SIGNIFICANT ACCOUNTING POLICIES AND OTHER FINANCIAL DATA (Tables)

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on the Consolidated Balance Sheets to the sum of such amounts reported on the Consolidated Statements of Cash Flows.

RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH
(Dollars in millions)
	At December 31,
	2020		2019
Sempra Energy Consolidated:
Cash and cash equivalents	$	960	$	108
Restricted cash, current	22		31
Restricted cash, noncurrent	3		3
Cash, cash equivalents and restricted cash in discontinued operations	—		75
Total cash, cash equivalents and restricted cash on the Consolidated Statements of Cash Flows	$	985	$	217

Schedule of Accounts Receivable, Allowance for Credit Loss

TRADE AND OTHER ACCOUNTS RECEIVABLE – ALLOWANCES FOR CREDIT LOSSES
(Dollars in millions)
	Years ended December 31,
	2020		2019		2018
Sempra Energy Consolidated:
Allowances for credit losses at January 1	$	29	$	21	$	25
Incremental allowance upon adoption of ASU 2016-13	1		—		—
Provisions for expected credit losses	124		22		10
Write-offs	(16)		(14)		(14)
Allowances for credit losses at December 31(1)	$	138	$	29	$	21
SDG&E:
Allowances for credit losses at January 1	$	14	$	11	$	9
Provisions for expected credit losses	65		10		9
Write-offs	(10)		(7)		(7)
Allowances for credit losses at December 31(2)	$	69	$	14	$	11
SoCalGas:
Allowances for credit losses at January 1	$	15	$	10	$	16
Provisions for expected credit losses	59		12		1
Write-offs	(6)		(7)		(7)
Allowances for credit losses at December 31(3)	$	68	$	15	$	10

(1)     Balances at December 31, 2020 and 2019 include $111 million and $7 million, respectively, in Accounts Receivable – Trade, Net and $27 million and $22 million, respectively, in Accounts Receivable – Other, Net.

(2)     Balances at December 31, 2020 and 2019 include $55 million and $4 million, respectively, in Accounts Receivable – Trade, Net and $14 million and $10 million, respectively, in Accounts Receivable – Other, Net.

(3)     Balances at December 31, 2020 and 2019 include $55 million and $3 million, respectively, in Accounts Receivable – Trade, Net and $13 million and $12 million, respectively, in Accounts Receivable – Other, Net.

Financing Receivable, Allowance for Credit Loss

We provide below the changes in allowances for credit losses for loans and other amounts due from unconsolidated affiliates.

AMOUNTS DUE FROM UNCONSOLIDATED AFFILIATES – ALLOWANCES FOR CREDIT LOSSES
(Dollars in millions)
	Sempra Energy Consolidated(1)
Allowances for credit losses at January 1, 2020	$	—
Allowance established upon adoption of ASU 2016-13	6
Reduction to expected credit losses	(3)
Allowances for credit losses at December 31, 2020	$	3

(1)    Balance at December 31, 2020 includes negligible amounts and $3 million in Due from Unconsolidated Affiliates – Current and Due from Unconsolidated Affiliates – Noncurrent, respectively.

Schedule of Inventory

The components of inventories are as follows:

INVENTORY BALANCES AT DECEMBER 31
(Dollars in millions)
	Natural gas				LNG				Materials and supplies				Total
	2020		2019		2020		2019		2020		2019		2020		2019
Sempra Energy Consolidated	$	118	$	110	$	7	$	9	$	183	$	158	$	308	$	277
SDG&E	—		1		—		—		104		93		104		94
SoCalGas	94		90		—		—		59		46		153		136

Wildfire Fund

The following table summarizes the location of balances related to the Wildfire Fund on Sempra Energy’s and SDG&E’s Consolidated Balance Sheets and Consolidated Statements of Operations.

WILDFIRE FUND
(Dollars in millions)
		December 31,
	Location	2020		2019
Wildfire Fund asset:
Current	Other Current Assets(1)	$	29	$	29
Noncurrent	Wildfire Fund	363		392
Wildfire Fund obligation:
Current	Other Current Liabilities	$	13	$	13
Noncurrent	Deferred Credits and Other	75		86
		Years ended December 31,
		2020		2019
Amortization of Wildfire Fund asset	Operation and Maintenance	$	29	$	12
Accretion of Wildfire Fund obligation	Operation and Maintenance	2		1

(1)    Included in Prepaid Expenses for SDG&E.

The increases include separately authorized components for O&M and capital-related costs, as follows:

AUTHORIZED REVENUE REQUIREMENT INCREASES FOR 2020 AND 2021
(Dollars in millions)
	2020 increase from 2019				2021 increase from 2020
	Revenue increase		Percent increase		Revenue increase		Percent increase
SDG&E:
O&M	$	20	2.64	%	$	19	2.47	%
Capital-related costs	114		9.74		83		6.47
Total increase	$	134	6.74		$	102	4.83
SoCalGas:
O&M	$	36	2.64	%	$	34	2.40	%
Capital-related costs	184		14.36		116		7.93
Total increase	$	220	7.92		$	150	5.00

In December 2019, the CPUC approved the cost of capital and rate structures (shown in the table below) for SDG&E and SoCalGas that became effective on January 1, 2020 and will remain in effect through December 31, 2022. SDG&E did not propose a 2020 cost of preferred equity in this proceeding. In January 2020, SDG&E filed an advice letter to continue the cost of preferred equity for test year 2020 at 6.22%, which the CPUC approved in March 2020.

CPUC AUTHORIZED COST OF CAPITAL AND RATE STRUCTURE
SDG&E							SoCalGas
Authorized weighting		Return on rate base		Weighted return on rate base			Authorized weighting		Return on rate base		Weighted return on rate base
45.25	%	4.59	%	2.08	%	Long-Term Debt	45.60	%	4.23	%	1.93	%
2.75		6.22		0.17		Preferred Equity	2.40		6.00		0.14
52.00		10.20		5.30		Common Equity	52.00		10.05		5.23
100.00	%			7.55	%		100.00	%			7.30	%

Schedule of Property, Plant and Equipment

PROPERTY, PLANT AND EQUIPMENT BY MAJOR FUNCTIONAL CATEGORY
(Dollars in millions)
	December 31,				Depreciation rates for years ended December 31,
	2020		2019		2020		2019			2018
SDG&E:
Natural gas operations	$	2,805	$	2,534	2.51	%	2.47	%		2.44	%
Electric distribution	8,592		7,985		3.90		3.94			3.91
Electric transmission(1)	7,156		6,577		3.10		2.79			2.76
Electric generation	2,440		2,415		4.56		4.50			4.12
Other electric	1,743		1,492		6.92		6.61			6.43
Construction work in progress(1)	1,700		1,501		NA		NA			NA
Total SDG&E	24,436		22,504
SoCalGas:
Natural gas operations	19,961		18,370		3.63		3.60			3.60
Other non-utility	45		34		3.80		5.08			5.39
Construction work in progress	1,174		958		NA		NA			NA
Total SoCalGas	21,180		19,362
Other operating units and parent(2):					Estimated useful lives				Weighted-average useful life
Land and land rights	283		278		16 to 50 years(3)					31
Machinery and equipment:
Generating plants	1,288		1,154		11 to 25 years					22
LNG terminals	1,138		1,134		43 years					43
Pipelines and storage	3,482		3,596		5 to 50 years					44
Other	359		180		1 to 50 years					14
Construction work in progress	1,514		895		NA					NA
Other	248		226		4 to 50 years					23
	8,312		7,463
Total Sempra Energy Consolidated	$	53,928	$	49,329

(1)    At December 31, 2020, includes $505 million in electric transmission assets and $9 million in construction work in progress related to SDG&E’s 88% interest in the Southwest Powerlink transmission line, jointly owned by SDG&E with other utilities. SDG&E, and each of the other owners, holds its undivided interest as a tenant in common in the property. Each owner is responsible for its share of the project and participates in decisions concerning operations and capital expenditures. SDG&E’s share of operating expenses is included in Sempra Energy’s and SDG&E’s Consolidated Statements of Operations.

(2)    Includes $191 million and $178 million at December 31, 2020 and 2019, respectively, of utility plant, primarily pipelines and other distribution assets at Ecogas.

(3)    Estimated useful lives are for land rights.

DEPRECIATION EXPENSE
(Dollars in millions)
	Years ended December 31,
	2020		2019		2018
Sempra Energy Consolidated	$	1,646	$	1,551	$	1,470
SDG&E	797		757		686
SoCalGas	649		598		553

ACCUMULATED DEPRECIATION AND AMORTIZATION
(Dollars in millions)
	December 31,
	2020		2019
SDG&E:
Accumulated depreciation:
Natural gas operations	$	870	$	832
Electric transmission, distribution and generation(1)	5,145		4,705
Total SDG&E	6,015		5,537
SoCalGas:
Accumulated depreciation:
Natural gas operations	6,422		6,023
Other non-utility	15		15
Total SoCalGas	6,437		6,038
Other operating units and parent and other:
Accumulated depreciation – other(2)	1,473		1,302
Total Sempra Energy Consolidated	$	13,925	$	12,877

(1)    Includes $277 million at December 31, 2020 related to SDG&E’s 88% interest in the Southwest Powerlink transmission line, jointly owned by SDG&E and other utilities.

(2)    Includes $51 million and $49 million at December 31, 2020 and 2019, respectively, of accumulated depreciation for utility plant at Ecogas.

Schedule Of Capitalized Financing Costs

The table below summarizes capitalized interest and AFUDC.

CAPITALIZED FINANCING COSTS
(Dollars in millions)
	Years ended December 31,
	2020		2019		2018
Sempra Energy Consolidated	$	202	$	183	$	193
SDG&E	104		75		82
SoCalGas	55		47		48

Schedule Of Other Intangible Assets

Other Intangible Assets included on the Sempra Energy Consolidated Balance Sheets are as follows:

OTHER INTANGIBLE ASSETS
(Dollars in millions)
	Amortization period (years)	December 31,
		2020		2019
Renewable energy transmission and consumption permit	19	$	154	$	154
O&M agreement	23	66		66
Other	10 years to indefinite	30		30
		250		250
Less accumulated amortization:
Renewable energy transmission and consumption permit		(32)		(24)
O&M agreement		(9)		(6)
Other		(7)		(7)
		(48)		(37)
		$	202	$	213

Schedule Of Asset Retirement Obligations

The changes in AROs are as follows:

CHANGES IN ASSET RETIREMENT OBLIGATIONS
(Dollars in millions)
	Sempra Energy Consolidated				SDG&E				SoCalGas
	2020		2019		2020		2019		2020		2019
Balance as of January 1(1)	$	3,083	$	2,972	$	866	$	874	$	2,177	$	2,063
Accretion expense	127		123		39		39		86		81
Liabilities incurred	2		2		—		—		—		—
Deconsolidation	—		(2)		—		(2)		—		—
Payments	(63)		(46)		(60)		(44)		(2)		(2)
Revisions	140		34		31		(1)		107		35
Balance at December 31(1)	$	3,289	$	3,083	$	876	$	866	$	2,368	$	2,177

(1)    Current portion of the ARO for Sempra Energy Consolidated is included in Other Current Liabilities on the Consolidated Balance Sheets.

Schedule Of Changes In Accumulated Other Comprehensive Income By Component

The following tables present the changes in AOCI by component and amounts reclassified out of AOCI to net income, excluding amounts attributable to NCI:

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT(1)
(Dollars in millions)
	Foreign currency translation adjustments		Financial instruments		Pension and other postretirement benefits		Total accumulated other comprehensive income (loss)
Sempra Energy Consolidated(2):
Balance as of December 31, 2017	$	(420)	$	(122)	$	(84)	$	(626)
Adoption of ASU 2017-12	—		(3)		—		(3)
OCI before reclassifications	(144)		40		(52)		(156)
Amounts reclassified from AOCI	—		3		18		21
Net OCI	(144)		43		(34)		(135)
Balance as of December 31, 2018	(564)		(82)		(118)		(764)
Adoption of ASU 2018-02	—		(25)		(17)		(42)
OCI before reclassifications(3)	(43)		(116)		(18)		(177)
Amounts reclassified from AOCI(3)	—		8		36		44
Net OCI	(43)		(108)		18		(133)
Balance as of December 31, 2019	(607)		(215)		(117)		(939)
OCI before reclassifications(3)	(102)		(163)		(26)		(291)
Amounts reclassified from AOCI(3)	645		47		38		730
Net OCI(4)	543		(116)		12		439
Balance as of December 31, 2020	$	(64)	$	(331)	$	(105)	$	(500)
SDG&E:
Balance as of December 31, 2017					$	(8)	$	(8)
OCI before reclassifications					(6)		(6)
Amounts reclassified from AOCI					4		4
Net OCI					(2)		(2)
Balance as of December 31, 2018					(10)		(10)
Adoption of ASU 2018-02					(2)		(2)
OCI before reclassifications					(5)		(5)
Amounts reclassified from AOCI					1		1
Net OCI					(4)		(4)
Balance as of December 31, 2019					(16)		(16)
OCI before reclassifications(3)					(4)		(4)
Amounts reclassified from AOCI(3)					10		10
Net OCI					6		6
Balance as of December 31, 2020					$	(10)	$	(10)
SoCalGas:
Balance as of December 31, 2017			$	(13)	$	(8)	$	(21)
OCI before reclassifications			—		(1)		(1)
Amounts reclassified from AOCI			1		1		2
Net OCI			1		—		1
Balance as of December 31, 2018			(12)		(8)		(20)
Adoption of ASU 2018-02			(2)		(2)		(4)
OCI before reclassifications(3)			—		(4)		(4)
Amounts reclassified from AOCI(3)			1		4		5
Net OCI			1		—		1
Balance as of December 31, 2019			(13)		(10)		(23)
OCI before reclassifications(3)			—		(10)		(10)
Amounts reclassified from AOCI			—		2		2
Net OCI			—		(8)		(8)
Balance as of December 31, 2020			$	(13)	$	(18)	$	(31)

(1)    All amounts are net of income tax, if subject to tax, and exclude NCI.

(2)    Includes discontinued operations.

(3)    Pension and Other Postretirement Benefits and Total AOCI include $6 million in transfers of liabilities from SDG&E to SoCalGas and $3 million in transfers of liabilities from SDG&E to Sempra Energy in 2020 and $4 million in transfers of liabilities from SoCalGas to Sempra Energy in 2019 related to the nonqualified pension plans.

(4)    Total AOCI includes $4 million of foreign currency translation adjustments and $3 million of financial instruments associated with purchases of NCI, which we discuss below in “Other Noncontrolling Interests – Sempra Mexico,” and which does not impact the Consolidated Statement of Comprehensive Income (Loss).

Schedule Of Reclassifications Out Of Accumulated Other Comprehensive Income

RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
Details about accumulated other comprehensive income (loss) components	Amounts reclassified from accumulated other comprehensive income (loss)						Affected line item on Consolidated Statements of Operations
	Years ended December 31,
	2020		2019		2018
Sempra Energy Consolidated:
Foreign currency translation adjustments	$	645	$	—	$	—	Income from Discontinued Operations, Net of Income Tax
Financial instruments:
Interest rate instruments	$	—	$	10	$	9	(Loss) Gain on Sale of Assets
Interest rate instruments(1)	10		3		1		Interest Expense
Interest rate instruments	46		3		9		Equity Earnings
Foreign exchange instruments	(1)		2		(1)		Revenues: Energy-Related Businesses
Interest rate and foreign exchange instruments	1		—		(1)		Interest Expense
	11		(9)		(2)		Other (Expense) Income, Net
Foreign exchange instruments	—		2		(2)		Equity Earnings
Total before income tax	67		11		13
	(19)		(2)		(4)		Income Tax (Expense) Benefit
Net of income tax	48		9		9
	(1)		(1)		(6)		Earnings Attributable to Noncontrolling Interests
	$	47	$	8	$	3
Pension and other postretirement benefits(2):
Amortization of actuarial loss	$	8	$	12	$	11	Other (Expense) Income, Net
Amortization of actuarial loss	6		1		1		Income from Discontinued Operations, Net of Income Tax
Amortization of prior service cost	4		3		2		Other (Expense) Income, Net
Settlement charges	22		28		12		Other (Expense) Income, Net
Total before income tax	40		44		26
	(2)		—		—		Income from Discontinued Operations, Net of Income Tax
	(9)		(12)		(8)		Income Tax (Expense) Benefit
Net of income tax	$	29	$	32	$	18
Total reclassifications for the period, net of tax	$	721	$	40	$	21
SDG&E:
Financial instruments:
Interest rate instruments(1)	$	—	$	3	$	7	Interest Expense
	—		(3)		(7)		Earnings Attributable to Noncontrolling Interest
	$	—	$	—	$	—
Pension and other postretirement benefits(2):
Amortization of actuarial loss	$	1	$	—	$	1	Other Income, Net
Amortization of prior service cost	1		1		—		Other Income, Net
Settlement charges	—		—		4		Other Income, Net
Total before income tax	2		1		5
	(1)		—		(1)		Income Tax Expense
Net of income tax	$	1	$	1	$	4
Total reclassifications for the period, net of tax	$	1	$	1	$	4
SoCalGas:
Financial instruments:
Interest rate instruments	$	—	$	1	$	1	Interest Expense
Pension and other postretirement benefits(2):
Amortization of actuarial loss	$	1	$	1	$	—	Other (Expense) Income, Net
Amortization of prior service cost	1		—		1		Other (Expense) Income, Net
Total before income tax	2		1		1
	—		(1)		—		Income Tax Expense
Net of income tax	$	2	$	—	$	1
Total reclassifications for the period, net of tax	$	2	$	1	$	2

(1)    Amounts in 2019 and 2018 include Otay Mesa VIE. All of SDG&E’s interest rate derivative activity relates to Otay Mesa VIE.

(2)    Amounts are included in the computation of net periodic benefit cost (see “Net Periodic Benefit Cost” in Note 9).

Schedule Of Noncontrolling Interests

OTHER NONCONTROLLING INTERESTS
(Dollars in millions)
	Percent ownership held by noncontrolling interests				Equity (deficit) held by noncontrolling interests
	December 31,				December 31,
	2020		2019		2020		2019
Sempra Mexico:
IEnova	29.8	%	33.4	%	$	1,487	$	1,608
IEnova subsidiaries(1)	17.5		10.0 - 46.3		7		15
Sempra LNG:
Liberty Gas Storage, LLC	—		24.6		—		(13)
ECA LNG Phase 1	29.0		16.7		46		12
Parent and other:
PXiSE Energy Solutions, LLC	20.0		20.0		1		1
Discontinued Operations:
Chilquinta Energía subsidiaries(1)	—		19.7 - 43.4		—		23
Luz del Sur	—		16.4		—		205
Tecsur	—		9.8		—		5
Total Sempra Energy					$	1,541	$	1,856

(1)    IEnova and Chilquinta Energía have subsidiaries with NCI held by others. Percentage range reflects the highest and lowest ownership percentages among these subsidiaries.

Schedule of Related Party Transactions

TRANSACTIONS WITH AFFILIATES

We summarize amounts due from and to unconsolidated affiliates at Sempra Energy Consolidated, SDG&E and SoCalGas in the following table.

AMOUNTS DUE FROM (TO) UNCONSOLIDATED AFFILIATES
(Dollars in millions)
	December 31,
	2020		2019
Sempra Energy Consolidated:
Total due from various unconsolidated affiliates – current	$	20	$	32
Sempra Mexico(1):
ESJ – Note due December 31, 2022, net of negligible allowance for credit losses at December 31, 2020(2)	$	85	$	—
IMG JV – Note due March 15, 2022, net of allowance for credit losses of $3 at December 31, 2020(3)	695		742
Total due from unconsolidated affiliates – noncurrent	$	780	$	742
Sempra Mexico – TAG Pipelines Norte, S. de R.L. de C.V. – Note due December 20, 2021(1)(4)	$	(41)	$	—
Various affiliates	(4)		(5)
Total due to unconsolidated affiliates – current	$	(45)	$	(5)
Sempra Mexico(1):
TAG Pipelines Norte, S. de R.L. de C.V.
Note due December 20, 2021(4)	$	—	$	(39)
5.5% Note due January 9, 2024(5)	(68)		—
TAG JV – 5.74% Note due December 17, 2029(5)	(166)		(156)
Total due to unconsolidated affiliates – noncurrent	$	(234)	$	(195)
SDG&E:
Sempra Energy	$	(38)	$	(37)
SoCalGas	(21)		(10)
Various affiliates	(5)		(6)
Total due to unconsolidated affiliates – current	$	(64)	$	(53)
Income taxes due from Sempra Energy(6)	$	—	$	130
SoCalGas:
SDG&E	$	21	$	10
Various affiliates	1		1
Total due from unconsolidated affiliates – current	$	22	$	11
Sempra Energy	$	(31)	$	(45)
Various affiliates	—		(2)
Total due to unconsolidated affiliates – current	$	(31)	$	(47)
Income taxes due (to) from Sempra Energy(6)	$	(37)	$	152

(1)    Amounts include principal balances plus accumulated interest outstanding.

(2)    U.S. dollar-denominated loan at a variable interest rate based on 1-month LIBOR plus 196 bps (2.11% at December 31, 2020). At December 31, 2020, $1 million of accrued interest receivable is included in Due from Unconsolidated Affiliates – Current.

(3)    Mexican peso-denominated revolving line of credit for up to 14.2 billion Mexican pesos or approximately $712 million U.S. dollar-equivalent, at a variable interest rate based on the 91-day Interbank Equilibrium Interest Rate plus 220 bps (6.66% at December 31, 2020), to finance construction of the natural gas marine pipeline. At December 31, 2020, $2 million of accrued interest receivable is included in Due from Unconsolidated Affiliates – Current.

(4)    U.S. dollar-denominated loan at a variable interest rate based on 6-month LIBOR plus 290 bps (3.16% at December 31, 2020).

(5)    U.S. dollar-denominated loan at a fixed interest rate.

(6)    SDG&E and SoCalGas are included in the consolidated income tax return of Sempra Energy and their respective income tax expense is computed as an amount equal to that which would result from each company having always filed a separate return.

The following table summarizes income statement information from unconsolidated affiliates.

INCOME STATEMENT IMPACT FROM UNCONSOLIDATED AFFILIATES
(Dollars in millions)
	Years ended December 31,
	2020		2019		2018
Sempra Energy Consolidated
Revenue	$	37	$	52	$	64
Cost of Sales	45		50		46
Interest Income	56		74		62
Interest Expense	14		2		2
SDG&E:
Revenue	$	6	$	6	$	5
Cost of Sales	79		74		73
SoCalGas:
Revenue	$	88	$	69	$	64
Cost of Sales	—		8		—

Schedule Of Other Income (Expense)

Other (Expense) Income, Net on the Consolidated Statements of Operations consists of the following:

OTHER (EXPENSE) INCOME, NET
(Dollars in millions)
	Years ended December 31,
	2020		2019		2018
Sempra Energy Consolidated:
Allowance for equity funds used during construction	$	128	$	94	$	98
Investment gains (losses)(1)	41		61		(6)
(Losses) gains on interest rate and foreign exchange instruments, net	(67)		34		7
Foreign currency transaction (losses) gains, net(2)	(25)		21		(6)
Non-service component of net periodic benefit cost	(102)		(132)		(35)
Fine related to Energy Efficiency Program Inquiry	(6)		—		—
Penalties related to billing practices OII	—		(8)		—
Interest on regulatory balancing accounts, net	14		14		2
Sundry, net	(31)		(7)		(2)
Total	$	(48)	$	77	$	58
SDG&E:
Allowance for equity funds used during construction	$	79	$	56	$	61
Non-service component of net periodic benefit cost	(20)		(20)		(6)
Fine related to Energy Efficiency Program Inquiry	(6)		—		—
Interest on regulatory balancing accounts, net	9		13		4
Sundry, net	(10)		(10)		(3)
Total	$	52	$	39	$	56
SoCalGas:
Allowance for equity funds used during construction	$	41	$	34	$	36
Non-service component of net periodic benefit cost	(54)		(72)		(10)
Penalties related to billing practices OII	—		(8)		—
Interest on regulatory balancing accounts, net	5		1		(2)
Sundry, net	(20)		(10)		(9)
Total	$	(28)	$	(55)	$	15

(1)    Represents investment gains (losses) on dedicated assets in support of our executive retirement and deferred compensation plans. These amounts are offset by corresponding changes in compensation expense related to the plans, recorded in O&M on the Consolidated Statements of Operations.

(2)    Includes losses of $42 million in 2020, gains of $30 million in 2019 and losses of $3 million in 2018 from translation to U.S. dollars of a Mexican peso-denominated loan to IMG JV, which are offset by corresponding amounts included in Equity Earnings on the Consolidated Statements of Operations.