XML 77 R67.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidating Financial Statements, Balance Sheet (Details) - USD ($)
$ in Millions
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Current assets:            
Cash and cash equivalents $ 2,033   $ 2,982      
Receivables, net 9,050   7,345      
Receivables from affiliates 0   0      
Inventories 6,281   6,532      
Prepaid expenses and other 447   816      
Total current assets 17,811   17,675      
Property, plant, and equipment, at cost 43,110   42,473      
Accumulated depreciation (14,326)   (13,625)      
Property, plant, and equipment, net 28,784   28,848      
Investment in affiliates 0   0      
Long-term notes receivable from affiliates     0      
Deferred charges and other assets, net 5,427   3,632      
Total assets 52,022   50,155      
Current liabilities:            
Current portion of debt and finance lease obligations 323   238      
Accounts payable 10,135   8,594      
Accounts payable to affiliates 0   0      
Accrued expenses 764   630      
Accrued expenses to affiliates     0      
Taxes other than income taxes payable 1,144   1,213      
Income taxes payable 182   49      
Total current liabilities 12,548   10,724      
Debt and finance lease obligations, less current portion 9,167   8,871      
Long-term notes payable to affiliates     0      
Deferred income tax liabilities 4,899   4,962      
Other long-term liabilities 3,571   2,867      
Stockholders’ equity:            
Common stock 7   7      
Additional paid-in capital 6,812   7,048      
Treasury stock, at cost (15,170)   (14,925)      
Retained earnings 31,046   31,044      
Partners’ equity 0   0      
Accumulated other comprehensive loss (1,350)   (1,507)      
Total Valero Energy Corporation stockholders’ equity 21,345   21,667      
Noncontrolling interests 492   1,064      
Total equity 21,837 $ 21,779 22,731 $ 22,804 $ 22,925 $ 22,900
Total liabilities and equity 52,022   50,155      
Eliminations [Member]            
Current assets:            
Cash and cash equivalents 0   0      
Receivables, net 0   0      
Receivables from affiliates (16,206)   (15,381)      
Inventories 0   0      
Prepaid expenses and other 0   (5)      
Total current assets (16,206)   (15,386)      
Property, plant, and equipment, at cost 0   0      
Accumulated depreciation 0   0      
Property, plant, and equipment, net 0   0      
Investment in affiliates (39,475)   (38,652)      
Long-term notes receivable from affiliates     (285)      
Deferred charges and other assets, net 0   0      
Total assets (55,681)   (54,323)      
Current liabilities:            
Current portion of debt and finance lease obligations 0   0      
Accounts payable 0   0      
Accounts payable to affiliates (16,206)   (15,380)      
Accrued expenses 0   0      
Accrued expenses to affiliates     (1)      
Taxes other than income taxes payable 0   0      
Income taxes payable 0   (5)      
Total current liabilities (16,206)   (15,386)      
Debt and finance lease obligations, less current portion 0   0      
Long-term notes payable to affiliates     (285)      
Deferred income tax liabilities 0   0      
Other long-term liabilities 0   0      
Stockholders’ equity:            
Common stock (1)   (1)      
Additional paid-in capital (9,770)   (9,754)      
Treasury stock, at cost 0   0      
Retained earnings (29,824)   (28,631)      
Partners’ equity (383)   (299)      
Accumulated other comprehensive loss 995   1,097      
Total Valero Energy Corporation stockholders’ equity (38,983)   (37,588)      
Noncontrolling interests (492)   (1,064)      
Total equity (39,475)   (38,652)      
Total liabilities and equity (55,681)   (54,323)      
Valero Energy Corporation [Member] | Reportable Legal Entities [Member]            
Current assets:            
Cash and cash equivalents 246   291      
Receivables, net 0   0      
Receivables from affiliates 4,382   4,369      
Inventories 0   0      
Prepaid expenses and other 63   466      
Total current assets 4,691   5,126      
Property, plant, and equipment, at cost 0   0      
Accumulated depreciation 0   0      
Property, plant, and equipment, net 0   0      
Investment in affiliates 36,639   36,086      
Long-term notes receivable from affiliates     285      
Deferred charges and other assets, net 547   572      
Total assets 41,877   42,069      
Current liabilities:            
Current portion of debt and finance lease obligations 0   0      
Accounts payable 0   14      
Accounts payable to affiliates 10,753   10,173      
Accrued expenses 123   155      
Accrued expenses to affiliates     0      
Taxes other than income taxes payable 0   0      
Income taxes payable 99   53      
Total current liabilities 10,975   10,395      
Debt and finance lease obligations, less current portion 7,093   6,955      
Long-term notes payable to affiliates     0      
Deferred income tax liabilities 0   0      
Other long-term liabilities 1,972   1,988      
Stockholders’ equity:            
Common stock 7   7      
Additional paid-in capital 6,812   7,048      
Treasury stock, at cost (15,170)   (14,925)      
Retained earnings 31,046   31,044      
Partners’ equity 0   0      
Accumulated other comprehensive loss (1,350)   (1,507)      
Total Valero Energy Corporation stockholders’ equity 21,345   21,667      
Noncontrolling interests 492   1,064      
Total equity 21,837   22,731      
Total liabilities and equity 41,877   42,069      
Valero Energy Partners LP [Member] | Reportable Legal Entities [Member]            
Current assets:            
Cash and cash equivalents 0   152      
Receivables, net 0   0      
Receivables from affiliates 0   2      
Inventories 0   0      
Prepaid expenses and other 0   0      
Total current assets 0   154      
Property, plant, and equipment, at cost 0   0      
Accumulated depreciation 0   0      
Property, plant, and equipment, net 0   0      
Investment in affiliates 2,453   2,267      
Long-term notes receivable from affiliates     0      
Deferred charges and other assets, net 0   1      
Total assets 2,453   2,422      
Current liabilities:            
Current portion of debt and finance lease obligations 0   0      
Accounts payable 0   0      
Accounts payable to affiliates 1,071   837      
Accrued expenses 7   7      
Accrued expenses to affiliates     1      
Taxes other than income taxes payable 0   0      
Income taxes payable 0   1      
Total current liabilities 1,078   846      
Debt and finance lease obligations, less current portion 990   990      
Long-term notes payable to affiliates     285      
Deferred income tax liabilities 2   2      
Other long-term liabilities 0   0      
Stockholders’ equity:            
Common stock 0   0      
Additional paid-in capital 0   0      
Treasury stock, at cost 0   0      
Retained earnings 0   0      
Partners’ equity 383   299      
Accumulated other comprehensive loss 0   0      
Total Valero Energy Corporation stockholders’ equity 383   299      
Noncontrolling interests 0   0      
Total equity 383   299      
Total liabilities and equity 2,453   2,422      
Other Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]            
Current assets:            
Cash and cash equivalents 1,787   2,539      
Receivables, net 9,050   7,345      
Receivables from affiliates 11,824   11,010      
Inventories 6,281   6,532      
Prepaid expenses and other 384   355      
Total current assets 29,326   27,781      
Property, plant, and equipment, at cost 43,110   42,473      
Accumulated depreciation (14,326)   (13,625)      
Property, plant, and equipment, net 28,784   28,848      
Investment in affiliates 383   299      
Long-term notes receivable from affiliates     0      
Deferred charges and other assets, net 4,880   3,059      
Total assets 63,373   59,987      
Current liabilities:            
Current portion of debt and finance lease obligations 323   238      
Accounts payable 10,135   8,580      
Accounts payable to affiliates 4,382   4,370      
Accrued expenses 634   468      
Accrued expenses to affiliates     0      
Taxes other than income taxes payable 1,144   1,213      
Income taxes payable 83   0      
Total current liabilities 16,701   14,869      
Debt and finance lease obligations, less current portion 1,084   926      
Long-term notes payable to affiliates     0      
Deferred income tax liabilities 4,897   4,960      
Other long-term liabilities 1,599   879      
Stockholders’ equity:            
Common stock 1   1      
Additional paid-in capital 9,770   9,754      
Treasury stock, at cost 0   0      
Retained earnings 29,824   28,631      
Partners’ equity 0   0      
Accumulated other comprehensive loss (995)   (1,097)      
Total Valero Energy Corporation stockholders’ equity 38,600   37,289      
Noncontrolling interests 492   1,064      
Total equity 39,092   38,353      
Total liabilities and equity $ 63,373   $ 59,987