XML 26 R16.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Earnings Per Common Share | 6 Months Ended
--- | ---
Jun. 30, 2017
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE |
9. | EARNINGS PER COMMON SHARE
Earnings per common share were computed as follows (dollars and shares in millions, except per share amounts):
| Three Months Ended June 30,
| 2017 |  | 2016
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 548 |  |  |  |  | $ | 814 |
Less dividends paid: |  |  |  |  |  |  |
Common stock |  |  | 311 |  |  |  |  | 281 |
Participating securities |  |  | 1 |  |  |  |  | 1 |
Undistributed earnings |  |  | $ | 236 |  |  |  |  | $ | 532 |
Weighted-average common shares outstanding | 2 |  |  | 444 |  |  | 1 |  |  | 467 |
Earnings per common share: |  |  |  |  |  |  |
Distributed earnings | $ | 0.70 |  |  | $ | 0.70 |  |  | $ | 0.60 |  |  | $ | 0.60 |
Undistributed earnings | 0.53 |  |  | 0.53 |  |  | 1.14 |  |  | 1.14 |
Total earnings per common share | $ | 1.23 |  |  | $ | 1.23 |  |  | $ | 1.74 |  |  | $ | 1.74 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 548 |  |  |  |  | $ | 814 |
Weighted-average common shares outstanding |  |  | 444 |  |  |  |  | 467 |
Common equivalent shares |  |  | 2 |  |  |  |  | 3 |
Weighted-average common shares outstanding – assuming dilution |  |  | 446 |  |  |  |  | 470 |
Earnings per common share – assuming dilution |  |  | $ | 1.23 |  |  |  |  | $ | 1.73 |
| Six Months Ended June 30,
| 2017 |  | 2016
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 853 |  |  |  |  | $ | 1,309 |
Less dividends paid: |  |  |  |  |  |  |
Common stock |  |  | 625 |  |  |  |  | 562 |
Participating securities |  |  | 2 |  |  |  |  | 2 |
Undistributed earnings |  |  | $ | 226 |  |  |  |  | $ | 745 |
Weighted-average common shares outstanding | 2 |  |  | 446 |  |  | 1 |  |  | 468 |
Earnings per common share: |  |  |  |  |  |  |
Distributed earnings | $ | 1.40 |  |  | $ | 1.40 |  |  | $ | 1.20 |  |  | $ | 1.20 |
Undistributed earnings | 0.50 |  |  | 0.50 |  |  | 1.59 |  |  | 1.59 |
Total earnings per common share | $ | 1.90 |  |  | $ | 1.90 |  |  | $ | 2.79 |  |  | $ | 2.79 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 853 |  |  |  |  | $ | 1,309 |
Weighted-average common shares outstanding |  |  | 446 |  |  |  |  | 468 |
Common equivalent shares |  |  | 2 |  |  |  |  | 3 |
Weighted-average common shares outstanding – assuming dilution |  |  | 448 |  |  |  |  | 471 |
Earnings per common share – assuming dilution |  |  | $ | 1.90 |  |  |  |  | $ | 2.78 |
Participating securities include restricted stock and performance awards granted under our 2011 Omnibus Stock Incentive Plan.

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

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration