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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2015
Accounting Policies [Abstract]  
Cash Equivalents
The cash equivalents were as follows:
 
 
Edison International
 
SCE
(in millions)
 
September 30,
2015
 
December 31, 2014
 
September 30,
2015
 
December 31, 2014
Money market funds
 
$
35

 
$
35

 
$
5

 
$
5

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)
 
September 30,
2015
 
December 31, 2014
 
September 30,
2015
 
December 31, 2014
Book balances reclassified to accounts payable
 
$
187

 
$
180

 
$
187

 
$
177

EPS Attributable to Edison International Common Shareholders
EPS attributable to Edison International common shareholders was computed as follows:
 
 
Three months ended September 30,
 
Nine months ended September 30,
(in millions, except per-share amounts)
 
2015
 
2014
 
2015
 
2014
Basic earnings per share – continuing operations:
 
 
 
 
 
 
 
 
Income from continuing operations attributable to common shareholders
 
$
378

 
$
496

 
$
1,056

 
$
1,046

Participating securities dividends
 

 

 
(1
)
 

Income from continuing operations available to common shareholders
 
$
378

 
$
496

 
$
1,055

 
$
1,046

Weighted average common shares outstanding
 
326

 
326

 
326

 
326

Basic earnings per share – continuing operations
 
$
1.16

 
$
1.52

 
$
3.24

 
$
3.21

Diluted earnings per share – continuing operations:
 
 
 
 
 
 
 
 
Income from continuing operations available to common shareholders
 
$
378

 
$
496

 
$
1,055

 
$
1,046

Income impact of assumed conversions
 

 

 
1

 
1

Income from continuing operations available to common shareholders and assumed conversions
 
$
378

 
$
496

 
$
1,056

 
$
1,047

Weighted average common shares outstanding
 
326

 
326

 
326

 
326

Incremental shares from assumed conversions
 
2

 
3

 
3

 
3

Adjusted weighted average shares – diluted
 
328

 
329

 
329

 
329

Diluted earnings per share – continuing operations
 
$
1.15

 
$
1.51

 
$
3.21

 
$
3.18