XML 96 R45.htm IDEA: XBRL DOCUMENT
v3.24.0.1

SIGNIFICANT ACCOUNTING POLICIES AND OTHER FINANCIAL DATA (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Cash, Cash Equivalents and Restricted Cash | The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on Sempra’s Consolidated Balance Sheets to the sum of such amounts reported on Sempra’s Consolidated Statements of Cash Flows.
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH
(Dollars in millions)
| December 31,
| 2023 |  | 2022
Sempra: |  |  |
Cash and cash equivalents | $ | 236 |  |  | $ | 370 |
Restricted cash, current | 49 |  |  | 40 |
Restricted cash, noncurrent | 104 |  |  | 52 |
Total cash, cash equivalents and restricted cash on the Consolidated Statements of Cash Flows | $ | 389 |  |  | $ | 462 |
Schedule of Accounts Receivable, Allowance for Credit Loss | Changes in allowances for credit losses for trade receivables and other receivables are as follows:
CHANGES IN ALLOWANCES FOR CREDIT LOSSES
(Dollars in millions)
| 2023 |  | 2022 |  | 2021
Sempra: |  |  |  |  |
Allowances for credit losses at January 1 | $ | 181 |  |  | $ | 136 |  |  | $ | 138 |
Provisions for expected credit losses | 468 |  |  | 123 |  |  | 45 |
Write-offs | (116) |  |  | (78) |  |  | (47) |
Allowances for credit losses at December 31 | $ | 533 |  |  | $ | 181 |  |  | $ | 136 |
SDG&E: |  |  |  |  |
Allowances for credit losses at January 1 | $ | 78 |  |  | $ | 66 |  |  | $ | 69 |
Provisions for expected credit losses | 115 |  |  | 54 |  |  | 23 |
Write-offs | (49) |  |  | (42) |  |  | (26) |
Allowances for credit losses at December 31 | $ | 144 |  |  | $ | 78 |  |  | $ | 66 |
SoCalGas: |  |  |  |  |
Allowances for credit losses at January 1 | $ | 98 |  |  | $ | 69 |  |  | $ | 68 |
Provisions for expected credit losses | 300 |  |  | 65 |  |  | 22 |
Write-offs | (67) |  |  | (36) |  |  | (21) |
Allowances for credit losses at December 31 | $ | 331 |  |  | $ | 98 |  |  | $ | 69 |
Allowances for credit losses related to trade receivables and other receivables are included in the Consolidated Balance Sheets as follows:
ALLOWANCES FOR CREDIT LOSSES
(Dollars in millions)
| December 31,
| 2023 |  | 2022
Sempra: |  |  |
Accounts receivable – trade, net | $ | 480 |  |  | $ | 140 |
Accounts receivable – other, net | 52 |  |  | 40 |
Other long-term assets | 1 |  |  | 1 |
Total allowances for credit losses | $ | 533 |  |  | $ | 181 |
SDG&E: |  |  |
Accounts receivable – trade, net | $ | 116 |  |  | $ | 52 |
Accounts receivable – other, net | 27 |  |  | 25 |
Other long-term assets | 1 |  |  | 1 |
Total allowances for credit losses | $ | 144 |  |  | $ | 78 |
SoCalGas: |  |  |
Accounts receivable – trade, net | $ | 306 |  |  | $ | 83 |
Accounts receivable – other, net | 25 |  |  | 15 |
Total allowances for credit losses | $ | 331 |  |  | $ | 98 |
Schedule of Related Party Transactions | TRANSACTIONS WITH AFFILIATES We summarize amounts due from and to unconsolidated affiliates at our Registrants in the following table.
AMOUNTS DUE FROM (TO) UNCONSOLIDATED AFFILIATES
(Dollars in millions)
| December 31,
| 2023 |  | 2022
Sempra: |  |  |
Tax sharing arrangement with Oncor Holdings | $ | 25 |  |  | $ | 41 |
Various affiliates | 6 |  |  | 13 |
Total due from unconsolidated affiliates – current | $ | 31 |  |  | $ | 54 |
TAG Pipelines – 5.5% Note due January 9, 2024(1) | $ | (5) |  |  | $ | — |
Total due to unconsolidated affiliates – current | $ | (5) |  |  | $ | — |
TAG Pipelines(1): |  |  |
5.5% Note due January 9, 2024 | $ | — |  |  | $ | (40) |
5.5% Note due January 14, 2025 | (24) |  |  | (23) |
5.5% Note due July 16, 2025 | (23) |  |  | (21) |
5.5% Note due January 14, 2026 | (20) |  |  | (19) |
5.5% Note due July 14, 2026 | (11) |  |  | (11) |
5.5% Note due January 19, 2027 | (14) |  |  | — |
5.5% Note due July 21, 2027 | (17) |  |  | — |
TAG Norte – 5.74% Note due December 17, 2029 | (198) |  |  | (187) |
Total due to unconsolidated affiliates – noncurrent | $ | (307) |  |  | $ | (301) |
SDG&E: |  |  |
Sempra | $ | (44) |  |  | $ | (49) |
SoCalGas | (21) |  |  | (72) |
Various affiliates | (8) |  |  | (14) |
Total due to unconsolidated affiliates – current | $ | (73) |  |  | $ | (135) |
Income taxes due from Sempra(2) | $ | 246 |  |  | $ | 10 |
SoCalGas: |  |  |
SDG&E | $ | 21 |  |  | $ | 72 |
Various affiliates | 1 |  |  | 5 |
Total due from unconsolidated affiliates – current | $ | 22 |  |  | $ | 77 |
Sempra | $ | (38) |  |  | $ | (36) |
Total due to unconsolidated affiliates – current | $ | (38) |  |  | $ | (36) |
Income taxes due from (to) Sempra(2) | $ | 6 |  |  | $ | (16) |
(1) U.S. dollar-denominated loans at fixed interest rates. Amounts include principal balances plus accumulated interest outstanding. (2) SDG&E and SoCalGas are included in the consolidated income tax return of Sempra, and their respective income tax expense is computed as an amount equal to that which would result from each company having always filed a separate return. Amounts include current and noncurrent income taxes due to/from Sempra. The following table summarizes income statement information from unconsolidated affiliates.
INCOME STATEMENT IMPACT FROM UNCONSOLIDATED AFFILIATES
(Dollars in millions)
| Years ended December 31,
| 2023 |  | 2022 |  | 2021
Sempra: |  |  |  |  |
Revenues | $ | 44 |  |  | $ | 41 |  |  | $ | 31 |
Cost of sales | — |  |  | — |  |  | 11 |
Interest income | — |  |  | 16 |  |  | 50 |
Interest expense | 15 |  |  | 15 |  |  | 15 |
SDG&E: |  |  |  |  |
Revenues | $ | 21 |  |  | $ | 16 |  |  | $ | 11 |
Cost of sales | 113 |  |  | 92 |  |  | 103 |
SoCalGas: |  |  |  |  |
Revenues | $ | 124 |  |  | $ | 100 |  |  | $ | 98 |
Cost of sales(1) | 35 |  |  | (9) |  |  | 1 |
(1) Includes net commodity costs from natural gas transactions with unconsolidated affiliates.
Schedule of Inventory | The components of inventories are as follows:
INVENTORY BALANCES AT DECEMBER 31
(Dollars in millions)
| Sempra |  | SDG&E |  | SoCalGas
| 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2023 |  | 2022
Natural gas | $ | 174 |  |  | $ | 106 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | 155 |  |  | $ | 74 |
LNG | 9 |  |  | 62 |  |  | — |  |  | — |  |  | — |  |  | — |
Materials and supplies | 299 |  |  | 235 |  |  | 152 |  |  | 133 |  |  | 122 |  |  | 85 |
Total | $ | 482 |  |  | $ | 403 |  |  | $ | 153 |  |  | $ | 134 |  |  | $ | 277 |  |  | $ | 159 |
Schedule of Regulated Operations | The following table summarizes the location of balances related to the Wildfire Fund on Sempra’s and SDG&E’s Consolidated Balance Sheets.
WILDFIRE FUND
(Dollars in millions)
|  |  |  | December 31,
| Location |  |  | 2023 |  | 2022
Wildfire Fund asset: |  |  |  |  |  |
Current | Prepaid Expenses |  |  | $ | 28 |  |  | $ | 29 |
Noncurrent | Wildfire Fund |  |  | 269 |  |  | 303 |
Wildfire Fund obligation: |  |  |  |  |  |
Current | Other Current Liabilities |  |  | 13 |  |  | 13 |
Noncurrent | Deferred Credits and Other |  |  | 42 |  |  | 53 |
The CPUC approved the following cost of capital for SDG&E and SoCalGas that became effective on January 1, 2020 and remained in effect through December 31, 2022.
AUTHORIZED COST OF CAPITAL FOR 2020 – 2022
SDG&E |  | SoCalGas
Authorized weighting | Return on rate base | Weighted return on rate base |  | Authorized weighting | Return on rate base | Weighted return on rate base
45.25 | % | 4.59 | % | 2.08 | % | Long-Term Debt | 45.60 | % | 4.23 | % | 1.93 | %
2.75 |  | 6.22 |  | 0.17 |  | Preferred Equity | 2.40 |  | 6.00 |  | 0.14 |
52.00 |  | 10.20 |  | 5.30 |  | Common Equity | 52.00 |  | 10.05 |  | 5.23 |
100.00 | % |  | 7.55 | % |  | 100.00 | % |  | 7.30 | %
AUTHORIZED COST OF CAPITAL FOR 2023
SDG&E |  | SoCalGas
Authorized weighting | Return on rate base | Weighted return on rate base(1) |  | Authorized weighting | Return on rate base | Weighted return on rate base
45.25 | % | 4.05 | % | 1.83 | % | Long-Term Debt | 45.60 | % | 4.07 | % | 1.86 | %
2.75 |  | 6.22 |  | 0.17 |  | Preferred Equity | 2.40 |  | 6.00 |  | 0.14 |
52.00 |  | 9.95 |  | 5.17 |  | Common Equity | 52.00 |  | 9.80 |  | 5.10 |
100.00 | % |  | 7.18 | % |  | 100.00 | % |  | 7.10 | %
(1) Total weighted return on rate base does not sum due to rounding differences. For the measurement period that ended on September 30, 2023, SDG&E’s CCM benchmark rate was 4.367% based on Moody’s Baa- utility bond index and SoCalGas’ CCM benchmark rate was 4.074% based on Moody’s A- utility bond index. The actual average rate during the measurement period was 5.777% for SDG&E and 5.472% for SoCalGas. As such, the CCM was triggered for SDG&E and SoCalGas on September 30, 2023. In December 2023, the CPUC approved increases to SDG&E’s and SoCalGas’ authorized rates of return effective January 1, 2024, which will remain in effect through December 31, 2025, subject to the CCM. In January 2024, several parties submitted a request for the CPUC to review such approval.
AUTHORIZED COST OF CAPITAL FOR 2024 – 2025
SDG&E |  | SoCalGas
Authorized weighting | Return on rate base | Weighted return on rate base |  | Authorized weighting | Return on rate base | Weighted return on rate base
45.25 | % | 4.34 | % | 1.96 | % | Long-Term Debt | 45.60 | % | 4.54 | % | 2.07 | %
2.75 |  | 6.22 |  | 0.17 |  | Preferred Equity | 2.40 |  | 6.00 |  | 0.14 |
52.00 |  | 10.65 |  | 5.54 |  | Common Equity | 52.00 |  | 10.50 |  | 5.46 |
100.00 | % |  | 7.67 | % |  | 100.00 | % |  | 7.67 | %
Schedule of Other Intangible Assets | Other Intangible Assets included on Sempra’s Consolidated Balance Sheets are as follows:
OTHER INTANGIBLE ASSETS
(Dollars in millions)
| Amortization period (years) |  | December 31,
|  | 2023 |  | 2022
Sempra: |  |  |  |  |
Renewable energy transmission and consumption permits | 15 to 19 |  | $ | 169 |  |  | $ | 169 |
O&M agreement | 23 |  | 66 |  |  | 66 |
ESJ PPA | 14 |  | 190 |  |  | 190 |
Other | 10 to indefinite |  | 15 |  |  | 15 |
|  |  | 440 |  |  | 440 |
Less accumulated amortization: |  |  |  |  |
Renewable energy transmission and consumption permits |  |  | (59) |  |  | (50) |
O&M agreement |  |  | (17) |  |  | (15) |
ESJ PPA |  |  | (37) |  |  | (23) |
Other |  |  | (9) |  |  | (8) |
|  |  | (122) |  |  | (96) |
|  |  | $ | 318 |  |  | $ | 344 |
Schedule of Property, Plant and Equipment |
PROPERTY, PLANT AND EQUIPMENT BY MAJOR FUNCTIONAL CATEGORY
(Dollars in millions)
| December 31, |  | Depreciation rates for years ended December 31,
| 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2021
SDG&E: |  |  |  |  |  |  |  |  |
Natural gas operations | $ | 4,175 |  |  | $ | 3,707 |  |  | 2.60 | % |  | 2.57 | % |  | 2.55 | %
Electric distribution | 11,597 |  |  | 10,271 |  |  | 4.05 |  |  | 3.94 |  |  | 3.93 |
Electric transmission(1) | 8,504 |  |  | 8,061 |  |  | 3.04 |  |  | 3.03 |  |  | 3.02 |
Electric generation | 2,515 |  |  | 2,461 |  |  | 5.18 |  |  | 5.11 |  |  | 4.74 |
Other electric | 2,507 |  |  | 2,211 |  |  | 7.05 |  |  | 7.03 |  |  | 7.23 |
Construction work in progress(1) | 1,620 |  |  | 1,863 |  |  | N/A |  | N/A |  | N/A
Total SDG&E | 30,918 |  |  | 28,574 |  |  |  |  |  |  |
SoCalGas: |  |  |  |  |  |  |  |  |
Natural gas operations | 25,506 |  |  | 23,646 |  |  | 3.64 |  |  | 3.57 |  |  | 3.65 |
Other non-utility | 50 |  |  | 50 |  |  | 1.03 |  |  | 1.54 |  |  | 2.23 |
Construction work in progress | 1,469 |  |  | 1,362 |  |  | N/A |  | N/A |  | N/A
Total SoCalGas | 27,025 |  |  | 25,058 |  |  |  |  |  |  |
Other Sempra(2): |  |  |  |  | Estimated useful lives | Weighted-average useful life
Land and land rights | 488 |  |  | 476 |  |  | 16 to 44 years(3) |  | 37
Machinery and equipment: |  |  |  |  |  |  |  |  |
Pipelines and storage | 3,883 |  |  | 3,813 |  |  | 41 to 49 years |  | 42
Generating plants | 1,815 |  |  | 1,803 |  |  | 11 to 28 years |  | 26
LNG terminal | 1,139 |  |  | 1,138 |  |  | 43 years |  | 43
Refined products terminals | 656 |  |  | 643 |  |  | 38 years |  | 38
Other | 346 |  |  | 344 |  |  | 1 to 21 years |  | 15
Construction work in progress | 5,930 |  |  | 1,757 |  |  | N/A |  | N/A
Other | 295 |  |  | 287 |  |  | 2 to 34 years |  | 15
| 14,552 |  |  | 10,261 |  |  |  |  |  |  |
Total Sempra | $ | 72,495 |  |  | $ | 63,893 |  |  |  |  |  |  |
(1) At December 31, 2023, includes $554 in electric transmission assets and $7 in construction work in progress related to SDG&E’s 86% interest in the Southwest Powerlink transmission line, jointly owned by SDG&E with other utilities. SDG&E, and each of the other owners, holds its undivided interest as a tenant in common in the property. Each owner is responsible for its share of the project and participates in decisions concerning operations and capital expenditures. SDG&E’s share of operating expenses is included in Sempra’s and SDG&E’s Consolidated Statements of Operations. (2) Includes $310 and $246 at December 31, 2023 and 2022, respectively, of utility plant, primarily pipelines and other distribution assets at Ecogas. (3) Estimated useful lives are for land rights.
DEPRECIATION EXPENSE
(Dollars in millions)
| Years ended December 31,
| 2023 |  | 2022 |  | 2021
Sempra | $ | 2,202 |  |  | $ | 1,995 |  |  | $ | 1,833 |
SDG&E | 1,092 |  |  | 977 |  |  | 884 |
SoCalGas | 833 |  |  | 755 |  |  | 711 |
ACCUMULATED DEPRECIATION AND AMORTIZATION
(Dollars in millions)
| December 31,
| 2023 |  | 2022
SDG&E: |  |  |
Accumulated depreciation: |  |  |
Natural gas operations | $ | 1,048 |  |  | $ | 979 |
Electric transmission, distribution and generation(1) | 6,321 |  |  | 5,789 |
Total SDG&E | 7,369 |  |  | 6,768 |
SoCalGas: |  |  |
Accumulated depreciation: |  |  |
Natural gas operations | 7,835 |  |  | 7,291 |
Other non-utility | 17 |  |  | 17 |
Total SoCalGas | 7,852 |  |  | 7,308 |
Other Sempra: |  |  |
Accumulated depreciation – other(2) | 2,314 |  |  | 2,035 |
Total Sempra | $ | 17,535 |  |  | $ | 16,111 |
(1) Includes $323 at December 31, 2023 related to SDG&E’s 86% interest in the Southwest Powerlink transmission line, jointly owned by SDG&E and other utilities. (2) Includes $82 and $65 at December 31, 2023 and 2022, respectively, of accumulated depreciation for utility plant at Ecogas.
Schedule of Capitalized Financing Costs | The table below summarizes capitalized financing costs, comprised of AFUDC and capitalized interest.
CAPITALIZED FINANCING COSTS
(Dollars in millions)
| Years ended December 31,
| 2023 |  | 2022 |  | 2021
Sempra | $ | 448 |  |  | $ | 255 |  |  | $ | 217 |
SDG&E | 116 |  |  | 116 |  |  | 106 |
SoCalGas | 77 |  |  | 73 |  |  | 64 |
Schedule of Asset Retirement Obligations | The changes in AROs are as follows:
CHANGES IN ASSET RETIREMENT OBLIGATIONS
(Dollars in millions)
| Sempra |  | SDG&E |  | SoCalGas
| 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021 |  | 2023 |  | 2022 |  | 2021
Balance at January 1(1) | $ | 3,712 |  |  | $ | 3,538 |  |  | $ | 3,289 |  |  | $ | 887 |  |  | $ | 890 |  |  | $ | 876 |  |  | $ | 2,743 |  |  | $ | 2,582 |  |  | $ | 2,368 |
Accretion expense | 148 |  |  | 141 |  |  | 133 |  |  | 37 |  |  | 37 |  |  | 38 |  |  | 106 |  |  | 101 |  |  | 92 |
Liabilities incurred and acquired | 18 |  |  | 21 |  |  | 20 |  |  | 15 |  |  | 6 |  |  | 2 |  |  | — |  |  | — |  |  | — |
Payments | (62) |  |  | (57) |  |  | (63) |  |  | (59) |  |  | (54) |  |  | (60) |  |  | (3) |  |  | (3) |  |  | (3) |
Revisions(2) | 15 |  |  | 69 |  |  | 159 |  |  | 14 |  |  | 8 |  |  | 34 |  |  | 1 |  |  | 63 |  |  | 125 |
Balance at December 31(1) | $ | 3,831 |  |  | $ | 3,712 |  |  | $ | 3,538 |  |  | $ | 894 |  |  | $ | 887 |  |  | $ | 890 |  |  | $ | 2,847 |  |  | $ | 2,743 |  |  | $ | 2,582 |
(1) Current portion of the ARO for Sempra is included in Other Current Liabilities on the Consolidated Balance Sheets. (2) SDG&E’s change in ARO in 2022 and 2021 includes $1 and $22, respectively, due to a revised estimate that is offset in noncurrent Regulatory Liabilities and Regulatory Assets, respectively, on the Consolidated Balance Sheets.
Schedule of Changes in Accumulated Other Comprehensive Income by Component | The following tables present the changes in AOCI by component and amounts reclassified out of AOCI to net income, after amounts attributable to NCI.
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT(1)
(Dollars in millions)
| Foreign currency translation adjustments |  | Financial instruments |  | Pension and PBOP |  | Total AOCI
Sempra: |  |  |  |  |  |  |
Balance at December 31, 2020 | $ | (64) |  |  | $ | (331) |  |  | $ | (105) |  |  | $ | (500) |
OCI before reclassifications(2) | (34) |  |  | 62 |  |  | 8 |  |  | 36 |
Amounts reclassified from AOCI(3) | 19 |  |  | 113 |  |  | 14 |  |  | 146 |
Net OCI(2)(3) | (15) |  |  | 175 |  |  | 22 |  |  | 182 |
Balance at December 31, 2021 | (79) |  |  | (156) |  |  | (83) |  |  | (318) |
OCI before reclassifications | 10 |  |  | 147 |  |  | (11) |  |  | 146 |
Amounts reclassified from AOCI(4) | 10 |  |  | 19 |  |  | 8 |  |  | 37 |
Net OCI(4) | 20 |  |  | 166 |  |  | (3) |  |  | 183 |
Balance at December 31, 2022 | (59) |  |  | 10 |  |  | (86) |  |  | (135) |
OCI before reclassifications | 23 |  |  | 59 |  |  | (35) |  |  | 47 |
Amounts reclassified from AOCI(5) | — |  |  | (66) |  |  | 4 |  |  | (62) |
Net OCI(5) | 23 |  |  | (7) |  |  | (31) |  |  | (15) |
Balance at December 31, 2023 | $ | (36) |  |  | $ | 3 |  |  | $ | (117) |  |  | $ | (150) |
SDG&E: |  |  |  |  |  |  |
Balance at December 31, 2020 |  |  |  |  | $ | (10) |  |  | $ | (10) |
OCI before reclassifications |  |  |  |  | (1) |  |  | (1) |
Amounts reclassified from AOCI |  |  |  |  | 1 |  |  | 1 |
Net OCI |  |  |  |  | — |  |  | — |
Balance at December 31, 2021 |  |  |  |  | (10) |  |  | (10) |
OCI before reclassifications |  |  |  |  | 2 |  |  | 2 |
Amounts reclassified from AOCI |  |  |  |  | 1 |  |  | 1 |
Net OCI |  |  |  |  | 3 |  |  | 3 |
Balance at December 31, 2022 |  |  |  |  | (7) |  |  | (7) |
OCI before reclassifications |  |  |  |  | (2) |  |  | (2) |
Amounts reclassified from AOCI |  |  |  |  | 1 |  |  | 1 |
Net OCI |  |  |  |  | (1) |  |  | (1) |
Balance at December 31, 2023 |  |  |  |  | $ | (8) |  |  | $ | (8) |
SoCalGas: |  |  |  |  |  |  |
Balance at December 31, 2020 |  |  | $ | (13) |  |  | $ | (18) |  |  | $ | (31) |
OCI before reclassifications |  |  | — |  |  | (2) |  |  | (2) |
Amounts reclassified from AOCI |  |  | — |  |  | 2 |  |  | 2 |
Net OCI |  |  | — |  |  | — |  |  | — |
Balance at December 31, 2021 |  |  | (13) |  |  | (18) |  |  | (31) |
OCI before reclassifications |  |  | — |  |  | 4 |  |  | 4 |
Amounts reclassified from AOCI |  |  | 1 |  |  | 2 |  |  | 3 |
Net OCI |  |  | 1 |  |  | 6 |  |  | 7 |
Balance at December 31, 2022 |  |  | (12) |  |  | (12) |  |  | (24) |
OCI before reclassifications |  |  | — |  |  | (1) |  |  | (1) |
Amounts reclassified from AOCI |  |  | 1 |  |  | 1 |  |  | 2 |
Net OCI |  |  | 1 |  |  | — |  |  | 1 |
Balance at December 31, 2023 |  |  | $ | (11) |  |  | $ | (12) |  |  | $ | (23) |
(1) All amounts are net of income tax, if subject to tax, and after NCI. (2) Total AOCI includes $(28) of foreign currency translation adjustments and $(16) of financial instruments associated with the IEnova exchange and cash tender offers in 2021. We discuss these transactions in Note 14 in “Noncontrolling Interests – SI Partners Subsidiaries.” These transactions did not impact the Consolidated Statement of Comprehensive Income (Loss). (3) Total AOCI includes $19 of foreign currency translation adjustments and $47 of financial instruments associated with the sale of NCI to KKR Pinnacle in 2021. We discuss this transaction in Note 14 in “Noncontrolling Interests – SI Partners.” This transaction did not impact the Consolidated Statement of Comprehensive Income (Loss). (4) Total AOCI includes $9 of foreign currency translation adjustments associated with the sale of NCI to ADIA in 2022. We discuss this transaction in Note 14 in “Noncontrolling Interests – SI Partners.” This transaction did not impact the Consolidated Statement of Comprehensive Income (Loss). (5) Total AOCI includes $(46) of financial instruments associated with sale of NCI to KKR Denali in 2023, which we discuss in Note 14 in “Noncontrolling Interests – SI Partners Subsidiaries.” This transaction did not impact the Consolidated Statement of Comprehensive Income (Loss).
Schedule of Reclassifications out Of Accumulated Other Comprehensive Income |
RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
Details about AOCI components | Amounts reclassified from AOCI |  | Affected line item on Consolidated Statements of Operations
| Years ended December 31, |  |
| 2023 |  | 2022 |  | 2021 |  |
Sempra: |  |  |  |  |  |  |
Foreign currency translation adjustments | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | Operation and Maintenance
Financial instruments: |  |  |  |  |  |  |
Interest rate instruments | $ | 1 |  |  | $ | 1 |  |  | $ | 11 |  |  | Interest Expense
Interest rate instruments | (48) |  |  | 29 |  |  | 73 |  |  | Equity Earnings(1)
Foreign exchange instruments | 1 |  |  | (1) |  |  | 1 |  |  | Revenues: Energy-Related Businesses
| 2 |  |  | 1 |  |  | — |  |  | Other Income, Net
Foreign exchange instruments | 2 |  |  | — |  |  | — |  |  | Equity Earnings(1)
Interest rate and foreign exchange instruments | (1) |  |  | (2) |  |  | 1 |  |  | Interest Expense
| (6) |  |  | (12) |  |  | 6 |  |  | Other Income, Net
Total, before income tax | (49) |  |  | 16 |  |  | 92 |  |  |
| 6 |  |  | (6) |  |  | (24) |  |  | Income Tax Expense
Total, net of income tax | (43) |  |  | 10 |  |  | 68 |  |  |
| 23 |  |  | 9 |  |  | (2) |  |  | Earnings Attributable to Noncontrolling Interests
Total, net of income tax and after NCI | $ | (20) |  |  | $ | 19 |  |  | $ | 66 |  |  |
Pension and PBOP(2): |  |  |  |  |  |  |
Amortization of actuarial loss | $ | 3 |  |  | $ | 7 |  |  | $ | 8 |  |  | Other Income, Net
Amortization of prior service cost | 2 |  |  | 4 |  |  | 4 |  |  | Other Income, Net
Settlement charges | — |  |  | — |  |  | 7 |  |  | Other Income, Net
Total, before income tax | 5 |  |  | 11 |  |  | 19 |  |  |
| (1) |  |  | (3) |  |  | (5) |  |  | Income Tax Expense
Total, net of income tax | $ | 4 |  |  | $ | 8 |  |  | $ | 14 |  |  |
Total reclassifications for the period, net of income tax and after NCI | $ | (16) |  |  | $ | 28 |  |  | $ | 80 |  |  |
SDG&E: |  |  |  |  |  |  |
Pension and PBOP(2): |  |  |  |  |  |  |
Amortization of actuarial loss | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | Other Income, Net
Amortization of prior service cost | 1 |  |  | — |  |  | 1 |  |  | Other Income, Net
Total reclassifications for the period, net of income tax | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  |
SoCalGas: |  |  |  |  |  |  |
Financial instruments: |  |  |  |  |  |  |
Interest rate instruments | $ | 1 |  |  | $ | 1 |  |  | $ | — |  |  | Interest Expense
Pension and PBOP(2): |  |  |  |  |  |  |
Amortization of actuarial loss | $ | 1 |  |  | $ | 2 |  |  | $ | 1 |  |  | Other Expense, Net
Amortization of prior service cost | 1 |  |  | 1 |  |  | 1 |  |  | Other Expense, Net
Total, before income tax | 2 |  | 3 |  | 2 |  |
| (1) |  |  | (1) |  |  | — |  |  | Income Tax Benefit (Expense)
Total, net of income tax | $ | 1 |  |  | $ | 2 |  |  | $ | 2 |  |  |
Total reclassifications for the period, net of income tax | $ | 2 |  |  | $ | 3 |  |  | $ | 2 |  |  |
(1) Equity earnings at our foreign equity method investees are recognized after tax. (2) Amounts are included in the computation of net periodic benefit cost (see “Net Periodic Benefit Cost” in Note 9).
Schedule of Other Income (expense) | Other Income, Net, on the Consolidated Statements of Operations consists of the following:
OTHER INCOME (EXPENSE), NET
(Dollars in millions)
| Years ended December 31,
| 2023 |  | 2022 |  | 2021
Sempra: |  |  |  |  |
Allowance for equity funds used during construction | $ | 140 |  |  | $ | 143 |  |  | $ | 133 |
Investment gains (losses), net(1) | 28 |  |  | (42) |  |  | 50 |
Gains (losses) on interest rate and foreign exchange instruments, net | 4 |  |  | 11 |  |  | (28) |
Foreign currency transaction gains (losses), net(2) | 2 |  |  | (24) |  |  | (18) |
Non-service components of net periodic benefit cost | (106) |  |  | (59) |  |  | (67) |
Interest on regulatory balancing accounts, net | 79 |  |  | 26 |  |  | 6 |
Sundry, net | (16) |  |  | (31) |  |  | (18) |
Total | $ | 131 |  |  | $ | 24 |  |  | $ | 58 |
SDG&E: |  |  |  |  |
Allowance for equity funds used during construction | $ | 86 |  |  | $ | 88 |  |  | $ | 81 |
Non-service components of net periodic benefit cost | (19) |  |  | (11) |  |  | (13) |
Interest on regulatory balancing accounts, net | 42 |  |  | 18 |  |  | 6 |
Sundry, net | (12) |  |  | (3) |  |  | (10) |
Total | $ | 97 |  |  | $ | 92 |  |  | $ | 64 |
SoCalGas: |  |  |  |  |
Allowance for equity funds used during construction | $ | 54 |  |  | $ | 55 |  |  | $ | 48 |
Non-service components of net periodic benefit cost | (80) |  |  | (42) |  |  | (40) |
Interest on regulatory balancing accounts, net | 37 |  |  | 8 |  |  | — |
Sundry, net | (15) |  |  | (29) |  |  | (22) |
Total | $ | (4) |  |  | $ | (8) |  |  | $ | (14) |
(1) Represents net investment gains (losses) on dedicated assets in support of our executive retirement and deferred compensation plans. These amounts are offset by corresponding changes in compensation expense related to the plans, recorded in O&M on the Consolidated Statements of Operations. (2) Includes losses of $11 and $23 in 2022 and 2021, respectively, from translation to U.S. dollars of a Mexican peso-denominated loan to IMG, which are offset by corresponding amounts included in Equity Earnings on the Consolidated Statements of Operations.

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of regulation for public utility entities, including, but not limited to, rate requests, decommissioning costs and the amount of allowance for earnings on equity capitalized for rate making purposes. + References No definition available. + Details
Name: | us-gaap_PublicUtilitiesGeneralDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 + Details
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount of a liability for asset retirement obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 410 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481850/410-20-50-1 + Details
Name: | us-gaap_ScheduleOfAssetRetirementObligationsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the capitalization of the entity comprised of its long-term debt and equity instruments. The table may be detailed by subsidiary (legal entity) and include information by type of debt or equity detailed by instrument. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCapitalizationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483489/210-10-50-1 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
Name: | us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration