Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 264

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 8
Chunk 264
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 and noncurrent income taxes due from/to Sempra.

34

The following table summarizes income statement information from unconsolidated affiliates.INCOME STATEMENT IMPACT FROM UNCONSOLIDATED AFFILIATES(Dollars in millions) Three months ended September 30,Nine months ended September 30, 2025202420252024Sempra:    Revenues$9 $11 $26 $31 Interest expense4 5 13 12 SDG&E:    Revenues$6 $6 $17 $17 Cost of sales35 36 103 111 SoCalGas:Revenues$47 $43 $128 $124 Cost of sales(1)(2)(2)(3)(5)(1)     Includes net commodity costs from natural gas transactions with unconsolidated affiliates.GuaranteesSempra provides guarantees to certain unconsolidated affiliates, which we discuss in Note 13.

INVENTORIESThe components of inventories are as follows:INVENTORY BALANCES (Dollars in millions) SempraSDG&ESoCalGas September 30,2025(1)December 31,2024September 30,2025December 31,2024September 30,2025December 31,2024Natural gas$162 $163 $2 $1 $160 $148 LNG— 27 — — — — Materials and supplies403 369 261 201 142 139 Total$565 $559 $263 $202 $302 $287 (1)    Total inventories of $103 is classified as Assets Held For Sale on the Sempra Condensed Consolidated Balance Sheet, which consists of $10 of natural gas, $11 of LNG and $82 of materials and supplies.

DEDICATED ASSETS IN SUPPORT OF CERTAIN BENEFITS PLANSIn support of its Supplemental Executive Retirement, Cash Balance Restoration and Deferred Compensation Plans, Sempra maintains dedicated assets, including a Rabbi Trust and investments in life insurance contracts, which totaled $585 million at both September 30, 2025 and December 31, 2024.

WILDFIRE FUND AND CONTINUATION ACCOUNT2019 Wildfire LegislationIn July 2019, the 2019 Wildfire Legislation was signed into law to address certain issues related to catastrophic wildfires in California and their impact