Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 405

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 405
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 of investee income tax. See Note 7 for information on how equity earnings and losses before income taxes are factored into the calculations of our pretax income or loss and ETR.

2024 Form 10-K  |  F-60

We provide the carrying values of our investments and earnings on these investments by segment in the following tables. EQUITY METHOD AND OTHER INVESTMENTS(1) (Dollars in millions)Percent ownershipInvestment balance December 31, 2024202320242023Sempra Texas Utilities:Oncor Holdings(2)100 %100 %$15,400 $14,266 Sempra Texas Utilities:Sharyland Holdings(3)50 %50 %$122 $114 Sempra Infrastructure: Cameron LNG JV(4)50.2 50.2 1,149 1,008 IMG(5)40 40 723 620 TAG Norte(6)50 50 539 501 Segment totals2,533 2,243 Parent and other – Other1 1 Total$2,534 $2,244 (1)    All amounts are before NCI, where applicable.(2)    The carrying value of our equity method investment is $2,884 and $2,870 higher than the underlying equity in the net assets of the investee at December 31, 2024 and 2023, respectively, due to $2,868 of equity method goodwill and $69 in basis differences in AOCI, offset by $53 and $67 at December 31, 2024 and 2023, respectively, due to a tax sharing liability to TTI under a tax sharing agreement.(3)    The carrying value of our equity method investment is $41 higher than the underlying equity in the net assets of the investee due to equity method goodwill. (4)    The carrying value of our equity method investment is $257 and $262 higher than the underlying equity in the net assets of the investee at December 31, 2024 and 2023, respectively, primarily due to guarantees, interest capitalized on the investment prior to the JV commencing its operations, and amortization of guarantee fees and capitalized interest thereafter.(5)    The carrying value of our equity method investment is $5 higher than the underlying equity in the net assets of the investee due to guarantees.(6)    The