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EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2019
Retirement Benefits [Abstract]  
Schedule Of Defined Benefit Plans, Change In Benefit Obligation And Fair Value Of Plan Assets
The following three tables provide a reconciliation of the changes in the plans’ projected benefit obligations and the fair value of assets during 2019 and 2018, and a statement of the funded status at December 31, 2019 and 2018:
PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
SEMPRA ENERGY CONSOLIDATED
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2019
 
2018
 
2019
 
2018
CHANGE IN PROJECTED BENEFIT OBLIGATION
 
 
 
 
 
 
 
Net obligation at January 1
$
3,339

 
$
3,841

 
$
868

 
$
959

Service cost
110

 
124

 
17

 
21

Interest cost
139

 
140

 
36

 
36

Contributions from plan participants
—

 
—

 
21

 
23

Actuarial loss (gain)
445

 
(271
)
 
45

 
(123
)
Plan amendments
5

 
12

 
—

 
—

Benefit payments
(93
)
 
(113
)
 
(72
)
 
(74
)
Special termination benefits
—

 
—

 
—

 
5

Acquisition
—

 
—

 
—

 
21

Settlements
(177
)
 
(394
)
 
(2
)
 
—

Net obligation at December 31
3,768

 
3,339

 
913

 
868

 
 
 
 
 
 
 
 
CHANGE IN PLAN ASSETS
 

 
 

 
 

 
 

Fair value of plan assets at January 1
2,160

 
2,659

 
1,108

 
1,209

Actual return on plan assets
496

 
(180
)
 
218

 
(56
)
Employer contributions
276

 
188

 
8

 
6

Contributions from plan participants
—

 
—

 
21

 
23

Benefit payments
(93
)
 
(113
)
 
(72
)
 
(74
)
Settlements
(177
)
 
(394
)
 
(2
)
 
—

Fair value of plan assets at December 31
2,662

 
2,160

 
1,281

 
1,108

Funded status at December 31
$
(1,106
)
 
$
(1,179
)
 
$
368

 
$
240

Net recorded (liability) asset at December 31
$
(1,106
)
 
$
(1,179
)
 
$
368

 
$
240

PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
SAN DIEGO GAS & ELECTRIC COMPANY
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2019
 
2018
 
2019
 
2018
CHANGE IN PROJECTED BENEFIT OBLIGATION
 
 
 
 
 
 
 
Net obligation at January 1
$
814

 
$
971

 
$
170

 
$
185

Service cost
30

 
30

 
4

 
5

Interest cost
34

 
35

 
7

 
7

Contributions from plan participants
—

 
—

 
7

 
8

Actuarial loss (gain)
61

 
(63
)
 
7

 
(17
)
Plan amendments
3

 
8

 
—

 
—

Benefit payments
(18
)
 
(22
)
 
(18
)
 
(21
)
Special termination benefits
—

 
—

 
—

 
3

Settlements
(39
)
 
(145
)
 
—

 
—

Transfer of liability from other plans
10

 
—

 
—

 
—

Net obligation at December 31
895

 
814

 
177

 
170

 
 
 
 
 
 
 
 
CHANGE IN PLAN ASSETS
 

 
 

 
 

 
 

Fair value of plan assets at January 1
600

 
776

 
172

 
195

Actual return on plan assets
135

 
(56
)
 
36

 
(12
)
Employer contributions
52

 
47

 
—

 
2

Contributions from plan participants
—

 
—

 
7

 
8

Benefit payments
(18
)
 
(22
)
 
(18
)
 
(21
)
Settlements
(39
)
 
(145
)
 
—

 
—

Transfer of assets from other plans
9

 
—

 
—

 
—

Fair value of plan assets at December 31
739

 
600

 
197

 
172

Funded status at December 31
$
(156
)
 
$
(214
)
 
$
20

 
$
2

Net recorded (liability) asset at December 31
$
(156
)
 
$
(214
)
 
$
20

 
$
2

PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
SOUTHERN CALIFORNIA GAS COMPANY
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2019
 
2018
 
2019
 
2018
CHANGE IN PROJECTED BENEFIT OBLIGATION
 
 
 
 
 
 
 
Net obligation at January 1
$
2,148

 
$
2,486

 
$
646

 
$
737

Service cost
68

 
81

 
12

 
15

Interest cost
91

 
92

 
27

 
27

Contributions from plan participants
—

 
—

 
13

 
14

Actuarial loss (gain)
345

 
(215
)
 
39

 
(100
)
Plan amendments
2

 
—

 
—

 
—

Benefit payments
(59
)
 
(65
)
 
(49
)
 
(49
)
Special termination benefits
—

 
—

 
—

 
2

Settlements
(65
)
 
(231
)
 
—

 
—

Transfer of liability to other plans
(4
)
 
—

 
—

 
—

Net obligation at December 31
2,526

 
2,148

 
688

 
646

 
 
 
 
 
 
 
 
CHANGE IN PLAN ASSETS
 

 
 

 
 

 
 

Fair value of plan assets at January 1
1,385

 
1,694

 
916

 
993

Actual return on plan assets
320

 
(117
)
 
178

 
(43
)
Employer contributions
152

 
104

 
1

 
1

Contributions from plan participants
—

 
—

 
13

 
14

Benefit payments
(59
)
 
(65
)
 
(49
)
 
(49
)
Settlements
(65
)
 
(231
)
 
—

 
—

Transfer of assets from other plans
4

 
—

 
—

 
—

Fair value of plan assets at December 31
1,737

 
1,385

 
1,059

 
916

Funded status at December 31
$
(789
)
 
$
(763
)
 
$
371

 
$
270

Net recorded (liability) asset at December 31
$
(789
)
 
$
(763
)
 
$
371

 
$
270
Schedule Of Defined Benefit Plans, Amounts Recognized In Balance Sheet
The net (liability) asset is included in the following categories on the Consolidated Balance Sheets at December 31:
PENSION AND OTHER POSTRETIREMENT BENEFIT OBLIGATIONS, NET OF PLAN ASSETS
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2019
 
2018
 
2019
 
2018
Sempra Energy Consolidated:
 
 
 
 
 
 
 
Noncurrent assets
$
—

 
$
—

 
$
391

 
$
272

Current liabilities
(59
)
 
(62
)
 
(3
)
 
(6
)
Noncurrent liabilities
(1,047
)
 
(1,117
)
 
(20
)
 
(26
)
Net recorded (liability) asset
$
(1,106
)
 
$
(1,179
)
 
$
368

 
$
240

SDG&E:
 

 
 

 
 

 
 

Noncurrent assets
$
—

 
$
—

 
$
20

 
$
2

Current liabilities
(3
)
 
(2
)
 
—

 
—

Noncurrent liabilities
(153
)
 
(212
)
 
—

 
—

Net recorded (liability) asset
$
(156
)
 
$
(214
)
 
$
20

 
$
2

SoCalGas:
 

 
 

 
 

 
 

Noncurrent assets
$
—

 
$
—

 
$
371

 
$
270

Current liabilities
(4
)
 
(3
)
 
—

 
—

Noncurrent liabilities
(785
)
 
(760
)
 
—

 
—

Net recorded (liability) asset
$
(789
)
 
$
(763
)
 
$
371

 
$
270
Schedule Of Defined Benefit Plans, Amounts In Accumulated Other Comprehensive Income
Amounts recorded in AOCI at December 31, net of income tax effects and amounts recorded as regulatory assets, are as follows:
AMOUNTS IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2019
 
2018
 
2019
 
2018
Sempra Energy Consolidated(1):
 
 
 
 
 
 
 
Net actuarial (loss) gain
$
(113
)
 
$
(114
)
 
$
10

 
$
8

Prior service cost
(14
)
 
(12
)
 
—

 
—

Total
$
(127
)
 
$
(126
)
 
$
10

 
$
8

SDG&E:
 

 
 

 
 

 
 

Net actuarial loss
$
(9
)
 
$
(4
)
 
 

 
 

Prior service cost
(7
)
 
(6
)
 
 
 
 
Total
$
(16
)
 
$
(10
)
 
 
 
 
SoCalGas:
 

 
 

 
 

 
 

Net actuarial loss
$
(7
)
 
$
(6
)
 
 

 
 

Prior service cost
(3
)
 
(2
)
 
 

 
 

Total
$
(10
)
 
$
(8
)
 
 

 
 
Schedule Of Defined Benefit Plans, Pension Plans With Benefit Obligations In Excess Of Plan Assets The following table shows the obligations of funded pension plans with benefit obligations in excess of plan assets at December 31:
OBLIGATIONS OF FUNDED PENSION PLANS
(Dollars in millions)
 
2019
 
2018
Sempra Energy Consolidated:
 
 
 
Projected benefit obligation
$
3,578

 
$
3,130

Accumulated benefit obligation
3,229

 
2,894

Fair value of plan assets
2,662

 
2,160

SDG&E:
 
 
 

Projected benefit obligation
$
861

 
$
788

Accumulated benefit obligation
818

 
762

Fair value of plan assets
739

 
600

SoCalGas:
 

 
 

Projected benefit obligation
$
2,505

 
$
2,123

Accumulated benefit obligation
2,208

 
1,919

Fair value of plan assets
1,737

 
1,385

We also have unfunded pension plans at Sempra Energy, SDG&E, SoCalGas and IEnova. The following table shows the obligations of unfunded pension plans at December 31:
OBLIGATIONS OF UNFUNDED PENSION PLANS
(Dollars in millions)
 
2019
 
2018
Sempra Energy Consolidated:
 
 
 
Projected benefit obligation
$
190

 
$
209

Accumulated benefit obligation
158

 
186

SDG&E:
 
 
 

Projected benefit obligation
$
34

 
$
26

Accumulated benefit obligation
27

 
19

SoCalGas:
 

 
 

Projected benefit obligation
$
21

 
$
25

Accumulated benefit obligation
17

 
21

Sempra Energy, SDG&E and SoCalGas each have a funded other postretirement benefit plan. The following table shows the obligations of funded other postretirement benefit plans with accumulated postretirement benefit obligations in excess of plan assets at December 31:
OBLIGATIONS OF FUNDED OTHER POSTRETIREMENT BENEFIT PLANS
(Dollars in millions)
 
2019
 
2018
Sempra Energy Consolidated:
 
 
 
Accumulated postretirement benefit obligation
$
32

 
$
30

Fair value of plan assets
25

 
20

We also have unfunded other postretirement benefit plans at Sempra Energy. The following table shows the obligations of unfunded other postretirement benefit plans at December 31:
OBLIGATIONS OF UNFUNDED OTHER POSTRETIREMENT BENEFIT PLANS
(Dollars in millions)
 
2019
 
2018
Sempra Energy Consolidated:
 
 
 
Accumulated postretirement benefit obligation
$
16

 
$
22
Schedule of Net Periodic Costs and Amounts Recognized in OCI
The following tables provide the components of net periodic benefit cost and pretax amounts recognized in OCI for the years ended December 31:
NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OCI
SEMPRA ENERGY CONSOLIDATED
(Dollars in millions)
 
Pension benefits
 
Other postretirement benefits
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
NET PERIODIC BENEFIT COST
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
110

 
$
124

 
$
117

 
$
17

 
$
21

 
$
21

Interest cost
139

 
140

 
150

 
36

 
36

 
39

Expected return on assets
(144
)
 
(157
)
 
(161
)
 
(71
)
 
(70
)
 
(66
)
Amortization of:
 
 
 

 
 

 
 
 
 

 
 

Prior service cost
12

 
11

 
11

 
—

 
1

 
1

Actuarial loss (gain)
36

 
22

 
35

 
(10
)
 
(6
)
 
(4
)
Settlement charges
28

 
66

 
38

 
—

 
—

 
—

Special termination benefits
—

 
—

 
—

 
—

 
5

 
18

Net periodic benefit cost
181

 
206

 
190

 
(28
)
 
(13
)
 
9

Regulatory adjustment
77

 
(30
)
 
(42
)
 
29

 
17

 
—

Total expense recognized
258

 
176

 
148

 
1

 
4

 
9

 
 
 
 
 
 
 
 
 
 
 
 
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OCI (1)
 

 
 

 
 

 
 

 
 

 
 

Net loss (gain)
17

 
56

 
—

 
(3
)
 
(4
)
 
(2
)
Prior service cost
5

 
12

 
1

 
—

 
—

 
—

Amortization of actuarial loss
(13
)
 
(12
)
 
(10
)
 
—

 
—

 
—

Amortization of prior service cost
(3
)
 
(2
)
 
(1
)
 
—

 
—

 
—

Settlements
(28
)
 
(12
)
 
(8
)
 
—

 
—

 
—

Total recognized in OCI
(22
)
 
42

 
(18
)
 
(3
)
 
(4
)
 
(2
)
   Total recognized in net periodic benefit cost and OCI
$
236

 
$
218

 
$
130

 
$
(2
)
 
$
—

 
$
7

(1) 
Includes discontinued operations.
NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OCI
SAN DIEGO GAS & ELECTRIC COMPANY
(Dollars in millions)
 
Pension benefits
 
Other postretirement benefits
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
NET PERIODIC BENEFIT COST
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
30

 
$
30

 
$
29

 
$
4

 
$
5

 
$
5

Interest cost
34

 
35

 
38

 
7

 
7

 
8

Expected return on assets
(38
)
 
(47
)
 
(47
)
 
(11
)
 
(13
)
 
(11
)
Amortization of:
 

 
 

 
 

 
 

 
 

 
 

Prior service cost
3

 
2

 
1

 
2

 
3

 
3

Actuarial loss (gain)
11

 
1

 
9

 
(2
)
 
(3
)
 
—

Settlement charges
—

 
26

 
—

 
—

 
—

 
—

Special termination benefits
—

 
—

 
—

 
—

 
3

 
—

Net periodic benefit cost
40

 
47

 
30

 
—

 
2

 
5

Regulatory adjustment
14

 
(8
)
 
(8
)
 
—

 
—

 
—

Total expense recognized
54

 
39

 
22

 
—

 
2

 
5

 
 
 
 
 
 
 
 
 
 
 
 
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OCI 
 

 
 

 
 

 
 

 
 

 
 

Net loss (gain)
5

 
(1
)
 
2

 
—

 
—

 
—

Prior service cost
2

 
8

 
—

 
—

 
—

 
—

Amortization of actuarial loss
—

 
(1
)
 
(1
)
 
—

 
—

 
—

Amortization of prior service cost
(1
)
 
—

 
—

 
—

 
—

 
—

Settlements
—

 
(4
)
 
—

 
—

 
—

 
—

Total recognized in OCI
6

 
2

 
1

 
—

 
—

 
—

   Total recognized in net periodic benefit cost and OCI
$
60

 
$
41

 
$
23

 
$
—

 
$
2

 
$
5

NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OCI
SOUTHERN CALIFORNIA GAS COMPANY
(Dollars in millions)
 
Pension benefits
 
Other postretirement benefits
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
NET PERIODIC BENEFIT COST
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
68

 
$
81

 
$
76

 
$
12

 
$
15

 
$
14

Interest cost
91

 
92

 
98

 
27

 
27

 
29

Expected return on assets
(94
)
 
(98
)
 
(103
)
 
(58
)
 
(56
)
 
(53
)
Amortization of:
 

 
 

 
 

 
 

 
 

 
 

Prior service cost (credit)
8

 
8

 
9

 
(2
)
 
(3
)
 
(3
)
Actuarial loss (gain)
16

 
13

 
19

 
(8
)
 
(2
)
 
(3
)
Settlement charges
—

 
32

 
30

 
—

 
—

 
—

Special termination benefits
—

 
—

 
—

 
—

 
2

 
18

Net periodic benefit cost
89

 
128

 
129

 
(29
)
 
(17
)
 
2

Regulatory adjustment
63

 
(22
)
 
(34
)
 
29

 
17

 
—

Total expense recognized
152

 
106

 
95

 
—

 
—

 
2

 
 
 
 
 
 
 
 
 
 
 
 
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OCI
 

 
 

 
 

 
 

 
 

 
 

Net loss
2

 
1

 
—

 
—

 
—

 
—

Prior service cost
3

 
—

 
—

 
—

 
—

 
—

Transfer of actuarial loss
(4
)
 
—

 
—

 
—

 
—

 
—

Transfer of prior service cost
(1
)
 
—

 
—

 
—

 
—

 
—

Amortization of actuarial loss
(1
)
 
—

 
—

 
—

 
—

 
—

Amortization of prior service cost
—

 
(1
)
 
(1
)
 
—

 
—

 
—

Total recognized in OCI
(1
)
 
—

 
(1
)
 
—

 
—

 
—

   Total recognized in net periodic benefit cost and OCI
$
151

 
$
106

 
$
94

 
$
—

 
$
—

 
$
2
Schedule of Assumptions Used
The significant assumptions affecting benefit obligation and net periodic benefit cost are as follows:
WEIGHTED-AVERAGE ASSUMPTIONS USED TO DETERMINE BENEFIT OBLIGATION
AT DECEMBER 31
 
 
 
 
Pension benefits
 
Other postretirement benefits
 
2019
 
2018
 
2019
 
2018
Sempra Energy Consolidated:
 
 
 
 
 
 
 
Discount rate
3.49
%
 
4.29
%
 
3.54
%
 
4.29
%
Interest crediting rate(1)(2)
2.28

 
3.36

 
2.28

 
3.36

Rate of compensation increase
2.70-10.00

 
2.00-10.00

 
2.70-10.00

 
2.00-10.00

SDG&E:
 
 
 
 
 
 
 
Discount rate
3.44
%
 
4.29
%
 
3.55
%
 
4.30
%
Interest crediting rate(1)(2)
2.28

 
3.36

 
2.28

 
3.36

Rate of compensation increase
2.70-10.00

 
2.00-10.00

 
2.70-10.00

 
2.00-10.00

SoCalGas:
 
 
 
 
 
 
 
Discount rate
3.50
%
 
4.30
%
 
3.55
%
 
4.30
%
Interest crediting rate(1)(2)
2.28

 
3.36

 
2.28

 
3.36

Rate of compensation increase
2.70-10.00

 
2.00-10.00

 
2.70-10.00

 
2.00-10.00

(1) Interest crediting rate for pension benefits applies only to funded cash balance plans.
(2) Interest crediting rate for other postretirement benefits applies only to interest bearing health retirement accounts at SDG&E and SoCalGas.
WEIGHTED-AVERAGE ASSUMPTIONS USED TO DETERMINE NET PERIODIC BENEFIT COST
YEARS ENDED DECEMBER 31
 
 
 
 
Pension benefits
 
Other postretirement benefits
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Sempra Energy Consolidated:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.29
%
 
3.64
%
 
4.07
%
 
4.29
%
 
3.68
%
 
4.18
%
Expected return on plan assets
7.00

 
7.00

 
7.00

 
6.48

 
6.49

 
6.47

Interest crediting rate(1)(2)
3.36

 
2.80

 
2.86

 
3.36

 
2.80

 
2.86

Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

SDG&E:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.29
%
 
3.64
%
 
4.08
%
 
4.30
%
 
3.65
%
 
4.15
%
Expected return on plan assets
7.00

 
7.00

 
7.00

 
6.92

 
6.94

 
6.91

Interest crediting rate(1)(2)
3.36

 
2.80

 
2.86

 
3.36

 
2.80

 
2.86

Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

SoCalGas:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.30
%
 
3.65
%
 
4.10
%
 
4.30
%
 
3.70
%
 
4.20
%
Expected return on plan assets
7.00

 
7.00

 
7.00

 
6.38

 
6.38

 
6.37

Interest crediting rate(1)(2)
3.36

 
2.80

 
2.86

 
3.36

 
2.80

 
2.86

Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

(1) Interest crediting rate for pension benefits applies only to funded cash balance plans.
(2) Interest crediting rate for other postretirement benefits applies only to interest bearing health retirement accounts at SDG&E and SoCalGas.
Following are the health care cost trend rates applicable to our postretirement benefit plans:
ASSUMED HEALTH CARE COST TREND RATES
AT DECEMBER 31
 
 
 
 
 
 
 
 
 
 
 
 
Other postretirement benefit plans
 
Pre-65 retirees
 
Retirees aged 65 years and older
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Health care cost trend rate assumed for next year
6.25
%
 
6.50
%
 
7.00
%
 
4.75
%
 
4.75
%
 
5.00
%
Rate to which the cost trend rate is assumed to decline (the ultimate trend)
4.75
%
 
4.75
%
 
5.00
%
 
4.50
%
 
4.50
%
 
4.50
%
Year the rate reaches the ultimate trend
2025

 
2025

 
2022

 
2022

 
2022

 
2022
Schedule of Health Care Cost Trend Rates
Assumed health care cost trend rates have a significant effect on the amounts that we report for the health care plan costs. Following are the health care cost trend rates applicable to our postretirement benefit plans:
ASSUMED HEALTH CARE COST TREND RATES
AT DECEMBER 31
 
 
 
 
 
 
 
 
 
 
 
 
Other postretirement benefit plans
 
Pre-65 retirees
 
Retirees aged 65 years and older
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Health care cost trend rate assumed for next year
6.25
%
 
6.50
%
 
7.00
%
 
4.75
%
 
4.75
%
 
5.00
%
Rate to which the cost trend rate is assumed to decline (the ultimate trend)
4.75
%
 
4.75
%
 
5.00
%
 
4.50
%
 
4.50
%
 
4.50
%
Year the rate reaches the ultimate trend
2025

 
2025

 
2022

 
2022

 
2022

 
2022
Schedule Of Defined Benefit Plans, Fair Value Of Plan Assets By Level In Fair Value Hierarchy The fair values of our pension plan assets by asset category are as follows:
FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PENSION PLANS
(Dollars in millions)
 
Fair value at December 31, 2019
 
Level 1
 
Level 2
 
Total
Sempra Energy Consolidated:
 

 
 

 
 

Cash and cash equivalents
$
17

 
$
—

 
$
17

Equity securities:
 
 
 
 
 
Domestic
923

 
—

 
923

International
555

 
1

 
556

Registered investment companies
96

 
—

 
96

Fixed income securities:
 

 
 

 
 

Domestic government bonds
228

 
39

 
267

International government bonds
—

 
9

 
9

Domestic corporate bonds
—

 
346

 
346

International corporate bonds
—

 
62

 
62

Registered investment companies
—

 
2

 
2

Total investment assets in the fair value hierarchy
$
1,819

 
$
459

 
2,278

Accounts receivable/payable, net
 
 
 
 
(38
)
Investments measured at NAV:
 
 
 
 
 
Common/collective trusts
 
 
 
 
417

Private equity funds
 
 
 
 
5

Total investment assets


 


 
$
2,662

SDG&E’s proportionate share of investment assets
 
 
 
 
$
739

SoCalGas’ proportionate share of investment assets
 
 
 
 
$
1,737

 
 
 
 
 
 
 
Fair value at December 31, 2018
 
Level 1
 
Level 2
 
Total
Sempra Energy Consolidated:
 
 
 
 
 
Cash and cash equivalents
$
14

 
$
—

 
$
14

Equity securities:
 

 
 

 
 

Domestic
727

 
—

 
727

International
437

 
—

 
437

Registered investment companies
74

 
—

 
74

Fixed income securities:
 

 
 

 
 

Domestic government bonds
197

 
29

 
226

International government bonds
—

 
8

 
8

Domestic corporate bonds
—

 
311

 
311

International corporate bonds
—

 
53

 
53

Registered investment companies
—

 
1

 
1

Total investment assets in the fair value hierarchy
$
1,449

 
$
402

 
1,851

Accounts receivable/payable, net
 
 
 
 
(21
)
Investments measured at NAV:
 
 
 
 
 
Common/collective trusts
 
 
 
 
326

Private equity funds
 
 
 
 
4

Total investment assets
 
 
 
 
$
2,160

SDG&E’s proportionate share of investment assets
 
 
 
 
$
600

SoCalGas’ proportionate share of investment assets
 
 
 
 
$
1,385


The fair values by asset category of the PBOP plan assets held in the pension master trust and in the additional trusts for SoCalGas’ PBOP plans and SDG&E’s PBOP plan trusts are as follows:
FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF OTHER POSTRETIREMENT BENEFIT PLANS
(Dollars in millions)
 
Fair value at December 31, 2019
 
Level 1
 
Level 2
 
Total
SDG&E:
 
 
 
 
 
Equity securities:
 
 
 
 
 
Domestic
$
21

 
$
—

 
$
21

International
13

 
—

 
13

Registered investment companies
68

 
—

 
68

Fixed income securities:
 

 
 

 
 

Domestic government bonds
32

 
1

 
33

Domestic corporate bonds
—

 
8

 
8

International corporate bonds
—

 
1

 
1

Registered investment companies
—

 
8

 
8

Total investment assets in the fair value hierarchy
134

 
18

 
152

Accounts receivable/payable, net
 
 
 
 
(2
)
Investments measured at NAV – Common/collective trusts
 
 
 
 
47

Total investment assets
 
 
 
 
197

 
 
 
 
 
 
SoCalGas:
 

 
 

 
 

Cash and cash equivalents
3

 
—

 
3

Equity securities:
 

 
 

 
 

Domestic
78

 
—

 
78

International
48

 
—

 
48

Registered investment companies
52

 
—

 
52

Fixed income securities:
 

 
 

 
 

Domestic government bonds
267

 
21

 
288

International government bonds
1

 
10

 
11

Domestic corporate bonds
—

 
309

 
309

International corporate bonds
—

 
40

 
40

Registered investment companies
—

 
75

 
75

Derivative financial instruments
3

 
—

 
3

Total investment assets in the fair value hierarchy
452

 
455

 
907

Accounts receivable/payable, net
 
 
 
 
(5
)
Investments measured at NAV – Common/collective trusts
 
 
 
 
157

Total investment assets
 
 
 
 
1,059

 
 
 
 
 
 
Other Sempra Energy:
 

 
 

 
 

Equity securities:
 

 
 

 
 

Domestic
9

 
—

 
9

International
4

 
—

 
4

Fixed income securities:
 

 
 

 
 

Domestic government bonds
3

 
1

 
4

Domestic corporate bonds
—

 
3

 
3

International corporate bonds
—

 
1

 
1

Total investment assets in the fair value hierarchy
16

 
5

 
21

Investments measured at NAV – Common/collective trusts
 
 
 
 
4

Total other Sempra Energy investment assets
 
 
 
 
25

 
 
 
 
 
 
Total Sempra Energy Consolidated investment assets in the fair value hierarchy
$
602

 
$
478

 
 
Total Sempra Energy Consolidated investment assets


 


 
$
1,281



FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF OTHER POSTRETIREMENT BENEFIT PLANS
(Dollars in millions)
 
Fair value at December 31, 2018
 
Level 1
 
Level 2
 
Total
SDG&E:
 
 
 
 
 
Cash and cash equivalents
$
1

 
$
—

 
$
1

Equity securities:
 
 
 
 
 
Domestic
37

 
—

 
37

International
22

 
—

 
22

Registered investment companies
59

 
—

 
59

Fixed income securities:
 

 
 

 
 

Domestic government bonds
10

 
1

 
11

Domestic corporate bonds
—

 
16

 
16

International corporate bonds
—

 
3

 
3

Registered investment companies
—

 
7

 
7

Total investment assets in the fair value hierarchy
129

 
27

 
156

Accounts receivable/payable, net
 
 
 
 
(1
)
Investments measured at NAV – Common/collective trusts
 
 
 
 
17

Total investment assets
 
 
 
 
172

 
 
 
 
 
 
SoCalGas:
 

 
 

 
 

Cash and cash equivalents
6

 
—

 
6

Equity securities:
 

 
 

 
 

Domestic
66

 
—

 
66

International
39

 
—

 
39

Registered investment companies
62

 
—

 
62

Fixed income securities:
 

 
 

 
 

Domestic government bonds
236

 
13

 
249

International government bonds
1

 
4

 
5

Domestic corporate bonds
—

 
175

 
175

International corporate bonds
—

 
21

 
21

Registered investment companies
—

 
64

 
64

Derivative financial instruments
(4
)
 
—

 
(4
)
Total investment assets in the fair value hierarchy
406

 
277

 
683

Accounts receivable/payable, net
 
 
 
 
(4
)
Investments measured at NAV – Common/collective trusts
 
 
 
 
237

Total investment assets
 
 
 
 
916

 
 
 
 
 
 
Other Sempra Energy:
 

 
 

 
 

Equity securities:
 

 
 

 
 

Domestic
6

 
—

 
6

International
4

 
—

 
4

Fixed income securities:
 

 
 

 
 

Domestic government bonds
2

 
—

 
2

Domestic corporate bonds
—

 
2

 
2

Registered investment companies
—

 
1

 
1

Total investment assets in the fair value hierarchy
12

 
3

 
15

Investments measured at NAV – Common/collective trusts
 
 
 
 
4

Private equity funds
 
 
 
 
1

Total other Sempra Energy investment assets
 
 
 
 
20

 
 
 
 
 
 
Total Sempra Energy Consolidated investment assets in the fair value hierarchy
$
547

 
$
307

 
 
Total Sempra Energy Consolidated investment assets


 


 
$
1,108
Schedule Of Defined Benefit Plans, Estimated Future Employer Contributions In Next Fiscal Year
We expect to contribute the following amounts to our pension and PBOP plans in 2020:
EXPECTED CONTRIBUTIONS
 
 
 
 
 
(Dollars in millions)
 
 
 
 
 
 
 Sempra Energy Consolidated
 
SDG&E
 
SoCalGas
Pension plans
$
268

 
$
53

 
$
154

Other postretirement benefit plans
7

 
1

 
1
Schedule of Expected Benefit Payments
The following table shows the total benefits we expect to pay for the next 10 years to current employees and retirees from the plans or from company assets.
EXPECTED BENEFIT PAYMENTS
(Dollars in millions)
 
Sempra Energy Consolidated
 
SDG&E
 
SoCalGas
 
Pension benefits
 
Other postretirement benefits
 
Pension benefits
 
Other postretirement benefits
 
Pension benefits
 
Other postretirement benefits
2020
$
410

 
$
50

 
$
115

 
$
10

 
$
229

 
$
35

2021
263

 
48

 
69

 
10

 
166

 
35

2022
258

 
48

 
64

 
10

 
162

 
35

2023
243

 
48

 
64

 
10

 
156

 
35

2024
239

 
48

 
62

 
10

 
153

 
35

2025-2029
1,128

 
240

 
283

 
48

 
725

 
176
Schedule Of Defined Benefit Plans Contributions
Employer contributions to the savings plans were as follows:
EMPLOYER CONTRIBUTIONS TO SAVINGS PLANS
(Dollars in millions)
 
2019
 
2018
 
2017
Sempra Energy Consolidated
$
44

 
$
43

 
$
41

SDG&E
15

 
15

 
14

SoCalGas
24

 
23

 
22