Debt and Credit Agreements (Tables)

12 Months Ended

Dec. 31, 2023

Debt and Credit Agreements

Long-term Debt

	December 31,
(in millions)	2023		2022
Edison International Parent and Other:
Debentures and notes:
2024 – 2054 (3.55% to 8.13%)	$	4,550	$	3,400
Current portion of long-term debt		(500)		(400)
Unamortized debt discount/premium and issuance costs, net		(31)		(19)
Total Edison International Parent and Other		4,019		2,981
SCE:
First and refunding mortgage bonds:
2024 – 2053 (0.98% to 6.05%)		24,700		23,900
Pollution-control bonds:
2028 – 2035 (1.45% to 4.50%)		752		752
Debentures and notes:
2029 – 2053 (5.06% to 6.65%)		306		306
Senior secured recovery bonds1:
2028 – 2047 (0.86% to 5.11%)		1,579		849
Other long-term debt2		1,322		600
Current portion of long-term debt		(2,197)		(2,214)
Unamortized debt discount/premium and issuance costs, net		(165)		(149)
Total SCE		26,297		24,044
Total Edison International	$	30,316	$	27,025

1 The senior secured recovery bonds are payable only from and secured by the Recovery Property at SCE Recovery Funding LLC, and do not constitute a debt or other legal obligation of, or interest in, SCE or any of its affiliates, except for SCE Recovery Funding LLC. For further details, see Note 3.

2 Subsequent to December 31, 2023, SCE issued first and refunding mortgage bonds which were used to partially pay down its commercial paper balance, see "Debt Financing Subsequent to December 31, 2023" for more information. Accordingly, SCE included the pay down amount of $722 million in other long-term debt. In addition, 2023 and 2022 amounts both include a term loan due in 2024 with an interest rate of adjusted term secured overnight financing rate ("SOFR") plus 0.90%.

Schedule of First and Refunding Mortgage Bonds

Edison International and SCE long-term debt maturities over the next five years are as follows:

	Edison
(in millions)	International		SCE
2024	$	2,697	$	2,197
2025		2,049		1,249
2026		800		800
2027		2,001		1,401
2028		2,942		1,792

Summary for Status of Credit Facilities

(in millions, except for rates)
Borrower	Termination Date	SOFR plus (bps)	Commitment		Outstanding borrowings		Outstanding letters of credit		Amount available
Edison International Parent1, 3	May 2027	128	$	1,500	$	246	$	—	$	1,254
SCE2, 3	May 2027	108		3,350		1,558		29		1,763
Total Edison International			$	4,850	$	1,804	$	29	$	3,017

1 At December 31, 2023 and December 31, 2022, Edison International Parent had $246 million and $90 million outstanding commercial paper, net of discount, at a weighted-average interest rate of 5.82% and 4.92%, respectively.

2 At December 31, 2023 and December 31, 2022, SCE had $1,554 million and $195 million outstanding commercial paper, net of discount, at a weighted-average interest rate of 5.82% and 5.20%, respectively.

3 The credit facilities have two additional one-year extension options. The aggregate maximum principal amount under the SCE and Edison International Parent revolving credit facilities may be increased up to $4.0 billion and $2.0 billion, respectively, provided that additional lender commitments are obtained.