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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2022

Schedule Of Defined Benefit Plans, Change In Benefit Obligation And Fair Value Of Plan Assets

The following three tables provide a reconciliation of the changes in the plans’ projected benefit obligations and the fair value of assets during 2022 and 2021, and a statement of the funded status at December 31, 2022 and 2021.


PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
(Dollars in millions)
	Pension(1)				PBOP
	2022		2021		2022		2021
Sempra:
CHANGE IN PROJECTED BENEFIT OBLIGATION
Net obligation at January 1	$	3,857	$	4,077	$	940	$	989
Service cost	146		145		23		23
Interest cost	118		112		28		28
Contributions from plan participants	—		—		23		21
Actuarial gain	(925)		(76)		(282)		(53)
Benefit payments	(89)		(98)		(69)		(68)
Settlements	(301)		(303)		—		—
Net obligation at December 31	2,806		3,857		663		940

CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1	3,182		3,002		1,408		1,399
Actual return on plan assets	(625)		340		(271)		51
Employer contributions	223		241		5		5
Contributions from plan participants	—		—		23		21
Benefit payments	(89)		(98)		(69)		(68)
Settlements	(301)		(303)		—		—
Fair value of plan assets at December 31	2,390		3,182		1,096		1,408
Funded status at December 31	$	(416)	$	(675)	$	433	$	468
Net recorded (liability) asset at December 31	$	(416)	$	(675)	$	433	$	468

(1) The accumulated benefit obligation was $2,574 and $3,419 at December 31, 2022 and 2021, respectively.


PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
(Dollars in millions)
	Pension(1)				PBOP
	2022		2021		2022		2021
SDG&E:
CHANGE IN PROJECTED BENEFIT OBLIGATION
Net obligation at January 1	$	885	$	913	$	188	$	193
Service cost	37		35		5		5
Interest cost	26		25		6		5
Contributions from plan participants	—		—		8		7
Actuarial gain	(135)		(2)		(54)		(3)
Benefit payments	(17)		(17)		(19)		(19)
Settlements	(82)		(69)		—		—
Net obligation at December 31	714		885		134		188

CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1	859		819		197		213
Actual return on plan assets	(142)		73		(40)		(5)
Employer contributions	52		53		1		1
Contributions from plan participants	—		—		8		7
Benefit payments	(17)		(17)		(19)		(19)
Settlements	(82)		(69)		—		—
Fair value of plan assets at December 31	670		859		147		197
Funded status at December 31	$	(44)	$	(26)	$	13	$	9
Net recorded (liability) asset at December 31	$	(44)	$	(26)	$	13	$	9

(1) The accumulated benefit obligation was $678 and $824 at December 31, 2022 and 2021, respectively.


PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
(Dollars in millions)
	Pension(1)				PBOP
(Dollars in millions)	2022		2021		2022		2021
SoCalGas:
CHANGE IN PROJECTED BENEFIT OBLIGATION
Net obligation at January 1	$	2,647	$	2,829	$	706	$	749
Service cost	96		97		17		17
Interest cost	81		78		21		22
Contributions from plan participants	—		—		14		13
Actuarial gain	(748)		(83)		(215)		(49)
Benefit payments	(58)		(63)		(46)		(46)
Settlements	(204)		(211)		—		—
Net obligation at December 31	1,814		2,647		497		706

CHANGE IN PLAN ASSETS
Fair value of plan assets at January 1	2,095		1,969		1,178		1,159
Actual return on plan assets	(449)		243		(224)		51
Employer contributions	151		157		1		1
Contributions from plan participants	—		—		14		13
Benefit payments	(58)		(63)		(46)		(46)
Settlements	(204)		(211)		—		—
Fair value of plan assets at December 31	1,535		2,095		923		1,178
Funded status at December 31	$	(279)	$	(552)	$	426	$	472
Net recorded (liability) asset at December 31	$	(279)	$	(552)	$	426	$	472

(1) The accumulated benefit obligation was $1,644 and $2,306 at December 31, 2022 and 2021, respectively.

Schedule Of Defined Benefit Plans, Amounts Recognized In Balance Sheet

The net (liability) asset is included in the following categories on the Consolidated Balance Sheets.


PENSION AND PBOP OBLIGATIONS, NET OF PLAN ASSETS
(Dollars in millions)
	Pension				PBOP
	December 31,				December 31,
	2022		2021		2022		2021
Sempra:
Noncurrent assets	$	8	$	19	$	443	$	481
Current liabilities	(23)		(19)		(1)		(1)
Noncurrent liabilities	(401)		(675)		(9)		(12)
Net recorded (liability) asset	$	(416)	$	(675)	$	433	$	468
SDG&E:
Noncurrent assets	$	—	$	—	$	13	$	9
Current liabilities	(2)		(1)		—		—
Noncurrent liabilities	(42)		(25)		—		—
Net recorded (liability) asset	$	(44)	$	(26)	$	13	$	9
SoCalGas:
Noncurrent assets	$	—	$	—	$	426	$	472
Current liabilities	(2)		(1)		—		—
Noncurrent liabilities	(277)		(551)		—		—
Net recorded (liability) asset	$	(279)	$	(552)	$	426	$	472

Schedule Of Defined Benefit Plans, Amounts In Accumulated Other Comprehensive Income

Amounts recorded in AOCI, net of income tax effects and amounts recorded as regulatory assets, are as follows.


AMOUNTS IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
(Dollars in millions)
	Pension				PBOP
	December 31,				December 31,
	2022		2021		2022		2021
Sempra:
Net actuarial (loss) gain	$	(95)	$	(86)	$	14	$	11
Prior service cost	(5)		(8)		—		—
Total	$	(100)	$	(94)	$	14	$	11
SDG&E:
Net actuarial loss	$	(6)	$	(9)
Prior service cost	(1)		(1)
Total	$	(7)	$	(10)
SoCalGas:
Net actuarial loss	$	(9)	$	(15)
Prior service cost	(3)		(3)
Total	$	(12)	$	(18)

Schedule Of Defined Benefit Plans, Pension Plans With Benefit Obligations In Excess Of Plan Assets

The following table shows the obligations of funded pension plans with benefit obligations in excess of plan assets.


OBLIGATIONS OF FUNDED PENSION PLANS
(Dollars in millions)
	December 31,
	2022		2021
Sempra:
Projected benefit obligation	$	2,476	$	2,612
Accumulated benefit obligation	2,277		2,277
Fair value of plan assets	2,205		2,095
SDG&E:
Projected benefit obligation	$	691
Accumulated benefit obligation	658
Fair value of plan assets	670
SoCalGas:
Projected benefit obligation	$	1,785	$	2,612
Accumulated benefit obligation	1,619		2,277
Fair value of plan assets	1,535		2,095

We also have unfunded pension plans at Sempra, SDG&E, SoCalGas and IEnova. The following table shows the obligations of unfunded pension plans.


OBLIGATIONS OF UNFUNDED PENSION PLANS
(Dollars in millions)
	December 31,
	2022		2021
Sempra:
Projected benefit obligation	$	153	$	178
Accumulated benefit obligation	124		139
SDG&E:
Projected benefit obligation	$	23	$	26
Accumulated benefit obligation	20		22
SoCalGas:
Projected benefit obligation	$	29	$	35
Accumulated benefit obligation	25		29

Sempra, SDG&E and SoCalGas each have a funded PBOP plan. The following table shows the obligations of funded PBOP plans with accumulated postretirement benefit obligations in excess of plan assets.


OBLIGATIONS OF FUNDED PBOP PLANS
(Dollars in millions)
	December 31, 2021
Sempra:
Accumulated postretirement benefit obligation	$	34
Fair value of plan assets	33

We also have unfunded PBOP plans at Sempra. The following table shows the obligations of unfunded PBOP plans.


OBLIGATIONS OF UNFUNDED PBOP PLANS
(Dollars in millions)
	December 31,
	2022		2021
Sempra:
Accumulated postretirement benefit obligation	$	10	$	12

Schedule of Net Periodic Costs and Amounts Recognized in OCI

The following tables provide the components of net periodic benefit cost and pretax amounts recognized in OCI:


NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OCI
(Dollars in millions)
	Pension						PBOP
	Years ended December 31,						Years ended December 31,
	2022		2021		2020		2022		2021		2020
Sempra:
NET PERIODIC BENEFIT COST
Service cost	$	146	$	145	$	129	$	23	$	23	$	18
Interest cost	118		112		129		28		28		33
Expected return on assets	(183)		(173)		(169)		(64)		(61)		(55)
Amortization of:
Prior service cost (credit)	10		11		12		(2)		(2)		(2)
Actuarial loss (gain)	25		45		35		(15)		(9)		(10)
Settlement charges	28		38		22		—		—		—
Net periodic benefit cost (credit)	144		178		158		(30)		(21)		(16)
Regulatory adjustment	84		57		91		30		21		16
Total expense recognized	228		235		249		—		—		—

CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OCI (1)
Net loss (gain)	12		(5)		28		(4)		(4)		1
Amortization of actuarial loss	(8)		(8)		(14)		1		—		—
Amortization of prior service cost	(4)		(4)		(4)		—		—		—
Settlements	—		(7)		(22)		—		—		—
Total recognized in OCI	—		(24)		(12)		(3)		(4)		1
Total recognized in net periodic benefit cost and OCI	$	228	$	211	$	237	$	(3)	$	(4)	$	1

(1) Includes discontinued operations in 2020.


NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OCI
(Dollars in millions)
	Pension						PBOP
	Years ended December 31,						Years ended December 31,
	2022		2021		2020		2022		2021		2020
SDG&E:
NET PERIODIC BENEFIT COST
Service cost	$	37	$	35	$	31	$	5	$	5	$	4
Interest cost	26		25		30		6		5		6
Expected return on assets	(46)		(50)		(49)		(10)		(10)		(10)
Amortization of:
Prior service cost	1		1		2		—		—		—
Actuarial loss (gain)	1		2		3		(2)		(2)		(3)
Settlement charges	14		6		—		—		—		—
Net periodic benefit cost (credit)	33		19		17		(1)		(2)		(3)
Regulatory adjustment	20		34		38		1		2		3
Total expense recognized	53		53		55		$	—	$	—	$	—

CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OCI
Net (gain) loss	(3)		1		6
Transfer of actuarial gain	—		—		(7)
Transfer of prior service credit	—		—		(5)
Amortization of actuarial loss	(1)		—		(1)
Amortization of prior service cost	—		(1)		(1)
Total recognized in OCI	(4)		—		(8)
Total recognized in net periodic benefit cost and OCI	$	49	$	53	$	47


NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OCI
(Dollars in millions)
	Pension						PBOP
	Years ended December 31,						Years ended December 31,
	2022		2021		2020		2022		2021		2020
SoCalGas:
NET PERIODIC BENEFIT COST
Service cost	$	96	$	97	$	86	$	17	$	17	$	14
Interest cost	81		78		88		21		22		25
Expected return on assets	(126)		(113)		(107)		(53)		(48)		(43)
Amortization of:
Prior service cost (credit)	8		8		8		(2)		(3)		(2)
Actuarial loss (gain)	18		36		26		(12)		(7)		(7)
Settlement charges	14		25		—		—		—		—
Net periodic benefit cost (credit)	91		131		101		(29)		(19)		(13)
Regulatory adjustment	64		23		53		29		19		13
Total expense recognized	155		154		154		$	—	$	—	$	—

CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN OCI
Net (gain) loss	(5)		2		6
Transfer of actuarial loss	—		—		5
Transfer of prior service cost	—		—		3
Amortization of actuarial loss	(2)		(1)		(1)
Amortization of prior service cost	(1)		(1)		(1)
Total recognized in OCI	(8)		—		12
Total recognized in net periodic benefit cost and OCI	$	147	$	154	$	166

Schedule of Assumptions Used

The significant assumptions affecting benefit obligation and net periodic benefit cost are as follows:


WEIGHTED-AVERAGE ASSUMPTIONS USED TO DETERMINE BENEFIT OBLIGATION

	Pension				PBOP
	December 31,				December 31,
	2022		2021		2022		2021
Sempra:
Discount rate	5.63	%	3.04	%	5.65	%	3.04	%
Interest crediting rate(1)(2)	3.99		1.94		3.99		1.94
Rate of compensation increase	2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00
SDG&E:
Discount rate	5.60	%	2.99	%	5.65	%	3.05	%
Interest crediting rate(1)(2)	3.99		1.94		3.99		1.94
Rate of compensation increase	3.50-10.00		3.50-10.00		3.50-10.00		3.50-10.00
SoCalGas:
Discount rate	5.60	%	3.04	%	5.65	%	3.05	%
Interest crediting rate(1)(2)	3.99		1.94		3.99		1.94
Rate of compensation increase	2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00

(1) Interest crediting rate for pension benefits applies only to funded cash balance plans.

(2) Interest crediting rate for PBOP applies only to interest bearing health retirement accounts at SDG&E and SoCalGas.


WEIGHTED-AVERAGE ASSUMPTIONS USED TO DETERMINE NET PERIODIC BENEFIT COST

	Pension						PBOP
	Years ended December 31,						Years ended December 31,
	2022		2021		2020		2022		2021		2020
Sempra:
Discount rate	3.04	%	2.78	%	3.49	%	3.04	%	2.88	%	3.54	%
Expected return on plan assets	6.27		6.47		7.00		4.77		4.76		4.64
Interest crediting rate(1)(2)	1.94		1.62		2.28		1.94		1.62		2.28
Rate of compensation increase	2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00
SDG&E:
Discount rate	2.99	%	2.73	%	3.44	%	3.05	%	2.85	%	3.55	%
Expected return on plan assets	5.50		6.25		7.00		4.80		4.81		5.51
Interest crediting rate(1)(2)	1.94		1.62		2.28		1.94		1.62		2.28
Rate of compensation increase	3.50-10.00		2.70-10.00		2.70-10.00		3.50-10.00		2.70-10.00		2.70-10.00
SoCalGas:
Discount rate	3.04	%	2.79	%	3.50	%	3.05	%	2.90	%	3.55	%
Expected return on plan assets	6.75		6.75		7.00		4.71		4.70		4.41
Interest crediting rate(1)(2)	1.94		1.62		2.28		1.94		1.62		2.28
Rate of compensation increase	2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00		2.70-10.00

(1) Interest crediting rate for pension benefits applies only to funded cash balance plans.

(2) Interest crediting rate for PBOP applies only to interest bearing health retirement accounts at SDG&E and SoCalGas.

Schedule of Health Care Cost Trend Rates

Assumed health care cost trend rates have a significant effect on the amounts that Sempra, SDG&E and SoCalGas report for the health care plan costs. Following are the health care cost trend rates applicable to our PBOP plans:


ASSUMED HEALTH CARE COST TREND RATES

	PBOP
	Pre-65 retirees						Retirees aged 65 years and older
	Years ended December 31,						Years ended December 31,
	2022		2021		2020		2022		2021		2020
Health care cost trend rate assumed for next year	6.00	%	6.00	%	6.00	%	4.50	%	4.75	%	4.75	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend)	4.75	%	4.75	%	4.75	%	4.50	%	4.50	%	4.50	%
Year the rate reaches the ultimate trend	2028		2025		2025		2022		2022		2022

Schedule of Target Asset Allocations

The target asset allocations for Sempra’s pension master trust are between return-seeking assets (i.e., generally, equity securities, high-yield fixed income securities and other instruments with a similar risk profile) and risk-mitigating assets (i.e., generally, government and corporate fixed income securities) as follows:


TARGET ASSET ALLOCATIONS FOR SEMPRA’S PENSION MASTER TRUST
(Dollars in millions)
	Sempra		SDG&E		SoCalGas
Return-seeking assets	34	%	42	%	65	%
Risk-mitigating assets	66	%	58	%	35	%

The target asset allocations for the PBOP plans are between return-seeking assets and risk-mitigating assets as follows:


TARGET ASSET ALLOCATIONS FOR PBOP PLANS
(Dollars in millions)
	Sempra		SDG&E and SoCalGas
	Assets held in pension master trust		Assets held in pension master trust		Assets held in Voluntary Employee Beneficiary Association trusts
Return-seeking assets	74	%	38	%	30	%
Risk-mitigating assets	26	%	62	%	70	%

Schedule Of Defined Benefit Plans, Fair Value Of Plan Assets By Level In Fair Value Hierarchy

The fair values by asset category are as follows:


FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PENSION PLANS
(Dollars in millions)
	Fair value at December 31, 2022
	Level 1		Level 2		Total
SDG&E:
Cash and cash equivalents	$	3	$	—	3
Equity securities:
Domestic	79		1		80
International	40		—		40
Registered investment companies:
Domestic	35		2		37
International	5		—		5
Fixed income securities:
Domestic government and government agencies	224		3		227
International government bonds	—		2		2
Domestic corporate bonds	—		52		52
International corporate bonds	—		8		8
Other	(1)		—		(1)
Total investment assets in the fair value hierarchy	385		68		453
Accounts receivable/payable, net					(1)
Investments measured at NAV:
Common/collective trusts					210
Other					8
Total SDG&E investment assets					670
SoCalGas:
Cash and cash equivalents	6		—		6
Equity securities:
Domestic	311		2		313
International	158		—		158
Registered investment companies:
Domestic	137		7		144
International	20		—		20
Fixed income securities:
Domestic government and government agencies	261		17		278
International government bonds	—		6		6
Domestic corporate bonds	—		204		204
International corporate bonds	—		30		30
Other	(1)		1		—
Total investment assets in the fair value hierarchy	892		267		1,159
Accounts receivable/payable, net					(7)
Investments measured at NAV:
Common/collective trusts					355
Other					28
Total SoCalGas investment assets					$	1,535


FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PENSION PLANS (CONTINUED)
(Dollars in millions)
	Fair value at December 31, 2022
	Level 1		Level 2		Total
Other Sempra:
Cash and cash equivalents	$	1	$	—	$	1
Equity securities:
Domestic	17		—		17
International	9		—		9
Registered investment companies:
Domestic	7		—		7
International	2		—		2
Fixed income securities:
Domestic government and government agencies	72		3		75
Domestic corporate bonds	—		11		11
International corporate bonds	—		1		1
Total investment assets in the fair value hierarchy	108		15		123
Investments measured at NAV:
Common/collective trusts					60
Other					2
Total other Sempra investment assets					185

Total Sempra investment assets in the fair value hierarchy	$	1,385	$	350
Total Sempra investment assets					$	2,390


FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PENSION PLANS
(Dollars in millions)
	Fair value at December 31, 2021
	Level 1		Level 2		Total
SDG&E:
Cash and cash equivalents	$	3	$	—	$	3
Equity securities:
Domestic	154		1		155
International	70		—		70
Registered investment companies:
Domestic	37		4		41
International	6		—		6
Fixed income securities:
Domestic government and government agencies	251		4		255
International government bonds	—		2		2
Domestic corporate bonds	—		75		75
International corporate bonds	—		12		12
Total investment assets in the fair value hierarchy	521		98		619
Accounts receivable/payable, net					(4)
Investments measured at NAV:
Common/collective trusts					233
Other					11
Total SDG&E investment assets					859
SoCalGas:
Cash and cash equivalents	14		—		14
Equity securities:
Domestic	656		4		660
International	299		1		300
Registered investment companies:
Domestic	158		17		175
International	26		—		26
Fixed income securities:
Domestic government and government agencies	136		19		155
International government bonds	—		8		8
Domestic corporate bonds	—		321		321
International corporate bonds	—		50		50
Total investment assets in the fair value hierarchy	1,289		420		1,709
Accounts receivable/payable, net					(15)
Investments measured at NAV:
Common/collective trusts					356
Other					45
Total SoCalGas investment assets					$	2,095

SoCalGas’ PBOP plans and SDG&E’s PBOP plan trusts are as follows:


FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PBOP PLANS
(Dollars in millions)
	Fair value at December 31, 2022
	Level 1		Level 2		Total
SDG&E:
Equity securities:
Domestic	$	10	$	—	$	10
International	5		—		5
Registered investment companies:
Domestic	65		—		65
International	7		—		7
Fixed income securities:
Domestic government and government agencies	9		2		11
Domestic corporate bonds	—		6		6
International corporate bonds	—		1		1
Total investment assets in the fair value hierarchy	96		9		105
Investments measured at NAV – Common/collective trusts					42
Total SDG&E investment assets					147
SoCalGas:
Cash and cash equivalents	1		—		1
Equity securities:
Domestic	46		—		46
International	24		—		24
Registered investment companies:
Domestic	80		72		152
International	3		—		3
Fixed income securities:
Domestic government and government agencies	151		14		165
International government bonds	1		8		9
Domestic corporate bonds	—		269		269
International corporate bonds	—		37		37
Total investment assets in the fair value hierarchy	306		400		706
Accounts receivable/payable, net					(4)
Investments measured at NAV:
Common/collective trusts					218
Other					3
Total SoCalGas investment assets					923
Other Sempra:
Equity securities:
Domestic	6		—		6
International	3		—		3
Registered investment companies – Domestic	2		—		2
Fixed income securities:
Domestic government and government agencies	2		—		2
Domestic corporate bonds	—		4		4
Total investment assets in the fair value hierarchy	13		4		17
Investments measured at NAV:
Common/collective trusts					7
Other					2
Total other Sempra investment assets					26

Total Sempra investment assets in the fair value hierarchy	$	415	$	413
Total Sempra investment assets					$	1,096


FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PBOP PLANS
(Dollars in millions)
	Fair value at December 31, 2021
	Level 1		Level 2		Total
SDG&E:
Equity securities:
Domestic	$	16	$	—	$	16
International	7		—		7
Registered investment companies:
Domestic	82		1		83
International	9		—		9
Fixed income securities:
Domestic government and government agencies	24		1		25
Domestic corporate bonds	—		8		8
International corporate bonds	—		1		1
Total investment assets in the fair value hierarchy	138		11		149
Accounts receivable/payable, net					(1)
Investments measured at NAV – Common/collective trusts					49
Total SDG&E investment assets					197

SoCalGas:
Cash and cash equivalents	2		—		2
Equity securities:
Domestic	83		1		84
International	37		—		37
Registered investment companies:
Domestic	74		73		147
International	3		—		3
Fixed income securities:
Domestic government and government agencies	241		17		258
International government bonds	1		11		12
Domestic corporate bonds	—		337		337
International corporate bonds	—		49		49
Total investment assets in the fair value hierarchy	441		488		929
Accounts receivable/payable, net					(1)
Investments measured at NAV:
Common/collective trusts					244
Other					6
Total SoCalGas investment assets					1,178

Other Sempra:
Equity securities:
Domestic	9		—		9
International	6		—		6
Registered investment companies – Domestic	2		—		2
Fixed income securities:
Domestic government and government agencies	2		1		3
Domestic corporate bonds	—		4		4
International corporate bonds	—		1		1
Total investment assets in the fair value hierarchy	19		6		25
Investments measured at NAV:
Common/collective trusts					7
Other					1
Total other Sempra investment assets					33

Total Sempra investment assets in the fair value hierarchy	$	598	$	505
Total Sempra investment assets					$	1,408

Schedule Of Defined Benefit Plans, Estimated Future Employer Contributions In Next Fiscal Year

We expect to contribute the following amounts to our pension and PBOP plans in 2023:


EXPECTED CONTRIBUTIONS
(Dollars in millions)
	Sempra		SDG&E		SoCalGas
Pension plans	$	233	$	53	$	153
PBOP plans	5		1		1

Schedule of Expected Benefit Payments

The following table shows the total benefits we expect to pay for the next 10 years to current employees and retirees from the plans or from company assets.


EXPECTED BENEFIT PAYMENTS
(Dollars in millions)
	Sempra				SDG&E				SoCalGas
	Pension		PBOP		Pension		PBOP		Pension		PBOP
2023	$	223	$	46	$	58	$	10	$	130	$	33
2024	220		45		58		10		129		33
2025	216		45		59		10		131		32
2026	220		47		57		10		132		32
2027	220		44		56		10		129		32
2028-2032	1,062		220		285		47		654		161

Schedule Of Defined Benefit Plans Contributions

Employer contributions to the savings plans were as follows:


EMPLOYER CONTRIBUTIONS TO SAVINGS PLANS
(Dollars in millions)
	Years ended December 31,
	2022		2021		2020
Sempra	$	64	$	52	$	47
SDG&E	19		18		16
SoCalGas	30		28		25

Schedule of Defined Benefit Plans Disclosures


FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PENSION PLANS (CONTINUED)
(Dollars in millions)
	Fair value at December 31, 2021
	Level 1		Level 2		Total
Other Sempra:
Cash and cash equivalents	$	1	$	—	$	1
Equity securities:
Domestic	34		—		34
International	15		—		15
Registered investment companies:
Domestic	9		—		9
International	1		—		1
Fixed income securities:
Domestic government and government agencies	76		1		77
International government bonds	—		1		1
Domestic corporate bonds	—		17		17
International corporate bonds	—		3		3
Other	1		—		1
Total investment assets in the fair value hierarchy	137		22		159
Accounts receivable/payable, net					(1)
Investments measured at NAV:
Common/collective trusts					68
Other					2
Total other Sempra investment assets					228

Total Sempra investment assets in the fair value hierarchy	$	1,947	$	540
Total Sempra investment assets					$	3,182