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Earnings (Loss) Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Earnings (loss) per common share        
Net income (loss) attributable to Valero stockholders $ 1,253 $ 612 $ (598) $ 753
Less: Income allocated to participating securities 4 2 3 2
Net income (loss) available to common stockholders $ 1,249 $ 610 $ (601) $ 751
Weighted-average common shares outstanding (in shares) 406 415 407 416
Earnings (loss) per common share (in dollars per share) $ 3.07 $ 1.47 $ (1.48) $ 1.80
Earnings (loss) per common share – assuming dilution        
Net income (loss) attributable to Valero stockholders $ 1,253 $ 612 $ (598) $ 753
Less: Income allocated to participating securities 4 2 3 2
Net income (loss) available to common stockholders $ 1,249 $ 610 $ (601) $ 751
Weighted-average common shares outstanding (in shares) 406 415 407 416
Effect of dilutive securities (in shares) 1 2 0 1
Weighted-average common shares outstanding – assuming dilution (in shares) 407 417 407 417
Earnings (loss) per common share – assuming dilution (in dollars per share) $ 3.07 $ 1.47 $ (1.48) $ 1.80