DEBT AND CREDIT FACILITIES (Tables)

12 Months Ended

Dec. 31, 2021


COMMITTED LINES OF CREDIT
(Dollars in millions)
		At December 31, 2021
Borrower	Expiration date of facility	Total facility		Commercial paper outstanding		Amounts outstanding		Available unused credit
Sempra	May 2024	$	3,185	$	(1,240)	$	—	1,945
Sempra	May 2024	1,250		—		—		1,250
SDG&E	May 2024	1,500		(401)		—		1,099
SoCalGas	May 2024	750		(385)		—		365
SI Partners	November 2024	1,000		—		—		1,000
IEnova	September 2023	350		—		(350)		—
IEnova	February 2024	1,500		—		(399)		1,101
Total		$	9,535	$	(2,026)	$	(749)	$	6,760


FOREIGN UNCOMMITTED LINES OF CREDIT
(U.S. dollar equivalent in millions)
			December 31, 2021
Borrower	Expiration date of facility	Borrowing denomination	Total facility		Amounts outstanding		Available unused credit
IEnova(1)	September 2022	U.S. dollars	$	250	$	(250)	$	—
ECA LNG Phase 1(2)	August 2023	U.S. dollars or Mexican pesos	100		(63)		37
IEnova(3)	October 2023	U.S. dollars	100		(8)		92
IEnova(4)	October 2023	U.S. dollars or Mexican pesos	20		—		20
	Total		$	470	$	(321)	$	149

(1) Borrowings bear interest at a per annum rate equal to 3-month LIBOR plus 10 bps.

(2) Outstanding amounts were borrowed in Mexican pesos and bear interest at a variable rate based on the 28-day Interbank Equilibrium Interest Rate plus 105 bps. Borrowings made in U.S. dollars bear interest at a variable rate based on the 1-month or 3-month LIBOR plus 105 bps.

(3) Borrowings bear interest at a per annum rate equal to between 1-month and 6-month LIBOR plus 52 bps.

(4) Borrowings made in Mexican pesos bear interest at a variable rate based on the 28-day Interbank Equilibrium Interest Rate plus an applicable margin. Borrowings made in U.S. dollars bear interest at a variable rate based on 1-month LIBOR plus an applicable margin. The applicable margin is determined on the date of borrowing.


UNCOMMITTED LETTERS OF CREDIT
(Dollars in millions)
		December 31, 2021
	Expiration date range	Uncommitted letters of credit outstanding
SDG&E	January 2022 to May 2022	$	15
SoCalGas	March 2022 to November 2022	15
Sempra Infrastructure	March 2022 to October 2043	473
Parent and other	April 2022 to May 2023	179
Total		$	682

The weighted-average interest rates on the total short-term debt at December 31 were as follows:


WEIGHTED-AVERAGE INTEREST RATES

	December 31,
	2021		2020		2019
Sempra	0.60	%	0.83	%	2.31	%
SDG&E	0.65		—		1.97
SoCalGas	0.21		0.14		1.86

Schedule Of Long-term Debt

The following tables show the detail and maturities of long-term debt outstanding:


LONG-TERM DEBT AND FINANCE LEASES
(Dollars in millions)
	December 31,
	2021		2020		2019
SDG&E:
First mortgage bonds (collateralized by plant assets):
3% August 15, 2021	$	—	$	350	$	350
1.914% payable 2015 through February 2022	17		53		89
3.6% September 1, 2023	450		450		450
2.5% May 15, 2026	500		500		500
6% June 1, 2026	250		250		250
1.7% October 1, 2030	800		800		—
5.875% January and February 2034(1)	—		—		176
5.35% May 15, 2035	250		250		250
6.125% September 15, 2037	250		250		250
4% May 1, 2039(1)	—		—		75
6% June 1, 2039	300		300		300
5.35% May 15, 2040	250		250		250
4.5% August 15, 2040	500		500		500
3.95% November 15, 2041	250		250		250
4.3% April 1, 2042	250		250		250
3.75% June 1, 2047	400		400		400
4.15% May 15, 2048	400		400		400
4.1% June 15, 2049	400		400		400
3.32% April 15, 2050	400		400		—
2.95% August 15, 2051	750		—		—
	6,417		6,053		5,140
Other long-term debt (uncollateralized):
Variable rate (0.95% at December 31, 2020) 364-day term loan March 18, 2021(1)	—		200		—
Finance lease obligations:
Purchased-power contracts	1,217		1,237		1,255
Other	57		39		15
	1,274		1,476		1,270
	7,691		7,529		6,410
Current portion of long-term debt	(49)		(611)		(56)
Unamortized discount on long-term debt	(17)		(13)		(12)
Unamortized debt issuance costs	(44)		(39)		(36)
Total SDG&E	7,581		6,866		6,306

SoCalGas:
First mortgage bonds (collateralized by plant assets):
3.15% September 15, 2024	$	500	$	500	$	500
3.2% June 15, 2025	350		350		350
2.6% June 15, 2026	500		500		500
2.55% February 1, 2030	650		650		—
5.75% November 15, 2035	250		250		250
5.125% November 15, 2040	300		300		300
3.75% September 15, 2042	350		350		350
4.45% March 15, 2044	250		250		250
4.125% June 1, 2048	400		400		400
4.3% January 15, 2049	550		550		550
3.95% February 15, 2050	350		350		350

	4,450		4,450		3,800
Other long-term debt (uncollateralized):
Notes at variable rates (0.55% at December 31, 2021) September 14, 2023(1)	300		300		—
1.875% Notes May 14, 2026(1)	4		4		4
5.67% Notes January 18, 2028(2)	5		5		5
Finance lease obligations	61		54		19
	370		363		28
	4,820		4,813		3,828
Current portion of long-term debt	(11)		(10)		(6)
Unamortized discount on long-term debt	(7)		(8)		(7)
Unamortized debt issuance costs	(29)		(32)		(27)
Total SoCalGas	4,773		4,763		3,788


LONG-TERM DEBT AND FINANCE LEASES (CONTINUED)
(Dollars in millions)
	December 31,
	2021		2020		2019
Sempra:
Other long-term debt (uncollateralized):



2.4% Notes February 1, 2020	$	—	$	—	$	500
2.4% Notes March 15, 2020	—		—		500
2.85% Notes November 15, 2020	—		—		400
Notes at variable rates (2.50% at December 31, 2019) January 15, 2021(1)	—		—		700
Notes at variable rates (3.069% after floating-to-fixed rate swaps effective 2019) March 15, 2021	—		850		850
2.875% Notes October 1, 2022	—		500		500
2.9% Notes February 1, 2023	—		500		500
4.05% Notes December 1, 2023	—		500		500
3.55% Notes June 15, 2024	—		500		500
3.75% Notes November 15, 2025	—		350		350
3.25% Notes June 15, 2027	750		750		750
3.4% Notes February 1, 2028	1,000		1,000		1,000
3.8% Notes February 1, 2038	1,000		1,000		1,000
6% Notes October 15, 2039	750		750		750
4% Notes February 1, 2048	800		800		800
4.125% Junior Subordinated Notes April 1, 2052(1)	1,000		—		—
5.75% Junior Subordinated Notes July 1, 2079(1)	758		758		758


Sempra Infrastructure:
Other long-term debt (uncollateralized unless otherwise noted):
6.3% Notes February 2, 2023 (4.124% after cross-currency swap effective 2013)	189		197		207
Loan at variable rates (2.93% at December 31, 2021) December 9, 2025	341		17		—
Notes at 2.87% to 3.51% October 1, 2026(1)	—		—		22
Notes at variable rates (5.13% after floating-to-fixed rate swaps effective 2014), payable 2016 through December 2026, collateralized by plant assets(2)	154		196		237
3.75% Notes January 14, 2028	300		300		300
Loan at variable rates (5.75% at December 31, 2019) July 31, 2028(1)	—		—		11
Bank loans including $234 at a weighted-average fixed rate of 6.87%, $130 at variable rates (weighted-average rate of 6.54% after floating-to-fixed rate swaps effective 2014) and $34 at variable rates (3.45% at December 31, 2020), payable 2016 through March 2032, collateralized by plant assets	—		398		423
Loan at variable rates (4.0275% after floating-to-fixed rate swap effective 2019) payable 2022 through November 2034(1)	200		200		200
2.9% Loan November 15, 2034(1)	241		241		—
Loan at variable rates (2.38% after floating-to-fixed rate swap effective 2020) payable November 2034(1)	100		100		—
4.875% Notes January 14, 2048	540		540		540
4.75% Notes January 15, 2051	800		800		—
	8,923		11,247		12,298
Current portion of long-term debt	(46)		(919)		(1,464)
Unamortized discount on long-term debt	(65)		(55)		(35)

Unamortized debt issuance costs	(98)		(121)		(108)
Total other Sempra	8,714		10,152		10,691
Total Sempra	$	21,068	$	21,781	$	20,785

(1) Callable long-term debt not subject to make-whole provisions.

(2) Debt is not callable.

The following table shows the detail and maturities of long-term debt outstanding:


LONG-TERM DEBT
(Dollars in millions)
	December 31,
	2021		2020		2019
2.4% Notes February 1, 2020	$	—	$	—	$	500
2.4% Notes March 15, 2020	—		—		500
2.85% Notes November 15, 2020	—		—		400
Notes at variable rates (2.50% at December 31, 2019) January 15, 2021(1)	—		—		700
Notes at variable rates (3.069% after floating-to-fixed rate swaps effective 2019) March 15, 2021	—		850		850
2.875% Notes October 1, 2022	—		500		500
2.9% Notes February 1, 2023	—		500		500
4.05% Notes December 1, 2023	—		500		500
3.55% Notes June 15, 2024	—		500		500
3.75% Notes November 15, 2025	—		350		350
3.25% Notes June 15, 2027	750		750		750
3.4% Notes February 1, 2028	1,000		1,000		1,000
3.8% Notes February 1, 2038	1,000		1,000		1,000
6% Notes October 15, 2039	750		750		750
4% Notes February 1, 2048	800		800		800
4.125% Junior Subordinated Notes April 1, 2052(1)	1,000		—		—
5.75% Junior Subordinated Notes July 1, 2079(1)	758		758		758
	6,058		8,258		10,358
Current portion of long-term debt	—		(850)		(1,399)
Unamortized discount on long-term debt	(37)		(32)		(35)
Unamortized debt issuance costs	(52)		(59)		(68)
Total long-term debt	$	5,969	$	7,317	$	8,856

(1) Callable long-term debt not subject to make-whole provisions.

Schedule of Maturities of Long-term Debt


MATURITIES OF LONG-TERM DEBT(1)
(Dollars in millions)
	SDG&E		SoCalGas		Other Sempra		Total Sempra
2022	$	17	$	—	$	46	$	63
2023	450		300		257		1,007
2024	—		500		48		548
2025	—		350		410		760
2026	750		500		74		1,324
Thereafter	5,200		3,109		8,088		16,397
Total	$	6,417	$	4,759	$	8,923	$	20,099

(1) Excludes finance lease obligations, discounts, and debt issuance costs.

Schedule Of Callable Long Term Debt

At the option of Sempra, SDG&E and SoCalGas, certain debt at December 31, 2021 is callable subject to premiums:


CALLABLE LONG-TERM DEBT
(Dollars in millions)
	SDG&E		SoCalGas		Other Sempra		Total Sempra
Not subject to make-whole provisions	$	—	$	304	$	2,299	$	2,603
Subject to make-whole provisions	6,417		4,450		6,470		17,337