XML 103 R52.htm IDEA: XBRL DOCUMENT
v3.24.0.1

SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Schedule Of Share-based Compensation Expense | Total share-based compensation expense for all of Sempra’s share-based awards was comprised as follows:
SHARE-BASED COMPENSATION EXPENSE
(Dollars in millions)
| Years ended December 31,
| 2023 |  | 2022 |  | 2021
Sempra: |  |  |  |  |
Share-based compensation expense, before income taxes(1) | $ | 71 |  |  | $ | 61 |  |  | $ | 58 |
Income tax benefit(1) | (9) |  |  | (17) |  |  | (16) |
| $ | 62 |  |  | $ | 44 |  |  | $ | 42 |
Capitalized share-based compensation cost | $ | 12 |  |  | $ | 11 |  |  | $ | 9 |
Excess income tax (benefit) deficiency | (6) |  |  | (3) |  |  | (9) |
SDG&E: |  |  |  |  |
Share-based compensation expense, before income taxes | $ | 13 |  |  | $ | 11 |  |  | $ | 10 |
Income tax benefit | (2) |  |  | (3) |  |  | (3) |
| $ | 11 |  |  | $ | 8 |  |  | $ | 7 |
Capitalized share-based compensation cost | $ | 7 |  |  | $ | 6 |  |  | $ | 5 |
Excess income tax (benefit) deficiency | (1) |  |  | — |  |  | (1) |
SoCalGas: |  |  |  |  |
Share-based compensation expense, before income taxes | $ | 18 |  |  | $ | 17 |  |  | $ | 14 |
Income tax benefit | (3) |  |  | (5) |  |  | (4) |
| $ | 15 |  |  | $ | 12 |  |  | $ | 10 |
Capitalized share-based compensation cost | $ | 5 |  |  | $ | 5 |  |  | $ | 4 |
Excess income tax (benefit) deficiency | (1) |  |  | — |  |  | (1) |
(1) Includes activity of awards issued from the IEnova 2013 LTIP, which settled in cash upon vesting based on the price of IEnova’s common stock.
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | To calculate this fair value, we used the Black-Scholes model with the following weighted-average assumptions:
KEY ASSUMPTIONS FOR STOCK OPTIONS GRANTED
| Years ended December 31,
| 2023 |  | 2022 |  | 2021
Sempra: |  |  |  |  |
Stock price volatility | 27.35 | % |  | 26.08 | % |  | 26.57 | %
Expected term | 5.36 years |  | 5.36 years |  | 5.36 years
Risk-free rate of return | 3.89 | % |  | 1.40 | % |  | 0.41 | %
Annual dividend yield | 2.98 | % |  | 3.33 | % |  | 3.38 | %
Schedule Of Non-qualified Stock Options | The following table shows a summary of nonqualified stock options at December 31, 2023 and activity for the year then ended:
NONQUALIFIED STOCK OPTIONS
| Common shares under options |  | Weighted- average exercise price |  | Weighted- average remaining contractual term (in years) |  | Aggregate intrinsic value (in millions)
Sempra: |  |  |  |  |  |  |
Outstanding at January 1, 2023 | 1,433,224 |  |  | $ | 63.51 |  |  |  |  |
Granted | 326,574 |  |  | $ | 76.86 |  |  |  |  |
Outstanding at December 31, 2023 | 1,759,798 |  |  | $ | 65.99 |  |  | 7.14 |  | $ | 15 |
Vested or expected to vest at December 31, 2023 | 1,759,798 |  |  | $ | 65.99 |  |  | 7.14 |  | $ | 15 |
Exercisable at December 31, 2023 | 991,618 |  |  | $ | 63.02 |  |  | 6.30 |  | $ | 12 |
Schedule Of Restricted Stock Awards And Units Valuation Assumptions | Below are key assumptions for RSUs granted in the last three years:
KEY ASSUMPTIONS FOR RSUs GRANTED
| Years ended December 31,
| 2023 |  | 2022 |  | 2021
Sempra: |  |  |  |  |
Stock price volatility | 35.31 | % |  | 32.82 | % |  | 33.39 | %
Risk-free rate of return | 4.13 | % |  | 1.05 | % |  | 0.16 | %
Schedule Of Restricted Stock Units | The following table shows a summary of RSUs at December 31, 2023 and activity for the year then ended:
RESTRICTED STOCK UNITS |  |  |  |
| Performance-based restricted stock units |  | Service-based restricted stock units
| Units |  | Weighted- average grant-date fair value |  | Units |  | Weighted- average grant-date fair value
Sempra: |  |  |  |  |  |  |
Nonvested at January 1, 2023 | 1,679,590 |  |  | $ | 72.20 |  |  | 551,274 |  |  | $ | 65.43 |
Granted | 661,620 |  |  | $ | 82.64 |  |  | 272,729 |  |  | $ | 76.76 |
Vested | (443,854) |  |  | $ | 77.86 |  |  | (266,962) |  |  | $ | 65.81 |
Forfeited | (67,372) |  |  | $ | 75.93 |  |  | (32,072) |  |  | $ | 87.08 |
Nonvested at December 31, 2023(1) | 1,829,984 |  |  | $ | 74.46 |  |  | 524,969 |  |  | $ | 70.63 |
Expected to vest at December 31, 2023 | 1,804,044 |  |  | $ | 74.38 |  |  | 512,658 |  |  | $ | 70.54 |
(1) Each RSU represents the right to receive one share of our common stock if applicable performance conditions are satisfied. For all performance-based RSUs, up to an additional 100% of the shares represented by the RSUs may be issued if Sempra exceeds target performance conditions.

X
- Definition Schedule Of Non Qualified Stock Options [Table Text Block] + References No definition available. + Details
Name: | sre_ScheduleOfNonQualifiedStockOptionsTableTextBlock
Namespace Prefix: | sre_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Restricted Stock Awards And Units Valuation Assumptions [Table Text Block] + References No definition available. + Details
Name: | sre_ScheduleOfRestrictedStockAwardsAndUnitsValuationAssumptionsTableTextBlock
Namespace Prefix: | sre_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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