XML 71 R53.htm IDEA: XBRL DOCUMENT v3.22.2.2
Debt Obligations - Summary Of Debt Obligations (Parenthetical) (Details) - USD ($)
$ in Millions
1 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2022
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Sep. 29, 2022
Apr. 30, 2022
Debt Instrument [Line Items]            
Proceeds from borrowings under accounts receivable securitization facility   $ 1,180.0 $ 570.0      
Partnership accounts receivable securitization facility, due September 2023 [1]   $ 750.0   $ 150.0    
Accounts Receivable Securitization Facility [Member]            
Debt Instrument [Line Items]            
Maturity date   Sep. 01, 2023        
Proceeds from borrowings under accounts receivable securitization facility   $ 750.0        
Partnership accounts receivable securitization facility, due September 2023   800.0        
Remaining borrowing capacity   50.0        
Maximum borrowing capacity   $ 800.0     $ 400.0  
Term Loan Facility, Variable Rate, due July 2025            
Debt Instrument [Line Items]            
Maturity date   Jul. 31, 2025   Jul. 31, 2025    
Revolving Credit Facility [Member] | TRGP Senior Revolving Credit Facility due February 2027 [Member]            
Debt Instrument [Line Items]            
Maturity date   Feb. 28, 2027   Feb. 28, 2027    
Remaining borrowing capacity   $ 550.0        
Revolving Credit Facility [Member] | Commercial Paper Program [Member]            
Debt Instrument [Line Items]            
Remaining borrowing capacity   632.0        
Revolving Credit Facility [Member] | Letter of Credit [Member]            
Debt Instrument [Line Items]            
Remaining borrowing capacity   $ 1,500.0        
Senior Unsecured Notes [Member]            
Debt Instrument [Line Items]            
Interest rate on fixed rate debt           4.20%
Senior Unsecured Notes [Member] | Senior Unsecured 4.200% Notes due February 2033 [Member]            
Debt Instrument [Line Items]            
Maturity date   Feb. 28, 2033   Feb. 28, 2023    
Interest rate on fixed rate debt   4.20%   4.20%   4.20%
Senior Unsecured Notes [Member] | Senior Unsecured 5.200% fixed rate, due July 2027 [Member]            
Debt Instrument [Line Items]            
Maturity date   Jul. 31, 2027   Jul. 31, 2027    
Interest rate on fixed rate debt   5.20%   5.20%    
Senior Unsecured Notes [Member] | Senior Unsecured 4.950% Notes due April 2052 [Member]            
Debt Instrument [Line Items]            
Maturity date   Apr. 30, 2052   Apr. 30, 2052    
Interest rate on fixed rate debt   4.95%   4.95%   4.95%
Senior Unsecured Notes [Member] | Senior Unsecured 6.250% fixed rate, due July 2052 [Member]            
Debt Instrument [Line Items]            
Maturity date   Jul. 31, 2052   Jul. 31, 2052    
Interest rate on fixed rate debt   6.25%   6.25%    
Senior Unsecured Notes [Member] | Senior Unsecured 5.875% Notes due April 2026 [Member]            
Debt Instrument [Line Items]            
Interest rate on fixed rate debt           5.875%
Senior Unsecured Notes [Member] | Senior Unsecured 5.375% Notes due February 2027 [Member]            
Debt Instrument [Line Items]            
Maturity date Mar. 31, 2022          
Interest rate on fixed rate debt 5.375%          
Senior Unsecured Notes [Member] | Accounts Receivable Securitization Facility [Member]            
Debt Instrument [Line Items]            
Maturity date   Sep. 01, 2023        
Maximum borrowing capacity   $ 800.0     $ 400.0  
Targa Resources Partners LP [Member] | Accounts Receivable Securitization Facility [Member] | Accounts Receivable Securitization Facility, due September 2023 [Member]            
Debt Instrument [Line Items]            
Maturity date   Sep. 30, 2023   Sep. 30, 2023    
Targa Resources Partners LP [Member] | Senior Unsecured Notes [Member] | Senior Unsecured 5.200% fixed rate, due July 2027 [Member]            
Debt Instrument [Line Items]            
Maturity date   Jul. 31, 2027   Jul. 31, 2027    
Interest rate on fixed rate debt   6.50%   6.50%    
Targa Resources Partners LP [Member] | Senior Unsecured Notes [Member] | Senior Unsecured 5.875% Notes due April 2026 [Member]            
Debt Instrument [Line Items]            
Maturity date   Apr. 30, 2026   Apr. 30, 2026    
Interest rate on fixed rate debt   5.875%   5.875%   5.875%
Targa Resources Partners LP [Member] | Senior Unsecured Notes [Member] | Senior Unsecured 5.000% Notes due January 2028 [Member]            
Debt Instrument [Line Items]            
Maturity date   Jan. 31, 2028   Jan. 31, 2028    
Interest rate on fixed rate debt   5.00%   5.00%    
Targa Resources Partners LP [Member] | Senior Unsecured Notes [Member] | Senior Unsecured 6.875% Senior Notes due January 2029 [Member]            
Debt Instrument [Line Items]            
Maturity date   Jan. 31, 2029   Jan. 31, 2029    
Interest rate on fixed rate debt   6.875%   6.875%    
Targa Resources Partners LP [Member] | Senior Unsecured Notes [Member] | Senior Unsecured 5.375% Notes due February 2027 [Member]            
Debt Instrument [Line Items]            
Maturity date   Feb. 28, 2027   Feb. 28, 2027    
Interest rate on fixed rate debt 5.375% 5.375%   5.375%    
Targa Resources Partners LP [Member] | Senior Unsecured Notes [Member] | Senior Unsecured 5.500% Notes due March 2030 [Member]            
Debt Instrument [Line Items]            
Maturity date   Mar. 31, 2030   Mar. 31, 2030    
Interest rate on fixed rate debt   5.50%   5.50%    
Targa Resources Partners LP [Member] | Senior Unsecured Notes [Member] | Senior Unsecured of 4.000% Senior Notes due January 2032 [Member]            
Debt Instrument [Line Items]            
Maturity date   Jan. 31, 2032   Jan. 31, 2032    
Interest rate on fixed rate debt   4.00%   4.00%    
Targa Resources Partners LP [Member] | Senior Unsecured Notes [Member] | Senior Unsecured of 4.875% Senior Notes due February 2031 [Member]            
Debt Instrument [Line Items]            
Maturity date   Feb. 28, 2031   Feb. 28, 2031    
Interest rate on fixed rate debt   4.875%   4.875%    
[1] In September 2022, the Partnership amended the Securitization Facility to, among other things, increase the facility size from $400.0 million to $800.0 million and extend the facility termination date to September 1, 2023. As of September 30, 2022, the Partnership had $750.0 million of qualifying receivables under its $800.0 million accounts receivable securitization facility (the “Securitization Facility”), resulting in $50.0 million of availability.