Earnings (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2021

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Earnings (loss) per common share:
Net income (loss) attributable to Valero stockholders	$	162	$	1,253	$	(542)	$	(598)
Less: Income allocated to participating securities	2		4		3		3
Net income (loss) available to common stockholders	$	160	$	1,249	$	(545)	$	(601)

Weighted-average common shares outstanding	407		406		407		407

Earnings (loss) per common share	$	0.39	$	3.07	$	(1.34)	$	(1.48)

Earnings (loss) per common share – assuming dilution:
Net income (loss) attributable to Valero stockholders	$	162	$	1,253	$	(542)	$	(598)
Less: Income allocated to participating securities	2		4		3		3
Net income (loss) available to common stockholders	$	160	$	1,249	$	(545)	$	(601)

Weighted-average common shares outstanding	407		406		407		407
Effect of dilutive securities	—		1		—		—
Weighted-average common shares outstanding – assuming dilution	407		407		407		407

Earnings (loss) per common share – assuming dilution	$	0.39	$	3.07	$	(1.34)	$	(1.48)