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Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 3,498 $ 3,313
Receivables, net 8,627 6,109
Inventories 6,227 6,038
Prepaid expenses and other 438 384
Total current assets 18,790 15,844
Property, plant, and equipment, at cost 48,235 46,967
Accumulated depreciation (17,795) (16,578)
Property, plant, and equipment, net 30,440 30,389
Deferred charges and other assets, net 5,461 5,541
Total assets 54,691 51,774
Current liabilities:    
Current portion of debt and finance lease obligations 1,162 723
Accounts payable 9,820 6,082
Accrued expenses 1,539 994
Taxes other than income taxes payable 1,548 1,372
Income taxes payable 244 112
Total current liabilities 14,313 9,283
Debt and finance lease obligations, less current portion 13,071 13,954
Deferred income tax liabilities 5,110 5,275
Other long-term liabilities 3,608 3,620
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 6,830 6,814
Treasury stock, at cost; 264,680,113 and 265,096,171 common shares (15,696) (15,719)
Retained earnings 27,673 28,953
Accumulated other comprehensive loss (1,338) (1,254)
Total Valero Energy Corporation stockholders’ equity 17,476 18,801
Noncontrolling interests 1,113 841
Total equity 18,589 19,642
Total liabilities and equity $ 54,691 $ 51,774