Earnings (Loss) Per Common Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of earnings (loss) per common share, basic and diluted

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

	Year Ended December 31,
	2021		2020		2019
Earnings (loss) per common share:
Net income (loss) attributable to Valero stockholders	$	930	$	(1,421)	$	2,422
Less: Income allocated to participating securities	6		5		7
Net income (loss) available to common stockholders	$	924	$	(1,426)	$	2,415
Weighted-average common shares outstanding	407		407		413
Earnings (loss) per common share	$	2.27	$	(3.50)	$	5.84
Earnings (loss) per common share – assuming dilution:
Net income (loss) attributable to Valero stockholders	$	930	$	(1,421)	$	2,422
Less: Income allocated to participating securities	6		5		7
Net income (loss) available to common stockholders	$	924	$	(1,426)	$	2,415
Weighted-average common shares outstanding	407		407		413
Effect of dilutive securities	—		—		1
Weighted-average common shares outstanding – assuming dilution	407		407		414
Earnings (loss) per common share – assuming dilution	$	2.27	$	(3.50)	$	5.84