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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 94.9 $ 66.7
Trade receivables, net of allowances of $1.1 million and $1.1 million 610.4 658.8
Inventories 88.5 150.7
Deferred income taxes 4.3 0.1
Assets from risk management activities 1.6 2.0
Other current assets 10.2 18.9
Total current assets 809.9 897.2
Property, plant and equipment 5,936.9 5,758.4
Accumulated depreciation (1,472.6) (1,408.5)
Property, plant and equipment, net 4,464.3 4,349.9
Intangible assets, net 638.1 653.4
Long-term assets from risk management activities 2.9 3.1
Investment in unconsolidated affiliate 53.7 55.9
Other long-term assets 86.3 89.1
Total assets 6,055.2 6,048.6
Current liabilities:    
Accounts payable and accrued liabilities 745.5 761.8
Deferred income taxes 0 0.6
Liabilities from risk management activities 12.9 8.0
Total current liabilities 758.4 770.4
Long-term debt 2,891.7 2,989.3
Long-term liabilities from risk management activities 1.2 1.4
Deferred income taxes 138.8 135.5
Other long-term liabilities 66.1 60.7
Commitments and contingencies (see Note 16)      
Targa Resources Corp. stockholders' equity:    
Common stock ($0.001 par value, 300,000,000 shares authorized, 42,533,883 shares issued and 42,158,848 shares outstanding as of March 31, 2014, and 42,529,068 shares issued and 42,162,178 shares outstanding as of December 31, 2013) 0 0
Preferred stock ($0.001 par value, 100,000,000 shares authorized, no shares issued and outstanding as of March 31, 2014 and December 31, 2013) 0 0
Additional paid-in capital 149.2 151.6
Retained earnings 19.6 20.5
Accumulated other comprehensive loss (0.8) (0.5)
Treasury stock, at cost (375,035 shares as of March 31, 2014 and 366,890 as of December 31, 2013) (23.6) (22.8)
Total Targa Resources Corp. stockholders' equity 144.4 148.8
Noncontrolling interests in subsidiaries 2,054.6 1,942.5
Total owners' equity 2,199.0 2,091.3
Total liabilities and owners' equity $ 6,055.2 $ 6,048.6