Company: SREA
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001032208-25-000027
Chunk: 193

Company: SEMPRA
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 193
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5 $2  Total reclassifications for the period, net of income tax and after NCI$4 $(4) SoCalGas:   Pension and PBOP(2):   Amortization of actuarial loss$1 $— Other income, netAmortization of prior service cost— 1 Other income, netSettlement charges4 — Other income, netTotal, before income tax5 1 (1)— Income tax expenseTotal, net of income tax$4 $1 Total reclassifications for the period, net of incometax$4 $1 (1)    Equity earnings at Oncor Holdings and our foreign equity method investees are recognized after tax.(2)    Amounts are included in the computation of net periodic benefit cost (see “Pension and PBOP” below).For the three months ended March 31, 2025 and 2024, reclassifications out of AOCI to net income were negligible for SDG&E.

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Table of Contents

PENSION AND PBOPNet Periodic Benefit CostThe following tables provide the components of net periodic benefit cost. The components of net periodic benefit cost, other than the service cost component, are included in Other Income, Net.

NET PERIODIC BENEFIT COST (Dollars in millions)PensionPBOP Three months ended March 31, 2025202420252024Sempra:Service cost$32 $32 $3 $4 Interest cost45 42 10 9 Expected return on assets(45)(45)(16)(17)Amortization of:    Prior service cost (credit)1 1 (1)(1)Actuarial loss (gain)3 3 (3)(4)Settlement charges4 — — — Net periodic benefit cost (credit)40 33 (7)(9)Regulatory adjustments(28)(25)7 9 Total expense recognized$12 $8 $— $— SDG&E:Service cost$9 $10 $1 $1 Interest cost12 11 2 2 Expected return on assets(12)(12)(2)(3)Amortization of:Actuarial loss (gain)2 2 (1)— Net periodic benefit cost 11 11 — —