Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings per common share were computed as follows (dollars and shares in millions, except per share amounts):



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Earnings per common share:
Net income attributable to Valero stockholders	$	612	$	845	$	753	$	1,314
Less income allocated to participating securities	2		3		2		4
Net income available to common stockholders	$	610	$	842	$	751	$	1,310

Weighted-average common shares outstanding	415		429		416		430

Earnings per common share	$	1.47	$	1.96	$	1.80	$	3.05

Earnings per common share – assuming dilution:
Net income attributable to Valero stockholders	$	612	$	845	$	753	$	1,314

Weighted-average common shares outstanding	415		429		416		430
Effect of dilutive securities	2		2		1		2
Weighted-average common shares outstanding – assuming dilution	417		431		417		432

Earnings per common share – assuming dilution	$	1.47	$	1.96	$	1.80	$	3.04