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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 219.8 $ 137.2
Trade receivables, net of allowances of $0.1 and $0.1 million at March 31, 2018 and December 31, 2017 745.6 827.6
Inventories 96.7 204.5
Assets from risk management activities 63.2 37.9
Other current assets 35.0 62.7
Total current assets 1,160.3 1,269.9
Property, plant and equipment 14,768.8 14,205.4
Accumulated depreciation (3,927.2) (3,775.4)
Property, plant and equipment, net 10,841.6 10,430.0
Intangible assets, net 2,120.1 2,165.8
Goodwill, net 256.6 256.6
Long-term assets from risk management activities 41.4 23.2
Investments in unconsolidated affiliates 313.4 221.6
Other long-term assets 19.8 21.5
Total assets 14,753.2 [1] 14,388.6
Current liabilities:    
Accounts payable and accrued liabilities 1,030.7 1,186.9
Liabilities from risk management activities 53.6 79.7
Current debt obligations 300.0 350.0
Total current liabilities 1,384.3 1,616.6
Long-term debt 5,064.2 4,703.0
Long-term liabilities from risk management activities 18.1 19.6
Deferred income taxes, net 509.6 479.0
Other long-term liabilities 589.1 597.9
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 6,141.2 6,302.8
Retained earnings (deficit) (49.1) (77.2)
Accumulated other comprehensive income (loss) 34.4 (29.9)
Treasury stock, at cost (594,151 shares as of March 31, 2018 and 585,640 shares as of December 31, 2017) (36.0) (35.6)
Total Targa Resources Corp. stockholders' equity 6,090.7 6,160.3
Noncontrolling interests in subsidiaries 873.7 595.7
Total owners' equity 6,964.4 6,756.0
Total liabilities, Series A Preferred Stock and owners' equity 14,753.2 14,388.6
Series A Preferred Stock [Member]    
Targa Resources Corp. stockholders' equity:    
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 11) $ 223.5 $ 216.5
[1] Assets in the Corporate and Eliminations column primarily include tax-related assets, cash, prepaids and debt issuance costs for our revolving credit facilities.