10-K Filing

TARGA RESOURCES CORP. CIK: 1389170 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001564590-22-006563`
Period End Date	20211231
Filing Date	20220224
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	trgp-10k_20211231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 77 Cash Flow Statement 137 Stockholders Equity 54 Comprehensive Income 21

Balance Sheet 91 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`	$158.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$242.80M	USD	Point-in-time
Trade receivables, net of allowances of $0.1 million and $0.1 million at December 31, 2021 and December 31, 2020	`AccountsReceivableNetCurrent`	$1.33B	USD	Point-in-time
Trade receivables, net of allowances of $0.1 million and $0.1 million at December 31, 2021 and December 31, 2020	`AccountsReceivableNetCurrent`	$862.80M	USD	Point-in-time
Inventories	`InventoryNet`	$153.40M	USD	Point-in-time
Inventories	`InventoryNet`	$181.50M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$85.50M	USD	Point-in-time
Assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent`	$43.10M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$82.90M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$87.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.77B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.46B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$12.17B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$11.67B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.38B	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.09B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$1.74B	USD	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$49.30M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Long-term assets from risk management activities	`DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$7.70M	USD	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$714.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	236.11M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	234.79M	shares	Point-in-time
Investments in unconsolidated affiliates	`EquityMethodInvestments`	$586.50M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	228.22M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$81.70M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	228.06M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$96.10M	USD	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
Total assets	`Assets`	$15.88B	USD	Point-in-time
Total assets	`Assets`	$15.21B	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`	$833.80M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.40B	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	7.88M	shares	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$272.20M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$186.40M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	6.73M	shares	Point-in-time
Distributions payable	`DistributionsPayableCurrent`	$115.40M	USD	Point-in-time
Distributions payable	`DistributionsPayableCurrent`	$64.50M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$132.60M	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$138.50M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$258.20M	USD	Point-in-time
Liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent`	$142.60M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$162.80M	USD	Point-in-time
Current debt obligations	`DebtCurrentNetOfIssuanceCost`	$368.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.30B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.78B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$6.43B	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$7.39B	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$109.30M	USD	Point-in-time
Long-term liabilities from risk management activities	`DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent`	$43.40M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$136.00M	USD	Point-in-time
Deferred income taxes, net	`DeferredIncomeTaxLiabilitiesNet`	$152.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$309.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$301.60M	USD	Point-in-time
Contingencies (see Note 19)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contingencies (see Note 19)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock ($0.001 par value, 450,000,000 shares authorized as of December 31, 2021 and 300,000,000 shares authorized as of December 31, 2020)	`CommonStockValueOutstanding`	$200.00K	USD	Point-in-time
Common stock ($0.001 par value, 450,000,000 shares authorized as of December 31, 2021 and 300,000,000 shares authorized as of December 31, 2020)	`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`	$4.84B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.27B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-1.89B	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-1.82B	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-230.90M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-141.80M	USD	Point-in-time
Treasury stock, at cost (7,884,171 shares as of December 31, 2021 and 6,731,035 shares as of December 31, 2020)	`TreasuryStockValue`	$204.10M	USD	Point-in-time
Treasury stock, at cost (7,884,171 shares as of December 31, 2021 and 6,731,035 shares as of December 31, 2020)	`TreasuryStockValue`	$150.90M	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$2.01B	USD	Point-in-time
Total Targa Resources Corp. stockholders' equity	`StockholdersEquity`	$2.65B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.25B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.17B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.47B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time
Total owners' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$15.21B	USD	Point-in-time
Total liabilities, Series A Preferred Stock and owners' equity	`LiabilitiesAndStockholdersEquity`	$15.88B	USD	Point-in-time

Income Statement 77 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`Revenues`	$16.95B	USD	Annual
Total revenues	`Revenues`	$8.67B	USD	Annual
Total revenues	`Revenues`	$8.26B	USD	Annual
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$5.19B	USD	Annual
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$6.21B	USD	Annual
Product purchases and fuel	`CostOfGoodsAndServicesSold`	$13.73B	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$698.40M	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$703.40M	USD	Annual
Operating expenses	`OperatingCostsAndExpenses`	$747.00M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$865.10M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$870.60M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$971.60M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$280.70M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$254.60M	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`	$2.44B	USD	Annual
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.44B	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$452.30M	USD	Annual
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$225.30M	USD	Annual
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-12.40M	USD	Annual
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-89.20M	USD	Annual
Other operating (income) expense	`OtherOperatingIncomeExpenseNet`	$-116.60M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$864.80M	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$-1.30B	USD	Annual
Income (loss) from operations	`OperatingIncomeLoss`	$192.90M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-337.80M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-387.90M	USD	Annual
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-391.30M	USD	Annual
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$72.60M	USD	Annual
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$39.00M	USD	Annual
Equity earnings (loss)	`IncomeLossFromEquityMethodInvestments`	$-23.90M	USD	Annual
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-16.60M	USD	Annual
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-1.40M	USD	Annual
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$45.60M	USD	Annual
Gain (loss) from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$61.10M	USD	2 Qtrs
Gain (loss) from sale of equity-method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$69.30M	USD	Annual
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$100.00K	USD	Annual
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$8.70M	USD	Annual
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-300.00K	USD	Annual
Other, net	`OtherNonoperatingIncomeExpense`	$600.00K	USD	Annual
Other, net	`OtherNonoperatingIncomeExpense`	$3.40M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$436.90M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-46.70M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.57B	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$14.80M	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-87.90M	USD	Annual
Income tax (expense) benefit	`IncomeTaxExpenseBenefit`	$-248.10M	USD	Annual
Net income (loss)	`ProfitLoss`	$41.20M	USD	Annual
Net income (loss)	`ProfitLoss`	$422.10M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.32B	USD	Annual
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$228.90M	USD	Annual
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$350.90M	USD	Annual
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$250.40M	USD	Annual
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-209.20M	USD	Annual
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$-1.55B	USD	Annual
Net income (loss) attributable to Targa Resources Corp.	`NetIncomeLoss`	$71.20M	USD	Annual
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$91.70M	USD	Annual
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$87.30M	USD	Annual
Dividends on Series A Preferred Stock	`DividendsPreferredStock`	$91.70M	USD	Annual
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$33.10M	USD	Annual
Deemed dividends on Series A Preferred Stock	`DeemedPreferredStockDividend`	$39.20M	USD	Annual
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-334.00M	USD	Annual
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-16.10M	USD	Annual
Net income (loss) attributable to common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.68B	USD	Annual
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-0.07	USD	Annual
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-1.44	USD	Annual
Net income (loss) per common share - basic	`EarningsPerShareBasic`	$-7.26	USD	Annual
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-7.26	USD	Annual
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-1.44	USD	Annual
Net income (loss) per common share - diluted	`EarningsPerShareDiluted`	$-0.07	USD	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	232.50M	shares	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	232.20M	shares	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	228.60M	shares	Annual
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	232.20M	shares	Annual
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	228.60M	shares	Annual
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	232.50M	shares	Annual

Cash Flow Statement 137 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$41.20M	USD	Annual
Net income (loss)	`ProfitLoss`	$422.10M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.32B	USD	Annual
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$10.30M	USD	Annual
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$10.30M	USD	Annual
Amortization in interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$11.10M	USD	Annual
Compensation on equity grants	`ShareBasedCompensation`	$66.20M	USD	Annual
Compensation on equity grants	`ShareBasedCompensation`	$59.20M	USD	Annual
Compensation on equity grants	`ShareBasedCompensation`	$60.30M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$865.10M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$870.60M	USD	Annual
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$971.60M	USD	Annual
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$452.30M	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.44B	USD	Annual
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$2.44B	USD	1 Quarter
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$452.30M	USD	Annual
Impairment of long-lived assets	`ImpairmentOfLongLivedAssetsHeldForUse`	$225.30M	USD	Annual
(Gain) loss on sale or disposition of business and assets	`GainLossOnDispositionOfAssets1`	$-71.10M	USD	Annual
(Gain) loss on sale or disposition of business and assets	`GainLossOnDispositionOfAssets1`	$-2.00M	USD	Annual
(Gain) loss on sale or disposition of business and assets	`GainLossOnDispositionOfAssets1`	$-58.40M	USD	Annual
Write-downs of assets	`WriteDownsOfAsset`	$17.90M	USD	Annual
Write-downs of assets	`WriteDownsOfAsset`	$10.30M	USD	Annual
Write-downs of assets	`WriteDownsOfAsset`	$55.60M	USD	Annual
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$3.60M	USD	Annual
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$4.00M	USD	Annual
Accretion of asset retirement obligations	`AssetRetirementObligationAccretionExpense`	$4.70M	USD	Annual
Increase (decrease) in redemption value of mandatorily redeemable preferred interests	`MinorityInterestChangeInRedemptionValue`	$-13.60M	USD	Annual
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-232.70M	USD	Annual
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$12.10M	USD	Annual
Deferred income tax expense (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-87.90M	USD	Annual
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$72.60M	USD	Annual
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$39.00M	USD	Annual
Equity (earnings) loss of unconsolidated affiliates	`IncomeLossFromEquityMethodInvestments`	$-23.90M	USD	Annual
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$49.60M	USD	Annual
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$86.80M	USD	Annual
Distributions of earnings received from unconsolidated affiliates	`EquityMethodInvestmentDividendsOrDistributions`	$84.00M	USD	Annual
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-112.80M	USD	Annual
Risk management activities	`UnrealizedGainLossOnDerivatives`	$228.20M	USD	Annual
Risk management activities	`UnrealizedGainLossOnDerivatives`	$-116.00M	USD	Annual
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-16.60M	USD	Annual
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$-1.40M	USD	Annual
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$45.60M	USD	Annual
(Gain) loss from financing activities	`GainLossOnRepurchaseOfDebtInstrument`	$61.10M	USD	2 Qtrs
(Gain) loss from sale of equity-method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$69.30M	USD	Annual
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$100.00K	USD	Annual
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$8.70M	USD	Annual
Change in contingent considerations	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-300.00K	USD	Annual
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$25.60M	USD	Annual
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$24.70M	USD	Annual
Receivables and other assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$392.40M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$27.70M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$45.00M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-40.60M	USD	Annual
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$105.70M	USD	Annual
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$551.70M	USD	Annual
Accounts payable, accrued liabilities and other liabilities	`IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities`	$35.00M	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$6.90M	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$45.80M	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$5.90M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.39B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.74B	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.30B	USD	Annual
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$505.10M	USD	Annual
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.88B	USD	Annual
Outlays for property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$951.60M	USD	Annual
Proceeds from sale of business and assets	`ProceedsFromSaleOfProductiveAssets`	$12.20M	USD	Annual
Proceeds from sale of business and assets	`ProceedsFromSaleOfProductiveAssets`	$14.80M	USD	Annual
Proceeds from sale of business and assets	`ProceedsFromSaleOfProductiveAssets`	$198.70M	USD	Annual
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$2.70M	USD	Annual
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$600.00K	USD	Annual
Investments in unconsolidated affiliates	`PaymentsForAdvanceToAffiliate`	$266.80M	USD	Annual
Proceeds from sale of equity-method investment	`ProceedsFromSaleOfEquityMethodInvestments`	$70.30M	USD	Annual
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$13.20M	USD	Annual
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$20.20M	USD	Annual
Return of capital from unconsolidated affiliates	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$3.50M	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-100.00K	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-4.30M	USD	Annual
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$15.90M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-738.10M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.07B	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-473.20M	USD	Annual
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$620.00M	USD	Annual
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$2.19B	USD	Annual
Proceeds from borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$3.10B	USD	Annual
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$1.79B	USD	Annual
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$3.80B	USD	Annual
Repayments of credit facilities	`RepaymentsOfLinesOfCredit`	$1.46B	USD	Annual
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$576.40M	USD	Annual
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$944.20M	USD	Annual
Proceeds from borrowings under accounts receivable securitization facility	`ProceedsFromAccountsReceivableSecuritization`	$630.00M	USD	Annual
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$830.00M	USD	Annual
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$854.20M	USD	Annual
Repayments of accounts receivable securitization facility	`RepaymentsOfAccountsReceivableSecuritization`	$596.40M	USD	Annual
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.00B	USD	Annual
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.00B	USD	Annual
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$2.50B	USD	Annual
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$1.39B	USD	Annual
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$749.40M	USD	Annual
Redemption of senior notes	`RepaymentsOfSeniorDebt`	$1.13B	USD	Annual
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$11.50M	USD	Annual
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$12.50M	USD	Annual
Principal payments of finance leases	`FinanceLeasePrincipalPayments`	$12.40M	USD	Annual
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$9.90M	USD	Annual
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$35.50M	USD	Annual
Costs incurred in connection with financing arrangements	`PaymentOfFinancingAndStockIssuanceCosts`	$9.60M	USD	Annual
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$317.10M	USD	Annual
Repurchase of shares and units	`PaymentsForRepurchaseOfEquity`	$53.20M	USD	Annual
Repurchase of shares and units	`PaymentsForRepurchaseOfEquity`	$13.90M	USD	Annual
Repurchase of shares and units	`PaymentsForRepurchaseOfEquity`	$97.40M	USD	Annual
Sale of ownership interests in subsidiaries	`ProceedsFromSaleOfOwnershipInterestsInSubsidiaries`	$1.62B	USD	Annual
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$15.80M	USD	Annual
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$41.50M	USD	Annual
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$555.30M	USD	Annual
Redemption of Preferred Units	`RedemptionOfPreferredUnits`	$125.00M	USD	Annual
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$500.00M	USD	Annual
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$439.20M	USD	Annual
Distributions to noncontrolling interests	`PaymentsOfDividendsToNoncontrollingInterests`	$191.70M	USD	Annual
Partial repurchase of Series A Preferred Stock	`PartialRepurchaseOfSeriesAPreferredStock`	$45.80M	USD	Annual
Distributions to Partnership unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$11.30M	USD	Annual
Distributions to Partnership unitholders	`DistributionMadeToLimitedPartnerCashDistributionsPaid`	$11.70M	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`	$384.20M	USD	Annual
Dividends paid to common and Series A Preferred shareholders	`PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders`	$953.50M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.78B	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.09B	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.91B	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$99.00M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-84.30M	USD	Annual
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-88.30M	USD	Annual
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$232.10M	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`	$331.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$232.10M	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`	$331.10M	USD	Point-in-time

Stockholders Equity 54 line items

Line Item	Tag	Value	Unit	Period
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$95.00	USD	Annual
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$95.00	USD	Annual
Preferred stock dividends, per share	`PreferredStockDividendsPerShareDeclared`	$95.00	USD	Annual
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$0.40	USD	Annual
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$1.21	USD	Annual
Common stock dividends, per share	`CommonStockDividendsPerShareDeclared`	$3.64	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.47B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$66.20M	USD	Annual
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$59.20M	USD	Annual
Compensation on equity grants	`StockGrantedDuringPeriodValueSharebasedCompensationGross`	$60.30M	USD	Annual
Distribution equivalent rights	`DistributionEquivalentRights`	$14.20M	USD	Annual
Distribution equivalent rights	`DistributionEquivalentRights`	$5.40M	USD	Annual
Distribution equivalent rights	`DistributionEquivalentRights`	$3.10M	USD	Annual
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$5.90M	USD	Annual
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$13.20M	USD	Annual
Shares and units tendered for tax withholding obligations	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$13.90M	USD	Annual
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$40.00M	USD	Annual
Repurchases of common stock	`StockRepurchasedDuringPeriodValue`	$91.50M	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$91.70M	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$87.30M	USD	Annual
Preferred stock dividends	`DividendsPreferredStock`	$91.70M	USD	Annual
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$33.10M	USD	Annual
Deemed dividends - accretion of beneficial conversion feature	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature`	$37.60M	USD	Annual
Deemed dividends - accretion of beneficial conversion feature / partial repurchase of Series A Preferred Stock	`DeemedPreferredStockDividendAccretionOfBeneficialConversionFeatureAndRepurchaseOfPreferredStock`	$39.20M	USD	Annual
Common stock dividends	`DividendsCommonStock`	$846.80M	USD	Annual
Common stock dividends	`DividendsCommonStock`	$91.50M	USD	Annual
Common stock dividends	`DividendsCommonStock`	$282.00M	USD	Annual
Partial repurchase of Series A Preferred Stock	`AdjustmentsToAdditionalPaidInCapitalPartialRepurchasePreferredStock`	$-29.20M	USD	Annual
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$570.70M	USD	Annual
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$294.70M	USD	Annual
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$449.10M	USD	Annual
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$41.50M	USD	Annual
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$555.30M	USD	Annual
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$15.80M	USD	Annual
Sale of ownership interests in subsidiaries, net	`NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest`	$1.61B	USD	Annual
Non-cash allocation to noncontrolling interests	`NonCashAllocationToNoncontrollingInterests`	$27.50M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-89.10M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-1.80M	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLoss`	$-234.30M	USD	Annual
Net income (loss)	`ProfitLoss`	$41.20M	USD	Annual
Net income (loss)	`ProfitLoss`	$422.10M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.32B	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.47B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time
Non-cash allocation to noncontrolling interests	`NonCashAllocationToNoncontrollingInterests`	$27.50M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.90B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.47B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.18B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.44B	USD	Point-in-time

Comprehensive Income 21 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$41.20M	USD	Annual
Net income (loss)	`ProfitLoss`	$422.10M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.32B	USD	Annual
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-2.40M	USD	Annual
Other comprehensive income (loss), pre-tax	`OtherComprehensiveIncomeLossBeforeTax`	$-309.10M	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`	$-74.80M	USD	Annual
Other comprehensive income (loss), related income tax	`OtherComprehensiveIncomeLossTax`	$-600.00K	USD	Annual
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-89.10M	USD	Annual
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-1.80M	USD	Annual
Other comprehensive income (loss), after tax	`OtherComprehensiveIncomeLossNetOfTax`	$-234.30M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$333.00M	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.56B	USD	Annual
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$39.40M	USD	Annual
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$350.90M	USD	Annual
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$250.40M	USD	Annual
Less: Comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$228.90M	USD	Annual
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-1.79B	USD	Annual
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-17.90M	USD	Annual
Comprehensive income (loss) attributable to Targa Resources Corp.	`ComprehensiveIncomeNetOfTax`	$-211.00M	USD	Annual

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