OTHER FINANCIAL DATA (Tables)

6 Months Ended

Jun. 30, 2016

Disclosure Text Block [Abstract]

Net Periodic Benefit Cost Table

NET PERIODIC BENEFIT COST – SEMPRA ENERGY CONSOLIDATED
(Dollars in millions)
	Pension benefits				Other postretirement benefits
	Three months ended June 30,
	2016		2015		2016		2015
Service cost	$	27	$	29	$	6	$	7
Interest cost		40		39		11		11
Expected return on assets		(41)		(44)		(18)		(17)
Amortization of:
Prior service cost		3		2		―		―
Actuarial loss		7		11		―		―
Regulatory adjustment		(28)		(30)		2		―
Total net periodic benefit cost	$	8	$	7	$	1	$	1
	Six months ended June 30,
	2016		2015		2016		2015
Service cost	$	55	$	59	$	11	$	14
Interest cost		80		78		22		23
Expected return on assets		(83)		(88)		(35)		(34)
Amortization of:
Prior service cost (credit)		6		5		―		(1)
Actuarial loss		13		19		―		―
Regulatory adjustment		(56)		(59)		4		―
Total net periodic benefit cost	$	15	$	14	$	2	$	2

NET PERIODIC BENEFIT COST – SDG&E
(Dollars in millions)
	Pension benefits				Other postretirement benefits
	Three months ended June 30,
	2016		2015		2016		2015
Service cost	$	8	$	8	$	1	$	2
Interest cost		11		10		2		2
Expected return on assets		(13)		(13)		(2)		(3)
Amortization of:
Prior service cost		1		1		1		1
Actuarial loss (gain)		2		2		(1)		―
Regulatory adjustment		(8)		(7)		(1)		(2)
Total net periodic benefit cost	$	1	$	1	$	―	$	―
	Six months ended June 30,
	2016		2015		2016		2015
Service cost	$	15	$	16	$	2	$	4
Interest cost		21		20		4		4
Expected return on assets		(25)		(27)		(5)		(6)
Amortization of:
Prior service cost		1		1		2		2
Actuarial loss (gain)		5		4		(1)		―
Regulatory adjustment		(15)		(12)		(2)		(4)
Total net periodic benefit cost	$	2	$	2	$	―	$	―

NET PERIODIC BENEFIT COST – SOCALGAS
(Dollars in millions)
	Pension benefits				Other postretirement benefits
	Three months ended June 30,
	2016		2015		2016		2015
Service cost	$	18	$	19	$	3	$	5
Interest cost		25		24		9		9
Expected return on assets		(27)		(27)		(14)		(14)
Amortization of:
Prior service cost (credit)		2		2		(1)		(2)
Actuarial loss		2		6		―		―
Regulatory adjustment		(20)		(23)		3		2
Total net periodic benefit cost	$	―	$	1	$	―	$	―
	Six months ended June 30,
	2016		2015		2016		2015
Service cost	$	35	$	38	$	7	$	10
Interest cost		50		49		17		18
Expected return on assets		(52)		(54)		(28)		(28)
Amortization of:
Prior service cost (credit)		4		4		(2)		(4)
Actuarial loss		5		11		―		―
Regulatory adjustment		(41)		(47)		6		4
Total net periodic benefit cost	$	1	$	1	$	―	$	―

Contributions to Benefit Plans Table

BENEFIT PLAN CONTRIBUTIONS
(Dollars in millions)
	Sempra Energy
	Consolidated		SDG&E		SoCalGas
Contributions through June 30, 2016:
Pension plans	$	23	$	2	$	―
Other postretirement benefit plans		2		―		1
Total expected contributions in 2016:
Pension plans	$	123	$	4	$	77
Other postretirement benefit plans		6		2		1

Earnings Per Share Computations Table

EARNINGS PER SHARE COMPUTATIONS
(Dollars in millions, except per share amounts; shares in thousands)
		Three months ended June 30,				Six months ended June 30,
		2016		2015		2016		2015
Numerator:
Earnings/Income attributable to common shares		$	16	$	295	$	335	$	732
Denominator:
Weighted-average common shares
	outstanding for basic EPS(1)		250,096		248,108		249,915		247,916
Dilutive effect of stock options, restricted
	stock awards and restricted stock units		1,842		3,383		1,771		3,348
Weighted-average common shares
	outstanding for diluted EPS		251,938		251,491		251,686		251,264
Earnings per share:
Basic		$	0.06	$	1.19	$	1.34	$	2.95
Diluted			0.06		1.17		1.33		2.91
(1)	Includes 568 and 501 average fully vested restricted stock units held in our Deferred Compensation Plan for the three months ended June 30, 2016 and 2015, respectively, and 562 and 476 of such units for the six months ended June 30, 2016 and 2015, respectively. These fully vested restricted stock units 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.

Capitalized Financing Costs Table

CAPITALIZED FINANCING COSTS
(Dollars in millions)
	Three months ended June 30,				Six months ended June 30,
	2016		2015		2016		2015
Sempra Energy Consolidated:
AFUDC related to debt	$	8	$	7	$	15	$	13
AFUDC related to equity		30		31		57		58
Other capitalized interest		20		17		38		34
Total Sempra Energy Consolidated	$	58	$	55	$	110	$	105
SDG&E:
AFUDC related to debt	$	4	$	4	$	8	$	7
AFUDC related to equity		13		10		24		18
Total SDG&E	$	17	$	14	$	32	$	25
SoCalGas:
AFUDC related to debt	$	4	$	3	$	7	$	6
AFUDC related to equity		10		10		20		19
Total SoCalGas	$	14	$	13	$	27	$	25

Changes in Components of Accumulated Comprehensive Income Table

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT(1)
SEMPRA ENERGY CONSOLIDATED
(Dollars in millions)
		Foreign						Total
		currency				Pension and other		accumulated other
		translation		Financial		postretirement		comprehensive
		adjustments		instruments		benefits		income (loss)
		Three months ended June 30, 2016 and 2015
2016:
Balance as of March 31, 2016		$	(514)	$	(221)	$	(86)	$	(821)
Other comprehensive income (loss) before
reclassifications			11		(48)		―		(37)
Amounts reclassified from accumulated other
comprehensive income			―		5		1		6
Net other comprehensive income (loss)			11		(43)		1		(31)
Balance as of June 30, 2016		$	(503)	$	(264)	$	(85)	$	(852)
2015:
Balance as of March 31, 2015		$	(384)	$	(145)	$	(84)	$	(613)
Other comprehensive (loss) income before
reclassifications			(43)		57		―		14
Amounts reclassified from accumulated other
comprehensive income			―		2		1		3
Net other comprehensive (loss) income			(43)		59		1		17
Balance as of June 30, 2015		$	(427)	$	(86)	$	(83)	$	(596)
		Six months ended June 30, 2016 and 2015
2016:
Balance as of December 31, 2015		$	(582)	$	(137)	$	(87)	$	(806)
Other comprehensive income (loss) before
reclassifications			79		(130)		―		(51)
Amounts reclassified from accumulated other
comprehensive income			―		3		2		5
Net other comprehensive income (loss)			79		(127)		2		(46)
Balance as of June 30, 2016		$	(503)	$	(264)	$	(85)	$	(852)
2015:							.
Balance as of December 31, 2014		$	(322)	$	(90)	$	(85)	$	(497)
Other comprehensive (loss) income before
reclassifications			(105)		3		―		(102)
Amounts reclassified from accumulated other
comprehensive income			―		1		2		3
Net other comprehensive (loss) income			(105)		4		2		(99)
Balance as of June 30, 2015		$	(427)	$	(86)	$	(83)	$	(596)
(1)	All amounts are net of income tax, if subject to tax, and exclude noncontrolling interests.

Reclassifications out of AOCI Table

RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
		Amounts reclassified
Details about accumulated		from accumulated other				Affected line item on Condensed
other comprehensive income (loss) components		comprehensive income (loss)				Consolidated Statements of Operations
		Three months ended June 30,
		2016		2015
Sempra Energy Consolidated:
Financial instruments:
Interest rate and foreign exchange instruments		$	3	$	3	Interest Expense
Interest rate instruments			2		3	Equity Earnings (Losses), Before Income Tax
Interest rate and foreign exchange instruments			5		―	Equity Earnings, Net of Income Tax
Total before income tax			10		6
			(1)		(1)	Income Tax Expense
Net of income tax			9		5
			(4)		(3)	Earnings Attributable to Noncontrolling Interests
		$	5	$	2
Pension and other postretirement benefits:
Amortization of actuarial loss		$	2	$	2	See note (1) below
			(1)		(1)	Income Tax Expense
Net of income tax		$	1	$	1
Total reclassifications for the period, net of tax		$	6	$	3
SDG&E:
Financial instruments:
Interest rate instruments		$	3	$	3	Interest Expense
			(3)		(3)	Losses (Earnings) Attributable to Noncontrolling Interest
Total reclassifications for the period, net of tax		$	―	$	―
(1)	Amounts are included in the computation of net periodic benefit cost (see "Pension and Other Postretirement Benefits" above).

RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
		Amount reclassified
Details about accumulated		from accumulated other				Affected line item on Condensed
other comprehensive income (loss) components		comprehensive income (loss)				Consolidated Statements of Operations
		Six months ended June 30,
		2016		2015
Sempra Energy Consolidated:
Financial instruments:
Interest rate and foreign exchange instruments		$	7	$	9	Interest Expense
Interest rate instruments			5		6	Equity Earnings (Losses), Before Income Tax
Interest rate and foreign exchange instruments			6		―	Equity Earnings, Net of Income Tax
Commodity contracts not subject to
	rate recovery		(7)		(7)	Revenues: Energy-Related Businesses
Total before income tax			11		8
			(1)		―	Income Tax Expense
Net of income tax			10		8
			(7)		(7)	Earnings Attributable to Noncontrolling Interests
		$	3	$	1
Pension and other postretirement benefits:
Amortization of actuarial loss		$	4	$	4	See note (1) below
			(2)		(2)	Income Tax Expense
Net of income tax		$	2	$	2
Total reclassifications for the period, net of tax		$	5	$	3
SDG&E:
Financial instruments:
Interest rate instruments		$	6	$	6	Interest Expense
			(6)		(6)	Losses (Earnings) Attributable to Noncontrolling Interest
Total reclassifications for the period, net of tax		$	―	$	―
(1)	Amounts are included in the computation of net periodic benefit cost (see "Pension and Other Postretirement Benefits" above).

Shareholders' Equity and Noncontrolling Interests Table

SHAREHOLDERS’ EQUITY AND NONCONTROLLING INTERESTS – SEMPRA ENERGY CONSOLIDATED
(Dollars in millions)
			Sempra Energy		Non-
			shareholders’		controlling		Total
			equity		interests(1)		equity
Balance at December 31, 2015		$	11,809	$	770	$	12,579
Comprehensive income			290		22		312
Preferred dividends of subsidiary			(1)		―		(1)
Share-based compensation expense			24		―		24
Common stock dividends declared			(377)		―		(377)
Issuances of common stock			56		―		56
Repurchases of common stock			(54)		―		(54)
Tax benefit related to share-based compensation			34		―		34
Equity contributed by noncontrolling interest			―		1		1
Distributions to noncontrolling interests			―		(11)		(11)
Balance at June 30, 2016		$	11,781	$	782	$	12,563
Balance at December 31, 2014		$	11,326	$	774	$	12,100
Comprehensive income			634		33		667
Preferred dividends of subsidiary			(1)		―		(1)
Share-based compensation expense			26		―		26
Common stock dividends declared			(347)		―		(347)
Issuances of common stock			59		―		59
Repurchases of common stock			(66)		―		(66)
Tax benefit related to share-based compensation			52		―		52
Equity contributed by noncontrolling interest			―		1		1
Distributions to noncontrolling interests			―		(16)		(16)
Balance at June 30, 2015		$	11,683	$	792	$	12,475
(1)	Noncontrolling interests include the preferred stock of SoCalGas and other noncontrolling interests as listed in the table below under "Other Noncontrolling Interests."

SHAREHOLDER'S EQUITY AND NONCONTROLLING INTEREST – SDG&E
(Dollars in millions)
		SDG&E		Non-
		shareholder’s		controlling		Total
		equity		interest		equity
Balance at December 31, 2015	$	5,223	$	53	$	5,276
Comprehensive income (loss)		229		(13)		216
Common stock dividends declared		(175)		―		(175)
Distributions to noncontrolling interest		―		(3)		(3)
Balance at June 30, 2016	$	5,277	$	37	$	5,314
Balance at December 31, 2014	$	4,932	$	60	$	4,992
Comprehensive income		273		9		282
Distributions to noncontrolling interest		―		(8)		(8)
Balance at June 30, 2015	$	5,205	$	61	$	5,266

SHAREHOLDERS' EQUITY ― SOCALGAS
(Dollars in millions)
		SoCalGas
		shareholders'
		equity
Balance at December 31, 2015	$	3,149
Comprehensive income		195
Preferred stock dividends declared		(1)
Balance at June 30, 2016	$	3,343
Balance at December 31, 2014	$	2,781
Comprehensive income		285
Preferred stock dividends declared		(1)
Balance at June 30, 2015	$	3,065

Amounts Due To and From Affiliates at SDG&E and SoCalGas Table

AMOUNTS DUE FROM (TO) UNCONSOLIDATED AFFILIATES
(Dollars in millions)
		June 30, 2016		December 31, 2015
Sempra Energy Consolidated:
Total due from various unconsolidated affiliates - current		$	6	$	6
Sempra South American Utilities(1):
Eletrans S.A. and Eletrans II S.A.:
4% Note(2)		$	79	$	72
Other related party receivables			2		―
Sempra Mexico(1):
Affiliate of joint venture with PEMEX:
Note due November 13, 2017(3)			2		3
Note due November 14, 2018(3)			43		42
Note due November 14, 2018(3)			35		34
Note due November 14, 2018(3)			8		8
Energía Sierra Juárez:
Note due June 15, 2018(4)			17		24
Sempra Natural Gas:
Cameron LNG JV			6		3
Total due from unconsolidated affiliates - noncurrent		$	192	$	186
Total due to various unconsolidated affiliates - current		$	(8)	$	(14)
SDG&E:
Sempra Energy(5)		$	163	$	―
Other affiliates			―		1
Total due from unconsolidated affiliates - current		$	163	$	1
Sempra Energy		$	―	$	(34)
SoCalGas			(7)		(13)
Other affiliates			(183)		(8)
Total due to unconsolidated affiliates - current		$	(190)	$	(55)
Income taxes due from Sempra Energy(6)		$	59	$	28
SoCalGas:
Sempra Energy(7)		$	―	$	35
SDG&E			7		13
Total due from unconsolidated affiliates - current		$	7	$	48
Sempra Energy		$	(25)	$	―
Total due to unconsolidated affiliate - current		$	(25)	$	―
Income taxes due from Sempra Energy(6)		$	9	$	1
(1)	Amounts include principal balances plus accumulated interest outstanding.
(2)	U.S. dollar-denominated loan, at a fixed interest rate with no stated maturity date, to provide project financing for the construction of transmission lines at Eletrans S.A. and Eletrans II S.A., both of which are joint ventures at Chilquinta Energía.
(3)	U.S. dollar-denominated loan, at a variable interest rate based on a 30-day LIBOR plus 450 basis points (4.97 percent at June 30, 2016), to finance the Los Ramones Norte pipeline project.
(4)	U.S. dollar-denominated loan, at a variable interest rate based on a 30-day LIBOR plus 637.5 basis points (6.84 percent at June 30, 2016), to finance the first phase of the Energía Sierra Juárez wind project, which is a joint venture of IEnova.
(5)	At June 30, 2016, net receivable included outstanding advances to Sempra Energy of $172 million at an interest rate of 0.35 percent.
(6)	SDG&E and SoCalGas are included in the consolidated income tax return of Sempra Energy and are allocated income tax expense from Sempra Energy in an amount equal to that which would result from each company having always filed a separate return.
(7)	At December 31, 2015, net receivable included outstanding advances to Sempra Energy of $50 million at an interest rate of 0.11 percent.

Revenues From Unconsolidated Affiliates at SDG&E and SoCalGas Table

REVENUES AND COST OF SALES FROM UNCONSOLIDATED AFFILIATES
(Dollars in millions)
	Three months ended June 30,				Six months ended June 30,
	2016		2015		2016		2015
REVENUES
Sempra Energy Consolidated	$	5	$	8	$	10	$	16
SDG&E		―		2		3		5
SoCalGas		18		17		35		36
COST OF SALES
Sempra Energy Consolidated	$	20	$	30	$	50	$	49
SDG&E		16		13		30		18

Other Income and Expense Table

OTHER INCOME, NET
(Dollars in millions)
		Three months ended June 30,				Six months ended June 30,
			2016		2015		2016		2015
Sempra Energy Consolidated:
Allowance for equity funds used during construction		$	30	$	31	$	57	$	58
Investment gains (losses)(1)			10		(2)		20		7
Losses on interest rate and foreign exchange instruments, net			(15)		(3)		(12)		(3)
Foreign currency transaction losses			(5)		(2)		(7)		(3)
Sale of other investments			1		6		2		6
Electrical infrastructure relocation income(2)			2		4		3		4
Regulatory interest, net(3)			1		1		3		2
Sundry, net			(1)		2		6		5
Total		$	23	$	37	$	72	$	76
SDG&E:
Allowance for equity funds used during construction		$	13	$	10	$	24	$	18
Regulatory interest, net(3)			1		1		3		2
Sundry, net			(1)		(2)		―		(2)
Total		$	13	$	9	$	27	$	18
SoCalGas:
Allowance for equity funds used during construction		$	10	$	10	$	20	$	19
Sundry, net			(4)		(1)		(4)		(2)
Total		$	6	$	9	$	16	$	17
(1)	Represents investment gains (losses) on dedicated assets in support of our executive retirement and deferred compensation plans. These amounts are partially offset by corresponding changes in compensation expense related to the plans.
(2)	Income at Luz del Sur associated with the relocation of electrical infrastructure.
(3)	Interest on regulatory balancing accounts.

Income Tax Expense and Effective Income Tax Rates Table

INCOME TAX EXPENSE AND EFFECTIVE INCOME TAX RATES
(Dollars in millions)
		Income tax	Effective				Effective
		(benefit)	income			Income tax	income
		expense	tax rate			expense	tax rate
		Three months ended June 30,
		2016				2015
Sempra Energy Consolidated	$	(106)	95	%	$	98	25	%
SDG&E		48	36			54	29
SoCalGas		(29)	100			16	18
		Six months ended June 30,
		2016				2015
Sempra Energy Consolidated	$	36	10	%	$	261	26	%
SDG&E		120	36			142	34
SoCalGas		58	23			111	28

Variable Interest Entity Table

AMOUNTS ASSOCIATED WITH OTAY MESA VIE
(Dollars in millions)
	Three months ended June 30,				Six months ended June 30,
	2016		2015		2016		2015
Operating expenses
Cost of electric fuel and purchased power	$	(17)	$	(21)	$	(34)	$	(39)
Operation and maintenance		15		6		19		10
Depreciation and amortization		10		6		17		12
Total operating expenses		8		(9)		2		(17)
Operating (loss) income		(8)		9		(2)		17
Interest expense		(5)		(5)		(10)		(9)
(Loss) income before income taxes/Net (loss) income		(13)		4		(12)		8
Losses (earnings) attributable to noncontrolling interest		13		(4)		12		(8)
Earnings attributable to common shares	$	―	$	―	$	―	$	―

Ownership Interests Held By Others Table

OTHER NONCONTROLLING INTERESTS
(Dollars in millions)
		Percent ownership held by others
		June 30,		December 31,			June 30,		December 31,
		2016		2015			2016		2015
SDG&E:
Otay Mesa VIE		100	%	100	%	$	37	$	53
Sempra South American Utilities:
Chilquinta Energía subsidiaries(1)		23.2 – 43.4		23.5 – 43.4			21		21
Luz del Sur		16.4		16.4			175		164
Tecsur		9.8		9.8			4		4
Sempra Mexico:
IEnova		18.9		18.9			484		468
Sempra Natural Gas:
Bay Gas Storage Company, Ltd.		9.1		9.1			26		25
Liberty Gas Storage, LLC		23.3		23.2			14		14
Southern Gas Transmission Company		49.0		49.0			1		1
Total Sempra Energy						$	762	$	750
(1)	Chilquinta Energía has four subsidiaries with noncontrolling interests held by others. Percentage range reflects the highest and lowest ownership percentages among these subsidiaries.

Inventory Table

INVENTORY BALANCES
(Dollars in millions)
		Natural gas				Liquefied natural gas				Materials and supplies				Total
		June 30, 2016		December 31, 2015		June 30, 2016		December 31, 2015		June 30, 2016		December 31, 2015		June 30, 2016		December 31, 2015
SDG&E		$	1	$	6	$	―	$	―	$	70	$	69	$	71	$	75
SoCalGas(1)			―		49		―		―		44		30		44		79
Sempra South American
Utilities			―		―		―		―		43		30		43		30
Sempra Mexico			―		―		7		3		2		10		9		13
Sempra Renewables			―		―		―		―		3		3		3		3
Sempra Natural Gas			96		94		4		3		―		1		100		98
Sempra Energy
Consolidated		$	97	$	149	$	11	$	6	$	162	$	143	$	270	$	298
(1)	At both June 30, 2016 and December 31, 2015, SoCalGas' natural gas inventory for core customers is net of an inventory loss related to the Aliso Canyon natural gas leak, which we discuss in Note 11.