10-Q Filing

VALERO ENERGY CORP/TX CIK: 1035002 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001035002-22-000044`
Period End Date	20220630
Filing Date	20220728
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	vlo-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 84 Cash Flow Statement 52 Stockholders Equity 45 Comprehensive Income 40

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.12B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.39B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.20B	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$14.44B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	673.50M	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$10.38B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	673.50M	shares	Point-in-time
Treasury stock, common shares	`TreasuryStockShares`	279.53M	shares	Point-in-time
Inventories	`InventoryNet`	$6.26B	USD	Point-in-time
Inventories	`InventoryNet`	$7.15B	USD	Point-in-time
Treasury stock, common shares	`TreasuryStockShares`	264.31M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$431.00M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$400.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$21.16B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$27.41B	USD	Point-in-time
Property, plant, and equipment, at cost	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization`	$49.07B	USD	Point-in-time
Property, plant, and equipment, at cost	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization`	$49.60B	USD	Point-in-time
Accumulated depreciation	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization`	$18.85B	USD	Point-in-time
Accumulated depreciation	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization`	$18.23B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$30.85B	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$30.75B	USD	Point-in-time
Deferred charges and other assets, net	`OtherAssetsNoncurrent`	$6.18B	USD	Point-in-time
Deferred charges and other assets, net	`OtherAssetsNoncurrent`	$5.88B	USD	Point-in-time
Total assets	`Assets`	$64.34B	USD	Point-in-time
Total assets	`Assets`	$57.89B	USD	Point-in-time
Current portion of debt and finance lease obligations	`DebtCurrent`	$1.26B	USD	Point-in-time
Current portion of debt and finance lease obligations	`DebtCurrent`	$1.02B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$16.64B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$12.49B	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.25B	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$1.11B	USD	Point-in-time
Taxes other than income taxes payable	`SalesAndExciseTaxPayableCurrent`	$1.46B	USD	Point-in-time
Taxes other than income taxes payable	`SalesAndExciseTaxPayableCurrent`	$1.60B	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$378.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.59B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.97B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.85B	USD	Point-in-time
Debt and finance lease obligations, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$12.61B	USD	Point-in-time
Debt and finance lease obligations, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$11.86B	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$4.79B	USD	Point-in-time
Deferred income tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$5.21B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$3.40B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$2.99B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value; 1,200,000,000 shares authorized; 673,501,593 and 673,501,593 shares issued	`CommonStockValue`	$7.00M	USD	Point-in-time
Common stock, $0.01 par value; 1,200,000,000 shares authorized; 673,501,593 and 673,501,593 shares issued	`CommonStockValue`	$7.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.84B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.83B	USD	Point-in-time
Treasury stock, at cost; 279,531,760 and 264,305,955 common shares	`TreasuryStockValue`	$15.68B	USD	Point-in-time
Treasury stock, at cost; 279,531,760 and 264,305,955 common shares	`TreasuryStockValue`	$17.54B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$28.28B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$33.08B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.01B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.43B	USD	Point-in-time
Total Valero Energy Corporation stockholders equity	`StockholdersEquity`	$18.43B	USD	Point-in-time
Total Valero Energy Corporation stockholders equity	`StockholdersEquity`	$20.97B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.76B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$1.39B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.73B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.73B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.82B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.64B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.70B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.41B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$64.34B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$57.89B	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$48.55B	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$51.64B	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$90.18B	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerIncludingAssessedTax`	$27.75B	USD	1 Quarter
Cost of materials and other	`CostDirectMaterial`	$25.25B	USD	1 Quarter
Cost of materials and other	`CostDirectMaterial`	$77.89B	USD	2 Qtrs
Cost of materials and other	`CostDirectMaterial`	$42.95B	USD	1 Quarter
Cost of materials and other	`CostDirectMaterial`	$44.24B	USD	2 Qtrs
Operating expenses (excluding depreciation and amortization expense reflected below)	`CostOfGoodsAndServicesSoldOverhead`	$1.63B	USD	1 Quarter
Operating expenses (excluding depreciation and amortization expense reflected below)	`CostOfGoodsAndServicesSoldOverhead`	$3.00B	USD	2 Qtrs
Operating expenses (excluding depreciation and amortization expense reflected below)	`CostOfGoodsAndServicesSoldOverhead`	$1.21B	USD	1 Quarter
Operating expenses (excluding depreciation and amortization expense reflected below)	`CostOfGoodsAndServicesSoldOverhead`	$2.87B	USD	2 Qtrs
Depreciation and amortization expense	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$1.19B	USD	2 Qtrs
Depreciation and amortization expense	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$1.14B	USD	2 Qtrs
Depreciation and amortization expense	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$590.00M	USD	1 Quarter
Depreciation and amortization expense	`CostOfGoodsAndServicesSoldDepreciationAndAmortization`	$576.00M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$48.25B	USD	2 Qtrs
Total cost of sales	`CostOfRevenue`	$27.04B	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$82.08B	USD	2 Qtrs
Total cost of sales	`CostOfRevenue`	$45.16B	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$12.00M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$34.00M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$50.00M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$15.00M	USD	1 Quarter
General and administrative expenses (excluding depreciation and amortization expense reflected below)	`GeneralAndAdministrativeExpense`	$384.00M	USD	2 Qtrs
General and administrative expenses (excluding depreciation and amortization expense reflected below)	`GeneralAndAdministrativeExpense`	$176.00M	USD	1 Quarter
General and administrative expenses (excluding depreciation and amortization expense reflected below)	`GeneralAndAdministrativeExpense`	$438.00M	USD	2 Qtrs
General and administrative expenses (excluding depreciation and amortization expense reflected below)	`GeneralAndAdministrativeExpense`	$233.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$24.00M	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAndAmortization`	$12.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$12.00M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$23.00M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-157.00M	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$6.22B	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$509.00M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$7.60B	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$33.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$147.00M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$13.00M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$102.00M	USD	1 Quarter
Interest and debt expense, net of capitalized interest	`InterestExpense`	$287.00M	USD	2 Qtrs
Interest and debt expense, net of capitalized interest	`InterestExpense`	$150.00M	USD	1 Quarter
Interest and debt expense, net of capitalized interest	`InterestExpense`	$299.00M	USD	2 Qtrs
Interest and debt expense, net of capitalized interest	`InterestExpense`	$142.00M	USD	1 Quarter
Income (loss) before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$461.00M	USD	1 Quarter
Income (loss) before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-309.00M	USD	2 Qtrs
Income (loss) before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.33B	USD	2 Qtrs
Income (loss) before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.11B	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.34B	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$21.00M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$169.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.59B	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$292.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-330.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$4.77B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$5.74B	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$137.00M	USD	2 Qtrs
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$130.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$75.00M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$212.00M	USD	2 Qtrs
Net income (loss) attributable to Valero Energy Corporation stockholders	`NetIncomeLoss`	$162.00M	USD	1 Quarter
Net income (loss) attributable to Valero Energy Corporation stockholders	`NetIncomeLoss`	$5.60B	USD	2 Qtrs
Net income (loss) attributable to Valero Energy Corporation stockholders	`NetIncomeLoss`	$4.69B	USD	1 Quarter
Net income (loss) attributable to Valero Energy Corporation stockholders	`NetIncomeLoss`	$-542.00M	USD	2 Qtrs
Earnings (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Earnings (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$11.58	USD	1 Quarter
Earnings (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$13.75	USD	2 Qtrs
Earnings (loss) per common share (in dollars per share)	`EarningsPerShareBasic`	$-1.34	USD	2 Qtrs
Weighted-average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	407.00M	shares	2 Qtrs
Weighted-average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	407.00M	shares	1 Quarter
Weighted-average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	404.00M	shares	1 Quarter
Weighted-average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	406.00M	shares	2 Qtrs
Earnings (loss) per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Earnings (loss) per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$11.57	USD	1 Quarter
Earnings (loss) per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$13.74	USD	2 Qtrs
Earnings (loss) per common share assuming dilution (in dollars per share)	`EarningsPerShareDiluted`	$-1.34	USD	2 Qtrs
Weighted-average common shares outstanding assuming dilution (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	407.00M	shares	1 Quarter
Weighted-average common shares outstanding assuming dilution (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	406.00M	shares	2 Qtrs
Weighted-average common shares outstanding assuming dilution (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	407.00M	shares	2 Qtrs
Weighted-average common shares outstanding assuming dilution (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	404.00M	shares	1 Quarter
Includes excise taxes on sales by certain of our foreign operations	`ExciseAndSalesTaxes`	$2.54B	USD	2 Qtrs
Includes excise taxes on sales by certain of our foreign operations	`ExciseAndSalesTaxes`	$1.42B	USD	1 Quarter
Includes excise taxes on sales by certain of our foreign operations	`ExciseAndSalesTaxes`	$1.25B	USD	1 Quarter
Includes excise taxes on sales by certain of our foreign operations	`ExciseAndSalesTaxes`	$2.68B	USD	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$292.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-330.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$4.77B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$5.74B	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAmortizationAndAccretionNet`	$1.17B	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationAmortizationAndAccretionNet`	$1.21B	USD	2 Qtrs
Loss on early retirement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-50.00M	USD	2 Qtrs
Loss on early retirement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	$62.00M	USD	2 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxesAndTaxCredits`	$-333.00M	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxesAndTaxCredits`	$-136.00M	USD	2 Qtrs
Changes in current assets and current liabilities	`IncreaseDecreaseInOperatingCapitalCurrent`	$-1.25B	USD	2 Qtrs
Changes in current assets and current liabilities	`IncreaseDecreaseInOperatingCapitalCurrent`	$128.00M	USD	2 Qtrs
Changes in deferred charges and credits and other operating activities, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$99.00M	USD	2 Qtrs
Changes in deferred charges and credits and other operating activities, net	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-67.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.96B	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$6.43B	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$270.00M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSalesOfAssetsInvestingActivities`	$32.00M	USD	2 Qtrs
Investments in nonconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$9.00M	USD	2 Qtrs
Investments in nonconsolidated joint ventures	`PaymentsToAcquireInterestInJointVenture`	$1.00M	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-24.00M	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-4.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-836.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.46B	USD	2 Qtrs
Premiums paid on early retirement of debt	`PaymentsOfDebtExtinguishmentCosts`	-	USD	2 Qtrs
Premiums paid on early retirement of debt	`PaymentsOfDebtExtinguishmentCosts`	$48.00M	USD	2 Qtrs
Purchases of common stock for treasury	`PaymentsForRepurchaseOfCommonStock`	$15.00M	USD	2 Qtrs
Purchases of common stock for treasury	`PaymentsForRepurchaseOfCommonStock`	$1.89B	USD	2 Qtrs
Common stock dividend payments	`PaymentsOfDividendsCommonStock`	$800.00M	USD	2 Qtrs
Common stock dividend payments	`PaymentsOfDividendsCommonStock`	$801.00M	USD	2 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	$240.00M	USD	2 Qtrs
Contributions from noncontrolling interests	`ProceedsFromMinorityShareholders`	-	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$2.00M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$3.00M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.00M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.64B	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-866.00M	USD	2 Qtrs
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-61.00M	USD	2 Qtrs
Effect of foreign exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.00M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.27B	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$259.00M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.12B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.31B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.39B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.57B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.12B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.31B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.39B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.57B	USD	Point-in-time

Stockholders Equity 45 line items

Line Item	Tag	Value	Unit	Period
Dividends on common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.98	USD	1 Quarter
Dividends on common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.98	USD	1 Quarter
Dividends on common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$1.96	USD	2 Qtrs
Dividends on common stock (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$1.96	USD	2 Qtrs
Balance as of beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.73B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.73B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.82B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.64B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.70B	USD	Point-in-time
Balance as of beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.41B	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$292.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-330.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$4.77B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$5.74B	USD	2 Qtrs
Dividends on common stock	`Dividends`	$800.00M	USD	2 Qtrs
Dividends on common stock	`Dividends`	$399.00M	USD	1 Quarter
Dividends on common stock	`Dividends`	$801.00M	USD	2 Qtrs
Dividends on common stock	`Dividends`	$401.00M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$15.00M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$13.00M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$47.00M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$41.00M	USD	2 Qtrs
Transactions in connection with stock-based compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.00M	USD	2 Qtrs
Transactions in connection with stock-based compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.00M	USD	2 Qtrs
Transactions in connection with stock-based compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.00M	USD	1 Quarter
Transactions in connection with stock-based compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.00M	USD	1 Quarter
Purchases of common stock for treasury	`TreasuryStockValueAcquiredCostMethod`	$1.00M	USD	1 Quarter
Purchases of common stock for treasury	`TreasuryStockValueAcquiredCostMethod`	$1.89B	USD	2 Qtrs
Purchases of common stock for treasury	`TreasuryStockValueAcquiredCostMethod`	$15.00M	USD	2 Qtrs
Purchases of common stock for treasury	`TreasuryStockValueAcquiredCostMethod`	$1.75B	USD	1 Quarter
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$240.00M	USD	2 Qtrs
Contributions from noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$75.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.00M	USD	2 Qtrs
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$3.00M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-414.00M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-390.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$73.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$167.00M	USD	2 Qtrs
Balance as of end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.73B	USD	Point-in-time
Balance as of end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$22.73B	USD	Point-in-time
Balance as of end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.82B	USD	Point-in-time
Balance as of end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$19.64B	USD	Point-in-time
Balance as of end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$18.70B	USD	Point-in-time
Balance as of end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.41B	USD	Point-in-time

Comprehensive Income 40 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$292.00M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-330.00M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$4.77B	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$5.74B	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$145.00M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-429.00M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$-442.00M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax`	$69.00M	USD	1 Quarter
Net gain on pension and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-9.00M	USD	1 Quarter
Net gain on pension and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-13.00M	USD	1 Quarter
Net gain on pension and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-28.00M	USD	2 Qtrs
Net gain on pension and other postretirement benefits	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-17.00M	USD	2 Qtrs
Net gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax`	$5.00M	USD	2 Qtrs
Net gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax`	$50.00M	USD	1 Quarter
Net gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax`	$3.00M	USD	2 Qtrs
Net gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax`	$-7.00M	USD	1 Quarter
Other comprehensive income (loss) before income tax expense	`OtherComprehensiveIncomeLossBeforeTax`	$-383.00M	USD	1 Quarter
Other comprehensive income (loss) before income tax expense	`OtherComprehensiveIncomeLossBeforeTax`	$176.00M	USD	2 Qtrs
Other comprehensive income (loss) before income tax expense	`OtherComprehensiveIncomeLossBeforeTax`	$-407.00M	USD	2 Qtrs
Other comprehensive income (loss) before income tax expense	`OtherComprehensiveIncomeLossBeforeTax`	$75.00M	USD	1 Quarter
Income tax expense related to items of other comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$9.00M	USD	2 Qtrs
Income tax expense related to items of other comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$2.00M	USD	1 Quarter
Income tax expense related to items of other comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$7.00M	USD	2 Qtrs
Income tax expense related to items of other comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$7.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-414.00M	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-390.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$73.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$167.00M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$365.00M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$4.38B	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-163.00M	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$5.32B	USD	2 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$127.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$101.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$214.00M	USD	2 Qtrs
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$140.00M	USD	2 Qtrs
Comprehensive income (loss) attributable to Valero Energy Corporation stockholders	`ComprehensiveIncomeNetOfTax`	$238.00M	USD	1 Quarter
Comprehensive income (loss) attributable to Valero Energy Corporation stockholders	`ComprehensiveIncomeNetOfTax`	$-377.00M	USD	2 Qtrs
Comprehensive income (loss) attributable to Valero Energy Corporation stockholders	`ComprehensiveIncomeNetOfTax`	$4.28B	USD	1 Quarter
Comprehensive income (loss) attributable to Valero Energy Corporation stockholders	`ComprehensiveIncomeNetOfTax`	$5.18B	USD	2 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.