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Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2015
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE |
16. | 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,
| 2015 |  | 2014 |  | 2013
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share from continuing operations: |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Valero stockholders from continuing operations |  |  | $ | 3,990 |  |  |  |  | $ | 3,694 |  |  |  |  | $ | 2,714 |
Less dividends paid: |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 845 |  |  |  |  | 552 |  |  |  |  | 460 |
Participating securities |  |  | 3 |  |  |  |  | 2 |  |  |  |  | 2 |
Undistributed earnings |  |  | $ | 3,142 |  |  |  |  | $ | 3,140 |  |  |  |  | $ | 2,252 |
Weighted-average common shares outstanding | 2 |  |  | 497 |  |  | 2 |  |  | 526 |  |  | 3 |  |  | 542 |
Earnings per common share from continuing operations: |  |  |  |  |  |  |  |  |  |  |
Distributed earnings | $ | 1.70 |  |  | $ | 1.70 |  |  | $ | 1.05 |  |  | $ | 1.05 |  |  | $ | 0.85 |  |  | $ | 0.85 |
Undistributed earnings | 6.30 |  |  | 6.30 |  |  | 5.95 |  |  | 5.95 |  |  | 4.13 |  |  | 4.13 |
Total earnings per common share from continuing operations | $ | 8.00 |  |  | $ | 8.00 |  |  | $ | 7.00 |  |  | $ | 7.00 |  |  | $ | 4.98 |  |  | $ | 4.98 |
Earnings per common share from continuing operations – assuming dilution: |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Valero stockholders from continuing operations |  |  | $ | 3,990 |  |  |  |  | $ | 3,694 |  |  |  |  | $ | 2,714 |
Weighted-average common shares outstanding |  |  | 497 |  |  |  |  | 526 |  |  |  |  | 542 |
Common equivalent shares: |  |  |  |  |  |  |  |  |  |  |
Stock options |  |  | 2 |  |  |  |  | 2 |  |  |  |  | 4 |
Performance awards and nonvested restricted stock |  |  | 1 |  |  |  |  | 2 |  |  |  |  | 2 |
Weighted-average common shares outstanding – assuming dilution |  |  | 500 |  |  |  |  | 530 |  |  |  |  | 548 |
Earnings per common share from continuing operations – assuming dilution |  |  | $ | 7.99 |  |  |  |  | $ | 6.97 |  |  |  |  | $ | 4.96 |

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