EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE (Tables)

12 Months Ended

Dec. 31, 2011

Effective Of Change In Accounting Principle Tables [Abstract]

Schedule Of Effective Change In Accounting Principle

EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE
(Dollars in millions, except per share amounts)
	As of and for the year ended December 31, 2011
	As
	Originally				Retrospectively
Sempra Energy Consolidated	Reported		Adjustments		Adjusted
CONSOLIDATED STATEMENT OF OPERATIONS
Depreciation and amortization	$	978	$	(2)	$	976
Income before income taxes and equity earnings
of certain unconsolidated subsidiaries		1,721		2		1,723
Income tax expense		366		28		394
Net income		1,407		(26)		1,381
Earnings		1,357		(26)		1,331
Basic earnings per common share	$	5.66	$	(0.11)	$	5.55
Diluted earnings per common share	$	5.62	$	(0.11)	$	5.51
CONSOLIDATED BALANCE SHEET
Property, plant and equipment	$	31,303	$	(111)	$	31,192
Less accumulated depreciation and amortization		(7,731)		4		(7,727)
Property, plant and equipment, net	$	23,572	$	(107)	$	23,465
Income taxes payable	$	16	$	(11)	$	5
Deferred income taxes, noncurrent liability		1,554		(34)		1,520
Deferred credits and other		783		1		784
Retained earnings		8,225		(63)		8,162
CONSOLIDATED STATEMENT OF CASH FLOWS
Net income	$	1,407	$	(26)	$	1,381
Adjustments to reconcile net income to net cash provided by
operating activities:
Depreciation and amortization		978		(2)		976
Deferred income taxes and investment tax credits		(24)		27		3
Net changes in other working capital components (income taxes, net)		(225)		1		(224)

EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE
(Dollars in millions, except per share amounts)
	Year ended December 31, 2010
	As
	Originally				Retrospectively
Sempra Energy Consolidated	Reported		Adjustments		Adjusted
CONSOLIDATED STATEMENT OF OPERATIONS
Depreciation and amortization	$	867	$	(1)	$	866
Income before income taxes and equity earnings
of certain unconsolidated subsidiaries		786		1		787
Income tax expense		102		31		133
Net income		733		(30)		703
Earnings		739		(30)		709
Basic earnings per common share	$	3.02	$	(0.12)	$	2.90
Diluted earnings per common share	$	2.98	$	(0.12)	$	2.86
CONSOLIDATED BALANCE SHEET
Income taxes receivable	$	248	$	9	$	257
Other current assets		192		1		193
Property, plant and equipment	$	27,087	$	(64)	$	27,023
Less accumulated depreciation and amortization		(7,211)		2		(7,209)
Property, plant and equipment, net	$	19,876	$	(62)	$	19,814
Deferred income taxes, noncurrent liability	$	1,561	$	(16)	$	1,545
Deferred credits and other		823		1		824
Retained earnings		7,329		(37)		7,292
CONSOLIDATED STATEMENT OF CASH FLOWS
Net income	$	733	$	(30)	$	703
Adjustments to reconcile net income to net cash provided by
operating activities:
Depreciation and amortization		867		(1)		866
Deferred income taxes and investment tax credits		48		(11)		37
Net changes in other working capital components (income taxes, net)		58		42		100