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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 2,982 $ 5,850
Receivables, net 7,345 6,922
Inventories 6,532 6,384
Prepaid expenses and other 816 156
Total current assets 17,675 19,312
Property, plant, and equipment, at cost 42,473 40,010
Accumulated depreciation (13,625) (12,530)
Property, plant, and equipment, net 28,848 27,480
Deferred charges and other assets, net 3,632 3,366
Total assets 50,155 50,158
Current liabilities:    
Current portion of debt and capital lease obligations 238 122
Accounts payable 8,594 8,348
Accrued expenses 630 712
Taxes other than income taxes payable 1,213 1,321
Income taxes payable 49 568
Total current liabilities 10,724 11,071
Debt and capital lease obligations, less current portion 8,871 8,750
Deferred income tax liabilities 4,962 4,708
Other long-term liabilities 2,867 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 7,048 7,039
Treasury stock, at cost; 255,905,051 and 239,603,534 common shares (14,925) (13,315)
Retained earnings 31,044 29,200
Accumulated other comprehensive loss (1,507) (940)
Total Valero Energy Corporation stockholders’ equity 21,667 21,991
Noncontrolling interests 1,064 909
Total equity 22,731 22,900
Total liabilities and equity $ 50,155 $ 50,158