v3.26.3
Supplemental Cash Flow Information (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 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 0.0
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.