v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 002  
EBP, Investment, Fair Value and NAV [Line Items]  
Schedule of Plan's Investments Measured at Fair Value and Fund Investments Valued at Net Asset Value per Share
The following presents information about the Plan's investments that are measured at fair value on a recurring basis as of December 31, 2025 and 2024, by level within the fair value hierarchy:

Investments at Fair Value as of December 31, 2025
(in thousands)    Level 1    Level 2    
NAV1
    Total
Edison International Stock Fund$200,359 $— $255 $200,614 
Money market fund— — 355,774 355,774 
Self-directed brokerage accounts1,148,702 4,077 — 1,152,779 
Mutual fund294,131 — — 294,131 
Collective investment funds— — 3,906,267 3,906,267 
Separate managed funds:
Cash and other short-term investments383 641 9,606 10,630 
Mutual funds— — 9,864 9,864 
Fixed income securities2
65,127 234,375 — 299,502 
Common and preferred stocks684,797 1,595 — 686,392 
Other5,075 22,698 — 27,773 
Total separate managed funds755,382 259,309 19,470 1,034,161 
Total investments at fair value$2,398,574 $263,386 $4,281,766 $6,943,726 

Investments at Fair Value as of December 31, 2024
(in thousands)    Level 1    Level 2    
NAV1
    Total
Edison International Stock Fund$304,477 $— $646 $305,123 
Money market fund— — 370,643 370,643 
Self-directed brokerage accounts1,032,298 6,622 — 1,038,920 
Mutual fund242,629 — — 242,629 
Collective investment funds— — 3,320,649 3,320,649 
Separate managed funds:
Cash and other short-term investments1,116 1,148 8,659 10,923 
Mutual funds— — 3,869 3,869 
Fixed income securities2
63,006 220,211 — 283,217 
Common and preferred stocks678,825 2,074 — 680,899 
Other4,807 13,637 — 18,444 
Total separate managed funds747,754 237,070 12,528 997,352 
Total investments at fair value$2,327,158 $243,692 $3,704,466 $6,275,316 

1These investments are measured at fair value using the net asset value ("NAV") 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 amounts in the Statements of Net Assets Available for Plan Benefits.
2These investments primarily consist of corporate bonds, U.S. government and agency securities including U.S. treasury notes and bonds. These investments also include mortgage backed securities of $17,130,000 and $17,935,000 as of December 31, 2025 and 2024, respectively.
NAV is used as a practical expedient to estimate fair value, and is based on the fair value of the underlying investments held by the fund less its liabilities. This practical expedient is not used if it is determined to be probable that the investment will be sold for an amount different from the reported NAV. The following table summarizes investments measured at fair value based on NAV per share:

December 31, 2025
        Redemption 
 UnfundedFrequencyRedemption Notice
(in thousands)    Fair Value    Commitments(if currently eligible)Period
Money market fund1
$365,635  Not applicableDailyNone
Mutual fund2
9,864  Not applicableDailyNone
Collective investment funds3
3,906,267  Not applicableDailyNone
Total$4,281,766          

December 31, 2024
            Redemption 
 Unfunded  FrequencyRedemption Notice
(in thousands)    Fair Value    Commitments    (if currently eligible)Period
Money market fund1
$379,948 Not applicableDailyNone
Mutual fund2
3,869 Not applicableDailyNone
Collective investment funds3
3,320,649 Not applicableDailyNone
Total$3,704,466 

1As of December 31, 2025 and 2024, the combined money market fund investments of $365,635,000 and $379,948,000, respectively, are fully invested in the State Street Money Market Fund. Of these amounts, $9,606,000 and $8,659,000, respectively, are held within separate managed funds, and $255,000 and $646,000, respectively, are held within the "Edison International Stock Fund."
The State Street money market fund seeks to provide safety of principal, daily liquidity and a competitive yield over the long term. The fund invests in a diversified portfolio of securities including securities guaranteed by the U.S. Government or its agencies; debt securities of domestic or foreign corporations, mortgage-backed and other asset-backed securities, municipal bonds, structured notes, loan participations, revolving credit facilities, repurchase agreements and bank certificates of deposit.
2As of December 31, 2025 and 2024, the investments are all invested in a bond mutual fund within the separately managed accounts. The investment objective is to seek maximum current income, consistent with the preservation of capital and daily liquidity.
3As of December 31, 2025 and 2024, collective investment funds primarily consist of fixed-income index funds that seek to track the Barclays Capital Aggregate Bond Index, equity index funds that seek to track the performance of the Standard and Poor's 500 index, the Russell 2500 index, and the MSCI AC World Index (excluding the U.S.).