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Earnings Per Common Share (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of earnings per common share, basic and diluted | Earnings 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,
| 2023 |  | 2022 |  | 2023 |  | 2022
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders | $ | 2,622 |  |  | $ | 2,817 |  |  | $ | 7,633 |  |  | $ | 8,415 |
Less: Income allocated to participating securities | 8 |  |  | 11 |  |  | 24 |  |  | 31 |
Net income available to common stockholders | $ | 2,614 |  |  | $ | 2,806 |  |  | $ | 7,609 |  |  | $ | 8,384 |
Weighted-average common shares outstanding | 349 |  |  | 390 |  |  | 359 |  |  | 400 |
Earnings per common share | $ | 7.49 |  |  | $ | 7.20 |  |  | $ | 21.22 |  |  | $ | 20.94 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders | $ | 2,622 |  |  | $ | 2,817 |  |  | $ | 7,633 |  |  | $ | 8,415 |
Less: Income allocated to participating securities | 8 |  |  | 11 |  |  | 24 |  |  | 31 |
Net income available to common stockholders | $ | 2,614 |  |  | $ | 2,806 |  |  | $ | 7,609 |  |  | $ | 8,384 |
Weighted-average common shares outstanding | 349 |  |  | 390 |  |  | 359 |  |  | 400 |
Effect of dilutive securities | — |  |  | — |  |  | — |  |  | 1 |
Weighted-average common shares outstanding – assuming dilution | 349 |  |  | 390 |  |  | 359 |  |  | 401 |
Earnings per common share – assuming dilution | $ | 7.49 |  |  | $ | 7.19 |  |  | $ | 21.21 |  |  | $ | 20.93 |

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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