Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 427

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 427
---
$2,009 (1)    See the Income Tax Expense (Benefit) and Effective Income Tax Rates table above for the calculation of pretax income.

2024 Form 10-K  |  F-76

The components of income tax expense are as follows.INCOME TAX EXPENSE (BENEFIT)(Dollars in millions) Years ended December 31, 202420232022Sempra:Current:U.S. federal$73 $102 $— U.S. state(4)3 (1)Non-U.S.179 208 165 Total248 313 164 Deferred:U.S. federal366 (56)248 U.S. state28 18 50 Non-U.S.(422)225 94 Total(1)(28)187 392 Deferred investment tax credits(1)(10)— Total income tax expense$219 $490 $556 SDG&E:Current:U.S. federal$(16)$(156)$76 U.S. state— (5)13 Total(16)(161)89 Deferred:U.S. federal129 111 54 U.S. state41 35 38 Total170 146 92 Deferred investment tax credits(1)(11)1 Total income tax expense (benefit)$153 $(26)$182 SoCalGas:Current:U.S. federal$3 $(6)$(5)U.S. state— (11)(3)Total3 (17)(8)Deferred:U.S. federal45 22 125 U.S. state(16)(11)22 Total29 11 147 Deferred investment tax credits(1)1 (1)Total income tax expense (benefit)$31 $(5)$138 (1)    In 2024 and 2023, Deferred Income Taxes and Investment Tax Credits on the Sempra Consolidated Statements of Cash Flows also includes $9 and $72, respectively, of income taxes included in equity earnings, which are recorded net of income tax under a tax sharing agreement with Oncor.

2024 Form 10-K  |  F-77

The tables below present the components of deferred income taxes:DEFERRED INCOME TAXES(Dollars in millions) December 31, 20242023Sempra:Deferred income tax liabilities:Differences in financial and tax bases of