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Earnings Per Common Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
8.    EARNINGS PER COMMON SHARE

Earnings per common share was computed as follows (dollars and shares in millions, except per share amounts):
Three Months Ended
March 31,
20242023
Earnings per common share:
Net income attributable to Valero stockholders
$1,245 $3,067 
Less: Income allocated to participating securities3 10 
Net income available to common stockholders$1,242 $3,057 
Weighted-average common shares outstanding331 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 securities3 10 
Net income available to common stockholders$1,242 $3,057 
Weighted-average common shares outstanding331 369 
Effect of dilutive securities— — 
Weighted-average common shares outstanding –
assuming dilution
331 369 
Earnings per common share – assuming dilution$3.75 $8.29 

Participating securities include restricted stock and performance awards granted under our 2020 Omnibus Stock Incentive Plan (OSIP) or our 2011 OSIP. Dilutive securities include participating securities as well as outstanding stock options. For the three months ended March 31, 2024 and 2023, we computed earnings per common share – assuming dilution using the two-class method for all dilutive securities.