v3.25.0.1
Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash:      
Interest paid, net of capitalized interest [1] $ 712.7 $ 618.6 $ 401.3
Income taxes paid, net of refunds 16.7 8.5 1.6
Non-cash investing activities:      
Change in deadstock commodity inventory 3.7 (13.7) (3.8)
Impact of net accruals on capital expenditures 221.7 58.2 60.1
Change in ARO liability and property, plant and equipment, net due to revised cash flow estimate and additions 64.1 4.9 0.8
Non-cash financing activities:      
Changes in accrued distributions to noncontrolling interests (3.6) 8.9 (26.1)
Reduction of owner's equity related to accrued dividends on unvested equity awards under share compensation arrangements 3.8 3.9 7.1
Non-cash distributions to noncontrolling interests [2]     64.2
Accretion of deemed dividends on Series A Preferred     215.5
Lease liabilities arising from recognition of right-of-use assets:      
Operating lease 66.8 53.1 9.7
Finance lease [3] $ 59.8 $ 104.8 $ 220.7
[1] Interest capitalized on major projects was $74.8 million, $41.1 million and $16.3 million for the years ended December 31, 2024, 2023 and 2022.
[2] Represents the transfer of an undivided interest in certain gas gathering and processing facilities to a joint owner upon Targa’s recovery of a specified payout amount for our initial full funding of the facilities.
[3] The December 31, 2022 amount includes $171.2 million related to compressor leases from the Delaware Basin Acquisition that were subsequently amended and extended.