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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,515 $ 2,583
Receivables, net 5,392 8,904
Inventories 3,675 7,013
Prepaid expenses and other 883 469
Total current assets 11,465 18,969
Property, plant, and equipment, at cost 45,789 44,294
Accumulated depreciation (15,263) (15,030)
Property, plant, and equipment, net 30,526 29,264
Deferred charges and other assets, net 5,756 5,631
Total assets 47,747 53,864
Current liabilities:    
Current portion of debt and finance lease obligations 886 494
Accounts payable 5,906 10,205
Accrued expenses 866 949
Taxes other than income taxes payable 1,019 1,304
Income taxes payable 55 208
Total current liabilities 8,732 13,160
Debt and finance lease obligations, less current portion 10,574 9,178
Deferred income tax liabilities 4,909 5,103
Other long-term liabilities 3,847 3,887
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 6,814 6,821
Treasury stock, at cost; 265,800,838 and 264,209,742 common shares (15,764) (15,648)
Retained earnings 29,722 31,974
Accumulated other comprehensive loss (1,937) (1,351)
Total Valero Energy Corporation stockholders’ equity 18,842 21,803
Noncontrolling interests 843 733
Total equity 19,685 22,536
Total liabilities and equity $ 47,747 $ 53,864