ACQUISTION AND DIVESTITURE ACTIVITY (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Schedule of Business Acquisitions Table

The following table summarizes the total fair value of the 2016 business combinations at Sempra Mexico, described below, and the final purchase price allocations of the assets acquired and liabilities assumed at the dates of acquisition:

PURCHASE PRICE ALLOCATIONS
(Dollars in millions)
	IEnova Pipelines			Ventika
	At September 26, 2016(1)			At December 14, 2016(2)
Fair value of business combination:
Cash consideration (fair value of total consideration)	$	1,144		$	310
Fair value of equity interest in IEnova Pipelines immediately prior to acquisition	1,144			—
Total fair value of business combination	$	2,288		$	310
Recognized amounts of identifiable assets acquired and liabilities assumed:
Cash and cash equivalents	$	66		$	—
Restricted cash	—			68
Accounts receivable	39			14
Other current assets	6			1
Other intangible assets	—			154
Deferred income taxes	—			36
Regulatory assets	33			—
Property, plant and equipment	1,248			673
Other noncurrent assets	1			3
Short-term debt	—			(125		)
Accounts payable	(11		)	(1		)
Due to unconsolidated affiliates	(3		)	—
Current portion of long-term debt	(49		)	(7		)
Fixed-price contracts and other derivatives, current	(6		)	(4		)
Other current liabilities	(20		)	(8		)
Long-term debt	(315		)	(478		)
Asset retirement obligations	(5		)	(2		)
Deferred income taxes	(127		)	(120		)
Fixed-price contracts and other derivatives, noncurrent	(19		)	(10		)
Other noncurrent liabilities	(11		)	—
Total identifiable net assets	827			194
Goodwill	1,461			116
Total fair value of business combination	$	2,288		$	310

⁽¹⁾  During the fourth quarter of 2016, we received additional information regarding IEnova Pipelines’ deferred income taxes as of the acquisition date, primarily related to basis differences in IEnova Pipelines’ PP&E. As a result, we recorded measurement period adjustments that resulted in a net increase to goodwill of $86 million, an increase in deferred income tax liabilities of $119 million and $33 million of regulatory assets related to deferred income taxes on AFUDC.

⁽²⁾  During the fourth quarter of 2017, we received additional information regarding Ventika’s deferred income taxes as of the acquisition date, primarily related to net operating loss carryforwards. As a result, we recorded a measurement period adjustment that resulted in a decrease to goodwill and an increase in deferred income tax assets of$13 million.

Schedule of Proforma Information Table

The following table presents unaudited pro forma information for the years ended December 31, 2016 and 2015, combining the historical results of operations of Sempra Energy, IEnova Pipelines and Ventika as though the acquisitions occurred on January 1, 2015. The pro forma information is not necessarily indicative of results that would have been achieved had the businesses been combined during the periods presented or the results that we will experience going forward.

UNAUDITED PRO FORMA INFORMATION – SEMPRA ENERGY CONSOLIDATED
(Dollars in millions)
	Years ended December 31,
	2016		2015
Revenues	$	10,463	$	10,473
Net income	1,145		1,938
Earnings	1,058		1,641

Schedule Of Assets Held for Sale and Deconsolidation of Subsidiaries Table

At December 31, 2017, the carrying amounts of the major classes of assets and related liabilities held for sale associated with TdM are as follows:

ASSETS HELD FOR SALE AT DECEMBER 31, 2017
(Dollars in millions)
	TdM
Inventories	$	10
Other current assets	59
Property, plant and equipment, net	56
Other noncurrent assets	2
Total assets held for sale	$	127
Accounts payable	$	5
Other current liabilities	38
Asset retirement obligations	5
Other noncurrent liabilities	1
Total liabilities held for sale	$	49