Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 306

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 306
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66

FINANCIAL STATEMENT PRESENTATIONThe Condensed Consolidated Balance Sheets reflect the offsetting of net derivative positions and cash collateral with the same counterparty when a legal right of offset exists. The following tables provide the fair values of derivative instruments on the Condensed Consolidated Balance Sheets, including the amount of cash collateral receivables that were not offset because the cash collateral was in excess of liability positions. We discuss the fair value of derivative assets and liabilities in Note 9.DERIVATIVE INSTRUMENTS ON THE CONDENSED CONSOLIDATED BALANCE SHEETS(Dollars in millions) September 30, 2025Current assetsCurrent liabilities Fixed-price contracts and other derivatives(1)Assets held for saleOther long-term assetsOther currentliabilitiesLiabilities held for saleDeferred credits and otherSempra:    Derivatives designated as hedging instruments:    Interest rate instruments$25 $— Foreign exchange instruments— (5) Derivatives not designated as hedging instruments:    Interest rate instruments189 — Commodity contracts not subject to rate recovery24 (63)Associated offsetting commodity contracts(5)5 Commodity contracts subject to rate recovery$6 $11 $(127)$(13)Associated offsetting commodity contracts(3)(4)3 4 Associated offsetting cash collateral— — 52 3 Net amounts presented on the balance sheet3 233 7 (72)(63)(6)Additional cash collateral for commodity contractsnot subject to rate recovery— 60 — — — — Additional cash collateral for commodity contractssubject to rate recovery32 — — — Total$35 $293 $7 $(72)$(63)$(6)SDG&E:    Derivatives not designated as hedging instruments:    Commodity contracts subject to rate recovery$2 $7 $(9)$(5)Associated offsetting commodity contracts— (2)— 2 Associated offsetting cash collateral— — 9 3 Net amounts presented on the balance sheet2 5 — — Additional cash collateral for commodity contractssubject to rate recovery24 — — — Total$26 $5 $— $— SoCalGas:    Derivatives not designated as hedging instruments:    Commodity contracts subject to rate recovery$4 $