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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net income (loss) $ 687.6 $ 155.4 $ 856.2 $ 383.3
Commodity hedging contracts:        
Other comprehensive income (loss), pre-tax 182.9 (179.0) (58.6) (200.8)
Other comprehensive income (loss), related income tax (40.9) 43.0 13.1 48.2
Other comprehensive income (loss), after tax 142.0 (136.0) (45.5) (152.6)
Comprehensive income (loss) 829.6 19.4 810.7 230.7
Less: Comprehensive income (loss) attributable to noncontrolling interests 91.2 99.2 171.8 180.7
Comprehensive income (loss) attributable to Targa Resources Corp. 738.4 (79.8) 638.9 50.0
Commodity Contracts [Member]        
Commodity hedging contracts:        
Change in fair value, pre-tax 25.2 (232.6) (362.1) (404.2)
Change in fair value, related income tax (5.7) 55.7 80.9 95.9
Change in fair value, after tax 19.5 (176.9) (281.2) (308.3)
Settlements reclassified to revenues, pre-tax 157.7 53.6 303.5 203.4
Settlements reclassified to revenues, related income tax (35.2) (12.7) (67.8) (47.7)
Settlements reclassified to revenues, after tax $ 122.5 $ 40.9 $ 235.7 $ 155.7