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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 203.2 $ 137.2
Trade receivables, net of allowances of $0.1 and $0.1 million at September 30, 2018 and December 31, 2017 1,037.2 827.6
Inventories 177.9 204.5
Assets from risk management activities 59.6 37.9
Other current assets 82.8 62.7
Held for sale assets (see Note 4) 165.7 0.0
Total current assets 1,726.4 1,269.9
Property, plant and equipment 16,221.5 14,205.4
Accumulated depreciation (4,140.6) (3,775.4)
Property, plant and equipment, net 12,080.9 10,430.0
Intangible assets, net 2,029.6 2,165.8
Goodwill, net 256.6 256.6
Long-term assets from risk management activities 8.4 23.2
Investments in unconsolidated affiliates 441.5 221.6
Other long-term assets 25.7 21.5
Total assets 16,569.1 [1] 14,388.6
Current liabilities:    
Accounts payable and accrued liabilities 2,088.4 1,186.9
Liabilities from risk management activities 176.3 79.7
Current debt obligations 290.0 350.0
Held for sale liabilities (see Note 4) 1.7 0.0
Total current liabilities 2,556.4 1,616.6
Long-term debt 5,678.9 4,703.0
Long-term liabilities from risk management activities 67.5 19.6
Deferred income taxes, net 487.5 479.0
Other long-term liabilities 270.6 597.9
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 6,270.5 6,302.8
Retained earnings (deficit) (23.8) (77.2)
Accumulated other comprehensive income (loss) (125.9) (29.9)
Treasury stock, at cost (665,724 shares as of September 30, 2018 and 585,640 shares as of December 31, 2017) (39.6) (35.6)
Total Targa Resources Corp. stockholders' equity 6,081.4 6,160.3
Noncontrolling interests in subsidiaries 1,188.8 595.7
Total owners' equity 7,270.2 6,756.0
Total liabilities, Series A Preferred Stock and owners' equity 16,569.1 14,388.6
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 11) $ 238.0 $ 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.