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Earnings (Loss) Per Common Share | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER COMMON SHARE | 15. EARNINGS (LOSS) PER COMMON SHARE Earnings (loss) per common share was computed as follows (dollars and shares in millions, except per share amounts):
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Earnings (loss) per common share: |  |  |  |  |
Net income (loss) attributable to Valero stockholders | $ | 11,528 |  |  | $ | 930 |  |  | $ | (1,421) |
Less: Income allocated to participating securities | 43 |  |  | 6 |  |  | 5 |
Net income (loss) available to common stockholders | $ | 11,485 |  |  | $ | 924 |  |  | $ | (1,426) |
Weighted-average common shares outstanding | 395 |  |  | 407 |  |  | 407 |
Earnings (loss) per common share | $ | 29.05 |  |  | $ | 2.27 |  |  | $ | (3.50) |
Earnings (loss) per common share – assuming dilution: |  |  |  |  |
Net income (loss) attributable to Valero stockholders | $ | 11,528 |  |  | $ | 930 |  |  | $ | (1,421) |
Less: Income allocated to participating securities | 43 |  |  | 6 |  |  | 5 |
Net income (loss) available to common stockholders | $ | 11,485 |  |  | $ | 924 |  |  | $ | (1,426) |
Weighted-average common shares outstanding | 395 |  |  | 407 |  |  | 407 |
Effect of dilutive securities | 1 |  |  | — |  |  | — |
Weighted-average common shares outstanding – assuming dilution | 396 |  |  | 407 |  |  | 407 |
Earnings (loss) per common share – assuming dilution | $ | 29.04 |  |  | $ | 2.27 |  |  | $ | (3.50) |
Participating securities include restricted stock and performance awards granted under our 2020 OSIP or our 2011 OSIP. Dilutive securities include participating securities as well as outstanding stock options.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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