Three months ended 

 Six months ended 

June 30,

June 30,

(Unaudited; Dollars, except EPS, and shares, in millions)

2016

2015

2016

2015

GAAP Earnings

$ 16

$ 295

$ 335

$ 732

Loss Related to Rockies Express Pipeline Sale

-

-

27

-

Permanent Releases of Pipeline Capacity

123

-

123

-

Tax Repairs Adjustments Related to General Rate Case

80

-

80

-

Retroactive Q1-16 Benefit from General Rate Case

(21)

-

-

-

Deferred Tax Associated with TdM Power Plant Held for Sale

2

-

26

-

Adjustment to Loss on SONGS Plant Closure

-

-

-

(13)

Gain on Sale of Mesquite Power Block 2

-

(36)

-

(36)

Adjusted Earnings⁽¹⁾

$ 200

$ 259

$ 591

$ 683

Diluted weighted-average shares outstanding

252

251

252

251

GAAP EPS

$0.06

$1.17

$1.33

$2.91

Adjusted EPS⁽¹⁾

$0.79

$1.03

$2.35

$2.72

(1)

Sempra Energy adjusted earnings and adjusted EPS are non-GAAP financial measures. See Table A in the second-quarter financial tables for information regarding non-GAAP financial measures and descriptions of adjustments above. Adjusted earnings and adjusted EPS for the three months and six months ended June 30, 2015, have been revised to include after-tax LNG development expenses of $1 million and $5 million, respectively, for consistency with the comparable periods in 2016. LNG development expenses are included in adjusted earnings in 2016.

SEMPRA ENERGY

Table A

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Three months ended

Six months ended

June 30,

June 30,

(Dollars in millions, except per share amounts)

2016

2015

2016

2015

(unaudited)

REVENUES

Utilities

$  1,994

$  2,133

$  4,436

$  4,555

Energy-related businesses

162

234

342

494

    Total revenues

2,156

2,367

4,778

5,049

EXPENSES AND OTHER INCOME

Utilities:

    Cost of natural gas

(183)

(239)

(494)

(585)

    Cost of electric fuel and purchased power

(561)

(498)

(1,076)

(979)

Energy-related businesses:

    Cost of natural gas, electric fuel and purchased power

(62)

(73)

(118)

(171)

    Other cost of sales

(226)

(42)

(261)

(77)

Operation and maintenance

(727)

(713)

(1,428)

(1,371)

Depreciation and amortization

(314)

(307)

(642)

(610)

Franchise fees and other taxes

(96)

(96)

(207)

(203)

Plant closure adjustment

         ―

         ―

         ―

21

Gain on sale of assets

         ―

62

         ―

62

Equity earnings (losses), before income tax

14

27

(8)

46

Other income, net

23

37

72

76

Interest income

6

10

12

17

Interest expense

(142)

(139)

(285)

(273)

(Loss) income before income taxes and equity earnings of certain unconsolidated subsidiaries

396

343

1,002

Income tax benefit (expense)

106

(98)

(36)

(261)

Equity earnings, net of income tax

33

22

50

37

Net income

27

320

357

778

Earnings attributable to noncontrolling interests

(10)

(24)

(21)

(45)

Preferred dividends of subsidiary

(1)

(1)

(1)

(1)

Earnings

$      16

$     295

$     335

$     732

Basic earnings per common share

$    0.06

$    1.19

$    1.34

$    2.95

Weighted-average number of shares outstanding, basic (thousands)

250,096

248,108

249,915

247,916

Diluted earnings per common share

$    0.06

$    1.17

$    1.33

$    2.91

Weighted-average number of shares outstanding, diluted (thousands)

251,938

251,491

251,686

251,264

Dividends declared per share of common stock

$    0.75

$    0.70

$    1.51

$    1.40

SEMPRA ENERGY

Table A (Continued)

Sempra Energy Consolidated

RECONCILIATION OF SEMPRA ENERGY GAAP EARNINGS TO SEMPRA ENERGY ADJUSTED EARNINGS (Unaudited)

Sempra Energy Adjusted Earnings and Adjusted Earnings Per Common Share exclude after-tax items in 2016 and 2015 as follows:

Three months ended June 30, 2016:

   •

$(123) million losses from the permanent release of pipeline capacity at Sempra Natural Gas

   •

$(80) million adjustments related to tax repairs deductions reallocated to ratepayers as a result of the 2016 General Rate Case Final Decision (2016 GRC FD) at the California Utilities

   •

$21 million incremental revenue increases for the first quarter of 2016 from the retroactive application of the 2016 GRC FD at the California Utilities

   •

$(2) million deferred income tax expense related to our decision to hold Sempra Mexico's Termoeléctrica de Mexicali (TdM) natural gas-fired power plant for sale

Three months ended June 30, 2015:

   •

$36 million gain on the sale of the remaining block of the Mesquite Power plant

Six months ended June 30, 2016:

   •

$(123) million losses from the permanent release of pipeline capacity at Sempra Natural Gas

   •

$(80) million adjustments related to tax repairs deductions reallocated to ratepayers as a result of the 2016 GRC FD at the California Utilities

   •

$(27) million impairment charge related to Sempra Natural Gas' investment in Rockies Express 

   •

$(26) million deferred income tax expense related to our decision to hold the TdM power plant for sale

Six months ended June 30, 2015:

   •

$36 million gain on the sale of the remaining block of the Mesquite Power plant

   • 

$13 million reduction in the plant closure loss related to the San Onofre Nuclear Generating Station (SONGS) due to California Public Utilities Commission (CPUC) approval of a compliance filing related to San Diego Gas & Electric Company's (SDG&E) authorized recovery of its investment in SONGS

Sempra Energy Adjusted Earnings and Adjusted Earnings Per Share are non-GAAP financial measures (GAAP represents accounting principles generally accepted in the United States of America). Because of the significance and nature of these items, management believes that these non-GAAP financial measures provide a more meaningful comparison of the performance of Sempra Energy's business operations from 2016 to 2015 and to future periods, and also as a base for projection of future earnings-per-share compound annual growth rate (EPS CAGR) from 2016 to 2020. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. The table below reconciles for historical periods these non-GAAP financial measures to Sempra Energy Earnings and Diluted Earnings Per Common Share, which we consider to be the most directly comparable financial measures calculated in accordance with GAAP.

Pretax 

amount

Income tax

After-tax

amount

Pretax 

amount

Income tax

After-tax

amount

(benefit)
expense ⁽¹⁾

(benefit)
expense ⁽¹⁾

Three months ended June 30, 2016

Three months ended June 30, 2015

$

16

$

295

Exclude:

   Permanent release of pipeline capacity

$

206

$

(83)

123

$

  ―

$

                          ―

         ―

   SDG&E tax repairs adjustments related to 2016 GRC FD

52

(21)

31

    ―

                         ―

   ―

   SoCalGas tax repairs adjustments related to 2016 GRC FD

83

(34)

49

       ―

                          ―

        ―

   SDG&E retroactive impact of 2016 GRC FD for first-quarter 2016

(15)

6

(9)

       ―

                      ―

    ―

   SoCalGas retroactive impact of 2016 GRC FD for first-quarter 2016

(20)

8

(12)

        ―

                    ―

        ―

   Deferred income tax expense associated with TdM

―

2

2

      ―

                    ―

    ―

   Gain on sale of Mesquite Power block 2

 ―

         ―

       ―

(61)

25

(36)

Sempra Energy Adjusted Earnings

$

200

$

259

(2)

Diluted earnings per common share:

   Sempra Energy GAAP Earnings

$

0.06

$

1.17

   Sempra Energy Adjusted Earnings

$

0.79

$

1.03

(2)

Weighted-average number of shares outstanding, diluted (thousands)

251,938

251,491

Six months ended June 30, 2016

Six months ended June 30, 2015

Sempra Energy GAAP Earnings

$

335

$

732

Exclude:

   Permanent release of pipeline capacity

$

206

$

(83)

123

$

         ―

$

                       ―

         ―

   SDG&E tax repairs adjustments related to 2016 GRC FD

52

(21)

31

          ―

                  ―

      ―

   SoCalGas tax repairs adjustments related to 2016 GRC FD

83

(34)

49

          ―

                 ―

―

   Impairment of investment in Rockies Express

44

(17)

27

     ―

                        ―

 ―

   Deferred income tax expense associated with TdM

           ―

26

26

―

                   ―

―

   Gain on sale of Mesquite Power block 2

        ―

                           ―

      ―

(61)

25

(36)

   SONGS plant closure adjustment

       ―

                          ―

     ―

(21)

8

(13)

Sempra Energy Adjusted Earnings

$

591

$

683

(2)

Diluted earnings per common share:

   Sempra Energy GAAP Earnings

$

1.33

$

2.91

   Sempra Energy Adjusted Earnings

$

2.35

$

2.72

(2)

Weighted-average number of shares outstanding, diluted (thousands)

251,686

251,264

(2)

Adjusted earnings and adjusted earnings per share for the three months and six months ended June 30, 2015 have been revised to include after-tax LNG development expenses of $1 million and $5 million, respectively, for consistency with the comparable periods in 2016. LNG development expenses are included in adjusted earnings in 2016.

SEMPRA ENERGY

Table A (Continued)

Sempra Energy Consolidated

SEMPRA ENERGY 2016 ADJUSTED EARNINGS-PER-SHARE GUIDANCE RANGE AND PROJECTED ADJUSTED EARNINGS-PER-SHARE 

COMPOUND ANNUAL GROWTH RATE (CAGR) FOR THE PERIOD 2016 THROUGH 2020 (Unaudited)

Sempra Energy 2016 Adjusted Earnings-Per-Share Guidance Range of $4.60 to $5.00 excludes:

   •

any potential gain, which is expected to be significant, from the remeasurement of our equity method investment in Gasoductos de Chihuahua (GdC), a 50-50 joint venture between our Mexican subsidiary, IEnova, and Petróleos Mexicanos (PEMEX), in connection with the pending acquisition by IEnova of PEMEX's 50-percent interest in GdC;

   •

any earnings impact from any transaction to sell the TdM natural gas-fired power plant in Mexico, including the $26 million deferred income tax expense recorded in the six months ended June 30, 2016;

   •

the $123 million after-tax charge ($206 million pretax) recorded in the second quarter of 2016 from Sempra Natural Gas' permanent release of pipeline capacity;

   •

$80 million after-tax charges ($135 million pretax) from adjustments recorded in the second quarter of 2016 related to tax repairs at the California Utilities as a result of the 2016 General Rate Case Final Decision (2016 GRC FD);

   •

approximately $70 million expected after-tax gain (approximately $117 million pretax) from the pending sale of EnergySouth Inc., the parent company of Mobile Gas and Willmut Gas; 

   •

the $27 million after-tax Rockies Express impairment charge ($44 million pretax) recorded in the first quarter of 2016; and

   •

any impact from the adoption of new accounting standards in 2016.

Sempra Energy 2016 Adjusted Earnings-Per-Share Guidance is a non-GAAP financial measure. Because of the significance and nature of the excluded items, management believes this non-GAAP measure provides better clarity into the ongoing results of the business and the comparability of such results to prior and future periods and also as a base for projected earnings-per-share CAGR. Projected Adjusted Earnings-Per-Share CAGR for 2016-2020 is a non-GAAP financial measure because it is based on the 2016 Adjusted Earnings Guidance Range. Sempra Energy 2016 Adjusted Earnings-Per-Share Guidance should not be considered an alternative to diluted earnings per share determined in accordance with GAAP. As the operating assets that will be included in the GdC transaction are yet to be confirmed by the applicable Mexican regulatory authority, and the valuation of such assets is not finalized, a gain cannot be reasonably estimated at this time. In addition, an agreement for the sale of the TdM plant has yet to be obtained. As a result, any potential earnings impact, other than the TdM deferred income tax expense recorded in the first six months of 2016, from these transactions cannot be reasonably estimated at this time. We are also not able to estimate the impact from the adoption of new accounting standards in 2016 through 2020, including Accounting Standards Update (ASU) 2016-09, "Improvements to Employee Share-Based Payment Accounting," ASU 2014-09, "Revenue from Contracts with Customers" and related clarifying ASUs and ASU 2016-02, "Leases." Accordingly, we are not able to provide a corresponding GAAP equivalent to our 2016 Adjusted Earnings-Per-Share Guidance or our Projected Adjusted Earnings-Per-Share CAGR from 2016 to 2020.

SEMPRA ENERGY

Table B

CONDENSED CONSOLIDATED BALANCE SHEETS

June 30,

December 31,

(Dollars in millions)

2016

2015⁽¹⁾

Assets

Current assets:

Cash and cash equivalents

$       616

$           403

Restricted cash

17

27

Accounts receivable, net

1,134

1,473

Due from unconsolidated affiliates

6

6

Income taxes receivable

36

30

Inventories

270

298

Regulatory balancing accounts – undercollected

336

307

Fixed-price contracts and other derivatives

65

80

Assets held for sale

654

            ―

Other

207

267

Total current assets

3,341

2,891

Other assets:

Restricted cash

18

20

Due from unconsolidated affiliates

192

186

Regulatory assets

3,353

3,273

Nuclear decommissioning trusts

1,103

1,063

Investments

2,267

2,905

Goodwill 

786

819

Other intangible assets

399

404

Dedicated assets in support of certain benefit plans

436

464

Insurance receivable for Aliso Canyon costs

679

325

Sundry

806

761

Total other assets

10,039

10,220

Property, plant and equipment, net

29,495

28,039

Total assets

$   42,875

$       41,150

Liabilities and Equity

Current liabilities:

Short-term debt

$    1,777

$           622

Accounts payable

1,241

1,275

Due to unconsolidated affiliates

8

14

Dividends and interest payable

314

303

Accrued compensation and benefits

289

423

Regulatory balancing accounts – overcollected

120

34

Current portion of long-term debt

907

907

Fixed-price contracts and other derivatives

54

56

Customer deposits

150

153

Reserve for Aliso Canyon costs

117

274

Liabilities held for sale

222

                ―

Other

481

551

Total current liabilities

5,680

4,612

Long-term debt

13,178

13,134

Deferred credits and other liabilities:

Customer advances for construction

152

149

Pension and other postretirement benefit plan obligations, net of plan assets

1,171

1,152

Deferred income taxes

3,071

3,157

Deferred investment tax credits

32

32

Regulatory liabilities arising from removal obligations

2,891

2,793

Asset retirement obligations

2,491

2,126

Fixed-price contracts and other derivatives

262

240

Deferred credits and other 

1,384

1,176

Total deferred credits and other liabilities

11,454

10,825

Equity:

Total Sempra Energy shareholders' equity

11,781

11,809

Preferred stock of subsidiary

20

20

Other noncontrolling interests

762

750

Total equity

12,563

12,579

Total liabilities and equity

$   42,875

$       41,150

(1)

Derived from audited financial statements.

SEMPRA ENERGY

Table C

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

Six months ended June 30,

(Dollars in millions)

2016

2015

(unaudited)

Cash Flows from Operating Activities

Net income

$  357

$  778

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

642

610

Deferred income taxes and investment tax credits

(42)

203

Gain on sale of assets

       ―

(62)

Plant closure adjustment

       ―

(21)

Equity earnings

(42)

(83)

Fixed-price contracts and other derivatives

41

       ―

Other

33

(8)

Net change in other working capital components

167

(116)

Insurance receivable for Aliso Canyon costs

(354)

       ―

Changes in other assets

(67)

(89)

Changes in other liabilities

147

7

Net cash provided by operating activities

882

1,219

Cash Flows from Investing Activities

Expenditures for property, plant and equipment

(2,006)

(1,466)

Expenditures for investments and acquisition of business

(46)

(161)

Proceeds from sale of assets

443

347

Distributions from investments

12

9

Purchases of nuclear decommissioning and other trust assets

(206)

(229)

Proceeds from sales by nuclear decommissioning and other trusts

204

221

Increases in restricted cash

(32)

(34)

Decreases in restricted cash

44

49

Advances to unconsolidated affiliates

(9)

(20)

Repayments of advances to unconsolidated affiliates

9

74

Other

(6)

9

Net cash used in investing activities

(1,593)

(1,201)

Cash Flows from Financing Activities

Common dividends paid

(335)

(308)

Preferred dividends paid by subsidiary

(1)

(1)

Issuances of common stock

29

31

Repurchases of common stock

(54)

(66)

Issuances of debt (maturities greater than 90 days)

1,384

1,547

Payments on debt (maturities greater than 90 days)

(986)

(846)

Increase (decrease) in short-term debt, net

865

(339)

Net distributions to noncontrolling interests

(10)

(14)

Tax benefit related to share-based compensation

34

52

Other 

(10)

(6)

Net cash provided by financing activities

916

50

Effect of exchange rate changes on cash and cash equivalents

8

(2)

Increase in cash and cash equivalents

213

66

Cash and cash equivalents, January 1

403

570

Cash and cash equivalents, June 30

$  616

$  636

SEMPRA ENERGY

Table D

SEGMENT EARNINGS (LOSSES) AND CAPITAL EXPENDITURES & INVESTMENTS 

Three months ended 

Six months ended 

June 30,

June 30,

(Dollars in millions)

2016

2015

2016

2015

    (unaudited)

Earnings (Losses) 

California Utilities:

San Diego Gas & Electric

$   100

$   126

$   229

$   273

Southern California Gas

(1)

70

194

284

Sempra International:

Sempra South American Utilities

43

45

81

86

Sempra Mexico

57

50

74

97

Sempra U.S. Gas & Power:

Sempra Renewables

12

19

25

32

Sempra Natural Gas

(149)

40

(185)

42

Parent and other

(46)

(55)

(83)

(82)

Earnings

$     16

$   295

$   335

$   732

Three months ended 

Six months ended

June 30,

June 30,

(Dollars in millions)

2016

2015

2016

2015

    (unaudited)

Capital Expenditures and Investments

California Utilities:

San Diego Gas & Electric

$   273

$  245

$   602

$   600

Southern California Gas

310

288

650

603

Sempra International:

Sempra South American Utilities

39

35

82

66

Sempra Mexico

100

65

140

120

Sempra U.S. Gas & Power:

Sempra Renewables

279

19

478

41

Sempra Natural Gas

45

144

92

169

Parent and other

5

17

8

28

Consolidated Capital Expenditures and Investments

$1,051

$  813

$ 2,052

$1,627

SEMPRA ENERGY

Table E

OTHER OPERATING STATISTICS (Unaudited)

Three months ended
June 30,

Six months ended
June 30,

UTILITIES

2016

2015

2016

2015

California Utilities - SDG&E and SoCalGas

Gas Sales (Bcf)⁽¹⁾

73

73

186

172

Transportation (Bcf)⁽¹⁾

144

145

292

300

Total Deliveries (Bcf)⁽¹⁾

217

218

478

472

Total Gas Customers (Thousands)

6,789

6,753

Electric Sales (Millions of kWhs)⁽¹⁾

3,512

3,644

7,285

7,476

Direct Access (Millions of kWhs)

772

829

1,606

1,696

Total Deliveries (Millions of kWhs)⁽¹⁾

4,284

4,473

8,891

9,172

Total Electric Customers (Thousands)

1,429

1,421

Other Utilities

Natural Gas Sales (Bcf)

Sempra Mexico

7

6

15

13

Mobile Gas⁽²⁾

11

11

24

24

Willmut Gas

1

1

2

2

Natural Gas Customers (Thousands) 

Sempra Mexico

116

110

Mobile Gas⁽²⁾

85

85

Willmut Gas

19

19

Electric Sales (Millions of kWhs)

Peru

1,887

1,918

3,836

3,841

Chile

682

704

1,481

1,496

Electric Customers (Thousands)

Peru

1,065

1,042

Chile

679

665

ENERGY-RELATED BUSINESSES

Sempra International

Power Sold (Millions of kWhs)

Sempra Mexico

604

733

1,132

1,643

Sempra U.S. Gas & Power

Power Sold (Millions of kWhs)

Sempra Renewables⁽³⁾

725

762

1,492

1,489

Sempra Natural Gas⁽⁴⁾

243

440

464

1,813

(1)

Includes intercompany sales.

(2)

Includes transportation.

(3)

Includes 50 percent of total power sold related to solar and wind projects in which Sempra Energy has a 50-percent ownership. These subsidiaries are not consolidated within Sempra Energy, and the related investments are accounted for under the equity method.

(4)

Sempra Natural Gas sold the remaining 625-megawatt block of its Mesquite Power natural gas-fired power plant in April 2015.

         SEMPRA ENERGY

           Table F (Unaudited)

Statement of Operations Data by Segment

Three Months Ended June 30, 2016

(Dollars in millions)

SDG&E

SoCalGas

Sempra South
American
Utilities

Sempra
Mexico

Sempra
Renewables

Sempra
Natural Gas

Consolidating
Adjustments,
Parent & Other

Total

Revenues

$   992

$   617

$   385

$   147

$   6

$   90

$   (81)

$   2,156

Cost of sales and other expenses

(664)

(516)

(306)

(86)

(13)

(336)

66

(1,855)

Depreciation and amortization

(158)

(112)

(14)

(15)

(2)

(12)

(1)

(314)

Equity earnings, before income tax

-

-

-

-

11

3

-

14

Other income (expense), net

13

6

5

(15)

1

1

12

23

Income (loss) before interest and tax ⁽¹⁾

183

(5)

70

31

3

(254)

(4)

24

Net interest (expense) income ⁽²⁾

(48)

(25)

(6)

(3)

-

7

(62)

(137)

Income tax (expense) benefit

(48)

29

(15)

12

9

99

20

106

Equity earnings, net of income tax

-

-

-

33

-

-

-

33

Losses (earnings) attributable to noncontrolling interests

13

-

(6)

(16)

-

(1)

-

(10)

Earnings (losses)

$   100

$   (1)

$   43

$   57

$   12

$   (149)

$   (46)

$   16

Three Months Ended June 30, 2015

(Dollars in millions)

SDG&E

SoCalGas

Sempra South
American
Utilities

Sempra
Mexico

Sempra
Renewables

Sempra
Natural Gas

Consolidating
Adjustments,
Parent & Other

Total

Revenues

$   972

$   780

$   389

$   152

$   10

$   155

$   (91)

$   2,367

Cost of sales and other expenses

(596)

(573)

(311)

(90)

(12)

(156)

77

(1,661)

Depreciation and amortization

(149)

(113)

(12)

(17)

(1)

(12)

(3)

(307)

Gain on sale of assets

-

-

1

-

-

61

-

62

Equity earnings, before income tax

-

-

-

-

10

17

-

27

Other income, net

9

9

6

6

1

-

6

37

Income (loss) before interest and tax ⁽¹⁾

236

103

73

51

8

65

(11)

525

Net interest (expense) income ⁽²⁾

(52)

(17)

(3)

(4)

-

2

(56)

(130)

Income tax (expense) benefit

(54)

(16)

(18)

(5)

11

(27)

11

(98)

Equity earnings, net of income tax

-

-

-

22

-

-

-

22

(Earnings) losses attributable to noncontrolling interests

(4)

-

(7)

(14)

-

-

1

(24)

Earnings (losses)

$   126

$   70

$   45

$   50

$   19

$   40

$   (55)

$   295

(1)

Management believes Income (Loss) Before Interest and Tax is a useful measurement of our segments' performance because it can be used to evaluate the effectiveness of our operations exclusive of interest and income tax, neither of which is directly relevant to the efficiency of those operations.

(2)

Includes interest income, interest expense and preferred dividends of subsidiary.

         SEMPRA ENERGY

           Table F (Unaudited)

Statement of Operations Data by Segment

Six Months Ended June 30, 2016

(Dollars in millions)

SDG&E

SoCalGas

Sempra South
American
Utilities

Sempra
Mexico

Sempra
Renewables

Sempra
Natural Gas

Consolidating
Adjustments,
Parent & Other

Total

Revenues

$   1,983

$   1,650

$   785

$   285

$   13

$   220

$   (158)

$   4,778

Cost of sales and other expenses

(1,260)

(1,133)

(635)

(168)

(26)

(490)

128

(3,584)

Depreciation and amortization

(317)

(234)

(27)

(32)

(3)

(25)

(4)

(642)

Equity earnings (losses), before income tax

-

-

-

-

18

(26)

-

(8)

Other income (expense), net

27

16

7

(4)

1

1

24

72

Income (loss) before interest and tax ⁽¹⁾

433

299

130

81

3

(320)

(10)

616

Net interest (expense) income ⁽²⁾

(96)

(47)

(10)

(5)

1

11

(128)

(274)

Income tax (expense) benefit

(120)

(58)

(29)

(29)

21

124

55

(36)

Equity earnings, net of income tax

-

-

2

48

-

-

-

50

Losses (earnings) attributable to noncontrolling interests

12

-

(12)

(21)

-

-

-

(21)

Earnings (losses)

$   229

$   194

$   81

$   74

$   25

$   (185)

$   (83)

$   335

Six Months Ended June 30, 2015