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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net income (loss) $ 1,579.3 $ 1,531.4 $ 422.1
Commodity hedging contracts:      
Other comprehensive income (loss), pre-tax 40.0 367.4 (117.3)
Other comprehensive income (loss), related income tax (9.1) (81.8) 28.2
Other comprehensive income (loss), after tax 30.9 285.6 (89.1)
Comprehensive income (loss) 1,610.2 1,817.0 333.0
Less: Comprehensive income (loss) attributable to noncontrolling interests 233.4 335.9 350.9
Comprehensive income (loss) attributable to Targa Resources Corp. 1,376.8 1,481.1 (17.9)
Commodity Contracts [Member]      
Commodity hedging contracts:      
Change in fair value, pre-tax 193.4 (5.6) (534.6)
Change in fair value, related income tax (44.3) 1.3 128.4
Change in fair value, after tax 149.1 (4.3) (406.2)
Settlements reclassified to revenues, pre-tax (153.4) 373.0 417.3
Settlements reclassified to revenues, related income tax 35.2 (83.1) (100.2)
Settlements reclassified to revenues, after tax $ (118.2) $ 289.9 $ 317.1