Compensation and Benefit Plans

9 Months Ended

Sep. 30, 2020

Retirement Benefits [Abstract]

Compensation and Benefit Plans

Compensation and Benefit Plans

Pension Plans

Net periodic pension expense components are:

	Three months ended September 30,				Nine months ended September 30,
(in millions)	2020		2019		2020		2019
Edison International:
Service cost	$	31	$	31	$	93	$	95
Non-service cost (benefit)
Interest cost	31		38		92		116
Expected return on plan assets	(55)		(52)		(163)		(156)
Amortization of prior service cost	—		—		1		1
Amortization of net loss1	3		2		9		6
Regulatory adjustment	2		(4)		6		(12)
Total non-service benefit2	$	(19)	$	(16)	$	(55)	$	(45)
Total expense recognized	$	12	$	15	$	38	$	50
SCE:
Service cost	$	31	$	31	$	91	$	93
Non-service cost (benefit)
Interest cost	29		35		85		106
Expected return on plan assets	(51)		(48)		(153)		(146)
Amortization of prior service cost	—		—		1		1
Amortization of net loss1	2		1		6		4
Regulatory adjustment	2		(4)		6		(12)
Total non-service benefit2	$	(18)	$	(16)	$	(55)	$	(47)
Total expense recognized	$	13	$	15	$	36	$	46

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 September 30,				Nine months ended September 30,
(in millions)	2020		2019		2020		2019
Service cost	$	10	$	8	$	28	$	24
Non-service cost (benefit)
Interest cost	17		21		51		63
Expected return on plan assets	(29)		(28)		(89)		(84)
Amortization of prior service cost	(1)		(1)		(1)		(1)
Amortization of net gain	(5)		—		(13)		(2)
Regulatory adjustment	8		5		24		17
Total non-service benefit1	$	(10)	$	(3)	$	(28)	$	(7)
Total expense	$	—	$	5	$	—	$	17

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