Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 34

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 34
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(5)Revenues: Energy-related businesses2 (2)Other income, netForeign exchange instruments4 (5)Equity earnings(1)Total, before income tax(7)(41)2 9 Income tax (expense) benefitTotal, net of income tax(5)(32)3 11 Earnings attributable to noncontrolling interestsTotal, net of income tax and after NCI$(2)$(21)Pension and PBOP(2):  Amortization of actuarial loss$5 $5 Other income, netAmortization of prior service cost1 2 Other income, netSettlement charges16 9 Other income, netTotal, before income tax22 16 (3)(5)Income tax (expense) benefitTotal, net of income tax$19 $11 Total reclassifications for the period, net of income tax and after NCI$17 $(10)SoCalGas:   Financial instruments:Interest rate instruments$1 $1 Interest expensePension and PBOP(2):   Amortization of actuarial loss$1 $— Other (expense) income, netAmortization of prior service cost1 1 Other (expense) income, netSettlement charges10 — Other (expense) income, netTotal, before income tax12 1 (2)— Income tax benefit (expense)Total, net of income tax$10 $1 Total reclassifications for the period, net of income tax$11 $2 (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).In the three months and nine months ended September 30, 2025 and 2024, reclassifications out of AOCI to net income were negligible for SDG&E.

42

PENSION AND PBOPSpecial Termination Benefits In the second quarter of 2025, certain eligible employees retired under a VREP and received an additional postretirement health benefit in the form of a $100,000 Health Reimbursement Account. Employees eligible to participate in the VREP consisted of SDG&E represented and non-represented employees and SoCalGas non-represented employees aged 62 years or older with five years of