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Earnings Per Common Share (Tables) | 9 Months Ended
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Sep. 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 September 30,
| 2016 |  | 2015
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 613 |  |  |  |  | $ | 1,377 |
Less dividends paid: |  |  |  |  |  |  |
Common stock |  |  | 275 |  |  |  |  | 198 |
Participating securities |  |  | 1 |  |  |  |  | 1 |
Undistributed earnings |  |  | $ | 337 |  |  |  |  | $ | 1,178 |
Weighted-average common shares outstanding | 1 |  |  | 458 |  |  | 2 |  |  | 491 |
Earnings per common share: |  |  |  |  |  |  |
Distributed earnings | $ | 0.60 |  |  | $ | 0.60 |  |  | $ | 0.40 |  |  | $ | 0.40 |
Undistributed earnings | 0.73 |  |  | 0.73 |  |  | 2.39 |  |  | 2.39 |
Total earnings per common share | $ | 1.33 |  |  | $ | 1.33 |  |  | $ | 2.79 |  |  | $ | 2.79 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 613 |  |  |  |  | $ | 1,377 |
Weighted-average common shares outstanding |  |  | 458 |  |  |  |  | 491 |
Common equivalent shares: |  |  |  |  |  |  |
Stock options |  |  | 1 |  |  |  |  | 1 |
Performance awards and nonvested restricted stock |  |  | 1 |  |  |  |  | 2 |
Weighted-average common shares outstanding – assuming dilution |  |  | 460 |  |  |  |  | 494 |
Earnings per common share – assuming dilution |  |  | $ | 1.33 |  |  |  |  | $ | 2.79 |
| Nine Months Ended September 30,
| 2016 |  | 2015
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 1,922 |  |  |  |  | $ | 3,692 |
Less dividends paid: |  |  |  |  |  |  |
Common stock |  |  | 837 |  |  |  |  | 606 |
Participating securities |  |  | 3 |  |  |  |  | 2 |
Undistributed earnings |  |  | $ | 1,082 |  |  |  |  | $ | 3,084 |
Weighted-average common shares outstanding | 1 |  |  | 465 |  |  | 2 |  |  | 503 |
Earnings per common share: |  |  |  |  |  |  |
Distributed earnings | $ | 1.80 |  |  | $ | 1.80 |  |  | $ | 1.20 |  |  | $ | 1.20 |
Undistributed earnings | 2.32 |  |  | 2.32 |  |  | 6.11 |  |  | 6.11 |
Total earnings per common share | $ | 4.12 |  |  | $ | 4.12 |  |  | $ | 7.31 |  |  | $ | 7.31 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 1,922 |  |  |  |  | $ | 3,692 |
Weighted-average common shares outstanding |  |  | 465 |  |  |  |  | 503 |
Common equivalent shares: |  |  |  |  |  |  |
Stock options |  |  | 1 |  |  |  |  | 2 |
Performance awards and nonvested restricted stock |  |  | 1 |  |  |  |  | 1 |
Weighted-average common shares outstanding – assuming dilution |  |  | 467 |  |  |  |  | 506 |
Earnings per common share – assuming dilution |  |  | $ | 4.12 |  |  |  |  | $ | 7.30 |

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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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