$TRGP
Targa Resources Corp. Stock $trgp

$trgp Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-K Financial Statement

#000095017024015841 Filed on February 15, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2023
Revenue	$4.562B	$4.240B	$16.06B
YoY Change	0.93%	-6.92%	-23.27%
Cost Of Revenue	$3.218B	$2.899B	$10.68B
YoY Change	6.59%	-12.81%	-36.76%
Gross Profit	$1.344B	$1.341B	$5.384B
YoY Change	-10.46%	8.98%	33.01%
Gross Profit Margin	29.47%	31.63%	33.52%
Selling, General & Admin	$86.50M	$95.30M	$367.0M
YoY Change	4.98%	3.03%	12.1%
% of Gross Profit	6.43%	7.11%	6.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$340.5M	$341.4M	$1.330B
YoY Change	4.83%	3.52%	21.31%
% of Gross Profit	25.33%	25.46%	24.7%
Operating Expenses	$705.0M	$705.7M	$2.758B
YoY Change	6.05%	3.92%	18.94%
Operating Profit	$639.4M	$635.3M	$2.626B
YoY Change	-23.58%	15.22%	51.89%
Interest Expense	-$228.6M	-$175.2M	-$687.8M
YoY Change	36.07%	20.66%	54.18%
% of Operating Profit	-35.75%	-27.58%	-26.19%
Other Income/Expense, Net	$1.700M	$2.100M	-$2.800M
YoY Change	-156.67%	-520.0%
Pretax Income	$415.3M	$460.1M	$1.943B
YoY Change	-37.6%	13.41%	16.79%
Income Tax	$82.70M	$102.5M	$363.2M
% Of Pretax Income	19.91%	22.28%	18.7%
Net Earnings	$275.2M	$277.7M	$1.346B
YoY Change	-44.63%	-12.65%	12.58%
Net Earnings / Revenue	6.03%	6.55%	8.38%
Basic Earnings Per Share	$1.23		$3.69
Diluted Earnings Per Share	$1.22	$1.24	$3.66
COMMON SHARES
Basic Shares Outstanding	223.2M	223.0M	224.6M
Diluted Shares Outstanding	223.7M		226.0M

Balance Sheet

Concept	2024 Q1	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$109.9M	$141.7M	$141.7M
YoY Change	-48.11%	-35.3%	-35.3%
Cash & Equivalents	$109.9M	$141.7M	$141.7M
Short-Term Investments
Other Short-Term Assets	$82.30M	$98.50M	$210.4M
YoY Change	-18.43%	-36.66%	-37.27%
Inventory	$224.5M	$371.5M	$371.5M
Prepaid Expenses
Receivables	$1.484B	$1.471B	$1.471B
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.973B	$2.195B	$2.195B
YoY Change	20.39%	-6.87%	-6.87%
LONG-TERM ASSETS
Property, Plant & Equipment	$16.28B	$15.81B	$15.81B
YoY Change	12.53%	11.2%	11.2%
Goodwill		$45.20M
YoY Change		0.0%
Intangibles
YoY Change
Long-Term Investments	$152.2M	$146.3M	$146.3M
YoY Change	12.99%	11.42%	11.42%
Other Assets	$163.7M	$140.6M	$128.7M
YoY Change	52.71%	42.89%	65.64%
Total Long-Term Assets	$18.87B	$18.48B	$18.48B
YoY Change	8.55%	7.4%	7.4%
TOTAL ASSETS
Total Short-Term Assets	$1.973B	$2.195B	$2.195B
Total Long-Term Assets	$18.87B	$18.48B	$18.48B
Total Assets	$20.85B	$20.67B	$20.67B
YoY Change	9.57%	5.68%	5.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.710B	$1.575B	$1.575B
YoY Change	36.18%	8.7%	8.7%
Accrued Expenses	$295.9M	$281.7M	$511.3M
YoY Change	56.89%	3.07%	14.31%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$546.1M	$620.7M	$620.7M
YoY Change	-26.1%	-25.6%	-25.6%
Total Short-Term Liabilities	$2.815B	$2.761B	$2.761B
YoY Change	14.1%	-9.97%	-9.97%
LONG-TERM LIABILITIES
Long-Term Debt	$12.51B	$12.33B	$12.33B
YoY Change	9.36%	15.24%	15.24%
Other Long-Term Liabilities	$304.1M	$415.1M	$431.9M
YoY Change	-12.21%	21.66%	-10.26%
Total Long-Term Liabilities	$304.1M	$415.1M	$12.77B
YoY Change	-12.21%	21.66%	14.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.815B	$2.761B	$2.761B
Total Long-Term Liabilities	$304.1M	$415.1M	$12.77B
Total Liabilities	$3.119B	$3.176B	$17.93B
YoY Change	10.86%	-6.8%	6.14%
SHAREHOLDERS EQUITY
Retained Earnings	$654.1M	$492.0M
YoY Change	-603.93%	-178.49%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$1.058B	$896.9M
YoY Change	92.13%	93.01%
Treasury Stock Shares
Shareholders Equity	$2.704B	$2.740B	$2.740B
YoY Change
Total Liabilities & Shareholders Equity	$20.85B	$20.67B	$20.67B
YoY Change	9.57%	5.68%	5.68%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	$275.2M	$277.7M	$1.346B
YoY Change	-44.63%	-12.65%	12.58%
Depreciation, Depletion And Amortization	$340.5M	$341.4M	$1.330B
YoY Change	4.83%	3.52%	21.31%
Cash From Operating Activities	$876.4M	$957.7M	$3.212B
YoY Change	-25.08%	78.18%	34.9%
INVESTING ACTIVITIES
Capital Expenditures	$669.8M	$720.0M	$2.385B
YoY Change	40.8%	38.36%	78.78%
Acquisitions
YoY Change
Other Investing Activities	$300.0K	-$7.000M	$1.000M
YoY Change	0.0%	-138.25%	-37.5%
Cash From Investing Activities	-$677.9M	-$727.0M	-$2.401B
YoY Change	40.99%	44.79%	-42.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-230.3M	-228.5M	-888.1M
YoY Change	-66.92%	2356.99%	-148.55%
NET CHANGE
Cash From Operating Activities	876.4M	957.7M	3.212B
Cash From Investing Activities	-677.9M	-727.0M	-2.401B
Cash From Financing Activities	-230.3M	-228.5M	-888.1M
Net Change In Cash	-31.80M	2.200M	-77.30M
YoY Change	341.67%	-91.57%	-227.77%
FREE CASH FLOW
Cash From Operating Activities	$876.4M	$957.7M	$3.212B
Capital Expenditures	$669.8M	$720.0M	$2.385B
Free Cash Flow	$206.6M	$237.7M	$826.2M
YoY Change	-70.23%	1290.06%	-21.05%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
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CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001389170
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Amendment Flag AmendmentFlag	false
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CY2022Q4	us-gaap	Finance Lease Liability Current Statement Of Financial Position Extensible List FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#LiabilitiesCurrent
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#LongTermDebtAndCapitalLeaseObligations
CY2023Q4	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilities
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CY2023Q4	us-gaap	Derivative Asset Noncurrent Statement Of Financial Position Extensible Enumeration DerivativeAssetNoncurrentStatementOfFinancialPositionExtensibleEnumeration	http://www.targaresources.com/20231231#DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent
CY2022Q4	us-gaap	Derivative Asset Noncurrent Statement Of Financial Position Extensible Enumeration DerivativeAssetNoncurrentStatementOfFinancialPositionExtensibleEnumeration	http://www.targaresources.com/20231231#DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent
CY2023Q4	us-gaap	Derivative Liability Current Statement Of Financial Position Extensible Enumeration DerivativeLiabilityCurrentStatementOfFinancialPositionExtensibleEnumeration	http://www.targaresources.com/20231231#DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent
CY2022Q4	us-gaap	Derivative Liability Current Statement Of Financial Position Extensible Enumeration DerivativeLiabilityCurrentStatementOfFinancialPositionExtensibleEnumeration	http://www.targaresources.com/20231231#DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent
CY2023Q4	us-gaap	Derivative Liability Noncurrent Statement Of Financial Position Extensible Enumeration DerivativeLiabilityNoncurrentStatementOfFinancialPositionExtensibleEnumeration	http://www.targaresources.com/20231231#DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent
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CY2021	us-gaap	Derivative Instrument Gain Loss Reclassified From Aoci Into Income Effective Portion Statement Of Income Or Comprehensive Income Extensible Enumeration DerivativeInstrumentGainLossReclassifiedFromAociIntoIncomeEffectivePortionStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration	http://fasb.org/us-gaap/2023#Revenues
CY2023	us-gaap	Derivative Instrument Gain Loss Reclassified From Aoci Into Income Effective Portion Statement Of Income Or Comprehensive Income Extensible Enumeration DerivativeInstrumentGainLossReclassifiedFromAociIntoIncomeEffectivePortionStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration	http://fasb.org/us-gaap/2023#Revenues
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CY2023Q4	trgp	Defined Contribution Plan Plans Name Extensible List DefinedContributionPlanPlansNameExtensibleList	http://www.targaresources.com/#FourZeroOneKPlansMember
CY2023	dei	Document Type DocumentType	10-K
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-12-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-34991
CY2023	dei	Entity Registrant Name EntityRegistrantName	TARGA RESOURCES CORP.
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	20-3701075
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	811 Louisiana Street
CY2023	dei	Entity Address Address Line2 EntityAddressAddressLine2	Suite 2100
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Houston
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	77002
CY2023	dei	City Area Code CityAreaCode	713
CY2023	dei	Local Phone Number LocalPhoneNumber	584-1000
CY2023	dei	Security12b Title Security12bTitle	Common Stock
CY2023	dei	Trading Symbol TradingSymbol	TRGP
CY2023	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	Yes
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	false
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	true
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
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CY2022Q4	us-gaap	Interest Payable Current InterestPayableCurrent	174000000.0
CY2023	dei	Auditor Firm AuditorFirmId	238
CY2023	dei	Auditor Name AuditorName	PricewaterhouseCoopers LLP
CY2023	dei	Auditor Location AuditorLocation	Houston, Texas
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CY2022Q4	us-gaap	Minority Interest MinorityInterest	2316500000
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4610000000
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4982200000
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	20671800000
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	19560000000
CY2023	us-gaap	Revenues Revenues	16060300000
CY2022	us-gaap	Revenues Revenues	20929800000
CY2021	us-gaap	Revenues Revenues	16949800000
CY2023	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	10676400000
CY2022	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	16882100000
CY2021	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	13729500000
CY2023	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	1077900000
CY2022	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	912800000
CY2021	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	747000000
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1329600000
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1096000000
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	870600000
CY2023	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	348700000
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	309700000
CY2021	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	273200000
CY2021	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	452300000
CY2023	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-1500000
CY2022	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-200000
CY2021	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-12400000
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	2626200000
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	1729000000
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	864800000
CY2023	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-687800000
CY2022	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-446100000
CY2021	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-387900000
CY2023	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	9000000
CY2022	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	9100000
CY2021	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-23900000
CY2023	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-2100000
CY2022	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-49600000
CY2021	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-16600000
CY2022	us-gaap	Equity Method Investment Realized Gain Loss On Disposal EquityMethodInvestmentRealizedGainLossOnDisposal	435900000
CY2023	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-2800000
CY2022	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-15100000
CY2021	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	500000
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1942500000
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
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	363200000
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	131800000
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14800000
CY2023	us-gaap	Profit Loss ProfitLoss	1579300000
CY2022	us-gaap	Profit Loss ProfitLoss	1531400000
CY2021	us-gaap	Profit Loss ProfitLoss	422100000
CY2023	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	233400000
CY2022	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	335900000
CY2021	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	350900000
CY2023	us-gaap	Net Income Loss NetIncomeLoss	1345900000
CY2022	us-gaap	Net Income Loss NetIncomeLoss	1195500000
CY2021	us-gaap	Net Income Loss NetIncomeLoss	71200000
CY2023	trgp	Premium On Repurchase Of Noncontrolling Interests Net Of Tax PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax	510100000
CY2022	trgp	Premium On Repurchase Of Noncontrolling Interests Net Of Tax PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax	53200000
CY2022	us-gaap	Dividends Preferred Stock DividendsPreferredStock	30000000
CY2021	us-gaap	Dividends Preferred Stock DividendsPreferredStock	87300000
CY2022	trgp	Deemed Preferred Stock Dividend DeemedPreferredStockDividend	215500000
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	835800000
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
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.69
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.95
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.07
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.66
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.88
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.07
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	224600000
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	227300000
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	228600000
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	226000000
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	231100000
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	228600000
CY2023	us-gaap	Profit Loss ProfitLoss	1579300000
CY2022	us-gaap	Profit Loss ProfitLoss	1531400000
CY2021	us-gaap	Profit Loss ProfitLoss	422100000
CY2023	us-gaap	Other Comprehensive Income Loss Before Tax OtherComprehensiveIncomeLossBeforeTax	40000000
CY2023	us-gaap	Other Comprehensive Income Loss Tax OtherComprehensiveIncomeLossTax	9100000
CY2023	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	30900000
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
CY2023	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	1610200000
CY2022	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	1817000000
CY2021	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	333000000
CY2023	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	233400000
CY2021	us-gaap	Stock Granted During Period Value Sharebased Compensation Gross StockGrantedDuringPeriodValueSharebasedCompensationGross	59200000
CY2021	trgp	Dividendequivalentrights Dividendequivalentrights	-3100000
CY2021	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	13200000
CY2021	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	40000000
CY2021	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	95
CY2021	us-gaap	Dividends Preferred Stock DividendsPreferredStock	87300000
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
CY2023	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1376800000
CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1481100000
CY2021	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-17900000
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5903200000
CY2021	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.4
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	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
CY2022	us-gaap	Stock Granted During Period Value Sharebased Compensation Gross StockGrantedDuringPeriodValueSharebasedCompensationGross	57500000
CY2022	trgp	Dividendequivalentrights Dividendequivalentrights	-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	47.5
CY2022	us-gaap	Dividends Preferred Stock DividendsPreferredStock	30000000
CY2022	trgp	Deemed Preferred Stock Dividend Accretion Of Beneficial Conversion Feature DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature	215500000
CY2022	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.4
CY2022	us-gaap	Dividends Common Stock DividendsCommonStock	318300000
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
CY2022Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4982200000
CY2023	us-gaap	Stock Granted During Period Value Sharebased Compensation Gross StockGrantedDuringPeriodValueSharebasedCompensationGross	62400000
CY2023	trgp	Dividendequivalentrights Dividendequivalentrights	-3900000
CY2023	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	55800000
CY2023	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	373700000
CY2023	trgp	Excise Tax On Repurchases Of Common Stock ExciseTaxOnRepurchasesOfCommonStock	2700000
CY2023	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	1.85
CY2023	us-gaap	Dividends Common Stock DividendsCommonStock	419000000
CY2023	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	230000000
CY2023	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	9700000
CY2023	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	969400000
CY2023	trgp	Other Comprehensive Income Loss OtherComprehensiveIncomeLoss	30900000
CY2023	us-gaap	Profit Loss ProfitLoss	1579300000
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4610000000
CY2023	us-gaap	Profit Loss ProfitLoss	1579300000
CY2022	us-gaap	Profit Loss ProfitLoss	1531400000
CY2021	us-gaap	Profit Loss ProfitLoss	422100000
CY2023	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	13200000
CY2022	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	10500000
CY2021	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	10300000
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	62400000
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	57500000
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	59200000
CY2023	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1329600000
CY2022	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1096000000
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	870600000
CY2021	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	452300000
CY2023	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	5300000
CY2022	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	9600000
CY2021	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-2000000
CY2023	trgp	Write Downs Of Asset WriteDownsOfAsset	6900000
CY2022	trgp	Write Downs Of Asset WriteDownsOfAsset	9800000
CY2021	trgp	Write Downs Of Asset WriteDownsOfAsset	10300000
CY2023	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	5900000
CY2022	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	4800000
CY2021	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	4000000.0
CY2023	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	349600000
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	125100000
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	12100000
CY2023	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	9000000
CY2022	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	9100000
CY2021	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-23900000
CY2023	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	13100000
CY2022	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	12200000
CY2021	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	84000000.0
CY2023	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	275400000
CY2022	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-302500000
CY2021	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	-116000000
CY2023	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-2100000
CY2022	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-49600000
CY2021	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-16600000
CY2022	us-gaap	Equity Method Investment Realized Gain Loss On Disposal EquityMethodInvestmentRealizedGainLossOnDisposal	435900000
CY2023	us-gaap	Increase Decrease In Accounts Receivable And Other Operating Assets IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets	20600000
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
CY2023	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-36000000.0
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	236200000
CY2021	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-40600000
CY2023	trgp	Increase Decrease In Account Payable Accrued Liabilities And Other Liabilities IncreaseDecreaseInAccountPayableAccruedLiabilitiesAndOtherLiabilities	68200000
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	565400000
CY2023	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	55600000
CY2022	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	35500000
CY2021	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	5900000
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	3211600000
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
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2385400000
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1334300000
CY2021	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	505100000
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
CY2023	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	4700000
CY2022	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	23000000.0
CY2021	us-gaap	Proceeds From Sale Of Productive Assets ProceedsFromSaleOfProductiveAssets	12200000
CY2023	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	24600000
CY2022	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	1500000
CY2021	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	600000
CY2022	us-gaap	Proceeds From Sale Of Equity Method Investments ProceedsFromSaleOfEquityMethodInvestments	857000000.0
CY2023	us-gaap	Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital	5500000
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
CY2023	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	1000000
CY2022	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	1600000
CY2021	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-100000
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2400800000
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
CY2022	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	5845000000
CY2021	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	620000000.0
CY2023	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	290000000
CY2022	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	5555000000
CY2021	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1455000000
CY2023	trgp	Proceeds From Borrowings Of Commercial Paper Notes ProceedsFromBorrowingsOfCommercialPaperNotes	59002800000
CY2022	trgp	Proceeds From Borrowings Of Commercial Paper Notes ProceedsFromBorrowingsOfCommercialPaperNotes	30504300000
CY2023	us-gaap	Repayments Of Commercial Paper RepaymentsOfCommercialPaper	59836500000
CY2022	us-gaap	Repayments Of Commercial Paper RepaymentsOfCommercialPaper	29495600000
CY2022	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	1500000000
CY2023	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	1000000000
CY2023	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	143100000
CY2022	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	1230000000
CY2021	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	630000000.0
CY2023	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	368100000
CY2022	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	580000000.0
CY2021	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	830000000.0
CY2023	us-gaap	Proceeds From Issuance Of Senior Long Term Debt ProceedsFromIssuanceOfSeniorLongTermDebt	3727700000
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
CY2022	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	1473200000
CY2021	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	1132000000
CY2023	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	42900000
CY2022	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	19700000
CY2021	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	12500000
CY2023	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	36100000
CY2022	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	45700000
CY2021	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	9600000
CY2023	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	429500000
CY2022	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	260600000
CY2021	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	53200000
CY2023	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	9700000
CY2022	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	26100000
CY2021	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	15800000
CY2023	trgp	Payments Of Dividends To Noncontrolling Interests PaymentsOfDividendsToNoncontrollingInterests	222100000
CY2022	trgp	Payments Of Dividends To Noncontrolling Interests PaymentsOfDividendsToNoncontrollingInterests	316400000
CY2021	trgp	Payments Of Dividends To Noncontrolling Interests PaymentsOfDividendsToNoncontrollingInterests	500000000.0
CY2023	us-gaap	Payments For Repurchase Of Redeemable Noncontrolling Interest PaymentsForRepurchaseOfRedeemableNoncontrollingInterest	1118900000
CY2022	us-gaap	Payments For Repurchase Of Redeemable Noncontrolling Interest PaymentsForRepurchaseOfRedeemableNoncontrollingInterest	926300000
CY2022	trgp	Redemption Of Series A Preferred Stock RedemptionOfSeriesAPreferredStock	965200000
CY2023	trgp	Payments Of Ordinary Dividends Common And Preferred Shareholders PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders	427300000
CY2022	trgp	Payments Of Ordinary Dividends Common And Preferred Shareholders PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders	379700000
CY2021	trgp	Payments Of Ordinary Dividends Common And Preferred Shareholders PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders	187500000
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-888100000
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
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-77300000
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	60500000
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-84300000
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
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	141700000
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
CY2023	us-gaap	Nature Of Operations NatureOfOperations	<p id="note_1_organization_operations" style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Note 1 — Organizati</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">on and Operations</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Our Organization</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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 consolidates the Partnership and its subsidiaries under GAAP, and the accompanying consolidated financial statements have been prepared 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="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><div style="margin-left:4.537%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:4.537%;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:4.752626672113803%;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:4.537%;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:4.752626672113803%;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">the inclusion of the TRGP senior notes;</span></div></div><div style="margin-left:4.537%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:4.537%;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:4.752626672113803%;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">the inclusion of the TRGP commercial paper notes; </span></div></div><div style="margin-left:4.537%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:4.537%;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:4.752626672113803%;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:4.537%;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:4.752626672113803%;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">the impacts of TRGP’s treatment as a corporation for U.S. federal income tax purposes.</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;"> </span></div></div><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Our Operations</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">The Company is primarily engaged in the business of:</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><div style="margin-left:4.537%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:4.537%;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:4.752626672113803%;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas;</span></div></div><div style="margin-left:4.537%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:4.537%;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:4.752626672113803%;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:4.537%;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:4.752626672113803%;display:inline-flex;justify-content:flex-start;">•</span><div style="width:100%;display:inline;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">gathering, storing, terminaling, and purchasing and selling crude oil.</span></div></div><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">See Note 23 – Segment Information for certain financial information regarding our business segments.</span></p>
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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 and (v) estimating contingencies, guarantees and indemnifications.</span></p>
CY2023	us-gaap	Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts FinancingReceivableAllowanceForCreditLossesPolicyForUncollectibleAmounts	<p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Allowanc</span><span style="color:#000000;white-space:pre-wrap;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">e for Credit Losses</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">Estimated losses on accounts receivable are provided through an allowance for credit losses. We estimate the allowance for credit losses through various procedures, including extensive review of our trade receivable balances by counterparty, assessing economic events and conditions, our historical experience with counterparties, the counterparty’s financial condition and the amount and age of past due accounts.</span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">We continuously evaluate our ability to collect amounts owed to us. Receivables are considered past due if full payment is not received by the contractual due date. Our evaluation procedures also include performing account reconciliations, dispute resolution and payment confirmation.</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> </span></p><p style="font-size:10pt;margin-top:0;font-family:Times New Roman;margin-bottom:0;text-align:justify;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;">As the financial condition of any counterparty changes, circumstances develop or additional information becomes available, adjustments to our allowance may be required.</span></p>
CY2023	us-gaap	Debt Instrument Description DebtInstrumentDescription	Debt instruments are considered substantially different if the present value of the cash flows under the terms of the new debt instrument is at least 10 percent different from the present value of the remaining cash flows under the terms of the existing debt instrument. We consider changes in principal amounts, interest rates, and maturity dates of the existing and new instruments when evaluating the change in cash flows between the instruments.
CY2023	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0
CY2023	trgp	Upfront Compensation UpfrontCompensation	0
CY2023	trgp	Cash Payments Related To Transfer Of Assets CashPaymentsRelatedToTransferOfAssets	0
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	26265200000
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	23913200000
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	10458800000
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	9698600000
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	15806400000
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	14214600000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	4378000000
CY2022Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	4379700000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	2027400000
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1645100000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2350600000
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2734600000
CY2023	us-gaap	Depreciation Depreciation	945600000
CY2022	us-gaap	Depreciation Depreciation	853800000
CY2021	us-gaap	Depreciation Depreciation	739600000
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	384000000
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	242200000
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	131000000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	373200000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	326000000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	279800000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	252200000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	234000000
CY2023	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P11Y4M24D
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2734600000
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1094800000
CY2022	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	1882000000
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	384000000
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	575000000
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	500000000
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	242200000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2350600000
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2734600000
CY2021Q4	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	452300000
CY2021Q4	us-gaap	Impairment Of Oil And Gas Properties ImpairmentOfOilAndGasProperties	295700000
CY2021Q4	trgp	Weighted Average Discount Rate Percentage WeightedAverageDiscountRatePercentage	0.095
CY2023Q4	us-gaap	Goodwill Goodwill	45200000
CY2022Q4	us-gaap	Goodwill Goodwill	45200000
CY2023Q4	us-gaap	Collateralized Financings CollateralizedFinancings	575000000
CY2022Q4	us-gaap	Collateralized Financings CollateralizedFinancings	800000000
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	45700000
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	34300000
CY2023Q4	trgp	Debt Current Net Of Issuance Cost DebtCurrentNetOfIssuanceCost	620700000
CY2022Q4	trgp	Debt Current Net Of Issuance Cost DebtCurrentNetOfIssuanceCost	834300000
CY2023Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	12179900000
CY2022Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	10574700000
CY2023Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	90800000
CY2022Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	65600000
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	244100000
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	193000000
CY2023Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	12333200000
CY2022Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	10702100000
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	12953900000
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	11536400000
CY2021Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-14900000
CY2021Q1	trgp	Debt Instrument Premium Paid On Extinguishment Of Debt DebtInstrumentPremiumPaidOnExtinguishmentOfDebt	12500000
CY2021Q1	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	2400000
CY2023Q4	trgp	Debt Instrument Carrying Amount Net DebtInstrumentCarryingAmountNet	12784400000
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	198800000
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	0
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	1630200000
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	700300000
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	9378900000
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	248800000
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	198800000
CY2023Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	103000000.0
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	97900000
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	56500000
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	28600000
CY2023Q4	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	6800000
CY2022Q4	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	15900000
CY2023Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	415100000
CY2022Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	341200000
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	248800000
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	198800000
CY2023	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	17400000
CY2022	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	7500000
CY2021	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	3900000
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	248800000
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	198800000
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	171800000
CY2023	trgp	Contract With Customer Liability Increase From Cash Receipts ContractWithCustomerLiabilityIncreaseFromCashReceipts	67400000
CY2022	trgp	Contract With Customer Liability Increase From Cash Receipts ContractWithCustomerLiabilityIncreaseFromCashReceipts	34500000
CY2023	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	17400000
CY2022	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	7500000
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	248800000
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	198800000
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	97900000
CY2021Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	72100000
CY2022	us-gaap	Asset Retirement Obligation Liabilities Incurred AssetRetirementObligationLiabilitiesIncurred	20200000
CY2023	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	5900000
CY2022	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	4800000
CY2023	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	4900000
CY2022	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	800000
CY2023	us-gaap	Asset Retirement Obligation Liabilities Settled AssetRetirementObligationLiabilitiesSettled	5700000
CY2023Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	103000000
CY2022Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	97900000
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	101100000
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	57300000
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	351900000
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	266100000
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	21800000
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	14400000
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	45700000
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	34300000
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	56500000
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	28600000
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	244100000
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	193000000.0
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	18300000
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	17700000
CY2021	us-gaap	Operating Lease Cost OperatingLeaseCost	12200000
CY2023	us-gaap	Short Term Lease Cost ShortTermLeaseCost	56700000
CY2022	us-gaap	Short Term Lease Cost ShortTermLeaseCost	35000000.0
CY2021	us-gaap	Short Term Lease Cost ShortTermLeaseCost	20400000
CY2023	us-gaap	Variable Lease Cost VariableLeaseCost	26000000.0
CY2022	us-gaap	Variable Lease Cost VariableLeaseCost	17900000
CY2021	us-gaap	Variable Lease Cost VariableLeaseCost	5700000
CY2023	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	48200000
CY2022	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	20300000
CY2021	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	13300000
CY2023	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	14000000.0
CY2022	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	3500000
CY2021	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	1100000
CY2023	us-gaap	Lease Cost LeaseCost	163200000
CY2022	us-gaap	Lease Cost LeaseCost	94400000
CY2021	us-gaap	Lease Cost LeaseCost	52700000
CY2023	us-gaap	Operating Lease Payments OperatingLeasePayments	21400000
CY2022	us-gaap	Operating Lease Payments OperatingLeasePayments	18800000
CY2021	us-gaap	Operating Lease Payments OperatingLeasePayments	14100000
CY2023	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	13900000
CY2022	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	2700000
CY2021	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	1000000.0
CY2023	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	42900000
CY2022	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	19700000
CY2021	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	12500000
CY2023Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P5Y
CY2023Q4	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P6Y
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.050
CY2023Q4	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.050
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	25500000
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	57500000
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	16800000
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	56500000
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	11200000
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	55000000.0
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	10300000
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	48900000
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	10100000
CY2023Q4	us-gaap	Finance Lease Liability Payments Due Year Five FinanceLeaseLiabilityPaymentsDueYearFive	41400000
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	14400000
CY2023Q4	us-gaap	Finance Lease Liability Payments Due After Year Five FinanceLeaseLiabilityPaymentsDueAfterYearFive	72800000
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	88300000
CY2023Q4	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	332100000
CY2023Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	10000000.0
CY2023Q4	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	42300000
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	78300000
CY2023Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	289800000
CY2022	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	51800000
CY2021	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	87300000
CY2021	us-gaap	Preferred Stock Dividends Per Share Cash Paid PreferredStockDividendsPerShareCashPaid	23.75
CY2020	us-gaap	Preferred Stock Dividends Per Share Cash Paid PreferredStockDividendsPerShareCashPaid	23.75
CY2020Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	500000000
CY2023Q2	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	1000000000
CY2023Q4	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	770100000
CY2023	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	4870559
CY2023	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	76.72
CY2023	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	373700000
CY2022	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	3412354
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
CY2023Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.5
CY2023Q1	trgp	Common Stock Annualized Dividends Per Share Declared CommonStockAnnualizedDividendsPerShareDeclared	2
CY2023	us-gaap	Net Income Loss NetIncomeLoss	1345900000
CY2022	us-gaap	Net Income Loss NetIncomeLoss	1195500000
CY2021	us-gaap	Net Income Loss NetIncomeLoss	71200000
CY2023	trgp	Premium On Repurchase Of Noncontrolling Interests Net Of Tax PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax	510100000
CY2022	trgp	Premium On Repurchase Of Noncontrolling Interests Net Of Tax PremiumOnRepurchaseOfNoncontrollingInterestsNetOfTax	53200000
CY2023	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	835800000
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
CY2023	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	7600000
CY2023	trgp	Net Income Loss Allocated To Common Shareholders For Basic Earnings Per Share NetIncomeLossAllocatedToCommonShareholdersForBasicEarningsPerShare	828200000
CY2022	trgp	Net Income Loss Allocated To Common Shareholders For Basic Earnings Per Share NetIncomeLossAllocatedToCommonShareholdersForBasicEarningsPerShare	896800000
CY2021	trgp	Net Income Loss Allocated To Common Shareholders For Basic Earnings Per Share NetIncomeLossAllocatedToCommonShareholdersForBasicEarningsPerShare	-16100000
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	224600000
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	227300000
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	228600000
CY2023	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1400000
CY2022	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3800000
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	226000000
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	231100000
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	228600000
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.69
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	3.95
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.07
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.66
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	3.88
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.07
CY2023Q4	trgp	Loss Contingency Reduction Of Maximum Lossdue To Counterparty Credit Risk By Master Netting Provision LossContingencyReductionOfMaximumLossdueToCounterpartyCreditRiskByMasterNettingProvision	32200000
CY2023Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements Current DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent	111900000
CY2023Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements Current DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent	54000000
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
CY2023Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements Noncurrent DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent	33300000
CY2023Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements Noncurrent DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent	16800000
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
CY2023Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements DerivativeAssetBeforeEffectsOfMasterNettingArrangements	145200000
CY2023Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements DerivativeLiabilityBeforeEffectsOfMasterNettingArrangements	-70800000
CY2022Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements DerivativeAssetBeforeEffectsOfMasterNettingArrangements	204400000
CY2022Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements DerivativeLiabilityBeforeEffectsOfMasterNettingArrangements	-460200000
CY2023Q4	us-gaap	Derivative Assets Current DerivativeAssetsCurrent	69400000
CY2023Q4	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	7900000
CY2023Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	18600000
CY2023Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	2200000
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	145200000
CY2023Q4	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	70800000
CY2023Q4	trgp	Derivative Collateral Obligation Right To Return Reclaim Securities DerivativeCollateralObligationRightToReturnReclaimSecurities	3500000
CY2023Q4	us-gaap	Derivative Assets DerivativeAssets	88000000
CY2023Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	10100000
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CY2022Q4	us-gaap	Derivative Assets Noncurrent DerivativeAssetsNoncurrent	7300000
CY2022Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	100500000
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
CY2022Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	273400000
CY2023Q4	trgp	Derivative Collateral Amount DerivativeCollateralAmount	0
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	74400000
CY2023	us-gaap	Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet	153400000
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
CY2023Q4	trgp	Price Risk Cash Flow Hedge Gain Loss Expected To Reclassify Into Earnings PriceRiskCashFlowHedgeGainLossExpectedToReclassifyIntoEarnings	103400000
CY2023Q4	us-gaap	Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months	77500000
CY2023Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	535800000
CY2022Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	327700000
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CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	74400000
CY2023Q4	trgp	Derivative Fair Value Of Asset Liability Net If Commodity Price Increases By10 Percent DerivativeFairValueOfAssetLiabilityNetIfCommodityPriceIncreasesBy10Percent	42800000
CY2023Q4	trgp	Derivative Fair Value Of Asset Liability Net If Commodity Price Decreases By10 Percent DerivativeFairValueOfAssetLiabilityNetIfCommodityPriceDecreasesBy10Percent	-192000000.0
CY2023	trgp	Number Of Derivative Contract Categorized As Level3 NumberOfDerivativeContractCategorizedAsLevel3	0
CY2022	trgp	Number Of Derivative Contract Categorized As Level3 NumberOfDerivativeContractCategorizedAsLevel3	0
CY2021	us-gaap	Asset Impairment Charges AssetImpairmentCharges	452300000
CY2023	trgp	Cumulative Interest On Award CumulativeInterestOnAward	55500000
CY2022Q4	trgp	Federal Deferred Tax Balance FederalDeferredTaxBalance	-290500000
CY2023Q4	trgp	State Deferred Tax Balance StateDeferredTaxBalance	-28800000
CY2022Q4	trgp	State Deferred Tax Balance StateDeferredTaxBalance	-37200000
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CY2022Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	327700000
CY2021	trgp	Additional Income Tax Expense AdditionalIncomeTaxExpense	23300000
CY2023Q4	trgp	Tax Cuts And Jobs Act Of2017 Incomplete Accounting Percentage Of Net Operating Losses TaxCutsAndJobsActOf2017IncompleteAccountingPercentageOfNetOperatingLosses	0.80
CY2023	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	13600000
CY2022	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	6700000
CY2021	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	2700000
CY2023	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	349600000
CY2022	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	125100000
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	12100000
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	363200000
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	131800000
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14800000
CY2023Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	1282900000
CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	1568500000
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CY2022Q4	us-gaap	Deferred Tax Asset Interest Carryforward DeferredTaxAssetInterestCarryforward	10300000
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CY2022Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	1578800000
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	7100000
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	36900000
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CY2022Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	1541900000
CY2023Q4	us-gaap	Deferred Tax Liabilities Investment In Noncontrolled Affiliates DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates	1867900000
CY2022Q4	us-gaap	Deferred Tax Liabilities Investment In Noncontrolled Affiliates DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates	1842000000
CY2023Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	3000000.0
CY2022Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	4200000
CY2023Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	20000000.0
CY2022Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	23400000
CY2023Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	1890900000
CY2022Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	1869600000
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	7100000
CY2023	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	-29800000
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1942500000
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
CY2023	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	233400000
CY2022	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	335900000
CY2021	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	350900000
CY2023	trgp	Income Loss From Continuing Operations Before Tax IncomeLossFromContinuingOperationsBeforeTax	1709100000
CY2022	trgp	Income Loss From Continuing Operations Before Tax IncomeLossFromContinuingOperationsBeforeTax	1327300000
CY2021	trgp	Income Loss From Continuing Operations Before Tax IncomeLossFromContinuingOperationsBeforeTax	86000000.0
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
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
CY2023	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	358900000
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
CY2023	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-29800000
CY2022	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-177500000
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$TRGP
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2024 Q1 Form 10-K Financial Statement

#000095017024015841 Filed on February 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRGP Targa Resources Corp. Stock $trgp

2024 Q1 Form 10-K Financial Statement

#000095017024015841 Filed on February 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRGP
Targa Resources Corp. Stock $trgp