CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 219.0	$ 158.5
Trade receivables, net of allowances of $2.2 million and $0.1 million at December 31, 2022 and December 31, 2021	1,408.4	1,331.9
Inventories	393.8	153.4
Assets from risk management activities	179.9	43.1
Other current assets	155.5	82.9
Total current assets	2,356.6	1,769.8
Property, plant and equipment, net	14,214.6	11,667.7
Intangible assets, net	2,734.6	1,094.8
Long-term assets from risk management activities	24.5	7.7
Investments in unconsolidated affiliates	131.3	586.5
Other long-term assets	98.4	81.7
Total assets	19,560.0	15,208.2
Current liabilities:
Accounts payable	1,448.8	1,402.3
Accrued liabilities	273.3	272.2
Distributions payable	16.2	64.5
Interest payable	174.0	138.5
Liabilities from risk management activities	320.1	258.2
Current debt obligations	834.3	162.8
Total current liabilities	3,066.7	2,298.5
Long-term debt	10,702.1	6,434.4
Long-term liabilities from risk management activities	140.1	109.3
Deferred income taxes, net	327.7	136.0
Other long-term liabilities	341.2	301.6
Commitments and Contingencies (see Notes 17 and 18)
Targa Resources Corp. stockholders' equity:
Common stock ($0.001 par value, 450,000,000 shares authorized as of December 31, 2022 and December 31, 2021)	0.2	0.2
Preferred stock ($0.001 par value, after designation of Series A Preferred Stock: 98,800,000 shares authorized, zero shares issued and outstanding)	0.0	0.0
Additional paid-in capital	3,702.3	4,268.9
Retained earnings (deficit)	(626.8)	(1,822.3)
Accumulated other comprehensive income (loss)	54.7	(230.9)
Treasury stock, at cost (11,896,829 shares as of December 31, 2022 and 7,884,171 shares as of December 31, 2021)	(464.7)	(204.1)
Total Targa Resources Corp. stockholders' equity	2,665.7	2,011.8
Noncontrolling interests	2,316.5	3,166.9
Total owners' equity	4,982.2	5,178.7
Total liabilities, Series A Preferred Stock and owners' equity	19,560.0	15,208.2
Series A Preferred Stock
Current liabilities:
Series A Preferred 9.5% Stock, $1,000 per share liquidation preference (1,200,000 shares authorized, zero and 919,300 shares issued and outstanding as of December 31, 2022 and December 31, 2021), net of discount (see Note 11)	$ 0.0	$ 749.7