Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 438

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 438
---
$6 $— $507 $485 Current liabilities(50)(44)(1)(1)Noncurrent liabilities(160)(399)(8)(8)Net recorded (liability) asset$(204)$(443)$498 $476 SDG&E:    Noncurrent assets$— $— $11 $10 Current liabilities(7)(2)— — Noncurrent liabilities(28)(79)— — Net recorded (liability) asset$(35)$(81)$11 $10 SoCalGas:    Noncurrent assets$— $— $486 $469 Current liabilities(17)(2)— — Noncurrent liabilities(45)(231)— — Net recorded (liability) asset$(62)$(233)$486 $469 Amounts recorded in AOCI, net of income tax effects and amounts recorded as regulatory assets, are as follows.AMOUNTS IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)(Dollars in millions)PensionPBOPDecember 31, 2024202320242023Sempra:    Net actuarial (loss) gain$(120)$(124)$14 $13 Prior service cost(9)(6)— — Total$(129)$(130)$14 $13 SDG&E:    Net actuarial loss$(12)$(8)  Total$(12)$(8)SoCalGas:    Net actuarial loss$(14)$(10)  Prior service cost(3)(2)  Total$(17)$(12)  

2024 Form 10-K  |  F-85

Sempra, SDG&E and SoCalGas each have a funded pension plan. The following table shows the obligations of funded pension plans with benefit obligations in excess of plan assets.OBLIGATIONS OF FUNDED PENSION PLANS(Dollars in millions)December 31, 20242023Sempra:  Projected benefit obligation$2,752 $2,925 Accumulated benefit obligation2,542 2,712 Fair value of plan assets2,724 2,664 SDG&E:Projected benefit obligation$793 $781 Accumulated benefit obligation755 746 Fair value of plan assets787 726 SoCalGas:  Projected benefit obligation$1,959 $1,