Debt and Credit Agreements (Tables)

12 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt

	December 31,
(in millions)	2024		2023
Edison International Parent and Other:
Debentures and notes:
2025 – 2054 (4.125% to 8.125%)	$	5,100	$	4,550
Current portion of long-term debt	(800)		(500)
Unamortized debt discount/premium and issuance costs, net	(32)		(31)
Total Edison International Parent and Other	4,268		4,019
SCE:
First and refunding mortgage bonds:
2025 – 2053 (1.20% to 6.05%)	27,400		24,700
Pollution-control bonds:
2028 – 2035 (1.45% to 4.50%)	752		752
Debentures and notes:
2029 – 2053 (5.06% to 6.65%)	306		306
Senior secured recovery bonds1:
2028 – 2047 (0.86% to 5.11%)	1,532		1,579
Other long-term debt2	706		1,322
Current portion of long-term debt	(1,249)		(2,197)
Unamortized debt discount/premium and issuance costs, net	(181)		(165)
Total SCE	29,266		26,297
Total Edison International	$	33,534	$	30,316

1The 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.

2Subsequent to December 31, 2024 and 2023, SCE issued first and refunding mortgage bonds which were used to partially pay down its commercial paper balance. As a result, SCE included the paydown amount of $706 million and $722 million in other long-term debt at December 31, 2024 and 2023, respectively. The 2023 amount also includes a $600 million term loan with an interest rate of adjusted term secured overnight financing rate ("SOFR") plus 0.90% that matured in 2024.

Schedule of First and Refunding Mortgage Bonds

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

(in millions)	Edison International		SCE
2025	$	2,049	$	1,249
2026	1,900		1,900
2027	2,501		1,901
2028	2,942		1,792
2029	3,363		2,313

Summary for Status of Credit Facilities

The following table summarizes the status of the credit facilities at December 31, 2024:

(in millions, except for rates)
Borrower	Termination Date	SOFR plus (bps)	Commitment		Outstanding borrowings		Outstanding letters of credit		Amount available
Edison International Parent1, 3	May 2028	128	$	1,500	$	445	$	—	$	1,055
SCE2, 3	May 2028	108	3,350		1,260		6		2,084
Total Edison International			$	4,850	$	1,705	$	6	$	3,139

1At December 31, 2024 and 2023, Edison International Parent had $444 million and $246 million outstanding commercial paper, net of discount of $1 million and zero, at a weighted-average interest rate of 4.86% and 5.82%, respectively.

2At December 31, 2024 and 2023, SCE had $1,259 million and $1,554 million outstanding commercial paper, net of discount of $1 million and $4 million, at a weighted-average interest rate of 4.95% and 5.82%, respectively. This includes $706 million and $722 million, at December 31, 2024 and 2023, respectively, outstanding commercial paper reclassified from "Short-term debt" to "Long-term debt" on the consolidated balance sheets, due to subsequent debt refinancing.

3 The aggregate maximum principal amount under the Edison International Parent and SCE revolving credit facilities may be increased up to $2.0 billion and $4.0 billion, respectively, provided that additional lender commitments are obtained. In May 2024, Edison International Parent and SCE amended their credit facilities to extend the maturity date to May 2028, with additional one-year extension options.