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Fair Value Measurements (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Jun. 30, 2012
Dec. 31, 2011
Jun. 30, 2011
Dec. 31, 2010
Sep. 30, 2012
Stocks
Dec. 31, 2011
Stocks
Sep. 30, 2012
Municipal bonds
Dec. 31, 2011
Municipal bonds
Sep. 30, 2012
U.S. government and agency securities
Dec. 31, 2011
U.S. government and agency securities
Sep. 30, 2012
Corporate bonds
Dec. 31, 2011
Corporate bonds
Sep. 30, 2012
Level 3
Sep. 30, 2011
Level 3
Sep. 30, 2012
Level 3
Sep. 30, 2011
Level 3
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 1
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 1
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 1
Electricity
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 1
Electricity
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 1
Natural Gas
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 1
Natural Gas
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 1
Fuel Oil
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 1
Fuel Oil
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 1
Tolling
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 1
Tolling
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 1
Interest rate contracts
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 1
Interest rate contracts
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 1
Stocks
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 1
Stocks
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 1
Municipal bonds
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 1
Municipal bonds
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 1
U.S. government and agency securities
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 1
U.S. government and agency securities
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 1
Corporate bonds
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 1
Corporate bonds
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 1
Short-term investments, primarily cash equivalents
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 1
Short-term investments, primarily cash equivalents
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 2
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 2
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 2
Electricity
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 2
Electricity
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 2
Natural Gas
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 2
Natural Gas
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 2
Fuel Oil
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 2
Fuel Oil
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 2
Tolling
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 2
Tolling
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 2
Interest rate contracts
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 2
Interest rate contracts
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 2
Stocks
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 2
Stocks
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 2
Municipal bonds
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 2
Municipal bonds
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 2
U.S. government and agency securities
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 2
U.S. government and agency securities
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 2
Corporate bonds
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 2
Corporate bonds
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 2
Short-term investments, primarily cash equivalents
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 2
Short-term investments, primarily cash equivalents
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 3
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 3
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 3
Electricity
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 3
Electricity
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 3
Natural Gas
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 3
Natural Gas
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 3
Fuel Oil
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 3
Fuel Oil
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 3
Tolling
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 3
Tolling
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 3
Interest rate contracts
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 3
Interest rate contracts
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 3
Stocks
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 3
Stocks
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 3
Municipal bonds
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 3
Municipal bonds
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 3
U.S. government and agency securities
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 3
U.S. government and agency securities
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 3
Corporate bonds
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 3
Corporate bonds
Sep. 30, 2012
Fair Value, Measurements, Recurring
Level 3
Short-term investments, primarily cash equivalents
Dec. 31, 2011
Fair Value, Measurements, Recurring
Level 3
Short-term investments, primarily cash equivalents
Sep. 30, 2012
Fair Value, Measurements, Recurring
Netting and Collateral
Dec. 31, 2011
Fair Value, Measurements, Recurring
Netting and Collateral
Sep. 30, 2012
Fair Value, Measurements, Recurring
Netting and Collateral
Electricity
Dec. 31, 2011
Fair Value, Measurements, Recurring
Netting and Collateral
Electricity
Sep. 30, 2012
Fair Value, Measurements, Recurring
Netting and Collateral
Natural Gas
Dec. 31, 2011
Fair Value, Measurements, Recurring
Netting and Collateral
Natural Gas
Sep. 30, 2012
Fair Value, Measurements, Recurring
Netting and Collateral
Fuel Oil
Dec. 31, 2011
Fair Value, Measurements, Recurring
Netting and Collateral
Fuel Oil
Sep. 30, 2012
Fair Value, Measurements, Recurring
Netting and Collateral
Tolling
Dec. 31, 2011
Fair Value, Measurements, Recurring
Netting and Collateral
Tolling
Sep. 30, 2012
Fair Value, Measurements, Recurring
Netting and Collateral
Interest rate contracts
Dec. 31, 2011
Fair Value, Measurements, Recurring
Netting and Collateral
Interest rate contracts
Sep. 30, 2012
Fair Value, Measurements, Recurring
Netting and Collateral
Stocks
Dec. 31, 2011
Fair Value, Measurements, Recurring
Netting and Collateral
Stocks
Sep. 30, 2012
Fair Value, Measurements, Recurring
Netting and Collateral
Municipal bonds
Dec. 31, 2011
Fair Value, Measurements, Recurring
Netting and Collateral
Municipal bonds
Sep. 30, 2012
Fair Value, Measurements, Recurring
Netting and Collateral
U.S. government and agency securities
Dec. 31, 2011
Fair Value, Measurements, Recurring
Netting and Collateral
U.S. government and agency securities
Sep. 30, 2012
Fair Value, Measurements, Recurring
Netting and Collateral
Corporate bonds
Dec. 31, 2011
Fair Value, Measurements, Recurring
Netting and Collateral
Corporate bonds
Sep. 30, 2012
Fair Value, Measurements, Recurring
Netting and Collateral
Short-term investments, primarily cash equivalents
Dec. 31, 2011
Fair Value, Measurements, Recurring
Netting and Collateral
Short-term investments, primarily cash equivalents
Sep. 30, 2012
Fair Value, Measurements, Recurring
Total
Dec. 31, 2011
Fair Value, Measurements, Recurring
Total
Sep. 30, 2012
Fair Value, Measurements, Recurring
Total
Electricity
Dec. 31, 2011
Fair Value, Measurements, Recurring
Total
Electricity
Sep. 30, 2012
Fair Value, Measurements, Recurring
Total
Natural Gas
Dec. 31, 2011
Fair Value, Measurements, Recurring
Total
Natural Gas
Sep. 30, 2012
Fair Value, Measurements, Recurring
Total
Fuel Oil
Dec. 31, 2011
Fair Value, Measurements, Recurring
Total
Fuel Oil
Sep. 30, 2012
Fair Value, Measurements, Recurring
Total
Tolling
Dec. 31, 2011
Fair Value, Measurements, Recurring
Total
Tolling
Sep. 30, 2012
Fair Value, Measurements, Recurring
Total
Interest rate contracts
Dec. 31, 2011
Fair Value, Measurements, Recurring
Total
Interest rate contracts
Sep. 30, 2012
Fair Value, Measurements, Recurring
Total
Stocks
Dec. 31, 2011
Fair Value, Measurements, Recurring
Total
Stocks
Sep. 30, 2012
Fair Value, Measurements, Recurring
Total
Municipal bonds
Dec. 31, 2011
Fair Value, Measurements, Recurring
Total
Municipal bonds
Sep. 30, 2012
Fair Value, Measurements, Recurring
Total
U.S. government and agency securities
Dec. 31, 2011
Fair Value, Measurements, Recurring
Total
U.S. government and agency securities
Sep. 30, 2012
Fair Value, Measurements, Recurring
Total
Corporate bonds
Dec. 31, 2011
Fair Value, Measurements, Recurring
Total
Corporate bonds
Sep. 30, 2012
Fair Value, Measurements, Recurring
Total
Short-term investments, primarily cash equivalents
Dec. 31, 2011
Fair Value, Measurements, Recurring
Total
Short-term investments, primarily cash equivalents
Assets at Fair Value                                                                                                                                                                                                                                                                
Money market funds $ 933     $ 1,300                             $ 933 [1] $ 1,293 [1]                                         $ 0 [1] $ 0 [1]                                         $ 0 [1] $ 0 [1]                                         $ 0 [1],[2] $ 0 [1],[2]                                         $ 933 [1] $ 1,293 [1]                                        
Derivative contracts                                     3 8 0 0 1 4 2 4 0 0                         85 70 85 65 0 5 0 0 0 0                         152 228 148 218 0 0 0 0 4 10                         (47) [2] (69) [2] (44) [2] (58) [2] (1) [2] (7) [2] (2) [2] (4) [2] 0 [2] 0 [2]                         193 237 189 225 0 2 0 0 4 10                        
Long-term disability plan                                     8 8                                         0 0                                         0 0                                         0 [2] 0 [2]                                         8 8                                        
Nuclear decommissioning trusts 3,997 3,393 3,810 3,592 3,657 3,480 2,227 1,899 654 756 589 580 374 317         2,694 2,332                     2,227 [3] 1,899 [3] 0 0 467 433 0 [4] 0 [4] 0 [5] 0 1,295 1,235                     0 [3] 0 [3] 654 756 122 147 374 [4] 317 [4] 145 [5] 15 0 0                     0 [3] 0 [3] 0 0 0 0 0 [4] 0 [4] 0 [5] 0 0 [2] 0 [2]                     0 [2],[3] 0 [2],[3] 0 [2] 0 [2] 0 [2] 0 [2] 0 [2],[4] 0 [2],[4] 0 [2],[5] 0 [2] 3,989 3,567                     2,227 [3] 1,899 [3] 654 756 589 580 374 [4] 317 [4] 145 [5] 15
Total assets                             152   152   3,638 [6] 3,641 [6]                                         1,380 [6] 1,305 [6]                                         152 [6] 228 [6]                                         (47) [2],[6] (69) [2],[6]                                         5,123 [6] 5,105 [6]                                        
Liabilities at Fair Value                                                                                                                                                                                                                                                                
Derivative contracts                                     1 0 0 0 1 0     0 0 0 0                     123 244 8 10 115 234     0 0 125 90                     640 551 17 77 6 23     617 451 0 0                     (63) [2] (69) [2] (15) [2] (17) [2] (48) [2] (52) [2]     0 [2] 0 [2] 0 [2] 0 [2]                     701 726 10 70 74 205     617 451 125 90                    
Total liabilities                             640   640   1 0                                         248 334                                         640 551                                         (63) [2] (69) [2]                                         826 816                                        
Net assets (liabilities)                                     3,637 3,641                                         1,132 971                                         (488) (323)                                         16 [2] 0 [2]                                         4,297 4,289                                        
Percentage of equity investments located in the United States (as a percent) 67.00%     70.00%                                                                                                                                                                                                                                                        
Collateralized mortgage obligations and other asset backed securities 42     22                                                                                                                                                                                                                                                        
Receivables (payables) net related to investments 8     25                                                                                                                                                                                                                                                        
Cash surrender value of life insurance 70     81                                                                                                                                                                                                                                                        
Leveraged leases 77     118                                                                                                                                                                                                                                                        
Fair Value Disclosures Level 3                                                                                                                                                                                                                                                                
Fair value of net asset (liabilities) at beginning of period                             (343) (275) (323) 97                                                                                                                                                                                                                            
Total realized/unrealized gains (losses):                                                                                                                                                                                                                                                                
Included in earnings                             12 [7] (4) [7] 20 [7] 14 [7]                                                                                                                                                                                                                            
Included in regulatory assets and liabilities                             (124) [8],[9] 162 [8],[9] (140) [8],[9] (220) [8],[9]                                                                                                                                                                                                                            
Included in accumulated other comprehensive income                             (1) [10] 1 [10] 1 [10] (2) [10]                                                                                                                                                                                                                            
Purchases                             41 24 111 51                                                                                                                                                                                                                            
Settlements                             (73) (8) (106) (38)                                                                                                                                                                                                                            
Transfers into Level 3                             0 0 0 0                                                                                                                                                                                                                            
Transfers out of Level 3                             0 [11] 0 [11] (51) [11] (2) [11]                                                                                                                                                                                                                            
Fair value of net liabilities at end of period                             (488) (100) (488) (100)                                                                                                                                                                                                                            
Change during the period in unrealized losses related to assets and liabilities held at the end of the period                             (173) [12] (110) [12] (181) [12] (425) [12]                                                                                                                                                                                                                            
Unrealized gain (loss) related to Level 3 financial instruments reported within competitive power generation revenue $ (7) $ 7                                                                                                                                                                                                                                                            
[1] Money market funds are included in cash and cash equivalents and restricted cash and cash equivalents on Edison International's consolidated balance sheets.
[2] Represents the netting of assets and liabilities under master netting agreements and cash collateral across the levels of the fair value hierarchy. Netting among positions classified within the same level is included in that level.
[3] Approximately 67% and 70% of the equity investments were located in the United States at September 30, 2012 and December 31, 2011, respectively.
[4] At September 30, 2012 and December 31, 2011, corporate bonds were diversified and included collateralized mortgage obligations and other asset backed securities of $42 million and $22 million, respectively.
[5] Excludes net receivables of $8 million and $25 million at September 30, 2012 and December 31, 2011, respectively, of interest and dividend receivables as well as receivables and payables related to pending securities sales and purchases.
[6] Excludes other investments of $70 million and $81 million at September 30, 2012 and December 31, 2011, respectively, primarily related to the cash surrender value of company owned life insurance investments which are used to fund certain executive benefits including deferred compensation. Also excludes other investments of $77 million and $118 million at September 30, 2012 and December 31, 2011, respectively, primarily related to leveraged leases.
[7] Reported in "Competitive power generation" revenue on Edison International's consolidated statements of income.
[8] Includes the elimination of the fair value of derivatives with SCE's consolidated affiliates.
[9] Due to regulatory mechanisms, SCE's realized and unrealized gains and losses are recorded as regulatory assets and liabilities.
[10] Included in reclassification adjustments in Edison International's consolidated statements of other comprehensive income.
[11] Transfers out of Level 3 into Level 2 occurred due to significant observable inputs becoming available as the transactions near maturity.
[12] Amounts reported in "Competitive power generation" revenue on Edison International's consolidated statements of income was a loss of $7 million for three months ended September 30, 2012, and a gain of $7 million for the nine months ended September 30, 2011. The remainder of the unrealized losses relate to SCE. See 2 above.