Earnings (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Schedule of earnings (loss) per common share, basic and diluted

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

	Three Months Ended March 31,
	2020			2019
Earnings (loss) per common share
Net income (loss) attributable to Valero stockholders	$	(1,851	)	$	141
Less: Income allocated to participating securities	1			1
Net income (loss) available to common stockholders	$	(1,852	)	$	140
Weighted-average common shares outstanding	408			416
Earnings (loss) per common share	$	(4.54	)	$	0.34
Earnings (loss) per common share – assuming dilution
Net income (loss) attributable to Valero stockholders	$	(1,851	)	$	141
Weighted-average common shares outstanding	408			416
Effect of dilutive securities	—			2
Weighted-average common shares outstanding – assuming dilution	408			418
Earnings (loss) per common share – assuming dilution	$	(4.54	)	$	0.34