Compensation and Benefit Plans

3 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

Compensation and Benefit Plans

Note 9.Compensation and Benefit Plans

Pension Plans

Net periodic pension expense components are:

	Three months ended
	March 31,
(in millions)	2023		2022
Edison International:
Service cost	$	25	$	30
Non-service cost (benefit)
Interest cost		45		27
Expected return on plan assets		(54)		(57)
Amortization of net loss		1		1
Regulatory adjustment		(12)		2
Total non-service benefit1	$	(20)	$	(27)
Total expense recognized	$	5	$	3
SCE:
Service cost	$	24	$	29
Non-service cost (benefit)
Interest cost		42		25
Expected return on plan assets		(51)		(54)
Amortization of net loss		—		1
Regulatory adjustment		(12)		2
Total non-service benefit1	$	(21)	$	(26)
Total expense recognized	$	3	$	3

1 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
	March 31,
(in millions)	2023		2022
Service cost	$	5	$	8
Non-service cost (benefit)
Interest cost		18		14
Expected return on plan assets		(27)		(24)
Amortization of net gain		(12)		(12)
Regulatory adjustment		16		14
Total non-service benefit1	$	(5)	$	(8)
Total expense	$	—	$	—

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