Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2023

Supplemental Cash Flow Information [Abstract]

Supplemental Cash Flow Information

	Year Ended December 31,
	2023			2022			2021
Cash:
Interest paid, net of capitalized interest (1)	$	618.6		$	401.3		$	356.0
Income taxes (received) paid, net		8.5			1.6			1.3
Non-cash investing activities:
Change in deadstock commodity inventory	$	(13.7	)	$	(3.8	)	$	(15.0	)
Impact of capital expenditure accruals on property, plant and equipment, net		58.2			60.1			53.0
Transfers from materials and supplies inventory to property, plant and equipment		—			—			2.4
Change in ARO liability and property, plant and equipment due to revised cash flow estimate and additions		4.9			0.8			(0.2	)
Non-cash financing activities:
Changes in accrued distributions to noncontrolling interests	$	8.9		$	(26.1	)	$	(50.9	)
Reduction of owner's equity related to accrued dividends on unvested equity awards under share compensation arrangements		3.9			7.1			3.1
Non-cash distributions to noncontrolling interests (2)		—			64.2			—
Lease liabilities arising from recognition of right-of-use assets:
Operating lease	$	53.1		$	9.7		$	20.1
Finance lease (3)		104.8			220.7			24.7

(1)Interest capitalized on major projects was $41.1 million, $16.3 million and $4.1 million for the years ended December 31, 2023, 2022 and 2021.

(2)Represents the transfer of an undivided interest in certain gas gathering and processing facilities to a joint owner upon Targa’s recovery of a specified payout amount for our initial full funding of the facilities.

(3)The December 31, 2022 amount includes $171.2 million related to compressor leases from the Delaware Basin Acquisition that were subsequently amended and extended.