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Earnings Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2018
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,
| 2018 |  | 2017
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 856 |  |  |  |  | $ | 841 |
Less dividends paid: |  |  |  |  |  |  |
Common stock |  |  | 340 |  |  |  |  | 308 |
Participating securities |  |  | 1 |  |  |  |  | 1 |
Undistributed earnings |  |  | $ | 515 |  |  |  |  | $ | 532 |
Weighted-average common shares outstanding | 1 |  |  | 425 |  |  | 2 |  |  | 439 |
Earnings per common share: |  |  |  |  |  |  |
Distributed earnings | $ | 0.80 |  |  | $ | 0.80 |  |  | $ | 0.70 |  |  | $ | 0.70 |
Undistributed earnings | 1.21 |  |  | 1.21 |  |  | 1.21 |  |  | 1.21 |
Total earnings per common share | $ | 2.01 |  |  | $ | 2.01 |  |  | $ | 1.91 |  |  | $ | 1.91 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 856 |  |  |  |  | $ | 841 |
Weighted-average common shares outstanding |  |  | 425 |  |  |  |  | 439 |
Common equivalent shares |  |  | 2 |  |  |  |  | 2 |
Weighted-average common shares outstanding – assuming dilution |  |  | 427 |  |  |  |  | 441 |
Earnings per common share – assuming dilution |  |  | $ | 2.01 |  |  |  |  | $ | 1.91 |
| Nine Months Ended September 30,
| 2018 |  | 2017
| Participating Securities |  | Common Stock |  | Participating Securities |  | Common Stock
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 2,170 |  |  |  |  | $ | 1,694 |
Less dividends paid: |  |  |  |  |  |  |
Common stock |  |  | 1,028 |  |  |  |  | 933 |
Participating securities |  |  | 3 |  |  |  |  | 3 |
Undistributed earnings |  |  | $ | 1,139 |  |  |  |  | $ | 758 |
Weighted-average common shares outstanding | 1 |  |  | 428 |  |  | 2 |  |  | 444 |
Earnings per common share: |  |  |  |  |  |  |
Distributed earnings | $ | 2.40 |  |  | $ | 2.40 |  |  | $ | 2.10 |  |  | $ | 2.10 |
Undistributed earnings | 2.65 |  |  | 2.65 |  |  | 1.70 |  |  | 1.70 |
Total earnings per common share | $ | 5.05 |  |  | $ | 5.05 |  |  | $ | 3.80 |  |  | $ | 3.80 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  | $ | 2,170 |  |  |  |  | $ | 1,694 |
Weighted-average common shares outstanding |  |  | 428 |  |  |  |  | 444 |
Common equivalent shares |  |  | 2 |  |  |  |  | 2 |
Weighted-average common shares outstanding – assuming dilution |  |  | 430 |  |  |  |  | 446 |
Earnings per common share – assuming dilution |  |  | $ | 5.05 |  |  |  |  | $ | 3.80 |

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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://fasb.org/us-gaap/role/ref/legacyRef -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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