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Earnings per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Earnings Per Share [Abstract]        
Net income (loss) attributable to Targa Resources Corp. $ 298.5 $ 329.3 $ 573.7 $ 826.3
Less: Premium on repurchase of noncontrolling interests, net of tax [1]       490.7
Net income (loss) attributable to common shareholders 298.5 329.3 573.7 335.6
Less: Participating share-based earnings [2] 2.3 3.6 4.5 2.8
Net income (loss) allocated to common shareholders for basic earnings per share $ 296.2 $ 325.7 $ 569.2 $ 332.8
Weighted average shares outstanding - basic 221.0 225.6 221.9 226.0
Dilutive effect of unvested stock awards 0.9 1.2 1.0 1.3
Weighted average shares outstanding - diluted (in shares) 221.9 226.8 222.9 227.3
Net income (loss) per common share - basic $ 1.34 $ 1.44 $ 2.56 $ 1.47
Net income (loss) per common share - diluted $ 1.33 $ 1.44 $ 2.55 $ 1.46
[1] Represents premium paid on the Grand Prix Transaction. See Note 4 – Joint Ventures and Acquisitions.
[2] Represents the distributed and undistributed earnings of the Company attributable to the participating securities. The dilutive effect of the reallocation of participating securities to diluted net income attributable to common shareholders was immaterial.