XML 81 R114.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidating Financial Statements, Balance Sheet (Details) - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Current assets:        
Cash and cash equivalents $ 2,583 $ 2,982    
Receivables, net 8,904 7,345    
Receivables from affiliates 0 0    
Inventories 7,013 6,532    
Prepaid expenses and other 469 816    
Total current assets 18,969 17,675    
Property, plant, and equipment, at cost 44,294 42,473    
Accumulated depreciation (15,030) (13,625)    
Property, plant, and equipment, net 29,264 28,848    
Investment in affiliates 0 0    
Long-term notes receivable from affiliates   0    
Deferred charges and other assets, net 5,631 3,632    
Total assets 53,864 50,155    
Current liabilities:        
Current portion of debt and finance lease obligations 494 238    
Accounts payable 10,205 8,594    
Accounts payable to affiliates 0 0    
Accrued expenses 949 630    
Accrued expenses to affiliates   0    
Taxes other than income taxes payable 1,304 1,213    
Income taxes payable 208 49    
Total current liabilities 13,160 10,724    
Debt and finance lease obligations, less current portion 9,178 8,871    
Long-term notes payable to affiliates   0    
Deferred income tax liabilities 5,103 4,962    
Other long-term liabilities 3,887 2,867    
Stockholders’ equity:        
Common stock 7 7    
Additional paid-in capital 6,821 7,048    
Treasury stock, at cost (15,648) (14,925)    
Retained earnings 31,974 31,044    
Partners’ equity 0 0    
Accumulated other comprehensive loss (1,351) (1,507)    
Total Valero Energy Corporation stockholders’ equity 21,803 21,667    
Noncontrolling interests 733 1,064    
Total equity 22,536 22,731 $ 22,900 $ 20,854
Total liabilities and equity 53,864 50,155    
Eliminations [Member]        
Current assets:        
Cash and cash equivalents 0 0    
Receivables, net 0 0    
Receivables from affiliates (18,142) (15,055)    
Inventories 0 0    
Prepaid expenses and other 0 (5)    
Total current assets (18,142) (15,060)    
Property, plant, and equipment, at cost 0 0    
Accumulated depreciation 0 0    
Property, plant, and equipment, net 0 0    
Investment in affiliates (40,957) (36,642)    
Long-term notes receivable from affiliates   (285)    
Deferred charges and other assets, net 0 0    
Total assets (59,099) (51,987)    
Current liabilities:        
Current portion of debt and finance lease obligations 0 0    
Accounts payable 0 0    
Accounts payable to affiliates (18,142) (15,054)    
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 (18,142) (15,060)    
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 (9,771) (9,754)    
Treasury stock, at cost 0 0    
Retained earnings (31,636) (28,305)    
Partners’ equity (382) (299)    
Accumulated other comprehensive loss 833 1,097    
Total Valero Energy Corporation stockholders’ equity (40,957) (37,262)    
Noncontrolling interests 0 620    
Total equity (40,957) (36,642)    
Total liabilities and equity (59,099) (51,987)    
Valero Energy Corporation [Member] | Reportable Legal Entities [Member]        
Current assets:        
Cash and cash equivalents 912 291    
Receivables, net 0 0    
Receivables from affiliates 4,336 4,369    
Inventories 0 0    
Prepaid expenses and other 63 466    
Total current assets 5,311 5,126    
Property, plant, and equipment, at cost 0 0    
Accumulated depreciation 0 0    
Property, plant, and equipment, net 0 0    
Investment in affiliates 37,902 34,696    
Long-term notes receivable from affiliates   285    
Deferred charges and other assets, net 771 572    
Total assets 43,984 40,679    
Current liabilities:        
Current portion of debt and finance lease obligations 0 0    
Accounts payable 0 14    
Accounts payable to affiliates 12,515 9,847    
Accrued expenses 120 155    
Accrued expenses to affiliates   0    
Taxes other than income taxes payable 0 0    
Income taxes payable 108 53    
Total current liabilities 12,743 10,069    
Debt and finance lease obligations, less current portion 7,095 6,955    
Long-term notes payable to affiliates   0    
Deferred income tax liabilities 0 0    
Other long-term liabilities 2,343 1,988    
Stockholders’ equity:        
Common stock 7 7    
Additional paid-in capital 6,821 7,048    
Treasury stock, at cost (15,648) (14,925)    
Retained earnings 31,974 31,044    
Partners’ equity 0 0    
Accumulated other comprehensive loss (1,351) (1,507)    
Total Valero Energy Corporation stockholders’ equity 21,803 21,667    
Noncontrolling interests 0 0    
Total equity 21,803 21,667    
Total liabilities and equity 43,984 40,679    
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 2,673 2,267    
Long-term notes receivable from affiliates   0    
Deferred charges and other assets, net 0 1    
Total assets 2,673 2,422    
Current liabilities:        
Current portion of debt and finance lease obligations 0 0    
Accounts payable 0 0    
Accounts payable to affiliates 1,291 837    
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 1,298 846    
Debt and finance lease obligations, less current portion 991 990    
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 382 299    
Accumulated other comprehensive loss 0 0    
Total Valero Energy Corporation stockholders’ equity 382 299    
Noncontrolling interests 0 0    
Total equity 382 299    
Total liabilities and equity 2,673 2,422    
Other Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]        
Current assets:        
Cash and cash equivalents 1,671 2,539    
Receivables, net 8,904 7,345    
Receivables from affiliates 13,806 10,684    
Inventories 7,013 6,532    
Prepaid expenses and other 406 355    
Total current assets 31,800 27,455    
Property, plant, and equipment, at cost 44,294 42,473    
Accumulated depreciation (15,030) (13,625)    
Property, plant, and equipment, net 29,264 28,848    
Investment in affiliates 382 (321)    
Long-term notes receivable from affiliates   0    
Deferred charges and other assets, net 4,860 3,059    
Total assets 66,306 59,041    
Current liabilities:        
Current portion of debt and finance lease obligations 494 238    
Accounts payable 10,205 8,580    
Accounts payable to affiliates 4,336 4,370    
Accrued expenses 822 468    
Accrued expenses to affiliates   0    
Taxes other than income taxes payable 1,304 1,213    
Income taxes payable 100 0    
Total current liabilities 17,261 14,869    
Debt and finance lease obligations, less current portion 1,092 926    
Long-term notes payable to affiliates   0    
Deferred income tax liabilities 5,101 4,960    
Other long-term liabilities 1,544 879    
Stockholders’ equity:        
Common stock 1 1    
Additional paid-in capital 9,771 9,754    
Treasury stock, at cost 0 0    
Retained earnings 31,636 28,305    
Partners’ equity 0 0    
Accumulated other comprehensive loss (833) (1,097)    
Total Valero Energy Corporation stockholders’ equity 40,575 36,963    
Noncontrolling interests 733 444    
Total equity 41,308 37,407    
Total liabilities and equity $ 66,306 $ 59,041