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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2022
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 measureJune 30, 2022December 31, 2021
Sempra:
Natural gasMMBtu193 184 
ElectricityMWh— 1 
Congestion revenue rightsMWh49 45 
SDG&E:
Natural gasMMBtu10 7 
ElectricityMWh— 1 
Congestion revenue rightsMWh49 45 
SoCalGas:
Natural gasMMBtu141 201 
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.
INTEREST RATE DERIVATIVES
(Dollars in millions)
 June 30, 2022December 31, 2021
 Notional debtMaturitiesNotional debtMaturities
Sempra:    
Cash flow hedges$436 2022-2034$462 2022-2034
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)
 June 30, 2022December 31, 2021
 Notional amountMaturitiesNotional amountMaturities
Sempra:    
Cross-currency swaps$306 2022-2023$306 2022-2023
Other foreign currency derivatives65 2022-2023106 2022-2023
Derivative Instruments on the Condensed Consolidated Balance Sheets Table
DERIVATIVE INSTRUMENTS ON THE CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
 June 30, 2022
 Other current assetsOther long-term assetsOther current liabilitiesDeferred credits and other
Sempra:    
Derivatives designated as hedging instruments:    
Interest rate instruments$5 $27 $— $— 
Foreign exchange instruments— — (2)— 
Interest rate and foreign exchange instruments— — (117)— 
Derivatives not designated as hedging instruments:    
Commodity contracts not subject to rate recovery182 91 (182)(89)
Associated offsetting commodity contracts(167)(32)167 32 
Commodity contracts subject to rate recovery27 25 (22)(1)
Associated offsetting commodity contracts(3)— 3 — 
Net amounts presented on the balance sheet44 111 (153)(58)
Additional cash collateral for commodity contracts
not subject to rate recovery
76 — — — 
Additional cash collateral for commodity contracts
subject to rate recovery
48 — — — 
Total(1)
$168 $111 $(153)$(58)
SDG&E:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$26 $25 $(14)$— 
Associated offsetting commodity contracts(3)— 3 — 
Net amounts presented on the balance sheet23 25 (11)— 
Additional cash collateral for commodity contracts
subject to rate recovery
36 — — — 
Total(1)
$59 $25 $(11)$— 
SoCalGas:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$1 $— $(8)$(1)
Net amounts presented on the balance sheet1 — (8)(1)
Additional cash collateral for commodity contracts
subject to rate recovery
12 — — — 
Total$13 $— $(8)$(1)
(1)    Normal purchase contracts previously measured at fair value are excluded.
DERIVATIVE INSTRUMENTS ON THE CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
(Dollars in millions)
 December 31, 2021
Other current assetsOther long-term assetsOther current liabilitiesDeferred credits and other
Sempra:    
Derivatives designated as hedging instruments:    
Interest rate instruments$— $6 $(6)$(2)
Foreign exchange instruments1 1 (1)— 
Interest rate and foreign exchange instruments— — (1)(130)
Derivatives not designated as hedging instruments:    
Commodity contracts not subject to rate recovery136 11 (122)(10)
Associated offsetting commodity contracts(93)(8)93 8 
Commodity contracts subject to rate recovery38 52 (58)— 
Associated offsetting commodity contracts(8)— 8 — 
Net amounts presented on the balance sheet74 62 (87)(134)
Additional cash collateral for commodity contracts
not subject to rate recovery
58 — — — 
Additional cash collateral for commodity contracts
subject to rate recovery
46 — — — 
Total(1)
$178 $62 $(87)$(134)
SDG&E:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$34 $52 $(20)$— 
Associated offsetting commodity contracts(5)— 5 — 
Net amounts presented on the balance sheet29 52 (15)— 
Additional cash collateral for commodity contracts
subject to rate recovery
28 — — — 
Total(1)
$57 $52 $(15)$— 
SoCalGas:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$4 $— $(38)$— 
Associated offsetting commodity contracts(3)— 3 — 
Net amounts presented on the balance sheet1 — (35)— 
Additional cash collateral for commodity contracts
subject to rate recovery
18 — — — 
Total$19 $— $(35)$— 
(1)    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 June 30, Three months ended June 30,
 20222021Location20222021
Sempra:     
Interest rate instruments$13 $(6)Interest Expense$— $1 
Interest rate instruments50 (32)
Equity Earnings(1)
(13)(19)
Foreign exchange instruments— (1)
Revenues: Energy-
Related Businesses
1 — 
Other (Expense) Income, Net(1)— 
Foreign exchange instruments— (1)
Equity Earnings(1)
— — 
Interest rate and foreign
exchange instruments
4 7 Interest Expense1 — 
Other (Expense) Income, Net— 7 
Total$67 $(33) $(12)$(11)
SoCalGas:
Interest rate instruments
$— $— Interest Expense$(1)$— 
 Six months ended June 30, Six months ended June 30,
 20222021Location20222021
Sempra:     
Interest rate instruments$35 $20 Interest Expense$1 $(1)
Interest rate instruments144 51 
Equity Earnings(1)
(27)(38)
Foreign exchange instruments(3)2 
Revenues: Energy-
Related Businesses
2 (1)
Other (Expense) Income, Net(1)— 
Foreign exchange instruments(2)2 
Equity Earnings(1)
1 (1)
Interest rate and foreign
exchange instruments
13 1 Interest Expense1 — 
Other (Expense) Income, Net6 1 
Total$187 $76  $(17)$(40)
SoCalGas:
Interest rate instruments$— $— Interest Expense$(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 (loss) gain on derivatives recognized in earnings
  Three months ended June 30,Six months ended June 30,
 Location2022202120222021
Sempra:     
Commodity contracts not subject
to rate recovery
Revenues: Energy-Related
Businesses
$(151)$(142)$(228)$(190)
Commodity contracts subject
to rate recovery
Cost of Natural Gas(4)— (4)2 
Commodity contracts subject
to rate recovery
Cost of Electric Fuel
and Purchased Power
(24)41 (6)43 
Foreign exchange instrumentsOther (Expense) Income, Net— — — (24)
Total $(179)$(101)$(238)$(169)
SDG&E:     
Commodity contracts subject
to rate recovery
Cost of Electric Fuel
and Purchased Power
$(24)$41 $(6)$43 
SoCalGas:     
Commodity contracts subject
to rate recovery
Cost of Natural Gas$(4)$— $(4)$2