v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 242 $ 158
Receivables, net of allowances for uncollectible accounts of $338 and $356 at respective dates 1,819 1,463
Accrued unbilled revenue 1,042 1,238
Inventory 567 535
Prepaid expenses 112 119
Regulatory assets 2,855 3,290
Wildfire Fund contributions 138 138
Other current assets 570 745
Total current assets 7,345 7,686
Nuclear decommissioning trusts 4,784 4,535
Other investments 71 51
Total investments 4,855 4,586
Utility property, plant and equipment, net of accumulated depreciation and amortization of $15,408 and $15,060 at respective dates 64,923 63,131
Nonutility property, plant and equipment, net of accumulated depreciation of $101 and $132 at respective dates 183 197
Total property, plant and equipment 65,106 63,328
Long-term receivables, net of allowances for uncollectible accounts of $39 and $49 at respective dates 32 38
Regulatory assets (include $3,051 and $3,092 related to a Variable Interest Entity ("VIE") at respective dates) 12,966 12,960
Wildfire Fund contributions 1,671 1,740
Operating lease right-of-use assets 1,137 1,161
Long-term insurance receivables 805 359
Other long-term assets 2,254 2,168
Total other assets 18,865 18,426
Total assets 96,171 94,026
LIABILITIES AND EQUITY    
Short-term debt 1,521 2,390
Current portion of long-term debt 3,797 1,928
Accounts payable 2,159 2,344
Wildfire-related claims 808 585
Accrued interest 558 473
Regulatory liabilities 727 1,158
Current portion of operating lease liabilities 121 120
Other current liabilities 1,401 1,538
Total current liabilities 11,092 10,536
Long-term debt (includes $2,979 and $3,022 related to a VIE at respective dates) 37,085 36,070
Deferred income taxes and credits 9,484 9,114
Pensions and benefits 364 370
Asset retirement obligations 2,607 2,583
Regulatory liabilities 11,244 10,627
Operating lease liabilities 1,016 1,041
Wildfire-related claims 626 721
Other deferred credits and other long-term liabilities 3,560 3,705
Total deferred credits and other liabilities 28,901 28,161
Total liabilities 77,078 74,767
Commitments and contingencies (Note 12)
Preferred stock (50,000,000 shares authorized; zero and 414,342 shares of Series A and 83,503 and 87,937 shares of Series B issued and outstanding at respective dates) 83 497
Common stock, no par value (800,000,000 shares authorized; 384,787,767 and 384,787,056 shares issued and outstanding at respective dates) 6,347 6,362
Accumulated other comprehensive income 3 6
Retained earnings 11,096 10,714
Total equity 17,529 17,579
Noncontrolling interests – preference stock of SCE 1,564 1,680
Total equity 19,093 19,259
Total liabilities and equity $ 96,171 $ 94,026