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Equity (Tables)
 6 Months Ended
Jun. 30, 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):
 
Six Months Ended June 30,
 
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
853

 
40

 
893

 
1,309

 
47

 
1,356

Dividends
(627
)
 
—

 
(627
)
 
(564
)
 
—

 
(564
)
Stock-based
compensation expense
25

 
—

 
25

 
23

 
—

 
23

Stock purchases
in connection with
stock-based
compensation plans
(13
)
 
—

 
(13
)
 
(43
)
 
—

 
(43
)
Stock purchases under
purchase program
(649
)
 
—

 
(649
)
 
(610
)
 
—

 
(610
)
Distributions to
noncontrolling interests
—

 
(45
)
 
(45
)
 
—

 
(47
)
 
(47
)
Other
23

 
17

 
40

 
3

 
—

 
3

Other comprehensive
income (loss)
287

 
—

 
287

 
(69
)
 
1

 
(68
)
Balance as of end of period
$
19,923

 
$
842

 
$
20,765

 
$
20,576

 
$
828

 
$
21,404

___________________
(a)
The noncontrolling interests relate to third-party ownership interests in VIEs for which we are the primary beneficiary and therefore consolidate. See Note 7 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):
 
Six Months Ended June 30,
 
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 (loss)
before reclassifications
282

 
—

 
282

 
(81
)
 
8

 
(73
)
Amounts reclassified from
accumulated other
comprehensive loss
—

 
5

 
5

 
—

 
4

 
4

Net other comprehensive income (loss)
282

 
5

 
287

 
(81
)
 
12

 
(69
)
Balance as of end of period
$
(739
)
 
$
(384
)
 
$
(1,123
)
 
$
(686
)
 
$
(316
)
 
$
(1,002
)