Compensation and Benefit Plans

9 Months Ended

Sep. 30, 2021

Retirement Benefits [Abstract]

Compensation and Benefit Plans

Note 9.Compensation and Benefit Plans

Pension Plans

Net periodic pension expense components are:

	Three months ended				Nine months ended
	September 30,				September 30,
(in millions)	2021		2020		2021		2020
Edison International:
Service cost	$	34	$	31	$	102	$	93
Non-service cost (benefit)
Interest cost		26		31		78		92
Expected return on plan assets		(56)		(55)		(168)		(163)
Amortization of prior service cost		—		—		—		1
Amortization of net loss1		3		3		9		9
Regulatory adjustment		4		2		12		6
Total non-service benefit2	$	(23)	$	(19)	$	(69)	$	(55)
Total expense recognized	$	11	$	12	$	33	$	38
SCE:
Service cost	$	33	$	31	$	99	$	91
Non-service cost (benefit)
Interest cost		24		29		72		85
Expected return on plan assets		(53)		(51)		(159)		(153)
Amortization of prior service cost		—		—		—		1
Amortization of net loss1		2		2		6		6
Regulatory adjustment		4		2		12		6
Total non-service benefit2	$	(23)	$	(18)	$	(69)	$	(55)
Total expense recognized	$	10	$	13	$	30	$	36

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				Nine months ended
	September 30,				September 30,
(in millions)	2021		2020		2021		2020
Service cost	$	10	$	10	$	30	$	28
Non-service cost (benefit)
Interest cost		14		17		42		51
Expected return on plan assets		(27)		(29)		(81)		(89)
Amortization of prior service cost		—		(1)		—		(1)
Amortization of net gain		(8)		(5)		(24)		(13)
Regulatory adjustment		11		8		33		24
Total non-service benefit1	$	(10)	$	(10)	$	(30)	$	(28)
Total expense	$	—	$	—	$	—	$	—

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