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Earnings Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2016
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,
| 2016 |  | 2015
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 814 |  |  |  |  | $ | 1,351 |
Less dividends paid: |  |  |  |  |  |  |
Common stock |  |  | 281 |  |  |  |  | 203 |
Participating securities |  |  | 1 |  |  |  |  | — |
Undistributed earnings |  |  | $ | 532 |  |  |  |  | $ | 1,148 |
Weighted-average common shares outstanding | 1 |  |  | 467 |  |  | 2 |  |  | 505 |
Earnings per common share: |  |  |  |  |  |  |
Distributed earnings | $ | 0.60 |  |  | $ | 0.60 |  |  | $ | 0.40 |  |  | $ | 0.40 |
Undistributed earnings | 1.14 |  |  | 1.14 |  |  | 2.27 |  |  | 2.27 |
Total earnings per common share | $ | 1.74 |  |  | $ | 1.74 |  |  | $ | 2.67 |  |  | $ | 2.67 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 814 |  |  |  |  | $ | 1,351 |
Weighted-average common shares outstanding |  |  | 467 |  |  |  |  | 505 |
Common equivalent shares: |  |  |  |  |  |  |
Stock options |  |  | 2 |  |  |  |  | 2 |
Performance awards and nonvested restricted stock |  |  | 1 |  |  |  |  | 1 |
Weighted-average common shares outstanding – assuming dilution |  |  | 470 |  |  |  |  | 508 |
Earnings per common share – assuming dilution |  |  | $ | 1.73 |  |  |  |  | $ | 2.66 |
| Six Months Ended June 30,
| 2016 |  | 2015
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 1,309 |  |  |  |  | $ | 2,315 |
Less dividends paid: |  |  |  |  |  |  |
Common stock |  |  | 562 |  |  |  |  | 408 |
Participating securities |  |  | 2 |  |  |  |  | 1 |
Undistributed earnings |  |  | $ | 745 |  |  |  |  | $ | 1,906 |
Weighted-average common shares outstanding | 1 |  |  | 468 |  |  | 2 |  |  | 509 |
Earnings per common share: |  |  |  |  |  |  |
Distributed earnings | $ | 1.20 |  |  | $ | 1.20 |  |  | $ | 0.80 |  |  | $ | 0.80 |
Undistributed earnings | 1.59 |  |  | 1.59 |  |  | 3.73 |  |  | 3.73 |
Total earnings per common share | $ | 2.79 |  |  | $ | 2.79 |  |  | $ | 4.53 |  |  | $ | 4.53 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 1,309 |  |  |  |  | $ | 2,315 |
Weighted-average common shares outstanding |  |  | 468 |  |  |  |  | 509 |
Common equivalent shares: |  |  |  |  |  |  |
Stock options |  |  | 2 |  |  |  |  | 2 |
Performance awards and nonvested restricted stock |  |  | 1 |  |  |  |  | 1 |
Weighted-average common shares outstanding – assuming dilution |  |  | 471 |  |  |  |  | 512 |
Earnings per common share – assuming dilution |  |  | $ | 2.78 |  |  |  |  | $ | 4.52 |

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- 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
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