SIGNIFICANT ACCOUNTING POLICIES AND OTHER FINANCIAL DATA (Tables)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported on Sempra’s Consolidated Balance Sheets to the sum of such amounts reported on Sempra’s Consolidated Statements of Cash Flows.

RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH
(Dollars in millions)
	December 31,
	2022		2021
Cash and cash equivalents	$	370	$	559
Restricted cash, current	40		19
Restricted cash, noncurrent	52		3
Total cash, cash equivalents and restricted cash on the Consolidated Statements of Cash Flows	$	462	$	581

Schedule of Accounts Receivable, Allowance for Credit Loss

We provide below the changes in allowances for credit losses for trade receivables and other receivables. SDG&E and SoCalGas record changes in the allowances for credit losses related to Accounts Receivable – Trade in regulatory accounts.

CHANGES IN ALLOWANCES FOR CREDIT LOSSES
(Dollars in millions)
	2022		2021		2020
Sempra:
Allowances for credit losses at January 1	$	136	$	138	$	29
Incremental allowance upon adoption of ASU 2016-13	—		—		1
Provisions for expected credit losses	123		45		124
Write-offs	(78)		(47)		(16)
Allowances for credit losses at December 31	$	181	$	136	$	138
SDG&E:
Allowances for credit losses at January 1	$	66	$	69	$	14
Provisions for expected credit losses	54		23		65
Write-offs	(42)		(26)		(10)
Allowances for credit losses at December 31	$	78	$	66	$	69
SoCalGas:
Allowances for credit losses at January 1	$	69	$	68	$	15
Provisions for expected credit losses	65		22		59
Write-offs	(36)		(21)		(6)
Allowances for credit losses at December 31	$	98	$	69	$	68

Allowances for credit losses related to trade receivables and other receivables are included in the Consolidated Balance Sheets as follows:

ALLOWANCES FOR CREDIT LOSSES
(Dollars in millions)
	December 31,
	2022		2021
Sempra:
Accounts receivable – trade, net	$	140	$	94
Accounts receivable – other, net	40		39
Other long-term assets	1		3
Total allowances for credit losses	$	181	$	136
SDG&E:
Accounts receivable – trade, net	$	52	$	42
Accounts receivable – other, net	25		22
Other long-term assets	1		2
Total allowances for credit losses	$	78	$	66
SoCalGas:
Accounts receivable – trade, net	$	83	$	51
Accounts receivable – other, net	15		17
Other long-term assets	—		1
Total allowances for credit losses	$	98	$	69

Schedule of Inventory

The components of inventories are as follows:

INVENTORY BALANCES AT DECEMBER 31
(Dollars in millions)
	Sempra				SDG&E				SoCalGas
	2022		2021		2022		2021		2022		2021
Natural gas	$	106	$	164	$	1	$	—	$	74	$	114
LNG	62		27		—		—		—		—
Materials and supplies	235		198		133		123		85		58
Total	$	403	$	389	$	134	$	123	$	159	$	172

Wildfire Fund

The following table summarizes the location of balances related to the Wildfire Fund on Sempra’s and SDG&E’s Consolidated Balance Sheets and Consolidated Statements of Operations.

WILDFIRE FUND
(Dollars in millions)
				December 31,
	Location			2022		2021
Wildfire Fund asset:
Current	Prepaid Expenses			$	29	$	29
Noncurrent	Wildfire Fund			303		331
Wildfire Fund obligation:
Current	Other Current Liabilities			$	13	$	13
Noncurrent	Deferred Credits and Other			53		64
		Years ended December 31,
		2022		2021		2020
Amortization of Wildfire Fund asset	Operation and Maintenance	$	29	$	29	$	29
Impairment of Wildfire Fund asset	Operation and Maintenance	—		3		—
Accretion of Wildfire Fund obligation	Operation and Maintenance	2		2		2

.

A CPUC cost of capital proceeding determines a utility’s authorized capital structure and authorized return on rate base. The CCM applies in the interim years between required cost of capital applications and considers changes in the cost of capital based on changes in interest rates based on the applicable utility bond index published by Moody’s (the CCM benchmark rate) for each 12-month period ending September 30 (the measurement period). The index applicable to SDG&E and SoCalGas is based on each utility’s credit rating. The CCM benchmark rate is the basis of comparison to determine if the CCM is triggered in each measurement period, which occurs if the change in the applicable Moody’s utility bond index relative to the CCM benchmark rate is larger than plus or minus 1.000% at the end of the measurement period. The CCM, if triggered, would automatically update the authorized cost of debt based on actual costs and update the authorized ROE upward or downward by one-half of the difference between the CCM benchmark rate and the applicable Moody’s utility bond index. Alternatively, each of SDG&E and SoCalGas are permitted to file a cost of capital application in an interim year in which an extraordinary or catastrophic event materially impacts its cost of capital and affects utilities differently than the market as a whole to have its cost of capital determined in lieu of the CCM.

In December 2019, the CPUC approved the following cost of capital for SDG&E and SoCalGas that became effective on January 1, 2020 and remained in effect through December 31, 2022, subject to the CCM.

CPUC AUTHORIZED COST OF CAPITAL FOR 2020 – 2022
SDG&E							SoCalGas
Authorized weighting		Return on rate base		Weighted return on rate base			Authorized weighting		Return on rate base		Weighted return on rate base
45.25	%	4.59	%	2.08	%	Long-Term Debt	45.60	%	4.23	%	1.93	%
2.75		6.22		0.17		Preferred Equity	2.40		6.00		0.14
52.00		10.20		5.30		Common Equity	52.00		10.05		5.23
100.00	%			7.55	%		100.00	%			7.30	%

CPUC AUTHORIZED COST OF CAPITAL FOR 2023 – 2025
SDG&E							SoCalGas
Authorized weighting		Return on rate base		Weighted return on rate base(1)			Authorized weighting		Return on rate base		Weighted return on rate base
45.25	%	4.05	%	1.83	%	Long-Term Debt	45.60	%	4.07	%	1.86	%
2.75		6.22		0.17		Preferred Equity	2.40		6.00		0.14
52.00		9.95		5.17		Common Equity	52.00		9.80		5.10
100.00	%			7.18	%		100.00	%			7.10	%

(1)    Total weighted return on rate base does not sum due to rounding differences.

Schedule of Property, Plant and Equipment

PROPERTY, PLANT AND EQUIPMENT BY MAJOR FUNCTIONAL CATEGORY
(Dollars in millions)
	December 31,				Depreciation rates for years ended December 31,
	2022		2021		2022		2021			2020
SDG&E:
Natural gas operations	$	3,707	$	3,200	2.57	%	2.55	%		2.51	%
Electric distribution	10,271		9,471		3.94		3.93			3.90
Electric transmission(1)	8,061		7,577		3.03		3.02			3.10
Electric generation	2,461		2,446		5.11		4.74			4.56
Other electric	2,211		2,100		7.03		7.23			6.92
Construction work in progress(1)	1,863		1,662		N/A		N/A			N/A
Total SDG&E	28,574		26,456
SoCalGas:
Natural gas operations	23,646		21,894		3.57		3.65			3.63
Other non-utility	50		50		1.54		2.23			3.80
Construction work in progress	1,362		1,160		N/A		N/A			N/A
Total SoCalGas	25,058		23,104
Sempra Infrastructure and parent(2):					Estimated useful lives				Weighted-average useful life
Land and land rights	476		291		16 to 44 years(3)					37
Machinery and equipment:
Pipelines and storage	3,813		3,698		41 to 49 years					42
Generating plants	1,803		1,659		11 to 28 years					26
LNG terminals	1,138		1,138		43 years					43
Refined products terminals	643		420		38 years					38
Other	344		370		1 to 22 years					3
Construction work in progress	1,757		1,494		N/A					N/A
Other	287		310		4 to 34 years					16
	10,261		9,380
Total Sempra	$	63,893	$	58,940

(1)    At December 31, 2022, includes $554 in electric transmission assets and $7 in construction work in progress related to SDG&E’s 86% interest in the Southwest Powerlink transmission line, jointly owned by SDG&E with other utilities. SDG&E, and each of the other owners, holds its undivided interest as a tenant in common in the property. Each owner is responsible for its share of the project and participates in decisions concerning operations and capital expenditures. SDG&E’s share of operating expenses is included in Sempra’s and SDG&E’s Consolidated Statements of Operations.

(2)    Includes $246 and $211 at December 31, 2022 and 2021, respectively, of utility plant, primarily pipelines and other distribution assets at Ecogas.

(3)    Estimated useful lives are for land rights.

DEPRECIATION EXPENSE
(Dollars in millions)
	Years ended December 31,
	2022		2021		2020
Sempra	$	1,995	$	1,833	$	1,646
SDG&E	977		884		797
SoCalGas	755		711		649

ACCUMULATED DEPRECIATION AND AMORTIZATION
(Dollars in millions)
	December 31,
	2022		2021
SDG&E:
Accumulated depreciation:
Natural gas operations	$	979	$	919
Electric transmission, distribution and generation(1)	5,789		5,489
Total SDG&E	6,768		6,408
SoCalGas:
Accumulated depreciation:
Natural gas operations	7,291		6,845
Other non-utility	17		16
Total SoCalGas	7,308		6,861
Sempra Infrastructure and parent:
Accumulated depreciation – other(2)	2,035		1,777
Total Sempra	$	16,111	$	15,046

(1)    Includes $307 at December 31, 2022 related to SDG&E’s 86% interest in the Southwest Powerlink transmission line, jointly owned by SDG&E and other utilities.

(2)    Includes $65 and $55 at December 31, 2022 and 2021, respectively, of accumulated depreciation for utility plant at Ecogas.

Schedule Of Capitalized Financing Costs

The table below summarizes capitalized financing costs, comprised of AFUDC and capitalized interest.

CAPITALIZED FINANCING COSTS
(Dollars in millions)
	Years ended December 31,
	2022		2021		2020
Sempra	$	255	$	217	$	202
SDG&E	116		106		104
SoCalGas	73		64		55

Schedule Of Other Intangible Assets

Other Intangible Assets included on Sempra’s Consolidated Balance Sheets are as follows:

OTHER INTANGIBLE ASSETS
(Dollars in millions)
	Amortization period (years)	December 31,
		2022		2021
Renewable energy transmission and consumption permits	15 to 19	$	169	$	169
O&M agreement	23	66		66
ESJ PPA	14	190		190
Other	10 to indefinite	15		15
		440		440
Less accumulated amortization:
Renewable energy transmission and consumption permits		(50)		(40)
O&M agreement		(15)		(12)
ESJ PPA		(23)		(10)
Other		(8)		(8)
		(96)		(70)
		$	344	$	370

Schedule Of Asset Retirement Obligations

The changes in AROs are as follows:

CHANGES IN ASSET RETIREMENT OBLIGATIONS
(Dollars in millions)
	Sempra						SDG&E						SoCalGas
	2022		2021		2020		2022		2021		2020		2022		2021		2020
Balance as of January 1(1)	$	3,538	$	3,289	$	3,083	$	890	$	876	$	866	$	2,582	$	2,368	$	2,177
Accretion expense	141		133		127		37		38		39		101		92		86
Liabilities incurred and acquired	21		20		2		6		2		—		—		—		—
Payments	(57)		(63)		(63)		(54)		(60)		(60)		(3)		(3)		(2)
Revisions(2)	69		159		140		8		34		31		63		125		107
Balance at December 31(1)	$	3,712	$	3,538	$	3,289	$	887	$	890	$	876	$	2,743	$	2,582	$	2,368

(1)    Current portion of the ARO for Sempra is included in Other Current Liabilities on the Consolidated Balance Sheets.

(2)    SDG&E’s change in ARO in 2022 and 2021 includes $1 and $22, respectively, due to a revised estimate that is offset in noncurrent Regulatory Liabilities and Regulatory Assets, respectively, on the Consolidated Balance Sheets.

Schedule Of Changes In Accumulated Other Comprehensive Income By Component

The following tables present the changes in AOCI by component and amounts reclassified out of AOCI to net income, excluding amounts attributable to NCI.

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) BY COMPONENT(1)
(Dollars in millions)
	Foreign currency translation adjustments		Financial instruments		Pension and PBOP		Total AOCI
Sempra(2):
Balance as of December 31, 2019	$	(607)	$	(215)	$	(117)	$	(939)
OCI before reclassifications(3)(4)	(102)		(163)		(26)		(291)
Amounts reclassified from AOCI(3)	645		47		38		730
Net OCI(4)	543		(116)		12		439
Balance as of December 31, 2020	(64)		(331)		(105)		(500)
OCI before reclassifications(4)	(34)		62		8		36
Amounts reclassified from AOCI(5)	19		113		14		146
Net OCI(4)(5)	(15)		175		22		182
Balance as of December 31, 2021	(79)		(156)		(83)		(318)
OCI before reclassifications	10		147		(11)		146
Amounts reclassified from AOCI(6)	10		19		8		37
Net OCI(6)	20		166		(3)		183
Balance as of December 31, 2022	$	(59)	$	10	$	(86)	$	(135)
SDG&E:
Balance as of December 31, 2019					$	(16)	$	(16)
OCI before reclassifications(3)					(4)		(4)
Amounts reclassified from AOCI(3)					10		10
Net OCI					6		6
Balance as of December 31, 2020					(10)		(10)
OCI before reclassifications					(1)		(1)
Amounts reclassified from AOCI					1		1
Net OCI					—		—
Balance as of December 31, 2021					(10)		(10)
OCI before reclassifications					2		2
Amounts reclassified from AOCI					1		1
Net OCI					3		3
Balance as of December 31, 2022					$	(7)	$	(7)
SoCalGas:
Balance as of December 31, 2019			$	(13)	$	(10)	$	(23)
OCI before reclassifications(3)			—		(10)		(10)
Amounts reclassified from AOCI(3)			—		2		2
Net OCI			—		(8)		(8)
Balance as of December 31, 2020			(13)		(18)		(31)
OCI before reclassifications			—		(2)		(2)
Amounts reclassified from AOCI			—		2		2
Net OCI			—		—		—
Balance as of December 31, 2021			(13)		(18)		(31)
OCI before reclassifications			—		4		4
Amounts reclassified from AOCI			1		2		3
Net OCI			1		6		7
Balance as of December 31, 2022			$	(12)	$	(12)	$	(24)

(1)    All amounts are net of income tax, if subject to tax, and after NCI.

(2)    Includes discontinued operations in 2020.

(3)    Pension and PBOP and Total AOCI include $6 in transfers of liabilities from SDG&E to SoCalGas and $3 in transfers of liabilities from SDG&E to Sempra in 2020.

(4)    Total AOCI includes $(28) of foreign currency translation adjustments and $(16) of financial instruments associated with the IEnova exchange and cash tender offers in 2021. Total AOCI includes $(4) of foreign currency translation adjustments and $(3) of financial instruments associated with IEnova’s repurchases of NCI in 2020. We discuss these transactions below in “Other Noncontrolling Interests – Sempra Infrastructure.” These transactions do not impact the Consolidated Statements of Comprehensive Income (Loss).

(5)    Total AOCI includes $19 of foreign currency translation adjustments and $47 of financial instruments associated with the sale of NCI to KKR in 2021. We discuss this transaction below in “Other Noncontrolling Interests – Sempra Infrastructure.” This transaction does not impact the Consolidated Statement of Comprehensive Income (Loss).

(6)    Total AOCI includes $9 of foreign currency translation adjustments associated with the sale of NCI to ADIA in 2022. We discuss this transaction below in “Other Noncontrolling Interests – Sempra Infrastructure.” This transaction does not impact the Consolidated Statement of Comprehensive Income (Loss).

Schedule Of Reclassifications Out Of Accumulated Other Comprehensive Income

RECLASSIFICATIONS OUT OF ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
Details about accumulated other comprehensive income (loss) components	Amounts reclassified from accumulated other comprehensive income (loss)						Affected line item on Consolidated Statements of Operations
	Years ended December 31,
	2022		2021		2020
Sempra:
Foreign currency translation adjustments	$	1	$	—	$	—	Operation and Maintenance
Foreign currency translation adjustments	—		—		645		Income from Discontinued Operations, Net of Income Tax
Total, net of income tax	$	1	$	—	$	645
Financial instruments:
Interest rate instruments	$	1	$	11	$	10	Interest Expense
Interest rate instruments	29		73		46		Equity Earnings(1)
Foreign exchange instruments	(1)		1		(1)		Revenues: Energy-Related Businesses
	1		—		—		Other Income (Expense), Net
Interest rate and foreign exchange instruments	(2)		1		1		Interest Expense
	(12)		6		11		Other Income (Expense), Net
Total, before income tax	16		92		67
	(6)		(24)		(19)		Income Tax Expense
Total, net of income tax	10		68		48
	9		(2)		(1)		Earnings Attributable to Noncontrolling Interests
Total, net of income tax and after NCI	$	19	$	66	$	47
Pension and PBOP(2):
Amortization of actuarial loss	$	7	$	8	$	8	Other Income (Expense), Net
Amortization of actuarial loss	—		—		6		Income from Discontinued Operations, Net of Income Tax
Amortization of prior service cost	4		4		4		Other Income (Expense), Net
Settlement charges	—		7		22		Other Income (Expense), Net
Total, before income tax	11		19		40
	—		—		(2)		Income from Discontinued Operations, Net of Income Tax
	(3)		(5)		(9)		Income Tax Expense
Total, net of income tax	$	8	$	14	$	29
Total reclassifications for the period, net of income tax and after NCI	$	28	$	80	$	721
SDG&E:
Pension and PBOP(2):
Amortization of actuarial loss	$	1	$	—	$	1	Other Income, Net
Amortization of prior service cost	—		1		1		Other Income, Net
Total, before income tax	1		1		2
	—		—		(1)		Income Tax Expense
Total reclassifications for the period, net of income tax	$	1	$	1	$	1
SoCalGas:
Financial instruments:
Interest rate instruments	$	1	$	—	$	—	Interest Expense
Pension and PBOP(2):
Amortization of actuarial loss	$	2	$	1	$	1	Other Expense, Net
Amortization of prior service cost	1		1		1		Other Expense, Net
Total, before income tax	3		2		2
	(1)		—		—		Income Tax Expense
Total, net of income tax	$	2	$	2	$	2
Total reclassifications for the period, net of income tax	$	3	$	2	$	2

(1)    Equity earnings at our foreign equity method investees are recognized after tax.

(2)    Amounts are included in the computation of net periodic benefit cost (see “Net Periodic Benefit Cost” in Note 9).

Schedule Of Noncontrolling Interests

The following table provides information about NCI held by others in subsidiaries or entities consolidated by us and recorded in Other Noncontrolling Interests in Total Equity on Sempra’s Consolidated Balance Sheets.

OTHER NONCONTROLLING INTERESTS
(Dollars in millions)
	Percent ownership held by noncontrolling interests				Equity held by noncontrolling interests
	December 31,				December 31,
	2022		2021		2022		2021
Sempra Infrastructure:
SI Partners	30.0	%	20.0	%	$	2,060	$	1,384
SI Partners subsidiaries(1)	0.1 - 16.6		0.1 - 16.6		61		34
Total Sempra					$	2,121	$	1,418

(1)    SI Partners has subsidiaries with NCI held by others. Percentage range reflects the highest and lowest ownership percentages among these subsidiaries.

Schedule of Related Party Transactions

TRANSACTIONS WITH AFFILIATES

We summarize amounts due from and to unconsolidated affiliates at Sempra, SDG&E and SoCalGas in the following table.

AMOUNTS DUE FROM (TO) UNCONSOLIDATED AFFILIATES
(Dollars in millions)
	December 31,
	2022		2021
Sempra:
Tax sharing arrangement with Oncor Holdings	$	41	$	18
Various affiliates	13		5
Total due from unconsolidated affiliates – current	$	54	$	23
Sempra Infrastructure – IMG – Note due March 15, 2022, net of allowance for credit losses of $1 at December 31, 2021(1)	$	—	$	637
Total due from unconsolidated affiliates – noncurrent	$	—	$	637
Sempra Infrastructure(2):
TAG Pipelines Norte, S. de R.L. de C.V.:
5.5% Note due January 9, 2024	$	(40)	$	(69)
5.5% Note due January 14, 2025	(23)		(21)
5.5% Note due July 16, 2025	(21)		(20)
5.5% Note due January 14, 2026	(19)		—
5.5% Note due July 14, 2026	(11)		—
TAG – 5.74% Note due December 17, 2029	(187)		(177)
Total due to unconsolidated affiliates – noncurrent	$	(301)	$	(287)
SDG&E:
Sempra	$	(49)	$	(40)
SoCalGas	(72)		(48)
Various affiliates	(14)		(9)
Total due to unconsolidated affiliates – current	$	(135)	$	(97)
Income taxes due from Sempra(3)	$	10	$	19
SoCalGas:
SDG&E	$	72	$	48
Various affiliates	5		1
Total due from unconsolidated affiliates – current	$	77	$	49
Sempra	$	(36)	$	(36)
Total due to unconsolidated affiliates – current	$	(36)	$	(36)
Income taxes due (to) from Sempra(3)	$	(16)	$	6

(1)    At December 31, 2021, represents a Mexican peso-denominated revolving line of credit for up to 14.2 billion Mexican pesos or approximately $691 U.S. dollar-equivalent at a variable interest rate based on the 91-day Interbank Equilibrium Interest Rate plus 220 bps (8.06% at December 31, 2021). At December 31, 2021, $2 of accrued interest receivable is included in Due from Unconsolidated Affiliates – Current. In March 2022, Sempra Infrastructure amended and restated the revolving line of credit to a U.S. dollar-denominated note in the amount of $625 at a variable interest rate based on the adjusted 1-month SOFR plus 180 bps and extended the maturity date to March 15, 2023. In July 2022, this note receivable was paid in full.

(2)    U.S. dollar-denominated loans at fixed interest rates. Amounts include principal balances plus accumulated interest outstanding.

(3)    SDG&E and SoCalGas are included in the consolidated income tax return of Sempra, and their respective income tax expense is computed as an amount equal to that which would result from each company having always filed a separate return. Amounts include current and noncurrent income taxes due to/from Sempra.

The following table summarizes income statement information from unconsolidated affiliates.

INCOME STATEMENT IMPACT FROM UNCONSOLIDATED AFFILIATES
(Dollars in millions)
	Years ended December 31,
	2022		2021		2020
Sempra:
Revenues	$	41	$	31	$	37
Cost of sales	—		11		45
Interest income	16		50		56
Interest expense	15		15		14
SDG&E:
Revenues	$	16	$	11	$	6
Cost of sales	92		103		79
SoCalGas:
Revenues	$	100	$	98	$	88
Cost of sales(1)	(9)		1		—

(1)    Includes net commodity costs from natural gas transactions with unconsolidated affiliates.

Schedule Of Other Income (Expense)

Other Income (Expense), Net on the Consolidated Statements of Operations consists of the following:

OTHER INCOME (EXPENSE), NET
(Dollars in millions)
	Years ended December 31,
	2022		2021		2020
Sempra:
Allowance for equity funds used during construction	$	143	$	133	$	128
Investment (losses) gains, net(1)	(42)		50		41
Gains (losses) on interest rate and foreign exchange instruments, net	11		(28)		(67)
Foreign currency transaction losses, net(2)	(24)		(18)		(25)
Non-service component of net periodic benefit cost	(59)		(67)		(102)
Interest on regulatory balancing accounts, net	26		6		14
Sundry, net	(31)		(18)		(37)
Total	$	24	$	58	$	(48)
SDG&E:
Allowance for equity funds used during construction	$	88	$	81	$	79
Non-service component of net periodic benefit cost	(11)		(13)		(20)
Interest on regulatory balancing accounts, net	18		6		9
Sundry, net	(3)		(10)		(16)
Total	$	92	$	64	$	52
SoCalGas:
Allowance for equity funds used during construction	$	55	$	48	$	41
Non-service component of net periodic benefit cost	(42)		(40)		(54)
Interest on regulatory balancing accounts, net	8		—		5
Sundry, net	(29)		(22)		(20)
Total	$	(8)	$	(14)	$	(28)

(1)    Represents net investment (losses) gains on dedicated assets in support of our executive retirement and deferred compensation plans. These amounts are offset by corresponding changes in compensation expense related to the plans, recorded in O&M on the Consolidated Statements of Operations.

(2)    Includes losses of $11, $23 and $42 in 2022, 2021 and 2020, respectively, from translation to U.S. dollars of a Mexican peso-denominated loan to IMG, which are offset by corresponding amounts included in Equity Earnings on the Consolidated Statements of Operations.