalents	$	68	$	214
Short-term restricted cash1		34		33
Long-term restricted cash2		294		151
Total cash, cash equivalents and restricted cash	$	396	$	398

1 Includes SCE Recovery Funding LLC's restricted cash for payments of senior secured recovery bonds and is reflected in "Other current assets" on Edison International's and SCE's consolidated balance sheets.

2 The SCE amount represents cash collected for customer-funded wildfire self-insurance and is reflected in "Other long-term assets" on Edison International's and SCE's consolidated balance sheets. See Note 12 for further information.

Changes in Allowance for Uncollectible Accounts

	Three months ended							Three months ended
	June 30, 2024							June 30, 2023
(in millions)	Customers		All others		Total			Customers		All others		Total
Beginning balance	$	347	$	16	$	363		$	326	$	18	$	344
Current period provision for uncollectible accounts1		54		3		57			20		1		21
Write-offs, net of recoveries		(52)		(4)		(56)			(20)		(2)		(22)
Ending balance	$	349	$	15	$	364	3	$	326	$	17	$	343
	Six months ended							Six months ended
	June 30, 2024							June 30, 2023
(in millions)	Customers		All others		Total			Customers		All others		Total
Beginning balance	$	347	$	17	$	364	3	$	334	$	20	$	354
Current period provision for uncollectible accounts2		114		4		118			40		1		41
Write-offs, net of recoveries		(112)		(6)		(118)			(48)		(4)		(52)
Ending balance	$	349	$	15	$	364	3	$	326	$	17	$	343

1 This includes $46 million and $13 million of incremental costs, for the three months ended June 30, 2024 and 2023, respectively, which were probable of recovery from customers and recorded as regulatory assets.

2 This includes $96 million and $27 million of incremental costs, for the six months ended June 30, 2024 and 2023, respectively, which were probable of recovery from customers and recorded as regulatory assets.

3 Approximately $30 million and $4 million of allowance for uncollectible accounts are included in "Other long-term assets" on SCE's consolidated balance sheets as of June 30, 2024 and December 31, 2023, respectively.

EPS Attributable to Edison International Common Shareholders

	Three months ended June 30,				Six months ended June 30,
(in millions, except per-share amounts)	2024		2023		2024		2023
Basic earnings per share:
Net income attributable to common shareholders	$	439	$	354	$	428	$	664
Net income available to common shareholders	$	439	$	354	$	428	$	664
Weighted average common shares outstanding		385		383		385		383
Basic earnings per share	$	1.14	$	0.92	$	1.11	$	1.73
Diluted earnings per share:
Net income attributable to common shareholders	$	439	$	354	$	428	$	664
Net income available to common shareholders	$	439	$	354	$	428	$	664
Income impact of assumed conversions		1		—		1		1
Net income available to common shareholders and assumed conversions	$	440	$	354	$	429	$	665
Weighted average common shares outstanding		385		383		385		383
Incremental shares from assumed conversions		3		2		2		2
Adjusted weighted average shares – diluted		388		385		387		385
Diluted earnings per share	$	1.13	$	0.92	$	1.11	$	1.73