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Earnings Per Common Share | 6 Months Ended
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Jun. 30, 2018
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE |
10. | 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,
| 2018 |  | 2017
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 845 |  |  |  |  | $ | 548 |
Less dividends paid: |  |  |  |  |  |  |
Common stock |  |  | 344 |  |  |  |  | 311 |
Participating securities |  |  | 1 |  |  |  |  | 1 |
Undistributed earnings |  |  | $ | 500 |  |  |  |  | $ | 236 |
Weighted-average common shares outstanding | 1 |  |  | 429 |  |  | 2 |  |  | 444 |
Earnings per common share: |  |  |  |  |  |  |
Distributed earnings | $ | 0.80 |  |  | $ | 0.80 |  |  | $ | 0.70 |  |  | $ | 0.70 |
Undistributed earnings | 1.16 |  |  | 1.16 |  |  | 0.53 |  |  | 0.53 |
Total earnings per common share | $ | 1.96 |  |  | $ | 1.96 |  |  | $ | 1.23 |  |  | $ | 1.23 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 845 |  |  |  |  | $ | 548 |
Weighted-average common shares outstanding |  |  | 429 |  |  |  |  | 444 |
Common equivalent shares |  |  | 2 |  |  |  |  | 2 |
Weighted-average common shares outstanding – assuming dilution |  |  | 431 |  |  |  |  | 446 |
Earnings per common share – assuming dilution |  |  | $ | 1.96 |  |  |  |  | $ | 1.23 |
| Six Months Ended June 30,
| 2018 |  | 2017
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 1,314 |  |  |  |  | $ | 853 |
Less dividends paid: |  |  |  |  |  |  |
Common stock |  |  | 688 |  |  |  |  | 625 |
Participating securities |  |  | 2 |  |  |  |  | 2 |
Undistributed earnings |  |  | $ | 624 |  |  |  |  | $ | 226 |
Weighted-average common shares outstanding | 1 |  |  | 430 |  |  | 2 |  |  | 446 |
Earnings per common share: |  |  |  |  |  |  |
Distributed earnings | $ | 1.60 |  |  | $ | 1.60 |  |  | $ | 1.40 |  |  | $ | 1.40 |
Undistributed earnings | 1.45 |  |  | 1.45 |  |  | 0.50 |  |  | 0.50 |
Total earnings per common share | $ | 3.05 |  |  | $ | 3.05 |  |  | $ | 1.90 |  |  | $ | 1.90 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 1,314 |  |  |  |  | $ | 853 |
Weighted-average common shares outstanding |  |  | 430 |  |  |  |  | 446 |
Common equivalent shares |  |  | 2 |  |  |  |  | 2 |
Weighted-average common shares outstanding – assuming dilution |  |  | 432 |  |  |  |  | 448 |
Earnings per common share – assuming dilution |  |  | $ | 3.04 |  |  |  |  | $ | 1.90 |
Participating securities include restricted stock and performance awards granted under our 2011 Omnibus Stock Incentive Plan.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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