Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 428

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 428
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 fixed assets, investments and other assets(1)$7,164 $6,875 U.S. state and non-U.S. withholding tax on repatriation of foreign earnings79 55 Regulatory balancing accounts850 727 Right-of-use assets – operating leases325 211 Property taxes74 68 Postretirement benefits150 47 Other deferred income tax liabilities94 68 Total deferred income tax liabilities8,736 8,051 Deferred income tax assets:Tax credits1,485 1,468 Net operating losses1,105 982 Compensation-related items225 157 Operating lease liabilities301 179 Other deferred income tax assets219 96 Bad debt allowance151 144 Accrued expenses not yet deductible80 89 Deferred income tax assets before valuation allowances3,566 3,115 Less: valuation allowances503 189 Total deferred income tax assets3,063 2,926 Net deferred income tax liability(2)$5,673 $5,125 (1)    In addition to the financial over tax basis differences in fixed assets, the amount also includes financial over tax basis differences in various interests in partnerships and certain subsidiaries.(2)    At December 31, 2024 and 2023, includes $172 and $129, respectively, recorded as a noncurrent asset and $5,845 and $5,254, respectively, recorded as a noncurrent liability on the Consolidated Balance Sheets.DEFERRED INCOME TAXES(Dollars in millions) SDG&ESoCalGas December 31, 2024202320242023Deferred income tax liabilities:Differences in financial and tax bases of utility plant and other assets$2,805 $2,641 $2,594 $2,272 Regulatory balancing accounts545 418 306 309 Right-of-use assets – operating leases222 103 5 8 Property taxes47 43 27 25 Postretirement benefits— — 124 71 Other deferred income tax liabilities— — 2 4 Total deferred income tax liabilities3,619 3,205 3,058 2,689 Deferred income tax assets:Tax credits8 7 2 7 Compensation-related items8 9 26 31 Operating lease liabilities222 103 5 8 Bad debt allowance29 37 72 86 Accru