Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 138

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 138
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 95 Total$622 $1,319 $354 $2,295 Receivables and payables, net(14)Net plan assets available for benefits$2,281 

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Table of Contents

December 31, 2023(in millions)Level 1Level 2NAV1TotalU.S. government and agency securities2$569 $84 $— $653 Corporate stocks385 2 — 87 Corporate notes and bonds4— 1,064 — 1,064 Common/collective funds5— — 222 222 Partnerships6— — 124 124 Registered investment companies747 — — 47 Interest bearing cash— 29 — 29 Other82 70 — 72 Total$703 $1,249 $346 $2,298 Receivables and payables, net(23)Net plan assets available for benefits$2,275 1These investments are measured at fair value using the net asset value per share practical expedient and have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the net plan assets available for benefits.2Level 1 U.S. government and agency securities are U.S. treasury bonds and notes. Level 2 primarily relates to the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association.3Corporate stock performance for actively managed separate accounts is primarily benchmarked against the Russell Indexes (78% and 74% at December 31, 2024 and 2023, respectively) and the MSCI All Country World Index (22% and 26% at December 31, 2024 and 2023, respectively).4Corporate notes and bonds are diversified and include approximately $343 million and $237 million for commercial collateralized mortgage obligations and other asset backed securities at December 31, 2024 and 2023, respectively.5At December 31, 2024 and 2023, respectively, 47% and 45% of the common/collective assets are invested in index funds which seek to track performance in the MSCI All Country World Investable Market Index, 41% and 40% are invested in a non-index U.S. equity fund which is actively managed. The remaining assets in this category are primarily invested in emerging market fund and fixed income