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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2014
Accounting Policies [Abstract]  
Cash Equivalents
The cash equivalents were as follows:
 
 
Edison International
 
SCE
(in millions)
 
March 31,
2014
 
December 31, 2013
 
March 31,
2014
 
December 31, 2013
Money market funds
 
$
67

 
$
68

 
$
6

 
$
8

Checks issued, but not yet paid by the financial institution, are reclassified from cash to accounts payable at the end of each reporting period as follows:
 
 
Edison International
 
SCE
(in millions)
 
March 31,
2014
 
December 31, 2013
 
March 31,
2014
 
December 31, 2013
Cash reclassified to accounts payable
 
$
149

 
$
168

 
$
148

 
$
163

EPS Attributable to Edison International Common Shareholders
EPS attributable to Edison International common shareholders was computed as follows:
 
 
Three months ended March 31,
(in millions)
 
2014
 
2013
Basic earnings per share – continuing operations:
 
 
 
 
Income from continuing operations available to common shareholders
 
$
198

 
$
259

Weighted average common shares outstanding
 
326

 
326

Basic earnings per share – continuing operations
 
$
0.61

 
$
0.79

Diluted earnings per share – continuing operations:
 
 
 
 
Income from continuing operations available to common shareholders
 
$
198

 
$
259

Income impact of assumed conversions
 

 

Income from continuing operations available to common shareholders and assumed conversions
 
$
198

 
$
259

Weighted average common shares outstanding
 
326

 
326

Incremental shares from assumed conversions
 
3

 
3

Adjusted weighted average shares – diluted
 
329

 
329

Diluted earnings per share – continuing operations
 
$
0.61

 
$
0.78