XML 67 R56.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Price Risk Management Activities (Details) bu in Thousands, $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2024 USD ($) bu MBbls | Mar. 31, 2023 USD ($)
Price Risk Management Activities (Textual) |  |  |
Compliance program costs | $ | [1] | $ 27,682 | $ 30,005
Renewable and Low-Carbon Fuel Programs [Member] |  |  |
Price Risk Management Activities (Textual) |  |  |
Compliance program costs | $ |  | $ 204 | $ 413
Derivatives Designated as Hedges [Member] | Cash Flow Hedges [Member] | Futures, 2024 Maturity [Member] | Long [Member] | Refined Petroleum Products (in thousands of barrels) [Member] |  |  |
Volume of Outstanding Contracts |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  | 3,041 |
Derivatives Designated as Hedges [Member] | Cash Flow Hedges [Member] | Futures, 2024 Maturity [Member] | Short [Member] | Refined Petroleum Products (in thousands of barrels) [Member] |  |  |
Volume of Outstanding Contracts |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  | 7,290 |
Derivatives Designated as Economic Hedges [Member] | Futures, 2024 Maturity [Member] | Long [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member] |  |  |
Volume of Outstanding Contracts |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  | 157,473 |
Derivatives Designated as Economic Hedges [Member] | Futures, 2024 Maturity [Member] | Long [Member] | Corn (in thousands of bushels) [Member] |  |  |
Volume of Outstanding Contracts |  |  |
Nonmonetary notional amount of price risk derivatives, volume | bu |  | 43,330 |
Derivatives Designated as Economic Hedges [Member] | Futures, 2024 Maturity [Member] | Short [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member] |  |  |
Volume of Outstanding Contracts |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  | 166,013 |
Derivatives Designated as Economic Hedges [Member] | Futures, 2024 Maturity [Member] | Short [Member] | Corn (in thousands of bushels) [Member] |  |  |
Volume of Outstanding Contracts |  |  |
Nonmonetary notional amount of price risk derivatives, volume | bu |  | 60,110 |
Derivatives Designated as Economic Hedges [Member] | Options, 2024 Maturity [Member] | Long [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member] |  |  |
Volume of Outstanding Contracts |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  | 400 |
Derivatives Designated as Economic Hedges [Member] | Options, 2024 Maturity [Member] | Short [Member] | Crude Oil and Refined Petroleum Products (in thousands of barrels) [Member] |  |  |
Volume of Outstanding Contracts |  |  |
Nonmonetary notional amount of price risk derivatives, volume |  | 400 |
Derivatives Designated as Economic Hedges [Member] | Physical Contracts, 2024 Maturity [Member] | Long [Member] | Corn (in thousands of bushels) [Member] |  |  |
Volume of Outstanding Contracts |  |  |
Nonmonetary notional amount of price risk derivatives, volume | bu |  | 15,514 |
Derivatives Designated as Economic Hedges [Member] | Foreign Exchange Contract, US Dollars [Member] |  |  |
Price Risk Management Activities (Textual) |  |  |
Monetary notional amount of derivative liabilities | $ |  | $ 615 |
Derivatives Designated as Economic Hedges [Member] | Foreign Exchange Contract, US Dollars, Maturing On or Before April 19, 2024 [Member] |  |  |
Price Risk Management Activities (Textual) |  |  |
Monetary notional amount of derivative liabilities | $ |  | 405 |
Derivatives Designated as Economic Hedges [Member] | Foreign Exchange Contract, US Dollars, Maturing By April 29, 2024 [Member] |  |  |
Price Risk Management Activities (Textual) |  |  |
Monetary notional amount of derivative liabilities | $ |  | $ 210 |
[1] | Cost of materials and other for our Renewable Diesel segment is net of the blender’s tax credit on qualified fuel mixtures of $331 million and $246 million for the three months ended March 31, 2024 and 2023, respectively.

X
- Definition Cost of material used for good produced and service rendered. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_CostDirectMaterial
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Nominal or face amount used to calculate payments on the derivative liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5C -Subparagraph (SX 210.12-13C(Column E)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5C Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5 -Subparagraph (SX 210.12-13(Column D)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5A -Subparagraph (SX 210.12-13A(Column D)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 5B -Subparagraph (SX 210.12-13B(Column A)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480032/946-320-S99-5B Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1B Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_DerivativeLiabilityNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Nominal volume used to calculate payments on a derivative instrument. + References No definition available. + Details
Name: | us-gaap_DerivativeNonmonetaryNotionalAmountVolume
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:volumeItemType
Balance Type: | na
Period Type: | duration

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

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

X
- Details
Name: | srt_ProductOrServiceAxis=vlo_RenewableAndLowCarbonFuelProgramsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=vlo_FutureMaturityCurrentYearMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PositionAxis=us-gaap_LongMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_EnergyAxis=us-gaap_PublicUtilitiesInventoryPetroleumProductsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PositionAxis=us-gaap_ShortMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_NotDesignatedAsHedgingInstrumentEconomicHedgeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_EnergyAxis=vlo_CrudeOilAndRefinedPetroleumProductsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_EnergyAxis=vlo_GrainInBushelsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=vlo_OptionMaturityCurrentYearMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=vlo_ForwardContractsMaturityCurrentYearMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=vlo_ForeignExchangeContractUSDollarsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=vlo_ForeignExchangeContractUSDollarsMaturingOnOrBeforeFilingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=vlo_ForeignExchangeContractUSDollarsMaturingSubsequentToFilingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |