Supplemental Cash Flow Information (Tables)

9 Months Ended

Sep. 30, 2026

Supplemental Cash Flow Information [Abstract]


	Nine Months Ended September 30,
	2026			2025
Cash:
Interest paid, net of capitalized interest (1)	$	800.8		$	740.7
Income taxes paid, net of refunds		1.3			24.5
Non-cash investing activities:
Change in deadstock commodity inventory	$	11.5		$	(9.7	)
Impact of net accruals on capital expenditures		206.9			2.5
Change in ARO liability and property, plant and equipment, net due to additions and revised cash flow estimates		6.7			1.9
Non-cash financing activities:
Changes in accrued distributions to noncontrolling interests	$	(0.3	)	$	(13.7	)
Transfers to noncontrolling interests (2)		6.4			—
Changes in lease liabilities from recognition (derecognition) of right-of-use assets:
Operating lease	$	25.4		$	(2.5	)
Finance lease (3)		519.6			108.1

(1)

Interest capitalized on major projects, including investments in unconsolidated affiliates, was $96.8 million and $55.6 million for the nine months ended September 30, 2026 and 2025.

(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 amount for the nine months ended September 30, 2026 includes activity related to the amendment of a compressor lease agreement. See “Note 8 – Leases” for further details.