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Equity (Tables) | 3 Months Ended
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Mar. 31, 2017
Equity [Abstract] |
Schedule of changes in equity | The following is a reconciliation of the beginning and ending balances of equity attributable to our stockholders, equity attributable to noncontrolling interests, and total equity (in millions):
| Three Months Ended March 31,
| 2017 |  | 2016
| Valero Stockholders’ Equity |  | Non- controlling Interests (a) |  | Total Equity |  | Valero Stockholders’ Equity |  | Non- controlling Interests (a) |  | Total Equity
Balance as of beginning of period | $ | 20,024 |  |  | $ | 830 |  |  | $ | 20,854 |  |  | $ | 20,527 |  |  | $ | 827 |  |  | $ | 21,354 |
Net income | 305 |  |  | 16 |  |  | 321 |  |  | 495 |  |  | 18 |  |  | 513 |
Dividends | (315 | ) |  | — |  |  | (315 | ) |  | (282 | ) |  | — |  |  | (282 | )
Stock-based compensation expense | 13 |  |  | — |  |  | 13 |  |  | 12 |  |  | — |  |  | 12 |
Stock purchases in connection with stock-based compensation plans | (10 | ) |  | — |  |  | (10 | ) |  | (42 | ) |  | — |  |  | (42 | )
Stock purchases under purchase program | (292 | ) |  | — |  |  | (292 | ) |  | (198 | ) |  | — |  |  | (198 | )
Distributions to noncontrolling interests | — |  |  | (34 | ) |  | (34 | ) |  | — |  |  | (7 | ) |  | (7 | )
Other | 24 |  |  | 14 |  |  | 38 |  |  | 13 |  |  | — |  |  | 13 |
Other comprehensive income | 76 |  |  | — |  |  | 76 |  |  | 131 |  |  | 1 |  |  | 132 |
Balance as of end of period | $ | 19,825 |  |  | $ | 826 |  |  | $ | 20,651 |  |  | $ | 20,656 |  |  | $ | 839 |  |  | $ | 21,495 |
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(a) | The noncontrolling interests relate to third-party ownership interests in VIEs for which we are the primary beneficiary and therefore consolidate. See Note 6 for information about our consolidated VIEs.
Schedule of changes in accumulated other comprehensive loss | Changes in accumulated other comprehensive loss by component, net of tax, were as follows (in millions):
| Three Months Ended March 31,
| 2017 |  | 2016
| Foreign Currency Translation Adjustment |  | Defined Benefit Plans Items |  | Total |  | Foreign Currency Translation Adjustment |  | Defined Benefit Plans Items |  | Total
Balance as of beginning of period | $ | (1,021 | ) |  | $ | (389 | ) |  | $ | (1,410 | ) |  | $ | (605 | ) |  | $ | (328 | ) |  | $ | (933 | )
Other comprehensive income before reclassifications | 74 |  |  | — |  |  | 74 |  |  | 121 |  |  | 8 |  |  | 129 |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 2 |  |  | 2 |  |  | — |  |  | 2 |  |  | 2 |
Net other comprehensive income | 74 |  |  | 2 |  |  | 76 |  |  | 121 |  |  | 10 |  |  | 131 |
Balance as of end of period | $ | (947 | ) |  | $ | (387 | ) |  | $ | (1,334 | ) |  | $ | (484 | ) |  | $ | (318 | ) |  | $ | (802 | )

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