A voltage regulation and battery charging system is provided. The system may include a switching regulator selection control circuit, two switching regulator controller circuits, two power transistors, a common synchronous transistor, and a common LC circuit. The two switching regulator controller circuits may synchronously switch the two power transistors and the one common synchronous transistor. One of the switching regulator controller circuits may receive a voltage from an AC adapter and the other may receive a voltage from a USB port. Further, the switching regulation selection control circuit selects which of the two switching regulator controller circuits controls the regulation of the system output voltage employing the common LC filter.