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SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2017
Share-based Compensation [Abstract]  
Schedule Of Share-based Compensation Expense
Total share-based compensation expense for all of Sempra Energy’s share-based awards was comprised as follows:
SHARE-BASED COMPENSATION EXPENSE
(Dollars in millions)
 
Years ended December 31,
 
2017
 
2016
 
2015
Sempra Energy Consolidated:
 
 
 
 
 
Share-based compensation expense, before income taxes
$
78

 
$
46

 
$
48

Income tax benefit
(31
)
 
(18
)
 
(19
)
 
$
47

 
$
28

 
$
29

 
 
 
 
 
 
Capitalized share-based compensation cost
$
9

 
$
7

 
$
6

Excess income tax benefit
$
—

 
$
(34
)
 
$
—

SDG&E:
 
 
 
 
 
Share-based compensation expense, before income taxes
$
13

 
$
7

 
$
8

Income tax benefit
(5
)
 
(3
)
 
(3
)
 
$
8

 
$
4

 
$
5

 
 
 
 
 
 
Capitalized share-based compensation cost
$
5

 
$
4

 
$
4

Excess income tax benefit
$
—

 
$
(7
)
 
$
—

SoCalGas:
 

 
 

 
 

Share-based compensation expense, before income taxes
$
17

 
$
8

 
$
10

Income tax benefit
(7
)
 
(3
)
 
(4
)
 
$
10

 
$
5

 
$
6

 
 
 
 
 
 
Capitalized share-based compensation cost
$
4

 
$
3

 
$
2

Excess income tax benefit
$
—

 
$
(4
)
 
$
—
Schedule Of Non-qualified Stock Options
The following table shows a summary of non-qualified stock options at December 31, 2017 and activity for the year then ended:
NON-QUALIFIED STOCK OPTIONS
 
 
 
 
 
 
 
 
 
Common shares under option
 
Weighted- average exercise price
 
Weighted- average remaining contractual term (in years)
 
Aggregate intrinsic value (in millions)
Outstanding at January 1, 2017
360,255

 
$
52.46

 
 
 
 
Exercised
(164,454
)
 
$
55.04

 
 
 
 
Outstanding at December 31, 2017
195,801

 
$
50.30

 
1.5
 
$
11

 
 
 
 
 
 
 
 
Vested at December 31, 2017
195,801

 
$
50.30

 
1.5
 
$
11

Exercisable at December 31, 2017
195,801

 
$
50.30

 
1.5
 
$
11
Schedule Of Restricted Stock Awards And Units Valuation Assumptions
Below are key assumptions for awards granted in 2017, 2016 and 2015 for Sempra Energy:
KEY ASSUMPTIONS FOR AWARDS GRANTED
 
 
Years ended December 31,
 
2017
 
2016
 
2015
Risk-free rate of return
1.5
%
 
1.3
%
 
1.1
%
Stock price volatility
17

 
16

 
14
Schedule Of Restricted Stock Units
We provide below a summary of Sempra Energy’s RSUs as of December 31, 2017 and the activity during the year.
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
Nonvested at January 1, 2017
1,954,322

 
$
88.58

 
305,736

 
$
94.68

Granted
424,760

 
$
110.54

 
93,619

 
$
101.88

Vested
(637,577
)
 
$
57.42

 
(108,880
)
 
$
79.61

Forfeited
(39,888
)
 
$
103.17

 
(4,580
)
 
$
97.84

Nonvested at December 31, 2017(1)
1,701,617

 
$
105.84

 
285,895

 
$
98.81

Expected to vest at December 31, 2017
1,670,885

 
$
105.38

 
282,106

 
$
98.65

(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, except for those issued in connection with the creation of Cameron LNG JV, up to an additional 50 percent (100 percent for awards granted during or after 2014) of the shares represented by the RSUs may be issued if Sempra Energy exceeds target performance conditions.