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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Cash Equivalents
The cash equivalents were as follows:
 
 
Edison International
 
SCE
(in millions)
 
June 30,
2016
 
December 31, 2015
 
June 30,
2016
 
December 31, 2015
Money market funds
 
$
36

 
$
37

 
$
4

 
$
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)
 
June 30,
2016
 
December 31, 2015
 
June 30,
2016
 
December 31, 2015
Book balances reclassified to accounts payable
 
$
99

 
$
162

 
$
99

 
$
158


EPS Attributable to Edison International Common Shareholders
EPS attributable to Edison International common shareholders was computed as follows:
 
 
Three months ended June 30,
 
Six months ended June 30,
(in millions, except per-share amounts)
 
2016
 
2015
 
2016
 
2015
Basic earnings per share – continuing operations:
 
 
 
 
 
 
 
 
Income from continuing operations attributable to common shareholders
 
$
278

 
$
379

 
$
547

 
$
678

Participating securities dividends
 

 

 

 

Income from continuing operations available to common shareholders
 
$
278

 
$
379

 
$
547

 
$
678

Weighted average common shares outstanding
 
326

 
326

 
326

 
326

Basic earnings per share – continuing operations
 
$
0.86

 
$
1.16

 
$
1.68

 
$
2.08

Diluted earnings per share – continuing operations:
 
 
 
 
 
 
 
 
Income from continuing operations available to common shareholders
 
$
278

 
$
379

 
$
547

 
$
678

Income impact of assumed conversions
 

 

 

 

Income from continuing operations available to common shareholders and assumed conversions
 
$
278

 
$
379

 
$
547

 
$
678

Weighted average common shares outstanding
 
326

 
326

 
326

 
326

Incremental shares from assumed conversions
 
3

 
2

 
3

 
3

Adjusted weighted average shares – diluted
 
329

 
328

 
329

 
329

Diluted earnings per share – continuing operations
 
$
0.85

 
$
1.15

 
$
1.66

 
$
2.06