Investments (Tables)

9 Months Ended

Sep. 30, 2022

Investments

Amortized Cost and Fair Value of the Trust Investments

		Amortized Cost				Fair Value
	Longest	September 30,		December 31,		September 30,		December 31,
(in millions)	Maturity Dates	2022		2021		2022		2021
Equity securities	—		*		*	$	1,465	$	1,972
Municipal bonds	2058	$	767	$	875		806		1,033
Government and agency securities	2067		846		1,095		899		1,212
Corporate bonds	2070		376		386		398		446
Short-term investments and receivables/payables1	One-year		236		199		255		207
Total		$	2,225	$	2,555	$	3,823	$	4,870

* Not applicable

1 Short-term investments include $69 million and $37 million of repurchase agreements payable by financial institutions which earn interest, are fully secured by U.S. Treasury securities and mature by October 3, 2022 and January 3, 2022 as of September 30, 2022 and December 31, 2021, respectively.

SCE

Investments

Summary of gains and losses

	Three months ended September 30,				Nine months ended September 30,
(in millions)	2022		2021		2022		2021
Gross realized gains	$	22	$	77	$	111	$	328
Gross realized losses		(35)		(5)		(96)		(21)
Net unrealized losses for equity securities		(83)		(74)		(515)		(41)