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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and temporary cash investments $ 4,191 $ 4,292
Receivables, net 8,175 8,751
Inventories 6,860 5,758
Income taxes receivable 79 72
Deferred income taxes 229 266
Prepaid expenses and other 132 138
Total current assets 19,666 19,277
Property, plant, and equipment, at cost 35,432 33,933
Accumulated depreciation (8,983) (8,226)
Property, plant, and equipment, net 26,449 25,707
Deferred charges and other assets, net 2,340 2,276
Total assets 48,455 47,260
Current liabilities:    
Current portion of debt and capital lease obligations 600 303
Accounts payable 9,939 9,931
Accrued expenses 630 522
Taxes other than income taxes 1,282 1,345
Income taxes payable 641 773
Deferred income taxes 368 249
Total current liabilities 13,460 13,123
Debt and capital lease obligations, less current portion 5,783 6,261
Deferred income taxes 6,601 6,601
Other long-term liabilities 1,549 1,329
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 7,137 7,187
Treasury stock, at cost; 150,357,996 and 137,932,138 common shares (7,773) (7,054)
Retained earnings 21,034 18,970
Accumulated other comprehensive income 149 350
Total Valero Energy Corporation stockholders’ equity 20,554 19,460
Noncontrolling interests 508 486
Total equity 21,062 19,946
Total liabilities and equity $ 48,455 $ 47,260