COMMITMENTS, CONTINGENCIES AND GUARANTEES (Tables)

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of Leases Statement of Financial Position

Classification of ROU assets and lease liabilities and the weighted-average remaining lease term and discount rate associated with operating and finance leases are summarized in the table below.

LESSEE INFORMATION ON THE CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
	Sempra						SDG&E						SoCalGas
	December 31,
	2025			2024			2025			2024			2025			2024
ROU assets(1):
Operating leases:
ROU assets	$	1,262		$	1,177		$	1,047		$	795		$	68		$	18
Finance leases:
PP&E	1,673			1,626			1,440			1,426			233			200
Accumulated depreciation	(380)			(311)			(264)			(221)			(116)			(90)
PP&E, net	1,293			1,315			1,176			1,205			117			110
Total ROU assets	$	2,555		$	2,492		$	2,223		$	2,000		$	185		$	128
Lease liabilities(1):
Operating leases:
Other current liabilities(2)	$	90		$	91		$	85		$	68		$	—		$	8
Deferred credits and other(3)	1,176			1,019			969			734			67			9
	1,266			1,110			1,054			802			67			17
Finance leases:
Current portion of long-term debt and finance leases	73			65			48			42			25			23
Long-term debt and finance leases	1,220			1,250			1,128			1,163			92			87
	1,293			1,315			1,176			1,205			117			110
Total lease liabilities	$	2,559		$	2,425		$	2,230		$	2,007		$	184		$	127
Weighted-average remaining lease term (in years):
Operating leases(4)	12			13			12			12			15			2
Finance leases	13			14			14			15			6			6
Weighted-average discount rate:
Operating leases(4)(5)	5.18		%	6.10		%	5.25		%	5.06		%	5.19		%	4.70		%
Finance leases	13.65		%	13.71		%	14.08		%	14.11		%	5.67		%	5.35		%

(1)     At December 31, 2025, excludes $206 of ROU assets under operating leases included in Assets Held for Sale and $143 of lease liabilities under operating leases included in Liabilities Held for Sale on the Sempra Consolidated Balance Sheet.

(2)    Includes $58 and $43 related to PPAs at December 31, 2025 and 2024, respectively, at both Sempra and SDG&E.

(3)    Includes $854 and $627 related to PPAs at December 31, 2025 and 2024, respectively, at both Sempra and SDG&E.

(4)    At December 31, 2025, excludes operating leases within the disposal group that is classified as held for sale.

(5)    Weighted-average discount rate related to PPAs at December 31, 2025 and 2024 is 5.23% and 5.04%, respectively, at both Sempra and SDG&E. Weighted-average discount rate related to all other operating leases at December 31, 2025 and 2024 is 5.05% and 7.41%, respectively, at Sempra and 5.37% and 5.23%, respectively, at SDG&E.

Lease, Cost

The components of lease costs were as follows:

LESSEE INFORMATION ON THE CONSOLIDATED STATEMENTS OF OPERATIONS(1)
(Dollars in millions)
	Sempra						SDG&E						SoCalGas
	Years ended December 31,
	2025		2024		2023		2025		2024		2023		2025		2024		2023
Operating lease costs(2)	$	164	$	118	$	99	$	113	$	71	$	53	$	8	$	12	$	13
Finance lease costs:
Amortization of ROU assets(3)	69		65		60		43		42		40		26		23		20
Interest on lease liabilities	176		178		182		169		173		177		7		6		5
Total finance lease costs	245		243		242		212		215		217		33		29		25
Short-term lease costs(4)	8		9		9		8		8		8		—		—		—
Variable lease costs(4)	450		472		458		430		460		447		9		10		10
Total lease costs	$	867	$	842	$	808	$	763	$	754	$	725	$	50	$	51	$	48

(1)    Includes costs capitalized in PP&E.

(2)    Includes $88, $37, and $21 related to PPAs in 2025, 2024 and 2023, respectively, at both Sempra and SDG&E.

(3)    Included in O&M, except for $30 in each of 2025 and 2024 and $29 in 2023 at Sempra, and $29 in each of 2025 and 2024 and $28 in 2023 at SDG&E, and $1 at SoCalGas in each of 2025, 2024 and 2023, which is included in Depreciation and Amortization Expense.

(4)    Short-term leases with variable lease costs are recorded and presented as variable lease costs.

Schedule of Cash Flow, Supplemental Disclosures

The following table presents the amount of income taxes paid (net of refunds received) disaggregated by jurisdiction for the years ended December 31:

INCOME TAXES PAID (NET OF REFUNDS RECEIVED)
(Dollars in millions)
	2025		2024		2023
Sempra:
U.S. federal	$	62	$	100	$	3
U.S. state:
California	55		—		—
Texas	28		26		24
Other	2		2		2
Foreign:
Mexico	226		161		168
Other	3		—		—
Income tax payments, net	$	376	$	289	$	197
SDG&E(1):
U.S. federal	$	9	$	(199)	$	40
U.S. state – California	14		(26)		36
Income tax payments (refunds), net	$	23	$	(225)	$	76
SoCalGas(1):
U.S. federal	$	20	$	(11)	$	6
U.S. state – California	49		2		—
Income tax payments (refunds), net	$	69	$	(9)	$	6

(1)    SDG&E and SoCalGas are included in the consolidated income tax return of Sempra, and their respective income tax payments are computed as an amount equal to that which would result from each company having filed a separate return.

Cash paid for amounts included in the measurement of lease liabilities and supplemental noncash information were as follows:

LESSEE INFORMATION ON THE CONSOLIDATED STATEMENTS OF CASH FLOWS
(Dollars in millions)
	Sempra						SDG&E						SoCalGas
	Years ended December 31,
	2025		2024		2023		2025		2024		2023		2025		2024		2023
Operating activities:
Cash paid for operating leases	$	159	$	112	$	85	$	114	$	70	$	46	$	8	$	12	$	13
Cash paid for finance leases	161		163		167		154		158		162		7		6		5
Financing activities:
Cash paid for finance leases	69		66		60		43		42		40		26		24		20
Increase in operating lease obligations for ROU assets	386		520		143		319		474		134		60		—		—
Increase in finance lease obligations capitalized to PP&E	47		41		57		14		14		17		33		27		40

Lessee, Operating Lease, Liability, Maturity

The table below presents the maturity analysis of our lease liabilities and reconciliation to the present value of lease liabilities at December 31, 2025:

LESSEE MATURITY ANALYSIS OF LIABILITIES
(Dollars in millions)
	Sempra				SDG&E				SoCalGas
	Operating leases(1)(2)		Finance leases		Operating leases(1)		Finance leases(3)		Operating leases		Finance leases
2026	$	147	$	229	$	128	$	198	$	6	$	31
2027	143		227		130		197		—		30
2028	143		220		125		195		5		25
2029	147		212		122		192		12		20
2030	147		202		121		187		12		15
Thereafter	1,078		1,561		780		1,546		161		15
Total undiscounted lease payments	1,805		2,651		1,406		2,515		196		136
Less: imputed interest	(539)		(1,358)		(352)		(1,339)		(129)		(19)
Total lease liabilities	1,266		1,293		1,054		1,176		67		117
Less: current lease liabilities	(90)		(73)		(85)		(48)		—		(25)
Long-term lease liabilities	$	1,176	$	1,220	$	969	$	1,128	$	67	$	92

(1)    Includes $104 in each of 2026 through 2029, $105 in 2030, and $724 thereafter related to PPAs.

(2)     Excludes $26 in each of 2026 and 2027, $25 in 2028, $24 in 2029, $20 in 2030, and $261 thereafter within the disposal group that is classified as held for sale.

(3)     Substantially all amounts are related to PPAs.

Finance Lease, Liability, Maturity

The table below presents the maturity analysis of our lease liabilities and reconciliation to the present value of lease liabilities at December 31, 2025:

LESSEE MATURITY ANALYSIS OF LIABILITIES
(Dollars in millions)
	Sempra				SDG&E				SoCalGas
	Operating leases(1)(2)		Finance leases		Operating leases(1)		Finance leases(3)		Operating leases		Finance leases
2026	$	147	$	229	$	128	$	198	$	6	$	31
2027	143		227		130		197		—		30
2028	143		220		125		195		5		25
2029	147		212		122		192		12		20
2030	147		202		121		187		12		15
Thereafter	1,078		1,561		780		1,546		161		15
Total undiscounted lease payments	1,805		2,651		1,406		2,515		196		136
Less: imputed interest	(539)		(1,358)		(352)		(1,339)		(129)		(19)
Total lease liabilities	1,266		1,293		1,054		1,176		67		117
Less: current lease liabilities	(90)		(73)		(85)		(48)		—		(25)
Long-term lease liabilities	$	1,176	$	1,220	$	969	$	1,128	$	67	$	92

(1)    Includes $104 in each of 2026 through 2029, $105 in 2030, and $724 thereafter related to PPAs.

(2)     Excludes $26 in each of 2026 and 2027, $25 in 2028, $24 in 2029, $20 in 2030, and $261 thereafter within the disposal group that is classified as held for sale.

(3)     Substantially all amounts are related to PPAs.

Lessor, Operating Lease, Payments to be Received, Maturity

We provide information below for leases for which we are the lessor.

LESSOR INFORMATION(1)
(Dollars in millions)
	December 31,
	2024
Sempra – Assets subject to operating leases:
Property, plant and equipment:
Pipelines and storage	$	1,313
Refined products terminals	623
Other	77
Total	2,013
Accumulated depreciation	(605)
Property, plant and equipment, net	$	1,408

(1)     At December 31, 2025, excludes total net property, plant and equipment subject to operating leases of $1,336, which is included in Assets Held for Sale on the Sempra Consolidated Balance Sheet and is comprised of $1,320 in pipelines and storage, $628 in refined products terminals, $76 in other, and $688 in accumulated depreciation.

Sales-type and Direct Financing Leases, Lease Receivable, Maturity

We provide information below for leases for which we are the lessor.

LESSOR INFORMATION(1)
(Dollars in millions)
	December 31,
	2024
Sempra – Assets subject to operating leases:
Property, plant and equipment:
Pipelines and storage	$	1,313
Refined products terminals	623
Other	77
Total	2,013
Accumulated depreciation	(605)
Property, plant and equipment, net	$	1,408

(1)     At December 31, 2025, excludes total net property, plant and equipment subject to operating leases of $1,336, which is included in Assets Held for Sale on the Sempra Consolidated Balance Sheet and is comprised of $1,320 in pipelines and storage, $628 in refined products terminals, $76 in other, and $688 in accumulated depreciation.

Operating Lease, Lease Income

LESSOR INFORMATION ON THE CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions)
	Years ended December 31,
	2025		2024		2023
Sempra – Sales-type leases:
Interest income	$	3	$	5	$	6
Total revenues from sales-type leases(1)	$	3	$	5	$	6
Sempra – Operating leases:
Fixed lease payments	$	362	$	340	$	321
Variable lease payments	24		38		34
Total revenues from operating leases(1)	$	386	$	378	$	355
Depreciation expense	$	53	$	73	$	62

(1)     Included in Revenues: Energy-Related Businesses on the Sempra Consolidated Statements of Operations.

Sales-type Lease, Lease Income

LESSOR INFORMATION ON THE CONSOLIDATED STATEMENTS OF OPERATIONS
(Dollars in millions)
	Years ended December 31,
	2025		2024		2023
Sempra – Sales-type leases:
Interest income	$	3	$	5	$	6
Total revenues from sales-type leases(1)	$	3	$	5	$	6
Sempra – Operating leases:
Fixed lease payments	$	362	$	340	$	321
Variable lease payments	24		38		34
Total revenues from operating leases(1)	$	386	$	378	$	355
Depreciation expense	$	53	$	73	$	62

(1)     Included in Revenues: Energy-Related Businesses on the Sempra Consolidated Statements of Operations.

Schedule Of Estimated Future Payments Under Natural Gas Contracts

At December 31, 2025, the future minimum payments under existing fixed price transportation contracts at SoCalGas are as follows:

FUTURE MINIMUM PAYMENTS
(Dollars in millions)
2026	$	94
2027	78
2028	72
2029	60
2030	57
Thereafter	66
Total minimum payments	$	427

At December 31, 2025, SI Partners’ future minimum payments under existing fixed price natural gas storage and transportation contracts of $99 million in 2026, $100 million in 2027, $86 million in 2028, $221 million in 2029, $263 million in 2030, and $4,454 million thereafter are within the disposal group that is classified as held for sale.

Schedule Of Payments Under Natural Gas Contracts

Total payments under natural gas contracts and natural gas storage and transportation contracts as well as payments to meet additional portfolio needs at Sempra and SoCalGas were as follows:

PAYMENTS UNDER NATURAL GAS CONTRACTS
(Dollars in millions)
	Years ended December 31,
	2025		2024		2023
Sempra	$	1,284	$	1,185	$	4,030
SoCalGas	1,192		1,088		3,857

Schedule Of Estimated Future Payments Under Purchased Power Contracts

At December 31, 2025, the future minimum payments under long-term PPAs for Sempra and SDG&E are as follows:

FUTURE MINIMUM PAYMENTS(1)
(Dollars in millions)
2026	$	113
2027	117
2028	122
2029	123
2030	123
Thereafter	744
Total minimum payments	$	1,342

(1)    Excludes PPAs accounted for as operating leases and finance leases.

Schedule Of Environmental Remediation Costs Capitalized In Period

The following table shows our capital expenditures (including construction work in progress) in order to comply with environmental laws and regulations:

CAPITAL EXPENDITURES FOR ENVIRONMENTAL ISSUES
(Dollars in millions)
	Years ended December 31,
	2025		2024		2023
Sempra	$	63	$	65	$	107
SDG&E	24		23		29
SoCalGas	39		42		78

Schedule Of Environmental Remediation Costs, Status Of Remediation Sites

The table below shows the status at December 31, 2025 of SDG&E’s and SoCalGas’ manufactured-gas sites and the third-party waste-disposal sites for which we have been identified as a PRP:

STATUS OF ENVIRONMENTAL SITES
	# Sites complete(1)	# Sites in process
SDG&E:
Manufactured-gas sites	3	—
Third-party waste-disposal sites	2	1
SoCalGas:
Manufactured-gas sites	39	3
Third-party waste-disposal sites	5	2

(1)    There may be ongoing compliance obligations for completed sites, such as regular inspections, adherence to land use covenants and water quality monitoring.

Schedule of Environmental Loss Contingencies by Site

The following table shows our accrued liabilities for environmental matters at December 31, 2025. Of the total liability, $18 million at SoCalGas is recorded on a discounted basis, with a weighted-average discount rate of 2.24%.

ACCRUED LIABILITIES FOR ENVIRONMENTAL MATTERS
(Dollars in millions)
	Sempra(1)		SDG&E(1)		SoCalGas
Manufactured-gas sites	$	39	$	—	$	39
Waste disposal sites (PRP)(2)	8		5		3
Other hazardous waste sites	12		11		1
Total(3)	$	59	$	16	$	43

(1)    Excludes SDG&E’s liability for SONGS marine environment mitigation.

(2)     Sites for which we have been identified as a PRP.

(3)    Includes $3, $1, $2 classified as current liabilities and $56, $15 and $41 classified as noncurrent liabilities on Sempra’s, SDG&E’s and SoCalGas’ Consolidated Balance Sheets, respectively.