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Earnings Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014
Earnings per common share from continuing operations: |  |  |  |
Net income attributable to Valero stockholders from continuing operations | $ 1,351 | $ 651 | $ 2,315 | $ 1,480
Less dividends paid: |  |  |  |
Weighted-average common shares outstanding (in shares) | 505 | 529 | 509 | 530
Earnings per common share from continuing operations: |  |  |  |
Total earnings per common share from continuing operations (in usd per share) | $ 2.67 | $ 1.23 | $ 4.53 | $ 2.78
Earnings per common share from continuing operations – assuming dilution: |  |  |  |
Net income attributable to Valero stockholders from continuing operations | $ 1,351 | $ 651 | $ 2,315 | $ 1,480
Weighted-average common shares outstanding (in shares) | 505 | 529 | 509 | 530
Common equivalent shares: |  |  |  |
Weighted-average common shares outstanding – assuming dilution (in shares) | 508 | 534 | 512 | 535
Earnings per common share from continuing operations – assuming dilution (in usd per share) | $ 2.66 | $ 1.22 | $ 4.52 | $ 2.77
Common Stock [Member] |  |  |  |
Earnings per common share from continuing operations: |  |  |  |
Net income attributable to Valero stockholders from continuing operations | $ 1,351 | $ 651 | $ 2,315 | $ 1,480
Less dividends paid: |  |  |  |
Common stock | 203 | 133 | 408 | 265
Participating securities |  |  | 1 | 1
Undistributed earnings | $ 1,148 | $ 518 | $ 1,906 | $ 1,214
Weighted-average common shares outstanding (in shares) | 505 | 529 | 509 | 530
Earnings per common share from continuing operations: |  |  |  |
Distributed earnings (in usd per share) | $ 0.40 | $ 0.25 | $ 0.80 | $ 0.50
Undistributed earnings (in usd per share) | 2.27 | 0.98 | 3.73 | 2.28
Total earnings per common share from continuing operations (in usd per share) | $ 2.67 | $ 1.23 | $ 4.53 | $ 2.78
Earnings per common share from continuing operations – assuming dilution: |  |  |  |
Net income attributable to Valero stockholders from continuing operations | $ 1,351 | $ 651 | $ 2,315 | $ 1,480
Weighted-average common shares outstanding (in shares) | 505 | 529 | 509 | 530
Common equivalent shares: |  |  |  |
Stock options (in shares) | 2 | 3 | 2 | 3
Performance awards and nonvested restricted stock (in shares) | 1 | 2 | 1 | 2
Weighted-average common shares outstanding – assuming dilution (in shares) | 508 | 534 | 512 | 535
Earnings per common share from continuing operations – assuming dilution (in usd per share) | $ 2.66 | $ 1.22 | $ 4.52 | $ 2.77
Participating Securities [Member] |  |  |  |
Less dividends paid: |  |  |  |
Weighted-average common shares outstanding (in shares) | 2 | 2 | 2 | 2
Earnings per common share from continuing operations: |  |  |  |
Distributed earnings (in usd per share) | $ 0.40 | $ 0.25 | $ 0.80 | $ 0.50
Undistributed earnings (in usd per share) | 2.27 | 0.98 | 3.73 | 2.28
Total earnings per common share from continuing operations (in usd per share) | $ 2.67 | $ 1.23 | $ 4.53 | $ 2.78
Earnings per common share from continuing operations – assuming dilution: |  |  |  |
Weighted-average common shares outstanding (in shares) | 2 | 2 | 2 | 2

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