Equity (Tables)

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Schedule of changes in equity

The following is a reconciliation of the beginning and ending balances of equity attributable to our stockholders, equity attributable to noncontrolling interests, and total equity (in millions):

	Three Months Ended March 31,
	2017									2016
	Valero Stockholders’ Equity			Non- controlling Interests (a)			Total Equity			Valero Stockholders’ Equity			Non- controlling Interests (a)			Total Equity
Balance as of beginning of period	$	20,024		$	830		$	20,854		$	20,527		$	827		$	21,354
Net income	305			16			321			495			18			513
Dividends	(315		)	—			(315		)	(282		)	—			(282		)
Stock-based compensation expense	13			—			13			12			—			12
Stock purchases in connection with stock-based compensation plans	(10		)	—			(10		)	(42		)	—			(42		)
Stock purchases under purchase program	(292		)	—			(292		)	(198		)	—			(198		)
Distributions to noncontrolling interests	—			(34		)	(34		)	—			(7		)	(7		)
Other	24			14			38			13			—			13
Other comprehensive income	76			—			76			131			1			132
Balance as of end of period	$	19,825		$	826		$	20,651		$	20,656		$	839		$	21,495

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(a) The noncontrolling interests relate to third-party ownership interests in VIEs for which we are the primary beneficiary and therefore consolidate. See Note 6 for information about our consolidated VIEs.

Schedule of changes in accumulated other comprehensive loss

Changes in accumulated other comprehensive loss by component, net of tax, were as follows (in millions):

	Three Months Ended March 31,
	2017									2016
	Foreign Currency Translation Adjustment			Defined Benefit Plans Items			Total			Foreign Currency Translation Adjustment			Defined Benefit Plans Items			Total
Balance as of beginning of period	$	(1,021	)	$	(389	)	$	(1,410	)	$	(605	)	$	(328	)	$	(933	)
Other comprehensive income before reclassifications	74			—			74			121			8			129
Amounts reclassified from accumulated other comprehensive loss	—			2			2			—			2			2
Net other comprehensive income	74			2			76			121			10			131
Balance as of end of period	$	(947	)	$	(387	)	$	(1,334	)	$	(484	)	$	(318	)	$	(802	)