Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER COMMON SHARE

9.    EARNINGS (LOSS) PER COMMON SHARE

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

	Three Months Ended March 31,
	2021		2020
Loss per common share
Net loss attributable to Valero stockholders	$	(704)	$	(1,851)
Less: Income allocated to participating securities	1		1
Net loss available to common stockholders	$	(705)	$	(1,852)
Weighted-average common shares outstanding	407		408
Loss per common share	$	(1.73)	$	(4.54)
Loss per common share – assuming dilution
Net loss attributable to Valero stockholders	$	(704)	$	(1,851)
Less: Income allocated to participating securities	1		—
Net loss available to common stockholders	$	(705)	$	(1,851)
Weighted-average common shares outstanding – assuming dilution	407		408
Loss per common share – assuming dilution	$	(1.73)	$	(4.54)

Participating securities include restricted stock and performance awards granted under our 2020 Omnibus Stock Incentive Plan (OSIP) or our 2011 OSIP.