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Earnings (Loss) Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2022
Earnings Per Share [Abstract] |
Schedule of earnings (loss) per common share, basic and diluted | Earnings (loss) per common share was computed as follows (dollars and shares in millions, except per share amounts):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Earnings (loss) per common share: |  |  |  |  |  |  |
Net income (loss) attributable to Valero stockholders | $ | 2,817 |  |  | $ | 463 |  |  | $ | 8,415 |  |  | $ | (79) |
Less: Income allocated to participating securities | 11 |  |  | 1 |  |  | 31 |  |  | 4 |
Net income (loss) available to common stockholders | $ | 2,806 |  |  | $ | 462 |  |  | $ | 8,384 |  |  | $ | (83) |
Weighted-average common shares outstanding | 390 |  |  | 407 |  |  | 400 |  |  | 407 |
Earnings (loss) per common share | $ | 7.20 |  |  | $ | 1.13 |  |  | $ | 20.94 |  |  | $ | (0.20) |
Earnings (loss) per common share – assuming dilution: |  |  |  |  |  |  |
Net income (loss) attributable to Valero stockholders | $ | 2,817 |  |  | $ | 463 |  |  | $ | 8,415 |  |  | $ | (79) |
Less: Income allocated to participating securities | 11 |  |  | 1 |  |  | 31 |  |  | 4 |
Net income (loss) available to common stockholders | $ | 2,806 |  |  | $ | 462 |  |  | $ | 8,384 |  |  | $ | (83) |
Weighted-average common shares outstanding | 390 |  |  | 407 |  |  | 400 |  |  | 407 |
Effect of dilutive securities | — |  |  | 1 |  |  | 1 |  |  | — |
Weighted-average common shares outstanding – assuming dilution | 390 |  |  | 408 |  |  | 401 |  |  | 407 |
Earnings (loss) per common share – assuming dilution | $ | 7.19 |  |  | $ | 1.13 |  |  | $ | 20.93 |  |  | $ | (0.20) |

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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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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