10-K Filing

TARGA RESOURCES CORP. CIK: 1389170 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0000950170-24-015841`
Period End Date	20231231
Filing Date	20240215
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	trgp-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 89 Income Statement 71 Cash Flow Statement 132 Stockholders Equity 50 Comprehensive Income 21

Balance Sheet 89 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.20M	USD	Point-in-time
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$141.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$219.00M	USD	Point-in-time
Trade receivables, net of allowances of $2.5 million and $2.2 million at December 31, 2023 and December 31, 2022	`AccountsReceivableNetCurrent`	$1.47B	USD	Point-in-time
Trade receivables, net of allowances of $2.5 million and $2.2 million at December 31, 2023 and December 31, 2022	`AccountsReceivableNetCurrent`	$1.41B	USD	Point-in-time
Inventories	`InventoryNet`	$371.50M	USD	Point-in-time
Inventories	`InventoryNet`	$393.80M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$111.90M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$179.90M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$155.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$98.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.36B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.19B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.21B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$15.81B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.35B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.09B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.73B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$24.50M	USD	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$33.30M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	240.10M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	237.94M	shares	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$146.30M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$131.30M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$140.60M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	222.61M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$98.40M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	226.04M	shares	Point-in-time
Preferred stock, par value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$19.56B	USD	Point-in-time
Total assets	`Assets`	$20.67B	USD	Point-in-time
Preferred stock, par value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	98.80M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	98.80M	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.45B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.57B	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	11.90M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	17.48M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$281.70M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$289.50M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$229.60M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$174.00M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$54.00M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$320.10M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$834.30M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$620.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.76B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.07B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$12.33B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$10.70B	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$140.10M	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$16.80M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$327.70M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$535.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$341.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$415.10M	USD	Point-in-time
Commitments and Contingencies (see Notes 17 and 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (see Notes 17 and 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock ($0.001 par value, 450,000,000 shares authorized as of December 31, 2023 and December 31, 2022)	`CommonStockValueOutstanding`	$200.00K	USD	Point-in-time
Common stock ($0.001 par value, 450,000,000 shares authorized as of December 31, 2023 and December 31, 2022)	`CommonStockValueOutstanding`	$200.00K	USD	Point-in-time
Preferred stock ($0.001 par value, after designation of Series A Preferred Stock: 98,800,000 shares authorized, zero shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock ($0.001 par value, after designation of Series A Preferred Stock: 98,800,000 shares authorized, zero shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.06B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.70B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$492.00M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-626.80M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$54.70M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$85.60M	USD	Point-in-time
Treasury stock, at cost (17,484,440 shares as of December 31, 2023 and 11,896,829 shares as of December 31, 2022)	`TreasuryStockValue`	$896.90M	USD	Point-in-time
Treasury stock, at cost (17,484,440 shares as of December 31, 2023 and 11,896,829 shares as of December 31, 2022)	`TreasuryStockValue`	$464.70M	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$2.74B	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$2.67B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$2.32B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.87B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.61B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.98B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$19.56B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$20.67B	USD	Point-in-time

Income Statement 71 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$16.95B	USD	Annual
Total revenues	`Revenues`	$20.93B	USD	Annual
Total revenues	`Revenues`	$16.06B	USD	Annual
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$13.73B	USD	Annual
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$10.68B	USD	Annual
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$16.88B	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$747.00M	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$912.80M	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$1.08B	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$1.10B	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$1.33B	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$870.60M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$309.70M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$348.70M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$273.20M	USD	Annual
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$452.30M	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$452.30M	USD	Annual
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-1.50M	USD	Annual
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-200.00K	USD	Annual
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-12.40M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$2.63B	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$1.73B	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$864.80M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-446.10M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-687.80M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-387.90M	USD	Annual
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$-23.90M	USD	Annual
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$9.00M	USD	Annual
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$9.10M	USD	Annual
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-49.60M	USD	Annual
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-16.60M	USD	Annual
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-2.10M	USD	Annual
Gain (loss) from sale of equity-method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$435.90M	USD	Annual
Other, net	`OtherNonoperatingIncomeExpense`	$-2.80M	USD	Annual
Other, net	`OtherNonoperatingIncomeExpense`	$500.00K	USD	Annual
Other, net	`OtherNonoperatingIncomeExpense`	$-15.10M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.66B	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$436.90M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.94B	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$131.80M	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$14.80M	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$363.20M	USD	Annual
Net income (loss)	`ProfitLoss`	$422.10M	USD	Annual
Net income (loss)	`ProfitLoss`	$1.58B	USD	Annual
Net income (loss)	`ProfitLoss`	$1.53B	USD	Annual
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$350.90M	USD	Annual
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$233.40M	USD	Annual
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$335.90M	USD	Annual
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$1.20B	USD	Annual
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$1.35B	USD	Annual
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$71.20M	USD	Annual
Premium on repurchase of noncontrolling interests, net of tax	`PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax`	$510.10M	USD	Annual
Premium on repurchase of noncontrolling interests, net of tax	`PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax`	$53.20M	USD	Annual
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$87.30M	USD	Annual
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$30.00M	USD	Annual
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$215.50M	USD	Annual
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$835.80M	USD	Annual
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-16.10M	USD	Annual
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$896.80M	USD	Annual
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$3.69	USD	Annual
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.07	USD	Annual
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$3.95	USD	Annual
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$3.66	USD	Annual
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$3.88	USD	Annual
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.07	USD	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	224.60M	shares	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	228.60M	shares	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	227.30M	shares	Annual
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	226.00M	shares	Annual
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	231.10M	shares	Annual
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	228.60M	shares	Annual

Cash Flow Statement 132 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$422.10M	USD	Annual
Net income (loss)	`ProfitLoss`	$1.58B	USD	Annual
Net income (loss)	`ProfitLoss`	$1.53B	USD	Annual
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$10.30M	USD	Annual
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$10.50M	USD	Annual
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$13.20M	USD	Annual
Compensation on equity grants	`ShareBasedCompensation`	$62.40M	USD	Annual
Compensation on equity grants	`ShareBasedCompensation`	$57.50M	USD	Annual
Compensation on equity grants	`ShareBasedCompensation`	$59.20M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$1.10B	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$1.33B	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$870.60M	USD	Annual
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$452.30M	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$452.30M	USD	Annual
(Gain) loss on sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$-2.00M	USD	Annual
(Gain) loss on sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$5.30M	USD	Annual
(Gain) loss on sale or disposition of assets	`GainLossOnDispositionOfAssets1`	$9.60M	USD	Annual
Write-downs of assets	`WriteDownsOfAsset`	$9.80M	USD	Annual
Write-downs of assets	`WriteDownsOfAsset`	$6.90M	USD	Annual
Write-downs of assets	`WriteDownsOfAsset`	$10.30M	USD	Annual
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$5.90M	USD	Annual
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$4.80M	USD	Annual
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$4.00M	USD	Annual
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$12.10M	USD	Annual
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$349.60M	USD	Annual
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$125.10M	USD	Annual
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-23.90M	USD	Annual
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$9.00M	USD	Annual
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$9.10M	USD	Annual
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$84.00M	USD	Annual
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$13.10M	USD	Annual
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$12.20M	USD	Annual
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-116.00M	USD	Annual
Risk management activities	`UnrealizedGainLossOnDerivatives`	$275.40M	USD	Annual
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-302.50M	USD	Annual
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-49.60M	USD	Annual
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-16.60M	USD	Annual
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-2.10M	USD	Annual
(Gain) loss from sale of equity-method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$435.90M	USD	Annual
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$20.60M	USD	Annual
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-219.70M	USD	Annual
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$392.40M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-40.60M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-36.00M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$236.20M	USD	Annual
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$-383.00M	USD	Annual
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$68.20M	USD	Annual
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$565.40M	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$5.90M	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$35.50M	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$55.60M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.38B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.30B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.21B	USD	Annual
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$505.10M	USD	Annual
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.39B	USD	Annual
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.33B	USD	Annual
Outlays for business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$3.50B	USD	Annual
Outlays for asset acquisition, net of cash acquired	`PaymentsToAcquireBusinessTwoNetOfCashAcquired`	$205.20M	USD	Annual
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$23.00M	USD	Annual
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$4.70M	USD	Annual
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$12.20M	USD	Annual
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$24.60M	USD	Annual
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$600.00K	USD	Annual
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$1.50M	USD	Annual
Proceeds from sale of equity-method investment	`ProceedsFromSaleOfEquityMethodInvestments`	$857.00M	USD	Annual
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$16.80M	USD	Annual
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$5.50M	USD	Annual
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$20.20M	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.60M	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-100.00K	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.00M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-473.20M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.40B	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.15B	USD	Annual
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$5.84B	USD	Annual
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$620.00M	USD	Annual
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$5.55B	USD	Annual
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$1.46B	USD	Annual
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$290.00M	USD	Annual
Proceeds from borrowings of commercial paper notes	`ProceedsFromBorrowingsOfCommercialPaperNotes`	$30.50B	USD	Annual
Proceeds from borrowings of commercial paper notes	`ProceedsFromBorrowingsOfCommercialPaperNotes`	$59.00B	USD	Annual
Repayments of commercial paper notes	`RepaymentsOfCommercialPaper`	$59.84B	USD	Annual
Repayments of commercial paper notes	`RepaymentsOfCommercialPaper`	$29.50B	USD	Annual
Proceeds from borrowings under term loan facility	`ProceedsFromBankDebt`	$1.50B	USD	Annual
Repayments of term loan facility	`RepaymentsOfBankDebt`	$1.00B	USD	Annual
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$143.10M	USD	Annual
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$630.00M	USD	Annual
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$1.23B	USD	Annual
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$368.10M	USD	Annual
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$830.00M	USD	Annual
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$580.00M	USD	Annual
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$3.73B	USD	Annual
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.00B	USD	Annual
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$2.74B	USD	Annual
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$1.13B	USD	Annual
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$1.47B	USD	Annual
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$12.50M	USD	Annual
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$19.70M	USD	Annual
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$42.90M	USD	Annual
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$45.70M	USD	Annual
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$9.60M	USD	Annual
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$36.10M	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfEquity`	$429.50M	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfEquity`	$260.60M	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfEquity`	$53.20M	USD	Annual
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$9.70M	USD	Annual
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$26.10M	USD	Annual
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$15.80M	USD	Annual
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$500.00M	USD	Annual
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$316.40M	USD	Annual
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$222.10M	USD	Annual
Repurchase of noncontrolling interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$1.12B	USD	Annual
Repurchase of noncontrolling interests	`PaymentsForRepurchaseOfRedeemableNoncontrollingInterest`	$926.30M	USD	Annual
Redemption of Series A Preferred Stock	`RedemptionOfSeriesAPreferredStock`	$965.20M	USD	Annual
Dividends paid to common and Series A Preferred shareholders	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$427.30M	USD	Annual
Dividends paid to common and Series A Preferred shareholders	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$187.50M	USD	Annual
Dividends paid to common and Series A Preferred shareholders	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$379.70M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.83B	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.91B	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-888.10M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-77.30M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$60.50M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-84.30M	USD	Annual
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$242.80M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$219.00M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$141.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$242.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$219.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.50M	USD	Point-in-time

Stockholders Equity 50 line items

Line Item	Tag	Value	Unit	Period
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$95.00	USD	Annual
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$47.50	USD	Annual
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$1.40	USD	Annual
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.40	USD	Annual
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$1.85	USD	Annual
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.50	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.61B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.98B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$62.40M	USD	Annual
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$59.20M	USD	Annual
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$57.50M	USD	Annual
Dividend equivalent rights	`Dividendequivalentrights`	$-7.10M	USD	Annual
Dividend equivalent rights	`Dividendequivalentrights`	$-3.90M	USD	Annual
Dividend equivalent rights	`Dividendequivalentrights`	$-3.10M	USD	Annual
Shares tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$35.80M	USD	Annual
Shares tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$55.80M	USD	Annual
Shares tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$13.20M	USD	Annual
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$40.00M	USD	Annual
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$224.80M	USD	Annual
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$373.70M	USD	Annual
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	3.41M	shares	Annual
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	756,478.00	shares	Annual
Repurchases of common stock (in shares)	`StockRepurchasedDuringPeriodShares`	4.87M	shares	Annual
Excise tax on repurchases of common stock	`ExciseTaxOnRepurchasesOfCommonStock`	$2.70M	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$87.30M	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$30.00M	USD	Annual
Deemed dividends - redemption of Series A Preferred Stock	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$215.50M	USD	Annual
Common stock dividends	`DividendsCommonStock`	$91.50M	USD	Annual
Common stock dividends	`DividendsCommonStock`	$318.30M	USD	Annual
Common stock dividends	`DividendsCommonStock`	$419.00M	USD	Annual
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$449.10M	USD	Annual
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$354.50M	USD	Annual
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$230.00M	USD	Annual
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$9.70M	USD	Annual
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$26.10M	USD	Annual
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$15.80M	USD	Annual
Repurchase of noncontrolling interests, net of tax	`MinorityInterestDecreaseFromRedemptions`	$911.10M	USD	Annual
Repurchase of noncontrolling interests, net of tax	`MinorityInterestDecreaseFromRedemptions`	$969.40M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$285.60M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$30.90M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-89.10M	USD	Annual
Net income (loss)	`ProfitLoss`	$422.10M	USD	Annual
Net income (loss)	`ProfitLoss`	$1.58B	USD	Annual
Net income (loss)	`ProfitLoss`	$1.53B	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.61B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.98B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time

Comprehensive Income 21 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$422.10M	USD	Annual
Net income (loss)	`ProfitLoss`	$1.58B	USD	Annual
Net income (loss)	`ProfitLoss`	$1.53B	USD	Annual
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$367.40M	USD	Annual
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$40.00M	USD	Annual
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-117.30M	USD	Annual
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-28.20M	USD	Annual
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$9.10M	USD	Annual
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$81.80M	USD	Annual
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$285.60M	USD	Annual
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-89.10M	USD	Annual
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$30.90M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.82B	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$333.00M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.61B	USD	Annual
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$233.40M	USD	Annual
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$350.90M	USD	Annual
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$335.90M	USD	Annual
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$1.38B	USD	Annual
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-17.90M	USD	Annual
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$1.48B	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.