XML 18 R25.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Earnings Per Common Share (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Earnings Per Share [Abstract] |
Schedule of earnings per common share, basic and diluted | Earnings per common share were computed as follows (dollars and shares in millions, except per share amounts):
| Three Months Ended June 30,
| 2015 |  | 2014
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share from continuing operations: |  |  |  |  |  |  |
Net income attributable to Valero stockholders from continuing operations |  |  | $ | 1,351 |  |  |  |  | $ | 651 |
Less dividends paid on common stock |  |  | 203 |  |  |  |  | 133 |
Undistributed earnings |  |  | $ | 1,148 |  |  |  |  | $ | 518 |
Weighted-average common shares outstanding | 2 |  |  | 505 |  |  | 2 |  |  | 529 |
Earnings per common share from continuing operations: |  |  |  |  |  |  |
Distributed earnings | $ | 0.40 |  |  | $ | 0.40 |  |  | $ | 0.25 |  |  | $ | 0.25 |
Undistributed earnings | 2.27 |  |  | 2.27 |  |  | 0.98 |  |  | 0.98 |
Total earnings per common share from continuing operations | $ | 2.67 |  |  | $ | 2.67 |  |  | $ | 1.23 |  |  | $ | 1.23 |
Earnings per common share from continuing operations – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders from continuing operations |  |  | $ | 1,351 |  |  |  |  | $ | 651 |
Weighted-average common shares outstanding |  |  | 505 |  |  |  |  | 529 |
Common equivalent shares: |  |  |  |  |  |  |
Stock options |  |  | 2 |  |  |  |  | 3 |
Performance awards and nonvested restricted stock |  |  | 1 |  |  |  |  | 2 |
Weighted-average common shares outstanding – assuming dilution |  |  | 508 |  |  |  |  | 534 |
Earnings per common share from continuing operations – assuming dilution |  |  | $ | 2.66 |  |  |  |  | $ | 1.22 |
| Six Months Ended June 30,
| 2015 |  | 2014
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share from continuing operations: |  |  |  |  |  |  |
Net income attributable to Valero stockholders from continuing operations |  |  | $ | 2,315 |  |  |  |  | $ | 1,480 |
Less dividends paid: |  |  |  |  |  |  |
Common stock |  |  | 408 |  |  |  |  | 265 |
Participating securities |  |  | 1 |  |  |  |  | 1 |
Undistributed earnings |  |  | $ | 1,906 |  |  |  |  | $ | 1,214 |
Weighted-average common shares outstanding | 2 |  |  | 509 |  |  | 2 |  |  | 530 |
Earnings per common share from continuing operations: |  |  |  |  |  |  |
Distributed earnings | $ | 0.80 |  |  | $ | 0.80 |  |  | $ | 0.50 |  |  | $ | 0.50 |
Undistributed earnings | 3.73 |  |  | 3.73 |  |  | 2.28 |  |  | 2.28 |
Total earnings per common share from continuing operations | $ | 4.53 |  |  | $ | 4.53 |  |  | $ | 2.78 |  |  | $ | 2.78 |
Earnings per common share from continuing operations – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders from continuing operations |  |  | $ | 2,315 |  |  |  |  | $ | 1,480 |
Weighted-average common shares outstanding |  |  | 509 |  |  |  |  | 530 |
Common equivalent shares: |  |  |  |  |  |  |
Stock options |  |  | 2 |  |  |  |  | 3 |
Performance awards and nonvested restricted stock |  |  | 1 |  |  |  |  | 2 |
Weighted-average common shares outstanding – assuming dilution |  |  | 512 |  |  |  |  | 535 |
Earnings per common share from continuing operations – assuming dilution |  |  | $ | 4.52 |  |  |  |  | $ | 2.77 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration