XML 100 R80.htm IDEA: XBRL DOCUMENT v3.3.1.900
Compensation and Benefit Plans (Pension Plan Assets - Fair Value Levels) (Details) - Pension Plans - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross $ 3,368 $ 3,459  
Receivables and payables, net (70) (5)  
Fair Value of Plan Assets 3,298 3,454 $ 3,477
Level 1      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross 971 984  
Level 2      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross 2,183 2,186  
Level 3      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross 214 289  
Fair Value of Plan Assets 214 289 390
U.S. government and agency securities      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [1] 425 469  
U.S. government and agency securities | Level 1      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [1] 127 140  
U.S. government and agency securities | Level 2      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [1] 298 329  
U.S. government and agency securities | Level 3      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [1] 0 0  
Corporate stocks      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [2] 736 730  
Corporate stocks | Level 1      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [2] 720 716  
Corporate stocks | Level 2      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [2] 16 14  
Corporate stocks | Level 3      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [2] 0 0  
Corporate bonds      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [3] 755 801  
Corporate bonds | Level 1      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [3] 0 0  
Corporate bonds | Level 2      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [3] 755 801  
Corporate bonds | Level 3      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [3] 0 0  
Common/collective funds      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [4] 640 524  
Common/collective funds | Level 1      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [4] 0 0  
Common/collective funds | Level 2      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [4] 640 524  
Common/collective funds | Level 3      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [4] 0 0  
Partnerships/joint ventures      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [5] 325 399  
Partnerships/joint ventures | Level 1      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [5] 0 0  
Partnerships/joint ventures | Level 2      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [5] 111 110  
Partnerships/joint ventures | Level 3      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [5] 214 289  
Other investment entities      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [6] 263 278  
Other investment entities | Level 1      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [6] 0 0  
Other investment entities | Level 2      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [6] 263 278  
Other investment entities | Level 3      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [6] 0 0  
Registered investment companies      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [7] 121 143  
Registered investment companies | Level 1      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [7] 117 113  
Registered investment companies | Level 2      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [7] 4 30  
Registered investment companies | Level 3      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross [7] 0 0  
Interest-bearing cash      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross 6 10  
Interest-bearing cash | Level 1      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross 6 10  
Interest-bearing cash | Level 2      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross 0 0  
Interest-bearing cash | Level 3      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross 0 0  
Other      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross 97 105  
Other | Level 1      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross 1 5  
Other | Level 2      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross 96 100  
Other | Level 3      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross $ 0 $ 0  
Asset backed securities including distressed mortgages | Level 3      
Pension and Other Postretirement Benefits      
Actual plan asset allocations, percentage 22.00% 55.00%  
Non-index fund      
Pension and Other Postretirement Benefits      
Performance percentage benchmark, percentage 22.00% 27.00%  
Collateralized mortgage obligations and other asset backed securities      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets, Gross $ 123 $ 102  
Defined Benefit Plan, Fair Value of Plan Assets below Investment Grade $ 25 $ 15  
Private Equity Funds Including Branded Consumer Products, Clean Technology and California Geographic Focus Companies | Level 3      
Pension and Other Postretirement Benefits      
Actual plan asset allocations, percentage 78.00% 45.00%  
Russell 200 and Russell 1000 indexes | Corporate stocks      
Pension and Other Postretirement Benefits      
Performance percentage benchmark, percentage 59.00%    
Russell 200 and Russell 1000 indexes | Undervalued Securities      
Pension and Other Postretirement Benefits      
Performance percentage benchmark, percentage 14.00% 18.00%  
Morgan Stanley Capital International | Corporate stocks      
Pension and Other Postretirement Benefits      
Performance percentage benchmark, percentage 41.00%    
Standard And Poors 500 Index | Equity index fund      
Pension and Other Postretirement Benefits      
Performance percentage benchmark, percentage 46.00% 32.00%  
Morgan Stanley Capital International Europe Australasia And Far East Index | Equity index fund      
Pension and Other Postretirement Benefits      
Performance percentage benchmark, percentage 16.00% 20.00%  
Southern California Edison      
Pension and Other Postretirement Benefits      
Fair Value of Plan Assets $ 3,080 $ 3,217 $ 3,236
[1] Level 1 U.S. government and agency securities are U.S. treasury bonds and notes. Level 2 primarily relates to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation.
[2] Corporate stocks are diversified. For both 2015 and 2014, performance for actively managed separate accounts is primarily benchmarked against the Russell Indexes (59%) and Morgan Stanley Capital International (MSCI) index (41%).
[3] Corporate bonds are diversified. At December 31, 2015 and 2014, respectively, this category includes $123 million and $102 million for collateralized mortgage obligations and other asset backed securities of which $25 million and $15 million are below investment grade.
[4] At December 31, 2015 and 2014, respectively, the common/collective assets were invested in equity index funds that seek to track performance of the Standard and Poor's (S&P 500) Index (46% and 32%), Russell 1000 indexes (14% and 18%) and the MSCI Europe, Australasia and Far East (EAFE) Index (16% and 20%). A non-index U.S. equity fund representing 22% and 27% of this category for 2015 and 2014, respectively, is actively managed.
[5] Partnerships/joint venture Level 2 investments consist primarily of a partnership which invests in publicly traded fixed income securities. At December 31, 2015 and 2014, respectively, 22% and 55% of the Level 3 partnerships are invested in (1) asset backed securities, including distressed mortgages and (2) commercial and residential loans and debt and equity of banks. At December 31, 2015 and 2014, respectively, 78% and 45% of the Level 3 partnerships are invested in private equity funds with investment strategies that include branded consumer products, clean technology and California geographic focus companies.
[6] Other investment entities were primarily invested in (1) emerging market equity securities, (2) a hedge fund that invests through liquid instruments in a global diversified portfolio of equity, fixed income, interest rate, foreign currency and commodities markets, and (3) domestic mortgage backed securities.
[7] Level 1 of registered investment companies primarily consisted of a global equity mutual fund which seeks to outperform the MSCI World Total Return Index. Level 2 primarily consisted of a short-term bond fund.