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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 9 Months Ended
Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Commodity Derivative Volumes Table
The following table summarizes net energy derivative volumes.
NET ENERGY DERIVATIVE VOLUMES
(Quantities in millions)
CommodityUnit of measureSeptember 30, 2023December 31, 2022
Sempra:
Natural gasMMBtu441 254 
ElectricityMWh— 1 
Congestion revenue rightsMWh40 42 
SDG&E:
Natural gasMMBtu16 15 
Congestion revenue rightsMWh40 42 
SoCalGas:
Natural gasMMBtu347 224 
Notional Amounts of Derivatives Table The following table presents the net notional amounts of our interest rate derivatives, excluding those in our equity method investments and the contingent interest rate swap.
INTEREST RATE DERIVATIVES
(Dollars in millions)
 September 30, 2023December 31, 2022
 Notional debtMaturitiesNotional debtMaturities
Sempra:    
Cash flow hedges(1)
$4,454 2023-2048$294 2023-2034
(1)    At September 30, 2023 and December 31, 2022, cash flow hedges accrued interest based on a notional of $491 and $294, respectively.
The following table presents the net notional amounts of our foreign currency derivatives, excluding those in our equity method investments.
FOREIGN CURRENCY DERIVATIVES
(Dollars in millions)
 September 30, 2023December 31, 2022
 Notional amountMaturitiesNotional amountMaturities
Sempra:    
Cross-currency swaps$— — $306 2023
Other foreign currency derivatives150 2023-2025111 2023-2024
Derivative Instruments on the Condensed Consolidated Balance Sheets Table The following tables provide the fair values of derivative instruments on the Condensed Consolidated Balance Sheets, including the amount of cash collateral receivables that were not offset because the cash collateral was in excess of liability positions.
DERIVATIVE INSTRUMENTS ON THE CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
 September 30, 2023
 
Current assets: Fixed-price contracts and other derivatives(1)
Other long-term assets
Other current
liabilities
Deferred credits and other
Sempra:    
Derivatives designated as hedging instruments:    
Interest rate instruments$15 $363 $— $— 
Foreign exchange instruments— 1 (8)— 
Derivatives not designated as hedging instruments:    
Commodity contracts not subject to rate recovery175 25 (172)(29)
Associated offsetting commodity contracts(166)(22)166 22 
Commodity contracts subject to rate recovery22 15 (171)(6)
Associated offsetting commodity contracts(16)(3)16 3 
Associated offsetting cash collateral— — — 1 
Net amounts presented on the balance sheet30 379 (169)(9)
Additional cash collateral for commodity contracts
not subject to rate recovery
89 — — — 
Additional cash collateral for commodity contracts
subject to rate recovery
82 — — — 
Total(2)
$201 $379 $(169)$(9)
SDG&E:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$18 $15 $(13)$(4)
Associated offsetting commodity contracts(12)(3)12 3 
Associated offsetting cash collateral— — — 1 
Net amounts presented on the balance sheet6 12 (1)— 
Additional cash collateral for commodity contracts
subject to rate recovery
80 — — — 
Total(2)
$86 $12 $(1)$— 
SoCalGas:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$4 $— $(158)$(2)
Associated offsetting commodity contracts(4)— 4 — 
Net amounts presented on the balance sheet— — (154)(2)
Additional cash collateral for commodity contracts
subject to rate recovery
2 — — — 
Total$2 $— $(154)$(2)
(1)    Included in Other Current Assets for SoCalGas.
(2)    Normal purchase contracts previously measured at fair value are excluded.
DERIVATIVE INSTRUMENTS ON THE CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
(Dollars in millions)
 December 31, 2022
Current assets: Fixed-price contracts and other derivatives(1)
Other long-term assetsOther current liabilitiesDeferred credits and other
Sempra:    
Derivatives designated as hedging instruments:    
Interest rate instruments$10 $33 $— $— 
Foreign exchange instruments— — (7)(1)
Interest rate and foreign exchange instruments— — (105)— 
Derivatives not designated as hedging instruments:    
Commodity contracts not subject to rate recovery480 133 (399)(132)
Associated offsetting commodity contracts(301)(39)301 39 
Commodity contracts subject to rate recovery138 27 (97)(2)
Associated offsetting commodity contracts(27)(2)27 2 
Interest rate instrument33 — — — 
Net amounts presented on the balance sheet333 152 (280)(94)
Additional cash collateral for commodity contracts
not subject to rate recovery
451 — — — 
Additional cash collateral for commodity contracts
subject to rate recovery
18 — — — 
Total(2)
$802 $152 $(280)$(94)
SDG&E:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$107 $27 $(13)$(2)
Associated offsetting commodity contracts(12)(2)12 2 
Net amounts presented on the balance sheet95 25 (1)— 
Additional cash collateral for commodity contracts
subject to rate recovery
17 — — — 
Total(2)
$112 $25 $(1)$— 
SoCalGas:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$31 $— $(84)$— 
Associated offsetting commodity contracts(15)— 15 — 
Net amounts presented on the balance sheet16 — (69)— 
Additional cash collateral for commodity contracts
subject to rate recovery
1 — — — 
Total$17 $— $(69)$— 
(1)    Included in Other Current Assets for SoCalGas.
(2)    Normal purchase contracts previously measured at fair value are excluded.
Cash Flow Hedge Impact on the Condensed Consolidated Statements of Comprehensive Income Table
The following table includes the effects of derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Operations and in OCI and AOCI.
CASH FLOW HEDGE IMPACTS
(Dollars in millions)
Pretax gain (loss)
recognized in OCI		Pretax gain (loss) reclassified
from AOCI into earnings
Three months ended September 30, Three months ended September 30,
 20232022Location20232022
Sempra:     
Interest rate instruments$320 $4 Interest Expense$(1)$(2)
Interest rate instruments32 68 
Equity Earnings(1)
12 (1)
Foreign exchange instruments8 2 
Revenues: Energy-
Related Businesses
— — 
Other Income (Expense), Net1 — 
Foreign exchange instruments7 1 
Equity Earnings(1)
1 — 
Interest rate and foreign
exchange instruments
— — Other Income (Expense), Net— (3)
Total$367 $75  $13 $(6)
 Nine months ended September 30, Nine months ended September 30,
 20232022Location20232022
Sempra:     
Interest rate instruments$337 $39 Interest Expense$(1)$(1)
Interest rate instruments56 212 
Equity Earnings(1)
33 (28)
Foreign exchange instruments— (1)
Revenues: Energy-
Related Businesses
— 2 
Other Income (Expense), Net(1)(1)
Foreign exchange instruments1 (1)
Equity Earnings(1)
(1)1 
Interest rate and foreign
exchange instruments
7 13 Interest Expense1 1 
Other Income (Expense), Net6 3 
Total$401 $262  $37 $(23)
SoCalGas:
Interest rate instruments$— $— Interest Expense$(1)$(1)
(1)    Equity earnings at our foreign equity method investees are recognized after tax.
Fair Value Hedge Impact on the Condensed Consolidated Statements of Operations Table
The following table summarizes the effects of derivative instruments not designated as hedging instruments on the Condensed Consolidated Statements of Operations.
UNDESIGNATED DERIVATIVE IMPACTS
(Dollars in millions)
  Pretax gain (loss) on derivatives recognized in earnings
  Three months ended
September 30,		Nine months ended
September 30,
 Location2023202220232022
Sempra:     
Commodity contracts not subject
to rate recovery
Revenues: Energy-Related
Businesses
$83 $(227)$785 $(455)
Commodity contracts subject
to rate recovery
Cost of Natural Gas(125)(11)(172)(15)
Commodity contracts subject
to rate recovery
Cost of Electric Fuel
and Purchased Power
23 16 5 10 
Interest rate instrumentInterest Expense— — (47)— 
Total $(19)$(222)$571 $(460)
SDG&E:     
Commodity contracts subject
to rate recovery
Cost of Electric Fuel
and Purchased Power
$23 $16 $5 $10 
SoCalGas:     
Commodity contracts subject
to rate recovery
Cost of Natural Gas$(125)$(11)$(172)$(15)