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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and temporary cash investments $ 5,850 $ 4,816
Receivables, net 6,922 5,901
Inventories 6,384 5,709
Prepaid expenses and other 156 374
Total current assets 19,312 16,800
Property, plant, and equipment, at cost 40,010 37,733
Accumulated depreciation (12,530) (11,261)
Property, plant, and equipment, net 27,480 26,472
Deferred charges and other assets, net 3,366 2,901
Total assets 50,158 46,173
Current liabilities:    
Current portion of debt and capital lease obligations 122 115
Accounts payable 8,348 6,357
Accrued expenses 712 694
Taxes other than income taxes payable 1,321 1,084
Income taxes payable 568 78
Total current liabilities 11,071 8,328
Debt and capital lease obligations, less current portion 8,750 7,886
Deferred income tax liabilities 4,708 7,361
Other long-term liabilities 2,729 1,744
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 7,039 7,088
Treasury stock, at cost; 239,603,534 and 222,000,024 common shares (13,315) (12,027)
Retained earnings 29,200 26,366
Accumulated other comprehensive loss (940) (1,410)
Total Valero Energy Corporation stockholders’ equity 21,991 20,024
Noncontrolling interests 909 830
Total equity 22,900 20,854
Total liabilities and equity $ 50,158 $ 46,173