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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 124.9 $ 232.1
Trade receivables, net of allowances of $0.2 and $0.1 million at March 31, 2019 and December 31, 2018 752.8 865.5
Inventories 197.9 164.7
Assets from risk management activities 75.9 115.3
Other current assets 29.5 41.3
Total current assets 1,181.0 1,418.9
Property, plant and equipment 18,189.3 17,220.7
Accumulated depreciation and amortization (4,485.9) (4,292.3)
Property, plant and equipment, net 13,703.4 12,928.4
Intangible assets, net 1,940.2 1,983.2
Goodwill, net 46.6 46.6
Long-term assets from risk management activities 23.1 34.1
Investments in unconsolidated affiliates 605.9 490.5
Other long-term assets 69.0 36.5
Total assets 17,569.2 16,938.2
Current liabilities:    
Accounts payable and accrued liabilities 1,680.2 1,737.3
Liabilities from risk management activities 43.3 33.6
Current debt obligations [1] 318.1 1,027.9
Total current liabilities 2,041.6 2,798.8
Long-term debt 7,118.5 5,632.4
Long-term liabilities from risk management activities 9.4 3.1
Deferred income taxes, net 507.6 525.2
Other long-term liabilities 301.2 262.2
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 5,925.7 6,154.9
Retained earnings (deficit) (169.3) (130.4)
Accumulated other comprehensive income (loss) 48.9 94.3
Treasury stock, at cost (895,410 shares as of March 31, 2019 and 665,753 shares as of December 31, 2018) (49.2) (39.6)
Total Targa Resources Corp. stockholders' equity 5,756.3 6,079.4
Noncontrolling interests 1,581.0 1,391.4
Total owners' equity 7,337.3 7,470.8
Total liabilities, Series A Preferred Stock and owners' equity 17,569.2 16,938.2
Series A Preferred Stock [Member]    
Current liabilities:    
Series A Preferred 9.5% Stock, $1,000 per share liquidation preference, (1,200,000 shares authorized, 965,100 shares issued and outstanding), net of discount (see Note 12) $ 253.6 $ 245.7
[1] While we consolidate the debt of the Partnership in our financial statements, we do not have the obligation to make interest payments or debt payments with respect to the debt of the Partnership.