Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 58

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 58
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.(2)    Normal purchase contracts previously measured at fair value are excluded.

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Table of Contents

The following table includes the effects of derivative instruments designated as hedges on the Condensed Consolidated Statements of Operations and in OCI and AOCI.HEDGE IMPACTS(Dollars in millions)Pretax (loss) gainrecognized in OCIPretax (loss) gain reclassified from AOCI into earningsThree months ended June 30, Three months ended June 30, 20252024Location20252024Sempra:     Cash flow hedges:Interest rate instruments$(3)$66 Interest expense$— $3 Interest rate instruments(13)(3)Equity earnings(1)(1)10 Foreign exchange instruments(5)11 Revenues: Energy-related businesses1 2 Other income, net(1)1 Foreign exchange instruments(5)10 Equity earnings(1)1 2 Fair value hedges:Foreign exchange instruments(16)(7)Equity earnings(1)— — Total$(42)$77  $— $18 SoCalGas:Cash flow hedges:Interest rate instruments$— $— Interest expense$— $(1) Six months ended June 30, Six months ended June 30, 20252024Location20252024Sempra:     Cash flow hedges:Interest rate instruments$(6)$208 Interest expense$2 $6 Interest rate instruments(33)25 Equity earnings(1)4 15 Foreign exchange instruments(10)12 Revenues: Energy-related businesses(1)5 Other income, net(1)1 Foreign exchange instruments(9)10 Equity earnings(1)(1)4 Fair value hedges:Foreign exchange instruments(25)(7)Equity earnings(1)— — Total$(83)$248  $3 $31 SoCalGas:Cash flow hedges:Interest rate instruments$— $— Interest expense$— $(1)(1)    Equity earnings at Oncor Holdings and our foreign equity method investees are recognized after tax.For Sempra, we expect that net gains before NCI of $4 million, which are net of income tax expense, that are currently recorded in AOCI (with net gains of $3 million attributable to NCI) related to cash flow hedges will be reclassified into earnings