XML 119 R82.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income Taxes (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income from Continuing Operations Before Income Tax Expense from Domestic and Foreign Operations      
U.S. operations $ 4,677,000,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic $ 3,531,000,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic $ 4,015,000,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
International operations 875,000,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign 445,000,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign 725,000,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
Income from continuing operations before income tax expense 5,552,000,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 3,976,000,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 4,740,000,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Reconciliation of Income Tax Expense Related to Income from Continuing Operations Before Income Tax Expense      
Federal income tax expense at the U.S. federal statutory rate 1,943,000,000us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate 1,392,000,000us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate 1,659,000,000us-gaap_IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
U.S. state income tax expense, net of U.S. federal income tax effect 62,000,000us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes 62,000,000us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes 64,000,000us-gaap_IncomeTaxReconciliationStateAndLocalIncomeTaxes
U.S. manufacturing deduction (74,000,000)us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities (36,000,000)us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities (33,000,000)us-gaap_IncomeTaxReconciliationDeductionsQualifiedProductionActivities
International operations (88,000,000)us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential (69,000,000)us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential (96,000,000)us-gaap_IncomeTaxReconciliationForeignIncomeTaxRateDifferential
Permanent differences (16,000,000)us-gaap_IncomeTaxReconciliationNondeductibleExpenseOther (104,000,000)us-gaap_IncomeTaxReconciliationNondeductibleExpenseOther 20,000,000us-gaap_IncomeTaxReconciliationNondeductibleExpenseOther
Change in tax law 0us-gaap_IncomeTaxReconciliationDeductionsMedicarePrescriptionDrugBenefitSubsidy (32,000,000)us-gaap_IncomeTaxReconciliationDeductionsMedicarePrescriptionDrugBenefitSubsidy 0us-gaap_IncomeTaxReconciliationDeductionsMedicarePrescriptionDrugBenefitSubsidy
Other, net (50,000,000)us-gaap_IncomeTaxReconciliationOtherAdjustments 41,000,000us-gaap_IncomeTaxReconciliationOtherAdjustments 12,000,000us-gaap_IncomeTaxReconciliationOtherAdjustments
Income tax expense 1,777,000,000us-gaap_IncomeTaxExpenseBenefit 1,254,000,000us-gaap_IncomeTaxExpenseBenefit 1,626,000,000us-gaap_IncomeTaxExpenseBenefit
Current:      
U.S. federal 1,196,000,000us-gaap_CurrentFederalTaxExpenseBenefit 635,000,000us-gaap_CurrentFederalTaxExpenseBenefit 515,000,000us-gaap_CurrentFederalTaxExpenseBenefit
U.S. state 59,000,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit 36,000,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit 22,000,000us-gaap_CurrentStateAndLocalTaxExpenseBenefit
International 77,000,000us-gaap_CurrentForeignTaxExpenseBenefit 82,000,000us-gaap_CurrentForeignTaxExpenseBenefit 126,000,000us-gaap_CurrentForeignTaxExpenseBenefit
Total current 1,332,000,000us-gaap_CurrentIncomeTaxExpenseBenefit 753,000,000us-gaap_CurrentIncomeTaxExpenseBenefit 663,000,000us-gaap_CurrentIncomeTaxExpenseBenefit
Deferred:      
U.S. federal 268,000,000us-gaap_DeferredFederalIncomeTaxExpenseBenefit 459,000,000us-gaap_DeferredFederalIncomeTaxExpenseBenefit 854,000,000us-gaap_DeferredFederalIncomeTaxExpenseBenefit
U.S. state 36,000,000us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit 59,000,000us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit 77,000,000us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit
International 141,000,000us-gaap_DeferredForeignIncomeTaxExpenseBenefit (17,000,000)us-gaap_DeferredForeignIncomeTaxExpenseBenefit 32,000,000us-gaap_DeferredForeignIncomeTaxExpenseBenefit
Total deferred 445,000,000us-gaap_DeferredIncomeTaxExpenseBenefit 501,000,000us-gaap_DeferredIncomeTaxExpenseBenefit 963,000,000us-gaap_DeferredIncomeTaxExpenseBenefit
Income tax expense 1,777,000,000us-gaap_IncomeTaxExpenseBenefit 1,254,000,000us-gaap_IncomeTaxExpenseBenefit 1,626,000,000us-gaap_IncomeTaxExpenseBenefit
Deferred income tax assets:      
Tax credit carryforwards 37,000,000us-gaap_DeferredTaxAssetsTaxCreditCarryforwards 48,000,000us-gaap_DeferredTaxAssetsTaxCreditCarryforwards  
Net operating losses (NOLs) 436,000,000us-gaap_DeferredTaxAssetsOperatingLossCarryforwards 338,000,000us-gaap_DeferredTaxAssetsOperatingLossCarryforwards  
Inventories 160,000,000us-gaap_DeferredTaxAssetsInventory 264,000,000us-gaap_DeferredTaxAssetsInventory  
Property, plant, and equipment 0us-gaap_DeferredTaxAssetsPropertyPlantAndEquipment 8,000,000us-gaap_DeferredTaxAssetsPropertyPlantAndEquipment  
Compensation and employee benefit liabilities 358,000,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits 178,000,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits  
Environmental liabilities 92,000,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves 92,000,000us-gaap_DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves  
Other 178,000,000us-gaap_DeferredTaxAssetsOther 187,000,000us-gaap_DeferredTaxAssetsOther  
Total deferred income tax assets 1,261,000,000us-gaap_DeferredTaxAssetsGross 1,115,000,000us-gaap_DeferredTaxAssetsGross  
Less: Valuation allowance (393,000,000)us-gaap_DeferredTaxAssetsValuationAllowance (347,000,000)us-gaap_DeferredTaxAssetsValuationAllowance  
Net deferred income tax assets 868,000,000us-gaap_DeferredTaxAssetsNet 768,000,000us-gaap_DeferredTaxAssetsNet  
Deferred income tax liabilities:      
Property, plant, and equipment 6,682,000,000us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment 6,536,000,000us-gaap_DeferredTaxLiabilitiesPropertyPlantAndEquipment  
Deferred turnaround costs 356,000,000us-gaap_DeferredTaxLiabilitiesDeferredExpenseOtherCapitalizedCosts 331,000,000us-gaap_DeferredTaxLiabilitiesDeferredExpenseOtherCapitalizedCosts  
Inventories 426,000,000us-gaap_DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts 310,000,000us-gaap_DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts  
Investments 152,000,000us-gaap_DeferredTaxLiabilitiesInvestments 94,000,000us-gaap_DeferredTaxLiabilitiesInvestments  
Other 73,000,000us-gaap_DeferredTaxLiabilitiesOther 81,000,000us-gaap_DeferredTaxLiabilitiesOther  
Total deferred income tax liabilities 7,689,000,000us-gaap_DeferredIncomeTaxLiabilities 7,352,000,000us-gaap_DeferredIncomeTaxLiabilities  
Net deferred income tax liabilities 6,821,000,000us-gaap_DeferredTaxLiabilities 6,584,000,000us-gaap_DeferredTaxLiabilities  
Valuation Allowance Allocation      
Deferred tax assets valuation allowance 393,000,000us-gaap_DeferredTaxAssetsValuationAllowance 347,000,000us-gaap_DeferredTaxAssetsValuationAllowance  
Reconciliation of the Change in Unrecognized Tax Benefits RollForward      
Balance as of beginning of year 950,000,000us-gaap_UnrecognizedTaxBenefits 341,000,000us-gaap_UnrecognizedTaxBenefits 326,000,000us-gaap_UnrecognizedTaxBenefits
Additions based on tax positions related to the current year 35,000,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions 64,000,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions 11,000,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
Additions for tax positions related to prior years 118,000,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions 576,000,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions 40,000,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
Reductions for tax positions related to prior years (67,000,000)us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions (26,000,000)us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions (36,000,000)us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
Reductions for tax positions related to the lapse of applicable statute of limitations (1,000,000)us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations (4,000,000)us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations 0us-gaap_UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
Settlements (46,000,000)us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities (1,000,000)us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities 0us-gaap_UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
Balance as of end of year 989,000,000us-gaap_UnrecognizedTaxBenefits 950,000,000us-gaap_UnrecognizedTaxBenefits 341,000,000us-gaap_UnrecognizedTaxBenefits
Reconciliation of Unrecognized Tax Benefits to Uncertain Tax Position Liabilities      
Unrecognized tax benefits 989,000,000us-gaap_UnrecognizedTaxBenefits 950,000,000us-gaap_UnrecognizedTaxBenefits 341,000,000us-gaap_UnrecognizedTaxBenefits
Tax refund claim not recognized in our financial statements (118,000,000)us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions (576,000,000)us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions (40,000,000)us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
Penalties, interest (net of U.S. federal and state income tax effect), and the U.S. federal income tax effect of state unrecognized tax benefits 49,000,000vlo_PenaltiesInterestandtheU.S.FederalIncomeTaxEffectofStateUnrecognizedTaxBenefits 49,000,000vlo_PenaltiesInterestandtheU.S.FederalIncomeTaxEffectofStateUnrecognizedTaxBenefits  
Uncertain tax position liabilities 484,000,000vlo_LiabilityforUncertainTaxPositionsCurrentandNoncurrent 443,000,000vlo_LiabilityforUncertainTaxPositionsCurrentandNoncurrent  
Income Taxes (Textual)      
Statutory federal income tax rate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
Gain on disposition of retained interest in CST Brands, Inc. 0us-gaap_GainOrLossOnSaleOfPreviouslyUnissuedStockByEquityInvestee 325,000,000us-gaap_GainOrLossOnSaleOfPreviouslyUnissuedStockByEquityInvestee 0us-gaap_GainOrLossOnSaleOfPreviouslyUnissuedStockByEquityInvestee
Income tax benefit related to discontinued operations 0us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation 0us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation 0us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation
Increase in valuation allowance 46,000,000us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount    
Cumulative undistributed earnings of foreign subsidiaries 2,900,000,000us-gaap_UndistributedEarningsOfForeignSubsidiaries    
Additions for tax positions related to prior years 118,000,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions 576,000,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions 40,000,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
Income tax benefits if recognized that would impact the effective tax rate 768,000,000us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate 763,000,000us-gaap_UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate  
Possible reduction to unrecognized tax benefit 133,000,000us-gaap_SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleEstimatedRangeOfChangeUpperBound    
Interest expense and penalties recognized   12,000,000us-gaap_IncomeTaxExaminationPenaltiesAndInterestExpense 23,000,000us-gaap_IncomeTaxExaminationPenaltiesAndInterestExpense
Interest expense and penalties accrued 141,000,000us-gaap_IncomeTaxExaminationPenaltiesAndInterestAccrued 145,000,000us-gaap_IncomeTaxExaminationPenaltiesAndInterestAccrued  
Tax Years 2005 to 2012 [Member]      
Reconciliation of the Change in Unrecognized Tax Benefits RollForward      
Additions for tax positions related to prior years 554,000,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
/ us-gaap_TaxPeriodAxis
= vlo_TaxYears2005to2012Member
556,000,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
/ us-gaap_TaxPeriodAxis
= vlo_TaxYears2005to2012Member
 
Reconciliation of Unrecognized Tax Benefits to Uncertain Tax Position Liabilities      
Tax refund claim not recognized in our financial statements (554,000,000)us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
/ us-gaap_TaxPeriodAxis
= vlo_TaxYears2005to2012Member
(556,000,000)us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
/ us-gaap_TaxPeriodAxis
= vlo_TaxYears2005to2012Member
 
Income Taxes (Textual)      
Additions for tax positions related to prior years 554,000,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
/ us-gaap_TaxPeriodAxis
= vlo_TaxYears2005to2012Member
556,000,000us-gaap_UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
/ us-gaap_TaxPeriodAxis
= vlo_TaxYears2005to2012Member
 
Consolidated Statement Of Income [Member]      
Deferred income tax assets:      
Less: Valuation allowance (386,000,000)us-gaap_DeferredTaxAssetsValuationAllowance
/ us-gaap_ValuationAllowanceByDeferredTaxAssetAxis
= vlo_ConsolidatedStatementOfIncomeMember
   
Valuation Allowance Allocation      
Deferred tax assets valuation allowance 386,000,000us-gaap_DeferredTaxAssetsValuationAllowance
/ us-gaap_ValuationAllowanceByDeferredTaxAssetAxis
= vlo_ConsolidatedStatementOfIncomeMember
   
Additional Paid-in Capital [Member]      
Deferred income tax assets:      
Less: Valuation allowance (7,000,000)us-gaap_DeferredTaxAssetsValuationAllowance
/ us-gaap_ValuationAllowanceByDeferredTaxAssetAxis
= us-gaap_AdditionalPaidInCapitalMember
   
Valuation Allowance Allocation      
Deferred tax assets valuation allowance 7,000,000us-gaap_DeferredTaxAssetsValuationAllowance
/ us-gaap_ValuationAllowanceByDeferredTaxAssetAxis
= us-gaap_AdditionalPaidInCapitalMember
   
State and Local Jurisdiction [Member]      
Income Tax Credit and Loss Carryforwards      
NOL 6,574,000,000us-gaap_OperatingLossCarryforwards
/ us-gaap_IncomeTaxAuthorityAxis
= us-gaap_StateAndLocalJurisdictionMember
   
State and Local Jurisdiction [Member] | Minimum [Member]      
Income Tax Credit and Loss Carryforwards      
NOL, expiration Dec. 31, 2015    
State and Local Jurisdiction [Member] | Maximum [Member]      
Income Tax Credit and Loss Carryforwards      
NOL, expiration Dec. 31, 2034    
State and Local Jurisdiction [Member] | U S State Income Tax Credits Limited [Member]      
Income Tax Credit and Loss Carryforwards      
U.S. state income tax credits 53,000,000us-gaap_TaxCreditCarryforwardAmount
/ us-gaap_IncomeTaxAuthorityAxis
= us-gaap_StateAndLocalJurisdictionMember
/ us-gaap_TaxCreditCarryforwardAxis
= vlo_USStateIncomeTaxCreditsLimitedMember
   
State and Local Jurisdiction [Member] | U S State Income Tax Credits Limited [Member] | Minimum [Member]      
Income Tax Credit and Loss Carryforwards      
Income tax credits, expiration Dec. 31, 2015    
State and Local Jurisdiction [Member] | U S State Income Tax Credits Limited [Member] | Maximum [Member]      
Income Tax Credit and Loss Carryforwards      
Income tax credits, expiration Dec. 31, 2027    
Foreign Tax Authority [Member]      
Income Tax Credit and Loss Carryforwards      
NOL $ 1,630,000,000us-gaap_OperatingLossCarryforwards
/ us-gaap_IncomeTaxAuthorityAxis
= us-gaap_ForeignCountryMember