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SEMPRA ENERGY - SHAREHOLDERS' EQUITY AND EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Schedule Of Earnings Per Share Computations
EARNINGS (LOSSES) PER COMMON SHARE COMPUTATIONS
 
 
 
 
 
(Dollars in millions, except per share amounts; shares in thousands)
 
 
 
 
 
 
Years ended December 31,
 
2019
 
2018
 
2017
Numerator for continuing operations:
 
 
 
 
 
Income from continuing operations, net of income tax
$
1,999

 
$
938

 
$
382

Earnings attributable to noncontrolling interests
(129
)
 
(44
)
 
(67
)
Mandatory convertible preferred stock dividends
(142
)
 
(125
)
 
—

Preferred dividends of subsidiary
(1
)
 
(1
)
 
(1
)
Earnings from continuing operations attributable to common shares
$
1,727

 
$
768

 
$
314

 
 
 
 
 
 
Numerator for discontinued operations:
 
 
 
 
 
Income (loss) from discontinued operations, net of income tax
$
363

 
$
188

 
$
(31
)
Earnings attributable to noncontrolling interests
(35
)
 
(32
)
 
(27
)
Earnings (losses) from discontinued operations attributable to common shares
$
328

 
$
156

 
$
(58
)
 
 
 
 
 
 
Numerator for earnings:
 
 
 
 
 
Earnings attributable to common shares
$
2,055

 
$
924

 
$
256

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Weighted-average common shares outstanding for basic EPS(1)
277,904

 
268,072

 
251,545

Dilutive effect of stock options and RSUs(2)
1,585

 
919

 
755

Dilutive effect of common shares sold forward
2,544

 
861

 
—

Weighted-average common shares outstanding for diluted EPS
282,033

 
269,852

 
252,300

 
 
 
 
 
 
Basic EPS:
 
 
 
 
 
Earnings from continuing operations
$
6.22

 
$
2.86

 
$
1.25

Earnings (losses) from discontinued operations
$
1.18

 
$
0.59

 
$
(0.23
)
Earnings
$
7.40

 
$
3.45

 
$
1.02

 
 
 
 
 
 
Diluted EPS:
 
 
 
 
 
Earnings from continuing operations
$
6.13

 
$
2.84

 
$
1.24

Earnings (losses) from discontinued operations
$
1.16

 
$
0.58

 
$
(0.23
)
Earnings
$
7.29

 
$
3.42

 
$
1.01


(1)
Includes fully vested RSUs held in our Deferred Compensation Plan of 617 in 2019, 641 in 2018 and 609 in 2017. These fully vested RSUs are included in weighted-average common shares outstanding for basic EPS because there are no conditions under which the corresponding shares will not be issued.
(2) 
Due to market fluctuations of both Sempra Energy common stock and the comparative indices used to determine the vesting percentage of our total shareholder return performance-based RSUs, which we discuss in Note 10, dilutive RSUs may vary widely from period-to-period.

Schedule Of Common Stock Activity The following table provides common stock activity for the last three years.
COMMON STOCK ACTIVITY
 
 
 
Years ended December 31,
 
2019
 
2018
 
2017
Common shares outstanding, January 1
273,769,513

 
251,358,977

 
250,152,514

Shares issued under forward sale agreements
16,906,185

 
21,175,473

 
—

RSUs vesting(1)
463,012

 
509,042

 
362,022

Stock options exercised
52,540

 
138,861

 
164,454

Savings plan issuance
475,774

 
553,036

 
567,428

Common stock investment plan(2)
199,253

 
231,242

 
254,047

Issuance of RSUs held in our Deferred Compensation Plan
59,470

 
3,357

 
7,811

Shares repurchased(3)
(212,822
)
 
(200,475
)
 
(149,299
)
Common shares outstanding, December 31
291,712,925

 
273,769,513

 
251,358,977

(1) 
Includes dividend equivalents.
(2) 
Participants in the Direct Stock Purchase Plan may reinvest dividends to purchase newly issued shares.
(3) 
Generally, we purchase shares of our common stock or units from LTIP participants who elect to sell to us a sufficient number of vested RSUs to meet minimum statutory tax withholding requirements.