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Consolidated Statements of Changes in Equity
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Consolidated Statements of Changes in Equity
Consolidated Statements of Changes in Equity
The following table provides Edison International's changes in equity for the six months ended June 30, 2018:
 
Equity Attributable to Common Shareholders
 
Noncontrolling Interests
 
 
(in millions, except per-share amounts)
Common
Stock
 
Accumulated
Other
Comprehensive Loss
 
Retained
Earnings
 
Subtotal
 
Other
Preferred
and
Preference
Stock
 
Total
Equity
Balance at December 31, 2017
$
2,526

 
$
(43
)
 
$
9,188

 
$
11,671

 
$
2

$
2,193

 
$
13,866

Net income

 

 
494

 
494

 
(11
)
60

 
543

Other comprehensive income

 
4

 

 
4

 


 
4

Cumulative effect of accounting changes1

 
(5
)
 
10

 
5

 


 
5

Contributions from tax equity investor

 

 

 

 
24


 
24

Common stock dividends declared ($1.2100 per share)

 

 
(394
)
 
(394
)
 


 
(394
)
Dividends to noncontrolling interests

 

 

 

 

(60
)
 
(60
)
Stock-based compensation

 

 
(12
)
 
(12
)
 


 
(12
)
Noncash stock-based compensation
11

 

 

 
11

 


 
11

Deconsolidation of SoCore Energy

 

 

 

 
(15
)

 
(15
)
Balance at June 30, 2018
$
2,537

 
$
(44
)
 
$
9,286

 
$
11,779

 
$

$
2,193

 
$
13,972


1
Edison International recognized cumulative effect adjustments to the opening balance of retained earnings and accumulated other comprehensive loss on January 1, 2018 related to the adoption of the accounting standards updates on revenue recognition and measurement of financial instruments.
The following table provides Edison International's changes in equity for the six months ended June 30, 2017:
 
Equity Attributable to Common Shareholders
 
Noncontrolling Interests
 
 
(in millions, except per-share amounts)
Common
Stock
 
Accumulated
Other
Comprehensive Loss
 
Retained
Earnings
 
Subtotal
 
Preferred
and
Preference
Stock
 
Total
Equity
Balance at December 31, 2016
$
2,505

 
$
(53
)
 
$
9,544

 
$
11,996

 
$
2,191

 
$
14,187

Net income

 

 
640

 
640

 
62

 
702

Other comprehensive income

 
5

 

 
5

 

 
5

Common stock dividends declared ($1.0850 per share)

 

 
(354
)
 
(354
)
 

 
(354
)
Dividends to noncontrolling interests

 

 

 

 
(62
)
 
(62
)
Stock-based compensation

 

 
(151
)
 
(151
)
 

 
(151
)
Noncash stock-based compensation
10

 

 

 
10

 

 
10

Issuance of preference stock

 

 

 

 
463

 
463

Balance at June 30, 2017
$
2,515

 
$
(48
)
 
$
9,679

 
$
12,146

 
$
2,654

 
$
14,800


The following table provides SCE's changes in equity for the six months ended June 30, 2018:
 
Equity Attributable to Edison International
 
 
 
 
(in millions)
Common
Stock
 
Additional
Paid-in
Capital
 
Accumulated
Other
Comprehensive Loss
 
Retained
Earnings
 
Preferred
and
Preference
Stock
 
Total
Equity
Balance at December 31, 2017
$
2,168

 
$
671

 
$
(19
)
 
$
9,607

 
$
2,245

 
$
14,672

Net income

 

 

 
643

 

 
643

Other comprehensive income

 

 
3

 

 

 
3

Cumulative effect of accounting change1

 

 
(5
)
 
5

 

 

Dividends declared on common stock

 

 

 
(312
)
 

 
(312
)
Dividends declared on preferred and preference stock

 

 

 
(60
)
 

 
(60
)
Stock-based compensation

 

 

 
(5
)
 

 
(5
)
Noncash stock-based compensation

 
5

 

 

 

 
5

Balance at June 30, 2018
$
2,168

 
$
676

 
$
(21
)
 
$
9,878

 
$
2,245

 
$
14,946

1 
SCE recognized a cumulative effect adjustment to the opening balance of retained earnings and accumulated other comprehensive loss on January 1, 2018 related to the adoption of the accounting standards update on measurement of financial instruments.
The following table provides SCE's changes in equity for the six months ended June 30, 2017:
 
Equity Attributable to Edison International
 
 
 
 
(in millions)
Common
Stock
 
Additional
Paid-in
Capital
 
Accumulated
Other
Comprehensive
Loss
 
Retained
Earnings
 
Preferred
and
Preference
Stock
 
Total
Equity
Balance at December 31, 2016
$
2,168

 
$
657

 
$
(20
)
 
$
9,433

 
$
2,245

 
$
14,483

Net income

 

 

 
718

 

 
718

Other comprehensive income

 

 
2

 

 

 
2

Dividends declared on common stock

 

 

 
(382
)
 

 
(382
)
Dividends declared on preferred and preference stock

 

 

 
(62
)
 

 
(62
)
Stock-based compensation

 

 

 
(33
)
 

 
(33
)
Noncash stock-based compensation

 
6

 

 

 

 
6

Issuance of preference stock

 
(12
)
 

 

 
475

 
463

Balance at June 30, 2017
$
2,168

 
$
651

 
$
(18
)
 
$
9,674

 
$
2,720

 
$
15,195