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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 1,318 $ 193
Receivables, less allowances of $300 and $352 for uncollectible accounts at respective dates 1,864 2,169
Accrued unbilled revenue 805 848
Inventory 539 538
Prepaid expenses 262 103
Regulatory assets 2,124 2,748
Wildfire Insurance Fund contributions 138 138
Other current assets 377 418
Total current assets 7,427 7,155
Nuclear decommissioning trusts 4,231 4,286
Other investments 59 57
Total investments 4,290 4,343
Utility property, plant and equipment, less accumulated depreciation and amortization of $14,447 and $14,207 at respective dates 59,950 59,047
Nonutility property, plant and equipment, less accumulated depreciation of $122 and $124 at respective dates 204 207
Total property, plant and equipment 60,154 59,254
Receivables, less allowances of $44 and $43 for uncollectible accounts at respective dates 85 62
Regulatory assets (include $1,500 and $1,512 related to a Variable Interest Entity ("VIE") at respective dates) 10,548 8,886
Wildfire Insurance Fund contributions 1,844 1,878
Operating lease right-of-use assets 1,169 1,180
Long-term insurance receivables 406 418
Other long-term assets 2,497 2,403
Total other assets 16,549 14,827
Total assets 88,420 85,579
LIABILITIES AND EQUITY    
Short-term debt 5 998
Current portion of long-term debt 2,999 2,049
Accounts payable 2,156 2,000
Wildfire-related claims 55 60
Accrued interest 495 422
Regulatory liabilities 563 1,347
Current portion of operating lease liabilities 123 124
Other current liabilities 1,373 1,439
Total current liabilities 7,769 8,439
Long-term debt (includes $1,468 related to a VIE at respective dates) 35,387 33,534
Deferred income taxes and credits 7,726 7,180
Pensions and benefits 379 384
Asset retirement obligations 2,554 2,580
Regulatory liabilities 10,430 10,159
Operating lease liabilities 1,046 1,056
Wildfire-related claims 803 941
Other deferred credits and other long-term liabilities 3,529 3,566
Total deferred credits and other liabilities 26,467 25,866
Total liabilities 69,623 67,839
Commitments and contingencies (Note 12)
Preferred stock (50,000,000 shares authorized; 1,159,317 shares of Series A and 503,454 shares of Series B issued and outstanding at respective dates) 1,645 1,645
Common stock, no par value (800,000,000 shares authorized; 384,763,662 and 384,784,719 shares issued and outstanding at respective dates) 6,315 6,353
Retained earnings 8,662 7,567
Total equity 16,622 15,565
Noncontrolling interests – preference stock of SCE 2,175 2,175
Total equity 18,797 17,740
Total liabilities and equity 88,420 85,579
SCE Recovery Funding LLC    
ASSETS    
Other current assets 72 49
Regulatory assets (include $1,500 and $1,512 related to a Variable Interest Entity ("VIE") at respective dates) 1,500 1,512
LIABILITIES AND EQUITY    
Current portion of long-term debt 49 49
Regulatory liabilities 27 30
Other current liabilities 20 6
Long-term debt (includes $1,468 related to a VIE at respective dates) $ 1,468 $ 1,468