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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 98.7 $ 73.5
Trade receivables, net of allowances of $0.2 and $0.9 million at June 30, 2017 and December 31, 2016 550.4 674.6
Inventories 197.7 137.7
Assets from risk management activities 35.7 16.8
Income tax receivable 2.0 67.8
Other current assets 30.4 36.4
Total current assets 914.9 1,006.8
Property, plant and equipment 13,313.6 12,518.7
Accumulated depreciation (3,086.8) (2,827.7)
Property, plant and equipment, net 10,226.8 9,691.0
Intangible assets, net 2,264.7 1,654.0
Goodwill, net 256.6 210.0
Long-term assets from risk management activities 17.3 5.1
Investments in unconsolidated affiliates 218.4 240.8
Other long-term assets 19.7 63.5
Total assets 13,918.4 [1] 12,871.2
Current liabilities:    
Accounts payable and accrued liabilities 886.0 843.5
Liabilities from risk management activities 9.5 49.1
Current debt obligations 500.1 275.0
Total current liabilities 1,395.6 1,167.6
Long-term debt 3,937.5 4,606.0
Long-term liabilities from risk management activities 5.5 26.1
Deferred income taxes, net 852.9 941.2
Other long-term liabilities 588.4 215.1
Contingencies (see Note 18) 0.0 0.0
Targa Resources Corp. stockholders' equity:    
Common stock value 0.2 0.2
Preferred stock ($0.001 par value, after designation of Series A Preferred Stock: 98,800,000 shares authorized, no shares issued and outstanding) 0.0 0.0
Additional paid-in capital 6,666.4 5,506.2
Retained earnings (deficit) (192.9) (187.3)
Accumulated other comprehensive income (loss) 21.5 (38.3)
Treasury stock, at cost (558,567 shares as of June 30, 2017 and 513,880 as of December 31, 2016) (34.3) (32.2)
Total Targa Resources Corp. stockholders' equity 6,460.9 5,248.6
Noncontrolling interests in subsidiaries 474.3 475.8
Total owners' equity 6,935.2 5,724.4
Total liabilities, Series A Preferred Stock and owners' equity 13,918.4 12,871.2
Series A Preferred Stock [Member]    
Current liabilities:    
Series A Preferred 9.5% Stock, $1,000 per share liquidation preference, (1,200,000 shares authorized, issued and outstanding 965,100 shares), net of discount (see Note 12) $ 203.3 $ 190.8
[1] Corporate assets at the segment level primarily include tax-related assets, cash, prepaids and debt issuance costs for our revolving credit facilities.