Company: SREA
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001032208-25-000065
Chunk: 74

Company: SEMPRA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 74
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 subject to rate recovery— 24 — 55 79 Total assets held for sale— 238 — 55 293 Total assets$361 $827 $45 $80 $1,313 Liabilities:    Commodity contracts subject to rate recovery$34 $106 $— $(62)$78 Liabilities held for sale:Foreign exchange instruments— 5 — — 5 Commodity contracts not subject to rate recovery— 63 — (5)58 Total liabilities held for sale— 68 — (5)63 Total liabilities$34 $174 $— $(67)$141 (1)    Includes the effect of the contractual ability to settle contracts under master netting agreements and with cash collateral, as well as cash collateral not offset.(2)    Excludes receivables (payables), net.

72

RECURRING FAIR VALUE MEASURES(Dollars in millions)Level 1Level 2Level 3Netting(1)TotalFair value at December 31, 2024Sempra:Assets:Nuclear decommissioning trusts:Short-term investments, primarily cash equivalents$8 $2 $— $10 Equity securities295 3 — 298 Debt securities:Debt securities issued by the U.S. Treasury and otherU.S. government corporations and agencies41 26 — 67 Municipal bonds— 287 — 287 Other securities— 228 — 228 Total debt securities41 541 — 582 Total nuclear decommissioning trusts(2)344 546 — 890 Short-term investments held in Rabbi Trust64 — — 64 Support Agreement, net of related guarantee fees— — 25 25 Interest rate instruments— 293 — $— 293 Foreign exchange instruments— 5 — — 5 Commodity contracts not subject to rate recovery— 39 — 2 41 Commodity contracts subject to rate recovery6 1 4 18 29 Total$414 $884 $29 $20 $1,347 Liabilities:Commodity contracts not subject to rate recovery$1 $63 $— $(38)$26 Commodity contracts subject to rate recovery20 45 — (21)44 Total$