Compensation and Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2013

The following table provides a summary of changes in the accrued severance liability associated with these reductions:



(in millions)
Balance at January 1, 2013	$	104
Additions	109
Payments	(88		)
Balance at June 30, 2013	$	125

Pension Plans

Pension and Other Postretirement Benefits

Expense Components for Plans

Expense components for continuing operations are:



	Three months ended June 30,						Six months ended June 30,
(in millions)	2013			2012			2013			2012
Edison International:
Service cost	$	38		$	39		$	76		$	77
Interest cost	42			45			84			91
Expected return on plan assets	(57		)	(55		)	(114		)	(111		)
Settlement costs	49			—			49			—
Amortization of prior service cost	1			1			2			2
Amortization of net loss¹	15			16			30			33
Expense under accounting standards	$	88		$	46		$	127		$	92
Regulatory adjustment (deferred)	(31		)	27			(14		)	54
Total expense recognized	$	57		$	73		$	113		$	146
SCE:
Service cost	$	37		$	37		$	74		$	74
Interest cost	41			45			82			90
Expected return on plan assets	(57		)	(55		)	(114		)	(110		)
Settlement costs	48			—			48			—
Amortization of prior service cost	1			1			2			2
Amortization of net loss¹	14			15			28			30
Expense under accounting standards	$	84		$	43		$	120		$	86
Regulatory adjustment (deferred)	(31		)	27			(14		)	54
Total expense recognized	$	53		$	70		$	106		$	140


¹	Includes the amount of net loss reclassified from other comprehensive loss. The amount reclassified for Edison International and SCE was $4 million and $3 million for the three months ended June 30, 2013, respectively, and $7 million and $5 million for the six months ended June 30, 2013, respectively.

Postretirement Benefits Other Than Pensions

Pension and Other Postretirement Benefits

Expense Components for Plans

Expense components for continuing operations are:



	Three months ended June 30,						Six months ended June 30,
(in millions)	2013			2012			2013			2012
Edison International:
Service cost	$	14		$	12		$	28		$	24
Interest cost	26			29			52			57
Expected return on plan assets	(30		)	(27		)	(60		)	(54		)
Special termination benefits¹	10			—			10			—
Amortization of prior service credit	(9		)	(9		)	(18		)	(18		)
Amortization of net loss²	7			11			14			23
Total expense	$	18		$	16		$	26		$	32
SCE:
Service cost	$	14		$	12		$	27		$	24
Interest cost	26			28			52			56
Expected return on plan assets	(30		)	(27		)	(60		)	(54		)
Special termination benefits¹	10			—			10			—
Amortization of prior service credit	(9		)	(9		)	(18		)	(18		)
Amortization of net loss²	7			11			14			22
Total expense	$	18		$	15		$	25		$	30


¹	Due to the reduction in workforce, SCE has incurred costs for extended retiree health care coverage.


²	Includes the amount of net loss reclassified from other comprehensive loss. The amount reclassified for Edison International and SCE was less than $1 million and zero for the three- and six-months ended June 30, 2013, respectively.

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

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