Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2019

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,
	2019		2018
Earnings per common share:
Net income attributable to Valero stockholders	$	141	$	469
Less income allocated to participating securities	1		1
Net income available to common stockholders	$	140	$	468
Weighted-average common shares outstanding	416		431
Earnings per common share	$	0.34	$	1.09
Earnings per common share – assuming dilution:
Net income attributable to Valero stockholders	$	141	$	469
Weighted-average common shares outstanding	416		431
Effect of dilutive securities	2		1
Weighted-average common shares outstanding – assuming dilution	418		432
Earnings per common share – assuming dilution	$	0.34	$	1.09