Company: SCE-PL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000827052-25-000022
Chunk: 128

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 128
---
 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 used to determine obligations at end of year:Discount rate5.56%5.04%5.56%5.04%Rate of compensation increase4.00%4.00%4.00%4.00%1The SCE liability excludes a long-term payable due to Edison International Parent of $88 million and $94 million at December 31, 2024 and 2023, respectively, related to certain SCE postretirement benefit obligations transferred to Edison International Parent. For Edison International and SCE, respectively, the 2024 actuarial gains are primarily related to $159 million and $146 million from an increase of 52 basis points in the discount rate (from 5.04% as of December 31, 2023 to 5.56% as of December 31, 2024). For Edison International and SCE, respectively, the 2023 actuarial losses are primarily related to $96 million and $92 million in losses from a decrease of 32 basis points in the discount rate (from 5.36% as of December 31, 2022 to 5.04% as of December 31, 2023).

84

Table of Contents

Net periodic pension expense components are:Edison InternationalSCEYears ended December 31,(in millions)202420232022202420232022Service cost$103 $101