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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 281.6 $ 137.2
Trade receivables, net of allowances of $0.0 and $0.1 million at June 30, 2018 and December 31, 2017 867.2 827.6
Inventories 181.4 204.5
Assets from risk management activities 54.2 37.9
Other current assets 47.1 62.7
Total current assets 1,431.5 1,269.9
Property, plant and equipment 15,451.0 14,205.4
Accumulated depreciation (4,029.7) (3,775.4)
Property, plant and equipment, net 11,421.3 10,430.0
Intangible assets, net 2,074.3 2,165.8
Goodwill, net 256.6 256.6
Long-term assets from risk management activities 21.7 23.2
Investments in unconsolidated affiliates 363.9 221.6
Other long-term assets 26.8 21.5
Total assets 15,596.1 [1] 14,388.6
Current liabilities:    
Accounts payable and accrued liabilities 1,670.1 1,186.9
Liabilities from risk management activities 103.2 79.7
Current debt obligations 180.0 350.0
Total current liabilities 1,953.3 1,616.6
Long-term debt 5,392.5 4,703.0
Long-term liabilities from risk management activities 35.5 19.6
Deferred income taxes, net 519.2 479.0
Other long-term liabilities 214.8 597.9
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 6,233.7 6,302.8
Retained earnings (deficit) 60.0 (77.2)
Accumulated other comprehensive income (loss) (37.9) (29.9)
Treasury stock, at cost (640,033 shares as of June 30, 2018 and 585,640 shares as of December 31, 2017) (38.2) (35.6)
Total Targa Resources Corp. stockholders' equity 6,217.8 6,160.3
Noncontrolling interests in subsidiaries 1,032.4 595.7
Total owners' equity 7,250.2 6,756.0
Total liabilities, Series A Preferred Stock and owners' equity 15,596.1 14,388.6
Series A Preferred Stock [Member]    
Current liabilities:    
Series A Preferred 9.5% Stock, $1,000 per share liquidation preference, (1,200,000 shares authorized, issued and outstanding 965,100 shares), net of discount (see Note 11) $ 230.6 $ 216.5
[1] Assets in the Corporate and Eliminations column primarily include tax-related assets, cash, prepaids and debt issuance costs for our revolving credit facilities.