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Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2014
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE |
17. | EARNINGS PER COMMON SHARE
Earnings per common share from continuing operations were computed as follows (dollars and shares in millions, except per share amounts):
| Year Ended December 31,
| 2014 |  | 2013 |  | 2012
| Restricted Stock |  | Common Stock |  | Restricted Stock |  | Common Stock |  | Restricted Stock |  | Common Stock
Earnings per common share from continuing operations: |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Valero stockholders from continuing operations |  |  | $ | 3,694 |  |  |  |  | $ | 2,714 |  |  |  |  | $ | 3,117 |
Less dividends paid: |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 552 |  |  |  |  | 460 |  |  |  |  | 358 |
Nonvested restricted stock |  |  | 2 |  |  |  |  | 2 |  |  |  |  | 2 |
Undistributed earnings |  |  | $ | 3,140 |  |  |  |  | $ | 2,252 |  |  |  |  | $ | 2,757 |
Weighted-average common shares outstanding | 2 |  |  | 526 |  |  | 3 |  |  | 542 |  |  | 3 |  |  | 550 |
Earnings per common share from continuing operations: |  |  |  |  |  |  |  |  |  |  |
Distributed earnings | $ | 1.05 |  |  | $ | 1.05 |  |  | $ | 0.85 |  |  | $ | 0.85 |  |  | $ | 0.65 |  |  | $ | 0.65 |
Undistributed earnings | 5.95 |  |  | 5.95 |  |  | 4.13 |  |  | 4.13 |  |  | 4.99 |  |  | 4.99 |
Total earnings per common share from continuing operations | $ | 7.00 |  |  | $ | 7.00 |  |  | $ | 4.98 |  |  | $ | 4.98 |  |  | $ | 5.64 |  |  | $ | 5.64 |
Earnings per common share from continuing operations – assuming dilution: |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Valero stockholders from continuing operations |  |  | $ | 3,694 |  |  |  |  | $ | 2,714 |  |  |  |  | $ | 3,117 |
Weighted-average common shares outstanding |  |  | 526 |  |  |  |  | 542 |  |  |  |  | 550 |
Common equivalent shares: |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | 2 |  |  |  |  | 4 |  |  |  |  | 4 |
Performance awards and nonvested restricted stock |  |  | 2 |  |  |  |  | 2 |  |  |  |  | 2 |
Weighted-average common shares outstanding – assuming dilution |  |  | 530 |  |  |  |  | 548 |  |  |  |  | 556 |
Earnings per common share from continuing operations – assuming dilution |  |  | $ | 6.97 |  |  |  |  | $ | 4.96 |  |  |  |  | $ | 5.61 |

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