NEW ACCOUNTING STANDARDS NEW ACCOUNTING STANDARDS (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Changes and Error Corrections [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

We expect no impact to SDG&E’s or SoCalGas’ balance sheets from adoption. The following table shows the expected (decreases) increases on Sempra Energy’s balance sheet at January 1, 2020 from adoption of ASU 2016-13.



EXPECTED IMPACT FROM ADOPTION OF ASU 2016-13
(Dollars in millions)
	Sempra Energy Consolidated
Accounts receivable – trade, net	$	(1	)
Due from unconsolidated affiliates – noncurrent	(6		)
Deferred income tax assets	4
Other current liabilities	4
Deferred credits and other	2
Retained earnings	(7		)
Other noncontrolling interests	(2		)

The following table shows the initial increases (decreases) on our balance sheets at January 1, 2019 from adoption of the lease standard.



IMPACT FROM ADOPTION OF THE LEASE STANDARD
(Dollars in millions)
	Sempra Energy Consolidated			SDG&E		SoCalGas
Assets held for sale	$	13		$	—	$	—
Other long-term assets	(71		)	—		—
Property, plant and equipment, net	(147		)	—		—
Right-of-use assets – operating leases	603			130		116
Deferred income tax assets	(3		)	—		—
Other current liabilities	80			20		23
Long-term debt and finance leases	(138		)	—		—
Deferred credits and other	436			110		93
Retained earnings	17			—		—

The following table shows the increases (decreases) on our balance sheet at January 1, 2019 from adoption of the lease standard.



IMPACT FROM ADOPTION OF THE LEASE STANDARD
(Dollars in millions)
Right-of-use assets – operating leases⁽¹⁾	$	191
Deferred income tax assets	(3		)
Property, plant and equipment, net⁽¹⁾	(147		)
Other current liabilities	3
Long-term debt	(138		)
Other long-term liabilities	159
Retained earnings⁽²⁾	17


⁽¹⁾	Included in Other Long-Term Assets.


⁽²⁾	Included in Shareholders’ Equity.