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Earnings (Loss) Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Earnings (loss) per common share        
Net income (loss) attributable to Valero stockholders $ (464) $ 609 $ (1,062) $ 1,362
Less: Income allocated to participating securities 1 1 4 3
Net income (loss) available to common stockholders $ (465) $ 608 $ (1,066) $ 1,359
Weighted-average common shares outstanding (in shares) 407 412 407 415
Earnings (loss) per common share (in dollars per share) $ (1.14) $ 1.48 $ (2.62) $ 3.28
Earnings (loss) per common share – assuming dilution        
Net income (loss) attributable to Valero stockholders $ (464) $ 609 $ (1,062) $ 1,362
Less: Income allocated to participating securities 1 1 4 3
Net income (loss) available to common stockholders $ (465) $ 608 $ (1,066) $ 1,359
Weighted-average common shares outstanding (in shares) 407 412 407 415
Effect of dilutive securities (in shares) 0 1 0 1
Weighted-average common shares outstanding – assuming dilution (in shares) 407 413 407 416
Earnings (loss) per common share – assuming dilution (in dollars per share) $ (1.14) $ 1.48 $ (2.62) $ 3.28