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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and temporary cash investments $ 2,549 $ 1,024
Receivables, net 7,451 8,706
Inventories 5,787 5,623
Income taxes receivable 40 212
Deferred income taxes 292 283
Prepaid expenses and other 148 124
Total current assets 16,267 15,972
Property, plant and equipment, at cost 33,454 32,253
Accumulated depreciation (7,581) (7,076)
Property, plant and equipment, net 25,873 25,177
Intangible assets, net 216 227
Deferred charges and other assets, net 1,436 1,407
Total assets 43,792 42,783
Current liabilities:    
Current portion of debt and capital lease obligations 585 1,009
Accounts payable 9,286 9,472
Accrued expenses 612 595
Taxes other than income taxes 1,349 1,264
Income taxes payable 234 119
Deferred income taxes 185 249
Total current liabilities 12,251 12,708
Debt and capital lease obligations, less current portion 6,463 6,732
Deferred income taxes 5,758 5,017
Other long-term liabilities 1,934 1,881
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 7,409 7,486
Treasury stock, at cost; 120,035,210 and 116,689,450 common shares (6,455) (6,475)
Retained earnings 16,119 15,309
Accumulated other comprehensive income 252 96
Total Valero Energy Corporation stockholders' equity 17,332 16,423
Noncontrolling interest 54 22
Total equity 17,386 16,445
Total liabilities and equity $ 43,792 $ 42,783