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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 112.7 $ 76.3
Trade receivables, net of allowances $0.9 million and $0.9 million 427.6 514.9
Inventories 66.0 99.4
Assets from risk management activities 18.2 29.3
Other current assets 6.7 13.4
Total current assets 631.2 733.3
Property, plant and equipment 4,919.6 4,708.0
Accumulated depreciation (1,227.2) (1,170.0)
Property, plant and equipment, net 3,692.4 3,538.0
Other intangible assets, net 674.1 680.8
Long-term assets from risk management activities 3.2 5.1
Investment in unconsolidated affiliate 54.8 53.1
Other long-term assets 92.8 94.7
Total assets 5,148.5 5,105.0
Current liabilities:    
Accounts payable and accrued liabilities 621.1 679.0
Deferred income taxes 3.8 0.2
Liabilities from risk management activities 8.2 7.4
Total current liabilities 633.1 686.6
Long-term debt 2,522.4 2,475.3
Long-term liabilities from risk management activities 5.0 4.8
Deferred income taxes 127.2 131.2
Other long-term liabilities 57.6 53.7
Commitments and contingencies (see Note 14)      
Targa Resources Corp. stockholders' equity:    
Common stock ($0.001 par value, 300,000,000 shares authorized, 42,528,118 shares issued and 42,330,387 shares outstanding as of March 31, 2013, and 42,492,233 shares issued and 42,294,502 shares outstanding as of December 31, 2012) 0 0
Preferred stock ($0.001 par value, 100,000,000 shares authorized, no shares issued and outstanding as of March 31, 2013 and December 31, 2012) 0 0
Additional paid-in capital 173.4 184.4
Accumulated deficit (18.6) (32.0)
Accumulated other comprehensive income 0.1 1.2
Treasury stock, at cost (197,731 shares as of March 31, 2013 and as of December 31, 2012) (9.5) (9.5)
Total Targa Resources Corp. stockholders' equity 145.4 144.1
Noncontrolling interests in subsidiaries 1,657.8 1,609.3
Total owners' equity 1,803.2 1,753.4
Total liabilities and owners' equity $ 5,148.5 $ 5,105.0