XML 20 R10.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Debt and Capital Lease Obligations | 3 Months Ended
--- | ---
Mar. 31, 2017
Debt Disclosure [Abstract] |
DEBT AND CAPITAL LEASE OBLIGATIONS |
3. | DEBT AND CAPITAL LEASE OBLIGATIONS
There was no significant activity related to our debt during the three months ended March 31, 2017 and 2016. Summary of Credit Facilities We had outstanding borrowings, letters of credit issued, and availability under our credit facilities as follows (in millions):
|  |  |  |  |  | March 31, 2017
|  | Facility Amount |  | Maturity Date |  | Outstanding Borrowings |  | Letters of Credit Issued |  | Availability
Committed facilities: |  |  |  |  |  |  |  |  |  |
Valero Revolver |  | $ | 3,000 |  |  | November 2020 |  | $ | — |  |  | $ | 150 |  |  | $ | 2,850 |
VLP Revolver |  | $ | 750 |  |  | November 2020 |  | $ | 30 |  |  | $ | — |  |  | $ | 720 |
Canadian Revolver |  | C$ | 25 |  |  | November 2017 |  | C$ | — |  |  | C$ | 10 |  |  | C$ | 15 |
Accounts receivable sales facility |  | $ | 1,300 |  |  | July 2017 |  | $ | 100 |  |  | n/a |  |  | $ | 1,183 |
Letter of credit facilities |  | $ | 225 |  |  | June 2017 and November 2017 |  | n/a |  |  | $ | — |  |  | $ | 225 |
Uncommitted facilities: |  |  |  |  |  |  |  |  |  |
Letter of credit facilities |  | n/a |  |  | n/a |  | n/a |  |  | $ | 235 |  |  | n/a |
As of March 31, 2017 and December 31, 2016, the weighted-average interest rate on the VLP Revolver was 2.3125 percent. As of March 31, 2017 and December 31, 2016, the weighted-average interest rate on the accounts receivable sales facility was 1.4805 percent and 1.3422 percent, respectively.
Capital Leases In January 2017, we recognized capital lease assets and related obligations of approximately $490 million for the lease of storage tanks located at three of our refineries. These lease agreements have initial terms of 10 years each with successive 10-year automatic renewal terms.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration