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Earnings per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Earnings Per Common Share [Line Items]    
Net income (loss) attributable to Targa Resources Corp. $ 497.0 $ 88.0
Less: Premium on repurchase of noncontrolling interests, net of tax [1] 490.7 53.1
Net income (loss) attributable to common shareholders $ 6.3 $ 13.1
Weighted average shares outstanding - basic 226.4 228.5
Dilutive effect of unvested stock awards 2.9 3.9
Weighted average shares outstanding - diluted (in shares) 229.3 232.4
Net income (loss) per common share - basic $ 0.03 $ 0.06
Net income (loss) per common share - diluted $ 0.03 $ 0.06
Series A Preferred Stock [Member]    
Earnings Per Common Share [Line Items]    
Less: Dividends on Series A Preferred Stock [2]   $ 21.8
[1] Represents premium paid on the Grand Prix Transaction and the DevCo JV Repurchase. See Note 4 – Acquisitions and Divestitures
[2] 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.