CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions		Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents		$ 154.0	$ 158.5
Trade receivables, net of allowances of $0.1 million and $0.1 million at June 30, 2022 and December 31, 2021		1,612.6	1,331.9
Inventories		202.2	153.4
Assets from risk management activities		80.8	43.1
Other current assets		114.5	82.9
Total current assets		2,164.1	1,769.8
Property, plant and equipment, net		11,878.3	11,667.7
Intangible assets, net		1,038.8	1,094.8
Long-term assets from risk management activities		20.5	7.7
Investments in unconsolidated affiliates		137.1	586.5
Other long-term assets		95.5	81.7
Total assets		15,334.3	15,208.2
Current liabilities:
Accounts payable		1,901.0	1,402.3
Accrued liabilities		255.2	272.2
Distributions payable		25.3	64.5
Interest payable		131.8	138.5
Liabilities from risk management activities		425.5	258.2
Current debt obligations		414.6	162.8
Total current liabilities		3,153.4	2,298.5
Long-term debt	[1]	7,046.2	6,434.4
Long-term liabilities from risk management activities		232.3	109.3
Deferred income taxes, net		213.4	136.0
Other long-term liabilities		288.1	301.6
Contingencies (see Note 14)		0.0	0.0
Targa Resources Corp. stockholders' equity:
Common stock ($0.001 par value, 450,000,000 shares authorized as of June 30, 2022 and December 31, 2021)		0.2	0.2
Preferred stock ($0.001 par value, after designation of Series A Preferred Stock: 98,800,000 shares authorized, zero shares issued and outstanding)		0.0	0.0
Additional paid-in capital		3,834.4	4,268.9
Retained earnings (deficit)		(1,137.9)	(1,822.3)
Accumulated other comprehensive income (loss)		(276.4)	(230.9)
Treasury stock, at cost (10,141,989 shares as of June 30, 2022 and 7,884,171 shares as of December 31, 2021)		(350.4)	(204.1)
Total Targa Resources Corp. stockholders' equity		2,069.9	2,011.8
Noncontrolling interests		2,331.0	3,166.9
Total owners' equity		4,400.9	5,178.7
Total liabilities, Series A Preferred Stock and owners' equity		15,334.3	15,208.2
Series A Preferred Stock
Current liabilities:
Series A Preferred 9.5% Stock, $1,000 per share liquidation preference (1,200,000 shares authorized, zero and 919,300 shares issued and outstanding as of June 30, 2022 and December 31, 2021), net of discount (see Note 9)		$ 0.0	$ 749.7

[1] In July 2022, we completed an underwritten public offering of (i) $750.0 million aggregate principal amount of our 5.200% Senior Notes due 2027 (the “5.200% Notes”) and (ii) $500.0 million aggregate principal amount of our 6.250% Senior Notes due 2052 (the “6.250% Notes”), resulting in net proceeds of approximately $1.2 billion.