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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, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 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 (in shares) 407 406 407 407
Earnings (loss) per common share (in dollars per 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 (in shares) 407 406 407 407
Effect of dilutive securities (in shares) 0 1 0 0
Weighted-average common shares outstanding – assuming dilution (in shares) 407 407 407 407
Earnings (loss) per common share – assuming dilution (in dollars per share) $ 0.39 $ 3.07 $ (1.34) $ (1.48)