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Earnings per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Earnings Per Common Share [Line Items]        
Net income (loss) attributable to Targa Resources Corp. $ 193.1 $ 182.2 $ 877.5 $ 384.8
Less: Premium on repurchase of noncontrolling interests, net of tax     53.1  
Net income (loss) attributable to common shareholders $ 193.1 $ 160.4 $ 578.9 $ 319.3
Weighted average shares outstanding - basic 226.6 228.8 227.6 228.6
Dilutive effect of unvested stock awards 3.7 3.3 3.9 3.0
Weighted average shares outstanding - diluted (in shares) 230.3 276.4 231.5 231.6
Net income (loss) per common share - basic $ 0.85 $ 0.70 $ 2.54 $ 1.40
Net income (loss) per common share - diluted $ 0.84 $ 0.66 $ 2.50 $ 1.38
Series A Preferred Stock        
Earnings Per Common Share [Line Items]        
Preferred Stock Dividends Income Statement Impact [1]   $ 21.8 $ 30.0 $ 65.5
Redeemable Preferred Stock Dividends [1]     $ 215.5  
Dilutive effect of Series A Preferred [1]   44.3    
[1] The Series A Preferred had no mandatory redemption date, but was redeemable at our election for a 5% premium to the liquidation preference subsequent to March 16, 2022. In May 2022, we redeemed all of our issued and outstanding Series A Preferred at a redemption price of $1,050.00 per share, plus $8.87 per share, which is the amount of accrued and unpaid dividends from April 1, 2022 up to, but not including, the redemption date of May 3, 2022. See Note 9 – Preferred Stock for further discussion.