XML 85 R68.htm IDEA: XBRL DOCUMENT v3.8.0.1
Employee Benefit Plans (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Changes in plan assets (a):      
Fair value of plan assets at beginning of year $ 2,097    
Fair value of plan assets at end of year 2,428 $ 2,097  
Defined Benefit Plan, Amounts Recognized in Balance Sheet      
Accrued expenses (33) (32)  
Other long-term liabilities (776) (742)  
Employee Benefit Plans (Textual)      
Contributions to defined contribution plans 70 67 $ 65
Pension Plans [Member]      
Changes in benefit obligation:      
Benefit obligation at beginning of year 2,567 [1] 2,365  
Service cost 123 111 109
Interest cost 86 84 98
Participant contributions 0 0  
Benefits paid (158) (130)  
Actuarial (gain) loss 286 171  
Other 22 (34)  
Benefit obligation at end of year 2,926 [1] 2,567 [1] 2,365
Changes in plan assets (a):      
Fair value of plan assets at beginning of year [1] 2,097 1,947  
Actual return on plan assets [1] 363 165  
Valero contributions [1] 110 141  
Participant contributions [1] 0 0  
Benefits paid [1] (158) (130)  
Other [1] 16 (26)  
Fair value of plan assets at end of year [1] 2,428 2,097 1,947
Reconciliation of funded status (a):      
Funded status as of end of year [1] (498) (470)  
Accumulated benefit obligation 2,746 2,419  
Defined Benefit Plan, Amounts Recognized in Balance Sheet      
Deferred charges and other assets, net 5 2  
Accrued expenses (14) (13)  
Other long-term liabilities (489) (459)  
Amounts recognized in balance sheet for defined benefit plans (498) (470)  
Other Postretirement Benefit Plans [Member]      
Changes in benefit obligation:      
Benefit obligation at beginning of year 302 [1] 336  
Service cost 6 7 8
Interest cost 10 12 14
Participant contributions 9 8  
Benefits paid (28) (27)  
Actuarial (gain) loss 6 (35)  
Other 1 1  
Benefit obligation at end of year 306 [1] 302 [1] 336
Changes in plan assets (a):      
Fair value of plan assets at beginning of year [1] 0 0  
Actual return on plan assets [1] 0 0  
Valero contributions [1] 19 18  
Participant contributions [1] 9 8  
Benefits paid [1] (28) (27)  
Other [1] 0 1  
Fair value of plan assets at end of year [1] 0 0 $ 0
Reconciliation of funded status (a):      
Funded status as of end of year [1] (306) (302)  
Defined Benefit Plan, Amounts Recognized in Balance Sheet      
Deferred charges and other assets, net 0 0  
Accrued expenses (19) (19)  
Other long-term liabilities (287) (283)  
Amounts recognized in balance sheet for defined benefit plans $ (306) $ (302)  
[1] Plan assets include only the assets associated with pension plans subject to legal minimum funding standards. Plan assets associated with U.S. nonqualified pension plans are not included here because they are not protected from our creditors and therefore cannot be reflected as a reduction from our obligations under the pension plans. As a result, the reconciliation of funded status does not reflect the effect of plan assets that exist for all of our defined benefit plans. See Note 18 for the assets associated with certain U.S. nonqualified pension plans.