Compensation and Benefit Plans

9 Months Ended

Sep. 30, 2024

Compensation and Benefit Plans

Compensation and Benefit Plans

Note 9.Compensation and Benefit Plans

Pension Plans

Net periodic pension expense components are:

	Three months ended				Nine months ended
	September 30,				September 30,
(in millions)	2024		2023		2024		2023
Edison International:
Service cost	$	24	$	25	$	72	$	75
Non-service cost (benefit)
Interest cost		44		45		132		135
Expected return on plan assets		(58)		(54)		(176)		(162)
Amortization of net loss1		—		—		2		2
Regulatory adjustment		(5)		(12)		(15)		(36)
Total non-service benefit2	$	(19)	$	(21)	$	(57)	$	(61)
Total expense	$	5	$	4	$	15	$	14
SCE:
Service cost	$	24	$	24	$	72	$	72
Non-service cost (benefit)
Interest cost		41		42		122		126
Expected return on plan assets		(56)		(51)		(166)		(153)
Amortization of net loss1		1		—		2		—
Regulatory adjustment		(5)		(12)		(15)		(36)
Total non-service benefit2	$	(19)	$	(21)	$	(57)	$	(63)
Total expense	$	5	$	3	$	15	$	9

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

2 Included in "Other Income, net" on Edison International's and SCE's consolidated statements of income.

Postretirement Benefits Other Than Pensions ("PBOP")

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

	Three months ended				Nine months ended
	September 30,				September 30,
(in millions)	2024		2023		2024		2023
Service cost	$	3	$	5	$	9	$	15
Non-service cost (benefit)
Interest cost		9		18		27		54
Expected return on plan assets		(28)		(27)		(84)		(81)
Amortization of net gain		(24)		(12)		(72)		(36)
Regulatory adjustment		40		16		120		48
Total non-service benefit1	$	(3)	$	(5)	$	(9)	$	(15)
Total expense	$	—	$	—	$	—	$	—

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