XML 49 R37.htm IDEA: XBRL DOCUMENT v3.20.2
Debt Obligations (Details) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current:    
Accounts receivable securitization facility, due April 2021 [1] $ 250.0 $ 370.0
Finance lease liabilities 11.9 12.2
Current debt obligations 261.9 382.2
Long-term [Abstract]    
Long-term debt including unamortized premium (discount) 7,165.1 7,028.5
Debt issuance costs, net of amortization (43.7) (49.1)
Finance lease liabilities 23.2 25.8
Long-term debt 7,144.6 7,005.2
Total debt obligations 7,406.5 7,387.4
Irrevocable standby letters of credit outstanding [2] 56.8 88.2
Senior Unsecured Notes [Member] | Senior Unsecured 5 1/4% Notes due May 2023 [Member]    
Long-term [Abstract]    
Long-term debt 559.6 559.6
Senior Unsecured Notes [Member] | Senior Unsecured 4 1/4% Notes due November 2023 [Member]    
Long-term [Abstract]    
Long-term debt 583.9 583.9
Senior Unsecured Notes [Member] | Senior Unsecured 6 3/4% Notes due March 2024 [Member]    
Long-term [Abstract]    
Long-term debt 580.1 580.1
Senior Unsecured Notes [Member] | Senior Unsecured 5 1/8% Notes due February 2025 [Member]    
Long-term [Abstract]    
Long-term debt 481.0 500.0
Senior Unsecured Notes [Member] | Senior Unsecured 5⅞% Notes due April 2026 [Member]    
Long-term [Abstract]    
Long-term debt 963.2 1,000.0
Senior Unsecured Notes [Member] | Senior Unsecured 5 3/8% Notes due February 2027 [Member]    
Long-term [Abstract]    
Long-term debt 468.1 500.0
Senior Unsecured Notes [Member] | Senior Unsecured 6 1/2% Notes due July 2027 [Member]    
Long-term [Abstract]    
Long-term debt 705.2 750.0
Senior Unsecured Notes [Member] | Senior Unsecured 5% Notes due January 2028 [Member]    
Long-term [Abstract]    
Long-term debt 700.3 750.0
Senior Unsecured Notes [Member] | Senior Unsecured 6 7/8% Notes due January 2029 [Member]    
Long-term [Abstract]    
Long-term debt 679.3 750.0
Senior Unsecured Notes [Member] | Senior Unsecured 5 1/2 % Notes due March 2030 [Member]    
Long-term [Abstract]    
Long-term debt 949.6 1,000.0
Senior Unsecured Notes [Member] | Targa Pipeline Partners LP [Member] | Senior Unsecured 4 3/4% Notes due November 2021 [Member]    
Long-term [Abstract]    
Long-term debt [3] 6.5 6.5
Senior Unsecured Notes [Member] | Targa Pipeline Partners LP [Member] | Senior Unsecured 5 7/8% Notes due August 2023 [Member]    
Long-term [Abstract]    
Long-term debt [3] 48.1 48.1
Unamortized premium 0.2 $ 0.3
Revolving Credit Facility [Member] | Senior Secured Revolving Credit Facility, Variable Rate, due June 2023 [Member]    
Long-term [Abstract]    
Long-term debt [2] $ 440.0  
[1] As of June 30, 2020, we had $250.0 million of qualifying receivables under our $250.0 million accounts receivable securitization facility (“Securitization Facility”), resulting in zero availability. During the second quarter of 2020, we amended the Securitization Facility to decrease the facility size from $400.0 million to $250.0 million to more closely align with our expectations for borrowing needs given commodity prices and to extend the facility termination date to April 21, 2021.
[2] As of June 30, 2020, availability under our $2.2 billion senior secured revolving credit facility (“TRP Revolver”) was $1,703.2 million.
[3] “TPL” refers to Targa Pipeline Partners LP.