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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2019
Income Tax Disclosure [Abstract]  
Reconciliation of Income Tax Expense
The table below provides a reconciliation of income tax expense computed at the federal statutory income tax rate to the income tax provision:
 
Edison International
 
SCE
 
Three months ended March 31,
(in millions)
2019
 
2018
 
2019
 
2018
Income from continuing operations before income taxes
$
196

 
$
211

 
$
218

 
$
310

Provision for income tax at federal statutory rate of 21% 
41

 
44

 
46

 
65

Increase in income tax from:
 

 
 
 
 

 
 
State tax, net of federal benefit
(7
)
 
(5
)
 
(5
)
 
1

Property-related
(69
)
 
(69
)
 
(69
)
 
(69
)
Shared-based compensation1
(2
)
 

 
(2
)
 

Deferred tax re-measurement2
(69
)
 

 
(69
)
 

Other
(6
)
 
(1
)
 
(6
)
 
(3
)
Total income tax benefit from continuing operations
$
(112
)
 
$
(31
)
 
$
(105
)
 
$
(6
)
Effective tax rate
(57.1
)%
 
(14.7
)%
 
(48.2
)%
 
(1.9
)%

1
Includes state taxes of $1 million for the three months ended March 31, 2019 for both Edison International and SCE.
2
Relates to changes in the allocation of deferred tax re-measurement between customers and shareholders as a result of a CPUC resolution issued in February 2019. The resolution determined that customers are only entitled to excess deferred taxes which were included when setting rates, while other deferred tax re-measurement belongs to the shareholders.