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Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and temporary cash investments $ 4,658 $ 5,850
Receivables, net 6,814 6,922
Inventories 6,555 6,384
Prepaid expenses and other 233 156
Total current assets 18,260 19,312
Property, plant, and equipment, at cost 40,543 40,010
Accumulated depreciation (12,812) (12,530)
Property, plant, and equipment, net 27,731 27,480
Deferred charges and other assets, net 3,385 3,366
Total assets 49,376 50,158
Current liabilities:    
Current portion of debt and capital lease obligations 871 122
Accounts payable 7,966 8,348
Accrued expenses 590 712
Taxes other than income taxes payable 1,226 1,321
Income taxes payable 99 568
Total current liabilities 10,752 11,071
Debt and capital lease obligations, less current portion 8,086 8,750
Deferred income tax liabilities 4,711 4,708
Other long-term liabilities 2,902 2,729
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 7,026 7,039
Treasury stock, at cost; 242,573,833 and 239,603,534 common shares (13,588) (13,315)
Retained earnings 29,415 29,200
Accumulated other comprehensive loss (983) (940)
Total Valero Energy Corporation stockholders’ equity 21,877 21,991
Noncontrolling interests 1,048 909
Total equity 22,925 22,900
Total liabilities and equity $ 49,376 $ 50,158