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EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2017
Retirement Benefits [Abstract]  
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 2017 and 2016, and a statement of the funded status at December 31, 2017 and 2016:
PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
SEMPRA ENERGY CONSOLIDATED
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2017
 
2016
 
2017
 
2016
CHANGE IN PROJECTED BENEFIT OBLIGATION
 
 
 
 
 
 
 
Net obligation at January 1
$
3,679

 
$
3,649

 
$
922

 
$
963

Service cost
117

 
107

 
21

 
20

Interest cost
151

 
160

 
39

 
42

Contributions from plan participants
—

 
—

 
20

 
20

Actuarial loss (gain)
286

 
116

 
6

 
(81
)
Benefit payments
(182
)
 
(217
)
 
(63
)
 
(61
)
Divestiture of EnergySouth
—

 
(61
)
 
—

 
(6
)
Plan amendments
1

 
—

 
—

 
—

Special termination benefits
—

 
—

 
18

 
26

Curtailments
(1
)
 
—

 
—

 
—

Settlements
(194
)
 
(75
)
 
—

 
(1
)
Net obligation at December 31
3,857

 
3,679

 
963

 
922

 
 
 
 
 
 
 
 
CHANGE IN PLAN ASSETS
 

 
 

 
 

 
 

Fair value of plan assets at January 1
2,459

 
2,484

 
1,057

 
1,003

Actual return on plan assets
421

 
207

 
185

 
94

Employer contributions
155

 
104

 
10

 
6

Contributions from plan participants
—

 
—

 
20

 
20

Benefit payments
(182
)
 
(217
)
 
(63
)
 
(61
)
Divestiture of EnergySouth
—

 
(44
)
 
—

 
(4
)
Settlements
(194
)
 
(75
)
 
—

 
(1
)
Fair value of plan assets at December 31
2,659

 
2,459

 
1,209

 
1,057

Funded status at December 31
$
(1,198
)
 
$
(1,220
)
 
$
246

 
$
135

Net recorded (liability) asset at December 31
$
(1,198
)
 
$
(1,220
)
 
$
246

 
$
135

PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
SAN DIEGO GAS & ELECTRIC COMPANY
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2017
 
2016
 
2017
 
2016
CHANGE IN PROJECTED BENEFIT OBLIGATION
 
 
 
 
 
 
 
Net obligation at January 1
$
935

 
$
965

 
$
190

 
$
165

Service cost
29

 
29

 
5

 
5

Interest cost
38

 
41

 
8

 
7

Contributions from plan participants
—

 
—

 
7

 
7

Actuarial loss (gain)
50

 
7

 
(9
)
 
6

Benefit payments
(83
)
 
(25
)
 
(16
)
 
(14
)
Special termination benefits
—

 
—

 
—

 
14

Settlements
—

 
(75
)
 
—

 
—

Transfer of liability from (to) other plans
2

 
(7
)
 
—

 
—

Net obligation at December 31
971

 
935

 
185

 
190

 
 
 
 
 
 
 
 
CHANGE IN PLAN ASSETS
 

 
 

 
 

 
 

Fair value of plan assets at January 1
714

 
752

 
169

 
161

Actual return on plan assets
120

 
59

 
30

 
13

Employer contributions
22

 
3

 
5

 
2

Contributions from plan participants
—

 
—

 
7

 
7

Benefit payments
(83
)
 
(25
)
 
(16
)
 
(14
)
Settlements
—

 
(75
)
 
—

 
—

Transfer of assets from other plans
3

 
—

 
—

 
—

Fair value of plan assets at December 31
776

 
714

 
195

 
169

Funded status at December 31
$
(195
)
 
$
(221
)
 
$
10

 
$
(21
)
Net recorded (liability) asset at December 31
$
(195
)
 
$
(221
)
 
$
10

 
$
(21
)
PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS
SOUTHERN CALIFORNIA GAS COMPANY
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2017
 
2016
 
2017
 
2016
CHANGE IN PROJECTED BENEFIT OBLIGATION
 
 
 
 
 
 
 
Net obligation at January 1
$
2,343

 
$
2,255

 
$
691

 
$
752

Service cost
76

 
67

 
14

 
14

Interest cost
98

 
101

 
29

 
32

Contributions from plan participants
—

 
—

 
13

 
13

Actuarial loss (gain)
216

 
77

 
16

 
(86
)
Benefit payments
(73
)
 
(158
)
 
(44
)
 
(45
)
Special termination benefits
—

 
—

 
18

 
11

Settlements
(175
)
 
—

 
—

 
—

Transfer of liability from other plans
1

 
1

 
—

 
—

Net obligation at December 31
2,486

 
2,343

 
737

 
691

 
 
 
 
 
 
 
 
CHANGE IN PLAN ASSETS
 

 
 

 
 

 
 

Fair value of plan assets at January 1
1,579

 
1,537

 
870

 
822

Actual return on plan assets
269

 
128

 
151

 
79

Employer contributions
93

 
72

 
3

 
1

Contributions from plan participants
—

 
—

 
13

 
13

Benefit payments
(73
)
 
(158
)
 
(44
)
 
(45
)
Settlements
(175
)
 
—

 
—

 
—

Transfer of assets from other plans
1

 
—

 
—

 
—

Fair value of plan assets at December 31
1,694

 
1,579

 
993

 
870

Funded status at December 31
$
(792
)
 
$
(764
)
 
$
256

 
$
179

Net recorded (liability) asset at December 31
$
(792
)
 
$
(764
)
 
$
256

 
$
179
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 at December 31:
PENSION AND OTHER POSTRETIREMENT BENEFIT OBLIGATIONS, NET OF PLAN ASSETS AT DECEMBER 31
(Dollars in millions)
 
Pension benefits
 
Other postretirement
benefits
 
2017
 
2016
 
2017
 
2016
Sempra Energy Consolidated:
 
 
 
 
 
 
 
Noncurrent assets
$
—

 
$
—

 
$
266

 
$
179

Current liabilities
(69
)
 
(56
)
 
(1
)
 
—

Noncurrent liabilities
(1,129
)
 
(1,164
)
 
(19
)
 
(44
)
Net recorded (liability) asset
$
(1,198
)
 
$
(1,220
)
 
$
246

 
$
135

SDG&E:
 

 
 

 
 

 
 

Noncurrent assets
$
—

 
$
—

 
$
10

 
$
—

Current liabilities
(13
)
 
(10
)
 
—

 
—

Noncurrent liabilities
(182
)
 
(211
)
 
—

 
(21
)
Net recorded (liability) asset
$
(195
)
 
$
(221
)
 
$
10

 
$
(21
)
SoCalGas:
 

 
 

 
 

 
 

Noncurrent assets
$
—

 
$
—

 
$
256

 
$
179

Current liabilities
(3
)
 
(2
)
 
—

 
—

Noncurrent liabilities
(789
)
 
(762
)
 
—

 
—

Net recorded (liability) asset
$
(792
)
 
$
(764
)
 
$
256

 
$
179
Schedule Of Defined Benefit Plans, Amounts In Accumulated Other Comprehensive Income
Amounts recorded in AOCI at December 31, 2017 and 2016, 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 benefits
 
Other postretirement
benefits
 
2017
 
2016
 
2017
 
2016
Sempra Energy Consolidated:
 
 
 
 
 
 
 
Net actuarial (loss) gain
$
(84
)
 
$
(95
)
 
$
4

 
$
3

Prior service cost
(4
)
 
(4
)
 
—

 
—

Total
$
(88
)
 
$
(99
)
 
$
4

 
$
3

SDG&E:
 

 
 

 
 

 
 

Net actuarial loss
$
(8
)
 
$
(8
)
 
 

 
 

SoCalGas:
 

 
 

 
 

 
 

Net actuarial loss
$
(6
)
 
$
(6
)
 
 

 
 

Prior service cost
(2
)
 
(3
)
 
 

 
 

Total
$
(8
)
 
$
(9
)
 
 

 
 
Schedule Of Defined Benefit Plans, Accumulated Benefit Obligation
The accumulated benefit obligation for defined benefit pension plans at December 31, 2017 and 2016 was as follows:
ACCUMULATED BENEFIT OBLIGATION
(Dollars in millions)
 
Sempra Energy Consolidated
 
SDG&E
 
SoCalGas
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Accumulated benefit obligation
$
3,551

 
$
3,465

 
$
930

 
$
904

 
$
2,241

 
$
2,167
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 at December 31:
OBLIGATIONS OF FUNDED PENSION PLANS
(Dollars in millions)
 
2017
 
2016
Sempra Energy Consolidated:
 
 
 
Projected benefit obligation
$
3,623

 
$
3,431

Accumulated benefit obligation
3,334

 
3,227

Fair value of plan assets
2,659

 
2,459

SDG&E:
 
 
 

Projected benefit obligation
$
939

 
$
902

Accumulated benefit obligation
900

 
874

Fair value of plan assets
776

 
714

SoCalGas:
 

 
 

Projected benefit obligation
$
2,462

 
$
2,320

Accumulated benefit obligation
2,220

 
2,148

Fair value of plan assets
1,694

 
1,579
Schedule of Net Benefit Costs
The following three tables provide the components of net periodic benefit cost and pretax amounts recognized in OCI for the years ended December 31:
NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OCI
SEMPRA ENERGY CONSOLIDATED
(Dollars in millions)
 
Pension benefits
 
Other postretirement benefits
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
NET PERIODIC BENEFIT COST
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
117

 
$
107

 
$
114

 
$
21

 
$
20

 
$
26

Interest cost
151

 
160

 
154

 
39

 
42

 
44

Expected return on assets
(161
)
 
(166
)
 
(173
)
 
(66
)
 
(69
)
 
(68
)
Amortization of:
 

 
 

 
 

 
 
 
 

 
 

Prior service cost (credit)
11

 
11

 
11

 
1

 
—

 
(4
)
Actuarial loss (gain)
36

 
30

 
38

 
(4
)
 
(1
)
 
—

Settlement and curtailment charges
38

 
16

 
4

 
—

 
—

 
—

Special termination benefits
—

 
—

 
—

 
18

 
26

 
—

Regulatory adjustment
(42
)
 
(57
)
 
(110
)
 
—

 
(11
)
 
12

Total net periodic benefit cost
150

 
101

 
38

 
9

 
7

 
10

 
 
 
 
 
 
 
 
 
 
 
 
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS
 

 
 

 
 

 
 

 
 

 
 

RECOGNIZED IN OCI
 

 
 

 
 

 
 

 
 

 
 

Net loss (gain)
—

 
26

 
17

 
(2
)
 
(2
)
 
(4
)
Prior service cost
1

 
—

 
4

 
—

 
—

 
—

Amortization of actuarial loss
(18
)
 
(10
)
 
(14
)
 
—

 
—

 
—

Amortization of prior service cost
(1
)
 
(1
)
 
—

 
—

 
—

 
—

Total recognized in OCI
(18
)
 
15

 
7

 
(2
)
 
(2
)
 
(4
)
   Total recognized in net periodic benefit cost and OCI
$
132

 
$
116

 
$
45

 
$
7

 
$
5

 
$
6

NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OCI
SAN DIEGO GAS & ELECTRIC COMPANY
(Dollars in millions)
 
Pension benefits
 
Other postretirement benefits
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
NET PERIODIC BENEFIT COST
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
29

 
$
29

 
$
29

 
$
5

 
$
5

 
$
7

Interest cost
38

 
41

 
39

 
8

 
7

 
8

Expected return on assets
(47
)
 
(49
)
 
(54
)
 
(11
)
 
(12
)
 
(11
)
Amortization of:
 

 
 

 
 

 
 

 
 

 
 

Prior service cost
1

 
1

 
8

 
3

 
3

 
3

Actuarial loss (gain)
9

 
10

 
2

 
—

 
(1
)
 
—

Settlement charge
—

 
16

 
—

 
—

 
—

 
—

Special termination benefits
—

 
—

 
—

 
—

 
14

 
—

Regulatory adjustment
(8
)
 
(45
)
 
(20
)
 
—

 
(14
)
 
—

Total net periodic benefit cost
22

 
3

 
4

 
5

 
2

 
7

 
 
 
 
 
 
 
 
 
 
 
 
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS
 

 
 

 
 

 
 

 
 

 
 

RECOGNIZED IN OCI
 

 
 

 
 

 
 

 
 

 
 

Net loss (gain)
2

 
1

 
(6
)
 
—

 
—

 
—

Amortization of actuarial loss
(1
)
 
(1
)
 
(1
)
 
—

 
—

 
—

Total recognized in OCI
1

 
—

 
(7
)
 
—

 
—

 
—

   Total recognized in net periodic benefit cost and OCI
$
23

 
$
3


$
(3
)
 
$
5

 
$
2

 
$
7

NET PERIODIC BENEFIT COST AND AMOUNTS RECOGNIZED IN OCI
SOUTHERN CALIFORNIA GAS COMPANY
(Dollars in millions)
 
Pension benefits
 
Other postretirement benefits
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
NET PERIODIC BENEFIT COST
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
76

 
$
67

 
$
74

 
$
14

 
$
14

 
$
17

Interest cost
98

 
101

 
98

 
29

 
32

 
34

Expected return on assets
(103
)
 
(103
)
 
(106
)
 
(53
)
 
(56
)
 
(56
)
Amortization of:
 

 
 

 
 

 
 

 
 

 
 

Prior service cost (credit)
9

 
9

 
9

 
(3
)
 
(4
)
 
(7
)
Actuarial loss (gain)
19

 
11

 
21

 
(3
)
 
—

 
—

Settlement charge
30

 
—

 
—

 
—

 
—

 
—

Special termination benefits
—

 
—

 
—

 
18

 
11

 
—

Regulatory adjustment
(34
)
 
(12
)
 
(90
)
 
—

 
3

 
12

Total net periodic benefit cost
95

 
73

 
6

 
2

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
CHANGES IN PLAN ASSETS AND BENEFIT OBLIGATIONS
 

 
 

 
 

 
 

 
 

 
 

RECOGNIZED IN OCI
 

 
 

 
 

 
 

 
 

 
 

Net loss
—

 
4

 
—

 
—

 
—

 
—

Prior service cost
—

 
2

 
2

 
—

 
—

 
—

Amortization of prior service cost
(1
)
 
—

 
—

 
—

 
—

 
—

Total recognized in OCI
(1
)
 
6

 
2

 
—

 
—

 
—

   Total recognized in net periodic benefit cost and OCI
$
94

 
$
79

 
$
8

 
$
2

 
$
—

 
$
—
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
AT DECEMBER 31
 
 
 
 
Pension benefits
 
Other postretirement benefits
 
2017
 
2016
 
2017
 
2016
Sempra Energy Consolidated:
 
 
 
 
 
 
 
Discount rate
3.65
%
 
4.08
%
 
3.70
%
 
4.19
%
Rate of compensation increase
      2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

SDG&E:
 
 
 
 
 
 
 
Discount rate
3.64
%
 
4.08
%
 
3.65
%
 
4.15
%
Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

SoCalGas:
 
 
 
 
 
 
 
Discount rate
3.65
%
 
4.10
%
 
3.70
%
 
4.20
%
Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

WEIGHTED-AVERAGE ASSUMPTIONS USED TO DETERMINE NET PERIODIC BENEFIT COST
YEARS ENDED DECEMBER 31
 
 
 
 
Pension benefits
 
Other postretirement benefits
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
Sempra Energy Consolidated:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.08
%
 
4.46
%
 
4.09
%
 
4.19
%
 
4.49
%
 
4.15
%
Expected return on plan assets
7.00

 
7.00

 
7.00

 
6.47

 
6.98

 
6.98

Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

SDG&E:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.08
%
 
4.35
%
 
4.00
%
 
4.15
%
 
4.50
%
 
4.15
%
Expected return on plan assets
7.00

 
7.00

 
7.00

 
6.91

 
6.90

 
6.91

Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

SoCalGas:
 
 
 
 
 
 
 
 
 
 
 
Discount rate
4.10
%
 
4.50
%
 
4.15
%
 
4.20
%
 
4.50
%
 
4.15
%
Expected return on plan assets
7.00

 
7.00

 
7.00

 
6.37

 
7.00

 
7.00

Rate of compensation increase
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00

 
2.00-10.00
Schedule of Health Care Cost Trend Rates
Assumed health care cost trend rates have a significant effect on the amounts that we report for the health care plan costs. Following are the health care cost trend rates applicable to our postretirement benefit plans:
ASSUMED HEALTH CARE COST TREND RATES
AT DECEMBER 31
 
Other postretirement benefit plans(1)
 
Pre-65 retirees
 
Retirees aged 65 years and older
 
2017
 
2016
 
2015
 
2017
 
2016
 
2015
Health care cost trend rate assumed for next year
7.00
%
 
8.00
%
 
8.10
%
 
5.00
%
 
5.50
%
 
5.50
%
Rate to which the cost trend rate is assumed to
    decline (the ultimate trend)
5.00
%
 
5.00
%
 
5.00
%
 
4.50
%
 
4.50
%
 
4.50
%
Year the rate reaches the ultimate trend
2022

 
2022

 
2022

 
2022

 
2022

 
2022

(1) 
Excludes Mobile Gas plan. For Mobile Gas, which we deconsolidated on September 12, 2016, the health care cost trend rate assumed for next year for all retirees was 8.10 percent in 2015; the ultimate trend was 5.00 percent in 2015; and the year the rate reaches the ultimate trend was 2022 in 2015. For Chilquinta Energía, the health care cost trend rate assumed for next year, and the ultimate trend, was 3.00 percent in each of 2017, 2016 and 2015.
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates
A one-percent change in assumed health care cost trend rates would have had the following effects in 2017:
EFFECT OF ONE-PERCENT CHANGE IN ASSUMED HEALTH CARE COST TREND RATES
(Dollars in millions)
 
Sempra Energy Consolidated
 
SDG&E
 
SoCalGas
 
1%
 
1%
 
1%
 
1%
 
1%
 
1%
 
increase
 
decrease
 
increase
 
decrease
 
increase
 
decrease
Effect on total of service and interest
 
 
 
 
 
 
 
 
 
 
 
cost components of net periodic
 
 
 
 
 
 
 
 
 
 
 
postretirement health care benefit cost
$
5

 
$
(4
)
 
$
1

 
$
—

 
$
4

 
$
(3
)
Effect on the health care component of the
 
 
 
 
 
 
 
 
 
 
 
accumulated other postretirement
 
 
 
 
 
 
 
 
 
 
 
benefit obligations
53

 
(44
)
 
3

 
(2
)
 
48

 
(40
)
Schedule Of Defined Benefit Plans, Fair Value Of Plan Assets By Level In Fair Value Hierarchy
The fair values of our pension plan assets by asset category are as follows:
FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF PENSION PLANS
(Dollars in millions)
 
Fair value at December 31, 2017
 
Level 1
 
Level 2
 
Total
Sempra Energy Consolidated:
 
 
 
 
 
Equity securities:
 
 
 
 
 
Domestic
$
946

 
$
—

 
$
946

International
538

 
—

 
538

Registered investment companies
102

 
—

 
102

Fixed income securities:
 

 
 

 
 

Domestic government bonds
242

 
27

 
269

International government bonds
—

 
12

 
12

Domestic corporate bonds
—

 
338

 
338

International corporate bonds
—

 
64

 
64

Registered investment companies
—

 
6

 
6

Other
—

 
1

 
1

Total investment assets in the fair value hierarchy
$
1,828

 
$
448

 
2,276

Investments measured at NAV:
 
 
 
 
 
Common/collective trusts
 
 
 
 
384

Private equity funds
 
 
 
 
4

Total investment assets(1)


 


 
$
2,664

SDG&E’s proportionate share of investment assets
 
 
 
 
$
777

SoCalGas’ proportionate share of investment assets
 
 
 
 
$
1,697

 
 
 
 
 
 
 
Fair value at December 31, 2016
 
Level 1
 
Level 2
 
Total
Sempra Energy Consolidated:
 
 
 
 
 
Equity securities:
 

 
 

 
 

Domestic
$
884

 
$
—

 
$
884

International
522

 
—

 
522

Registered investment companies
127

 
—

 
127

Fixed income securities:
 

 
 

 
 

Domestic government bonds
214

 
32

 
246

International government bonds
—

 
9

 
9

Domestic corporate bonds
—

 
346

 
346

International corporate bonds
—

 
94

 
94

Registered investment companies
—

 
14

 
14

Total investment assets in the fair value hierarchy
$
1,747

 
$
495

 
2,242

Investments measured at NAV:
 
 
 
 
 
Common/collective trusts
 
 
 
 
223

Private equity funds
 
 
 
 
4

Total investment assets(2)
 
 
 
 
$
2,469

SDG&E’s proportionate share of investment assets
 
 
 
 
$
717

SoCalGas’ proportionate share of investment assets
 
 
 
 
$
1,585

(1) 
Excludes cash and cash equivalents of $13 million and accounts payable of $18 million.
(2) 
Excludes cash and cash equivalents of $14 million and accounts payable of $24 million.

The fair values by asset category of the PBOP plan assets held in the pension master trust and in the additional trusts for SoCalGas’ PBOP plans and SDG&E’s PBOP plan trusts are as follows:

FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF OTHER POSTRETIREMENT BENEFIT PLANS
(Dollars in millions)
 
Fair value at December 31, 2017
 
Level 1
 
Level 2
 
Total
SDG&E:
 
 
 
 
 
Equity securities:
 
 
 
 
 
Domestic
$
46

 
$
—

 
$
46

International
26

 
—

 
26

Registered investment companies
52

 
—

 
52

Fixed income securities:
 

 
 

 
 

Domestic government bonds
12

 
1

 
13

International government bonds
—

 
1

 
1

Domestic corporate bonds
—

 
17

 
17

International corporate bonds
—

 
3

 
3

Registered investment companies
—

 
17

 
17

Total investment assets in the fair value hierarchy
136

 
39

 
175

Investments measured at NAV – Common/collective trusts
 
 
 
 
20

Total investment assets(1)
 
 
 
 
195

 
 
 
 
 
 
SoCalGas:
 

 
 

 
 

Equity securities:
 

 
 

 
 

Domestic
78

 
—

 
78

International
44

 
—

 
44

Registered investment companies
41

 
—

 
41

Fixed income securities:
 

 
 

 
 

Domestic government bonds
125

 
13

 
138

International government bonds
—

 
7

 
7

Domestic corporate bonds
—

 
164

 
164

International corporate bonds
—

 
28

 
28

Registered investment companies
—

 
85

 
85

Total investment assets in the fair value hierarchy
288

 
297

 
585

Investments measured at NAV – Common/collective trusts
 
 
 
 
406

Total investment assets(2)
 
 
 
 
991

 
 
 
 
 
 
Other Sempra Energy:
 

 
 

 
 

Equity securities:
 

 
 

 
 

Domestic
7

 
—

 
7

International
5

 
—

 
5

Registered investment companies
1

 
—

 
1

Fixed income securities:
 

 
 

 
 

Domestic government bonds
1

 
1

 
2

Domestic corporate bonds
—

 
2

 
2

International corporate bonds
—

 
1

 
1

Total investment assets in the fair value hierarchy
14

 
4

 
18

Investments measured at NAV – Common/collective trusts
 
 
 
 
2

Private equity funds
 
 
 
 
1

Total other Sempra Energy investment assets
 
 
 
 
21

 
 
 
 
 
 
Total Sempra Energy Consolidated investment assets in the fair value hierarchy
$
438

 
$
340

 
 
Total Sempra Energy Consolidated investment assets(3)


 


 
$
1,207

(1) 
Excludes cash and cash equivalents of $1 million and accounts payable of $1 million held in SDG&E PBOP plan trusts.
(2) 
Excludes cash and cash equivalents of $4 million and accounts payable of $2 million held in SoCalGas PBOP plan trusts.
(3) 
Excludes cash and cash equivalents of $5 million and accounts payable of $3 million at Sempra Energy Consolidated.

FAIR VALUE MEASUREMENTS – INVESTMENT ASSETS OF OTHER POSTRETIREMENT BENEFIT PLANS
(Dollars in millions)
 
Fair value at December 31, 2016
 
Level 1
 
Level 2
 
Total
SDG&E:
 
 
 
 
 
Equity securities:
 
 
 
 
 
Domestic
$
41

 
$
—

 
$
41

International
24

 
—

 
24

Registered investment companies
46

 
—

 
46

Fixed income securities:
 

 
 

 
 

Domestic government bonds
10

 
1

 
11

Domestic corporate bonds
—

 
16

 
16

International corporate bonds
—

 
3

 
3

Registered investment companies
—

 
17

 
17

Total investment assets in the fair value hierarchy
121

 
37

 
158

Investments measured at NAV – Common/collective trusts
 
 
 
 
11

Total investment assets(1)
 
 
 
 
169

 
 
 
 
 
 
SoCalGas:
 

 
 

 
 

Equity securities:
 

 
 

 
 

Domestic
130

 
—

 
130

International
77

 
—

 
77

Registered investment companies
46

 
—

 
46

Fixed income securities:
 

 
 

 
 

Domestic government bonds
52

 
8

 
60

International government bonds
—

 
2

 
2

Domestic corporate bonds
—

 
94

 
94

International corporate bonds
—

 
28

 
28

Registered investment companies
—

 
47

 
47

Total investment assets in the fair value hierarchy
305

 
179

 
484

Investments measured at NAV – Common/collective trusts
 
 
 
 
386

Total investment assets(2)
 
 
 
 
870

 
 
 
 
 
 
Other Sempra Energy:
 

 
 

 
 

Equity securities:
 

 
 

 
 

Domestic
6

 
—

 
6

International
3

 
—

 
3

Fixed income securities:
 

 
 

 
 

Domestic government bonds
1

 
—

 
1

International government bonds
—

 
1

 
1

Domestic corporate bonds
—

 
2

 
2

International corporate bonds
—

 
1

 
1

Registered investment companies
—

 
1

 
1

Total investment assets in the fair value hierarchy
10

 
5

 
15

Investments measured at NAV – Common/collective trusts
 
 
 
 
3

Total other Sempra Energy investment assets
 
 
 
 
18

 
 
 
 
 
 
Total Sempra Energy Consolidated investment assets in the fair value hierarchy
$
436

 
$
221

 
 
Total Sempra Energy Consolidated investment assets(3)


 


 
$
1,057

(1) 
Excludes cash and cash equivalents of $1 million and accounts payable of $1 million held in SDG&E PBOP plan trusts.
(2) 
Excludes cash and cash equivalents of $4 million and accounts payable of $4 million held in SoCalGas PBOP plan trusts.
(3) 
Excludes cash and cash equivalents of $5 million and accounts payable of $5 million at Sempra Energy Consolidated.
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 2018:
EXPECTED CONTRIBUTIONS
 
 
 
 
 
(Dollars in millions)
 
 
 
 
 
 
 Sempra Energy Consolidated
 
SDG&E
 
SoCalGas
Pension plans
$
226

 
$
48

 
$
113

Other postretirement benefit plans
9

 
3

 
2
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 Energy Consolidated
 
SDG&E
 
SoCalGas
 
Pension benefits
 
Other postretirement benefits
 
Pension benefits
 
Other postretirement benefits
 
Pension benefits
 
Other postretirement benefits
2018
$
351

 
$
52

 
$
90

 
$
10

 
$
192

 
$
38

2019
304

 
52

 
76

 
10

 
188

 
39

2020
294

 
54

 
74

 
10

 
179

 
40

2021
285

 
53

 
71

 
11

 
173

 
40

2022
273

 
53

 
68

 
11

 
172

 
40

2023-2027
1,217

 
262

 
314

 
52

 
782

 
197
Schedule Of Defined Benefit Plans Contributions
EMPLOYER CONTRIBUTIONS TO SAVINGS PLANS
(Dollars in millions)
 
2017
 
2016
 
2015
Sempra Energy Consolidated
$
41

 
$
42

 
$
43

SDG&E
14

 
15

 
17

SoCalGas
22

 
22

 
21