Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 467

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 467
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 that we hold in support of our Supplemental Executive Retirement, Cash Balance Restoration and Deferred Compensation Plans are carried at cash surrender values, which represent the amount of cash that could be realized under the contracts. The following table provides the carrying amounts and fair values of certain other financial instruments that are not recorded at fair value on the Consolidated Balance Sheets.FAIR VALUE OF FINANCIAL INSTRUMENTS(Dollars in millions)CarryingFair valueamountLevel 1Level 2Level 3TotalDecember 31, 2024Sempra:Long-term note receivable(1)$351 $— $— $334 $334 Long-term amounts due to unconsolidated affiliates352 — 324 — 324 Total long-term debt(2)32,899 — 30,193 — 30,193 SDG&E:Total long-term debt(3)$8,950 $— $7,760 $— $7,760 SoCalGas:Total long-term debt(4)$7,359 $— $6,880 $— $6,880  December 31, 2023Sempra:     Long-term note receivable(1)$334 $— $— $318 $318 Long-term amounts due to unconsolidated affiliates312 — 283 — 283 Total long-term debt(2)27,716 — 25,617 — 25,617 SDG&E:     Total long-term debt(3)$8,750 $— $7,856 $— $7,856 SoCalGas:     Total long-term debt(4)$6,759 $— $6,442 $— $6,442 (1)    Before allowances for credit losses of $5 and $6 at December 31, 2024 and 2023, respectively. Excludes unamortized transaction costs of $3 and $4 at December 31, 2024 and 2023, respectively.(2)    After the effects of interest rate swaps. Before reductions of unamortized discount and debt issuance costs of $382 and $322 at December 31, 2024 and 2023, respectively, and excluding finance lease obligations of $1,315 and $1,340 at December 31, 2024 and 202