v3.6.0.2
EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]  
Schedule Of Defined Benefit Plans, Change In Benefit Obligation And Fair Value Of Plan Assets
PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
SEMPRA ENERGY CONSOLIDATED
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2016
 
2015
 
2016
 
2015
CHANGE IN PROJECTED BENEFIT OBLIGATION
 
 
 
 
 
 
 
Net obligation at January 1
$
3,649

 
$
3,839

 
$
963

 
$
1,115

Service cost
107

 
114

 
20

 
26

Interest cost
160

 
154

 
42

 
44

Contributions from plan participants
—

 
—

 
20

 
19

Actuarial loss (gain)
116

 
(180
)
 
(81
)
 
(172
)
Benefit payments
(217
)
 
(273
)
 
(61
)
 
(60
)
Divestiture of EnergySouth
(61
)
 
—

 
(6
)
 
—

Plan amendments
—

 
5

 
—

 
(9
)
Special termination benefits
—

 
—

 
26

 
—

Settlements
(75
)
 
(10
)
 
(1
)
 
—

Net obligation at December 31
3,679

 
3,649

 
922

 
963

 
 
 
 
 
 
 
 
CHANGE IN PLAN ASSETS
 

 
 

 
 

 
 

Fair value of plan assets at January 1
2,484

 
2,807

 
1,003

 
1,054

Actual return on plan assets
207

 
(73
)
 
94

 
(21
)
Employer contributions
104

 
33

 
6

 
11

Contributions from plan participants
—

 
—

 
20

 
19

Benefit payments
(217
)
 
(273
)
 
(61
)
 
(60
)
Divestiture of EnergySouth
(44
)
 
—

 
(4
)
 
—

Settlements
(75
)
 
(10
)
 
(1
)
 
—

Fair value of plan assets at December 31
2,459

 
2,484

 
1,057

 
1,003

Funded status at December 31
$
(1,220
)
 
$
(1,165
)
 
$
135

 
$
40

Net recorded (liability) asset at December 31
$
(1,220
)
 
$
(1,165
)
 
$
135

 
$
40

PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
SAN DIEGO GAS & ELECTRIC COMPANY
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2016
 
2015
 
2016
 
2015
CHANGE IN PROJECTED BENEFIT OBLIGATION
 
 
 
 
 
 
 
Net obligation at January 1
$
965

 
$
1,011

 
$
165

 
$
200

Service cost
29

 
29

 
5

 
7

Interest cost
41

 
39

 
7

 
8

Contributions from plan participants
—

 
—

 
7

 
7

Actuarial loss (gain)
7

 
(52
)
 
6

 
(43
)
Benefit payments
(25
)
 
(56
)
 
(14
)
 
(14
)
Special termination benefits
—

 
—

 
14

 
—

Settlements
(75
)
 
—

 
—

 
—

Transfer of liability to other plans
(7
)
 
(6
)
 
—

 
—

Net obligation at December 31
935

 
965

 
190

 
165

 
 
 
 
 
 
 
 
CHANGE IN PLAN ASSETS
 

 
 

 
 

 
 

Fair value of plan assets at January 1
752

 
828

 
161

 
164

Actual return on plan assets
59

 
(24
)
 
13

 
(3
)
Employer contributions
3

 
2

 
2

 
7

Contributions from plan participants
—

 
—

 
7

 
7

Benefit payments
(25
)
 
(56
)
 
(14
)
 
(14
)
Settlements
(75
)
 
—

 
—

 
—

Transfer of assets from other plans
—

 
2

 
—

 
—

Fair value of plan assets at December 31
714

 
752

 
169

 
161

Funded status at December 31
$
(221
)
 
$
(213
)
 
$
(21
)
 
$
(4
)
Net recorded liability at December 31
$
(221
)
 
$
(213
)
 
$
(21
)
 
$
(4
)
PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
SOUTHERN CALIFORNIA GAS COMPANY
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2016
 
2015
 
2016
 
2015
CHANGE IN PROJECTED BENEFIT OBLIGATION
 
 
 
 
 
 
 
Net obligation at January 1
$
2,255

 
$
2,398

 
$
752

 
$
866

Service cost
67

 
74

 
14

 
17

Interest cost
101

 
98

 
32

 
34

Contributions from plan participants
—

 
—

 
13

 
12

Actuarial loss (gain)
77

 
(131
)
 
(86
)
 
(125
)
Benefit payments
(158
)
 
(187
)
 
(45
)
 
(43
)
Plan amendments
—

 
3

 
—

 
(9
)
Special termination benefits
—

 
—

 
11

 
—

Transfer of liability from other plans
1

 
—

 
—

 
—

Net obligation at December 31
2,343

 
2,255

 
691

 
752

 
 
 
 
 
 
 
 
CHANGE IN PLAN ASSETS
 

 
 

 
 

 
 

Fair value of plan assets at January 1
1,537

 
1,763

 
822

 
870

Actual return on plan assets
128

 
(45
)
 
79

 
(18
)
Employer contributions
72

 
6

 
1

 
1

Contributions from plan participants
—

 
—

 
13

 
12

Benefit payments
(158
)
 
(187
)
 
(45
)
 
(43
)
Fair value of plan assets at December 31
1,579

 
1,537

 
870

 
822

Funded status at December 31
$
(764
)
 
$
(718
)
 
$
179

 
$
70

Net recorded (liability) asset at December 31
$
(764
)
 
$
(718
)
 
$
179

 
$
70
Schedule Of Defined Benefit Plans, Amounts Recognized In Balance Sheet
PENSION AND OTHER POSTRETIREMENT BENEFIT OBLIGATIONS, NET OF PLAN ASSETS AT DECEMBER 31
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2016
 
2015
 
2016
 
2015
Sempra Energy Consolidated:
 
 
 
 
 
 
 
Noncurrent assets
$
—

 
$
—

 
$
179

 
$
70

Current liabilities
(56
)
 
(43
)
 
—

 
—

Noncurrent liabilities
(1,164
)
 
(1,122
)
 
(44
)
 
(30
)
Net recorded (liability) asset
$
(1,220
)
 
$
(1,165
)
 
$
135

 
$
40

SDG&E:
 

 
 

 
 

 
 

Current liabilities
$
(10
)
 
$
(5
)
 
$
—

 
$
—

Noncurrent liabilities
(211
)
 
(208
)
 
(21
)
 
(4
)
Net recorded liability
$
(221
)
 
$
(213
)
 
$
(21
)
 
$
(4
)
SoCalGas:
 

 
 

 
 

 
 

Noncurrent assets
$
—

 
$
—

 
$
179

 
$
70

Current liabilities
(2
)
 
(2
)
 
—

 
—

Noncurrent liabilities
(762
)
 
(716
)
 
—

 
—

Net recorded (liability) asset
$
(764
)
 
$
(718
)
 
$
179

 
$
70
Schedule Of Defined Benefit Plans, Amounts In Accumulated Other Comprehensive Income
AMOUNTS IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2016
 
2015
 
2016
 
2015
Sempra Energy Consolidated:
 
 
 
 
 
 
 
Net actuarial (loss) gain
$
(95
)
 
$
(84
)
 
$
3

 
$
2

Prior service cost
(4
)
 
(5
)
 
—

 
—

Total
$
(99
)
 
$
(89
)
 
$
3

 
$
2

SDG&E:
 

 
 

 
 

 
 

Net actuarial loss
$
(8
)
 
$
(8
)
 
 

 
 

Prior service cost
—

 
—

 
 

 
 

Total
$
(8
)
 
$
(8
)
 
 

 
 

SoCalGas:
 

 
 

 
 

 
 

Net actuarial loss
$
(6
)
 
$
(4
)
 
 

 
 

Prior service cost
(3
)
 
(1
)
 
 

 
 

Total
$
(9
)
 
$
(5
)
 
 

 
 
Schedule Of Defined Benefit Plans, Accumulated Benefit Obligation
ACCUMULATED BENEFIT OBLIGATION
(Dollars in millions)
 
Sempra Energy Consolidated
 
SDG&E
 
SoCalGas
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Accumulated benefit obligation
$
3,465

 
$
3,397

 
$
904

 
$
939

 
$
2,167

 
$
2,056
Schedule Of Defined Benefit Plans, Pension Plans With Benefit Obligations In Excess Of Plan Assets
OBLIGATIONS OF FUNDED PENSION PLANS
(Dollars in millions)
 
2016
 
2015
Sempra Energy Consolidated:
 
 
 
Projected benefit obligation
$
3,431

 
$
3,410

Accumulated benefit obligation
3,227

 
3,183

Fair value of plan assets
2,459

 
2,484

SDG&E:
 
 
 

Projected benefit obligation
$
902

 
$
927

Accumulated benefit obligation
874

 
906

Fair value of plan assets
714

 
752

SoCalGas:
 

 
 

Projected benefit obligation
$
2,320

 
$
2,236

Accumulated benefit obligation
2,148

 
2,039

Fair value of plan assets
1,579

 
1,537
Schedule of Net Benefit Costs
NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OTHER COMPREHENSIVE INCOME (LOSS)
SEMPRA ENERGY CONSOLIDATED
(Dollars in millions)
 
Pension benefits
 
Other postretirement benefits
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
NET PERIODIC BENEFIT COST
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
107

 
$
114

 
$
101

 
$
20

 
$
26

 
$
24

Interest cost
160

 
154

 
161

 
42

 
44

 
49

Expected return on assets
(166
)
 
(173
)
 
(171
)
 
(69
)
 
(68
)
 
(63
)
Amortization of:
 

 
 

 
 

 
 

 
 

 
 

Prior service cost (credit)
11

 
11

 
11

 
—

 
(4
)
 
(5
)
Actuarial loss (gain)
30

 
38

 
18

 
(1
)
 
—

 
—

Settlement and curtailment charges
16

 
4

 
31

 
—

 
—

 
(1
)
Special termination benefits
—

 
—

 
—

 
26

 
—

 
5

Regulatory adjustment
(57
)
 
(110
)
 
(31
)
 
(11
)
 
12

 
6

Total net periodic benefit cost
101

 
38

 
120

 
7

 
10

 
15

 
 
 
 
 
 
 
 
 
 
 
 
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS
 

 
 

 
 

 
 

 
 

 
 

RECOGNIZED IN OTHER COMPREHENSIVE INCOME (LOSS)
 

 
 

 
 

 
 

 
 

 
 

Net loss (gain)
26

 
17

 
38

 
(2
)
 
(4
)
 
1

Prior service (credit) cost
(1
)
 
4

 
4

 
—

 
—

 
—

Amortization of actuarial loss
(10
)
 
(14
)
 
(23
)
 
—

 
—

 
—

Total recognized in other comprehensive income (loss)
15

 
7

 
19

 
(2
)
 
(4
)
 
1

   Total recognized in net periodic benefit cost and
       other comprehensive income (loss)
$
116

 
$
45

 
$
139

 
$
5

 
$
6

 
$
16

NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OTHER COMPREHENSIVE INCOME (LOSS)
SAN DIEGO GAS & ELECTRIC COMPANY
(Dollars in millions)
 
Pension benefits
 
Other postretirement benefits
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
NET PERIODIC BENEFIT COST
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
29

 
$
29

 
$
30

 
$
5

 
$
7

 
$
7

Interest cost
41

 
39

 
43

 
7

 
8

 
9

Expected return on assets
(49
)
 
(54
)
 
(55
)
 
(12
)
 
(11
)
 
(10
)
Amortization of:
 

 
 

 
 

 
 

 
 

 
 

Prior service cost
1

 
8

 
2

 
3

 
3

 
2

Actuarial loss (gain)
10

 
2

 
4

 
(1
)
 
—

 
—

Settlement charge
16

 
—

 
19

 
—

 
—

 
—

Special termination benefits
—

 
—

 
—

 
14

 
—

 
5

Regulatory adjustment
(45
)
 
(20
)
 
12

 
(14
)
 
—

 
1

Total net periodic benefit cost
3

 
4

 
55

 
2

 
7

 
14

 
 
 
 
 
 
 
 
 
 
 
 
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS
 

 
 

 
 

 
 

 
 

 
 

RECOGNIZED IN OTHER COMPREHENSIVE INCOME (LOSS)
 

 
 

 
 

 
 

 
 

 
 

Net loss (gain)
1

 
(6
)
 
8

 
—

 
—

 
—

Amortization of actuarial loss
(1
)
 
(1
)
 
(3
)
 
—

 
—

 
—

Total recognized in other comprehensive (loss) income
—

 
(7
)
 
5

 
—

 
—

 
—

   Total recognized in net periodic benefit cost and
       other comprehensive (loss) income
$
3

 
$
(3
)
 
$
60

 
$
2

 
$
7

 
$
14

NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OTHER COMPREHENSIVE INCOME (LOSS)
SOUTHERN CALIFORNIA GAS COMPANY
(Dollars in millions)
 
Pension benefits
 
Other postretirement benefits
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
NET PERIODIC BENEFIT COST
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
67

 
$
74

 
$
60

 
$
14

 
$
17

 
$
16

Interest cost
101

 
98

 
100

 
32

 
34

 
38

Expected return on assets
(103
)
 
(106
)
 
(104
)
 
(56
)
 
(56
)
 
(51
)
Amortization of:
 

 
 

 
 

 
 

 
 

 
 

Prior service cost (credit)
9

 
9

 
9

 
(4
)
 
(7
)
 
(8
)
Actuarial loss
11

 
21

 
6

 
—

 
—

 
—

Settlement charge
—

 
—

 
4

 
—

 
—

 
—

Special termination benefits
—

 
—

 
—

 
11

 
—

 
—

Regulatory adjustment
(12
)
 
(90
)
 
(43
)
 
3

 
12

 
5

Total net periodic benefit cost
73

 
6

 
32

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS
 

 
 

 
 

 
 

 
 

 
 

RECOGNIZED IN OTHER COMPREHENSIVE INCOME (LOSS)
 

 
 

 
 

 
 

 
 

 
 

Net loss
4

 
—

 
5

 
—

 
—

 
—

Prior service cost
2

 
2

 
—

 
—

 
—

 
—

Amortization of actuarial loss
—

 
—

 
(5
)
 
—

 
—

 
—

Total recognized in other comprehensive income
6

 
2

 
—

 
—

 
—

 
—

   Total recognized in net periodic benefit cost and
       other comprehensive income
$
79

 
$
8

 
$
32

 
$
—

 
$
—

 
$
—
Schedule of Assumptions Used
WEIGHTED-AVERAGE ASSUMPTIONS USED TO DETERMINE BENEFIT OBLIGATION
AT DECEMBER 31
 
 
 
 
Pension benefits
 
Other postretirement benefits
 
2016
 
2015
 
2016
 
2015
Sempra Energy Consolidated:
 
 
 
 
 
 
 
Discount rate
4.08
%
 
4.46
%
 
4.19
%
 
4.49
%
Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

SDG&E:
 
 
 
 
 
 
 
Discount rate
4.08
%
 
4.35
%
 
4.15
%
 
4.50
%
Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

SoCalGas:
 
 
 
 
 
 
 
Discount rate
4.10
%
 
4.50
%
 
4.20
%
 
4.50
%
Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

WEIGHTED-AVERAGE ASSUMPTIONS USED TO DETERMINE NET PERIODIC BENEFIT COST
YEARS ENDED DECEMBER 31
 
 
 
 
Pension benefits
 
Other postretirement benefits
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Sempra Energy Consolidated:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.46
%
 
4.09
%
 
4.85
%
 
4.49
%
 
4.15
%
 
4.95
%
Expected return on plan assets
7.00

 
7.00

 
7.00

 
6.98

 
6.98

 
6.97

Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
3.50-10.00

 
2.00-10.00

 
2.00-10.00

 
3.50-10.00

SDG&E:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.35
%
 
4.00
%
 
4.69
%
 
4.50
%
 
4.15
%
 
5.00
%
Expected return on plan assets
7.00

 
7.00

 
7.00

 
6.90

 
6.91

 
6.88

Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
3.50-10.00

 
2.00-10.00

 
2.00-10.00

 
3.50-10.00

SoCalGas:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.50
%
 
4.15
%
 
4.94
%
 
4.50
%
 
4.15
%
 
4.95
%
Expected return on plan assets
7.00

 
7.00

 
7.00

 
7.00

 
7.00

 
7.00

Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
3.50-10.00

 
2.00-10.00

 
2.00-10.00

 
3.50-10.00
Schedule of Health Care Cost Trend Rates
ASSUMED HEALTH CARE COST TREND RATES
AT DECEMBER 31
 
Other postretirement benefit plans(1)
 
Pre-65 retirees
 
Retirees aged 65 years and older
 
2016
 
2015
 
2014
 
2016
 
2015
 
2014
Health care cost trend rate assumed for next year
8.00
%
 
8.10
%
 
7.75
%
 
5.50
%
 
5.50
%
 
5.25
%
Rate to which the cost trend rate is assumed to
    decline (the ultimate trend)
5.00
%
 
5.00
%
 
5.00
%
 
4.50
%
 
4.50
%
 
4.50
%
Year the rate reaches the ultimate trend
2022

 
2022

 
2020

 
2022

 
2022

 
2020

(1)
Excludes Mobile Gas plan. For Mobile Gas, which we deconsolidated on September 12, 2016, the health care cost trend rate assumed for next year for all retirees was 8.10 percent and 7.75 percent in 2015 and 2014, respectively; the ultimate trend was 5.00 percent in 2015 and 2014; and the year the rate reaches the ultimate trend was 2022 and 2020 in 2015 and 2014, respectively. For Chilquinta Energía, the health care cost trend rate assumed for next year, and the ultimate trend, was 3.00 percent in each of 2016, 2015 and 2014.
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates
A one-percent change in assumed health care cost trend rates would have had the following effects in 2016:
EFFECT OF ONE-PERCENT CHANGE IN ASSUMED HEALTH CARE COST TREND RATES
(Dollars in millions)
 
Sempra Energy Consolidated
 
SDG&E
 
SoCalGas
 
1%
 
1%
 
1%
 
1%
 
1%
 
1%
 
increase
 
decrease
 
increase
 
decrease
 
increase
 
decrease
Effect on total of service and interest
 
 
 
 
 
 
 
 
 
 
 
cost components of net periodic
 
 
 
 
 
 
 
 
 
 
 
postretirement health care benefit cost
$
5

 
$
(4
)
 
$
1

 
$
(1
)
 
$
4

 
$
(3
)
Effect on the health care component of the
 
 
 
 
 
 
 
 
 
 
 
accumulated other postretirement
 
 
 
 
 
 
 
 
 
 
 
benefit obligations
62

 
(52
)
 
6

 
(5
)
 
55

 
(46
)
Schedule Of Defined Benefit Plans, Fair Value Of Plan Assets By Level In Fair Value Hierarchy
The fair values of our pension plan assets by asset category are as follows:
FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PENSION PLANS
(Dollars in millions)
 
Fair value at December 31, 2016
 
Level 1
 
Level 2
 
Total
Sempra Energy Consolidated:
 
 
 
 
 
Equity securities:
 
 
 
 
 
Domestic
$
884

 
$
—

 
$
884

International
522

 
—

 
522

Registered investment companies
127

 
—

 
127

Fixed income securities:
 

 
 

 
 

Domestic government bonds
214

 
32

 
246

International government bonds
—

 
9

 
9

Domestic corporate bonds
—

 
346

 
346

International corporate bonds
—

 
94

 
94

Registered investment companies
—

 
14

 
14

Total investment assets in the fair value hierarchy
$
1,747

 
$
495

 
2,242

Investments measured at NAV (1):
 
 
 
 
 
Common/collective trusts
 
 
 
 
223

Venture capital funds and real estate funds
 
 
 
 
4

Total investment assets(2)


 


 
$
2,469

SDG&E’s proportionate share of investment assets
 
 
 
 
$
717

SoCalGas’ proportionate share of investment assets
 
 
 
 
$
1,585

 
 
 
 
 
 
 
Fair value at December 31, 2015
 
Level 1
 
Level 2
 
Total
Sempra Energy Consolidated:
 
 
 
 
 
Equity securities:
 

 
 

 
 

Domestic
$
893

 
$
7

 
$
900

International
543

 
1

 
544

Registered investment companies
124

 
—

 
124

Fixed income securities:
 

 
 

 
 

Domestic government bonds
124

 
31

 
155

International government bonds
—

 
10

 
10

Domestic corporate bonds
—

 
338

 
338

International corporate bonds
—

 
100

 
100

Registered investment companies
—

 
7

 
7

Other
1

 
—

 
1

Total investment assets in the fair value hierarchy
$
1,685

 
$
494

 
2,179

Investments measured at NAV (1):
 
 
 
 
 
Common/collective trusts
 
 
 
 
312

Venture capital funds and real estate funds
 
 
 
 
4

Total investment assets(3)
 
 
 
 
$
2,495

SDG&E’s proportionate share of investment assets(4)
 
 
 
 
$
753

SoCalGas’ proportionate share of investment assets
 
 
 
 
$
1,544

(1)
Reflects the retrospective adoption of ASU 2015-07 as of January 1, 2016, as we discuss in Note 2. Prior to adoption,
we included investments measured at NAV within the fair value hierarchy.
(2)
Excludes cash and cash equivalents of $14 million and accounts payable of $24 million.
(3)
Excludes cash and cash equivalents of $14 million and accounts payable of $25 million.
(4)
Excludes transfers receivable from other plans of $2 million at SDG&E.

The fair values by asset category of the other postretirement benefit plan assets held in the pension master trust and in the additional trusts for SoCalGas’ other postretirement benefit plans and SDG&E’s other postretirement benefit plan (PBOP plan trusts) are as follows:
FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF OTHER POSTRETIREMENT BENEFIT PLANS
(Dollars in millions)
 
Fair value at December 31, 2016
 
Level 1
 
Level 2
 
Total
SDG&E:
 
 
 
 
 
Equity securities:
 
 
 
 
 
Domestic
$
41

 
$
—

 
$
41

International
24

 
—

 
24

Registered investment companies
46

 
—

 
46

Fixed income securities:
 

 
 

 
 

Domestic government bonds
10

 
1

 
11

Domestic corporate bonds
—

 
16

 
16

International corporate bonds
—

 
3

 
3

Registered investment companies
—

 
17

 
17

Total investment assets in the fair value hierarchy
121

 
37

 
158

Investments measured at NAV – Common/collective trusts(1)
 
 
 
 
11

Total investment assets(2)
 
 
 
 
169

 
 
 
 
 
 
SoCalGas:
 

 
 

 
 

Equity securities:
 

 
 

 
 

Domestic
130

 
—

 
130

International
77

 
—

 
77

Registered investment companies
46

 
—

 
46

Fixed income securities:
 

 
 

 
 

Domestic government bonds
52

 
8

 
60

International government bonds
—

 
2

 
2

Domestic corporate bonds
—

 
94

 
94

International corporate bonds
—

 
28

 
28

Registered investment companies
—

 
47

 
47

Total investment assets in the fair value hierarchy
305

 
179

 
484

Investments measured at NAV – Common/collective trusts(1)
 
 
 
 
386

Total investment assets(3)
 
 
 
 
870

 
 
 
 
 
 
Other Sempra Energy:
 

 
 

 
 

Equity securities:
 

 
 

 
 

Domestic
6

 
—

 
6

International
3

 
—

 
3

Fixed income securities:
 

 
 

 
 

Domestic government bonds
1

 
—

 
1

International government bonds
—

 
1

 
1

Domestic corporate bonds
—

 
2

 
2

International corporate bonds
—

 
1

 
1

Registered investment companies
—

 
1

 
1

Total investment assets in the fair value hierarchy
10

 
5

 
15

Investments measured at NAV – Common/collective trusts(1)
 
 
 
 
3

Total other Sempra Energy investment assets
 
 
 
 
18

 
 
 
 
 
 
Total Sempra Energy Consolidated investment assets in the fair value hierarchy
$
436

 
$
221

 
 
Total Sempra Energy Consolidated investment assets(4)


 


 
$
1,057

(1)
Reflects the retrospective adoption of ASU 2015-07 as of January 1, 2016, as we discuss in Note 2. Prior to adoption,
we included investments measured at NAV within the fair value hierarchy.
(2)
Excludes cash and cash equivalents of $1 million and accounts payable of $1 million held in SDG&E PBOP plan trusts.
(3)
Excludes cash and cash equivalents of $4 million and accounts payable of $4 million held in SoCalGas PBOP plan trusts.
(4)
Excludes cash and cash equivalents of $5 million and accounts payable of $5 million at Sempra Energy Consolidated.

FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF OTHER POSTRETIREMENT BENEFIT PLANS
(Dollars in millions)
 
Fair value at December 31, 2015
 
Level 1
 
Level 2
 
Total
SDG&E:
 
 
 
 
 
Equity securities:
 
 
 
 
 
Domestic
$
39

 
$
—

 
$
39

International
24

 
—

 
24

Registered investment companies
41

 
—

 
41

Fixed income securities:
 

 
 

 
 

Domestic government bonds
5

 
3

 
8

Domestic corporate bonds
—

 
15

 
15

International corporate bonds
—

 
4

 
4

Registered investment companies
—

 
16

 
16

Total investment assets in the fair value hierarchy
109

 
38

 
147

Investments measured at NAV – Common/collective trusts(1)
 
 
 
 
14

Total investment assets(2)
 
 
 
 
161

 
 
 
 
 
 
SoCalGas:
 

 
 

 
 

Equity securities:
 

 
 

 
 

Domestic
123

 
1

 
124

International
74

 
—

 
74

Registered investment companies
43

 
—

 
43

Fixed income securities:
 

 
 

 
 

Domestic government bonds
42

 
7

 
49

International government bonds
—

 
2

 
2

Domestic corporate bonds
—

 
87

 
87

International corporate bonds
—

 
28

 
28

Registered investment companies
—

 
49

 
49

Total investment assets in the fair value hierarchy
282

 
174

 
456

Investments measured at NAV – Common/collective trusts(1)
 
 
 
 
367

Total investment assets(3)
 
 
 
 
823

 
 
 
 
 
 
Other Sempra Energy:
 

 
 

 
 

Equity securities:
 

 
 

 
 

Domestic
5

 
1

 
6

International
3

 
—

 
3

Registered investment companies
4

 
—

 
4

Fixed income securities:
 

 
 

 
 

Domestic government bonds
2

 
—

 
2

International government bonds
—

 
1

 
1

Domestic corporate bonds
—

 
1

 
1

International corporate bonds
—

 
1

 
1

Registered investment companies
—

 
1

 
1

Total investment assets in the fair value hierarchy
14

 
5

 
19

Investments measured at NAV – Common/collective trusts(1)
 
 
 
 
1

Total other Sempra Energy investment assets
 
 
 
 
20

 
 
 
 
 
 
Total Sempra Energy Consolidated investment assets in the fair value hierarchy
$
405

 
$
217

 
 
Total Sempra Energy Consolidated investment assets(4)


 


 
$
1,004

(1)
Reflects the retrospective adoption of ASU 2015-07 as of January 1, 2016, as we discuss in Note 2. Prior to adoption,
we included investments measured at NAV within the fair value hierarchy.
(2)
Excludes cash and cash equivalents of $1 million and accounts payable of $1 million held in SDG&E PBOP plan trusts.
(3)
Excludes cash and cash equivalents of $3 million and accounts payable of $4 million held in SoCalGas PBOP plan trusts.
(4)
Excludes cash and cash equivalents of $4 million and accounts payable of $5 million at Sempra Energy Consolidated.
Schedule Of Defined Benefit Plans, Estimated Future Employer Contributions In Next Fiscal Year
EXPECTED CONTRIBUTIONS
 
 
 
 
 
(Dollars in millions)
 
 
 
 
 
 
 Sempra Energy Consolidated
 
SDG&E
 
SoCalGas
Pension plans
$
180

 
$
38

 
$
90

Other postretirement benefit plans
8

 
5

 
1
Schedule of Expected Benefit Payments
EXPECTED BENEFIT PAYMENTS
(Dollars in millions)
 
Sempra Energy Consolidated
 
SDG&E
 
SoCalGas
 
Pension benefits
 
Other postretirement benefits
 
Pension benefits
 
Other postretirement benefits
 
Pension benefits
 
Other postretirement benefits
2017
$
347

 
$
47

 
$
94

 
$
10

 
$
194

 
$
35

2018
317

 
51

 
84

 
11

 
189

 
37

2019
304

 
53

 
81

 
11

 
184

 
38

2020
291

 
56

 
77

 
12

 
175

 
39

2021
295

 
55

 
73

 
12

 
177

 
40

2022-2026
1,254

 
277

 
322

 
61

 
804

 
203
Schedule Of Defined Benefit Plans Contributions
CONTRIBUTIONS TO SAVINGS PLANS
(Dollars in millions)
 
2016
 
2015
 
2014
Sempra Energy Consolidated
$
42

 
$
43

 
$
38

SDG&E
15

 
17

 
15

SoCalGas
22

 
21

 
18