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Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and temporary cash investments $ 3,480 $ 4,292
Receivables, net 7,952 8,751
Inventories 6,526 5,758
Income taxes receivable 93 72
Deferred income taxes 275 266
Prepaid expenses and other 124 138
Total current assets 18,450 19,277
Property, plant, and equipment, at cost 34,870 33,933
Accumulated depreciation (8,748) (8,226)
Property, plant, and equipment, net 26,122 25,707
Deferred charges and other assets, net 2,441 2,276
Total assets 47,013 47,260
Current liabilities:    
Current portion of debt and capital lease obligations 601 303
Accounts payable 9,355 9,931
Accrued expenses 584 522
Taxes other than income taxes 1,286 1,345
Income taxes payable 421 773
Deferred income taxes 276 249
Total current liabilities 12,523 13,123
Debt and capital lease obligations, less current portion 5,784 6,261
Deferred income taxes 6,659 6,601
Other long-term liabilities 1,327 1,329
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 7,132 7,187
Treasury stock, at cost; 143,579,323 and 137,932,138 common shares (7,474) (7,054)
Retained earnings 20,120 18,970
Accumulated other comprehensive income 426 350
Total Valero Energy Corporation stockholders’ equity 20,211 19,460
Noncontrolling interests 509 486
Total equity 20,720 19,946
Total liabilities and equity $ 47,013 $ 47,260