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Earnings per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Earnings Per Common Share [Line Items]      
Net income (loss) attributable to Targa Resources Corp. $ (1,553.9) $ (209.2) $ 1.6
Less: 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)
Weighted average shares outstanding - basic (in shares) 232.2 232.5 224.2
Weighted average shares outstanding - diluted (in shares) 232.2 232.5 224.2
Net income (loss) available per common share - basic and diluted(in dollars per share) $ (7.26) $ (1.44) $ (0.53)
Series A Preferred Stock [Member]      
Earnings Per Common Share [Line Items]      
Less: Dividends on Series A Preferred Stock [1] $ 91.7 $ 91.7 $ 91.7
Less: Deemed dividends on Series A Preferred Stock [2] $ 39.2 $ 33.1 $ 29.2
[1] Includes $1.1 million attributable to the dividends paid upon the partial repurchase of Series A Preferred Stock in December 2020.
[2] Includes $1.6 million attributable to the partial repurchase of Series A Preferred Stock in December 2020. Refer to Note 11 – Preferred Stock.