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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net income (loss) $ 358.9 $ 387.5 $ 691.6 $ 942.7
Commodity hedging contracts:        
Other comprehensive income (loss), pre-tax (29.2) 59.8 (96.2) 98.5
Other comprehensive income (loss), related income tax 6.7 (13.8) 22.0 (22.4)
Other comprehensive income (loss), after tax (22.5) 46.0 (74.2) 76.1
Comprehensive income (loss) 336.4 433.5 617.4 1,018.8
Less: Comprehensive income (loss) attributable to noncontrolling interests 60.4 58.2 117.9 116.4
Comprehensive income (loss) attributable to Targa Resources Corp. 276.0 375.3 499.5 902.4
Commodity Contracts [Member]        
Commodity hedging contracts:        
Change in fair value, pre-tax 3.0 109.6 (67.2) 193.5
Change in fair value, related income tax (0.7) (25.3) 15.4 (43.9)
Change in fair value, after tax 2.3 84.3 (51.8) 149.6
Settlements reclassified to revenues, pre-tax (32.2) (49.8) (29.0) (95.0)
Settlements reclassified to revenues, related income tax 7.4 11.5 6.6 21.5
Settlements reclassified to revenues, after tax $ (24.8) $ (38.3) $ (22.4) $ (73.5)