$TRGP
Targa Resources Corp. Stock $trgp

$trgp Overview Financials Valuation SEC Filings Company Website

2023 Q1 Form 10-K Financial Statement

#000095017023003797 Filed on February 22, 2023

Income Statement

Concept	2023 Q1	2022 Q4	2022
Revenue	$4.521B	$4.555B	$20.93B
YoY Change	-8.84%	-16.3%	23.48%
Cost Of Revenue	$3.019B	$3.324B	$16.88B
YoY Change	-28.19%	-27.25%	22.96%
Gross Profit	$1.502B	$1.231B	$4.048B
YoY Change	98.87%	41.13%	25.69%
Gross Profit Margin	33.22%	27.02%	19.34%
Selling, General & Admin	$82.40M	$92.50M	$327.4M
YoY Change	22.8%	14.48%	14.72%
% of Gross Profit	5.49%	7.52%	8.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$324.8M	$329.8M	$1.096B
YoY Change	55.33%	50.11%	25.89%
% of Gross Profit	21.63%	26.8%	27.08%
Operating Expenses	$664.8M	$679.1M	$2.319B
YoY Change	44.77%	32.84%	22.61%
Operating Profit	$836.7M	$551.4M	$1.729B
YoY Change	182.86%	52.87%	30.06%
Interest Expense	-$168.0M	-$145.2M	-$446.1M
YoY Change	79.49%	-12.79%	15.0%
% of Operating Profit	-20.08%	-26.33%	-25.8%
Other Income/Expense, Net	-$3.000M	-$500.0K	$0.00
YoY Change	500.0%	-350.0%	-100.0%
Pretax Income	$665.5M	$405.7M	$1.663B
YoY Change	247.52%	-257.31%	280.68%
Income Tax	$110.3M	$9.800M	$131.8M
% Of Pretax Income	16.57%	2.42%	7.92%
Net Earnings	$497.0M	$317.9M	$1.196B
YoY Change	464.77%	-201.37%	1579.07%
Net Earnings / Revenue	10.99%	6.98%	5.71%
Basic Earnings Per Share	$0.03		$3.95
Diluted Earnings Per Share	$0.03	$1.38	$3.88
COMMON SHARES
Basic Shares Outstanding	226.6M	226.4M	227.3M
Diluted Shares Outstanding	229.3M		231.1M

Balance Sheet

Concept	2023 Q1	2022 Q4	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$211.8M	$219.0M	$219.0M
YoY Change	55.85%	38.17%	38.17%
Cash & Equivalents	$211.8M	$219.0M	$219.0M
Short-Term Investments
Other Short-Term Assets	$100.9M	$155.5M	$335.4M
YoY Change	1.0%	87.58%	166.19%
Inventory	$156.2M	$393.8M	$393.8M
Prepaid Expenses
Receivables	$1.023B	$1.408B	$1.408B
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.639B	$2.357B	$2.357B
YoY Change	-13.77%	33.16%	33.16%
LONG-TERM ASSETS
Property, Plant & Equipment	$14.47B	$14.21B	$14.21B
YoY Change	24.17%	21.83%	21.3%
Goodwill		$45.20M
YoY Change		0.0%
Intangibles
YoY Change
Long-Term Investments	$134.7M	$131.3M	$131.3M
YoY Change	-76.77%	-77.61%	-77.61%
Other Assets	$107.2M	$98.40M	$77.70M
YoY Change	12.49%	20.44%	-1277.27%
Total Long-Term Assets	$17.39B	$17.20B	$17.20B
YoY Change	29.8%	28.02%	28.02%
TOTAL ASSETS
Total Short-Term Assets	$1.639B	$2.357B	$2.357B
Total Long-Term Assets	$17.39B	$17.20B	$17.20B
Total Assets	$19.03B	$19.56B	$19.56B
YoY Change	24.39%	28.61%	28.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.255B	$1.449B	$1.449B
YoY Change	-30.4%	3.32%	3.32%
Accrued Expenses	$188.6M	$273.3M	$447.3M
YoY Change	-31.91%	0.4%	8.91%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$739.0M	$834.3M	$834.3M
YoY Change	160.39%	412.47%	412.47%
Total Short-Term Liabilities	$2.467B	$3.067B	$3.067B
YoY Change	-15.25%	33.42%	33.42%
LONG-TERM LIABILITIES
Long-Term Debt	$11.44B	$10.70B	$10.70B
YoY Change	64.25%	66.33%	66.33%
Other Long-Term Liabilities	$346.4M	$341.2M	$481.3M
YoY Change	-38.7%	13.13%	17.13%
Total Long-Term Liabilities	$346.4M	$341.2M	$11.18B
YoY Change	-95.4%	13.13%	63.37%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.467B	$3.067B	$3.067B
Total Long-Term Liabilities	$346.4M	$341.2M	$11.18B
Total Liabilities	$2.813B	$3.408B	$16.89B
YoY Change	-78.11%	31.07%	35.73%
SHAREHOLDERS EQUITY
Retained Earnings	-$129.8M	-$626.8M
YoY Change		-65.6%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$550.5M	$464.7M
YoY Change		127.68%
Treasury Stock Shares	$13.07M	$11.90M
Shareholders Equity	$2.551B	$2.666B	$2.666B
YoY Change
Total Liabilities & Shareholders Equity	$19.03B	$19.56B	$19.56B
YoY Change	24.39%	28.61%	28.61%

Cashflow Statement

Concept	2023 Q1	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	$497.0M	$317.9M	$1.196B
YoY Change	464.77%	-201.37%	1579.07%
Depreciation, Depletion And Amortization	$324.8M	$329.8M	$1.096B
YoY Change	55.33%	50.11%	25.89%
Cash From Operating Activities	$1.170B	$537.5M	$2.381B
YoY Change	56.35%	6.63%	3.38%
INVESTING ACTIVITIES
Capital Expenditures	$475.7M	$520.4M	$1.334B
YoY Change	132.73%	-383.6%	164.17%
Acquisitions			$3.504B
YoY Change
Other Investing Activities	$300.0K	$18.30M	$1.600M
YoY Change	-95.95%	84.85%	-1700.0%
Cash From Investing Activities	-$480.8M	-$502.1M	-$4.150B
YoY Change	144.06%	189.23%	776.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-696.2M	-9.300M	1.829B
YoY Change	21.33%	-97.68%	-195.58%
NET CHANGE
Cash From Operating Activities	1.170B	537.5M	2.381B
Cash From Investing Activities	-480.8M	-502.1M	-4.150B
Cash From Financing Activities	-696.2M	-9.300M	1.829B
Net Change In Cash	-7.200M	26.10M	60.50M
YoY Change	-68.14%	-137.23%	-171.77%
FREE CASH FLOW
Cash From Operating Activities	$1.170B	$537.5M	$2.381B
Capital Expenditures	$475.7M	$520.4M	$1.334B
Free Cash Flow	$694.1M	$17.10M	$1.047B
YoY Change	27.64%	-97.51%	-41.79%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
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CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity File Number EntityFileNumber	001-34991
CY2022	dei	Entity Registrant Name EntityRegistrantName	TARGA RESOURCES CORP.
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2022	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	20-3701075
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	811 Louisiana Street
CY2022	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 2100
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	Houston
CY2022	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	77002
CY2022	dei	City Area Code CityAreaCode	713
CY2022	dei	Local Phone Number LocalPhoneNumber	584-1000
CY2022	dei	Security12b Title Security12bTitle	Common Stock
CY2022	dei	Trading Symbol TradingSymbol	TRGP
CY2022	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2022	dei	Entity Small Business EntitySmallBusiness	false
CY2022	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
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CY2022	dei	Auditor Firm AuditorFirmId	238
CY2022	dei	Auditor Name AuditorName	PricewaterhouseCoopers LLP
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CY2021Q4	us-gaap	Treasury Stock Value TreasuryStockValue	204100000
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	2665700000
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	2011800000
CY2022Q4	us-gaap	Minority Interest MinorityInterest	2316500000
CY2021Q4	us-gaap	Minority Interest MinorityInterest	3166900000
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4982200000
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5178700000
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	19560000000.0
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	15208200000
CY2022	us-gaap	Revenues Revenues	20929800000
CY2021	us-gaap	Revenues Revenues	16949800000
CY2020	us-gaap	Revenues Revenues	8260300000
CY2022	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	16882100000
CY2021	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	13729500000
CY2020	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	5186500000
CY2020	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	698400000
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1096000000.0
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	870600000
CY2020	trgp	Deemed Preferred Stock Dividend DeemedPreferredStockDividend	39200000
CY2022	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	896800000
CY2021	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-16100000
CY2020	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	865100000
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	309700000
CY2021	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	273200000
CY2020	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	254600000
CY2021	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	452300000
CY2020	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	2442800000
CY2022	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-200000
CY2021	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-12400000
CY2020	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-116600000
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	1729000000.0
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	864800000
CY2020	us-gaap	Operating Income Loss OperatingIncomeLoss	-1303700000
CY2022	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-446100000
CY2021	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-387900000
CY2020	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-391300000
CY2022	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	9100000
CY2021	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-23900000
CY2020	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	72600000
CY2022	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-49600000
CY2021	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-16600000
CY2020	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	45600000
CY2022	us-gaap	Equity Method Investment Realized Gain Loss On Disposal EquityMethodInvestmentRealizedGainLossOnDisposal	435900000
CY2022	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-15100000
CY2021	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	500000
CY2020	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	3700000
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1663200000
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	436900000
CY2020	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1573100000
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	131800000
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14800000
CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-248100000
CY2022	us-gaap	Profit Loss ProfitLoss	1531400000
CY2021	us-gaap	Profit Loss ProfitLoss	422100000
CY2020	us-gaap	Profit Loss ProfitLoss	-1325000000.0
CY2022	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	335900000
CY2021	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	350900000
CY2020	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	228900000
CY2022	us-gaap	Net Income Loss NetIncomeLoss	1195500000
CY2021	us-gaap	Net Income Loss NetIncomeLoss	71200000
CY2020	us-gaap	Net Income Loss NetIncomeLoss	-1553900000
CY2022	trgp	Premium On Repurchase Of Noncontrolling Interests Net Of Tax PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax	53200000
CY2022	us-gaap	Dividends Preferred Stock DividendsPreferredStock	30000000.0
CY2021	us-gaap	Dividends Preferred Stock DividendsPreferredStock	87300000
CY2020	us-gaap	Dividends Preferred Stock DividendsPreferredStock	91700000
CY2022	trgp	Deemed Preferred Stock Dividend DeemedPreferredStockDividend	215500000
CY2020	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1684800000
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.95
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.07
CY2020	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-7.26
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.88
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5903200000
CY2021	us-gaap	Stock Granted During Period Value Sharebased Compensation Gross StockGrantedDuringPeriodValueSharebasedCompensationGross	59200000
CY2021	trgp	Distribution Equivalent Rights DistributionEquivalentRights	3100000
CY2021	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	13200000
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.07
CY2020	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-7.26
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	227300000
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	228600000
CY2020	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	232200000
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	231100000
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	228600000
CY2020	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	232200000
CY2022	us-gaap	Profit Loss ProfitLoss	1531400000
CY2021	us-gaap	Profit Loss ProfitLoss	422100000
CY2020	us-gaap	Profit Loss ProfitLoss	-1325000000.0
CY2022	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	367400000
CY2022	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	81800000
CY2022	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	285600000
CY2021	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	-117300000
CY2021	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-28200000
CY2021	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-89100000
CY2020	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	-309100000
CY2020	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	-74800000
CY2020	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-234300000
CY2022	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	1817000000.0
CY2021	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	333000000.0
CY2020	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-1559300000
CY2022	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	335900000
CY2021	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	350900000
CY2020	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	228900000
CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1481100000
CY2021	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-17900000
CY2020	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1788200000
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8442900000
CY2020	us-gaap	Stock Granted During Period Value Sharebased Compensation Gross StockGrantedDuringPeriodValueSharebasedCompensationGross	66200000
CY2020	trgp	Distribution Equivalent Rights DistributionEquivalentRights	5400000
CY2020	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	5900000
CY2020	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	91500000
CY2020	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	95.00
CY2020	us-gaap	Dividends Preferred Stock DividendsPreferredStock	91700000
CY2020	trgp	Deemed Preferred Stock Dividend Accretion Of Beneficial Conversion Feature And Repurchase Of Preferred Stock DeemedPreferredStockDividendAccretionOfBeneficialConversionFeatureAndRepurchaseOfPreferredStock	39200000
CY2020	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.21
CY2020	us-gaap	Dividends Common Stock DividendsCommonStock	282000000.0
CY2020	trgp	Adjustments To Additional Paid In Capital Partial Repurchase Preferred Stock AdjustmentsToAdditionalPaidInCapitalPartialRepurchasePreferredStock	-29200000
CY2020	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	570700000
CY2020	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	41500000
CY2020	trgp	Non Cash Allocation To Noncontrolling Interests NonCashAllocationToNoncontrollingInterests	27500000
CY2020	trgp	Other Comprehensive Income Loss OtherComprehensiveIncomeLoss	-234300000
CY2020	us-gaap	Profit Loss ProfitLoss	-1325000000.0
CY2021	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	40000000.0
CY2021	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	95.00
CY2021	us-gaap	Dividends Preferred Stock DividendsPreferredStock	87300000
CY2021	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.40
CY2021	us-gaap	Dividends Common Stock DividendsCommonStock	91500000
CY2021	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	449100000
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	12100000
CY2020	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-232700000
CY2022	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	9100000
CY2021	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-23900000
CY2021	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	15800000
CY2021	trgp	Other Comprehensive Income Loss OtherComprehensiveIncomeLoss	-89100000
CY2021	us-gaap	Profit Loss ProfitLoss	422100000
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5178700000
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5178700000
CY2022	us-gaap	Stock Granted During Period Value Sharebased Compensation Gross StockGrantedDuringPeriodValueSharebasedCompensationGross	57500000
CY2022	trgp	Distribution Equivalent Rights DistributionEquivalentRights	7100000
CY2022	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	35800000
CY2022	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	224800000
CY2022	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	47.50
CY2022	us-gaap	Dividends Preferred Stock DividendsPreferredStock	30000000.0
CY2022	trgp	Deemed Preferred Stock Dividend Accretion Of Beneficial Conversion Feature DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature	215500000
CY2022	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.40
CY2022	us-gaap	Dividends Common Stock DividendsCommonStock	318300000
CY2022	trgp	Redemption Of Preferred Stock Value RedemptionOfPreferredStockValue	-749700000
CY2022	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	354500000
CY2022	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	26100000
CY2022	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	-911100000
CY2022	trgp	Other Comprehensive Income Loss OtherComprehensiveIncomeLoss	285600000
CY2022	us-gaap	Profit Loss ProfitLoss	1531400000
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4982200000
CY2022	us-gaap	Profit Loss ProfitLoss	1531400000
CY2021	us-gaap	Profit Loss ProfitLoss	422100000
CY2020	us-gaap	Profit Loss ProfitLoss	-1325000000.0
CY2022	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	10500000
CY2021	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	10300000
CY2020	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	11100000
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	57500000
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	59200000
CY2020	us-gaap	Share Based Compensation ShareBasedCompensation	66200000
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1096000000.0
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	870600000
CY2020	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	865100000
CY2021	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	452300000
CY2020	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	2442800000
CY2022	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	9600000
CY2021	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-2000000.0
CY2020	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-58400000
CY2022	trgp	Write Downs Of Asset WriteDownsOfAsset	9800000
CY2021	trgp	Write Downs Of Asset WriteDownsOfAsset	10300000
CY2020	trgp	Write Downs Of Asset WriteDownsOfAsset	55600000
CY2022	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	4800000
CY2021	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	4000000.0
CY2020	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	3600000
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	125100000
CY2020	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	72600000
CY2022	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	5845000000.0
CY2022	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	12200000
CY2021	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	84000000.0
CY2020	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	86800000
CY2022	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-302500000
CY2021	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-116000000.0
CY2020	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	228200000
CY2022	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-49600000
CY2021	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-16600000
CY2020	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	45600000
CY2022	us-gaap	Equity Method Investment Realized Gain Loss On Disposal EquityMethodInvestmentRealizedGainLossOnDisposal	435900000
CY2021	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	100000
CY2020	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	-300000
CY2022	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	-219700000
CY2021	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	392400000
CY2020	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	25600000
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	236200000
CY2021	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-40600000
CY2020	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	27700000
CY2022	trgp	Increase Decrease In Account Payable Accrued Liabilities And Other Liabilities IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities	-383000000.0
CY2021	trgp	Increase Decrease In Account Payable Accrued Liabilities And Other Liabilities IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities	565300000
CY2020	trgp	Increase Decrease In Account Payable Accrued Liabilities And Other Liabilities IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities	105700000
CY2022	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	35500000
CY2021	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	5900000
CY2020	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	6900000
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2380800000
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2302900000
CY2020	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1744500000
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1334300000
CY2021	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	505100000
CY2020	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	951600000
CY2022	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	3503900000
CY2022	us-gaap	Payments To Acquire Business Two Net Of Cash Acquired PaymentsToAcquireBusinessTwoNetOfCashAcquired	205200000
CY2022	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	23000000.0
CY2021	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	12200000
CY2020	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	198700000
CY2022	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	1500000
CY2021	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	600000
CY2020	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	2700000
CY2022	us-gaap	Proceeds From Sale Of Equity Method Investments ProceedsFromSaleOfEquityMethodInvestments	857000000.0
CY2022	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	16800000
CY2021	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	20200000
CY2020	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	13200000
CY2022	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	1600000
CY2021	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-100000
CY2020	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-4300000
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4149700000
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-473200000
CY2021	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	620000000.0
CY2020	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-738100000
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	60500000
CY2020	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	2195000000.0
CY2022	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	5555000000.0
CY2021	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1455000000.0
CY2020	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1795000000.0
CY2022	trgp	Proceeds From Borrowings Of Commercial Paper Notes ProceedsFromBorrowingsOfCommercialPaperNotes	30504300000
CY2022	us-gaap	Repayments Of Commercial Paper RepaymentsOfCommercialPaper	29495600000
CY2022	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	1500000000.0
CY2022	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	1230000000.0
CY2021	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	630000000.0
CY2020	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	576400000
CY2022	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	580000000.0
CY2021	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	830000000.0
CY2020	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	596400000
CY2022	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	2741400000
CY2021	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	1000000000.0
CY2020	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	1000000000.0
CY2022	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	1473200000
CY2021	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	1132000000.0
CY2020	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	1390600000
CY2022	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	19700000
CY2021	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	12500000
CY2020	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	12400000
CY2022	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	45700000
CY2021	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	9600000
CY2020	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	9900000
CY2022	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	260600000
CY2021	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	53200000
CY2020	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	97400000
CY2022	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	26100000
CY2021	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	15800000
CY2020	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	41500000
CY2020	trgp	Redemption Of Preferred Units RedemptionOfPreferredUnits	125000000.0
CY2022	trgp	Payments Of Dividends To Noncontrolling Interests PaymentsOfDividendsToNoncontrollingInterests	316400000
CY2021	trgp	Payments Of Dividends To Noncontrolling Interests PaymentsOfDividendsToNoncontrollingInterests	500000000.0
CY2020	trgp	Payments Of Dividends To Noncontrolling Interests PaymentsOfDividendsToNoncontrollingInterests	439200000
CY2022	us-gaap	Payments For Repurchase Of Redeemable Noncontrolling Interest PaymentsForRepurchaseOfRedeemableNoncontrollingInterest	926300000
CY2022	trgp	Redemption Of Series A Preferred Stock RedemptionOfSeriesAPreferredStock	965200000
CY2020	trgp	Partial Repurchase Of Series A Preferred Stock PartialRepurchaseOfSeriesAPreferredStock	45800000
CY2020	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	11700000
CY2022	trgp	Payments Of Ordinary Dividends Common And Preferred Shareholders PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders	379700000
CY2021	trgp	Payments Of Ordinary Dividends Common And Preferred Shareholders PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders	187500000
CY2020	trgp	Payments Of Ordinary Dividends Common And Preferred Shareholders PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders	384200000
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1829400000
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1914000000.0
CY2020	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1094700000
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-84300000
CY2020	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-88300000
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	158500000
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	242800000
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	331100000
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	219000000.0
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	158500000
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	242800000
CY2022	us-gaap	Nature Of Operations NatureOfOperations	<p id="note_1_organization_operations" style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">Note 1 — Organizati</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">on and Operations</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Times New Roman", serif;font-style:italic;min-width:fit-content;">Our Organization</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">Targa Resources Corp. (NYSE: TRGP) owns, operates, acquires, and develops a diversified portfolio of complementary domestic midstream infrastructure assets.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">In this Annual Report, unless the context requires otherwise, references to “we,” “us,” “our,” “the Company,” “Targa” or "TRGP" are intended to mean our consolidated business and operations. TRGP controls the general partner of and owns all of the outstanding common units representing limited partner interests in Targa Resources Partners LP, referred to herein as the “Partnership.” Targa consolidated the Partnership and its subsidiaries under GAAP, and prepared accompanying consolidated financial statements under the rules and regulations of the SEC. Targa’s consolidated financial statements include differences from the consolidated financial statements of the Partnership. The most noteworthy differences are:</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> </span></p><div style="margin-left:4.537%;text-indent:0.0%;display:flex;margin-top:0.0pt;justify-content:flex-start;align-items:baseline;margin-bottom:0.0pt;min-width:4.537%;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10.0pt;font-family:Times New Roman;justify-content:flex-start;min-width:4.752626672113803%;">•</span><div style="display:inline;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">the inclusion of the TRGP senior revolving credit facility and term loan facility;</span></div></div><div style="margin-left:4.537%;text-indent:0.0%;display:flex;margin-top:0.0pt;justify-content:flex-start;align-items:baseline;margin-bottom:0.0pt;min-width:4.537%;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10.0pt;font-family:Times New Roman;justify-content:flex-start;min-width:4.752626672113803%;">•</span><div style="display:inline;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">the inclusion of the TRGP senior notes;</span></div></div><div style="margin-left:4.537%;text-indent:0.0%;display:flex;margin-top:0.0pt;justify-content:flex-start;align-items:baseline;margin-bottom:0.0pt;min-width:4.537%;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10.0pt;font-family:Times New Roman;justify-content:flex-start;min-width:4.752626672113803%;">•</span><div style="display:inline;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">the inclusion of the TRGP commercial paper notes; </span></div></div><div style="margin-left:4.537%;text-indent:0.0%;display:flex;margin-top:0.0pt;justify-content:flex-start;align-items:baseline;margin-bottom:0.0pt;min-width:4.537%;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10.0pt;font-family:Times New Roman;justify-content:flex-start;min-width:4.752626672113803%;">•</span><div style="display:inline;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">the inclusion of Series A Preferred Stock (“Series A Preferred”) prior to full redemption in May 2022; and</span></div></div><div style="margin-left:4.537%;text-indent:0.0%;display:flex;margin-top:0.0pt;justify-content:flex-start;align-items:baseline;margin-bottom:0.0pt;min-width:4.537%;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10.0pt;font-family:Times New Roman;justify-content:flex-start;min-width:4.752626672113803%;">•</span><div style="display:inline;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">the impacts of TRGP’s treatment as a corporation for U.S. federal income tax purposes.</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Times New Roman", serif;font-style:italic;min-width:fit-content;"> </span></div></div><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Times New Roman", serif;font-style:italic;min-width:fit-content;">Our Operations</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">The Company is primarily engaged in the business of:</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> </span></p><div style="margin-left:4.537%;text-indent:0.0%;display:flex;margin-top:0.0pt;justify-content:flex-start;align-items:baseline;margin-bottom:0.0pt;min-width:4.537%;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10.0pt;font-family:Times New Roman;justify-content:flex-start;min-width:4.752626672113803%;">•</span><div style="display:inline;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas;</span></div></div><div style="margin-left:4.537%;text-indent:0.0%;display:flex;margin-top:0.0pt;justify-content:flex-start;align-items:baseline;margin-bottom:0.0pt;min-width:4.537%;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10.0pt;font-family:Times New Roman;justify-content:flex-start;min-width:4.752626672113803%;">•</span><div style="display:inline;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and</span></div></div><div style="margin-left:4.537%;text-indent:0.0%;display:flex;margin-top:0.0pt;justify-content:flex-start;align-items:baseline;margin-bottom:0.0pt;min-width:4.537%;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;text-indent:0;display:inline-flex;font-size:10.0pt;font-family:Times New Roman;justify-content:flex-start;min-width:4.752626672113803%;">•</span><div style="display:inline;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">gathering, storing, terminaling, and purchasing and selling crude oil.</span></div></div><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">See Note 24 – Segment Information for certain financial information regarding our business segments.</span></p>
CY2022	us-gaap	Use Of Estimates UseOfEstimates	<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:"Times New Roman", serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;"> </span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:"Times New Roman", serif;min-width:fit-content;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in these financial statements and accompanying notes. Estimates and judgments are based on information available at the time such estimates and judgments are made. Changes in facts and circumstances may result in revised estimates and actual results could differ materially from those estimates. Estimates and judgments are used in, among other things, (i) estimating unbilled revenues, product purchases and operating and general and administrative cost accruals, (ii) developing fair value assumptions, including estimates of future cash flows and discount rates, (iii) analyzing long-lived assets for possible impairment, (iv) estimating the useful lives of assets, (v) estimating contingencies, guarantees and indemnifications and (vi) estimating redemption value of mandatorily redeemable preferred interests.</span></p>
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	23913200000
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	20596100000
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	9698600000
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	8928400000
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	14214600000
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11667700000
CY2022Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	4379700000
CY2021Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	2642900000
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1645100000
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1548100000
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2734600000
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1094800000
CY2022	us-gaap	Depreciation Depreciation	853800000
CY2021	us-gaap	Depreciation Depreciation	739600000
CY2020	us-gaap	Depreciation Depreciation	721100000
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	242200000
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	131000000.0
CY2020	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	144000000.0
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	384000000.0
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	373200000
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	326000000.0
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	279800000
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	252200000
CY2022	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P12Y4M24D
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1094800000
CY2020Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1382400000
CY2022	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	1882000000.0
CY2021	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	156600000
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	242200000
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	131000000.0
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2734600000
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1094800000
CY2021Q4	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	452300000
CY2021Q4	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	295700000
CY2020Q1	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	2442800000
CY2020Q1	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	2234200000
CY2021Q4	trgp	Weighted Average Discount Rate Percentage WeightedAverageDiscountRatePercentage	0.095
CY2020Q4	trgp	Weighted Average Discount Rate Percentage WeightedAverageDiscountRatePercentage	0.140
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CY2021Q4	us-gaap	Goodwill Goodwill	45200000
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CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	34300000
CY2021Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	12800000
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CY2021Q4	trgp	Debt Current Net Of Issuance Cost DebtCurrentNetOfIssuanceCost	162800000
CY2022Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	10574700000
CY2021Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	6465700000
CY2022Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	65600000
CY2021Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	45000000.0
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	193000000.0
CY2021Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	13700000
CY2022Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	10702100000
CY2021Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	6434400000
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	11536400000
CY2021Q4	us-gaap	Long Term Debt LongTermDebt	6597200000
CY2022Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	33200000
CY2021Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	71300000
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	171800000
CY2022	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	7500000
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CY2020Q2	trgp	Debt Instrument Repurchased Amount Book Value DebtInstrumentRepurchasedAmountBookValue	303300000
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CY2021Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-14900000
CY2022	trgp	Interest And Debt Income Expense InterestAndDebtIncomeExpense	-49600000
CY2021	trgp	Interest And Debt Income Expense InterestAndDebtIncomeExpense	-16600000
CY2020	trgp	Interest And Debt Income Expense InterestAndDebtIncomeExpense	45600000
CY2022Q4	trgp	Debt Instrument Carrying Amount Net DebtInstrumentCarryingAmountNet	11374700000
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	800000000.0
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	0
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	1500000000.0
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	0
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	2752900000
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	6321800000
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	198800000
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	171800000
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	97900000
CY2021Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	72100000
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	28600000
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	34500000
CY2022Q4	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	15900000
CY2021Q4	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	23200000
CY2022Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	341200000
CY2021Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	301600000
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	198800000
CY2021	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	4000000.0
CY2021	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	3900000
CY2020	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	3800000
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	198800000
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	171800000
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	171800000
CY2020Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	168500000
CY2022	trgp	Contract With Customer Liability Increase From Cash Receipts ContractWithCustomerLiabilityIncreaseFromCashReceipts	34500000
CY2021	trgp	Contract With Customer Liability Increase From Cash Receipts ContractWithCustomerLiabilityIncreaseFromCashReceipts	7200000
CY2022	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	7500000
CY2021	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	3900000
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	198800000
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	171800000
CY2021Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	72100000
CY2020Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	68300000
CY2022	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	20200000
CY2022	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	4800000
CY2022	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	800000
CY2021	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	-200000
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	97900000
CY2021Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	72100000
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	57300000
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	50800000
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	266100000
CY2021Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	55600000
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	14400000
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	11700000
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	34300000
CY2021Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	12800000
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	28600000
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	34500000
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	193000000.0
CY2021Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	13700000
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	17700000
CY2021	us-gaap	Operating Lease Cost OperatingLeaseCost	12200000
CY2020	us-gaap	Operating Lease Cost OperatingLeaseCost	11600000
CY2022	us-gaap	Short Term Lease Cost ShortTermLeaseCost	35000000.0
CY2021	us-gaap	Short Term Lease Cost ShortTermLeaseCost	20400000
CY2020	us-gaap	Short Term Lease Cost ShortTermLeaseCost	20700000
CY2022	us-gaap	Variable Lease Cost VariableLeaseCost	17900000
CY2021	us-gaap	Variable Lease Cost VariableLeaseCost	5700000
CY2020	us-gaap	Variable Lease Cost VariableLeaseCost	5500000
CY2022	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	20300000
CY2021	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	13300000
CY2020	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	13600000
CY2022	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	3500000
CY2021	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	1100000
CY2020	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	1400000
CY2022	us-gaap	Lease Cost LeaseCost	94400000
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CY2020	us-gaap	Lease Cost LeaseCost	52800000
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CY2021	us-gaap	Operating Lease Payments OperatingLeasePayments	14100000
CY2020	us-gaap	Operating Lease Payments OperatingLeasePayments	12300000
CY2022	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	2700000
CY2021	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	1000000.0
CY2020	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	1400000
CY2022	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	19700000
CY2021	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	12500000
CY2020	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	12400000
CY2022Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y
CY2022Q4	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P7Y
CY2022Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.040
CY2022Q4	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.048
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	15700000
CY2022Q4	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	42500000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	9900000
CY2022Q4	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	38500000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	5200000
CY2022Q4	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	37100000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	4500000
CY2022Q4	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	35400000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	4000000.0
CY2022Q4	us-gaap	Finance Lease Liability Payments Due Year Five FinanceLeaseLiabilityPaymentsDueYearFive	30900000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	7800000
CY2022Q4	us-gaap	Finance Lease Liability Payments Due After Year Five FinanceLeaseLiabilityPaymentsDueAfterYearFive	80900000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	47100000
CY2022Q4	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	265300000
CY2022Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	4100000
CY2022Q4	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	38000000.0
CY2022Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	43000000.0
CY2022Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	227300000
CY2022	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	51800000
CY2021	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	87300000
CY2020	us-gaap	Preferred Stock Dividends Per Share Cash Paid PreferredStockDividendsPerShareCashPaid	23.75
CY2020	trgp	Deemed Preferred Stock Dividend DeemedPreferredStockDividend	39200000
CY2020Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	500000000.0
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CY2022	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	65.87
CY2022	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	224800000
CY2021	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	756478
CY2021	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	52.81
CY2021	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	40000000.0
CY2022Q4	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	143800000
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CY2021Q4	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.40
CY2022	us-gaap	Net Income Loss NetIncomeLoss	1195500000
CY2021	us-gaap	Net Income Loss NetIncomeLoss	71200000
CY2020	us-gaap	Net Income Loss NetIncomeLoss	-1553900000
CY2022	trgp	Premium On Repurchase Of Noncontrolling Interests Net Of Tax PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax	53200000
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-896800000
CY2021	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-16100000
CY2020	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1684800000
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CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	228600000
CY2020	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	232200000
CY2022	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3800000
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	231100000
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	228600000
CY2020	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	232200000
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.95
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.07
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CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.88
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.07
CY2020	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-7.26
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CY2022	us-gaap	Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet	373000000.0
CY2021	us-gaap	Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet	417300000
CY2020	us-gaap	Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet	-90800000
CY2022Q4	trgp	Loss Contingency Reduction Of Maximum Lossdue To Counterparty Credit Risk By Master Netting Provision LossContingencyReductionOfMaximumLossdueToCounterpartyCreditRiskByMasterNettingProvision	19100000
CY2022Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements Current DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent	179900000
CY2022Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements Current DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent	320100000
CY2021Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements Current DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent	43100000
CY2021Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements Current DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent	258200000
CY2022Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements Noncurrent DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent	24500000
CY2022Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements Noncurrent DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent	140100000
CY2021Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements Noncurrent DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent	7700000
CY2021Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements Noncurrent DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent	109300000
CY2022Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements DerivativeAssetBeforeEffectsOfMasterNettingArrangements	204400000
CY2022Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements DerivativeLiabilityBeforeEffectsOfMasterNettingArrangements	-460200000
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CY2021Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements DerivativeLiabilityBeforeEffectsOfMasterNettingArrangements	-367500000
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CY2022Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	7300000
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CY2022Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	204400000
CY2022Q4	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	460200000
CY2022Q4	trgp	Derivative Collateral Obligation Right To Return Reclaim Securities DerivativeCollateralObligationRightToReturnReclaimSecurities	34600000
CY2022Q4	us-gaap	Derivative Assets DerivativeAssets	52200000
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CY2021Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	214300000
CY2021Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	300000
CY2021Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	98800000
CY2021Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	50800000
CY2021Q4	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	367500000
CY2021Q4	trgp	Derivative Collateral Obligation Right To Return Reclaim Securities DerivativeCollateralObligationRightToReturnReclaimSecurities	8100000
CY2021Q4	us-gaap	Derivative Assets DerivativeAssets	4500000
CY2021Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	313100000
CY2022Q4	trgp	Derivative Collateral Amount DerivativeCollateralAmount	31400000
CY2022Q4	trgp	Price Risk Cash Flow Hedge Gain Loss Expected To Reclassify Into Earnings PriceRiskCashFlowHedgeGainLossExpectedToReclassifyIntoEarnings	-63400000
CY2022Q4	us-gaap	Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months	-70100000
CY2020	trgp	Write Downs Of Asset WriteDownsOfAsset	55600000
CY2022Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	255800000
CY2022Q4	trgp	Derivative Fair Value Of Asset Liability Net If Commodity Price Increases By10 Percent DerivativeFairValueOfAssetLiabilityNetIfCommodityPriceIncreasesBy10Percent	455300000
CY2022Q4	trgp	Derivative Fair Value Of Asset Liability Net If Commodity Price Decreases By10 Percent DerivativeFairValueOfAssetLiabilityNetIfCommodityPriceDecreasesBy10Percent	56300000
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CY2022	trgp	Number Of Derivative Contract Categorized As Level3 NumberOfDerivativeContractCategorizedAsLevel3	0
CY2021	us-gaap	Asset Impairment Charges AssetImpairmentCharges	452300000
CY2020	us-gaap	Asset Impairment Charges AssetImpairmentCharges	2442800000
CY2022	trgp	Cumulative Interest On Award CumulativeInterestOnAward	42600000
CY2022	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	9600000
CY2021	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-2000000.0
CY2020	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-58400000
CY2022	trgp	Write Downs Of Asset WriteDownsOfAsset	9800000
CY2021	trgp	Write Downs Of Asset WriteDownsOfAsset	10300000
CY2022	us-gaap	Other Expenses OtherExpenses	0
CY2021	us-gaap	Other Expenses OtherExpenses	100000
CY2020	us-gaap	Other Expenses OtherExpenses	2600000
CY2022	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-200000
CY2021	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-12400000
CY2020	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-116600000
CY2022	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	6700000
CY2021	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	2700000
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CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	125100000
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	12100000
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CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-248100000
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CY2021Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	1411300000
CY2022Q4	us-gaap	Deferred Tax Asset Interest Carryforward DeferredTaxAssetInterestCarryforward	10300000
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CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	36900000
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CY2021Q4	us-gaap	Deferred Tax Liabilities Investment In Noncontrolled Affiliates DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates	1323000000.0
CY2022Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	4200000
CY2021Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	4100000
CY2022Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	23400000
CY2021Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	9600000
CY2022Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	1869600000
CY2021Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	1336700000
CY2022Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	327700000
CY2021Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	136000000.0
CY2022Q4	trgp	Federal Deferred Tax Balance FederalDeferredTaxBalance	-290500000
CY2021Q4	trgp	Federal Deferred Tax Balance FederalDeferredTaxBalance	-106700000
CY2022Q4	trgp	State Deferred Tax Balance StateDeferredTaxBalance	-37200000
CY2021Q4	trgp	State Deferred Tax Balance StateDeferredTaxBalance	-29300000
CY2022Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	327700000
CY2021Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	136000000.0
CY2022	us-gaap	Income Tax Examination Description IncomeTaxExaminationDescription	On October 6, 2021 and April 7, 2022, we received notice from the IRS that it intends to audit three direct and indirectly wholly-owned subsidiaries of the Company (Targa Resources Partners LP, Targa Downstream LLC and Targa Midstream Services LLC) treated as partnerships for federal tax purposes for the 2019 and 2020 tax years.
CY2021	trgp	Additional Income Tax Expense AdditionalIncomeTaxExpense	23300000
CY2022Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	6800000000
CY2022Q4	trgp	Tax Cuts And Jobs Act Of2017 Incomplete Accounting Percentage Of Net Operating Losses TaxCutsAndJobsActOf2017IncompleteAccountingPercentageOfNetOperatingLosses	0.80
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	36900000
CY2022	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-177500000
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1663200000
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	436900000
CY2020	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1573100000
CY2022	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	335900000
CY2021	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	350900000
CY2020	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	228900000
CY2022	trgp	Income Loss From Continuing Operations Before Tax IncomeLossFromContinuingOperationsBeforeTax	1327300000
CY2021	trgp	Income Loss From Continuing Operations Before Tax IncomeLossFromContinuingOperationsBeforeTax	86000000.0
CY2020	trgp	Income Loss From Continuing Operations Before Tax IncomeLossFromContinuingOperationsBeforeTax	-1802000000.0
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2021	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2020	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2022	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	278700000
CY2021	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	18100000
CY2020	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-378400000
CY2022	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-177500000
CY2021	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-46200000
CY2020	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	194200000
CY2022	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	33600000
CY2021	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-5400000
CY2020	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-51200000
CY2022	trgp	Income Tax Rate Reconciliation Cares Act Net Operating Loss Carry Back IncomeTaxRateReconciliationCARESActNetOperatingLossCarryBack	0
CY2021	trgp	Income Tax Rate Reconciliation Cares Act Net Operating Loss Carry Back IncomeTaxRateReconciliationCARESActNetOperatingLossCarryBack	0
CY2020	trgp	Income Tax Rate Reconciliation Cares Act Net Operating Loss Carry Back IncomeTaxRateReconciliationCARESActNetOperatingLossCarryBack	-16900000
CY2022	trgp	Income Tax Rate Reconciliation State Tax Provision Error Correction IncomeTaxRateReconciliationStateTaxProvisionErrorCorrection	0
CY2021	trgp	Income Tax Rate Reconciliation State Tax Provision Error Correction IncomeTaxRateReconciliationStateTaxProvisionErrorCorrection	23300000
CY2020	trgp	Income Tax Rate Reconciliation State Tax Provision Error Correction IncomeTaxRateReconciliationStateTaxProvisionErrorCorrection	0
CY2022	trgp	Income Tax Reconciliation Return To Provision IncomeTaxReconciliationReturnToProvision	-600000
CY2021	trgp	Income Tax Reconciliation Return To Provision IncomeTaxReconciliationReturnToProvision	-1300000
CY2020	trgp	Income Tax Reconciliation Return To Provision IncomeTaxReconciliationReturnToProvision	0
CY2022	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	-1700000
CY2021	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	21000000.0
CY2020	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	0
CY2022	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	5600000
CY2021	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	4100000
CY2020	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	4500000
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount	-6300000
CY2021	us-gaap	Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount	1400000
CY2020	us-gaap	Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount	0
CY2022	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	0
CY2021	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	-200000
CY2020	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	-300000
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	131800000
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14800000
CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-248100000
CY2022Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0
CY2022	us-gaap	Interest Paid Net InterestPaidNet	401300000
CY2021	us-gaap	Interest Paid Net InterestPaidNet	356000000.0
CY2020	us-gaap	Interest Paid Net InterestPaidNet	374100000
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1600000
CY2021	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1300000
CY2020	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	43700000
CY2022	trgp	Non Cash Adjustment To Line Fill NonCashAdjustmentToLineFill	-3800000
CY2021	trgp	Non Cash Adjustment To Line Fill NonCashAdjustmentToLineFill	-15000000.0
CY2020	trgp	Non Cash Adjustment To Line Fill NonCashAdjustmentToLineFill	5300000
CY2021	trgp	Transfers From Materials And Supplies To Property Plant And Equipment TransfersFromMaterialsAndSuppliesToPropertyPlantAndEquipment	2400000
CY2020	trgp	Transfers From Materials And Supplies To Property Plant And Equipment TransfersFromMaterialsAndSuppliesToPropertyPlantAndEquipment	2100000
CY2022	trgp	Asset Retirement Obligation Revision Of Estimate And Additions AssetRetirementObligationRevisionOfEstimateAndAdditions	800000
CY2021	trgp	Asset Retirement Obligation Revision Of Estimate And Additions AssetRetirementObligationRevisionOfEstimateAndAdditions	-200000
CY2020	trgp	Asset Retirement Obligation Revision Of Estimate And Additions AssetRetirementObligationRevisionOfEstimateAndAdditions	-1800000
CY2022	trgp	Non Cash Distributions To Noncontrolling Interests NonCashDistributionsToNoncontrollingInterests	64200000
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CY2021	trgp	Changes In Accrued Distributions To Noncontrolling Interests ChangesInAccruedDistributionsToNoncontrollingInterests	-50900000
CY2020	trgp	Changes In Accrued Distributions To Noncontrolling Interests ChangesInAccruedDistributionsToNoncontrollingInterests	-5200000
CY2022	trgp	Reduction Of Owners Equity Related To Accrued Dividends On Unvested Equity Awards Under Share Compensation Arrangements ReductionOfOwnersEquityRelatedToAccruedDividendsOnUnvestedEquityAwardsUnderShareCompensationArrangements	7100000
CY2021	trgp	Reduction Of Owners Equity Related To Accrued Dividends On Unvested Equity Awards Under Share Compensation Arrangements ReductionOfOwnersEquityRelatedToAccruedDividendsOnUnvestedEquityAwardsUnderShareCompensationArrangements	3100000
CY2020	trgp	Reduction Of Owners Equity Related To Accrued Dividends On Unvested Equity Awards Under Share Compensation Arrangements ReductionOfOwnersEquityRelatedToAccruedDividendsOnUnvestedEquityAwardsUnderShareCompensationArrangements	5400000
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CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	9700000
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CY2020	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	13200000
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	220700000
CY2021	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	24700000
CY2020	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	6000000.0
CY2022	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	16300000
CY2021	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	4100000
CY2020	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	33000000.0
CY2022	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	57500000
CY2021	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	59200000
CY2020	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	66300000
CY2022Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	88800000
CY2022	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P2Y3M18D
CY2022	us-gaap	Defined Contribution Plan Employer Matching Contribution Percent Of Match DefinedContributionPlanEmployerMatchingContributionPercentOfMatch	1
CY2022	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	26600000
CY2022	us-gaap	Defined Contribution Plan Maximum Annual Contributions Per Employee Percent DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent	0.05
CY2022	trgp	Defined Contribution Plan Additional Contribution Per Employee Made By Employer Percent DefinedContributionPlanAdditionalContributionPerEmployeeMadeByEmployerPercent	0.03
CY2022	trgp	Defined Contribution Plan Percentage Of Contribution Made In Cash DefinedContributionPlanPercentageOfContributionMadeInCash	1
CY2020	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1573100000
CY2021	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	21800000
CY2020	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	16200000
CY2022	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2
CY2022	us-gaap	Revenues Revenues	20929800000
CY2021	us-gaap	Revenues Revenues	16949800000
CY2020	us-gaap	Revenues Revenues	8260300000
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	19820700000
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	16093100000
CY2020	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	6874100000
CY2022	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	-754700000
CY2021	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	-490600000
CY2020	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	296900000
CY2022	us-gaap	Revenues Revenues	20929800000
CY2021	us-gaap	Revenues Revenues	16949800000
CY2020	us-gaap	Revenues Revenues	8260300000
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1096000000.0
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	870600000
CY2020	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	865100000
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	309700000
CY2021	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	273200000
CY2020	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	254600000
CY2021	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	452300000
CY2020	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	2442800000
CY2022	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-446100000
CY2021	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-387900000
CY2020	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-391300000
CY2022	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	9100000
CY2021	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-23900000
CY2020	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	72600000
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CY2020	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-58400000
CY2022	trgp	Write Downs Of Asset WriteDownsOfAsset	9800000
CY2021	trgp	Write Downs Of Asset WriteDownsOfAsset	10300000
CY2020	trgp	Write Downs Of Asset WriteDownsOfAsset	55600000
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CY2021	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-16600000
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CY2022	trgp	Other Operating And Non Operating Income Expense Net OtherOperatingAndNonOperatingIncomeExpenseNet	-15100000
CY2020	trgp	Other Operating And Non Operating Income Expense Net OtherOperatingAndNonOperatingIncomeExpenseNet	1100000
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1663200000
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	436900000

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$TRGP
Targa Resources Corp. Stock $trgp

2023 Q1 Form 10-K Financial Statement

#000095017023003797 Filed on February 22, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRGP Targa Resources Corp. Stock $trgp

2023 Q1 Form 10-K Financial Statement

#000095017023003797 Filed on February 22, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRGP
Targa Resources Corp. Stock $trgp