SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Schedule Of Share-based Compensation Expense

Total share-based compensation expense for all of Sempra’s share-based awards was comprised as follows:

SHARE-BASED COMPENSATION EXPENSE
(Dollars in millions)
	Years ended December 31,
	2022		2021		2020
Sempra:
Share-based compensation expense, before income taxes(1)	$	61	$	58	$	62
Income tax benefit(1)	(17)		(16)		(17)
	$	44	$	42	$	45
Capitalized share-based compensation cost	$	11	$	9	$	11
Excess income tax (benefit) deficiency	$	(3)	$	(9)	$	(19)
SDG&E:
Share-based compensation expense, before income taxes	$	11	$	10	$	11
Income tax benefit	(3)		(3)		(3)
	$	8	$	7	$	8
Capitalized share-based compensation cost	$	6	$	5	$	7
Excess income tax (benefit) deficiency	$	—	$	(1)	$	(3)
SoCalGas:
Share-based compensation expense, before income taxes	$	17	$	14	$	14
Income tax benefit	(5)		(4)		(4)
	$	12	$	10	$	10
Capitalized share-based compensation cost	$	5	$	4	$	4
Excess income tax (benefit) deficiency	$	—	$	(1)	$	(3)

(1)    Includes activity of awards issued from the IEnova 2013 LTIP, which settled in cash upon vesting based on the price of IEnova’s common stock.

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

To calculate this fair value, we used the Black-Scholes model with the following weighted-average assumptions:

KEY ASSUMPTIONS FOR STOCK OPTIONS GRANTED
	Years ended December 31,
	2022		2021		2020
Sempra:
Stock price volatility	26.08	%	26.57	%	18.78	%
Expected term	5.36 years		5.36 years		5.34 years
Risk-free rate of return	1.40	%	0.41	%	1.68	%
Annual dividend yield	3.33	%	3.38	%	2.60	%

Schedule Of Non-qualified Stock Options

The following table shows a summary of nonqualified stock options at December 31, 2022 and activity for the year then ended:

NONQUALIFIED STOCK OPTIONS
	Common shares under options	Weighted- average exercise price		Weighted- average remaining contractual term (in years)	Aggregate intrinsic value (in millions)
Sempra:
Outstanding at January 1, 2022	537,344	$	123.45
Granted	219,898	$	131.99
Exercised	(40,630)	$	106.76
Outstanding at December 31, 2022	716,612	$	127.02	7.72	$	20
Vested or expected to vest at December 31, 2022	716,612	$	127.02	7.72	$	20
Exercisable at December 31, 2022	307,563	$	122.09	6.75	$	10

Schedule Of Restricted Stock Awards And Units Valuation Assumptions

Below are key assumptions for RSUs granted in the last three years:

KEY ASSUMPTIONS FOR RSUs GRANTED
	Years ended December 31,
	2022		2021		2020
Sempra:
Stock price volatility	32.82	%	33.39	%	16.35	%
Risk-free rate of return	1.05	%	0.16	%	1.55	%

Schedule Of Restricted Stock Units

The following table shows a summary of RSUs at December 31, 2022 and activity for the year then ended:

RESTRICTED STOCK UNITS
	Performance-based restricted stock units			Service-based restricted stock units
	Units	Weighted- average grant-date fair value		Units	Weighted- average grant-date fair value
Sempra:
Nonvested at January 1, 2022	870,777	$	131.64	277,300	$	127.54
Granted	341,139	$	146.94	153,243	$	132.64
Vested	(317,956)	$	113.66	(139,020)	$	126.41
Forfeited	(54,165)	$	134.65	(15,886)	$	139.01
Nonvested at December 31, 2022(1)	839,795	$	144.39	275,637	$	130.86
Expected to vest at December 31, 2022	823,418	$	144.46	267,778	$	130.90

(1)    Each RSU represents the right to receive one share of our common stock if applicable performance conditions are satisfied. For all performance-based RSUs, up to an additional 100% of the shares represented by the RSUs may be issued if Sempra exceeds target performance conditions.