Compensation and Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2016

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)	2016			2015			2016			2015
Edison International:
Service cost	$	39		$	35		$	78		$	70
Interest cost	44			42			88			83
Expected return on plan assets	(56		)	(57		)	(112		)	(114		)
Amortization of prior service cost	1			1			2			2
Amortization of net loss1	9			9			18			18
Expense under accounting standards	$	37		$	30		$	74		$	59
Regulatory adjustment	(9		)	(1		)	(18		)	(2		)
Total expense recognized	$	28		$	29		$	56		$	57
SCE:
Service cost	$	38		$	34		$	76		$	69
Interest cost	41			37			82			75
Expected return on plan assets	(53		)	(54		)	(106		)	(107		)
Amortization of prior service cost	1			2			2			3
Amortization of net loss1	8			8			16			15
Expense under accounting standards	$	35		$	27		$	70		$	55
Regulatory adjustment	(9		)	(1		)	(18		)	(2		)
Total expense recognized	$	26		$	26		$	52		$	53

¹  Includes the amount of net loss reclassified from other comprehensive loss. The amount reclassified for Edison International and SCE was $3 million and $1 million, respectively, for the three months ended June 30, 2016, and $6 million and $3 million, respectively, for the six months ended June 30, 2016. The amount reclassified for Edison International and SCE was $4 million and $2 million, respectively, for the three months ended June 30, 2015 and $7 million and $4 million, respectively, for the six months ended June 30, 2015.

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)	2016			2015			2016			2015
Edison International:
Service cost	$	10		$	12		$	20		$	24
Interest cost	26			28			52			57
Expected return on plan assets	(28		)	(29		)	(56		)	(57		)
Amortization of prior service cost	(1		)	(3		)	(2		)	(6		)
Amortization of net loss	—			6			—			12
Total expense	$	7		$	14		$	14		$	30
SCE:
Service cost	$	10		$	12		$	20		$	24
Interest cost	26			28			52			56
Expected return on plan assets	(28		)	(28		)	(56		)	(56		)
Amortization of prior service cost	(1		)	(3		)	(2		)	(6		)
Amortization of net loss	—			5			—			11
Total expense	$	7		$	14		$	14		$	29

Southern California Edison

Pension and Other Postretirement Benefits

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, 2016	$	22
Additions	13
Payments	(23		)
Balance at June 30, 2016	$	12