Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 434

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 434
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 $2,806 $693 $663 Service cost132 109 15 13 Interest cost166 157 36 37 Contributions from plan participants— — 23 23 Actuarial (gain) loss(100)190 (11)28 Plan amendments2 4 — — Benefit payments(81)(83)(69)(71)Settlements(87)(76)— — Obligation at December 313,139 3,107 687 693 CHANGE IN PLAN ASSETS    Fair value of plan assets at January 12,664 2,390 1,169 1,096 Actual return on plan assets196 218 57 117 Employer contributions243 215 5 4 Contributions from plan participants— — 23 23 Benefit payments(81)(83)(69)(71)Settlements(87)(76)— — Fair value of plan assets at December 312,935 2,664 1,185 1,169 Funded status at December 31$(204)$(443)$498 $476 Net recorded (liability) asset at December 31$(204)$(443)$498 $476 (1)    The accumulated benefit obligation was $2,900 and $2,865 at December 31, 2024 and 2023, respectively.

2024 Form 10-K  |  F-82

PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS(Dollars in millions) Pension(1)PBOP 2024202320242023SDG&E:CHANGE IN PROJECTED BENEFIT OBLIGATION    Obligation at January 1$807 $714 $140 $134 Service cost39 32 3 3 Interest cost43 40 7 8 Contributions from plan participants— — 8 8 Actuarial (gain) loss(28)69 (6)7 Benefit payments(16)(17)(18)(20)Settlements(23)(31)— — Obligation at December 31822 807 134 140 CHANGE IN PLAN ASSETS    Fair value of plan assets at January 1726 670 150 147 Actual return on plan assets63 52 5