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Earnings Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2017
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,
| 2017 |  | 2016
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 841 |  |  |  |  | $ | 613 |
Less dividends paid: |  |  |  |  |  |  |
Common stock |  |  | 308 |  |  |  |  | 275 |
Participating securities |  |  | 1 |  |  |  |  | 1 |
Undistributed earnings |  |  | $ | 532 |  |  |  |  | $ | 337 |
Weighted-average common shares outstanding | 2 |  |  | 439 |  |  | 1 |  |  | 458 |
Earnings per common share: |  |  |  |  |  |  |
Distributed earnings | $ | 0.70 |  |  | $ | 0.70 |  |  | $ | 0.60 |  |  | $ | 0.60 |
Undistributed earnings | 1.21 |  |  | 1.21 |  |  | 0.73 |  |  | 0.73 |
Total earnings per common share | $ | 1.91 |  |  | $ | 1.91 |  |  | $ | 1.33 |  |  | $ | 1.33 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 841 |  |  |  |  | $ | 613 |
Weighted-average common shares outstanding |  |  | 439 |  |  |  |  | 458 |
Common equivalent shares |  |  | 2 |  |  |  |  | 2 |
Weighted-average common shares outstanding – assuming dilution |  |  | 441 |  |  |  |  | 460 |
Earnings per common share – assuming dilution |  |  | $ | 1.91 |  |  |  |  | $ | 1.33 |
| Nine Months Ended September 30,
| 2017 |  | 2016
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 1,694 |  |  |  |  | $ | 1,922 |
Less dividends paid: |  |  |  |  |  |  |
Common stock |  |  | 933 |  |  |  |  | 837 |
Participating securities |  |  | 3 |  |  |  |  | 3 |
Undistributed earnings |  |  | $ | 758 |  |  |  |  | $ | 1,082 |
Weighted-average common shares outstanding | 2 |  |  | 444 |  |  | 1 |  |  | 465 |
Earnings per common share: |  |  |  |  |  |  |
Distributed earnings | $ | 2.10 |  |  | $ | 2.10 |  |  | $ | 1.80 |  |  | $ | 1.80 |
Undistributed earnings | 1.70 |  |  | 1.70 |  |  | 2.32 |  |  | 2.32 |
Total earnings per common share | $ | 3.80 |  |  | $ | 3.80 |  |  | $ | 4.12 |  |  | $ | 4.12 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 1,694 |  |  |  |  | $ | 1,922 |
Weighted-average common shares outstanding |  |  | 444 |  |  |  |  | 465 |
Common equivalent shares |  |  | 2 |  |  |  |  | 2 |
Weighted-average common shares outstanding – assuming dilution |  |  | 446 |  |  |  |  | 467 |
Earnings per common share – assuming dilution |  |  | $ | 3.80 |  |  |  |  | $ | 4.12 |

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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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