Earnings (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 30, 2021

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Earnings (loss) per common share:
Net income (loss) attributable to Valero stockholders	$	463	$	(464)	$	(79)	$	(1,062)
Less: Income allocated to participating securities	1		1		4		4
Net income (loss) available to common stockholders	$	462	$	(465)	$	(83)	$	(1,066)

Weighted-average common shares outstanding	407		407		407		407

Earnings (loss) per common share	$	1.13	$	(1.14)	$	(0.20)	$	(2.62)

Earnings (loss) per common share – assuming dilution:
Net income (loss) attributable to Valero stockholders	$	463	$	(464)	$	(79)	$	(1,062)
Less: Income allocated to participating securities	1		1		4		4
Net income (loss) available to common stockholders	$	462	$	(465)	$	(83)	$	(1,066)

Weighted-average common shares outstanding	407		407		407		407
Effect of dilutive securities	1		—		—		—
Weighted-average common shares outstanding – assuming dilution	408		407		407		407

Earnings (loss) per common share – assuming dilution	$	1.13	$	(1.14)	$	(0.20)	$	(2.62)