CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2025		Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 151.4		$ 157.3
Trade receivables, net of allowances of $[2.5] million and $2.5 million as of March 31, 2025 and December 31, 2024	1,403.3		1,618.3
Inventories	256.2		334.3
Assets from risk management activities	74.2		61.8
Other current assets	191.1		124.6
Total current assets	2,076.2		2,296.3
Property, plant and equipment, net	18,405.6		18,062.7
Intangible assets, net	1,895.9		1,977.4
Long-term assets from risk management activities	34.7		25.3
Investments in unconsolidated affiliates	217.6		193.3
Other long-term assets	170.3		179.1
Total assets	22,800.3	[1]	22,734.1
Current liabilities:
Accounts payable	1,889.8		2,012.5
Accrued liabilities	163.7		336.0
Interest payable	121.5		269.1
Liabilities from risk management activities	362.7		167.3
Current debt obligations	660.4		387.7
Total current liabilities	3,198.1		3,172.6
Long-term debt	15,548.3		13,786.9
Long-term liabilities from risk management activities	194.4		92.0
Deferred income taxes, net	902.2		872.1
Other long-term liabilities	384.6		392.3
Contingencies (see Note 11)	0.0		0.0
Targa Resources Corp. stockholders' equity:
Common Stock ($0.001 par value, 450,000,000 shares authorized as of March 31, 2025 and December 31, 2024)	0.2		0.2
Additional paid-in capital	3,036.2		3,089.1
Retained earnings (deficit)	1,295.3		1,190.0
Accumulated other comprehensive income (loss)	6.1		27.5
Treasury stock, at cost ([24,000,284] shares and 24,000,284 shares as of March 31, 2025 and December 31, 2024)	(1,886.3)		(1,714.4)
Total Targa Resources Corp. stockholders' equity	2,451.5		2,592.4
Noncontrolling interests	121.2		1,825.8
Total owners' equity	2,572.7		4,418.2
Total liabilities and owners' equity	$ 22,800.3		$ 22,734.1

[1] Assets in the Corporate and Eliminations column primarily include tax-related assets, cash, margin deposit, prepaids, property, plant and equipment and debt issuance costs for our revolving credit facility.