XML 148 R129.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Parent Only Financial Statements, Condensed Statements of Operations and Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CONDENSED STATEMENT OF OPERATIONS [Abstract]      
Equity in net income (loss) of consolidated subsidiaries $ 72.6 $ 39.0 $ 7.3
General and administrative expense (254.6) (280.7) (256.9)
Income (loss) from operations (1,303.7) 192.9 237.5
Other income (expense):      
Income (loss) before income taxes (1,573.1) (46.7) 65.9
Deferred income tax (expense) benefit 232.7 87.9 (5.5)
Net income (loss) attributable to Targa Resources Corp. (1,553.9) (209.2) 1.6
Comprehensive income (loss) attributable to Targa Resources Corp. (1,788.2) (211.0) 131.0
Dividends on Series A Preferred Stock 91.7 91.7 91.7
Deemed dividends on Series A Preferred Stock 39.2 33.1 29.2
Net income (loss) attributable to common shareholders (1,684.8) (334.0) (119.3)
Parent Company [Member]      
CONDENSED STATEMENT OF OPERATIONS [Abstract]      
Equity in net income (loss) of consolidated subsidiaries (1,534.9) (186.2) 27.4
General and administrative expense (12.4) (13.1) (16.1)
Income (loss) from operations (1,547.3) (199.3) 11.3
Other income (expense):      
Loss on debt extinguishment     (0.7)
Interest expense (12.5) (17.0) (15.8)
Income (loss) before income taxes (1,559.8) (216.3) (5.2)
Deferred income tax (expense) benefit 5.9 7.1 6.8
Net income (loss) attributable to Targa Resources Corp. (1,553.9) (209.2) 1.6
Other comprehensive income (loss) (234.3) (1.8) 129.4
Comprehensive income (loss) attributable to Targa Resources Corp. (1,788.2) (211.0) 131.0
Dividends on Series A Preferred Stock 91.7 91.7 91.7
Deemed dividends on Series A Preferred Stock 39.2 33.1 29.2
Net income (loss) attributable to common shareholders $ (1,684.8) $ (334.0) $ (119.3)