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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
Cash Equivalents
The cash equivalents were as follows:
 
 
Edison International
 
SCE
(in millions)
 
March 31,
2016
 
December 31, 2015
 
March 31,
2016
 
December 31, 2015
Money market funds
 
$
36

 
$
37

 
$
7

 
$
8


Cash is temporarily invested until required for check clearing. 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,
2016
 
December 31, 2015
 
March 31,
2016
 
December 31, 2015
Book balances reclassified to accounts payable
 
$
102

 
$
162

 
$
102

 
$
158

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, except per-share amounts)
 
2016
 
2015
Basic earnings per share – continuing operations:
 
 
 
 
Income from continuing operations attributable to common shareholders
 
$
270

 
$
299

Participating securities dividends
 

 

Income from continuing operations available to common shareholders
 
$
270

 
$
299

Weighted average common shares outstanding
 
326

 
326

Basic earnings per share – continuing operations
 
$
0.83

 
$
0.92

Diluted earnings per share – continuing operations:
 
 
 
 
Income from continuing operations available to common shareholders
 
$
270

 
$
299

Income impact of assumed conversions
 

 

Income from continuing operations available to common shareholders and assumed conversions
 
$
270

 
$
299

Weighted average common shares outstanding
 
326

 
326

Incremental shares from assumed conversions
 
2

 
3

Adjusted weighted average shares – diluted
 
328

 
329

Diluted earnings per share – continuing operations
 
$
0.82

 
$
0.91