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Earnings Per Common Share (Tables) | 3 Months Ended
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Mar. 31, 2024
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 March 31,
|  |  |  |  | 2024 |  | 2023
Earnings per common share: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  |  |  | $ | 1,245 |  |  | $ | 3,067 |
Less: Income allocated to participating securities |  |  |  |  | 3 |  |  | 10 |
Net income available to common stockholders |  |  |  |  | $ | 1,242 |  |  | $ | 3,057 |
Weighted-average common shares outstanding |  |  |  |  | 331 |  |  | 369 |
Earnings per common share |  |  |  |  | $ | 3.75 |  |  | $ | 8.30 |
Earnings per common share – assuming dilution: |  |  |  |  |  |  |
Net income attributable to Valero stockholders |  |  |  |  | $ | 1,245 |  |  | $ | 3,067 |
Less: Income allocated to participating securities |  |  |  |  | 3 |  |  | 10 |
Net income available to common stockholders |  |  |  |  | $ | 1,242 |  |  | $ | 3,057 |
Weighted-average common shares outstanding |  |  |  |  | 331 |  |  | 369 |
Effect of dilutive securities |  |  |  |  | — |  |  | — |
Weighted-average common shares outstanding – assuming dilution |  |  |  |  | 331 |  |  | 369 |
Earnings per common share – assuming dilution |  |  |  |  | $ | 3.75 |  |  | $ | 8.29 |

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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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