Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 498

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 498
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 GAAP governing rate-regulated operations.Our leases do not contain any material residual value guarantees, restrictions or covenants.

2024 Form 10-K  |  F-129

Classification of ROU assets and lease liabilities and the weighted-average remaining lease term and discount rate associated with operating and finance leases are summarized in the table below.LESSEE INFORMATION ON THE CONSOLIDATED BALANCE SHEETS(Dollars in millions)SempraSDG&ESoCalGasDecember 31,202420232024202320242023ROU assets:Operating leases:ROU assets$1,177$723$795$368$18$29Finance leases:PP&E1,6261,5851,4261,412200173Accumulated depreciation(311)(246)(221)(179)(90)(66)PP&E, net1,3151,3391,2051,233110107Total ROU assets$2,492$2,062$2,000$1,601$128$136Lease liabilities:Operating leases:Other current liabilities(1)$91$70$68$50$8$10Deferred credits and other(2)1,0195997343259181,1106698023751728Finance leases:Current portion of long-term debt and finance leases656442412323Long-term debt and finance leases1,2501,2761,1631,19287841,3151,3401,2051,233110107Total lease liabilities$2,425$2,009$2,007$1,608$127$135Weighted-average remaining lease term (in years):Operating leases1313121023Finance leases1415151666Weighted-average discount rate:Operating leases(3)6.10 %6.64 %5.06 %4.52 %4.70 %4.54 %Finance leases13.71 %13.80 %14.11 %14.18 %5.35 %4.94 %(1)    Includes $43 and $18 related to PPAs at December 31, 2024 and 2023, respectively, at both Sempra and SDG&E. (2)    Includes $627 and $208 related to PPAs at December 31, 2024 and 2023, respectively, at both Sempra and SDG&E. (3)    Weighted-average discount rate related to PP