Company: SREA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001032208-25-000048
Chunk: 67

Company: SEMPRA
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 67
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 Supplemental Executive Retirement, Cash Balance Restoration and Deferred Compensation Plans are carried at cash surrender values, which represent the amount of cash that could be realized under the contracts. The following table provides the carrying amounts and fair values of certain other financial instruments that are not recorded at fair value on the Condensed Consolidated Balance Sheets.FAIR VALUE OF FINANCIAL INSTRUMENTS(Dollars in millions) CarryingamountFair value Level 1Level 2Level 3TotalJune 30, 2025Sempra:     Long-term note receivable(1)$359 $— $— $347 $347 Long-term amounts due to unconsolidated affiliates359 — 341 — 341 Total long-term debt(2)35,409 — 32,665 — 32,665 SDG&E:     Total long-term debt(3)$9,800 $— $8,652 $— $8,652 SoCalGas:     Total long-term debt(4)$8,109 $— $7,691 $— $7,691  December 31, 2024Sempra:     Long-term note receivable(1)$351 $— $— $334 $334 Long-term amounts due to unconsolidated affiliates352 — 324 — 324 Total long-term debt(2)32,899 — 30,193 — 30,193 SDG&E:     Total long-term debt(3)$8,950 $— $7,760 $— $7,760 SoCalGas:     Total long-term debt(4)$7,359 $— $6,880 $— $6,880 (1)    Before allowances for credit losses of $4 and $5 at June 30, 2025 and December 31, 2024, respectively. Excludes unamortized transaction costs of $3 at both June 30, 2025 and December 31, 2024.(2)    After the effects of interest rate swaps. Before reductions of unamortized discount and debt issuance costs of $413 and $382 at June 30, 2025 and December 31, 2024, respectively, and excluding finance lease obligations of $1,312 and $1,315