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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 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)
 December 31,
CommodityUnit of measure20232022
Sempra:
Natural gasMMBtu361 254 
ElectricityMWh1 1 
Congestion revenue rightsMWh36 42 
SDG&E:
Natural gasMMBtu17 15 
Congestion revenue rightsMWh36 42 
SoCalGas:
Natural gasMMBtu268 224 
Notional Amounts Of Interest Rate 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)
December 31, 2023December 31, 2022
 Notional debtMaturitiesNotional debtMaturities
Sempra:    
Cash flow hedges(1)
$4,451 2024-2048$294 2023-2034
(1)    At December 31, 2023 and 2022, cash flow hedges accrued interest based on a notional of $488 and $294, respectively.
The following table presents the net notional amounts of our foreign currency derivatives, excluding those in our equity method investments.
FOREIGN CURRENCY DERIVATIVES
(Dollars in millions)
 December 31, 2023December 31, 2022
Notional amountMaturitiesNotional amountMaturities
Sempra:    
Cross-currency swaps$— —$306 2023
Other foreign currency derivatives176 2024-2025111 2023-2024
Derivative Instruments on the Consolidated Balance Sheet Table
DERIVATIVE INSTRUMENTS ON THE CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
 December 31, 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$17 $70 $— $— 
Foreign exchange instruments— — (9)— 
Derivatives not designated as hedging instruments:    
Commodity contracts not subject to rate recovery173 52 (170)(56)
Associated offsetting commodity contracts(169)(51)169 51 
Commodity contracts subject to rate recovery10 8 (228)(9)
Associated offsetting commodity contracts(5)(2)5 2 
Associated offsetting cash collateral— — 12 7 
Net amounts presented on the balance sheet26 77 (221)(5)
Additional cash collateral for commodity contracts
not subject to rate recovery
74 — — — 
Additional cash collateral for commodity contracts
subject to rate recovery
22 — — — 
Total(2)
$122 $77 $(221)$(5)
SDG&E:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$9 $8 $(18)$(9)
Associated offsetting commodity contracts(5)(2)5 2 
Associated offsetting cash collateral— — 12 7 
Net amounts presented on the balance sheet4 6 (1)— 
Additional cash collateral for commodity contracts
subject to rate recovery
21 — — — 
Total(2)
$25 $6 $(1)$— 
SoCalGas:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$1 $— $(210)$— 
Net amounts presented on the balance sheet1 — (210)— 
Additional cash collateral for commodity contracts
subject to rate recovery
1 — — — 
Total$2 $— $(210)$— 
(1)    Included in Other Current Assets for SoCalGas.
(2)    Normal purchase contracts previously measured at fair value are excluded.
DERIVATIVE INSTRUMENTS ON THE CONSOLIDATED BALANCE SHEETS (CONTINUED)
(Dollars in millions)
 December 31, 2022
 
Current assets: Fixed-price contracts and other derivatives(1)
Other long-term assetsOther current
liabilities		Deferred 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 Consolidated Statements Of Operations Table
The following table includes the effects of derivative instruments designated as cash flow hedges on the Consolidated Statements of Operations and in OCI and AOCI.
CASH FLOW HEDGE IMPACTS
(Dollars in millions)
 Pretax gain (loss)
recognized in OCI		 Pretax (loss) gain reclassified
from AOCI into earnings
 Years ended December 31, Years ended December 31,
 202320222021Location202320222021
Sempra:       
Interest rate instruments$45 $40 $29 Interest Expense$(1)$(1)$(11)
Interest rate instruments20 205 71 
Equity Earnings(1)
48 (29)(73)
Foreign exchange instruments(2)(8)11 
Revenues: Energy-
Related Businesses
(1)1 (1)
Other Income, Net(2)(1)— 
Foreign exchange instruments(3)(5)8 
Equity Earnings(1)
(2)— — 
Interest rate and foreign
exchange instruments
7 25 (4)Interest Expense1 2 (1)
Other Income, Net6 12 (6)
Total$67 $257 $115  $49 $(16)$(92)
SoCalGas:       
Interest rate instruments$— $— $— Interest Expense$(1)$(1)$— 
(1)    Equity earnings at our foreign equity method investees are recognized after tax.
Undesignated Derivative Impact on the Consolidated Statements of Operations
The following table summarizes the effects of derivative instruments not designated as hedging instruments on the Consolidated Statements of Operations.
UNDESIGNATED DERIVATIVE IMPACTS
(Dollars in millions)
  Pretax gain (loss) on derivatives recognized in earnings
  Years ended December 31,
Location202320222021
Sempra:    
Commodity contracts not subject
to rate recovery
Revenues: Energy-Related
Businesses
$919 $(1,116)$(203)
Commodity contracts subject
to rate recovery
Cost of Natural Gas(288)(56)(25)
Commodity contracts subject
to rate recovery
Cost of Electric Fuel
and Purchased Power
15 202 31 
Interest rate instrumentInterest Expense(47)33 — 
Foreign exchange instrumentsOther Income, Net— — (22)
Total $599 $(937)$(219)
SDG&E:    
Commodity contracts subject
to rate recovery
Cost of Electric Fuel
and Purchased Power
$15 $202 $31 
SoCalGas:    
Commodity contracts subject
to rate recovery
Cost of Natural Gas$(288)$(56)$(25)