Compensation and Benefit Plans

6 Months Ended

Jun. 30, 2024

Compensation and Benefit Plans

Compensation and Benefit Plans

Note 9.Compensation and Benefit Plans

Pension Plans

Net periodic pension expense components are:

	Three months ended				Six months ended
	June 30,				June 30,
(in millions)	2024		2023		2024		2023
Edison International:
Service cost	$	24	$	25	$	48	$	50
Non-service cost (benefit)
Interest cost		44		45		88		90
Expected return on plan assets		(59)		(54)		(118)		(108)
Amortization of net loss1		1		1		2		2
Regulatory adjustment		(5)		(12)		(10)		(24)
Total non-service benefit2	$	(19)	$	(20)	$	(38)	$	(40)
Total expense	$	5	$	5	$	10	$	10
SCE:
Service cost	$	24	$	24	$	48	$	48
Non-service cost (benefit)
Interest cost		41		42		81		84
Expected return on plan assets		(55)		(51)		(110)		(102)
Amortization of net loss1		—		—		1		—
Regulatory adjustment		(5)		(12)		(10)		(24)
Total non-service benefit2	$	(19)	$	(21)	$	(38)	$	(42)
Total expense	$	5	$	3	$	10	$	6

1 Represents the amount of net loss reclassified from other comprehensive loss.

2 Included in "Other Income, net" on Edison International's and SCE's consolidated statements of income.

Postretirement Benefits Other Than Pensions ("PBOP")

Net periodic PBOP expense components for Edison International and SCE are:

	Three months ended				Six months ended
	June 30,				June 30,
(in millions)	2024		2023		2024		2023
Service cost	$	3	$	5	$	6	$	10
Non-service cost (benefit)
Interest cost		9		18		18		36
Expected return on plan assets		(28)		(27)		(56)		(54)
Amortization of net gain		(24)		(12)		(48)		(24)
Regulatory adjustment		40		16		80		32
Total non-service benefit1	$	(3)	$	(5)	$	(6)	$	(10)
Total expense	$	—	$	—	$	—	$	—

1 Included in "Other income, net" on Edison International's and SCE's consolidated statements of income.