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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2022
Summary of Significant Accounting Policies  
Cash Equivalents

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Edison International

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SCE

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September 30, 

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December 31, 

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September 30, 

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December 31, 

(in millions)

    

2022

    

2021

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2022

    

2021

Money market funds

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$

139

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$

329

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$

4

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$

230

Cash, Cash Equivalents and Restricted Cash

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September 30, 

    

December 31, 

(in millions)

    

2022

    

2021

Edison International:

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Cash and cash equivalents

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$

232

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$

390

Short-term restricted cash1

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1

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4

Total cash, cash equivalents and restricted cash

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$

233

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$

394

SCE:

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Cash and cash equivalents

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$

90

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$

279

Short-term restricted cash1

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1

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1

Total cash, cash equivalents and restricted cash

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$

91

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$

280

1Reflected in "Other current assets" on Edison International's and SCE's consolidated balance sheets.
Changes in Allowance for Uncollectible Accounts

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Three months ended

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Three months ended

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September 30, 2022

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September 30, 2021

(in millions)

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Customers

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All others

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Total

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Customers

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All others

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Total

Beginning balance

 

$

364

 

$

17

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$

381

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$

254

 

$

16

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$

270

Plus: current period provision for uncollectible accounts

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Included in operation and maintenance expenses in earning activities1

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12

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2

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14

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9

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4

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13

Included in operation and maintenance expenses in cost-recovery activities2

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57

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—

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57

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52

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—

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52

Deferred to regulatory memorandum accounts

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—

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—

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—

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7

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—

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7

Less: write-offs, net of recoveries

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24

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2

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26

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1

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3

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4

Ending balance

 

$

409

 

$

17

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$

426

³

$

321

 

$

17

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$

338

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Nine months ended

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Nine months ended

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September 30, 2022

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September 30, 2021

(in millions)

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Customers

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All others

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Total

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Customers

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All others

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Total

Beginning balance

 

$

293

 

$

16

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$

309

³

$

175

 

$

13

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$

188

Plus: current period provision for uncollectible accounts

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Included in operation and maintenance expenses in earning activities1

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45

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11

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56

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27

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11

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38

Included in operation and maintenance expenses in cost-recovery activities2

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112

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—

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112

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112

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—

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112

Deferred to regulatory memorandum accounts

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3

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—

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3

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13

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—

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13

Less: write-offs, net of recoveries

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44

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10

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54

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6

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7

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13

Ending balance

 

$

409

 

$

17

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$

426

³

$

321

 

$

17

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$

338

1Earning activities is one of SCE's disaggregated revenue sources. See Note 7 for further details.
2Cost-recovery activities is one of SCE's disaggregated revenue sources. See Note 7 for further details. This portion of costs from the allowance for uncollectible expenses is recovered through the residential uncollectibles balancing account.
3Approximately $35 million and $116 million of allowance for uncollectible accounts are included in long-term "Receivables" on Edison International's and SCE's consolidated balance sheets as of September 30, 2022 and December 31, 2021, respectively.
EPS Attributable to Edison International Common Shareholders

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Three months ended September 30, 

    

Nine months ended September 30, 

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(in millions, except per-share amounts)

    

2022

    

2021

    

2022

    

2021

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Basic earnings per share:

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Net (loss) income attributable to common shareholders

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$

(128)

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$

(341)

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$

197

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$

236

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Net (loss) income available to common shareholders

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$

(128)

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$

(341)

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$

197

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$

236

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Weighted average common shares outstanding

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382

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380

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381

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380

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Basic (loss) earnings per share

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$

(0.33)

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$

(0.90)

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$

0.52

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$

0.62

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Diluted (loss) earnings per share:

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Net (loss) income attributable to common shareholders

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$

(128)

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$

(341)

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$

197

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$

236

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Net (loss) income available to common shareholders

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$

(128)

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$

(341)

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$

197

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$

236

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Net (loss) income available to common shareholders and assumed conversions

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$

(128)

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$

(341)

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$

197

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$

236

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Weighted average common shares outstanding

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382

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380

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381

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380

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Incremental shares from assumed conversions

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1

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—

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1

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—

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Adjusted weighted average shares – diluted

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383

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380

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382

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380

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Diluted (loss) earnings per share

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$

(0.33)

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$

(0.90)

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$

0.52

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$

0.62

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