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SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION We have four separately managed reportable segments, as follows: ▪SDG&E provides electric service to San Diego and southern Orange counties and natural gas service to San Diego County. ▪SoCalGas is a natural gas distribution utility, serving customers throughout most of Southern California and part of central California. ▪Sempra Texas Utilitie s holds our investment in Oncor Holdings, which owns an 80.25% interest in Oncor, a regulated electricity transmission and distribution utility serving customers in the north-central, eastern, western and panhandle regions of Texas; and our indirect, 50% interest in Sharyland Holdings L.P., which owns Sharyland Utilities, L.L.C., a regulated electric transmission utility serving customers near the Texas-Mexico border. ▪Sempra Infrastructure includes the operating companies of our subsidiary, SI Partners, as well as a holding company and certain services companies. Sempra Infrastructure develops, builds, operates and invests in energy infrastructure to help enable the energy transition in North American markets and globally. We evaluate each segment’s performance based on its contribution to Sempra’s reported earnings and cash flows. SDG&E and SoCalGas operate in essentially separate service territories, under separate regulatory frameworks and rate structures set by the CPUC and, in the case of SDG&E, the FERC. The cost of common services shared by the business segments is assigned directly or allocated based on various cost factors, depending on the nature of the service provided. Interest income and expense is recorded on intercompany loans. The loan balances and related interest are eliminated in consolidation. The following tables show selected information by segment from our Condensed Consolidated Statements of Operations and Condensed Consolidated Balance Sheets. Amounts labeled as “All other” in the following tables consist primarily of activities of parent organizations.
SEGMENT INFORMATION |  |  |  |  |  |  |
(Dollars in millions) |  |  |  |  |  |
| Three months ended June 30, |  | Six months ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
REVENUES |  |  |  |  |  |  |
SDG&E | $ | 1,262 |  |  | $ | 1,399 |  |  | $ | 2,915 |  |  | $ | 2,844 |
SoCalGas | 1,467 |  |  | 1,501 |  |  | 5,261 |  |  | 3,494 |
Sempra Infrastructure | 660 |  |  | 689 |  |  | 1,856 |  |  | 1,113 |
Adjustments and eliminations | (2) |  |  | (2) |  |  | (1) |  |  | — |
Intersegment revenues(1) | (52) |  |  | (40) |  |  | (136) |  |  | (84) |
Total | $ | 3,335 |  |  | $ | 3,547 |  |  | $ | 9,895 |  |  | $ | 7,367 |
DEPRECIATION AND AMORTIZATION |  |  |  |  |  |  |
SDG&E | $ | 268 |  |  | $ | 244 |  |  | $ | 530 |  |  | $ | 483 |
SoCalGas | 208 |  |  | 188 |  |  | 414 |  |  | 375 |
Sempra Infrastructure | 70 |  |  | 67 |  |  | 139 |  |  | 132 |
All other | 3 |  |  | 2 |  |  | 5 |  |  | 4 |
Total | $ | 549 |  |  | $ | 501 |  |  | $ | 1,088 |  |  | $ | 994 |
INTEREST INCOME |  |  |  |  |  |  |
SDG&E | $ | 4 |  |  | $ | 1 |  |  | $ | 5 |  |  | $ | 1 |
SoCalGas | 1 |  |  | 1 |  |  | 5 |  |  | 1 |
Sempra Infrastructure | 6 |  |  | 9 |  |  | 21 |  |  | 30 |
All other | 6 |  |  | 4 |  |  | 10 |  |  | 8 |
Total | $ | 17 |  |  | $ | 15 |  |  | $ | 41 |  |  | $ | 40 |
INTEREST EXPENSE |  |  |  |  |  |  |
SDG&E | $ | 123 |  |  | $ | 114 |  |  | $ | 241 |  |  | $ | 220 |
SoCalGas | 71 |  |  | 45 |  |  | 140 |  |  | 85 |
Sempra Infrastructure | 25 |  |  | 32 |  |  | 120 |  |  | 59 |
All other | 99 |  |  | 81 |  |  | 183 |  |  | 151 |
Intercompany eliminations | (1) |  |  | (1) |  |  | (1) |  |  | (1) |
Total | $ | 317 |  |  | $ | 271 |  |  | $ | 683 |  |  | $ | 514 |
INCOME TAX EXPENSE (BENEFIT) |  |  |  |  |  |  |
SDG&E | $ | 4 |  |  | $ | 42 |  |  | $ | 11 |  |  | $ | 106 |
SoCalGas | (21) |  |  | 19 |  |  | 73 |  |  | 103 |
Sempra Infrastructure | 201 |  |  | 70 |  |  | 531 |  |  | 161 |
All other | (9) |  |  | (51) |  |  | (64) |  |  | 44 |
Total | $ | 175 |  |  | $ | 80 |  |  | $ | 551 |  |  | $ | 414 |
EQUITY EARNINGS |  |  |  |  |  |  |
Equity earnings, before income tax: |  |  |  |  |  |  |
Sempra Texas Utilities | $ | 2 |  |  | $ | 3 |  |  | $ | 3 |  |  | $ | 5 |
Sempra Infrastructure | 151 |  |  | 156 |  |  | 282 |  |  | 297 |
| 153 |  |  | 159 |  |  | 285 |  |  | 302 |
Equity earnings, net of income tax: |  |  |  |  |  |  |
Sempra Texas Utilities | 160 |  |  | 184 |  |  | 243 |  |  | 346 |
Sempra Infrastructure | 75 |  |  | 32 |  |  | 79 |  |  | 53 |
| 235 |  |  | 216 |  |  | 322 |  |  | 399 |
Total | $ | 388 |  |  | $ | 375 |  |  | $ | 607 |  |  | $ | 701 |
(1) Revenues for reportable segments include intersegment revenues of $5, $28, and $19 for the three months ended June 30, 2023 and $9, $62, and $65 for the six months ended June 30, 2023; $3, $23, and $14 for the three months ended June 30, 2022 and $7, $49, and $28 for the six months ended June 30, 2022 for SDG&E, SoCalGas, and Sempra Infrastructure, respectively.
SEGMENT INFORMATION (CONTINUED) |  |  |  |  |  |  |
(Dollars in millions) |  |  |  |
| Three months ended June 30, |  | Six months ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
EARNINGS (LOSSES) ATTRIBUTABLE TO COMMON SHARES |  |  |  |  |  |
SDG&E | $ | 184 |  |  | $ | 176 |  |  | $ | 442 |  |  | $ | 410 |
SoCalGas | 155 |  |  | 87 |  |  | 515 |  |  | 421 |
Sempra Texas Utilities | 160 |  |  | 186 |  |  | 243 |  |  | 348 |
Sempra Infrastructure | 208 |  |  | 183 |  |  | 523 |  |  | 278 |
All other | (104) |  |  | (73) |  |  | (151) |  |  | (286) |
Total | $ | 603 |  |  | $ | 559 |  |  | $ | 1,572 |  |  | $ | 1,171 |
EXPENDITURES FOR PROPERTY, PLANT & EQUIPMENT |  |  |  |  |  |
SDG&E |  |  |  |  | $ | 1,239 |  |  | $ | 1,090 |
SoCalGas |  |  |  |  | 961 |  |  | 931 |
Sempra Infrastructure |  |  |  |  | 2,078 |  |  | 336 |
All other |  |  |  |  | 4 |  |  | 4 |
Total |  |  |  |  | $ | 4,282 |  |  | $ | 2,361 |
|  |  |  |  | June 30, 2023 |  | December 31, 2022
ASSETS |  |  |  |  |  |  |
SDG&E |  |  |  |  | $ | 27,786 |  |  | $ | 26,422 |
SoCalGas |  |  |  |  | 22,591 |  |  | 22,346 |
Sempra Texas Utilities |  |  |  |  | 13,988 |  |  | 13,781 |
Sempra Infrastructure |  |  |  |  | 17,610 |  |  | 15,760 |
All other |  |  |  |  | 1,773 |  |  | 1,376 |
Intersegment receivables |  |  |  |  | (1,021) |  |  | (1,111) |
Total |  |  |  |  | $ | 82,727 |  |  | $ | 78,574 |
EQUITY METHOD INVESTMENTS |  |  |  |  |  |  |
Sempra Texas Utilities |  |  |  |  | $ | 13,979 |  |  | $ | 13,772 |
Sempra Infrastructure |  |  |  |  | 2,036 |  |  | 1,905 |
Total |  |  |  |  | $ | 16,015 |  |  | $ | 15,677 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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