10-Q Filing

TARGA RESOURCES CORP. CIK: 1389170 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-028429`
Period End Date	20180930
Filing Date	20181108
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	trgp-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 98 Cash Flow Statement 96 Stockholders Equity 41 Comprehensive Income 28

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$100.00K	USD	Point-in-time
Trade receivables, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$100.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$203.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$137.20M	USD	Point-in-time
Trade receivables, net of allowances of $0.1 and $0.1 million at September 30, 2018 and December 31, 2017	`AccountsReceivableNetCurrent`	$827.60M	USD	Point-in-time
Trade receivables, net of allowances of $0.1 and $0.1 million at September 30, 2018 and December 31, 2017	`AccountsReceivableNetCurrent`	$1.04B	USD	Point-in-time
Inventories	`InventoryNet`	$177.90M	USD	Point-in-time
Inventories	`InventoryNet`	$204.50M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$37.90M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$59.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$62.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$82.80M	USD	Point-in-time
Held for sale assets (see Note 4)	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$165.70M	USD	Point-in-time
Held for sale assets (see Note 4)	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.73B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.27B	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
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$14.21B	USD	Point-in-time
Property, plant and equipment	`PropertyPlantAndEquipmentGross`	$16.22B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.78B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.14B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$10.43B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	229.95M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	218.15M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$12.08B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.17B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	229.28M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$2.03B	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	217.57M	shares	Point-in-time
Preferred stock, par value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill, net	`Goodwill`	$256.60M	USD	Point-in-time
Goodwill, net	`Goodwill`	$256.60M	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
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$23.20M	USD	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$8.40M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$221.60M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$441.50M	USD	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
Other long-term assets	`OtherAssetsNoncurrent`	$25.70M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$21.50M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	585,640.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	665,724.00	shares	Point-in-time
Total assets	`Assets`	$14.39B	USD	Point-in-time
Total assets	`Assets`	$16.57B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.19B	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.09B	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$176.30M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$79.70M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$350.00M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$290.00M	USD	Point-in-time
Held for sale liabilities (see Note 4)	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Held for sale liabilities (see Note 4)	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.56B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.62B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.68B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.70B	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$19.60M	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$67.50M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$479.00M	USD	Point-in-time
Deferred income taxes, net	`DeferredTaxLiabilitiesNoncurrent`	$487.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$597.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$270.60M	USD	Point-in-time
Contingencies (see Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (see Note 18)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock value	`CommonStockValueOutstanding`	$200.00K	USD	Point-in-time
Common stock value	`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, no 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, no shares issued and outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.30B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.27B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-77.20M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-23.80M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-125.90M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-29.90M	USD	Point-in-time
Treasury stock, at cost (665,724 shares as of September 30, 2018 and 585,640 shares as of December 31, 2017)	`TreasuryStockValue`	$39.60M	USD	Point-in-time
Treasury stock, at cost (665,724 shares as of September 30, 2018 and 585,640 shares as of December 31, 2017)	`TreasuryStockValue`	$35.60M	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$6.08B	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$6.16B	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$595.70M	USD	Point-in-time
Noncontrolling interests in subsidiaries	`MinorityInterest`	$1.19B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.72B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.55B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.76B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.27B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$14.39B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$16.57B	USD	Point-in-time

Income Statement 98 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.89B	USD	3 Qtrs
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.13B	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$6.11B	USD	3 Qtrs
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.99B	USD	1 Quarter
Product purchases (see Note 3)	`CostOfGoodsAndServicesSold`	$2.38B	USD	1 Quarter
Product purchases (see Note 3)	`CostOfGoodsAndServicesSold`	$4.74B	USD	3 Qtrs
Product purchases (see Note 3)	`CostOfGoodsAndServicesSold`	$6.23B	USD	3 Qtrs
Product purchases (see Note 3)	`CostOfGoodsAndServicesSold`	$1.66B	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$155.50M	USD	1 Quarter
Operating expenses	`OperatingCostsAndExpenses`	$462.70M	USD	3 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$538.70M	USD	3 Qtrs
Operating expenses	`OperatingCostsAndExpenses`	$194.90M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$602.80M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$607.10M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$206.30M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$208.30M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$176.90M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$63.20M	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$149.50M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$49.90M	USD	1 Quarter
Impairment of property, plant and equipment	`AssetImpairmentCharges`	$378.00M	USD	1 Quarter
Impairment of property, plant and equipment	`AssetImpairmentCharges`	$378.00M	USD	3 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-17.20M	USD	3 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-600.00K	USD	1 Quarter
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-15.70M	USD	3 Qtrs
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-61.80M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$318.20M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$-235.90M	USD	3 Qtrs
Income (loss) from operations	`OperatingIncomeLoss`	$76.70M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$-323.60M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-56.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-78.20M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-124.20M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-181.20M	USD	3 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$200.00K	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$-16.60M	USD	3 Qtrs
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$3.00M	USD	1 Quarter
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$6.40M	USD	3 Qtrs
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-16.50M	USD	3 Qtrs
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-2.00M	USD	3 Qtrs
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-126.80M	USD	1 Quarter
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-125.60M	USD	3 Qtrs
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$16.60M	USD	1 Quarter
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$12.10M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-2.70M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.10M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$186.30M	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-252.50M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-327.30M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-97.40M	USD	1 Quarter
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$37.70M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-132.30M	USD	3 Qtrs
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-3.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-155.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$148.60M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-11.20M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-195.00M	USD	3 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$34.30M	USD	3 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$40.40M	USD	3 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.50M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$12.50M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-229.30M	USD	3 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-23.70M	USD	1 Quarter
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$108.20M	USD	3 Qtrs
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-167.60M	USD	1 Quarter
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$68.80M	USD	3 Qtrs
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$68.80M	USD	3 Qtrs
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$6.50M	USD	1 Quarter
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$19.00M	USD	3 Qtrs
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$7.40M	USD	1 Quarter
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$21.50M	USD	3 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-317.10M	USD	3 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-54.00M	USD	1 Quarter
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$17.90M	USD	3 Qtrs
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-197.00M	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.24	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.91	USD	1 Quarter
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$0.08	USD	3 Qtrs
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-1.56	USD	3 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.91	USD	1 Quarter
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$0.08	USD	3 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-1.56	USD	3 Qtrs
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.24	USD	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	203.80M	shares	3 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	215.60M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	222.10M	shares	3 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	226.50M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	203.80M	shares	3 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	215.60M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	223.80M	shares	3 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	226.50M	shares	1 Quarter
Dividends per common share declared for the period	`CommonStockDividendsPerShareDeclared`	$0.91	USD	1 Quarter
Dividends per common share declared for the period	`CommonStockDividendsPerShareDeclared`	$0.91	USD	1 Quarter
Dividends per common share declared for the period	`CommonStockDividendsPerShareDeclared`	$2.73	USD	3 Qtrs
Dividends per common share declared for the period	`CommonStockDividendsPerShareDeclared`	$2.73	USD	3 Qtrs

Cash Flow Statement 96 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-155.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$148.60M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-11.20M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-195.00M	USD	3 Qtrs
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$8.80M	USD	3 Qtrs
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$8.10M	USD	3 Qtrs
Compensation on equity grants	`ShareBasedCompensation`	$31.70M	USD	3 Qtrs
Compensation on equity grants	`ShareBasedCompensation`	$40.70M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$602.80M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$607.10M	USD	3 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$206.30M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$208.30M	USD	1 Quarter
Impairment of property, plant and equipment	`AssetImpairmentCharges`	$378.00M	USD	1 Quarter
Impairment of property, plant and equipment	`AssetImpairmentCharges`	$378.00M	USD	3 Qtrs
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$2.80M	USD	3 Qtrs
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$3.00M	USD	3 Qtrs
Increase (decrease) in redemption value of mandatorily redeemable preferred interests	`MinorityInterestChangeInRedemptionValue`	$66.30M	USD	3 Qtrs
Increase (decrease) in redemption value of mandatorily redeemable preferred interests	`MinorityInterestChangeInRedemptionValue`	$-8.50M	USD	3 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$37.70M	USD	3 Qtrs
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-132.60M	USD	3 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$200.00K	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-16.60M	USD	3 Qtrs
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$3.00M	USD	1 Quarter
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$6.40M	USD	3 Qtrs
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$8.40M	USD	3 Qtrs
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$16.00M	USD	3 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-9.60M	USD	3 Qtrs
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-7.20M	USD	3 Qtrs
(Gain) loss on sale or disposition of assets	`GainLossOnSaleOfProperty`	$-300.00K	USD	1 Quarter
(Gain) loss on sale or disposition of assets	`GainLossOnSaleOfProperty`	$-16.60M	USD	3 Qtrs
(Gain) loss on sale or disposition of assets	`GainLossOnSaleOfProperty`	$-14.30M	USD	3 Qtrs
(Gain) loss on sale or disposition of assets	`GainLossOnSaleOfProperty`	$-61.10M	USD	1 Quarter
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-16.50M	USD	3 Qtrs
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-2.00M	USD	3 Qtrs
Change in contingent considerations included in Other expense (income)	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-126.80M	USD	1 Quarter
Change in contingent considerations included in Other expense (income)	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-125.60M	USD	3 Qtrs
Change in contingent considerations included in Other expense (income)	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$16.60M	USD	1 Quarter
Change in contingent considerations included in Other expense (income)	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$12.10M	USD	3 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$225.30M	USD	3 Qtrs
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$-67.80M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$136.40M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$16.60M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$330.20M	USD	3 Qtrs
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-44.40M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$531.90M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$914.60M	USD	3 Qtrs
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$866.60M	USD	3 Qtrs
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.03B	USD	3 Qtrs
Outlays for business acquisition, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$570.80M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$71.50M	USD	3 Qtrs
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$7.50M	USD	3 Qtrs
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$223.70M	USD	3 Qtrs
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$2.20M	USD	3 Qtrs
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$2.20M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$9.20M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$14.80M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.46B	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.19B	USD	3 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$2.41B	USD	3 Qtrs
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$1.27B	USD	3 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$1.29B	USD	3 Qtrs
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$1.97B	USD	3 Qtrs
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$440.00M	USD	3 Qtrs
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$281.60M	USD	3 Qtrs
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$278.50M	USD	3 Qtrs
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$500.00M	USD	3 Qtrs
Proceeds from issuance of senior notes and term loan	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.00B	USD	3 Qtrs
Redemption of senior notes and term loan	`RepaymentsOfSeniorDebt`	$447.60M	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$1.57B	USD	3 Qtrs
Proceeds from issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$576.50M	USD	3 Qtrs
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$15.10M	USD	3 Qtrs
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$23.30M	USD	3 Qtrs
Repurchase of shares and units under compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.00M	USD	3 Qtrs
Repurchase of shares and units under compensation plans	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.10M	USD	3 Qtrs
Purchase of noncontrolling interests in subsidiary	`PaymentsToMinorityShareholders`	$12.50M	USD	3 Qtrs
Purchase of noncontrolling interests in subsidiary	`PaymentsToMinorityShareholders`	$100.00K	USD	3 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$93.80M	USD	3 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$611.70M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$51.60M	USD	3 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$33.40M	USD	3 Qtrs
Distributions to Partnership unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$8.40M	USD	3 Qtrs
Distributions to Partnership unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$8.40M	USD	3 Qtrs
Dividends paid to common and Series A preferred shareholders	`PaymentsOfOrdinaryDividends`	$624.00M	USD	3 Qtrs
Dividends paid to common and Series A preferred shareholders	`PaymentsOfOrdinaryDividends`	$676.60M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$966.20M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.34B	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$40.60M	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$66.00M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$137.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$203.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$73.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$114.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$137.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$203.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$73.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$114.10M	USD	Point-in-time

Stockholders Equity 41 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.72B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.55B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.76B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.27B	USD	Point-in-time
Impact of accounting standard adoption (see Note 3)	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$5.20M	USD	3 Qtrs
Impact of accounting standard adoption (see Note 3)	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$56.10M	USD	3 Qtrs
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$40.70M	USD	3 Qtrs
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$31.70M	USD	3 Qtrs
Distribution equivalent rights	`DistributionEquivalentRights`	$10.30M	USD	3 Qtrs
Distribution equivalent rights	`DistributionEquivalentRights`	$7.00M	USD	3 Qtrs
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.10M	USD	3 Qtrs
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.00M	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$1.56B	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$572.00M	USD	3 Qtrs
Dividends	`DividendsPreferredStock`	$68.80M	USD	3 Qtrs
Dividends	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Dividends	`DividendsPreferredStock`	$22.90M	USD	1 Quarter
Dividends	`DividendsPreferredStock`	$68.80M	USD	3 Qtrs
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$19.00M	USD	3 Qtrs
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$21.50M	USD	3 Qtrs
Dividends	`DividendsCommonStock`	$553.20M	USD	3 Qtrs
Dividends	`DividendsCommonStock`	$604.40M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$41.80M	USD	3 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$60.00M	USD	3 Qtrs
Contributions from noncontrolling interests	`ContributionsFromNonControllingInterest`	$93.80M	USD	3 Qtrs
Contributions from noncontrolling interests	`ContributionsFromNonControllingInterest`	$611.70M	USD	3 Qtrs
Acquisition of related party (see Note 17)	`NoncontrollingInterestIncreaseFromBusinessCombination`	$1.10M	USD	3 Qtrs
Purchase of noncontrolling interests in subsidiary, net of tax impact	`MinorityInterestDecreaseFromRedemptions`	$100.00K	USD	3 Qtrs
Purchase of noncontrolling interests in subsidiary, net of tax impact	`MinorityInterestDecreaseFromRedemptions`	$25.90M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-5.20M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-90.80M	USD	3 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-65.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-87.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-155.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$148.60M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-11.20M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-195.00M	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.72B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.55B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.76B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.27B	USD	Point-in-time

Comprehensive Income 28 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-155.10M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$148.60M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-11.20M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-195.00M	USD	3 Qtrs
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-115.70M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-119.70M	USD	3 Qtrs
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-104.70M	USD	1 Quarter
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-8.30M	USD	3 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-39.70M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-27.80M	USD	1 Quarter
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-28.90M	USD	3 Qtrs
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-3.10M	USD	3 Qtrs
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-5.20M	USD	3 Qtrs
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-90.80M	USD	3 Qtrs
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-65.00M	USD	1 Quarter
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-87.90M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$57.80M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-220.10M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-200.20M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-99.10M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$12.50M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$12.50M	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$40.40M	USD	3 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$34.30M	USD	3 Qtrs
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-232.60M	USD	1 Quarter
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-234.50M	USD	3 Qtrs
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$17.40M	USD	3 Qtrs
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-111.60M	USD	1 Quarter

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