SEMPRA - SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

SEMPRA - SEGMENT INFORMATION

SEGMENT INFORMATION

Sempra has three separately managed reportable segments, as follows:

▪Sempra California provides natural gas and electric service to Southern California and part of central California through Sempra’s wholly owned subsidiaries, SDG&E and SoCalGas.

▪Sempra Texas Utilities holds our investment in Oncor Holdings, which owns an 80.25% interest in Oncor, a regulated electric transmission and distribution utility serving customers in the north-central, eastern, western and panhandle regions of Texas; and our indirect 50% interest in Sharyland Holdings, which owns Sharyland Utilities, a regulated electric transmission utility serving customers near the Texas-Mexico border.

▪Sempra Infrastructure includes the operating companies of our subsidiary, SI Partners, as well as a holding company and certain services companies. Sempra Infrastructure develops, builds, operates and invests in energy infrastructure to help enable the energy transition in North American markets and globally. Sempra Infrastructure owns a 70% interest in SI Partners.

The cost of common services shared by the business segments is assigned directly or allocated based on various cost factors, depending on the nature of the service provided. Interest income and expense is recorded on intercompany loans. The loan balances and related interest are eliminated in consolidation.

The following tables show selected information by segment from our Consolidated Balance Sheets, Consolidated Statements of Operations and Consolidated Statements of Cash Flows. We provide information about our equity method investments by segment in Note 6. Amounts labeled as “All other” in the following tables consist primarily of activities of parent organizations.

SEGMENT INFORMATION
(Dollars in millions)
	December 31,
	2023		2022
ASSETS
Sempra California	$	53,430	$	48,696
Sempra Texas Utilities	14,392		13,781
Sempra Infrastructure	19,430		15,760
All other	967		1,376
Intersegment receivables	(1,038)		(1,039)
Total	$	87,181	$	78,574
GEOGRAPHIC INFORMATION
Long-lived assets(1):
United States	$	62,324	$	55,035
Mexico	9,145		8,423
Asia	1		1
Total	$	71,470	$	63,459

(1)Includes net PP&E and investments.

SEGMENT INFORMATION (CONTINUED)
(Dollars in millions)
	Years ended December 31,
	2023		2022		2021
REVENUES
Sempra California	$	13,761	$	12,577	$	10,926
Sempra Infrastructure	3,071		1,919		1,997
All other	1		1		5
Adjustments and eliminations	(1)		(1)		—
Intersegment revenues(1)	(112)		(57)		(71)
Total	$	16,720	$	14,439	$	12,857
DEPRECIATION AND AMORTIZATION
Sempra California	$	1,937	$	1,743	$	1,605
Sempra Infrastructure	281		268		239
All other	9		8		11
Total	$	2,227	$	2,019	$	1,855
INTEREST INCOME
Sempra California	$	24	$	11	$	2
Sempra Infrastructure	43		44		75
All other	23		20		3
Intercompany eliminations	(1)		—		(11)
Total	$	89	$	75	$	69
INTEREST EXPENSE
Sempra California	$	782	$	647	$	569
Sempra Texas Utilities	1		—		—
Sempra Infrastructure	129		104		205
All other	400		306		444
Intercompany eliminations	(3)		(3)		(20)
Total	$	1,309	$	1,054	$	1,198
INCOME TAX (BENEFIT) EXPENSE
Sempra California	$	(31)	$	320	$	(109)
Sempra Texas Utilities	1		—		—
Sempra Infrastructure	673		249		238
All other	(153)		(13)		(30)
Total	$	490	$	556	$	99
EARNINGS (LOSSES) ATTRIBUTABLE TO COMMON SHARES
Sempra California	$	1,747	$	1,514	$	392
Sempra Texas Utilities	694		736		616
Sempra Infrastructure	877		310		682
All other	(288)		(466)		(436)
Total	$	3,030	$	2,094	$	1,254
EXPENDITURES FOR PROPERTY, PLANT & EQUIPMENT
Sempra California	$	4,560	$	4,466	$	4,204
Sempra Infrastructure	3,832		884		802
All other	5		7		9
Total	$	8,397	$	5,357	$	5,015
GEOGRAPHIC REVENUES(2)
United States	$	14,973	$	13,015	$	11,154
Mexico	1,747		1,424		1,703
Total	$	16,720	$	14,439	$	12,857

(1)Revenues for reportable segments include intersegment revenues of $18 and $94 for 2023; $14 and $43 for 2022; and $16 and $55 for 2021 for Sempra California and Sempra Infrastructure, respectively.

(2)Amounts are based on where the revenue originated, after intercompany eliminations.