Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Cash Equivalents

The cash equivalents were as follows:

	Edison International				SCE
(in millions)	March 31, 2020		December 31, 2019		March 31, 2020		December 31, 2019
Money market funds	$	1,305	$	31	$	427	$	—

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)	March 31, 2020		December 31, 2019		March 31, 2020		December 31, 2019
Book balances reclassified to accounts payable	$	60	$	75	$	60	$	74

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)	March 31, 2020		December 31, 2019
Edison International:
Cash and cash equivalents	$	1,337	$	68
Short-term restricted cash1	1		2
Total cash, cash equivalents, and restricted cash	$	1,338	$	70
SCE:
Cash and cash equivalents	$	451	$	24
Short-term restricted cash1	1		—
Total cash, cash equivalents, and restricted cash	$	452	$	24

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 March 31,
(in millions, except per-share amounts)	2020		2019
Basic earnings per share:
Net income attributable to common shareholders	$	183	$	278
Participating securities dividends	—		—
Net income available to common shareholders	$	183	$	278
Weighted average common shares outstanding	363		326
Basic earnings per share	$	0.50	$	0.85
Diluted earnings per share:
Net income attributable to common shareholders	$	183	$	278
Participating securities dividends	—		—
Net income available to common shareholders	$	183	$	278
Income impact of assumed conversions	—		—
Net income available to common shareholders and assumed conversions	$	183	$	278
Weighted average common shares outstanding	363		326
Incremental shares from assumed conversions	1		1
Adjusted weighted average shares – diluted	364		327
Diluted earnings per share	$	0.50	$	0.85