Consolidated Statements of Income (Unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Operating revenues (a)	[1]	$ 19,649	$ 22,579	$ 54,947	$ 69,027
Costs and expenses:
Cost of sales (excluding the lower of cost or market inventory valuation adjustment)		17,033	18,677	47,660	58,234
Lower of cost or market inventory valuation adjustment		0	0	(747)	0
Operating expenses		1,062	1,102	3,093	3,229
General and administrative expenses		192	179	507	504
Depreciation and amortization expense		470	482	1,426	1,348
Asset impairment loss		0	0	56	0
Total costs and expenses		18,757	20,440	51,995	63,315
Operating income		892	2,139	2,952	5,712
Other income, net		12	3	35	35
Interest and debt expense, net of capitalized interest		(115)	(112)	(334)	(326)
Income before income tax expense		789	2,030	2,653	5,421
Income tax expense		144	657	652	1,715
Net income		645	1,373	2,001	3,706
Less: Net income (loss) attributable to noncontrolling interests		32	(4)	79	14
Net income attributable to Valero Energy Corporation stockholders		$ 613	$ 1,377	$ 1,922	$ 3,692
Earnings per common share		$ 1.33	$ 2.79	$ 4.12	$ 7.31
Weighted-average common shares outstanding (in millions)		458	491	465	503
Earnings per common share – assuming dilution		$ 1.33	$ 2.79	$ 4.12	$ 7.30
Weighted-average common shares outstanding – assuming dilution (in millions)		460	494	467	506
Dividends per common share		$ 0.60	$ 0.40	$ 1.80	$ 1.20

[1] Includes excise taxes on sales by certain of our international operations of $1,398 million and $1,538 million for the three months ended September 30, 2016 and 2015, respectively, and $4,263 million and $4,477 million for the nine months ended September 30, 2016 and 2015, respectively.