Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 435

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 435
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 14 Employer contributions37 52 — 1 Contributions from plan participants— — 8 8 Benefit payments(16)(17)(18)(20)Settlements(23)(31)— — Fair value of plan assets at December 31787 726 145 150 Funded status at December 31$(35)$(81)$11 $10 Net recorded (liability) asset at December 31$(35)$(81)$11 $10 (1)    The accumulated benefit obligation was $781 and $769 at December 31, 2024 and 2023, respectively.PROJECTED BENEFIT OBLIGATION, FAIR VALUE OF ASSETS AND FUNDED STATUS(Dollars in millions) Pension(1)PBOP(Dollars in millions)2024202320242023SoCalGas:CHANGE IN PROJECTED BENEFIT OBLIGATION    Obligation at January 1$1,977 $1,814 $521 $497 Service cost79 65 11 9 Interest cost105 101 27 28 Contributions from plan participants— — 14 14 Actuarial (gain) loss(70)90 (4)21 Plan amendments2 — — — Benefit payments(56)(58)(47)(48)Settlements(38)(35)— — Obligation at December 311,999 1,977 522 521 CHANGE IN PLAN ASSETS    Fair value of plan assets at January 11,744 1,535 990 923 Actual return on plan assets115 151 50 100 Employer contributions172 151 1 1 Contributions from plan participants— — 14 14 Benefit payments(56)(58)(47)(48)Settlements(38)(35)— — Fair value of plan assets at December 311,937 1,744 1,008 990 Funded status at December 31$(62)$(233)$486 $469 Net recorded (liability) asset at December 31$(62)$(233)$486 $469 (1)    The accumulated benefit obligation was $1,824 and $1,799 at December 31, 2024 and 2023, respectively.Actuarial (gains) losses fluct