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Equity (Tables) | 6 Months Ended
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Jun. 30, 2018
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):
| Six Months Ended June 30,
| 2018 |  | 2017
| Valero Stockholders’ Equity |  | Non- controlling Interests (a) |  | Total Equity |  | Valero Stockholders’ Equity |  | Non- controlling Interests (a) |  | Total Equity
Balance as of beginning of period | $ | 21,991 |  |  | $ | 909 |  |  | $ | 22,900 |  |  | $ | 20,024 |  |  | $ | 830 |  |  | $ | 20,854 |
Net income | 1,314 |  |  | 143 |  |  | 1,457 |  |  | 853 |  |  | 40 |  |  | 893 |
Dividends | (690 | ) |  | — |  |  | (690 | ) |  | (627 | ) |  | — |  |  | (627 | )
Stock-based compensation expense | 29 |  |  | — |  |  | 29 |  |  | 25 |  |  | — |  |  | 25 |
Transactions in connection with stock-based compensation plans | (134 | ) |  | — |  |  | (134 | ) |  | (13 | ) |  | — |  |  | (13 | )
Stock purchases under purchase programs | (508 | ) |  | — |  |  | (508 | ) |  | (649 | ) |  | — |  |  | (649 | )
Contribution from noncontrolling interest | — |  |  | 32 |  |  | 32 |  |  | — |  |  | — |  |  | — |
Distributions to noncontrolling interests | — |  |  | (50 | ) |  | (50 | ) |  | — |  |  | (45 | ) |  | (45 | )
Other | (2 | ) |  | 3 |  |  | 1 |  |  | 23 |  |  | 17 |  |  | 40 |
Other comprehensive income (loss) | (231 | ) |  | (2 | ) |  | (233 | ) |  | 287 |  |  | — |  |  | 287 |
Balance as of end of period | $ | 21,769 |  |  | $ | 1,035 |  |  | $ | 22,804 |  |  | $ | 19,923 |  |  | $ | 842 |  |  | $ | 20,765 |
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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 7 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):
| Six Months Ended June 30,
| 2018 |  | 2017
| Foreign Currency Translation Adjustment |  | Defined Benefit Plans Items |  | Total |  | Foreign Currency Translation Adjustment |  | Defined Benefit Plans Items |  | Total
Balance as of beginning of period | $ | (507 | ) |  | $ | (433 | ) |  | $ | (940 | ) |  | $ | (1,021 | ) |  | $ | (389 | ) |  | $ | (1,410 | )
Other comprehensive income (loss) before reclassifications | (244 | ) |  | — |  |  | (244 | ) |  | 282 |  |  | — |  |  | 282 |
Amounts reclassified from accumulated other comprehensive loss | — |  |  | 13 |  |  | 13 |  |  | — |  |  | 5 |  |  | 5 |
Other comprehensive income (loss) | (244 | ) |  | 13 |  |  | (231 | ) |  | 282 |  |  | 5 |  |  | 287 |
Reclassification of stranded income tax effects of Tax Reform to retained earnings per ASU 2018-02 (see Note 1) | — |  |  | (91 | ) |  | (91 | ) |  | — |  |  | — |  |  | — |
Balance as of end of period | $ | (751 | ) |  | $ | (511 | ) |  | $ | (1,262 | ) |  | $ | (739 | ) |  | $ | (384 | ) |  | $ | (1,123 | )

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
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