Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Schedule of earnings per common share, basic and diluted

Earnings per common share were computed as follows (dollars and shares in millions, except per share amounts):

	Three Months Ended March 31,
	2015				2014
	Participating Securities		Common Stock		Participating Securities		Common Stock
Earnings per common share from continuing operations:
Net income attributable to Valero stockholders from continuing operations			$	964			$	829
Less dividends paid:
Common stock			205				132
Participating securities			1				1
Undistributed earnings			$	758			$	696
Weighted-average common shares outstanding	2		513		2		531
Earnings per common share from continuing operations:
Distributed earnings	$	0.40	$	0.40	$	0.25	$	0.25
Undistributed earnings	1.47		1.47		1.30		1.30
Total earnings per common share from continuing operations	$	1.87	$	1.87	$	1.55	$	1.55
Earnings per common share from continuing operations – assuming dilution:
Net income attributable to Valero stockholders from continuing operations			$	964			$	829
Weighted-average common shares outstanding			513				531
Common equivalent shares:
Stock options			2				3
Performance awards and nonvested restricted stock			1				2
Weighted-average common shares outstanding – assuming dilution			516				536
Earnings per common share from continuing operations – assuming dilution			$	1.87			$	1.54