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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2015
Accounting Policies [Abstract]  
Revision to Consolidated Statement of Cash Flow
The following table presents the cash flow statement effects related to the revision for the three months ended March 31, 2014:
 
Edison International
 
SCE
(in millions)
As Reported
 
Adjustment
 
As Revised
 
As Reported
 
Adjustment
 
As Revised
Nuclear decommissioning trusts
$
29

 
$
67

 
$
96

 
$
29

 
$
67

 
$
96

Total cash provided by operating activities
498

 
67

 
565

 
521

 
67

 
588

Purchases of nuclear decommissioning trust investments
(1,536
)
 
(67
)
 
(1,603
)
 
(1,536
)
 
(67
)
 
(1,603
)
Total cash used in investing activities
(975
)
 
(67
)
 
(1,042
)
 
(974
)
 
(67
)
 
(1,041
)
Cash Equivalents
Checks issued, but not yet paid by the financial institution, are reclassified from cash to accounts payable at the end of each reporting period as follows:
 
 
Edison International
 
SCE
(in millions)
 
March 31,
2015
 
December 31, 2014
 
March 31,
2015
 
December 31, 2014
Book balances reclassified to accounts payable
 
$
121

 
$
180

 
$
121

 
$
177

The cash equivalents were as follows:
 
 
Edison International
 
SCE
(in millions)
 
March 31,
2015
 
December 31, 2014
 
March 31,
2015
 
December 31, 2014
Money market funds
 
$
35

 
$
35

 
$
5

 
$
5

EPS Attributable to Edison International Common Shareholders
EPS attributable to Edison International common shareholders was computed as follows:
 
 
Three months ended March 31,
(in millions, except per-share amounts)
 
2015
 
2014
Basic earnings per share – continuing operations:
 
 
 
 
Income from continuing operations attributable to common shareholders
 
$
299

 
$
198

Participating securities dividends
 

 

Income from continuing operations available to common shareholders
 
$
299

 
$
198

Weighted average common shares outstanding
 
326

 
326

Basic earnings per share – continuing operations
 
$
0.92

 
$
0.61

Diluted earnings per share – continuing operations:
 
 
 
 
Income from continuing operations available to common shareholders
 
$
299

 
$
198

Income impact of assumed conversions
 

 

Income from continuing operations available to common shareholders and assumed conversions
 
$
299

 
$
198

Weighted average common shares outstanding
 
326

 
326

Incremental shares from assumed conversions
 
3

 
3

Adjusted weighted average shares – diluted
 
329

 
329

Diluted earnings per share – continuing operations
 
$
0.91

 
$
0.61