Equity (Tables)

9 Months Ended

Sep. 30, 2011

Equity [Abstract]

Schedule of changes in equity

The following is a reconciliation of the beginning and ending balances (in millions) of equity attributable to our stockholders, equity attributable to noncontrolling interests, and total equity for the nine months ended September 30, 2011 and 2010:

	2011									2010
	Valero Stockholders’ Equity			Non- controlling Interests			Total Equity			Valero Stockholders’ Equity			Non- controlling Interests		Total Equity
Balance at beginning of period	$	15,025		$	—		$	15,025		$	14,725		$	—	$	14,725
Net income (loss)	2,045			(1		)	2,044			762			—		762
Dividends	(85		)	—			(85		)	(85		)	—		(85		)
Stock-based compensation expense	34			—			34			32			—		32
Tax deduction in excess of stock-based compensation expense	19			—			19			7			—		7
Transactions in connection with stock-based compensation plans:
Stock issuances	42			—			42			12			—		12
Stock repurchases	(270		)	—			(270		)	(2		)	—		(2		)
Contributions from noncontrolling interest	—			14			14			—			—		—
Recognition of noncontrolling interest in connection with Pembroke Acquisition	—			3			3			—			—		—
Other comprehensive income (loss)	(156		)	—			(156		)	(51		)	—		(51		)
Balance at end of period	$	16,654		$	16		$	16,670		$	15,400		$	—	$	15,400