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SUBSEQUENT EVENT (Tables)
6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
Earnings Per Share Computations Table
EARNINGS PER COMMON SHARE COMPUTATIONS
(Dollars in millions, except per share amounts; shares in thousands)
 Three months ended June 30,Six months ended June 30,
 2023202220232022
Numerator:    
Earnings attributable to common shares$603 $559 $1,572 $1,171 
Denominator:    
Weighted-average common shares outstanding for basic EPS(1)
315,007 314,845 314,963 315,595 
Dilutive effect of stock options and RSUs(2)
1,053 1,022 1,129 1,052 
Weighted-average common shares outstanding for diluted EPS316,060 315,867 316,092 316,647 
EPS:
Basic$1.91 $1.78 $4.99 $3.71 
Diluted$1.91 $1.77 $4.97 $3.70 
(1)    Includes 355 and 399 fully vested RSUs held in our Deferred Compensation Plan for the three months ended June 30, 2023 and 2022, respectively, and 358 and 403 of such RSUs for the six months ended June 30, 2023 and 2022, respectively. 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 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 of the Notes to Consolidated Financial Statements in the Annual Report, dilutive RSUs may vary widely from period-to-period.
The following represents the unaudited pro forma effect of the two-for-one stock split as if it had been effective for all periods presented:
PRO FORMA EARNINGS PER COMMON SHARE COMPUTATIONS ON A POST-SPLIT BASIS
(Dollars in millions, except per share amounts; shares in thousands)
 Three months ended June 30,Six months ended June 30,
 2023202220232022
Numerator:    
Earnings attributable to common shares$603 $559 $1,572 $1,171 
Denominator:    
Weighted-average common shares outstanding for basic EPS(1)
630,014 629,691 629,926 631,190 
Dilutive effect of stock options and RSUs2,107 2,044 2,259 2,104 
Weighted-average common shares outstanding for diluted EPS632,121 631,735 632,185 633,294 
EPS:
Basic$0.96 $0.89 $2.50 $1.86 
Diluted$0.95 $0.89 $2.49 $1.85 
(1)    Includes 710 and 798 fully vested RSUs held in our Deferred Compensation Plan for the three months ended June 30, 2023 and 2022, respectively, and 716 and 806 of such RSUs for the six months ended June 30, 2023 and 2022, respectively. 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.