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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net income (loss) $ 1,553.5 $ 1,579.3 $ 1,531.4
Commodity hedging contracts:      
Other comprehensive income (loss), pre-tax (75.3) 40.0 367.4
Other comprehensive income (loss), related income tax 17.2 (9.1) (81.8)
Other comprehensive income (loss), after tax (58.1) 30.9 285.6
Comprehensive income (loss) 1,495.4 1,610.2 1,817.0
Less: Comprehensive income (loss) attributable to noncontrolling interests 241.5 233.4 335.9
Comprehensive income (loss) attributable to Targa Resources Corp. 1,253.9 1,376.8 1,481.1
Commodity Contracts [Member]      
Commodity hedging contracts:      
Change in fair value, pre-tax (7.5) 193.4 (5.6)
Change in fair value, related income tax 1.7 (44.3) 1.3
Change in fair value, after tax (5.8) 149.1 (4.3)
Settlements reclassified to revenues, pre-tax (67.8) (153.4) 373.0
Settlements reclassified to revenues, related income tax 15.5 35.2 (83.1)
Settlements reclassified to revenues, after tax $ (52.3) $ (118.2) $ 289.9