CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 139.5	$ 219.0
Trade receivables, net of allowances of $2.6 and $2.2 million at September 30, 2023 and December 31, 2022	1,241.1	1,408.4
Inventories	536.2	393.8
Assets from risk management activities	84.2	179.9
Other current assets	138.3	155.5
Total current assets	2,139.3	2,356.6
Property, plant and equipment, net	15,333.5	14,214.6
Intangible assets, net	2,446.6	2,734.6
Long-term assets from risk management activities	17.7	24.5
Investments in unconsolidated affiliates	138.3	131.3
Other long-term assets	114.2	98.4
Total assets	20,189.6	19,560.0
Current liabilities:
Accounts payable	1,581.3	1,448.8
Accrued liabilities	292.0	289.5
Interest payable	101.0	174.0
Liabilities from risk management activities	105.8	320.1
Current debt obligations	602.0	834.3
Total current liabilities	2,682.1	3,066.7
Long-term debt	12,318.4	10,702.1
Long-term liabilities from risk management activities	34.8	140.1
Deferred income taxes, net	418.3	327.7
Other long-term liabilities	358.2	341.2
Contingencies (see Note 12)	0.0	0.0
Targa Resources Corp. stockholders' equity:
Total Liabilities	15811.8	14577.8	0	0	0
Common stock ($0.001 par value, 450,000,000 shares authorized as of September 30, 2023 and December 31, 2022	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	3,061.5	3,702.3
Retained earnings (deficit)	305.5	(626.8)
Accumulated other comprehensive income (loss)	(5.3)	54.7
Treasury stock, at cost (17,007,277 shares as of September 30, 2023 and 11,896,829 shares as of December 31, 2022)	(855.8)	(464.7)
Total Targa Resources Corp. stockholders' equity	2,506.1	2,665.7
Noncontrolling interests	1,871.7	2,316.5
Total owners' equity	4,377.8	4,982.2
Total liabilities, Series A Preferred Stock and owners' equity	20,189.6	19,560.0
Series A Preferred Stock [Member]
Current liabilities:
Series A Preferred 9.5% Stock, $1,000 per share liquidation preference (1,200,000 shares authorized, zero shares issued and outstanding as of September 30, 2023 and December 31, 2022), net of discount	$ 0.0	$ 0.0

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- Definition

Fair value, before the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled within one year or normal operating cycle, if longer.

+ References

No definition available.