Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 635

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 635
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, unrealized losses equal to the unfunded status are recorded to a regulatory asset and unrealized gains equal to the funded status are recorded to a regulatory liability. See Note 11 for further information.

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Table of Contents

Information on pension plan assets and benefit obligations is shown below.Edison InternationalSCEYears ended December 31,(in millions)2024202320242023Change in projected benefit obligationProjected benefit obligation at beginning of year$3,647 $3,524 $3,278 $3,159 Service cost103 101 99 97 Interest cost175 180 157 162 Actuarial (gain) loss(59)96 (47)82 Benefits paid(230)(254)(198)(222)Projected benefit obligation at end of year$3,636 $3,647 $3,289 $3,278 Change in plan assetsFair value of plan assets at beginning of year$3,609 $3,462 $3,415 $3,275 Actual return on plan assets192 369 182 349 Employer contributions37 32 17 13 Benefits paid(230)(254)(198)(222)Fair value of plan assets at end of year3,608 3,609 3,416 3,415 (Underfunded)/Overfunded status at end of year$(28)$(38)$127 $137 Amounts recognized in the consolidated balance sheets consist of 1:Long-term assets$166 $169 $137 $149 Current liabilities(27)(30)(1)(2)Long-term liabilities(167)(177)(9)(10)$(28)$(38)$127 $137 Amounts recognized in accumulated other comprehensive loss consist of:Net loss$8 $21 $13 $8 Amounts recognized as a regulatory liability(146)(159)(133)(159)Accumulated benefit obligation at end of year$3,508 $3,495 $3,172 $3,136 Pension plans with plan assets in excess of an accumulated benefit obligation:Projected benefit obligation3,636 3,647 3,289 3,278 Accumulated benefit obligation3,508 3,495 3,172 3,136 Fair value of plan assets3,608 3,609 3,416 3,415 Weighted average assumptions