Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

The cash equivalents were as follows:



	Edison International				SCE
(in millions)	September 30, 2019		December 31, 2018		September 30, 2019		December 31, 2018
Money market funds	$	493	$	116	$	41	$	1

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)	September 30, 2019		December 31, 2018		September 30, 2019		December 31, 2018
Book balances reclassified to accounts payable	$	63	$	65	$	61	$	65

Cash, Cash Equivalents and Restricted Cash

The following table sets forth the cash, cash equivalents and restricted cash included in the consolidated statements of cash flows:



(in millions)	September 30, 2019		December 31, 2018
Edison International:
Cash and cash equivalents	$	547	$	144
Short-term restricted cash¹	1		8
Total cash, cash equivalents, and restricted cash	$	548	$	152
SCE:
Cash and cash equivalents	$	86	$	21
Short-term restricted cash¹	—		1
Total cash, cash equivalents, and restricted cash	$	86	$	22


¹	Reflected in "Other current assets" on Edison International's and SCE's consolidated balance sheets.

EPS Attributable to Edison International Common Shareholders

EPS attributable to Edison International common shareholders was computed as follows:



	Three months ended September 30,				Nine months ended September 30,
(in millions, except per-share amounts)	2019		2018		2019		2018
Basic earnings per share:
Net income attributable to common shareholders	$	471	$	513	$	1,141	$	1,007
Participating securities dividends	—		—		—		—
Net income available to common shareholders	$	471	$	513	$	1,141	$	1,007
Weighted average common shares outstanding	347		326		333		326
Basic earnings per share	$	1.36	$	1.57	$	3.43	$	3.09
Diluted earnings per share:
Net income attributable to common shareholders	$	471	$	513	$	1,141	$	1,007
Participating securities dividends	—		—		—		—
Net income available to common shareholders	$	471	$	513	$	1,141	$	1,007
Income impact of assumed conversions	—		—		—		—
Net income available to common shareholders and assumed conversions	$	471	$	513	$	1,141	$	1,007
Weighted average common shares outstanding	347		326		333		326
Incremental shares from assumed conversions	2		1		1		1
Adjusted weighted average shares – diluted	349		327		334		327
Diluted earnings per share	$	1.35	$	1.57	$	3.42	$	3.08