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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Mar. 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)
CommodityUnit of measureMarch 31, 2022December 31, 2021
Sempra:
Natural gasMMBtu162 184 
ElectricityMWh1 1 
Congestion revenue rightsMWh43 45 
SDG&E:
Natural gasMMBtu5 7 
ElectricityMWh1 1 
Congestion revenue rightsMWh43 45 
SoCalGas:
Natural gasMMBtu143 201 
Notional Amounts of Derivatives Table .
INTEREST RATE DERIVATIVES
(Dollars in millions)
 March 31, 2022December 31, 2021
 Notional debtMaturitiesNotional debtMaturities
Sempra:    
Cash flow hedges$451 2022-2034$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)
 March 31, 2022December 31, 2021
 Notional amountMaturitiesNotional amountMaturities
Sempra:    
Cross-currency swaps$306 2022-2023$306 2022-2023
Other foreign currency derivatives87 2022-2023106 2022-2023
Derivative Instruments on the Condensed Consolidated Balance Sheets Table
DERIVATIVE INSTRUMENTS ON THE CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in millions)
 March 31, 2022
 Other current assetsOther long-term assetsOther current liabilitiesDeferred credits and other
Sempra:    
Derivatives designated as hedging instruments:    
Interest rate instruments$— $21 $(1)$— 
Foreign exchange instruments— — (2)— 
Interest rate and foreign exchange instruments— — (121)— 
Derivatives not designated as hedging instruments:    
Commodity contracts not subject to rate recovery174 38 (186)(42)
Associated offsetting commodity contracts(169)(36)169 36 
Commodity contracts subject to rate recovery39 45 (19)— 
Associated offsetting commodity contracts(8)— 8 — 
Net amounts presented on the balance sheet36 68 (152)(6)
Additional cash collateral for commodity contracts
not subject to rate recovery
41 — — — 
Additional cash collateral for commodity contracts
subject to rate recovery
37 — — — 
Total(1)
$114 $68 $(152)$(6)
SDG&E:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$39 $45 $(11)$— 
Associated offsetting commodity contracts(8)— 8 — 
Net amounts presented on the balance sheet31 45 (3)— 
Additional cash collateral for commodity contracts
subject to rate recovery
35 — — — 
Total(1)
$66 $45 $(3)$— 
SoCalGas:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$— $— $(8)$— 
Net amounts presented on the balance sheet— — (8)— 
Additional cash collateral for commodity contracts
subject to rate recovery
2 — — — 
Total$2 $— $(8)$— 
(1)    Normal purchase contracts previously measured at fair value are excluded.
DERIVATIVE INSTRUMENTS ON THE CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED)
(Dollars in millions)
 December 31, 2021
Other current assetsOther long-term assetsOther current liabilitiesDeferred credits and other
Sempra:    
Derivatives designated as hedging instruments:    
Interest rate instruments$— $6 $(6)$(2)
Foreign exchange instruments1 1 (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 8 
Commodity contracts subject to rate recovery38 52 (58)— 
Associated offsetting commodity contracts(8)— 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(1)
$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)— 5 — 
Net amounts presented on the balance sheet29 52 (15)— 
Additional cash collateral for commodity contracts
subject to rate recovery
28 — — — 
Total(1)
$57 $52 $(15)$— 
SoCalGas:    
Derivatives not designated as hedging instruments:    
Commodity contracts subject to rate recovery$4 $— $(38)$— 
Associated offsetting commodity contracts(3)— 3 — 
Net amounts presented on the balance sheet1 — (35)— 
Additional cash collateral for commodity contracts
subject to rate recovery
18 — — — 
Total$19 $— $(35)$— 
(1)    Normal purchase contracts previously measured at fair value are excluded.
Cash Flow Hedge Impact on the Condensed Consolidated Statements of Comprehensive Income Table
The following table includes the effects of derivative instruments designated as cash flow hedges on the Condensed Consolidated Statements of Operations and in OCI and AOCI.
CASH FLOW HEDGE IMPACTS
(Dollars in millions)
Pretax gain (loss)
recognized in OCI		Pretax gain (loss) reclassified
from AOCI into earnings
Three months ended March 31, Three months ended March 31,
 20222021Location20222021
Sempra:     
Interest rate instruments$22 $26 Interest Expense$1 $(2)
Interest rate instruments94 83 
Equity Earnings(1)
(14)(19)
Foreign exchange instruments(3)3 
Revenues: Energy-
Related Businesses
1 (1)
Foreign exchange instruments(2)3 
Equity Earnings(1)
1 (1)
Interest rate and foreign
exchange instruments
9 (6)Other Income, Net6 (6)
Total$120 $109  $(5)$(29)
(1)    Equity earnings at our foreign equity method investees are recognized after tax.
Fair Value Hedge Impact on the Condensed Consolidated Statements of Operations Table
The following table summarizes the effects of derivative instruments not designated as hedging instruments on the Condensed Consolidated Statements of Operations.
UNDESIGNATED DERIVATIVE IMPACTS
(Dollars in millions)
  Pretax (loss) gain on derivatives recognized in earnings
  Three months ended March 31,
 Location20222021
Sempra:   
Commodity contracts not subject
to rate recovery
Revenues: Energy-Related
Businesses
$(77)$(48)
Commodity contracts subject
to rate recovery
Cost of Natural Gas— 2 
Commodity contracts subject
to rate recovery
Cost of Electric Fuel
and Purchased Power
18 2 
Foreign exchange instrumentsOther Income, Net— (24)
Total $(59)$(68)
SDG&E:   
Commodity contracts subject
to rate recovery
Cost of Electric Fuel
and Purchased Power
$18 $2 
SoCalGas:   
Commodity contracts subject
to rate recovery
Cost of Natural Gas$— $2