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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 326.3 $ 232.1
Trade receivables, net of allowances of $0.0 and $0.1 million at September 30, 2019 and December 31, 2018 744.0 865.5
Inventories 210.9 164.7
Assets from risk management activities 140.1 115.3
Other current assets 54.7 41.3
Total current assets 1,476.0 1,418.9
Property, plant and equipment 19,596.0 17,220.7
Accumulated depreciation and amortization (4,899.1) (4,292.3)
Property, plant and equipment, net 14,696.9 12,928.4
Intangible assets, net 1,854.4 1,983.2
Goodwill, net 46.6 46.6
Long-term assets from risk management activities 60.0 34.1
Investments in unconsolidated affiliates 718.5 490.5
Other long-term assets 66.1 36.5
Total assets 18,918.5 16,938.2
Current liabilities:    
Accounts payable and accrued liabilities 1,327.8 1,737.3
Liabilities from risk management activities 83.5 33.6
Current debt obligations [1] 258.0 1,027.9
Total current liabilities 1,669.3 2,798.8
Long-term debt 7,279.7 5,632.4
Long-term liabilities from risk management activities 46.1 3.1
Deferred income taxes, net 527.7 525.2
Other long-term liabilities 305.7 262.2
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 5,457.2 6,154.9
Retained earnings (deficit) (226.8) (130.4)
Accumulated other comprehensive income (loss) 140.9 94.3
Treasury stock, at cost (1,000,649 shares as of September 30, 2019 and 665,753 shares as of December 31, 2018) (53.1) (39.6)
Total Targa Resources Corp. stockholders' equity 5,318.4 6,079.4
Noncontrolling interests 3,501.5 1,391.4
Total owners' equity 8,819.9 7,470.8
Total liabilities, Series A Preferred Stock and owners' equity 18,918.5 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) $ 270.1 $ 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.