Compensation and Benefit Plans

6 Months Ended

Jun. 30, 2020

Retirement Benefits [Abstract]

Compensation and Benefit Plans

Compensation and Benefit Plans

Pension Plans

Net periodic pension expense components are:

	Three months ended June 30,				Six months ended June 30,
(in millions)	2020		2019		2020		2019
Edison International:
Service cost	$	31	$	32	$	62	$	64
Non-service cost (benefit)
Interest cost	30		39		61		78
Expected return on plan assets	(54)		(52)		(108)		(104)
Amortization of prior service cost	1		1		1		1
Amortization of net loss1	3		2		6		4
Regulatory adjustment	2		(4)		4		(8)
Total non-service benefit2	$	(18)	$	(14)	$	(36)	$	(29)
Total expense recognized	$	13	$	18	$	26	$	35
SCE:
Service cost	$	30	$	31	$	60	$	62
Non-service cost (benefit)
Interest cost	28		36		56		71
Expected return on plan assets	(51)		(49)		(102)		(98)
Amortization of prior service cost	1		1		1		1
Amortization of net loss1	2		2		4		3
Regulatory adjustment	2		(4)		4		(8)
Total non-service benefit2	$	(18)	$	(14)	$	(37)	$	(31)
Total expense recognized	$	12	$	17	$	23	$	31

¹ Represents the amount of net loss reclassified from other comprehensive loss.

² Included in "Other income" on Edison International's and SCE's consolidated statement of income.

Postretirement Benefits Other Than Pensions ("PBOP")

Net periodic PBOP expense components for Edison International and SCE are:

	Three months ended June 30,				Six months ended June 30,
(in millions)	2020		2019		2020		2019
Service cost	$	9	$	8	$	18	$	16
Non-service cost (benefit)
Interest cost	17		21		34		42
Expected return on plan assets	(30)		(28)		(60)		(56)
Amortization of net gain	(4)		(1)		(8)		(2)
Regulatory adjustment	8		6		16		12
Total non-service benefit1	$	(9)	$	(2)	$	(18)	$	(4)
Total expense	$	—	$	6	$	—	$	12

¹  Included in "Other income" on Edison International's and SCE's consolidated statement of income.