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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [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,
| 2024 |  | 2023 |  | 2022
Sempra: |  |  |  |  |
Share-based compensation expense, before income taxes(1) | $ | 77 |  |  | $ | 71 |  |  | $ | 61 |
Income tax benefit(1) | (9) |  |  | (9) |  |  | (17) |
| $ | 68 |  |  | $ | 62 |  |  | $ | 44 |
Capitalized share-based compensation cost | $ | 13 |  |  | $ | 12 |  |  | $ | 11 |
Excess income tax (benefit) deficiency | (9) |  |  | (6) |  |  | (3) |
SDG&E: |  |  |  |  |
Share-based compensation expense, before income taxes | $ | 12 |  |  | $ | 13 |  |  | $ | 11 |
Income tax benefit | (2) |  |  | (2) |  |  | (3) |
| $ | 10 |  |  | $ | 11 |  |  | $ | 8 |
Capitalized share-based compensation cost | $ | 7 |  |  | $ | 7 |  |  | $ | 6 |
Excess income tax (benefit) deficiency | (1) |  |  | (1) |  |  | — |
SoCalGas: |  |  |  |  |
Share-based compensation expense, before income taxes | $ | 20 |  |  | $ | 18 |  |  | $ | 17 |
Income tax benefit | (4) |  |  | (3) |  |  | (5) |
| $ | 16 |  |  | $ | 15 |  |  | $ | 12 |
Capitalized share-based compensation cost | $ | 6 |  |  | $ | 5 |  |  | $ | 5 |
Excess income tax (benefit) deficiency | (2) |  |  | (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,
| 2024 |  | 2023 |  | 2022
Sempra: |  |  |  |  |
Stock price volatility | 26.49 | % |  | 27.35 | % |  | 26.08 | %
Expected term | 5.36 years |  | 5.36 years |  | 5.36 years
Risk-free rate of return | 3.90 | % |  | 3.89 | % |  | 1.40 | %
Annual dividend yield | 3.14 | % |  | 2.98 | % |  | 3.33 | %
Schedule Of Non-qualified Stock Options | The following table shows a summary of nonqualified stock options at December 31, 2024 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, 2024 | 1,759,798 |  |  | $ | 65.99 |  |  |  |  |
Granted | 414,812 |  |  | $ | 75.82 |  |  |  |  |
Exercised | (23,713) |  |  | $ | 62.87 |  |  |  |  |
Withheld related to net settlement | (120,231) |  |  | $ | 62.87 |  |  |  |  |
Outstanding at December 31, 2024 | 2,030,666 |  |  | $ | 68.22 |  |  | 6.78 |  | $ | 40 |
Vested or expected to vest at December 31, 2024 | 2,030,666 |  |  | $ | 68.22 |  |  | 6.78 |  | $ | 40 |
Exercisable at December 31, 2024 | 1,251,544 |  |  | $ | 64.45 |  |  | 5.81 |  | $ | 29 |
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,
| 2024 |  | 2023 |  | 2022
Sempra: |  |  |  |  |
Stock price volatility | 21.27 | % |  | 35.31 | % |  | 32.82 | %
Risk-free rate of return | 4.06 | % |  | 4.13 | % |  | 1.05 | %
Schedule Of Restricted Stock Units | The following table shows a summary of RSUs at December 31, 2024 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, 2024 | 1,829,984 |  |  | $ | 74.46 |  |  | 524,969 |  |  | $ | 70.63 |
Granted | 721,049 |  |  | $ | 75.70 |  |  | 321,576 |  |  | $ | 75.86 |
Vested | (571,322) |  |  | $ | 66.52 |  |  | (281,494) |  |  | $ | 68.68 |
Forfeited | (73,987) |  |  | $ | 76.78 |  |  | (21,963) |  |  | $ | 88.74 |
Nonvested at December 31, 2024(1) | 1,905,724 |  |  | $ | 77.22 |  |  | 543,088 |  |  | $ | 74.55 |
Expected to vest at December 31, 2024 | 1,865,938 |  |  | $ | 77.19 |  |  | 525,029 |  |  | $ | 74.49 |
(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.

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