XML 39 R25.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Earnings Per Common Share | 12 Months Ended
--- | ---
Dec. 31, 2023
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE | 16. EARNINGS PER COMMON SHARE Earnings per common share was computed as follows (dollars and shares in millions, except per share amounts):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Earnings per common share: |  |  |  |  |
Net income attributable to Valero stockholders | $ | 8,835 |  |  | $ | 11,528 |  |  | $ | 930 |
Less: Income allocated to participating securities | 27 |  |  | 43 |  |  | 6 |
Net income available to common stockholders | $ | 8,808 |  |  | $ | 11,485 |  |  | $ | 924 |
Weighted-average common shares outstanding | 353 |  |  | 395 |  |  | 407 |
Earnings per common share | $ | 24.93 |  |  | $ | 29.05 |  |  | $ | 2.27 |
Earnings per common share – assuming dilution: |  |  |  |  |
Net income attributable to Valero stockholders | $ | 8,835 |  |  | $ | 11,528 |  |  | $ | 930 |
Less: Income allocated to participating securities | 27 |  |  | 43 |  |  | 6 |
Net income available to common stockholders | $ | 8,808 |  |  | $ | 11,485 |  |  | $ | 924 |
Weighted-average common shares outstanding | 353 |  |  | 395 |  |  | 407 |
Effect of dilutive securities | — |  |  | 1 |  |  | — |
Weighted-average common shares outstanding – assuming dilution | 353 |  |  | 396 |  |  | 407 |
Earnings per common share – assuming dilution | $ | 24.92 |  |  | $ | 29.04 |  |  | $ | 2.27 |
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. For the years ended December 31, 2023, 2022, and 2021, we computed earnings per common share – assuming dilution using the two-class method for all dilutive securities.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration