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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
Cash Equivalents
The cash equivalents were as follows:
 
 
Edison International
 
SCE
(in millions)
 
June 30,
2017
 
December 31, 2016
 
June 30,
2017
 
December 31, 2016
Money market funds
 
$
41

 
$
41

 
$
18

 
$
18


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,
2017
 
December 31, 2016
 
June 30,
2017
 
December 31, 2016
Book balances reclassified to accounts payable
 
$
54

 
$
138

 
$
54

 
$
136



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)
 
2017
 
2016
 
2017
 
2016
Basic earnings per share – continuing operations:
 
 
 
 
 
 
 
 
Income from continuing operations attributable to common shareholders
 
$
278

 
$
282

 
$
640

 
$
562

Participating securities dividends
 

 

 

 

Income from continuing operations available to common shareholders
 
$
278

 
$
282

 
$
640

 
$
562

Weighted average common shares outstanding
 
326

 
326

 
326

 
326

Basic earnings per share – continuing operations
 
$
0.85

 
$
0.87

 
$
1.96

 
$
1.72

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

 
$
282

 
$
640

 
$
562

Participating securities dividends
 

 

 

 

Income from continuing operations available to common shareholders
 
$
278

 
$
282

 
$
640

 
$
562

Income impact of assumed conversions
 

 

 

 

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

 
$
282

 
$
640

 
$
562

Weighted average common shares outstanding
 
326

 
326

 
326

 
326

Incremental shares from assumed conversions
 
3

 
4

 
3

 
4

Adjusted weighted average shares – diluted
 
329

 
330

 
329

 
330

Diluted earnings per share – continuing operations
 
$
0.85

 
$
0.86

 
$
1.95

 
$
1.70