| REVENUES |
REVENUES We discuss revenue recognition for revenues from contracts with customers and from sources other than contracts with customers in Note 3 of the Notes to Consolidated Financial Statements in the Annual Report. The following table disaggregates our revenues from contracts with customers by major service line and market and provides a reconciliation to total revenues by segment. The majority of our revenue is recognized over time. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | DISAGGREGATED REVENUES | | (Dollars in millions) | | SDG&E | | SoCalGas | | Sempra Mexico | | Sempra LNG | | Consolidating adjustments and Parent and Other | | Sempra | | Three months ended September 30, 2021 | | By major service line: | | | | | | | | | | | | | Utilities | $ | 1,369 | | | $ | 966 | | | $ | 17 | | | $ | — | | | $ | (27) | | | $ | 2,325 | | | Energy-related businesses | — | | | — | | | 324 | | | 144 | | | (145) | | | 323 | | | Revenues from contracts with customers | $ | 1,369 | | | $ | 966 | | | $ | 341 | | | $ | 144 | | | $ | (172) | | | $ | 2,648 | | | | | | | | | | | | | | | By market: | | | | | | | | | | | | | Gas | $ | 145 | | | $ | 966 | | | $ | 231 | | | $ | 143 | | | $ | (165) | | | $ | 1,320 | | | Electric | 1,224 | | | — | | | 110 | | | 1 | | | (7) | | | 1,328 | | | Revenues from contracts with customers | $ | 1,369 | | | $ | 966 | | | $ | 341 | | | $ | 144 | | | $ | (172) | | | $ | 2,648 | | | | | | | | | | | | | | | Revenues from contracts with customers | $ | 1,369 | | | $ | 966 | | | $ | 341 | | | $ | 144 | | | $ | (172) | | | $ | 2,648 | | | Utilities regulatory revenues | 95 | | | 140 | | | — | | | — | | | — | | | 235 | | | Other revenues | — | | | — | | | 256 | | | (25) | | | (101) | | | 130 | | | Total revenues | $ | 1,464 | | | $ | 1,106 | | | $ | 597 | | | $ | 119 | | | $ | (273) | | | $ | 3,013 | | | | | | | | | | | | | | | | Nine months ended September 30, 2021 | | By major service line: | | | | | | | | | | | | | Utilities | $ | 3,755 | | | $ | 3,685 | | | $ | 61 | | | $ | — | | | $ | (79) | | | $ | 7,422 | | | Energy-related businesses | — | | | — | | | 859 | | | 260 | | | (282) | | | 837 | | | Revenues from contracts with customers | $ | 3,755 | | | $ | 3,685 | | | $ | 920 | | | $ | 260 | | | $ | (361) | | | $ | 8,259 | | | | | | | | | | | | | | | By market: | | | | | | | | | | | | | Gas | $ | 580 | | | $ | 3,685 | | | $ | 635 | | | $ | 257 | | | $ | (334) | | | $ | 4,823 | | | Electric | 3,175 | | | — | | | 285 | | | 3 | | | (27) | | | 3,436 | | | Revenues from contracts with customers | $ | 3,755 | | | $ | 3,685 | | | $ | 920 | | | $ | 260 | | | $ | (361) | | | $ | 8,259 | | | | | | | | | | | | | | | Revenues from contracts with customers | $ | 3,755 | | | $ | 3,685 | | | $ | 920 | | | $ | 260 | | | $ | (361) | | | $ | 8,259 | | | Utilities regulatory revenues | 364 | | | 53 | | | — | | | — | | | — | | | 417 | | | Other revenues | — | | | — | | | 448 | | | 107 | | | (218) | | | 337 | | | Total revenues | $ | 4,119 | | | $ | 3,738 | | | $ | 1,368 | | | $ | 367 | | | $ | (579) | | | $ | 9,013 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | DISAGGREGATED REVENUES (CONTINUED) | | (Dollars in millions) | | SDG&E | | SoCalGas | | Sempra Mexico | | Sempra LNG | | Consolidating adjustments and Parent and other | | Sempra | | Three months ended September 30, 2020 | | By major service line: | | | | | | | | | | | | | Utilities | $ | 1,301 | | | $ | 813 | | | $ | 12 | | | $ | — | | | $ | (25) | | | $ | 2,101 | | | Energy-related businesses | — | | | — | | | 244 | | | 35 | | | (32) | | | 247 | | | Revenues from contracts with customers | $ | 1,301 | | | $ | 813 | | | $ | 256 | | | $ | 35 | | | $ | (57) | | | $ | 2,348 | | | | | | | | | | | | | | | By market: | | | | | | | | | | | | | Gas | $ | 126 | | | $ | 813 | | | $ | 159 | | | $ | 33 | | | $ | (54) | | | $ | 1,077 | | | Electric | 1,175 | | | — | | | 97 | | | 2 | | | (3) | | | 1,271 | | | Revenues from contracts with customers | $ | 1,301 | | | $ | 813 | | | $ | 256 | | | $ | 35 | | | $ | (57) | | | $ | 2,348 | | | | | | | | | | | | | | | Revenues from contracts with customers | $ | 1,301 | | | $ | 813 | | | $ | 256 | | | $ | 35 | | | $ | (57) | | | $ | 2,348 | | | Utilities regulatory revenues | 171 | | | 29 | | | — | | | — | | | — | | | 200 | | | Other revenues | — | | | — | | | 95 | | | 28 | | | (27) | | | 96 | | | Total revenues | $ | 1,472 | | | $ | 842 | | | $ | 351 | | | $ | 63 | | | $ | (84) | | | $ | 2,644 | | | | | | | | | | | | | | | | Nine months ended September 30, 2020 | | By major service line: | | | | | | | | | | | | | Utilities | $ | 3,610 | | | $ | 3,261 | | | $ | 42 | | | $ | — | | | $ | (66) | | | $ | 6,847 | | | Energy-related businesses | — | | | — | | | 616 | | | 56 | | | (40) | | | 632 | | | Revenues from contracts with customers | $ | 3,610 | | | $ | 3,261 | | | $ | 658 | | | $ | 56 | | | $ | (106) | | | $ | 7,479 | | | | | | | | | | | | | | | By market: | | | | | | | | | | | | | Gas | $ | 518 | | | $ | 3,261 | | | $ | 439 | | | $ | 51 | | | $ | (98) | | | $ | 4,171 | | | Electric | 3,092 | | | — | | | 219 | | | 5 | | | (8) | | | 3,308 | | | Revenues from contracts with customers | $ | 3,610 | | | $ | 3,261 | | | $ | 658 | | | $ | 56 | | | $ | (106) | | | $ | 7,479 | | | | | | | | | | | | | | | Revenues from contracts with customers | $ | 3,610 | | | $ | 3,261 | | | $ | 658 | | | $ | 56 | | | $ | (106) | | | $ | 7,479 | | | Utilities regulatory revenues | 366 | | | (14) | | | — | | | — | | | — | | | 352 | | | Other revenues | — | | | — | | | 277 | | | 199 | | | (108) | | | 368 | | | Total revenues | $ | 3,976 | | | $ | 3,247 | | | $ | 935 | | | $ | 255 | | | $ | (214) | | | $ | 8,199 | |
Remaining Performance Obligations For contracts greater than one year, at September 30, 2021, we expect to recognize revenue related to the fixed fee component of the consideration as shown below. SoCalGas did not have any such performance obligations at September 30, 2021. | | | | | | | | | | | | REMAINING PERFORMANCE OBLIGATIONS(1) | | (Dollars in millions) | | Sempra | | SDG&E | 2021 (excluding first nine months of 2021) | $ | 88 | | | $ | 1 | | | 2022 | 368 | | | 4 | | | 2023 | 367 | | | 4 | | | 2024 | 367 | | | 4 | | | 2025 | 364 | | | 4 | | | Thereafter | 4,129 | | | 67 | | Total revenues to be recognized | $ | 5,683 | | | $ | 84 | |
(1) Excludes intercompany transactions. Contract Liabilities from Revenues from Contracts with Customers Activities within Sempra’s and SDG&E’s contract liabilities are presented below. There were no contract liabilities at SoCalGas in the nine months ended September 30, 2021 or 2020. | | | | | | | | | | | | | CONTRACT LIABILITIES | | (Dollars in millions) | | 2021 | | 2020 | | Sempra: | | | | | Contract liabilities at January 1 | $ | (207) | | | $ | (163) | | | | | | | Revenue from performance obligations satisfied during reporting period | 36 | | | 3 | | | Payments received in advance | (1) | | | — | | Contract liabilities at September 30(1) | $ | (172) | | | $ | (160) | | | SDG&E: | | | | | Contract liabilities at January 1 | $ | (87) | | | $ | (91) | | | Revenue from performance obligations satisfied during reporting period | 3 | | | 3 | | | | | | Contract liabilities at September 30(1) | $ | (84) | | | $ | (88) | |
(1) At September 30, 2021, includes $8 million and $4 million in Other Current Liabilities and $164 million and $80 million in Deferred Credits and Other on Sempra’s and SDG&E’s Condensed Consolidated Balance Sheets, respectively. Receivables from Revenues from Contracts with Customers The table below shows receivable balances associated with revenues from contracts with customers on the Condensed Consolidated Balance Sheets. | | | | | | | | | | | | | | RECEIVABLES FROM REVENUES FROM CONTRACTS WITH CUSTOMERS | | | (Dollars in millions) | | | September 30, 2021 | | December 31, 2020 | | | Sempra: | | | | | | Accounts receivable – trade, net | $ | 1,216 | | | $ | 1,447 | | | | Accounts receivable – other, net | 17 | | | 12 | | | Due from unconsolidated affiliates – current(1) | 2 | | | 3 | | | | | | | | | | | | | | Other long-term assets | 115 | | | — | | | | Total | $ | 1,350 | | | $ | 1,462 | | | | SDG&E: | | | | | | Accounts receivable – trade, net | $ | 642 | | | $ | 573 | | | | Accounts receivable – other, net | 11 | | | 8 | | | Due from unconsolidated affiliates – current(1) | 3 | | | 2 | | | | Other long-term assets | 47 | | | — | | | | Total | $ | 703 | | | $ | 583 | | | | SoCalGas: | | | | | | Accounts receivable – trade, net | $ | 462 | | | $ | 786 | | | | Accounts receivable – other, net | 6 | | | 4 | | | | Other long-term assets | 68 | | | — | | | | Total | $ | 536 | | | $ | 790 | | |
(1) Amount is presented net of amounts due to unconsolidated affiliates on the Condensed Consolidated Balance Sheets, when right of offset exists.
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