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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 4,917 $ 5,424
Receivables, net 12,150 12,525
Inventories 7,912 7,583
Prepaid expenses and other 695 689
Total current assets 25,674 26,221
Property, plant, and equipment, at cost 51,943 51,668
Accumulated depreciation (21,871) (21,459)
Property, plant, and equipment, net 30,072 30,209
Deferred charges and other assets, net 6,828 6,626
Total assets 62,574 63,056
Current liabilities:    
Current portion of debt and finance lease obligations 853 1,406
Accounts payable 12,458 12,567
Accrued expenses 1,097 1,240
Taxes other than income taxes payable 1,353 1,452
Income taxes payable 388 137
Total current liabilities 16,149 16,802
Debt and finance lease obligations, less current portion 10,044 10,118
Deferred income tax liabilities 5,260 5,349
Other long-term liabilities 2,297 2,263
Commitments and contingencies
Valero Energy Corporation stockholders’ equity:    
Common stock, $0.01 par value; 1,200,000,000 shares authorized; 673,501,593 and 673,501,593 shares issued 7 7
Additional paid-in capital 6,916 6,901
Treasury stock, at cost; 346,505,037 and 340,199,677 common shares (26,330) (25,322)
Retained earnings 46,519 45,630
Accumulated other comprehensive loss (1,055) (870)
Total Valero Energy Corporation stockholders’ equity 26,057 26,346
Noncontrolling interests 2,767 2,178
Total equity 28,824 28,524
Total liabilities and equity $ 62,574 $ 63,056