XML 52 R32.htm IDEA: XBRL DOCUMENT v2.4.0.8
Compensation and Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2014
Pension Plans
  
Pension and Other Postretirement Benefits  
Expense Components for Plans
Pension expense components for continuing operations are:
 
Three months ended June 30,
 
Six months ended June 30,
(in millions)
2014
 
2013
 
2014
 
2013
Edison International:
 
 
 
 
 
 
 
Service cost
$
29

 
$
38

 
$
59

 
$
76

Interest cost
48

 
42

 
93

 
84

Expected return on plan assets
(60
)
 
(57
)
 
(117
)
 
(114
)
Settlement costs1
—

 
49

 
—

 
49

Amortization of prior service cost
2

 
1

 
3

 
2

Amortization of net loss2
1

 
15

 
2

 
30

Expense under accounting standards
$
20

 
$
88

 
$
40

 
$
127

Regulatory adjustment (deferred)
30

 
(31
)
 
61

 
(14
)
Total expense recognized
$
50

 
$
57

 
$
101

 
$
113

SCE:
 
 
 
 
 
 
 
Service cost
$
29

 
$
37

 
$
58

 
$
74

Interest cost
44

 
41

 
88

 
82

Expected return on plan assets
(56
)
 
(57
)
 
(112
)
 
(114
)
Settlement costs1
—

 
48

 
—

 
48

Amortization of prior service cost
1

 
1

 
2

 
2

Amortization of net loss2
1

 
14

 
1

 
28

Expense under accounting standards
$
19

 
$
84

 
$
37

 
$
120

Regulatory adjustment (deferred)
30

 
(31
)
 
61

 
(14
)
Total expense recognized
$
49

 
$
53

 
$
98

 
$
106


1 
Relates to lump-sum payments made to employees who retired in 2013 from the SCE Retirement Plan (primarily due to workforce reductions described below).
2 
Includes the amount of net loss reclassified from other comprehensive loss. The amount reclassified for Edison International and SCE was $1 million and $1 million, respectively, for the three months ended June 30, 2014, and $3 million and $2 million, respectively, for the six months ended June 30, 2014. The amount reclassified for Edison International and SCE was $4 million and $3 million, respectively, for the three months ended June 30, 2013, and $7 million and $5 million, respectively, for the six months ended June 30, 2013.
Postretirement Benefits Other Than Pensions
  
Pension and Other Postretirement Benefits  
Expense Components for Plans
PBOP expense components for continuing operations are:
 
Three months ended June 30,
 
Six months ended June 30,
(in millions)
2014
 
2013
 
2014
 
2013
Edison International:
 
 
 
 
 
 
 
Service cost
$
11

 
$
14

 
$
22

 
$
28

Interest cost
27

 
26

 
54

 
52

Expected return on plan assets
(28
)
 
(30
)
 
(56
)
 
(60
)
Special termination benefits1
—

 
10

 
—

 
10

Amortization of prior service credit
(9
)
 
(9
)
 
(18
)
 
(18
)
Amortization of net loss
—

 
7

 
—

 
14

Total expense
$
1

 
$
18

 
$
2

 
$
26

SCE:
 
 
 
 
 
 
 
Service cost
$
11

 
$
14

 
$
22

 
$
27

Interest cost
27

 
26

 
54

 
52

Expected return on plan assets
(28
)
 
(30
)
 
(56
)
 
(60
)
Special termination benefits1
—

 
10

 
—

 
10

Amortization of prior service credit
(9
)
 
(9
)
 
(18
)
 
(18
)
Amortization of net loss
—

 
7

 
—

 
14

Total expense
$
1

 
$
18

 
$
2

 
$
25


1 
Due to the reduction in workforce, SCE has incurred costs for extended retiree health care coverage.
Southern California Edison
  
Workforce Reductions [Abstract]  
Workforce reductions
The following table provides a summary of changes in the accrued severance liability associated with these reductions:
(in millions)
 
 
Balance at January 1, 2014
 
$
54

Additions
 
9

Payments
 
(13
)
Balance at June 30, 2014
 
$
50