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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 4,047 $ 2,583
Receivables, net 5,601 8,988
Inventories 5,357 7,013
Prepaid expenses and other 417 385
Total current assets 15,422 18,969
Property, plant, and equipment, at cost 46,857 44,294
Accumulated depreciation (16,128) (15,030)
Property, plant, and equipment, net 30,729 29,264
Deferred charges and other assets, net 5,581 5,631
Total assets 51,732 53,864
Current liabilities:    
Current portion of debt and finance lease obligations 636 494
Accounts payable 5,237 10,205
Accrued expenses 926 949
Taxes other than income taxes payable 1,266 1,304
Income taxes payable 57 208
Total current liabilities 8,122 13,160
Debt and finance lease obligations, less current portion 14,577 9,178
Deferred income tax liabilities 5,297 5,103
Other long-term liabilities 3,720 3,887
Commitments and contingencies
Valero Energy Corporation stockholders’ equity:    
Common stock, $0.01 par value; 1,200,000,000 shares authorized; 673,501,593 and 673,501,593 shares issued 7 7
Additional paid-in capital 6,834 6,821
Treasury stock, at cost; 265,722,687 and 264,209,742 common shares (15,759) (15,648)
Retained earnings 29,712 31,974
Accumulated other comprehensive loss (1,571) (1,351)
Total Valero Energy Corporation stockholders’ equity 19,223 21,803
Noncontrolling interests 793 733
Total equity 20,016 22,536
Total liabilities and equity $ 51,732 $ 53,864