$TRGP
Targa Resources Corp. Stock $trgp

$trgp Overview Financials Valuation SEC Filings Company Website

2021 Q4 Form 10-K Financial Statement

#000156459022006563 Filed on February 24, 2022

Income Statement

Concept	2021 Q4	2021	2020 Q4
Revenue	$5.442B	$16.95B	$2.573B
YoY Change	111.5%	105.2%	4.0%
Cost Of Revenue	$4.570B	$13.73B	$1.758B
YoY Change	159.89%	168.94%	3.26%
Gross Profit	$871.9M	$3.220B	$814.5M
YoY Change	7.05%	2.07%	5.63%
Gross Profit Margin	16.02%	19.0%	31.66%
Selling, General & Admin	$80.80M	$285.4M	$74.00M
YoY Change	9.19%	6.1%	23.54%
% of Gross Profit	9.27%	8.86%	9.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$219.7M	$870.6M	$217.8M
YoY Change	0.87%	0.64%	-13.81%
% of Gross Profit	25.2%	27.03%	26.74%
Operating Expenses	$511.2M	$1.891B	$549.3M
YoY Change	-6.94%	-0.58%	-0.42%
Operating Profit	$360.7M	$1.329B	$265.2M
YoY Change	36.01%	6.1%	-1218.99%
Interest Expense	-$166.5M	-$387.9M	-$80.40M
YoY Change	107.09%	-0.87%	10.29%
% of Operating Profit	-46.16%	-29.18%	-30.32%
Other Income/Expense, Net	$200.0K	$100.0K	$1.500M
YoY Change	-86.67%	-96.15%	1400.0%
Pretax Income	-$257.9M	$436.9M	$184.5M
YoY Change	-239.78%	-127.77%	-298.39%
Income Tax	-$8.700M	$14.80M	$38.50M
% Of Pretax Income		3.39%	20.87%
Net Earnings	-$313.6M	$71.20M	$33.60M
YoY Change	-1033.33%	-104.58%	-322.52%
Net Earnings / Revenue	-5.76%	0.42%	1.31%
Basic Earnings Per Share		-$0.07
Diluted Earnings Per Share	-$1.372M	-$0.07	$146.6K
COMMON SHARES
Basic Shares Outstanding		228.6M
Diluted Shares Outstanding		228.6M

Balance Sheet

Concept	2021 Q4	2021	2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$158.5M	$158.5M	$243.0M
YoY Change	-34.77%	-34.77%	-26.59%
Cash & Equivalents	$158.5M	$158.5M	$242.8M
Short-Term Investments
Other Short-Term Assets	$82.90M	$126.0M	$87.70M
YoY Change	-5.47%	-27.17%	25.82%
Inventory	$153.4M	$153.4M	$181.5M
Prepaid Expenses
Receivables	$1.332B	$1.332B	$862.8M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.770B	$1.770B	$1.460B
YoY Change	21.19%	21.22%	-11.94%
LONG-TERM ASSETS
Property, Plant & Equipment	$11.67B	$11.72B	$12.17B
YoY Change	-4.16%	-4.15%	-16.32%
Goodwill	$45.20M		$45.20M
YoY Change	0.0%		0.0%
Intangibles
YoY Change
Long-Term Investments	$586.5M	$586.5M	$714.0M
YoY Change	-17.86%	-17.86%	-3.34%
Other Assets	$81.70M	-$6.600M	$96.10M
YoY Change	-14.98%	-113.75%	-3.03%
Total Long-Term Assets	$13.44B	$13.44B	$14.42B
YoY Change	-6.78%	-6.78%	-15.98%
TOTAL ASSETS
Total Short-Term Assets	$1.770B	$1.770B	$1.460B
Total Long-Term Assets	$13.44B	$13.44B	$14.42B
Total Assets	$15.21B	$15.21B	$15.88B
YoY Change	-4.2%	-4.21%	-15.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.402B	$1.402B	$833.8M
YoY Change	68.18%	68.14%	-12.67%
Accrued Expenses	$272.2M	$410.7M	$186.4M
YoY Change	46.03%	28.75%	5.43%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$162.8M	$162.8M	$369.0M
YoY Change	-55.88%	-55.88%	-3.4%
Total Short-Term Liabilities	$2.299B	$2.299B	$1.779B
YoY Change	29.2%	29.2%	-5.0%
LONG-TERM LIABILITIES
Long-Term Debt	$6.434B	$6.434B	$7.387B
YoY Change	-12.9%	-12.9%	-0.71%
Other Long-Term Liabilities	$301.6M	$410.9M	$309.1M
YoY Change	-2.43%	16.4%	1.15%
Total Long-Term Liabilities	$301.6M	$6.845B	$309.1M
YoY Change	-2.43%	-11.56%	1.15%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.299B	$2.299B	$1.779B
Total Long-Term Liabilities	$301.6M	$6.845B	$309.1M
Total Liabilities	$2.600B	$12.45B	$12.92B
YoY Change	-79.88%	-3.66%	493.15%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.822B
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$204.1M
YoY Change
Treasury Stock Shares	$7.884M
Shareholders Equity	$2.012B	$2.762B	$2.955B
YoY Change
Total Liabilities & Shareholders Equity	$15.21B	$15.21B	$15.88B
YoY Change	-4.21%	-4.21%	-15.62%

Cashflow Statement

Concept	2021 Q4	2021	2020 Q4
OPERATING ACTIVITIES
Net Income	-$313.6M	$71.20M	$33.60M
YoY Change	-1033.33%	-104.58%	-322.52%
Depreciation, Depletion And Amortization	$219.7M	$870.6M	$217.8M
YoY Change	0.87%	0.64%	-13.81%
Cash From Operating Activities	$504.1M	$2.303B	$648.8M
YoY Change	-22.3%	32.01%	37.81%
INVESTING ACTIVITIES
Capital Expenditures	-$183.5M	$505.1M	-$148.5M
YoY Change	23.57%	-46.92%	-66.53%
Acquisitions
YoY Change
Other Investing Activities	$9.900M	-$100.0K	$64.40M
YoY Change	-84.63%	-97.67%	-885.37%
Cash From Investing Activities	-$173.6M	-$473.2M	-$84.10M
YoY Change	106.42%	-35.89%	-81.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-400.6M	-1.914B	-596.9M
YoY Change	-32.89%	74.84%	4133.33%
NET CHANGE
Cash From Operating Activities	504.1M	2.303B	648.8M
Cash From Investing Activities	-173.6M	-473.2M	-84.10M
Cash From Financing Activities	-400.6M	-1.914B	-596.9M
Net Change In Cash	-70.10M	-84.30M	-32.20M
YoY Change	117.7%	-4.53%	-770.83%
FREE CASH FLOW
Cash From Operating Activities	$504.1M	$2.303B	$648.8M
Capital Expenditures	-$183.5M	$505.1M	-$148.5M
Free Cash Flow	$687.6M	$1.798B	$797.3M
YoY Change	-13.76%	126.74%	-12.82%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2021Q4	us-gaap	Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentGross
CY2020Q4	us-gaap	Finance Lease Right Of Use Asset Statement Of Financial Position Extensible List FinanceLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#PropertyPlantAndEquipmentGross
CY2021Q4	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#AccruedLiabilitiesCurrent
CY2020Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#OtherAssetsNoncurrent
CY2021Q4	trgp	Defined Contribution Plan Plans Name Extensible List DefinedContributionPlanPlansNameExtensibleList	http://www.targaresources.com/#FourZeroOneKPlansMember
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#OtherAssetsNoncurrent
CY2020Q4	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#AccruedLiabilitiesCurrent
CY2021Q4	us-gaap	Finance Lease Liability Current Statement Of Financial Position Extensible List FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#LiabilitiesCurrent
CY2020Q4	us-gaap	Finance Lease Liability Current Statement Of Financial Position Extensible List FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#LiabilitiesCurrent
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent
CY2020Q4	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#OtherLiabilitiesNoncurrent
CY2021Q4	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#LiabilitiesNoncurrent
CY2020Q4	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#LiabilitiesNoncurrent
CY2021Q4	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2021-01-31#OtherLiabilities
CY2020	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	2700000
CY2020Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1382400000
CY2020Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements Noncurrent DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent	49300000
CY2021	dei	Auditor Firm AuditorFirmId	238
CY2021	dei	Auditor Name AuditorName	PricewaterhouseCoopers LLP
CY2021	dei	Auditor Location AuditorLocation	Houston, Texas
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	158500000
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	242800000
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	1331900000
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	862800000
CY2021Q4	us-gaap	Inventory Net InventoryNet	153400000
CY2020Q4	us-gaap	Inventory Net InventoryNet	181500000
CY2021Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements Current DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent	43100000
CY2020Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements Current DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent	85500000
CY2020Q4	us-gaap	Other Assets Current OtherAssetsCurrent	87700000
CY2020Q4	us-gaap	Assets Current AssetsCurrent	1460300000
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	12173600000
CY2020Q4	us-gaap	Equity Method Investments EquityMethodInvestments	714000000.0
CY2020Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	96100000
CY2020Q4	us-gaap	Assets Assets	15875700000
CY2020Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	833800000
CY2020Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	186400000
CY2020Q4	trgp	Distributions Payable Current DistributionsPayableCurrent	115400000
CY2020Q4	us-gaap	Interest Payable Current InterestPayableCurrent	132600000
CY2020Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements Current DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent	142600000
CY2020Q4	trgp	Debt Current Net Of Issuance Cost DebtCurrentNetOfIssuanceCost	368600000
CY2021	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-16100000
CY2021	us-gaap	Profit Loss ProfitLoss	422100000
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
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CY2021	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	333000000.0
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
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CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5903200000
CY2021	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	95.00
CY2021	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.40
CY2021	us-gaap	Dividends Common Stock DividendsCommonStock	91500000
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7470800000
CY2019	us-gaap	Stock Granted During Period Value Sharebased Compensation Gross StockGrantedDuringPeriodValueSharebasedCompensationGross	60300000
CY2019	trgp	Distribution Equivalent Rights DistributionEquivalentRights	14200000
CY2019	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	13900000
CY2019	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	95.00
CY2019	us-gaap	Dividends Preferred Stock DividendsPreferredStock	91700000
CY2019	trgp	Deemed Preferred Stock Dividend Accretion Of Beneficial Conversion Feature DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature	33100000
CY2019	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	3.64
CY2019	us-gaap	Dividends Common Stock DividendsCommonStock	846800000
CY2019	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	294700000
CY2019	us-gaap	Noncontrolling Interest Increase From Subsidiary Equity Issuance NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance	555300000
CY2019	us-gaap	Noncontrolling Interest Increase From Sale Of Parent Equity Interest NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest	1611500000
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CY2019	us-gaap	Profit Loss ProfitLoss	41200000
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
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CY2020	us-gaap	Preferred Stock Dividends Per Share Declared PreferredStockDividendsPerShareDeclared	95.00
CY2020	us-gaap	Dividends Preferred Stock DividendsPreferredStock	91700000
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CY2020	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	2195000000.0
CY2021	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1455000000.0
CY2020	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	1795000000.0
CY2021	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	630000000.0
CY2020	us-gaap	Proceeds From Accounts Receivable Securitization ProceedsFromAccountsReceivableSecuritization	576400000
CY2021	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	830000000.0
CY2020	us-gaap	Repayments Of Accounts Receivable Securitization RepaymentsOfAccountsReceivableSecuritization	596400000
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
CY2021	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	1132000000.0
CY2020	us-gaap	Repayments Of Senior Debt RepaymentsOfSeniorDebt	1390600000
CY2021	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	12500000
CY2019	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	11500000
CY2021	us-gaap	Payment Of Financing And Stock Issuance Costs PaymentOfFinancingAndStockIssuanceCosts	9600000
CY2019	us-gaap	Payment For Contingent Consideration Liability Financing Activities PaymentForContingentConsiderationLiabilityFinancingActivities	317100000
CY2021	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	53200000
CY2020	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	97400000
CY2019	us-gaap	Payments For Repurchase Of Equity PaymentsForRepurchaseOfEquity	13900000
CY2019	trgp	Proceeds From Sale Of Ownership Interests In Subsidiaries ProceedsFromSaleOfOwnershipInterestsInSubsidiaries	1619700000
CY2021	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	15800000
CY2020	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	41500000
CY2019	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	555300000
CY2020	trgp	Redemption Of Preferred Units RedemptionOfPreferredUnits	125000000.0
CY2021	trgp	Payments Of Dividends To Noncontrolling Interests PaymentsOfDividendsToNoncontrollingInterests	500000000.0
CY2020	trgp	Payments Of Dividends To Noncontrolling Interests PaymentsOfDividendsToNoncontrollingInterests	439200000
CY2020	trgp	Partial Repurchase Of Series A Preferred Stock PartialRepurchaseOfSeriesAPreferredStock	45800000
CY2020	us-gaap	Distribution Made To Limited Partner Cash Distributions Paid DistributionMadeToLimitedPartnerCashDistributionsPaid	11700000
CY2021	trgp	Payments Of Ordinary Dividends Common And Preferred Shareholders PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders	187500000
CY2020	trgp	Payments Of Ordinary Dividends Common And Preferred Shareholders PaymentsOfOrdinaryDividendsCommonAndPreferredShareholders	384200000
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
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
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	232100000
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
CY2021	us-gaap	Nature Of Operations NatureOfOperations	<p id="NOTE_1_ORGANIZATION_OPERATIONS" style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Note 1 — Organization and Operations</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Our Organization</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Targa Resources Corp. (“TRC”) owns, operates, acquires, and develops a diversified portfolio of complementary domestic midstream infrastructure assets.</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In this Annual Report, unless the context requires otherwise, references to “we,” “us,” “our,” “the Company” or “Targa” are intended to mean our consolidated business and operations. TRC 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” or “TRP.” Targa consolidates TRP and its subsidiaries under accounting principles generally accepted in the United States of America (“GAAP”). Targa’s consolidated financial statements include differences from the consolidated financial statements of TRP; however, such differences are immaterial. Such immaterial differences include:</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">the inclusion of the TRC revolving credit facility; </span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">the inclusion of Series A Preferred Stock (“Series A Preferred”); and</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">the impacts of TRC’s treatment as a corporation for U.S. federal income tax purposes.</span><span style="font-weight:bold;font-style:italic;color:#000000;"> </span></p></td></tr></table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Our Operations</p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company is primarily engaged in the business of: </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas;</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">transporting, storing, fractionating, treating, and purchasing and selling NGLs and NGL products, including services to LPG exporters; and</span></p></td></tr></table></div> <div style="align:left;"> <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse; width:100%;"> <tr> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"> </p></td> <td style="width:4.54%;white-space:nowrap" valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"><span style="font-weight:normal;font-style:normal;text-decoration:none;Background-color:#auto;color:#auto;font-size:10pt;font-family:'Times New Roman';text-transform:none;font-variant: normal;letter-spacing:0pt;"/><span style="font-size:10pt;font-family:'Times New Roman'">•</span></p></td> <td valign="top"> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;font-weight:normal;font-style:normal;color:#auto;text-transform:none;font-variant: normal;letter-spacing:0pt;font-family:Times New Roman;font-size:10pt;"><span style="Background-color:#auto;text-decoration:none;"/><span style="color:#000000;">gathering, storing, terminaling, and purchasing and selling crude oil.</span></p></td></tr></table></div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">See Note 25 – Segment Information for certain financial information regarding our business segments.</p>
CY2021	us-gaap	Use Of Estimates UseOfEstimates	<p style="margin-top:10pt;text-align:justify;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;color:#000000;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="Background-color:#FFFFFF;margin-top:10pt;text-align:justify;margin-bottom:0pt;text-indent:0%;color:#000000;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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<span style="Background-color:#FFFFFF;">. </span>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,<span style="Background-color:#FFFFFF;"> among other things, (1) estimating unbilled revenues, product purchases and operating and general and administrative cost accruals, (2) developing fair value assumptions, including estimates of future cash flows and discount rates, (3) analyzing long-lived assets for possible impairment, (4) estimating the useful lives of assets, (5) estimating contingencies, guarantees and indemnifications and (6) estimating redemption value of mandatorily redeemable preferred interests.</span></p>
CY2021Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	2642900000
CY2021	us-gaap	Acquired Finite Lived Intangible Assets Weighted Average Useful Life AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife	P11Y3M18D
CY2020Q2	trgp	Debt Instrument Repurchased Amount Book Value DebtInstrumentRepurchasedAmountBookValue	303300000
	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	61100000
	trgp	Interest And Debt Income Expense InterestAndDebtIncomeExpense	63500000
	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	2400000
CY2020Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	45500000
CY2021Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	13700000
CY2020	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	208600000
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	131000000.0
CY2020	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	144000000.0
CY2020Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	2643500000
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1548100000
CY2020Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	1261100000
CY2020Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	18700000
CY2021Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	6434400000
CY2020Q4	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	7387100000
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	11667700000
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	12173600000
CY2021Q4	us-gaap	Long Term Debt LongTermDebt	6597200000
CY2020Q4	us-gaap	Long Term Debt LongTermDebt	7755700000
CY2021	trgp	Interest And Debt Income Expense InterestAndDebtIncomeExpense	-16600000
CY2020	trgp	Interest And Debt Income Expense InterestAndDebtIncomeExpense	45600000
CY2019	trgp	Interest And Debt Income Expense InterestAndDebtIncomeExpense	-1400000
CY2021Q4	trgp	Fractionation Related Infrastructure Funded And Owned Percentage FractionationRelatedInfrastructureFundedAndOwnedPercentage	1
CY2019Q4	trgp	Sale Price Of Delaware Crude System SalePriceOfDelawareCrudeSystem	134000000
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	20596100000
CY2020Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	20185000000.0
CY2021Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	8928400000
CY2020Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	8011400000
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1094800000
CY2020Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1382400000
CY2021	us-gaap	Depreciation Depreciation	739600000
CY2020	us-gaap	Depreciation Depreciation	721100000
CY2019	us-gaap	Depreciation Depreciation	800000000.0
CY2021Q4	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	452300000
CY2020Q1	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	2442800000
CY2019Q4	us-gaap	Asset Impairment Charges AssetImpairmentCharges	225300000
CY2021Q4	trgp	Weighted Average Discount Rate Percentage WeightedAverageDiscountRatePercentage	0.095
CY2020Q4	trgp	Weighted Average Discount Rate Percentage WeightedAverageDiscountRatePercentage	0.140
CY2019Q4	trgp	Weighted Average Discount Rate Percentage WeightedAverageDiscountRatePercentage	0.085
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	131000000.0
CY2020	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	144000000.0
CY2019	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	171600000
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	112000000.0
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	106800000
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	103000000.0
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	99900000
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	97600000
CY2020Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1382400000
CY2019Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1735000000.0
CY2021	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	156600000
CY2021Q4	us-gaap	Goodwill Goodwill	45200000
CY2020Q4	us-gaap	Goodwill Goodwill	45200000
CY2019Q4	us-gaap	Disposal Group Including Discontinued Operation Consideration DisposalGroupIncludingDiscontinuedOperationConsideration	73800000
CY2020Q1	us-gaap	Business Combination Contingent Consideration Liability Current BusinessCombinationContingentConsiderationLiabilityCurrent	3500000
CY2019	us-gaap	Equity Method Investment Realized Gain Loss On Disposal EquityMethodInvestmentRealizedGainLossOnDisposal	69300000
CY2021Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	71300000
CY2020Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	44400000
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
CY2021Q4	trgp	Debt Instrument Carrying Amount Net DebtInstrumentCarryingAmountNet	6615700000
CY2021Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	150000000.0
CY2021Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	0
CY2021Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	0
CY2021Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	0
CY2021Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	963200000
CY2021Q4	us-gaap	Collateralized Financings CollateralizedFinancings	150000000.0
CY2020Q4	us-gaap	Collateralized Financings CollateralizedFinancings	350000000.0
CY2021Q4	us-gaap	Debt Current DebtCurrent	150000000.0
CY2020Q2	us-gaap	Debt Instrument Repurchase Amount DebtInstrumentRepurchaseAmount	239800000
CY2021Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	5502500000
CY2020Q4	us-gaap	Debt Current DebtCurrent	356500000
CY2021Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	12800000
CY2020Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	12100000
CY2021Q4	trgp	Debt Current Net Of Issuance Cost DebtCurrentNetOfIssuanceCost	162800000
CY2020Q4	trgp	Debt Current Net Of Issuance Cost DebtCurrentNetOfIssuanceCost	368600000
CY2021Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	6465700000
CY2020Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	7413900000
CY2021Q4	us-gaap	Unamortized Debt Issuance Expense UnamortizedDebtIssuanceExpense	45000000.0
CY2021Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	13700000
CY2020Q4	us-gaap	Finance Lease Liability Noncurrent FinanceLeaseLiabilityNoncurrent	18700000
CY2021	us-gaap	Operating Lease Cost OperatingLeaseCost	12200000
CY2020	us-gaap	Operating Lease Cost OperatingLeaseCost	11600000
CY2019	us-gaap	Operating Lease Cost OperatingLeaseCost	9900000
CY2020	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	3800000
CY2019	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	3900000
CY2020Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	12100000
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	34500000
CY2020Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	46200000
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	171800000
CY2020Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	168500000
CY2021Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	72100000
CY2020Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	68300000
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	34500000
CY2020Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	46200000
CY2021Q4	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	23200000
CY2020Q4	us-gaap	Other Sundry Liabilities Noncurrent OtherSundryLiabilitiesNoncurrent	26100000
CY2021Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	301600000
CY2020Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	309100000
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	171800000
CY2020Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	168500000
CY2021	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	3900000
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	171800000
CY2020Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	168500000
CY2020Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	168500000
CY2019Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	172000000.0
CY2021	trgp	Contract With Customer Liability Increase From Cash Receipts ContractWithCustomerLiabilityIncreaseFromCashReceipts	7200000
CY2020	trgp	Contract With Customer Liability Increase From Cash Receipts ContractWithCustomerLiabilityIncreaseFromCashReceipts	300000
CY2021	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	3900000
CY2020	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	3800000
CY2021Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	171800000
CY2020Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	168500000
CY2020Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	68300000
CY2019Q4	us-gaap	Asset Retirement Obligation AssetRetirementObligation	66300000
CY2021	us-gaap	Asset Retirement Obligation Accretion Expense AssetRetirementObligationAccretionExpense	4000000.0
CY2020	trgp	Retirement Of Aro Including Adjustment RetirementOfAROIncludingAdjustment	-200000
CY2021	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	-200000
CY2020	us-gaap	Asset Retirement Obligation Revision Of Estimate AssetRetirementObligationRevisionOfEstimate	-1800000
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	50800000
CY2020Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	52700000
CY2021Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	55600000
CY2020Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	51800000
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	11700000
CY2020Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	12000000.0
CY2021Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	12800000
CY2021	us-gaap	Short Term Lease Cost ShortTermLeaseCost	20400000
CY2020	us-gaap	Short Term Lease Cost ShortTermLeaseCost	20700000
CY2019	us-gaap	Short Term Lease Cost ShortTermLeaseCost	30000000.0
CY2021	us-gaap	Variable Lease Cost VariableLeaseCost	5700000
CY2020	us-gaap	Variable Lease Cost VariableLeaseCost	5500000
CY2019	us-gaap	Variable Lease Cost VariableLeaseCost	6700000
CY2021	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	13300000
CY2020	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	13600000
CY2019	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	13100000
CY2021	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	1100000
CY2020	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	1400000
CY2019	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	1600000
CY2021	us-gaap	Lease Cost LeaseCost	52700000
CY2020	us-gaap	Lease Cost LeaseCost	52800000
CY2019	us-gaap	Lease Cost LeaseCost	61300000
CY2021Q4	us-gaap	Finance Lease Liability Payments Due Year Three FinanceLeaseLiabilityPaymentsDueYearThree	3500000
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	4200000
CY2021Q4	us-gaap	Finance Lease Liability Payments Due Year Four FinanceLeaseLiabilityPaymentsDueYearFour	2200000
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	3900000
CY2021Q4	us-gaap	Finance Lease Liability Payments Due Year Five FinanceLeaseLiabilityPaymentsDueYearFive	1100000
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	11600000
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	51600000
CY2021Q4	us-gaap	Finance Lease Liability Payments Due FinanceLeaseLiabilityPaymentsDue	27900000
CY2021	us-gaap	Operating Lease Payments OperatingLeasePayments	14100000
CY2020	us-gaap	Operating Lease Payments OperatingLeasePayments	12300000
CY2019	us-gaap	Operating Lease Payments OperatingLeasePayments	8700000
CY2021	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	1000000.0
CY2020	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	1400000
CY2019	us-gaap	Finance Lease Interest Payment On Liability FinanceLeaseInterestPaymentOnLiability	1600000
CY2021	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	12500000
CY2020	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	12400000
CY2019	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	11500000
CY2021Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P6Y
CY2021Q4	us-gaap	Finance Lease Weighted Average Remaining Lease Term1 FinanceLeaseWeightedAverageRemainingLeaseTerm1	P3Y
CY2021Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.040
CY2021Q4	us-gaap	Finance Lease Weighted Average Discount Rate Percent FinanceLeaseWeightedAverageDiscountRatePercent	0.034
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	13300000
CY2021Q4	us-gaap	Finance Lease Liability Payments Due Next Twelve Months FinanceLeaseLiabilityPaymentsDueNextTwelveMonths	13100000
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	11500000
CY2021Q4	us-gaap	Finance Lease Liability Payments Due Year Two FinanceLeaseLiabilityPaymentsDueYearTwo	8000000.0
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	7100000
CY2021Q4	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	5400000
CY2021Q4	us-gaap	Finance Lease Liability Undiscounted Excess Amount FinanceLeaseLiabilityUndiscountedExcessAmount	1400000
CY2021Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	46200000
CY2021Q4	us-gaap	Finance Lease Liability FinanceLeaseLiability	26500000
CY2016Q1	trgp	Number Of Tranches NumberOfTranches	2
CY2021Q4	trgp	Preferred Stock Dividends Payable Current PreferredStockDividendsPayableCurrent	21800000
CY2021	us-gaap	Dividend Payable Date To Be Paid Day Month And Year DividendPayableDateToBePaidDayMonthAndYear	2022-02-14
CY2021	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	87300000
CY2020	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	91700000
CY2019	us-gaap	Dividends Preferred Stock Cash DividendsPreferredStockCash	91700000
CY2021	us-gaap	Preferred Stock Dividends Per Share Cash Paid PreferredStockDividendsPerShareCashPaid	23.75
CY2020	trgp	Deemed Preferred Stock Dividend DeemedPreferredStockDividend	39200000
CY2019	trgp	Deemed Preferred Stock Dividend DeemedPreferredStockDividend	33100000
CY2021	us-gaap	Partners Capital Account Contributions PartnersCapitalAccountContributions	46000000.0
CY2020	us-gaap	Partners Capital Account Contributions PartnersCapitalAccountContributions	50000000.0
CY2019	us-gaap	Partners Capital Account Contributions PartnersCapitalAccountContributions	200000000.0
CY2020Q4	us-gaap	Partners Capital Account Units Redeemed PartnersCapitalAccountUnitsRedeemed	5000000
CY2020Q4	us-gaap	Preferred Stock Redemption Price Per Share PreferredStockRedemptionPricePerShare	25.00
CY2020Q4	trgp	Unpaid Distributions To Partner UnpaidDistributionsToPartner	500000
CY2020	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	4900000
CY2020	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	15100000
CY2019	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	11300000
CY2021	us-gaap	Net Income Loss NetIncomeLoss	71200000
CY2020	us-gaap	Net Income Loss NetIncomeLoss	-1553900000
CY2019	us-gaap	Net Income Loss NetIncomeLoss	-209200000
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
CY2019	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-334000000.0
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	228600000
CY2020	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	232200000
CY2019	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	232500000
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	228600000
CY2020	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	232200000
CY2019	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	232500000
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.07
CY2020	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-7.26
CY2019	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-1.44
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.07
CY2020	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-7.26
CY2019	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-1.44
CY2019	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-89200000
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
CY2020Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements Current DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent	85500000
CY2020Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements Current DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent	142600000
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
CY2020Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements Noncurrent DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent	49300000
CY2020Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements Noncurrent DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent	43400000
CY2021Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements DerivativeAssetBeforeEffectsOfMasterNettingArrangements	50800000
CY2021Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements DerivativeLiabilityBeforeEffectsOfMasterNettingArrangements	-367500000
CY2020Q4	trgp	Derivative Asset Before Effects Of Master Netting Arrangements DerivativeAssetBeforeEffectsOfMasterNettingArrangements	134800000
CY2020Q4	trgp	Derivative Liability Before Effects Of Master Netting Arrangements DerivativeLiabilityBeforeEffectsOfMasterNettingArrangements	-186000000.0
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
CY2020Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	134800000
CY2020Q4	us-gaap	Derivative Asset Fair Value Gross Liability DerivativeAssetFairValueGrossLiability	186000000.0
CY2020Q4	trgp	Derivative Collateral Obligation Right To Return Reclaim Securities DerivativeCollateralObligationRightToReturnReclaimSecurities	29800000
CY2020Q4	us-gaap	Derivative Assets DerivativeAssets	46200000
CY2020Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	67600000
CY2021Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	316700000
CY2020	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-116600000
CY2021Q4	trgp	Price Risk Cash Flow Hedge Gain Loss Expected To Reclassify Into Earnings PriceRiskCashFlowHedgeGainLossExpectedToReclassifyIntoEarnings	-304000000.0
CY2021Q4	us-gaap	Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months	-225900000
CY2021Q4	us-gaap	Derivative Fair Value Of Derivative Net DerivativeFairValueOfDerivativeNet	316700000
CY2021Q4	trgp	Derivative Fair Value Of Asset Liability Net If Commodity Price Increases By10 Percent DerivativeFairValueOfAssetLiabilityNetIfCommodityPriceIncreasesBy10Percent	-458300000
CY2021Q4	trgp	Derivative Fair Value Of Asset Liability Net If Commodity Price Decreases By10 Percent DerivativeFairValueOfAssetLiabilityNetIfCommodityPriceDecreasesBy10Percent	-175100000
CY2021	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
CY2019	us-gaap	Asset Impairment Charges AssetImpairmentCharges	225300000
CY2021	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-2000000.0
CY2020	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-58400000
CY2019	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-71100000
CY2021	trgp	Write Downs Of Asset WriteDownsOfAsset	10300000
CY2020	trgp	Write Downs Of Asset WriteDownsOfAsset	55600000
CY2019	trgp	Write Downs Of Asset WriteDownsOfAsset	17900000
CY2021	us-gaap	Other Expenses OtherExpenses	100000
CY2020	us-gaap	Other Expenses OtherExpenses	2600000
CY2019	us-gaap	Other Expenses OtherExpenses	200000
CY2021	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-12400000
CY2021	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-2000000.0
CY2020	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-58400000
CY2019	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-71100000
CY2021	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	2700000
CY2020	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	-15400000
CY2019	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	0
CY2021	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	12100000
CY2020	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-232700000
CY2019	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-87900000
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14800000
CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-248100000
CY2019	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-87900000
CY2021Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	1411300000
CY2020Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	1573500000
CY2021Q4	us-gaap	Deferred Tax Assets Other Tax Carryforwards DeferredTaxAssetsOtherTaxCarryforwards	0
CY2020Q4	us-gaap	Deferred Tax Assets Other Tax Carryforwards DeferredTaxAssetsOtherTaxCarryforwards	0
CY2021Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	1411300000
CY2020Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	1573500000
CY2021Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	210600000
CY2020Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	196500000
CY2021Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	1200700000
CY2020Q4	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	1377000000.0
CY2021Q4	us-gaap	Deferred Tax Liabilities Investment In Noncontrolled Affiliates DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates	1323000000.0
CY2020Q4	us-gaap	Deferred Tax Liabilities Investment In Noncontrolled Affiliates DeferredTaxLiabilitiesInvestmentInNoncontrolledAffiliates	1519400000
CY2021Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	4100000
CY2020Q4	us-gaap	Deferred Tax Liabilities Property Plant And Equipment DeferredTaxLiabilitiesPropertyPlantAndEquipment	4000000.0
CY2021Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	9600000
CY2020Q4	us-gaap	Deferred Tax Liabilities Other DeferredTaxLiabilitiesOther	5700000
CY2021Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	1336700000
CY2020Q4	us-gaap	Deferred Income Tax Liabilities DeferredIncomeTaxLiabilities	1529100000
CY2021Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	136000000.0
CY2020Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	152100000
CY2021Q4	trgp	Federal Deferred Tax Balance FederalDeferredTaxBalance	-106700000
CY2020Q4	trgp	Federal Deferred Tax Balance FederalDeferredTaxBalance	-147700000
CY2021Q4	trgp	State Deferred Tax Balance StateDeferredTaxBalance	-29300000
CY2020Q4	trgp	State Deferred Tax Balance StateDeferredTaxBalance	-4400000
CY2021Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	136000000.0
CY2020Q4	us-gaap	Deferred Tax Liabilities DeferredTaxLiabilities	152100000
CY2021	trgp	Additional Income Tax Expense AdditionalIncomeTaxExpense	23300000
CY2021Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	6000000000.0
CY2021Q4	trgp	Tax Cuts And Jobs Act Of2017 Incomplete Accounting Percentage Of Net Operating Losses TaxCutsAndJobsActOf2017IncompleteAccountingPercentageOfNetOperatingLosses	0.80
CY2020Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	196500000
CY2021Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	210600000
CY2021	us-gaap	Valuation Allowance Deferred Tax Asset Change In Amount ValuationAllowanceDeferredTaxAssetChangeInAmount	14100000
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
CY2019	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-46700000
CY2021	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	350900000
CY2020	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	228900000
CY2019	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	250400000
CY2021	trgp	Income Loss From Continuing Operations Before Tax IncomeLossFromContinuingOperationsBeforeTax	86000000.0
CY2020	trgp	Income Loss From Continuing Operations Before Tax IncomeLossFromContinuingOperationsBeforeTax	-1802000000.0
CY2019	trgp	Income Loss From Continuing Operations Before Tax IncomeLossFromContinuingOperationsBeforeTax	-297100000
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
CY2019	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
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
CY2019	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-62400000
CY2021	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	14100000
CY2020	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	194200000
CY2019	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	0
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
CY2019	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-5800000
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
CY2019	trgp	Income Tax Rate Reconciliation Cares Act Net Operating Loss Carry Back IncomeTaxRateReconciliationCARESActNetOperatingLossCarryBack	0
CY2021	trgp	Income Tax Reconciliation Return To Provision IncomeTaxReconciliationReturnToProvision	-39300000
CY2020	trgp	Income Tax Reconciliation Return To Provision IncomeTaxReconciliationReturnToProvision	0
CY2019	trgp	Income Tax Reconciliation Return To Provision IncomeTaxReconciliationReturnToProvision	0
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
CY2019	us-gaap	Income Tax Reconciliation Change In Enacted Tax Rate IncomeTaxReconciliationChangeInEnactedTaxRate	-14400000
CY2021	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	4100000
CY2020	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	4500000
CY2019	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	-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
CY2019	us-gaap	Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount	0
CY2021	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	800000
CY2020	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	-300000
CY2019	us-gaap	Income Tax Reconciliation Other Reconciling Items IncomeTaxReconciliationOtherReconcilingItems	1000000.0
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14800000
CY2021Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	69200000
CY2021	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y10M24D
CY2020	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-248100000
CY2019	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-87900000
CY2021Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0
CY2021	us-gaap	Interest Paid Net InterestPaidNet	356000000.0
CY2020	us-gaap	Interest Paid Net InterestPaidNet	374100000
CY2019	us-gaap	Interest Paid Net InterestPaidNet	287700000
CY2021	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1300000
CY2020	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	43700000
CY2019	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-1900000
CY2021	trgp	Non Cash Adjustment To Line Fill NonCashAdjustmentToLineFill	-15000000.0
CY2020	trgp	Non Cash Adjustment To Line Fill NonCashAdjustmentToLineFill	5300000
CY2019	trgp	Non Cash Adjustment To Line Fill NonCashAdjustmentToLineFill	21800000
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
CY2019	trgp	Transfers From Materials And Supplies To Property Plant And Equipment TransfersFromMaterialsAndSuppliesToPropertyPlantAndEquipment	25100000
CY2021	trgp	Asset Retirement Obligation Revision Of Estimate And Additions AssetRetirementObligationRevisionOfEstimateAndAdditions	-200000
CY2020	trgp	Asset Retirement Obligation Revision Of Estimate And Additions AssetRetirementObligationRevisionOfEstimateAndAdditions	-1800000
CY2019	trgp	Asset Retirement Obligation Revision Of Estimate And Additions AssetRetirementObligationRevisionOfEstimateAndAdditions	6700000
CY2021	trgp	Changes In Accrued Distributions To Noncontrolling Interests ChangesInAccruedDistributionsToNoncontrollingInterests	-50900000
CY2020	trgp	Changes In Accrued Distributions To Noncontrolling Interests ChangesInAccruedDistributionsToNoncontrollingInterests	-5200000
CY2019	trgp	Changes In Accrued Distributions To Noncontrolling Interests ChangesInAccruedDistributionsToNoncontrollingInterests	91700000
CY2021Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	3100000
CY2020Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	5400000
CY2019Q4	us-gaap	Dividends Payable Current And Noncurrent DividendsPayableCurrentAndNoncurrent	14200000
CY2020	trgp	Deemed Preferred Stock Dividend Accretion Of Beneficial Conversion Feature DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature	37600000
CY2019	trgp	Deemed Preferred Stock Dividend Accretion Of Beneficial Conversion Feature DeemedPreferredStockDividendAccretionOfBeneficialConversionFeature	33100000
CY2019	trgp	Non Cash Balance Sheet Movements Related To Trade Receivables Held For Sale NonCashBalanceSheetMovementsRelatedToTradeReceivablesHeldForSale	6900000
CY2019	trgp	Non Cash Balance Sheet Movements Related To Intangible Assets Net Accumulated Amortization And Estimated Loss On Sale Held For Sale NonCashBalanceSheetMovementsRelatedToIntangibleAssetsNetAccumulatedAmortizationAndEstimatedLossOnSaleHeldForSale	52100000
CY2019	trgp	Non Cash Balance Sheet Movements Related To Goodwill Held For Sale NonCashBalanceSheetMovementsRelatedToGoodwillHeldForSale	1400000
CY2019	trgp	Non Cash Balance Sheet Movements Related To Property Plant And Equipment Net Held For Sale NonCashBalanceSheetMovementsRelatedToPropertyPlantAndEquipmentNetHeldForSale	77300000
CY2019	trgp	Non Cash Balance Sheet Movements Related To Accounts Payable And Accrued Liabilities Held For Sale NonCashBalanceSheetMovementsRelatedToAccountsPayableAndAccruedLiabilitiesHeldForSale	6200000
CY2019	trgp	Non Cash Balance Sheet Movements Related To Other Long Term Obligations Held For Sale NonCashBalanceSheetMovementsRelatedToOtherLongTermObligationsHeldForSale	200000
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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
CY2019	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	10100000
CY2021	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	4100000
CY2020	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	33000000.0
CY2019	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	61800000
CY2021	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	59200000
CY2020	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	66300000
CY2019	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	61800000
CY2021	us-gaap	Defined Contribution Plan Employer Matching Contribution Percent Of Match DefinedContributionPlanEmployerMatchingContributionPercentOfMatch	1
CY2021	us-gaap	Defined Contribution Plan Maximum Annual Contributions Per Employee Percent DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent	0.05
CY2021	trgp	Defined Contribution Plan Additional Contribution Per Employee Made By Employer Percent DefinedContributionPlanAdditionalContributionPerEmployeeMadeByEmployerPercent	0.03
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CY2021	us-gaap	Defined Contribution Plan Cost Recognized DefinedContributionPlanCostRecognized	21800000
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CY2021	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2
CY2021	us-gaap	Revenues Revenues	16949800000
CY2020	us-gaap	Revenues Revenues	8260300000
CY2019	us-gaap	Revenues Revenues	8671100000
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
CY2019	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	7397900000
CY2021	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	-490600000
CY2020	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	296900000
CY2019	us-gaap	Revenue Not From Contract With Customer RevenueNotFromContractWithCustomer	-4100000
CY2021	us-gaap	Revenues Revenues	16949800000
CY2020	us-gaap	Revenues Revenues	8260300000
CY2021	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	870600000
CY2020	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	865100000
CY2019	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	971600000
CY2021	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	273200000
CY2020	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	254600000
CY2019	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	280700000
CY2021	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	452300000
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CY2019	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	225300000
CY2021	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-387900000
CY2020	us-gaap	Interest Income Expense Nonoperating Net InterestIncomeExpenseNonoperatingNet	-391300000
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CY2021	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-23900000
CY2020	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	72600000
CY2019	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	39000000.0
CY2021	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-2000000.0
CY2020	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-58400000
CY2019	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	-71100000
CY2021	trgp	Write Downs Of Asset WriteDownsOfAsset	10300000
CY2020	trgp	Write Downs Of Asset WriteDownsOfAsset	55600000
CY2019	trgp	Write Downs Of Asset WriteDownsOfAsset	17900000
CY2021	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-16600000
CY2020	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	45600000
CY2019	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-1400000
CY2019	us-gaap	Equity Method Investment Realized Gain Loss On Disposal EquityMethodInvestmentRealizedGainLossOnDisposal	69300000
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
CY2019	us-gaap	Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1 BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1	8700000
CY2021	trgp	Other Operating And Non Operating Income Expense Net OtherOperatingAndNonOperatingIncomeExpenseNet	100000
CY2020	trgp	Other Operating And Non Operating Income Expense Net OtherOperatingAndNonOperatingIncomeExpenseNet	800000
CY2019	trgp	Other Operating And Non Operating Income Expense Net OtherOperatingAndNonOperatingIncomeExpenseNet	-200000
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
CY2019	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-46700000

Files In Submission

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$TRGP
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2021 Q4 Form 10-K Financial Statement

#000156459022006563 Filed on February 24, 2022

Income Statement

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Facts In Submission

Files In Submission

$TRGP Targa Resources Corp. Stock $trgp

2021 Q4 Form 10-K Financial Statement

#000156459022006563 Filed on February 24, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TRGP
Targa Resources Corp. Stock $trgp