SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement, Noncash Expense [Abstract]

Schedule Of Share-based Compensation Expense

Total share-based compensation expense for all of Sempra’s share-based awards was comprised as follows:

SHARE-BASED COMPENSATION EXPENSE
(Dollars in millions)
	Years ended December 31,
	2021		2020		2019
Sempra:
Share-based compensation expense, before income taxes(1)	$	58	$	62	$	66
Income tax benefit(1)	(16)		(17)		(18)
	$	42	$	45	$	48
Capitalized share-based compensation cost	$	9	$	11	$	11
Excess income tax (benefit) deficiency	$	(9)	$	(19)	$	4
SDG&E:
Share-based compensation expense, before income taxes	$	10	$	11	$	10
Income tax benefit	(3)		(3)		(3)
	$	7	$	8	$	7
Capitalized share-based compensation cost	$	5	$	7	$	6
Excess income tax (benefit) deficiency	$	(1)	$	(3)	$	1
SoCalGas:
Share-based compensation expense, before income taxes	$	14	$	14	$	15
Income tax benefit	(4)		(4)		(4)
	$	10	$	10	$	11
Capitalized share-based compensation cost	$	4	$	4	$	5
Excess income tax (benefit) deficiency	$	(1)	$	(3)	$	1

(1)    Includes activity of awards issued from the IEnova 2013 LTIP, which settled in cash upon vesting based on the price of IEnova’s common stock.

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

To calculate this fair value, we used the Black-Scholes model with the following weighted-average assumptions:

KEY ASSUMPTIONS FOR STOCK OPTIONS GRANTED
	Years ended December 31,
	2021		2020		2019
Sempra:
Stock price volatility	26.57	%	18.78	%	18.63	%
Expected term	5.36 years		5.34 years		5.34 years
Risk-free rate of return	0.41	%	1.68	%	2.49	%
Annual dividend yield	3.38	%	2.60	%	3.35	%

Schedule Of Non-qualified Stock Options

The following table shows a summary of nonqualified stock options at December 31, 2021 and activity for the year then ended:

NONQUALIFIED STOCK OPTIONS
	Common shares under options	Weighted- average exercise price		Weighted- average remaining contractual term (in years)	Aggregate intrinsic value (in millions)
Sempra:
Outstanding at January 1, 2021	365,395	$	120.93
Granted	222,620	$	123.80
Exercised	(50,671)	$	106.76
Outstanding at December 31, 2021	537,344	$	123.45	8.06	$	5
Vested or expected to vest at December 31, 2021	537,344	$	123.45	8.06	$	5
Exercisable at December 31, 2021	152,189	$	118.10	7.27	$	2

Schedule Of Restricted Stock Awards And Units Valuation Assumptions

Below are key assumptions for RSUs granted in the last three years:

KEY ASSUMPTIONS FOR RSUs GRANTED
	Years ended December 31,
	2021		2020		2019
Sempra:
Stock price volatility	33.39	%	16.35	%	17.74	%
Risk-free rate of return	0.16	%	1.55	%	2.46	%

Schedule Of Restricted Stock Units

The following table shows a summary of RSUs at December 31, 2021 and activity for the year then ended:

RESTRICTED STOCK UNITS
	Performance-based restricted stock units			Service-based restricted stock units
	Units	Weighted- average grant-date fair value		Units	Weighted- average grant-date fair value
Sempra:
Nonvested at January 1, 2021	893,961	$	121.61	343,577	$	121.59
Granted	323,889	$	133.03	143,980	$	124.84
Vested	(317,128)	$	105.03	(202,352)	$	116.28
Forfeited	(29,945)	$	131.55	(7,905)	$	161.49
Nonvested at December 31, 2021(1)	870,777	$	131.64	277,300	$	127.54
Expected to vest at December 31, 2021	854,697	$	131.47	271,197	$	127.47

(1)    Each RSU represents the right to receive one share of our common stock if applicable performance conditions are satisfied. For all performance-based RSUs, up to an additional 100% of the shares represented by the RSUs may be issued if Sempra exceeds target performance conditions.