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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 127.2 $ 141.7
Trade receivables, net of allowances of $2.5 million and $2.5 million at September 30, 2024 and December 31, 2023 1,301.2 1,471.0
Inventories 414.9 371.5
Assets from risk management activities 75.0 111.9
Other current assets 109.9 98.5
Total current assets 2,028.2 2,194.6
Property, plant and equipment, net 17,425.2 15,806.4
Intangible assets, net 2,070.7 2,350.6
Long-term assets from risk management activities 35.3 33.3
Investments in unconsolidated affiliates 177.3 146.3
Other long-term assets 167.1 140.6
Total assets 21,903.8 20,671.8
Current liabilities:    
Accounts payable 1,467.9 1,574.9
Accrued liabilities 320.7 281.7
Interest payable 113.2 229.6
Liabilities from risk management activities 72.2 54.0
Current debt obligations 653.3 620.7
Total current liabilities 2,627.3 2,760.9
Long-term debt 13,601.4 12,333.2
Long-term liabilities from risk management activities 82.9 16.8
Deferred income taxes, net 793.7 535.8
Other long-term liabilities 340.0 415.1
Contingencies (see Note 12) 0.0 0.0
Targa Resources Corp. stockholders' equity:    
Common Stock ($0.001 par value, 450,000,000 shares authorized as of September 30, 2024 and December 31, 2023) 0.2 0.2
Additional paid-in capital 3,106.2 3,058.8
Retained earnings (deficit) 1,004.7 492.0
Accumulated other comprehensive income (loss) 65.1 85.6
Treasury stock, at cost (23,369,353 shares as of September 30, 2024 and 17,484,440 shares as of December 31, 2023) (1,602.3) (896.9)
Total Targa Resources Corp. stockholders' equity 2,573.9 2,739.7
Noncontrolling interests 1,884.6 1,870.3
Total owners' equity 4,458.5 4,610.0
Total liabilities and owners' equity $ 21,903.8 $ 20,671.8