XML 63 R40.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Debt and Capital Lease Obligations (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Debt and Capital Lease Obligations [Abstract] |
Debt and capital lease obligations | Debt, at stated values, and capital lease obligations consisted of the following (in millions):
| Final Maturity |  | December 31,
|  | 2012 |  | 2011
Bank credit facilities | Various |  | $ | — |  |  | $ | — |
Industrial revenue bonds: |  |  |  |  |
Tax-exempt Revenue Refunding Bonds: |  |  |  |  |
Series 1997A, 5.45% | 2027 |  | — |  |  | 18 |
Tax-exempt Waste Disposal Revenue Bonds: |  |  |  |  |
Series 1997, 5.6% | 2031 |  | — |  |  | 25 |
Series 1998, 5.6% | 2032 |  | — |  |  | 25 |
Series 1999, 5.7% | 2032 |  | — |  |  | 25 |
Series 2001, 6.65% | 2032 |  | — |  |  | 19 |
4.5% notes | 2015 |  | 400 |  |  | 400 |
4.75% notes | 2013 |  | 300 |  |  | 300 |
4.75% notes | 2014 |  | 200 |  |  | 200 |
6.125% notes | 2017 |  | 750 |  |  | 750 |
6.125% notes | 2020 |  | 850 |  |  | 850 |
6.625% notes | 2037 |  | 1,500 |  |  | 1,500 |
6.875% notes | 2012 |  | — |  |  | 750 |
7.5% notes | 2032 |  | 750 |  |  | 750 |
8.75% notes | 2030 |  | 200 |  |  | 200 |
Debentures: |  |  |  |  |
7.65% | 2026 |  | 100 |  |  | 100 |
8.75% | 2015 |  | 75 |  |  | 75 |
Senior Notes: |  |  |  |  |
6.7% | 2013 |  | 180 |  |  | 180 |
6.75% | 2037 |  | 24 |  |  | 24 |
7.2% | 2017 |  | 200 |  |  | 200 |
7.45% | 2097 |  | 100 |  |  | 100 |
9.375% | 2019 |  | 750 |  |  | 750 |
10.5% | 2039 |  | 250 |  |  | 250 |
Gulf Opportunity Zone Revenue Bonds, Series 2010, 4.0% | 2040 |  | 300 |  |  | — |
Accounts receivable sales facility | 2013 |  | 100 |  |  | 250 |
Net unamortized discount, including fair value adjustments |  |  | (29 | ) |  | (51 | )
Total debt |  |  | 7,000 |  |  | 7,690 |
Capital lease obligations, including unamortized fair value adjustments |  | 49 |  |  | 51 |
Total debt and capital lease obligations |  |  | 7,049 |  |  | 7,741 |
Less current portion |  |  | (586 | ) |  | (1,009 | )
Debt and capital lease obligations, less current portion |  |  | $ | 6,463 |  |  | $ | 6,732 |
Outstanding letters of credit under committed lines of credit | We had outstanding letters of credit under our committed lines of credit as follows (in millions):
|  |  |  |  |  | Amounts Outstanding
|  | Borrowing Capacity |  | Expiration |  | December 31, 2012 |  | December 31, 2011
Letter of credit facilities |  | $ | 550 |  |  | June 2013 |  | $ | 418 |  |  | $ | 300 |
Revolver |  | $ | 3,000 |  |  | December 2016 |  | $ | 59 |  |  | $ | 119 |
Canadian revolving credit facility |  | C$ | 50 |  |  | November 2013 |  | C$ | 10 |  |  | C$ | 20 |
Changes in accounts receivable sales facility | Changes in the amounts outstanding under our accounts receivable sales facility were as follows (in millions):
| Year Ended December 31,
| 2012 |  | 2011 |  | 2010
Balance as of beginning of year | $ | 250 |  |  | $ | 100 |  |  | $ | 200 |
Proceeds from the sale of receivables | 1,500 |  |  | 150 |  |  | 1,225 |
Repayments | (1,650 | ) |  | — |  |  | (1,325 | )
Balance as of end of year | $ | 100 |  |  | $ | 250 |  |  | $ | 100 |
Principal payments on debt and future minimum rentals on capital lease obligations | Principal payments on our debt obligations and future minimum rentals on capital lease obligations as of December 31, 2012 were as follows (in millions):
| Debt |  | Capital Lease Obligations
2013 | $ | 580 |  |  | $ | 12 |
2014 | 200 |  |  | 10 |
2015 | 475 |  |  | 9 |
2016 | — |  |  | 8 |
2017 | 950 |  |  | 7 |
Thereafter | 4,824 |  |  | 35 |
Net unamortized discount and fair value adjustments | (29 | ) |  | — |
Less interest expense | — |  |  | (32 | )
Total | $ | 7,000 |  |  | $ | 49 |

X
- Details
Name: | us-gaap_DebtAndCapitalLeaseObligationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph f -Article 4 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfLineOfCreditFacilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of principal payments on debt and future miniumum rentals on capital lease obligations. + References No definition available. + Details
Name: | vlo_PrincipalPaymentsOnDebtAndFutureMinimumRentalsOnCapitalLeaseObligationsTextBlock
Namespace Prefix: | vlo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in carrying amount of the accounts receivable sales facility. + References No definition available. + Details
Name: | vlo_ScheduleOfChangesInAccountsReceivableSalesFacilityTableTextBlock
Namespace Prefix: | vlo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements and capital lease obligations, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | vlo_ScheduleOfDebtAndCapitalLeaseObligationsTableTextBlock
Namespace Prefix: | vlo_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration