EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2023

Retirement Benefits [Abstract]

Schedule Of Defined Benefit Plans, Change In Benefit Obligation And Fair Value Of Plan Assets

The following three tables provide a reconciliation of the changes in the plans’ projected benefit obligations and the fair value of assets during 2023 and 2022, and a statement of the funded status at December 31, 2023 and 2022.

PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
(Dollars in millions)
	Pension(1)				PBOP
	2023		2022		2023		2022
Sempra:
CHANGE IN PROJECTED BENEFIT OBLIGATION
Net obligation at January 1	$	2,806	$	3,857	$	663	$	940
Service cost	109		146		13		23
Interest cost	157		118		37		28
Contributions from plan participants	—		—		23		23
Actuarial loss (gain)	190		(925)		28		(282)
Plan amendments	4		—		—		—
Benefit payments	(83)		(89)		(71)		(69)
Settlements	(76)		(301)		—		—
Net obligation at December 31	3,107		2,806		693		663
CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1	2,390		3,182		1,096		1,408
Actual return on plan assets	218		(625)		117		(271)
Employer contributions	215		223		4		5
Contributions from plan participants	—		—		23		23
Benefit payments	(83)		(89)		(71)		(69)
Settlements	(76)		(301)		—		—
Fair value of plan assets at December 31	2,664		2,390		1,169		1,096
Funded status at December 31	$	(443)	$	(416)	$	476	$	433
Net recorded (liability) asset at December 31	$	(443)	$	(416)	$	476	$	433

(1)    The accumulated benefit obligation was $2,865 and $2,574 at December 31, 2023 and 2022, respectively.

PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
(Dollars in millions)
	Pension(1)				PBOP
	2023		2022		2023		2022
SDG&E:
CHANGE IN PROJECTED BENEFIT OBLIGATION
Net obligation at January 1	$	714	$	885	$	134	$	188
Service cost	32		37		3		5
Interest cost	40		26		8		6
Contributions from plan participants	—		—		8		8
Actuarial loss (gain)	69		(135)		7		(54)
Benefit payments	(17)		(17)		(20)		(19)
Settlements	(31)		(82)		—		—
Net obligation at December 31	807		714		140		134
CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1	670		859		147		197
Actual return on plan assets	52		(142)		14		(40)
Employer contributions	52		52		1		1
Contributions from plan participants	—		—		8		8
Benefit payments	(17)		(17)		(20)		(19)
Settlements	(31)		(82)		—		—
Fair value of plan assets at December 31	726		670		150		147
Funded status at December 31	$	(81)	$	(44)	$	10	$	13
Net recorded (liability) asset at December 31	$	(81)	$	(44)	$	10	$	13

(1)    The accumulated benefit obligation was $769 and $678 at December 31, 2023 and 2022, respectively.

PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
(Dollars in millions)
	Pension(1)				PBOP
(Dollars in millions)	2023		2022		2023		2022
SoCalGas:
CHANGE IN PROJECTED BENEFIT OBLIGATION
Net obligation at January 1	$	1,814	$	2,647	$	497	$	706
Service cost	65		96		9		17
Interest cost	101		81		28		21
Contributions from plan participants	—		—		14		14
Actuarial loss (gain)	90		(748)		21		(215)
Benefit payments	(58)		(58)		(48)		(46)
Settlements	(35)		(204)		—		—
Net obligation at December 31	1,977		1,814		521		497
CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1	1,535		2,095		923		1,178
Actual return on plan assets	151		(449)		100		(224)
Employer contributions	151		151		1		1
Contributions from plan participants	—		—		14		14
Benefit payments	(58)		(58)		(48)		(46)
Settlements	(35)		(204)		—		—
Fair value of plan assets at December 31	1,744		1,535		990		923
Funded status at December 31	$	(233)	$	(279)	$	469	$	426
Net recorded (liability) asset at December 31	$	(233)	$	(279)	$	469	$	426

(1)    The accumulated benefit obligation was $1,799 and $1,644 at December 31, 2023 and 2022, respectively.

Schedule Of Defined Benefit Plans, Amounts Recognized In Balance Sheet

The net (liability) asset is included in the following categories on the Consolidated Balance Sheets.

PENSION AND PBOP OBLIGATIONS, NET OF PLAN ASSETS
(Dollars in millions)
	Pension				PBOP
	December 31,
	2023		2022		2023		2022
Sempra:
Noncurrent assets	$	—	$	8	$	485	$	443
Current liabilities	(44)		(23)		(1)		(1)
Noncurrent liabilities	(399)		(401)		(8)		(9)
Net recorded (liability) asset	$	(443)	$	(416)	$	476	$	433
SDG&E:
Noncurrent assets	$	—	$	—	$	10	$	13
Current liabilities	(2)		(2)		—		—
Noncurrent liabilities	(79)		(42)		—		—
Net recorded (liability) asset	$	(81)	$	(44)	$	10	$	13
SoCalGas:
Noncurrent assets	$	—	$	—	$	469	$	426
Current liabilities	(2)		(2)		—		—
Noncurrent liabilities	(231)		(277)		—		—
Net recorded (liability) asset	$	(233)	$	(279)	$	469	$	426

Schedule Of Defined Benefit Plans, Amounts In Accumulated Other Comprehensive Income

Amounts recorded in AOCI, net of income tax effects and amounts recorded as regulatory assets, are as follows.

AMOUNTS IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
	Pension				PBOP
	December 31,
	2023		2022		2023		2022
Sempra:
Net actuarial (loss) gain	$	(124)	$	(95)	$	13	$	14
Prior service cost	(6)		(5)		—		—
Total	$	(130)	$	(100)	$	13	$	14
SDG&E:
Net actuarial loss	$	(8)	$	(6)
Prior service cost	—		(1)
Total	$	(8)	$	(7)
SoCalGas:
Net actuarial loss	$	(10)	$	(9)
Prior service cost	(2)		(3)
Total	$	(12)	$	(12)

Schedule Of Defined Benefit Plans, Pension Plans With Benefit Obligations In Excess Of Plan Assets

The following table shows the obligations of funded pension plans with benefit obligations in excess of plan assets.

OBLIGATIONS OF FUNDED PENSION PLANS
(Dollars in millions)
	December 31,
	2023		2022
Sempra:
Projected benefit obligation	$	2,925	$	2,476
Accumulated benefit obligation	2,712		2,277
Fair value of plan assets	2,664		2,205
SDG&E:
Projected benefit obligation	$	781	$	691
Accumulated benefit obligation	746		658
Fair value of plan assets	726		670
SoCalGas:
Projected benefit obligation	$	1,944	$	1,785
Accumulated benefit obligation	1,771		1,619
Fair value of plan assets	1,744		1,535

We also have unfunded pension plans at Sempra, SDG&E, SoCalGas and IEnova. The following table shows the obligations of unfunded pension plans.

OBLIGATIONS OF UNFUNDED PENSION PLANS
(Dollars in millions)
	December 31,
	2023		2022
Sempra:
Projected benefit obligation	$	182	$	153
Accumulated benefit obligation	153		124
SDG&E:
Projected benefit obligation	$	26	$	23
Accumulated benefit obligation	23		20
SoCalGas:
Projected benefit obligation	$	33	$	29
Accumulated benefit obligation	28		25

Sempra, SDG&E and SoCalGas each have a funded PBOP plan. At December 31, 2023, Sempra’s, SDG&E’s and SoCalGas’ plan assets were each in excess of their respective obligations for funded PBOP plans with accumulated postretirement benefit obligations.

We also have unfunded PBOP plans at Sempra. The following table shows the obligations of unfunded PBOP plans.

OBLIGATIONS OF UNFUNDED PBOP PLANS
(Dollars in millions)
	December 31,
	2023		2022
Sempra:
Accumulated postretirement benefit obligation	$	9	$	10

Schedule of Net Periodic Costs and Amounts Recognized in OCI

The following tables provide the components of net periodic benefit cost (which, other than the service cost component, are included in Other Income, Net) and pretax amounts recognized in OCI.

NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OCI
(Dollars in millions)
	Pension						PBOP
	Years ended December 31,
	2023		2022		2021		2023		2022		2021
Sempra:
NET PERIODIC BENEFIT COST
Service cost	$	109	$	146	$	145	$	13	$	23	$	23
Interest cost	157		118		112		37		28		28
Expected return on assets	(169)		(183)		(173)		(69)		(64)		(61)
Amortization of:
Prior service cost (credit)	5		10		11		(2)		(2)		(2)
Actuarial loss (gain)	10		25		45		(23)		(15)		(9)
Settlement charges	—		28		38		—		—		—
Net periodic benefit cost (credit)	112		144		178		(44)		(30)		(21)
Regulatory adjustment	117		84		57		43		30		21
Total expense (income) recognized	229		228		235		(1)		—		—
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OCI
Net loss (gain)	42		12		(5)		(2)		(4)		(4)
Prior service cost	4		—		—		—		—		—
Amortization of actuarial (loss) gain	(5)		(8)		(8)		2		1		—
Amortization of prior service cost	(2)		(4)		(4)		—		—		—
Settlements	—		—		(7)		—		—		—
Total recognized in OCI	39		—		(24)		—		(3)		(4)
Total recognized in net periodic benefit cost and OCI	$	268	$	228	$	211	$	(1)	$	(3)	$	(4)

NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OCI
(Dollars in millions)
	Pension						PBOP
	Years ended December 31,
	2023		2022		2021		2023		2022		2021
SDG&E:
NET PERIODIC BENEFIT COST
Service cost	$	32	$	37	$	35	$	3	$	5	$	5
Interest cost	40		26		25		8		6		5
Expected return on assets	(39)		(46)		(50)		(8)		(10)		(10)
Amortization of:
Prior service cost	1		1		1		—		—		—
Actuarial loss (gain)	4		1		2		(2)		(2)		(2)
Settlement charges	—		14		6		—		—		—
Net periodic benefit cost (credit)	38		33		19		1		(1)		(2)
Regulatory adjustment	15		20		34		—		1		2
Total expense recognized	53		53		53		$	1	$	—	$	—
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OCI
Net loss (gain)	3		(3)		1
Amortization of actuarial loss	—		(1)		—
Amortization of prior service cost	(1)		—		(1)
Total recognized in OCI	2		(4)		—
Total recognized in net periodic benefit cost and OCI	$	55	$	49	$	53

NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OCI
(Dollars in millions)
	Pension						PBOP
	Years ended December 31,
	2023		2022		2021		2023		2022		2021
SoCalGas:
NET PERIODIC BENEFIT COST
Service cost	$	65	$	96	$	97	$	9	$	17	$	17
Interest cost	101		81		78		28		21		22
Expected return on assets	(119)		(126)		(113)		(59)		(53)		(48)
Amortization of:
Prior service cost (credit)	4		8		8		(2)		(2)		(3)
Actuarial loss (gain)	1		18		36		(19)		(12)		(7)
Settlement charges	—		14		25		—		—		—
Net periodic benefit cost (credit)	52		91		131		(43)		(29)		(19)
Regulatory adjustment	102		64		23		43		29		19
Total expense recognized	154		155		154		$	—	$	—	$	—
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OCI
Net loss (gain)	2		(5)		2
Amortization of actuarial loss	(1)		(2)		(1)
Amortization of prior service cost	(1)		(1)		(1)
Total recognized in OCI	—		(8)		—
Total recognized in net periodic benefit cost and OCI	$	154	$	147	$	154

Schedule of Assumptions Used

The significant assumptions affecting benefit obligation and net periodic benefit cost are as follows:

WEIGHTED-AVERAGE ASSUMPTIONS USED TO DETERMINE BENEFIT OBLIGATION
	Pension				PBOP
	December 31,
	2023		2022		2023		2022
Sempra:
Discount rate	5.31	%	5.63	%	5.34	%	5.65	%
Interest crediting rate(1)(2)	4.66		3.99		4.66		3.99
Rate of compensation increase	2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00
SDG&E:
Discount rate	5.30	%	5.60	%	5.30	%	5.65	%
Interest crediting rate(1)(2)	4.66		3.99		4.66		3.99
Rate of compensation increase	3.50-10.00		3.50-10.00		3.50-10.00		3.50-10.00
SoCalGas:
Discount rate	5.25	%	5.60	%	5.35	%	5.65	%
Interest crediting rate(1)(2)	4.66		3.99		4.66		3.99
Rate of compensation increase	2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00

(1)    Interest crediting rate for pension benefits applies only to funded cash balance plans.

(2)    Interest crediting rate for PBOP applies only to interest bearing health retirement accounts at SDG&E and SoCalGas.

WEIGHTED-AVERAGE ASSUMPTIONS USED TO DETERMINE NET PERIODIC BENEFIT COST
	Pension						PBOP
	Years ended December 31,
	2023		2022		2021		2023		2022		2021
Sempra:
Discount rate	5.63	%	3.04	%	2.78	%	5.65	%	3.04	%	2.88	%
Expected return on plan assets	6.48		6.27		6.47		5.51		4.77		4.76
Interest crediting rate(1)(2)	3.99		1.94		1.62		3.99		1.94		1.62
Rate of compensation increase	2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00
SDG&E:
Discount rate	5.60	%	2.99	%	2.73	%	5.65	%	3.05	%	2.85	%
Expected return on plan assets	6.00		5.50		6.25		5.52		4.80		4.81
Interest crediting rate(1)(2)	3.99		1.94		1.62		3.99		1.94		1.62
Rate of compensation increase	3.50-10.00		3.50-10.00		2.70-10.00		3.50-10.00		3.50-10.00		2.70-10.00
SoCalGas:
Discount rate	5.60	%	3.04	%	2.79	%	5.65	%	3.05	%	2.90	%
Expected return on plan assets	6.75		6.75		6.75		5.47		4.71		4.70
Interest crediting rate(1)(2)	3.99		1.94		1.62		3.99		1.94		1.62
Rate of compensation increase	2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00

(1)    Interest crediting rate for pension benefits applies only to funded cash balance plans.

(2)    Interest crediting rate for PBOP applies only to interest bearing health retirement accounts at SDG&E and SoCalGas.

Schedule of Health Care Cost Trend Rates

Assumed health care cost trend rates have a significant effect on the amounts that Sempra, SDG&E and SoCalGas report for the health care plan costs. Following are the health care cost trend rates applicable to our PBOP plans:

ASSUMED HEALTH CARE COST TREND RATES
	PBOP
	Pre-65 retirees						Retirees aged 65 years and older
	Years ended December 31,
	2023		2022		2021		2023		2022		2021
Health care cost trend rate assumed for next year	6.00	%	6.00	%	6.00	%	4.50	%	4.50	%	4.75	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend)	4.75	%	4.75	%	4.75	%	4.50	%	4.50	%	4.50	%
Year the rate reaches the ultimate trend	2028		2028		2025		2022		2022		2022

Schedule of Target Asset Allocations

The target asset allocations for Sempra’s pension plans are between return-seeking assets (i.e., generally, equity securities, diversified real assets, high-yield fixed income securities and other instruments with a similar risk profile) and risk-mitigating assets (i.e., generally, government and corporate fixed income securities) as follows:

TARGET ASSET ALLOCATIONS FOR PENSION PLANS
(Dollars in millions)
	Sempra		SDG&E		SoCalGas
Return-seeking assets	34	%	42	%	56	%
Risk-mitigating assets	66	%	58	%	44	%

The target asset allocations for the PBOP plans are between return-seeking assets and risk-mitigating assets as follows:

TARGET ASSET ALLOCATIONS FOR PBOP PLANS
(Dollars in millions)
	Sempra		SDG&E and SoCalGas
	Assets held in pension master trust		Assets held in pension master trust		Assets held in Voluntary Employee Beneficiary Association trusts
Return-seeking assets	74	%	38	%	30	%
Risk-mitigating assets	26	%	62	%	70	%

Schedule Of Defined Benefit Plans, Fair Value Of Plan Assets By Level In Fair Value Hierarchy

The fair values by asset category are as follows:

FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PENSION PLANS
(Dollars in millions)
	Fair value at December 31, 2023
	Level 1		Level 2		Total
SDG&E:
Cash and cash equivalents	$	17	$	—	$	17
Equity securities:
Domestic	103		—		103
International	40		—		40
Registered investment companies – Domestic	41		—		41
Fixed income securities:
Domestic government and government agencies	240		5		245
International government bonds	—		2		2
Domestic corporate bonds	—		62		62
International corporate bonds	—		8		8
Derivative financial instruments	(15)		—		(15)
Total investment assets in the fair value hierarchy	426		77		503
Accounts receivable/payable, net					1
Investments measured at NAV:
Common/collective trusts					214
Other					8
Total SDG&E investment assets					726
SoCalGas:
Cash and cash equivalents	3		—		3
Equity securities:
Domestic	353		1		354
International	137		—		137
Registered investment companies – Domestic	141		1		142
Fixed income securities:
Domestic government and government agencies	310		16		326
International government bonds	—		5		5
Domestic corporate bonds	—		212		212
International corporate bonds	—		27		27
Derivative financial instruments	11		—		11
Total investment assets in the fair value hierarchy	955		262		1,217
Accounts receivable/payable, net					(12)
Investments measured at NAV:
Common/collective trusts					513
Other					26
Total SoCalGas investment assets					1,744

FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PENSION PLANS (CONTINUED)
(Dollars in millions)
	Fair value at December 31, 2023
	Level 1		Level 2		Total
Other Sempra:
Cash and cash equivalents	$	7	$	—	$	7
Equity securities:
Domestic	22		1		23
International	8		—		8
Registered investment companies – Domestic	8		—		8
Fixed income securities:
Domestic government and government agencies	78		2		80
Domestic corporate bonds	—		13		13
International corporate bonds	—		2		2
Derivative financial instruments	(5)		—		(5)
Total investment assets in the fair value hierarchy	118		18		136
Investments measured at NAV:
Common/collective trusts					56
Other					2
Total Other Sempra investment assets					194
Total Sempra investment assets in the fair value hierarchy	$	1,499	$	357
Total Sempra investment assets					$	2,664

FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PENSION PLANS
(Dollars in millions)
	Fair value at December 31, 2022
	Level 1		Level 2		Total
SDG&E:
Cash and cash equivalents	$	3	$	—	$	3
Equity securities:
Domestic	79		1		80
International	40		—		40
Registered investment companies:
Domestic	35		2		37
International	5		—		5
Fixed income securities:
Domestic government and government agencies	224		3		227
International government bonds	—		2		2
Domestic corporate bonds	—		52		52
International corporate bonds	—		8		8
Other	(1)		—		(1)
Total investment assets in the fair value hierarchy	385		68		453
Accounts receivable/payable, net					(1)
Investments measured at NAV:
Common/collective trusts					210
Other					8
Total SDG&E investment assets					670
SoCalGas:
Cash and cash equivalents	6		—		6
Equity securities:
Domestic	311		2		313
International	158		—		158
Registered investment companies:
Domestic	137		7		144
International	20		—		20
Fixed income securities:
Domestic government and government agencies	261		17		278
International government bonds	—		6		6
Domestic corporate bonds	—		204		204
International corporate bonds	—		30		30
Other	(1)		1		—
Total investment assets in the fair value hierarchy	892		267		1,159
Accounts receivable/payable, net					(7)
Investments measured at NAV:
Common/collective trusts					355
Other					28
Total SoCalGas investment assets					1,535

FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PENSION PLANS (CONTINUED)
(Dollars in millions)
	Fair value at December 31, 2022
	Level 1		Level 2		Total
Other Sempra:
Cash and cash equivalents	$	1	$	—	$	1
Equity securities:
Domestic	17		—		17
International	9		—		9
Registered investment companies:
Domestic	7		—		7
International	2		—		2
Fixed income securities:
Domestic government and government agencies	72		3		75
Domestic corporate bonds	—		11		11
International corporate bonds	—		1		1
Total investment assets in the fair value hierarchy	108		15		123
Investments measured at NAV:
Common/collective trusts					60
Other					2
Total Other Sempra investment assets					185
Total Sempra investment assets in the fair value hierarchy	$	1,385	$	350
Total Sempra investment assets					$	2,390

The fair values by asset category of the PBOP plan assets held in the pension master trust and in the additional trusts for SoCalGas’ PBOP plans and SDG&E’s PBOP plan trusts are as follows:

FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PBOP PLANS
(Dollars in millions)
	Fair value at December 31, 2023
	Level 1		Level 2		Total
SDG&E:
Equity securities:
Domestic	$	8	$	—	$	8
International	3		—		3
Registered investment companies:
Domestic	71		—		71
International	7		—		7
Fixed income securities:
Domestic government and government agencies	12		1		13
Domestic corporate bonds	—		5		5
International corporate bonds	—		1		1
Derivative financial instruments	2		—		2
Total investment assets in the fair value hierarchy	103		7		110
Accounts receivable/payable, net					(2)
Investments measured at NAV:
Common/collective trusts					10
Other					32
Total SDG&E investment assets					150

FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PBOP PLANS (CONTINUED)
(Dollars in millions)
	Fair value at December 31, 2023
	Level 1		Level 2		Total
SoCalGas:
Cash and cash equivalents	7		—		7
Equity securities:
Domestic	57		—		57
International	22		—		22
Registered investment companies – Domestic	78		103		181
Fixed income securities:
Domestic government and government agencies	128		14		142
International government bonds	—		9		9
Domestic corporate bonds	—		295		295
International corporate bonds	—		42		42
Derivative financial instruments	(6)		—		(6)
Total investment assets in the fair value hierarchy	286		463		749
Accounts receivable/payable, net					4
Investments measured at NAV:
Common/collective trusts					233
Other					4
Total SoCalGas investment assets					990
Other Sempra:
Equity securities:
Domestic	7		—		7
International	3		—		3
Registered investment companies – Domestic	3		—		3
Fixed income securities:
Domestic government and government agencies	2		1		3
Domestic corporate bonds	—		4		4
International corporate bonds	—		1		1
Total investment assets in the fair value hierarchy	15		6		21
Investments measured at NAV:
Common/collective trusts					7
Other					1
Total Other Sempra investment assets					29
Total Sempra investment assets in the fair value hierarchy	$	404	$	476
Total Sempra investment assets					$	1,169

FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PBOP PLANS
(Dollars in millions)
	Fair value at December 31, 2022
	Level 1		Level 2		Total
SDG&E:
Equity securities:
Domestic	$	10	$	—	$	10
International	5		—		5
Registered investment companies:
Domestic	65		—		65
International	7		—		7
Fixed income securities:
Domestic government and government agencies	9		2		11
Domestic corporate bonds	—		6		6
International corporate bonds	—		1		1
Total investment assets in the fair value hierarchy	96		9		105
Investments measured at NAV – Common/collective trusts					42
Total SDG&E investment assets					147
SoCalGas:
Cash and cash equivalents	1		—		1
Equity securities:
Domestic	46		—		46
International	24		—		24
Registered investment companies:
Domestic	80		72		152
International	3		—		3
Fixed income securities:
Domestic government and government agencies	151		14		165
International government bonds	1		8		9
Domestic corporate bonds	—		269		269
International corporate bonds	—		37		37
Total investment assets in the fair value hierarchy	306		400		706
Accounts receivable/payable, net					(4)
Investments measured at NAV:
Common/collective trusts					218
Other					3
Total SoCalGas investment assets					923
Other Sempra:
Equity securities:
Domestic	6		—		6
International	3		—		3
Registered investment companies – Domestic	2		—		2
Fixed income securities:
Domestic government and government agencies	2		—		2
Domestic corporate bonds	—		4		4
Total investment assets in the fair value hierarchy	13		4		17
Investments measured at NAV:
Common/collective trusts					7
Other					2
Total Other Sempra investment assets					26
Total Sempra investment assets in the fair value hierarchy	$	415	$	413
Total Sempra investment assets					$	1,096

Schedule Of Defined Benefit Plans, Estimated Future Employer Contributions In Next Fiscal Year

We expect to contribute the following amounts to our pension and PBOP plans in 2024:

EXPECTED CONTRIBUTIONS
(Dollars in millions)
	Sempra		SDG&E		SoCalGas
Pension plans	$	260	$	36	$	173
PBOP plans	5		1		1

Schedule of Expected Benefit Payments

The following table shows the total benefits we expect to pay for the next 10 years to current employees and retirees from the plans or from company assets.

EXPECTED BENEFIT PAYMENTS
(Dollars in millions)
	Sempra				SDG&E				SoCalGas
	Pension		PBOP		Pension		PBOP		Pension		PBOP
2024	$	245	$	47	$	60	$	10	$	130	$	34
2025	219		46		61		10		132		33
2026	218		48		57		10		133		33
2027	225		45		57		10		129		33
2028	211		44		59		10		127		32
2029-2033	1,080		218		289		46		654		161

Schedule Of Defined Benefit Plans Contributions

Employer contributions to the savings plans were as follows:

EMPLOYER CONTRIBUTIONS TO SAVINGS PLANS
(Dollars in millions)
	Years ended December 31,
	2023		2022		2021
Sempra	$	59	$	64	$	52
SDG&E	20		19		18
SoCalGas	32		30		28