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Earnings (Loss) Per Common Share (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 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 (in shares) 407 407 407 407
Earnings (loss) per common share (in dollars per 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 (in shares) 407 407 407 407
Effect of dilutive securities (in shares) 1 0 0 0
Weighted-average common shares outstanding – assuming dilution (in shares) 408 407 407 407
Earnings (loss) per common share – assuming dilution (in dollars per share) $ 1.13 $ (1.14) $ (0.20) $ (2.62)