Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 7,874	$ 4,688
Receivables, net	13,928	9,877
Inventories	7,625	7,591
Prepaid expenses and other	1,243	1,054
Total current assets	30,670	23,210
Property, plant, and equipment, at cost	50,094	50,091
Accumulated depreciation	(23,249)	(22,474)
Property, plant, and equipment, net	26,845	27,617
Deferred charges and other assets, net	7,148	7,161
Total assets	64,663	57,988
Current liabilities:
Current portion of debt and finance lease obligations	927	949
Accounts payable	14,423	10,139
Accrued expenses	1,338	1,403
Taxes other than income taxes payable	1,574	1,550
Income taxes payable	480	68
Total current liabilities	18,742	14,109
Debt and finance lease obligations, less current portion	10,422	9,670
Net deferred income tax liabilities	4,886	5,146
Other long-term liabilities	2,345	2,458
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	7,014	6,981
Treasury stock, at cost; 385,570,622 and 374,561,457 common shares	(33,575)	(30,753)
Retained earnings	52,228	47,959
Accumulated other comprehensive loss	(673)	(469)
Total Valero Energy Corporation stockholders’ equity	25,001	23,725
Noncontrolling interests	3,267	2,880
Total equity	28,268	26,605
Total liabilities and equity	$ 64,663	$ 57,988

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.