CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents		$ 157.3	$ 141.7
Trade receivables, net of allowances of $2.5 million and $2.5 million as of December 31, 2024 and 2023		1,618.3	1,471.0
Inventories		334.3	371.5
Assets from risk management activities		61.8	111.9
Other current assets		124.6	98.5
Total current assets		2,296.3	2,194.6
Property, plant and equipment, net		18,062.7	15,806.4
Intangible assets, net		1,977.4	2,350.6
Long-term assets from risk management activities		25.3	33.3
Investments in unconsolidated affiliates		193.3	146.3
Other long-term assets		179.1	140.6
Total assets	[1]	22,734.1	20,671.8
Current liabilities:
Accounts payable		2,012.5	1,574.9
Accrued liabilities		336.0	281.7
Interest payable		269.1	229.6
Liabilities from risk management activities		167.3	54.0
Current debt obligations		387.7	620.7
Total current liabilities		3,172.6	2,760.9
Long-term debt		13,786.9	12,333.2
Long-term liabilities from risk management activities		92.0	16.8
Deferred income taxes, net		872.1	535.8
Other long-term liabilities		392.3	415.1
Commitments and Contingencies (see Notes 16 and 17)		0.0	0.0
Targa Resources Corp. stockholders' equity:
Common Stock ($0.001 par value, 450,000,000 shares authorized as of December 31, 2024 and 2023)		0.2	0.2
Additional paid-in capital		3,089.1	3,058.8
Retained earnings (deficit)		1,190.0	492.0
Accumulated other comprehensive income (loss)		27.5	85.6
Treasury stock, at cost (24,000,284 shares and 17,484,440 shares as of December 31, 2024 and 2023)		(1,714.4)	(896.9)
Total Targa Resources Corp. stockholders' equity		2,592.4	2,739.7
Noncontrolling interests		1,825.8	1,870.3
Total owners' equity		4,418.2	4,610.0
Total liabilities and owners' equity		$ 22,734.1	$ 20,671.8

[1] Assets in the Corporate and Eliminations column primarily include tax-related assets, cash, prepaids and debt issuance costs for our revolving credit facilities.