Company: SCE-PL
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000827052-25-000100
Chunk: 14

Company: SOUTHERN CALIFORNIA EDISON Co
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 14
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 apply this standard beginning in their annual filing for the year ended December 31, 2025, and the standard is not expected to materially affect the annual disclosures.In November 2024, the FASB issued an accounting standards update requiring public entities to provide disaggregated disclosure of income statement expenses. The guidance does not change the expense captions an entity presents on the face of the income statement, rather, it requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements. The guidance is effective for annual disclosure for the year ended December 31, 2027 and subsequent interim periods with early adoption permitted. The guidance is applied prospectively. Edison International and SCE are currently evaluating the impact of the new guidance.In July 2025, the FASB issued an accounting standards update allowing entities to elect a practical expedient when developing forecasts as part of estimating the expected credit losses on current accounts receivable and current contract assets. The practical expedient permits entities to assume that current conditions as of the balance sheet date do not change for the remaining life of such assets. The guidance is effective for annual periods after January 1, 2026 and interim reporting periods within those annual reporting periods with early adoption permitted. The guidance is applied prospectively. Edison International and SCE are currently evaluating the impact of this guidance.In September 2025, the FASB issued an accounting standards update to amend certain aspects of the accounting for and disclosure of internal-use software. Among other things, the guidance removes all references to prescriptive and sequential software development stages and instead requires entities to begin capitalizing software costs when certain criteria are met. The guidance is effective for annual periods after January 1, 2028 and interim reporting periods within those annual reporting periods with early adoption permitted. The guidance can be applied prospectively, retrospectively, or via a modified prospective transition method. Edison International and SCE are currently evaluating the impact of this new guidance.

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 Note 2.  Condensed Consolidated Statements of Changes in Equity

The following tables provide Edison International's changes in equity:Equity Attributable to Edison International ShareholdersNoncontrollingInterests(in millions, except per share amounts)PreferredStockCommonStockAccumulatedOtherComprehensiveIncomeRetainedEarningsSubtotalPreferenceStockTotalEquityBalance at December 31, 2024$1,645 $6,353 $— $7,567 $15,565 $2,175 $17