CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 173.6	$ 291.1
Trade receivables, net of allowances of $0.1 and $0.0 million at June 30, 2020 and December 31, 2019	547.3	855.2
Inventories	219.3	161.5
Assets from risk management activities	122.0	103.3
Deposits	95.2	35.4
Held for sale assets		137.7
Other current assets	31.5	18.8
Total current assets	1,188.9	1,603.0
Property, plant and equipment, net	12,417.5	14,549.0
Intangible assets, net	1,452.8	1,735.0
Long-term assets from risk management activities	43.3	35.5
Investments in unconsolidated affiliates	724.3	738.7
Other long-term assets	89.5	83.3
Total assets	15,916.3	18,744.5
Current liabilities:
Accounts payable	608.7	977.8
Accrued liabilities	75.0	88.7
Interest payable	144.3	125.4
Distributions payable to noncontrolling interests	89.9	91.8
Accounts payable to Targa Resources Corp.	190.4	193.8
Liabilities from risk management activities	80.5	104.1
Current debt obligations	261.9	382.2
Held for sale liabilities		6.4
Total current liabilities	1,450.7	1,970.2
Long-term debt	7,144.6	7,005.2
Long-term liabilities from risk management activities	52.9	40.8
Deferred income taxes, net	23.0	23.0
Other long-term liabilities	266.2	260.0
Contingencies (see Note 11)
Owners' equity:
Series A preferred limited partners (5,000,000 and 5,000,000 units issued and 5,000,000 and 5,000,000 outstanding as of June 30, 2020 and December 31, 2019)	120.6	120.6
Common limited partners (275,168,410 and 275,168,410 units issued and 275,168,410 and 275,168,410 outstanding as of June 30, 2020 and December 31, 2019)	2,865.2	5,022.7
General partner (5,629,136 and 5,629,136 units issued and 5,629,136 and 5,629,136 outstanding as of June 30, 2020 and December 31, 2019)	733.8	778.0
Accumulated other comprehensive income (loss)	28.4	122.5
Partners' Capital	3,748.0	6,043.8
Noncontrolling interests	3,230.9	3,401.5
Total owners' equity	6,978.9	9,445.3
Total liabilities and owners' equity	$ 15,916.3	$ 18,744.5