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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 170.7us-gaap_CashAndCashEquivalentsAtCarryingValue $ 81.0us-gaap_CashAndCashEquivalentsAtCarryingValue
Trade receivables, net of allowances of $0.0 million 675.6us-gaap_AccountsReceivableNetCurrent 567.3us-gaap_AccountsReceivableNetCurrent
Inventories 78.2us-gaap_InventoryNet 168.9us-gaap_InventoryNet
Deferred income taxes 0us-gaap_DeferredTaxAssetsNetCurrent 0.1us-gaap_DeferredTaxAssetsNetCurrent
Assets from risk management activities 126.0trgp_DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent 44.4trgp_DerivativeAssetBeforeEffectsOfMasterNettingArrangementsCurrent
Other current assets 17.1us-gaap_OtherAssetsCurrent 20.9us-gaap_OtherAssetsCurrent
Total current assets 1,067.6us-gaap_AssetsCurrent 882.6us-gaap_AssetsCurrent
Property, plant and equipment 11,624.6us-gaap_PropertyPlantAndEquipmentGross 6,521.1us-gaap_PropertyPlantAndEquipmentGross
Accumulated depreciation (1,791.6)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment (1,696.5)us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Property, plant and equipment, net 9,833.0us-gaap_PropertyPlantAndEquipmentNet 4,824.6us-gaap_PropertyPlantAndEquipmentNet
Goodwill 628.5us-gaap_Goodwill [1],[2] 0us-gaap_Goodwill
Intangible assets, net 1,602.4us-gaap_IntangibleAssetsNetExcludingGoodwill [2] 591.9us-gaap_IntangibleAssetsNetExcludingGoodwill
Long-term assets from risk management activities 51.2trgp_DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent 15.8trgp_DerivativeAssetBeforeEffectsOfMasterNettingArrangementsNoncurrent
Investments in unconsolidated affiliates 322.9us-gaap_EquityMethodInvestments 50.2us-gaap_EquityMethodInvestments
Other long-term assets 119.7us-gaap_OtherAssetsNoncurrent 88.4us-gaap_OtherAssetsNoncurrent
Total assets 13,625.3us-gaap_Assets [1] 6,453.5us-gaap_Assets
Current liabilities:    
Accounts payable and accrued liabilities 736.8us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent 638.5us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent
Accounts receivable securitization facility 197.9us-gaap_CollateralizedFinancings 182.8us-gaap_CollateralizedFinancings
Deferred income taxes 47.6us-gaap_DeferredTaxLiabilitiesGrossCurrent 0.6us-gaap_DeferredTaxLiabilitiesGrossCurrent
Liabilities from risk management activities 0.6trgp_DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent 5.2trgp_DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsCurrent
Total current liabilities 982.9us-gaap_LiabilitiesCurrent 827.1us-gaap_LiabilitiesCurrent
Long-term debt 5,838.2us-gaap_LongTermDebtNoncurrent 2,885.4us-gaap_LongTermDebtNoncurrent
Long-term liabilities from risk management activities 1.8trgp_DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent 0trgp_DerivativeLiabilityBeforeEffectsOfMasterNettingArrangementsNoncurrent
Deferred income taxes 127.8us-gaap_DeferredTaxLiabilitiesNoncurrent 138.2us-gaap_DeferredTaxLiabilitiesNoncurrent
Other long-term liabilities 80.2us-gaap_OtherLiabilitiesNoncurrent 63.3us-gaap_OtherLiabilitiesNoncurrent
Contingencies (see Note 16)      
Targa Resources Corp. stockholders' equity:    
Common stock ($0.001 par value, 300,000,000 shares authorized) 0.1us-gaap_CommonStockValueOutstanding 0us-gaap_CommonStockValueOutstanding
Preferred stock ($0.001 par value, 100,000,000 shares authorized, no shares issued and outstanding) 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Additional paid-in capital 1,532.6us-gaap_AdditionalPaidInCapital 164.9us-gaap_AdditionalPaidInCapital
Retained earnings 3.1us-gaap_RetainedEarningsAccumulatedDeficit 25.5us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income 5.3us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 4.8us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Treasury stock, at cost (406,258 shares as of March 31, 2015 and 388,890 as of December 31, 2014) (27.0)us-gaap_TreasuryStockValue (25.4)us-gaap_TreasuryStockValue
Total Targa Resources Corp. stockholders' equity 1,514.1us-gaap_StockholdersEquity 169.8us-gaap_StockholdersEquity
Noncontrolling interests in subsidiaries 5,080.3us-gaap_MinorityInterest 2,369.7us-gaap_MinorityInterest
Total owners' equity 6,594.4us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 2,539.5us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and owners' equity $ 13,625.3us-gaap_LiabilitiesAndStockholdersEquity $ 6,453.5us-gaap_LiabilitiesAndStockholdersEquity
[1] Corporate assets at the Segment level primarily include investment in unconsolidated subsidiaries and debt issuance costs associated with our long-term debt.
[2] Represents the preliminary acquisition fair value attributable to goodwill and intangible assets associated with the Atlas mergers.