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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 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)
 December 31,
CommodityUnit of measure20222021
Sempra:
Natural gasMMBtu254 184 
ElectricityMWh
Congestion revenue rightsMWh42 45 
SDG&E:
Natural gasMMBtu15 
ElectricityMWh— 
Congestion revenue rightsMWh42 45 
SoCalGas:
Natural gasMMBtu224 201 
Notional Amounts Of Interest Rate Derivatives Table
The following table presents the net notional amounts of our interest rate derivatives, excluding those in our equity method investments and the contingent interest rate swap.
INTEREST RATE DERIVATIVES
(Dollars in millions)
December 31, 2022December 31, 2021
 Notional debtMaturitiesNotional debtMaturities
Sempra:    
Cash flow hedges$294 2023-2034$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)
 December 31, 2022December 31, 2021
Notional amountMaturitiesNotional amountMaturities
Sempra:    
Cross-currency swaps$306 2023$306 2022-2023
Other foreign currency derivatives111 2023-2024106 2022-2023
Derivative Instruments on the Consolidated Balance Sheet Table
DERIVATIVE INSTRUMENTS ON THE CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
 December 31, 2022
 
Current assets: Fixed-price contracts and other derivatives(1)
Other long-term assets
Other current
liabilities
Deferred credits and other
Sempra:    
Derivatives designated as hedging instruments:    
Interest rate instruments$10 $33 $— $— 
Foreign exchange instruments— — (7)(1)
Interest rate and foreign exchange instruments— — (105)— 
Derivatives not designated as hedging instruments:    
Commodity contracts not subject to rate recovery480 133 (399)(132)
Associated offsetting commodity contracts(301)(39)301 39 
Commodity contracts subject to rate recovery138 27 (97)(2)
Associated offsetting commodity contracts(27)(2)27 
Interest rate instrument33 — — — 
Net amounts presented on the balance sheet333 152 (280)(94)
Additional cash collateral for commodity contracts
not subject to rate recovery
451 — — — 
Additional cash collateral for commodity contracts
subject to rate recovery
18 — — — 
Total(2)
$802 $152 $(280)$(94)
SDG&E:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$107 $27 $(13)$(2)
Associated offsetting commodity contracts(12)(2)12 
Net amounts presented on the balance sheet95 25 (1)— 
Additional cash collateral for commodity contracts
subject to rate recovery
17 — — — 
Total(2)
$112 $25 $(1)$— 
SoCalGas:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$31 $— $(84)$— 
Associated offsetting commodity contracts(15)— 15 — 
Net amounts presented on the balance sheet16 — (69)— 
Additional cash collateral for commodity contracts
subject to rate recovery
— — — 
Total$17 $— $(69)$— 
(1)    Included in Current Assets: Other for SoCalGas.
(2)    Normal purchase contracts previously measured at fair value are excluded.
DERIVATIVE INSTRUMENTS ON THE CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
 December 31, 2021
 
Current assets: Fixed-price contracts and other derivatives(1)
Other long-term assetsOther current
liabilities
Deferred credits and other
Sempra:    
Derivatives designated as hedging instruments:    
Interest rate instruments$— $$(6)$(2)
Foreign exchange instruments(1)— 
Interest rate and foreign exchange instruments— — (1)(130)
Derivatives not designated as hedging instruments:    
Commodity contracts not subject to rate recovery136 11 (122)(10)
Associated offsetting commodity contracts(93)(8)93 
Commodity contracts subject to rate recovery38 52 (58)— 
Associated offsetting commodity contracts(8)— — 
Net amounts presented on the balance sheet74 62 (87)(134)
Additional cash collateral for commodity contracts
not subject to rate recovery
58 — — — 
Additional cash collateral for commodity contracts
subject to rate recovery
46 — — — 
Total(2)
$178 $62 $(87)$(134)
SDG&E:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$34 $52 $(20)$— 
Associated offsetting commodity contracts(5)— — 
Net amounts presented on the balance sheet29 52 (15)— 
Additional cash collateral for commodity contracts
subject to rate recovery
28 — — — 
Total(2)
$57 $52 $(15)$— 
SoCalGas:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$$— $(38)$— 
Associated offsetting commodity contracts(3)— — 
Net amounts presented on the balance sheet— (35)— 
Additional cash collateral for commodity contracts
subject to rate recovery
18 — — — 
Total$19 $— $(35)$— 
(1)    Included in Current Assets: Other for SoCalGas.
(2)    Normal purchase contracts previously measured at fair value are excluded.
Cash Flow Hedge Impact on the Consolidated Statements Of Operations Table
The following table includes the effects of derivative instruments designated as cash flow hedges on the Consolidated Statements of Operations and in OCI and AOCI.
CASH FLOW HEDGE IMPACTS
(Dollars in millions)
 Pretax gain (loss)
recognized in OCI
 Pretax (loss) gain reclassified
from AOCI into earnings
 Years ended December 31, Years ended December 31,
 202220212020Location202220212020
Sempra:       
Interest rate instruments$40 $29 $(34)Interest Expense$(1)$(11)$(10)
Interest rate instruments205 71 (185)
Equity Earnings(1)
(29)(73)(46)
Foreign exchange instruments(8)11 (4)
Revenues: Energy-
Related Businesses
(1)
Other Income (Expense), Net(1)— — 
Foreign exchange instruments(5)(3)
Equity Earnings(1)
— — — 
Interest rate and foreign
exchange instruments
25 (4)(6)Interest Expense(1)(1)
Other Income (Expense), Net12 (6)(11)
Total$257 $115 $(232) $(16)$(92)$(67)
SoCalGas:       
Interest rate instruments$— $— $— Interest Expense$(1)$— $— 
(1)    Equity earnings at our foreign equity method investees are recognized after tax.
Undesignated Derivative Impact on the Consolidated Statements of Operations
The following table summarizes the effects of derivative instruments not designated as hedging instruments on the Consolidated Statements of Operations.
UNDESIGNATED DERIVATIVE IMPACTS
(Dollars in millions)
  Pretax (loss) gain on derivatives recognized in earnings
  Years ended December 31,
Location202220212020
Sempra:    
Commodity contracts not subject
to rate recovery
Revenues: Energy-Related
Businesses
$(1,116)$(203)$17 
Commodity contracts subject
to rate recovery
Cost of Natural Gas(56)(25)(7)
Commodity contracts subject
to rate recovery
Cost of Electric Fuel
and Purchased Power
202 31 88 
Interest rate instrumentInterest Expense33 — — 
Foreign exchange instrumentsOther Income (Expense), Net— (22)(56)
Total $(937)$(219)$42 
SDG&E:    
Commodity contracts subject
to rate recovery
Cost of Electric Fuel
and Purchased Power
$202 $31 $88 
SoCalGas:    
Commodity contracts subject
to rate recovery
Cost of Natural Gas$(56)$(25)$(7)