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Consolidated Statements of Changes in Equity
 9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Consolidated Statements of Changes in Equity Consolidated Statements of Changes in Equity
The following table provides Edison International's changes in equity for the nine months ended September 30, 2020:
 Equity Attributable to Common ShareholdersNoncontrolling Interests 
(in millions, except per share amounts)Common
Stock		Accumulated
Other
Comprehensive Loss		Retained
Earnings		SubtotalPreferred
and
Preference
Stock		Total
Equity
Balance at December 31, 2019$4,990 $(69)$8,382 $13,303 $2,193 $15,496 
Net income— — 183 183 30 213 
Other comprehensive income— 2 — 2 — 2 
Common stock issued, net of issuance cost88 — — 88 — 88 
Common stock dividends declared ($0.6375 per share)
— — (232)(232)— (232)
Dividends to noncontrolling interests ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)
— — — — (30)(30)
Noncash stock-based compensation7 — — 7 — 7 
Balance at March 31, 2020$5,085 $(67)$8,333 $13,351 $2,193 $15,544 
Net income— — 318 318 30 348 
Other comprehensive income— 2 — 2 — 2 
Common stock issued, net of issuance cost 815 — — 815 — 815 
Common stock dividends declared ($0.6375 per share)
— — (241)(241)— (241)
Dividends to noncontrolling interests ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)
— — — — (30)(30)
Noncash stock-based compensation8 — — 8 — 8 
Balance at June 30, 2020$5,908 $(65)$8,410 $14,253 $2,193 $16,446 
Net loss— — (288)(288)46 (242)
Other comprehensive income— 2 — 2 — 2 
Common stock issued, net of issuance cost (Note 14)15 — — 15 — 15 
Common stock dividends declared ($0.6375 per share)
— — (241)(241)— (241)
Dividends to noncontrolling interests ($0.247 - $0.289 per share for preferred stock; $15.625 - $35.936 per share for preference stock)
— — — — (31)(31)
Noncash stock-based compensation and other7 — — 7 1 8 
Redemption of preferred and preference stock— — — — (308)(308)
Balance at September 30, 2020$5,930 $(63)$7,881 $13,748 $1,901 $15,649 
The following table provides Edison International's changes in equity for the nine months ended September 30, 2019:
 Equity Attributable to Common ShareholdersNoncontrolling Interests 
(in millions, except per share amounts)Common
Stock		Accumulated
Other
Comprehensive Loss		Retained
Earnings		SubtotalPreferred
and
Preference
Stock		Total
Equity
Balance at December 31, 2018$2,545 $(50)$7,964 $10,459 $2,193 $12,652 
Net income— — 278 278 30 308 
Other comprehensive income— 2 — 2 — 2 
Cumulative effect of accounting changes1
— (10)10 — — — 
Common stock dividends declared ($0.6125 per share)
— — (200)(200)— (200)
Dividends to noncontrolling interests ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)
— — — — (30)(30)
Stock-based compensation— — (18)(18)— (18)
Noncash stock-based compensation5 — — 5 — 5 
Balance at March 31, 2019$2,550 $(58)$8,034 $10,526 $2,193 $12,719 
Net income— — 392 392 30 422 
Other comprehensive income— 1 — 1 — 1 
Common stock dividends declared ($0.6125 per share)
— — (200)(200)— (200)
Dividends to noncontrolling interests ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)
— — — — (30)(30)
Stock-based compensation— — (4)(4)— (4)
Noncash stock-based compensation5 — — 5 — 5 
Balance at June 30, 2019$2,555 $(57)$8,222 $10,720 $2,193 $12,913 
Net income— — 471 471 31 502 
Other comprehensive income— 2 — 2 — 2 
Common stock issued, net of issuance cost2,185 — — 2,185 — 2,185 
Common stock dividends declared ($0.6125 per share)
— — (219)(219)— (219)
Dividends to noncontrolling interests ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)
— — — — (31)(31)
Stock-based compensation— — (5)(5)— (5)
Noncash stock-based compensation 6 — — 6 — 6 
Balance at September 30, 2019$4,746 $(55)$8,469 $13,160 $2,193 $15,353 
1    Edison International recognized a cumulative effect adjustment to the opening balance of retained earnings and accumulated other comprehensive loss on January 1, 2019 related to the adoption of the accounting standards update on the reclassification of stranded tax effects resulting from Tax Cuts and Jobs Act ("Tax Reform.")
The following table provides SCE's changes in equity for the nine months ended September 30, 2020:
(in millions, except per share amounts)Preferred
and
Preference
Stock		Common
Stock		Additional
Paid-in
Capital		Accumulated
Other
Comprehensive
Loss		Retained
Earnings		Total
Equity
Balance at December 31, 2019$2,245 $2,168 $3,939 $(39)$9,514 $17,827 
Net income— — — — 249 249 
Other comprehensive income— — — 2 — 2 
Capital contribution from Edison International Parent— — 269 — — 269 
Dividends declared on common stock ($0.6185 per share)
— — — — (269)(269)
Dividends declared on preferred stock ($0.255 - $0.299 per share) and preference stock ($15.625 - $35.936 per share)
— — — — (30)(30)
Stock-based compensation — — (5)— — (5)
Noncash stock-based compensation— — 4 — (1)3 
Balance at March 31, 2020$2,245 $2,168 $4,207 $(37)$9,463 $18,046 
Net income— — — — 411 411 
Other comprehensive income— — — 1 — 1 
Capital contribution from Edison International Parent— — 619 — — 619 
Dividends declared on common stock ($0.6185 per share)
— — — — (269)(269)
Dividends declared on preferred stock ($0.255 - $0.299 per share) and preference stock ($15.625 - $35.936 per share)
— — — — (30)(30)
Noncash stock-based compensation — — 3 — — 3 
Balance at June 30, 2020$2,245 $2,168 $4,829 $(36)$9,575 $18,781 
Net loss— — — — (218)(218)
Other comprehensive income— — — 1 — 1 
Capital contribution from Edison International Parent — — 219 — — 219 
Dividends declared on common stock ($0.6185 per share)
— — — — (269)(269)
Dividends declared on preferred stock ($0.247 - $0.289 per share) and preference stock ($15.625 - $35.936 per share)
— — — — (31)(31)
Noncash stock-based compensation and other— — 3 — 1 4 
Redemption of preferred and preference stock $(300)$— $7 $— $(15)(308)
Balance at September 30, 2020$1,945 $2,168 $5058 $(35)$9,043 $18,179 
The following table provides SCE's changes in equity for the nine months ended September 30, 2019:
(in millions, except per share amounts)Preferred
and
Preference
Stock		Common
Stock		Additional
Paid-in
Capital		Accumulated
Other
Comprehensive
Loss		Retained
Earnings		Total
Equity
Balance at December 31, 2018$2,245 $2,168 $680 $(23)$8,715 $13,785 
Net income— — — — 323 323 
Other comprehensive income— — — 1 — 1 
Cumulative effect of accounting change1
(5)5 — 
Dividends declared on common stock ($0.4599 per share)
— — — — (200)(200)
Dividends declared on preferred stock ($0.255 - $0.299 per share) and preference stock (15.625 - $35.936 per share)
— — — — (30)(30)
Stock-based compensation — — — — (12)(12)
Noncash stock-based compensation— — 3 — — 3 
Balance at March 31, 2019$2,245 $2,168 $683 $(27)$8,801 $13,870 
Net income— — — — 449 449 
Other comprehensive income— — — 1 — 1 
Capital contribution from Edison International Parent— — 1,200 — — 1,200 
Dividends declared on preferred and preference stock ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)
— — — — (30)(30)
Stock-based compensation — — — — (1)(1)
Noncash stock-based compensation — — 3 — — 3 
Balance at June 30, 2019$2,245 $2,168 $1,886 $(26)$9,219 $15,492 
Net income— — — — 534 534 
Other comprehensive income— — — 1 — 1 
Capital contribution from Edison International Parent— — 1,850 — — 1,850 
Dividends declared on common stock ($0.4599 per share)
— — — — (200)(200)
Dividends declared on preferred and preference stock ($0.255 - $0.299 per share for preferred stock; $15.625 - $35.936 per share for preference stock)
— — — — (31)(31)
Stock-based compensation— — (2)— (2)(4)
Noncash stock-based compensation— — 3 — — 3 
Balance at September 30, 2019$2,245 $2,168 $3,737 $(25)$9,520 $17,645 
1    SCE recognized a cumulative effect adjustment to the opening balance of retained earnings and accumulated other comprehensive loss on January 1, 2019 related to the adoption of the accounting standards update on the reclassification of stranded tax effects resulting from Tax Reform.
Equity
In May 2020, Edison International issued 14,181,882 shares of common stock in a registered direct offering and received approximately $800 million in proceeds, before deducting fees and offering expenses of $14 million. The proceeds were used to pay off debt outstanding under a term loan agreement and for general corporate purposes. Refer to Note 5 for details of the term loan.
In May 2019, Edison International filed a prospectus supplement and executed several distribution agreements with certain sales agents to establish an "at-the-market" ("ATM") program under which it may sell shares of its common stock having an aggregate sales price of up to $1.5 billion. During the three months ended September 30, 2020, Edison International did not issue any shares through the ATM program. During the nine months ended September 30, 2020, Edison International issued 391,501 shares through the ATM program and received proceeds of $27 million, net of fees and offering expenses of $0.3 million. The proceeds from the sales were used for equity contributions to SCE and for general corporate and working capital purposes. As of September 30, 2020, shares of common stock having an aggregate offering price of $1.3 billion remained available to be sold under the ATM program. Edison International has no obligation to sell the remaining available shares.
Edison International continued to settle its ongoing common stock requirements of various internal programs through issuance of new common stock. During the three and nine months ended September 30, 2020, 206,900 and 1,378,700 shares of common stock were purchased by employees through the 401(k) defined contribution savings plan for net cash receipts of $11 million and $83 million, 4,749 and 338,442 shares of common stock were issued as stock compensation awards for net
cash receipts of $1 million and $14 million and 77,250 and 206,269 shares of new common stock were issued in lieu of distributing $4 million and $13 million to shareholders opting to receive dividend payments in the form of additional common stock, respectively.
In the three and nine months ended September 30, 2020, SCE received a total of $219 million and $1.1 billion in capital contributions, respectively, from Edison International Parent to support SCE's capital program, maintain the equity portion of SCE's capital structure at authorized levels and for general corporate purposes.
During third quarter of 2020, SCE redeemed $120 million of cumulative preferred stock consisting of all of the outstanding shares of the 4.32% Series, 4.08% Series, 4.24% Series, and the 4.78% Series at a price of $28.75, $25.50, $25.80 and $25.80, respectively. SCE also redeemed $180 million of the outstanding shares of the Series G Preference Stock. SCE recorded a $15 million loss on the redemption of the preferred and preference stock.